GDP growth slowing, better next year

Projected GDP growth of the Cyprus economy has been revised downward to 2.6% from an initial 2.8%, while next year’s momentum is expected to pick up, said Finance Minister Makis Keravnos. The

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You’ve been taken for a ride

There seems to be a collective resignation among the public that things can’t change and the system will eventually grind you down. Politicians fill the air with promises they won’t keep or

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Fighting the inflation dragon

The ECB announced its decision to raise the three key interest rates by 25 basis points amid persistent inflation, which “is still expected to remain too high for too long.” According to

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Corruption drains the economy

Corruption saps the economy, undermines opportunities for people trying to engage in legitimate business and public services and kills international investments, said US State Department official Richard Nephew. The Coordinator on Global

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Halloumi hailed as export saviour

During the past decade, halloumi exports have increased tenfold to reach a whopping €284 mln and are expected to rise further, thus becoming a steady pillar of the island’s economic growth. Speaking

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Cyprus economy doomed without migrant workers

Amid a rising wave of attacks and anti-migrant demonstrations, authorities and businesses warn that the economy would collapse should foreign labour be eliminated. In comments to news site Stockwatch, Labour Minister Yiannis

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Saving the economy takes bold moves

Despite the Central Bank’s optimistic view of an increase in the Cyprus economy’s GDP growth, from 2.6% this year to 3.1% by 2025, the employers’ federation and the main Opposition party are

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