Household consumption spending rising

European Union household consumption expenditure saw the second largest annual increase in Cyprus, with almost 13% behind Croatia (21.2%), according to Eurostat. In 2021, household consumption expenditure in the EU increased by

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Renewable use below EU average

In Cyprus, the share of gross final energy consumption from renewable sources improved to 18.4% in 2021 but is still below the European average of 21.8%. However, it has increased steadily since 2004

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EU Single Market turns 30

The Single Market has led to an unprecedented market integration between Member State economies, serving as a driver for growth and competitiveness, said the European Commission to mark its 30th anniversary. “Established on

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