Inflation reached 6.8% in January

The inflation rate dropped by 1.4 percentage points in January, compared to the previous month, as consumers were given a respite from hiking fuel prices. According to the latest data released by

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Cyprus enjoyed 1.1% Q4 GDP growth

In the fourth quarter of 2022, GDP growth in Cyprus was estimated to have increased by 1.1% compared with the previous quarter, while EU growth was static. This compares with a 0.1% increase

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No more special favours

An economic and business policy is not a list of promises about what a presidential candidate will do for every social and professional group in the country to win their votes. Economic

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Minister says don’t rock stable economy

Economic rationalism should not be ignored for populist spending by a new government but maintain a serious fiscal administration and continuity, outgoing Finance Minister Constantinos Petrides warned. “The public service in Cyprus,

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Promoting a fairer, more equal society

The endless parade of scandals and the short-term thinking during the Anastasiades administration have created the false impression that their policies have benefited the economy. To grow, do we need to sacrifice

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Cyprus paralysed by general strike

Cyprus’ economy came to a standstill on Thursday during a three-hour general strike affecting the wider public sector in a dispute over the reinstatement of the inflation-linked Cost of Living Allowance as

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Foreign workers have rights too

After years of disagreements, heated debates and name-calling, the national minimum wage finally came into being on 1 January, ensuring an additional 40,000 workers in the private sector take home decent pay

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