Wind out of the sails

By Craig Erlam Stock markets were making small losses on Tuesday, while US futures were relatively unchanged. The recovery rally has lost momentum in recent sessions, which is understandable after that jobs

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Freeze on foreclosures ‘threat to recovery’

Finance Minister Constantinos Petrides will ask President Nicos Anastasiades to return the House’s decision to extend a foreclosure freeze, arguing that Cyprus’s credibility among foreign investors and creditors will be shaken. “Unfortunately,

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Tourism recovery across Europe

The EU tourism industry has rebounded from the COVID-19 pandemic strongly, with data for 2022 approaching 2019 levels, according to Eurostat. The total number of nights spent in tourist accommodation in the

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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

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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

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