President Nicos Anastasiades stating the cost-of-living adjustment (CoLA) covers lost income from high inflation has triggered a reaction from unions calling on the government to fully reinstate the mechanism. Trade unions demanded
By Craig Erlam Thursday was another turbulent session after stock markets turned sharply lower on Wednesday with investors fretting over the economic outlook for this year. Results from Walmart and Target this
By Craig Erlam European equity markets were a little flat on Wednesday, with inflation data in the morning once again offering a reminder of the struggles that lie ahead. There are also
Cypriot consumers are being hit by one nasty shock after another, as prices for basic foodstuffs increase from 10% to over 100% in just a few months, with demand for government intervention
Nicosia argues that EU-proposed sanctions to ban Russian crude imports will push Cyprus to double-digit inflation. Finance Minister Constantinos Petrides said the oil embargo on Russia, the ban on Russian oil supplies,
The ghost of stagflation is once again looming on the horizon, and investors should make sure their personal financial planning strategies are such to mitigate risk but still build and grow wealth
This administration knows its time is nearly up, so it has grown a thicker skin than usual to society’s ills and hidden in its bunker of unkept promises and platitudes. Even though
Wealthy investors are planning on making “considerable additions” to their investment portfolios this year – despite red-hot inflation and historic interest rate rises to combat it, stagnant growth, tax hikes, Putin’s war
Cyprus is witnessing its highest inflation rate, at nearly 9%, in the past four decades, while consumer associations fear that the worse is yet to come. The news comes as the European
The government will support low-income groups hit by the highest inflation rate for decades, said Finance Minister Constantinos Petrides. Cyprus’ inflation in April spiked 8.6% in the Harmonized Consumer Price Index compared
