Cyprus maintains its position on the list issued by Greek tax authorities for countries with a preferential tax regime due…
China’s new thirst for coffee spurs cut-throat cafe competition
Chinese coffee consumption is growing quickly, spurring cut-throat competition between local and foreign coffee chains that have opened thousands of…
Key developments in Cypriot economy during 2023
The departing year was marked by a significant economic slowdown driven mainly by a series of aggressive interest rate hikes…
Chaotic discounts and unfair practises observed during holiday season
In what concerns sales in Cyprus, chaos prevails, as noted by the Pancyprian Organisation of Professional Craftsmen and Shopkeepers (POVEK),…
Industrial production grows by 5.4%
Annual increase of 5.4% was recorded in October by the Industrial Production Index, reaching 138.6 units (base year 2015=100), according…
Annual increase in petroleum product sales by 3.7% in November
Annual change in petroleum product sales by 3.7% was reported in November, with the good weather contributing to a partial…
Chile president praises Codelco, SQM lithium deal ensuring state control
Chile’s President Gabriel Boric hailed the formation of a new government-controlled lithium partnership that fuses assets of state-run Codelco with…
Houthi Red Sea attacks contributing to accelerated inflation rate
Inflation is expected to see a new rise due to the problems caused by Houthi rebels’ actions in the Red…
Property market trends in Cyprus for 2024
The prices of apartments and houses are not expected to decrease in 2024, and rental prices are also unlikely to…
Construction industry remains in turmoil
A year after the commencement of negotiations before the Conciliation Service of the Ministry of Labor for the renewal of…