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
Finance Minister Constantinos Petrides argues the best way to address rising inflation is not by imposing additional taxes but by investing in growth. He also assured Cyprus is not over-exposed to Russia,
Economic growth in Cyprus will slow to 2.1% in 2022, with inflation spiking at 5.3% due to the impact of the Russian invasion of Ukraine and western sanctions against Russia, the IMF
By Lukman Otunuga, Senior Research Analyst at FXTM Stocks in Asia traded cautiously on Tuesday, following a negative close on Wall Street overnight as growth concerns, inflation worries and geopolitical tensions hit
Economists and authorities in Cyprus are increasingly concerned an inflation surge hitting the island will become a tidal wave, lasting for some years as a “de-globalisation” process is set into motion. Government
