No interest hikes are expected at the next European Central Bank Governing Council meeting, as the latest data suggest that ECB rates have reached a level that, if maintained, will contribute to
Annual inflation in Cyprus increased to 4.3% in September, up from 3.1% in August, bucking the downward trend in the wider EU. A year ago, Cyprus’ inflation rate was 9.0%, according to
Cyprus has strongly condemned the terrorist attack in Brussels that resulted in two Swedish nationals being shot dead. The Ministry of Foreign Affairs posted on X that “Cyprus strongly condemns the terrorist
Cyprus ranks first among EU states for the highest percentage of returns of new asylum seeker applications, the Interior Ministry announced. It said the rate reaches 97% in returns of irregular migrants who
The cost of leaving inflation untamed is much higher for households and businesses, said Central Bank Cyprus governor Constantinos Herodotou. Addressing the 14th Limassol Economic Forum in Limassol, Herodotou referred to the
The European Central Bank is determined to promptly ensure that inflation returns to its 2% medium-term target, said ECB Vice-President Luis de Guindos. In his keynote speech at a Central Bank of
The seasonally-adjusted unemployment rate in Cyprus stayed at 6.6% in August compared to July, and slightly lower than a year ago when it was 6.8%, according to Eurostat. In the eurozone, the
In the second quarter of 2023, house prices in the EU increased by 0.3% compared with the first quarter, while rents increased by 0.7%, but Cyprus house prices decreased by 0.4%, according
Greek Akrivos Tsolakis, the head of the Helios airline crash investigation in 2005, died at 93 on Monday night. The crash of Cypriot airline Helios Airways Flight 522 claimed the lives of
The majority of pupils in primary and secondary education in Cyprus study at least one foreign language, according to Eurostat. In 2021, 100% of pupils in primary education in Cyprus (86.3% in the EU)
