In the third quarter of 2023, seasonally adjusted GDP decreased by 0.1% in the euro area but Cyprus – nonetheless…
Record cruise ship visits in October at Limassol port
DP World Limassol saw record cruise ship calls in October 2023, welcoming 31 cruises and around 48,000 passengers to the island. This was the company’s best-ever monthly…
Social protection expenditure in Cyprus records significant increase in 2022
Cyprus experienced an 18% surge in social protection spending in 2022, according to early estimates released by Eurostat, the statistical…
Tourism remains resilient despite Israel-Hamas war
Despite the loss of the Israeli market, the second-largest market for Cypriot tourism, the expected turnout of tourists remains high…
FACTBOX-Global economy to slow down but likely avoid recession in 2024
Some of the big U.S. banks expect global economic growth to slow further in 2024, squeezed by elevated interest rates,…
Russian rouble firms to strongest since early August vs dollar
The Russian rouble strengthened to a 3-1/2 month high against the dollar in early trade on Tuesday, buoyed by exporters’…
Inflation affects cost of dining, entertainment and hotels
Rising costs from raw materials to energy are not only affecting product prices on supermarket shelves but also impacting the…
Long-term UK expats may face huge UK tax charges
By Howard Bilton* “The latest numbers from HMRC show people are passing on more and more to the taxman rather…
Sterling edges up as UK’s Sunak brings back Cameron in cabinet reset
Sterling edged higher on Monday after British Prime Minister Rishi Sunak reshuffled his cabinet, appointing former PM David Cameron as…
In the Market: Inside Wall Street’s scramble after ICBC hack
The cyber hack of Industrial and Commercial Bank of China’s U.S. broker-dealer was so extensive on Wednesday, even the corporate…