Unemployment dropped to 6.3% in Q4

Unemployment dropped to 6.3% in the fourth quarter of 2021 from 8% in the same period the year before as the economy recovers from COVID lockdowns, the Cyprus Statistical Service said. The

Cyprus inflation at 13-year high

Cypriot consumers have seen their purchasing power reduce by more than 5% compared to a year ago as inflation hit a 13-year record high in January. If this wasn’t bad enough, consumers

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 NFTs – A digital economy game changer

In a fast-changing, global economic environment, non-fungible tokens (NFTs), backed by blockchain technology, emerged to disrupt how our world creates, perceives, and transfers value. Features such as transparency, improved liquidity of assets,

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Economy expected to grow 4.1% GDP in 2022

The Cypriot economy is expected to remain robust in 2022 as real GDP is projected to expand by 4.1%, according to the University of Cyprus Economic Outlook According to the university’s Economic

Accountability is missing

When economies are struggling to recover from the coronavirus pandemic, especially Cyprus, overwhelmingly relies on services, tourism and exports, hiking tariffs at the Limassol port monopoly is plain stupid. The alternative port

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Annual unemployed drops 56%

In December, the number of registered unemployed in Cyprus dropped by an annual 55.7% to 14,800 people out of work. According to data published by the Statistical Service, compared to December 2020,

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