Consumer uncertainty weakens

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


Consumer confidence deteriorates

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


Government blasts EAC strike as anti-consumer

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


Consumer prices rise 4% in July

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

Business sentiment improves, consumer confidence low

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