Cyprus to outpace euro area growth

The Cypriot economy is expected to grow by 2.5% GDP in 2023, well above the euro area average of 0.5%, said Central Bank governor Constantinos Herodotou. Herodotou said the economy showed notable resilience in 2022, recording


Euro Parliament begins Cyprus spyware probe

A delegation from the European Parliament’s inquiry committee to investigate the use of Pegasus software (PEGA) and equivalent surveillance spyware launched a joint mission in Cyprus and Greece. The fact-finding mission seeks to establish a


Markets shaky ahead of ECB meeting

By Lukman Otunuga, Senior Research Analyst at FXTM A sense of caution has taken hold of financial markets as investors adopt a guarded stance ahead of another week packed with key economic


Our EU fortunes follow the euro

The euro is an important achievement that consolidates European unity. Proof of this is its recent use as an effective tool to deal with the collective effort against the pandemic. Twenty years


Turkish Cypriots want the euro

Most Turkish Cypriots support the transition to the euro, as they are crushed under a tumbling Turkish Lira, with their earnings diminishing while inflation spirals. According to an opinion poll conducted by

Turkish Cypriots eye euro as lira crumbles

Turkish Cypriots are eyeing a transition to the euro as the tumbling Turkish Lira is destroying their economy as they see their earnings vanish while inflation spirals. As prices for essential goods