News from Cyprus Economy
Stay current with all the latest and breaking news about Cyprus Economy, compare headlines and perspectives between news sources on stories happening today. In total, 38 stories have been published about Cyprus Economy which Ground News has aggregated in the past 3 months.
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Inflation · CyprusSpanish airlines expect a record summer season and are adding 13% more seats from a year ago, confident that consumers will continue to travel despite inflation pressuring their spending, the head of Spain’s airlines industry group said on Tuesday. From the beginning of April to the end of October, the group has scheduled up to 758,000 flights, 9% more than in the same period in 2023 with a total capacity of up to 240 million seats. “Everything …See the Story
Spanish airlines increase capacity as they expect record summer demand
Trade · NicosiaThe European Council had a strategic discussion on the EU-Turkey relations, taking into account the announcement of the High Representative and the Commission for the situation in the political, economic, and trade...See the Story
European Council: Investigates comprehensive relocation of Cyprus within the framework of the EU.
Bola Tinubu · CyprusNigeria’s oil workers union has asked President Bola Tinubu to deploy more troops, including military chiefs, to combat oil theft and boost output to help Africa’s largest economy tackle dollar shortages, an official said on Friday. Large-scale oil theft from pipelines and wells has been one of Tinubu’s biggest challenges in recent years, damaging government finances and limiting the country’s output and exports. Nigeria, Africa’s top oil produc…See the Story
Nigeria union requests more troops to combat oil theft
Inflation · CyprusIn the entire European Union, including Cyprus, there is a continuous de-escalation of inflation. This gives the impression, also reinforced by statements from officials, that we have overcome inflation. The storm has passed. or so we would like to believe. References like “the lowest point of inflation in the last three years” are likely to mislead some consumers. Not to the extent that they believe we have returned to “normality,” but they mi…See the Story
Inflation has “fell”, not high prices
Inflation · CyprusAccording to Eurostat’s announcement yesterday, Cyprus ranks among the top five countries in the Eurozone with the lowest inflation in March, based on the harmonised consumer price index. The inflation rate in Cyprus dropped to 1.6% on an annual basis (compared to March 2023, which was 6.1%), down from 2.1% in February. Inflation in Cyprus in March was below the Eurozone average, which slowed to 2.4% annually from 2.6% in February, while the ave…See the Story
Cyprus among EU countries with lowest inflation in March
Economy · CyprusPublic projects with a clear green mark and environmental objective are a tried and tested developmental tool for rejuvenating the welfare level of the construction sector and the economy at large, states the Cyprus Architects Association in a statement. The Association “calls on the government and the relevant ministries to take the lead in this direction, aiming to preserve and upgrade the built and unbuilt environment of the country.” It note…See the Story
Architects advocate for environmental focus in development
Wages · CyprusSo, the Eurostat data came out the day before yesterday, at good timing since Makis Keravnos had collectively alarmed us when he announced the abolition of the fuel tax subsidy. “In Cyprus,” he said, “we still have the lowest petrol price in the whole of the European Union.” Compared to the whole European Union? And we don’t feel ashamed at all to complain that we supposedly can’t make ends meet and want the tax to be gifted to us? Of course, …See the Story
