Inflation biggest threat to recovery

Finance Minister Constantinos Petrides fears the current energy crunch fuelled by the war in Ukraine will be difficult to tame, comparing it to the oil crisis in the 1970s. Addressing the 12th


Soaring building costs shackle recovery

Cyprus real estate and construction sectors are stressed from skyrocketing prices of building materials, making it harder to recover from the pandemic and scrapping of the ‘golden passports’ scheme. According to the


Real estate in pandemic recovery mode 

Cyprus’ real estate market continued its recovery this year, with some indicators exceeding pre-pandemic levels, according to a survey carried out by property analysts Delfi Analytics. In comments accompanying the survey, Delfi


Cyprus eyes 2024 tourism recovery

Cyprus’ tourism is confident of building on this year’s healthy 175% increase in arrivals compared to a dismal 2020 when the coronavirus pandemic brought the industry to its knees. Presenting the work


Cyprus among best COVID recovery plans

Finance Minister Constantinos Petrides and ESM chief Klaus Regling highlighted the importance of implementing the Recovery and Resilience plans to diversify the economy in boosting growth potential post-pandemic. Regling in Cyprus to

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