Economic sentiment in March dropped to a level below that of May last year, due to rising uncertainty among consumers and companies over the war in Ukraine, according to a University of
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
France said on Tuesday that Western sanctions against Moscow over its invasion of Ukraine will cause the Russian economy to collapse. “We will bring about the collapse of the Russian economy,” Finance
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
The continued high GDP rate in the fourth quarter of 2021 confirms the resilience and dynamism showed by the Cypriot economy, boosting expectations for further growth in 2022, Finance Minister Constantinos Petrides
The European Commission’s winter forecast confirms the positive course of the Cypriot economy, with real GDP increasing 5.3% in the first ninth months of 2021 and a further increase of 4.1% projected
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,
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
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
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,
