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
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
Cypriot race driver Vladimiros Tziortzis won the biggest distinction in his career and Cyprus motorsport history after finishing third place at the 2022 EuroNASCAR 2 championship. After a recent injury and wrist surgery three
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
The European Union’s monetary authority has raised the alarm over the performance of Cypriot banks, as the island’s banking system lags behind all other eurozone states. The Single Supervisory Mechanism (SSM), in
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
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 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
The buying power of one euro (1€) has depreciated by a whopping 30% between 2000 and 2020 from 1€ to 0.7€, according to data researched by Trading Platforms UK. This means that
By Hussein Sayed, Chief Market Strategist at FXTM Stocks hit an all-time high early Thursday on optimism that the new US administration will take bold steps in reviving growth and speed up
