Turkish Cypriots are seeing their earnings vanish due to inflation spirals, as the cost of living in the Turkish occupied north has increased by a staggering 110%. According to north’s statistical data,
Average gross monthly earnings of employees increased 6.8% during the first quarter of 2022 to €2,019 from €1,891 a year ago, but women earned less pay, according to the Cyprus Statistical Service.
The vast majority of Turkish Cypriots are unhappy with the way authorities in the north handle the ravaged economy, as only two in 100 people feel content. An opinion poll conducted by
Scope Ratings affirmed the Republic of Cyprus’ BBB- long-term issuer and senior unsecured local- and foreign-currency ratings, revising the outlook from stable to positive. According to Scope’s analysis, the decision to revise
Unsettling news for Cypriots consumers as the Cyprus Fiscal Council’s spring report claims the cost of living will continue to rise throughout the year, with fuel prices also staying high. According to
Volatile, high-risk cryptocurrencies can cause harm to the European economy, argues a senior official at the Cyprus Central Bank. Christos Phanopoulos, Senior Director of the banking operations at the Central Bank, told
Even as tourism and construction showed weaknesses, the economic performance showed resilience, argued Finance Minister Constantinos Petrides speaking at the 10th AGM of the Cyprus Investments Fund Association (CIFA). Petrides underscored the
The Financial Mirror interviewed econ-physics pioneer and world-renowned Paris-based statistical physicist Jean Philippe Bouchaud, Professor at École Normale Supérieure and founder and chair of Capital Fund Management (CFM) He was recently in
Eight out of ten Turkish Cypriots are unable to make ends meet, according to a recent survey carried out in the Turkey-occupied north of the island. An opinion poll conducted by the
The European Commission has underlined the need for Cyprus to reduce its reliance on fossil fuels and accelerate the development of renewables. Its European Semester for 2022 called on Nicosia to develop
