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Cyprus

Video. Cyprus slashes VAT in bid to reduce inflation and prices

Updated: 08/05/2023 - 18:11 GMT+2

While inflation rates have fallen in Cyprus for a sixth consecutive month, consumer prices went up by 0.3 per cent in April after a 1.02 per cent rise in March. In an interview with Euronews, Finance Minister Makis Keravnos explained the move to cut costs.

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