DBRS upgrades Cypriot economy

DBRS Ratings upgraded the long-term ratings of Cyprus to BBB (high), from BBB, with a stable outlook, giving a rating one level higher (third level) than the remaining three major credit rating agencies,

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No helping hand in cost-of-living crunch

If you believe the Finance Minister, the government is pulling out all the stops to buffer the cost-of-living crisis that’s washing away our purchasing power. Real salaries are worth less than government

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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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