Cyprus Economy

Europe News

Brussels cuts EU growth forecast again to just 0.6% this year

Europe's economy will grow less than originally predicted, according to the European Commission's latest forecast.

15/11/2023

Business

Inflation in Europe eases but still in painful double digits

The consumer price index in the 19 countries that use the euro currency hit 10% in November.

30/11/2022

Business

Eurozone annual inflation hits a record at 9.1% in August

Inflation in the euro area hit another record in August at 9.1%, fueled by soaring energy prices mainly driven by Russia’s war in Ukraine.

31/08/2022

Food and Drink

Cyprus looks to offload halloumi stockpile after COVID crumbles demand

Over six million kilos of the unsold famous cheese is in deep storage in Cyprus after demand crumbled over the past year due to lockdowns across Europe.

26/11/2021

Cyprus

Four dead as 'worst ever' fire tears through Cyprus

The blaze, which began on Saturday afternoon, forced the evacuation of at least eight mountain villages.

04/07/2021

Cyprus

Oil for peace: Cypriots turn to commerce to bridge Greek-Turkish divide

Oil for peace: Cypriots turn to commerce to bridge Greek-Turkish divide

11/02/2020

Cyprus

Greek Cypriots vote in presidential runoff

Voters say they want a president they can trust not only to finally reunite the island but also to boost its economy, on the mend after a financial crisis in 2013.

03/02/2018

Cyprus

Cyprus: the wounds of a divided island

For the past two years the Turkish Cypriot leader, Mustafa Akıncı, and the Greek Cypriot leader, Nicos Anastasiades, have made a push for peace which has now stalled.

11/07/2017