Last year, 81% of recent graduates from secondary and higher education aged 20 – 34 in Cyprus were employed, close to the EU average of 82%, according to Eurostat. From 2014 to 2022, the employment rate for this group in Cyprus rose by 12 percentage points, showing a generally rising trend interrupted only in 2017 and during
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By Craig Erlam The UK economy showed further resilience toward the end of the second quarter, buoyed by better weather. The cost-of-living crisis has clearly been an immense drag on the British economy and due to its nature, will have hit some households much harder than others. Overall, consumer activity has been resilient, ultimately stopping
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Five cases of pre-paid credit card scams have been reported this month, leading to the withdrawal of over €6,600, said police spokesperson Christos Andreou. He urged businesses that sell PaySafe cards to be alert and cautious. Andreou said that in all cases, the scam was carried out in the same way. Employees of supermarkets or kiosks that sell
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A significant increase of 12.6% was recorded in the first quarter of 2023 in the assets under management of the Cypriot Investment Funds, compared to 2022, says the Cyprus Investment Funds Association (CIFA). CIFA President Andreas Yiasemides stressed the need to complete the regulatory framework to turn Cyprus into an even more attractive destination. According to
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The US Consumer Price Index (CPI) was released on Thursday, but it is the core inflation data, not the headline, that investors will be pouring over, said the CEO of a leading independent financial advisory. The latest CPI shows a monthly increase of 0.2% for July and a 12-month rate of just 3.3%. A year
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Cyprus’ capital Nicosia, ranks third after Bucharest and Madrid on the list of the ten best European cities for digital nomads. Digital nomads are called as such as they can work remotely from any part of the world. This growing trend in the workplace became more frequent after the pandemic. Many companies worldwide give this
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Maximum temperatures are expected to rise over the weekend and continue into Monday as the hot weather exceeds 40 degrees Celsius inland. Cyprus has had a slight respite from extreme heat after the longest recorded 16-day heatwave endured in July. But after Monday, temperatures are expected to drop later next week to the seasonal average
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Kyndryl, the world’s largest IT infrastructure services provider, and CNP Cyprus, the leading insurance group, announced a five-year agreement renewal. The company will transform CNP Cyprus’ IT infrastructure into a hybrid cloud environment and support its IT modernisation efforts to enhance customer and employee experience, security and operational resiliency. The insurance industry is adapting to
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By Han Tan, Chief Market Analyst at Exinity Group Risk assets pointed to a positive US open after the just-released July CPI and core CPI reports were up 0.2% on the month. The consumer price index in July rose 3.2% year-on-year, which was below expectations. The core CPI was at 4.7%, also below estimates. The subdued
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One in six, or 150,000 people, are at risk of poverty or social exclusion in Cyprus, according to the results of the Survey on Income and Living Conditions 2022. According to AROPE, the main indicator to monitor the EU 2030 target on poverty and social exclusion, 16.7% of the population was at risk of poverty or social exclusion
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