House gives the nod for over €100m to ease inflation pain
The House of Representatives on Thursday greenlit the state’s first supplementary budget for fiscal year 2022, amid criticism that the government keeps wasting taxpayer money...
inflation
PEO criticises government ‘inactivity’ over price increases
Despite the government’s attempts to gather proposals to tackle rising prices and inflation, some are already expressing their discontent over the expected outcome and point...
Anastasiades to chair meetings on health, economy (updated)
President Nicos Anastasiades will on Thursday review implementation of the government’s programme on health with ministers and top officials, one of a series of meetings...
CBC paints gloomy picture for rest of 2022
The magnitude of the impact on the Cyprus economy from the war in Ukraine will depend on the duration of hostilities, and sanctions against Russia,...
Potato farmers will take action if state does not support them
Following the rise in prices that has been at the centre of disputes and protests all over Cyprus in recent weeks, potato farmers said on...
Unions demand full return of Cola, VAT reduction
PEO and Deok trade unions are seeking the full restoration of the cost of living allowance (Cola), the reduction of VAT and introduction of price...
Outlook more positive for 2023 as inflation, joblessness set to bite this year
Cyprus should expect higher joblessness and further inflation in 2022, which is also expected to impact the recovering tourism sector, but the economy should improve...
Misleading official statements compounded by biased reporting
The government and banks issue deceptive statements and statistics and the media blindly report them without question By Les Manison According to Reporters Without Borders,...
Business leaders call on govt to boost food self-sufficiency, predict ‘upheavals ahead’
Business leaders have called on the president to urgently boost the island’s self-sufficiency in terms of the food supply, warning that based on current data,...
Inflation in Cyprus rises to 8.8 per cent in April
In April 2022, inflation was 8.8 per cent in Cyprus, with the Consumer Price Index increasing by 2.58 units to 110.36 units, compared to 107.78...
