Cyprus recorded 1.2% annual inflation in April on higher prices in clothing, footwear and transport, while in the European Union, the rate was 2%. Monthly inflation was 0.8%, and for the first
Social distancing measures introduced as a response to the COVID-19 pandemic forced many people to work from home, but Cyprus is well below the EU average of homeworkers. In 2020, 12.3% of
The lockdowns of 2020 in many developed markets gave rise to couch commerce and an increase in engagement for food delivery services such as Uber Eats. As a result, the online food
The air defence exercise TALOS 2021 involving the French Air Force was successfully completed on Tuesday with the participation of Cyprus’ National Guard. Joint manoeuvres took advantage of the nuclear-powered French aircraft
Nicosia heralded its economic performance as the best in the eurozone, with Finance Minister Constantinos Petrides welcoming data showing Cyprus had quarterly GDP growth of 2% in Q1. According to Eurostat, only
Cyprus rarely causes a splash at the Eurovision Song Contest, but controversy over ‘devil lyrics’ in its entry ‘El Diablo’ and fiery rendition by Greek singer Elena Tsagrinou is making audiences take
The coronavirus-stricken tourism sector has suffered collateral damage from the escalation of Middle East violence, as Cruise operator Royal Caribbean cancelled a new line scheduled to run from Israel to Cyprus from
By Lukman Otunuga, Senior Research Analyst at FXTM Growing worries about inflation have gripped markets and left investors on edge. Wall Street slipped on Monday, dragged down by declines in technology stocks
In moves to establish closer regional military cooperation and coordination, the Defence Ministers of Cyprus, Greece and Egypt on Wednesday will hold a trilateral meeting in Nicosia. Cypriot minister Charalambos Petrides, his
Taking advantage of the French aircraft carrier Charles de Gaulle being in the Eastern Mediterranean region, Cyprus will conduct an air exercise called “TALOS 2021” on Tuesday. The military exercise, involving land
