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
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
The Finance Ministry fended off accusations fired by the opposition that government policy has taken its toll on the economy. “The Cypriot economy continues its upward trend, and unlike other European countries
The seasonally adjusted unemployment rate in Cyprus dropped in June from 2022 while remaining stable compared to May, according to Eurostat. Unemployment in Cyprus stood at 4.8% in June, remaining stable since
Economic sentiment in Cyprus deteriorated in July due to weaker business confidence in the services sector and lower consumer optimism, according to a University of Cyprus index. The Economic Sentiment Indicator (ESI-CypERC)
According to seasonally adjusted data, the number of registered Cyprus unemployed individuals in June reached its lowest level in the past 17 months. Based on the data maintained by the District Labour
International rating agency DBRS Morningstar predicts the GDP growth rate of the Cyprus economy in 2023 will remain at 2.1%, according to updated baseline macroeconomic scenarios. DBRS estimates that in 2024 Cypriot
An increase of 7.2% was observed in the average gross monthly earnings of Cyprus employees in the first quarter of 2023 compared to Q1 last year, with men still paid more than
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
The job vacancy rate in the first three months to March rose to 2.8% compared to 1.9% in the previous quarter and down from 3.2% in Q1 2022, data released by the Cyprus Statistical
