Turkish Cypriots hit by hyperinflation

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,

Scope revises Cyprus credit outlook to positive

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

Cost of living crisis rages on

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

Cryptocurrencies could damage EU economy

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

Fund industry strengthens economic resilience

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

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