In June, economic sentiment improved as uncertainty among consumers was at its lowest ebb for three years, buoyed by business confidence and the services sector revival. According to the Economics Research Centre
In April, economic sentiment deteriorated, weighed by a three-year low in consumer confidence battered by a cost-of-living crisis and weaker business activity, according to a University of Cyprus index. The university’s Economic
Cyprus Electricity Authority staff staging a 12 hour-strike Wednesday were accused of exploiting the pre-election period at the public’s expense. Trade unions are protesting the government’s “unwillingness to hire the necessary staff
Stoked by rising energy costs, the Harmonized Index of Consumer Prices increased by 8.6% in April, from last year, according to data published by the Statistical Service. When compared to the index
Motorists got a respite from rising fuel prices as the government stepped in to lower the consumer tax on petrol by eight cents per litre. The government’s decision came into effect Tuesday
The government is under attack from consumers for standing by as motorists face a rollercoaster ride of petrol price increases. President of the Cyprus Consumers Union and Quality of Life, Loucas Aristodemou,
In July, Cyprus prices rose for the fourth month in a row, as the consumer price index rose 4.04% year-on-year, following a 3.14% increase in June. Transport prices grew 10.12% annually in
Cyprus’ economic sentiment in July dipped 4.7 points from June, reflecting worsening consumer confidence and weaker business activity in services. Uncertainty among firms in all sectors and consumers painted a gloomier outlook.
While business sentiment in Cyprus improved during August, increasing by 1.9 points from July, consumer confidence weakened considerably, according to the University of Cyprus Economic Sentiment Indicator. The indicator reached 81.6 points
Consumers were lining up outside malls and electronic goods stores in the hope of a Black Friday bargain deal. Shoppers were attracted by ad campaigns of stores promising sales of up to
