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
By Craig Erlam European stocks edged higher Thursday ahead of the long bank holiday weekend; ending the week not far from where they started as investors mull the latest policy decisions, inflation
By Jeffrey Halley The procession of central banks hiking rates in an attempt to see off inflation has continued over the last 24 hours. The Bank of Canada hiked by 0.50% overnight,
Inflation is the rate of increase in prices, meaning that you need more money to buy the same product or service. By extent, if your salary remains the same, your purchasing power
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
Bitcoin will recover from the current crypto crash to hit a fresh all-time high of $75,000 by the end of 2022, according to bullish predictions by the CEO of a leading financial
Increases in petrol prices, electricity and other utility bills, fruit and vegetables have driven inflation up in March to a record 7.1%, according to the Cyprus Statistical Service. Inflation continued its upward
