Economy
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The cost-of-living rate for December goes up by 3.39 per cent
The Statistics Institute has announced the cost-of-living rate for December as 3.39 per cent. The six-month cost-of-living rate, which serves…
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Daily currency exchange rates
Daily currency exchange rates (December 2, 2025) have been set as follows; Dollar 42.60 TL Euro 49,40 TL Sterling 56,40…
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Cyprus records lowest inflation in EU at 0.1% in July
Harmonised Index of Consumer Prices in Cyprus was the lowest recorded in EU in July, at just 0.1%, according to…
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Israel-Iran conflict reignites concerns in global economy
The 12-day Israel-Iran armed conflict fueled concerns in the global economy, while its potential impact on commodity prices and the…
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Inflation in Cyprus declines to 2.1% in March
Annual inflation in Cyprus decreased to 2.1% in March, down from 2.3% in February, according to a preliminary estimate released…
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The cost of living rate for December announced as 1.10%
According to the “Consumer Price Index Results for December 2024 Based on the Base Year” report published by the…
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Bitcoin hits $100,000 for first time
Bitcoin broke $100,000 for the first time Thursday as traders cheered Donald Trump’s decision to pick a crypto fan to…
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Cyprus’ average salary in 2023 below EU average
The average annual salary in Cyprus in 2023 was lower than the EU average, according to data released by Eurostat on Thursday.…
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UK inflation tumbles to 1.7 per cent in September, boosting rate cut bets
British inflation dropped sharply and key price gauges watched by the Bank of England also fell, bolstering bets on an…
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Nobel economics prize awarded for research on how institutions affect prosperity
The Royal Swedish Academy of Sciences has awarded the 2024 Nobel Prize in Economic Sciences to three economists for their…
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