Growing chagrin over new port charges
The Cyprus Chambers of Commerce and Industry (Keve) on Friday slammed the managing companies at Limassol port, which, according to reports, are prepared to increase charges that will burden businesses ...
Unions: Salary increases vital in face of energy and goods price hikes
Increases in basic salaries in January through the Cost of Living Allowance (Cola) are an absolute necessity given the current spike in the price of energy, goods and services, unions ...
Cypriot economists speak on inflation
The burning issue of inflation was the subject of an online event held last Wednesday by the Cyprus Association of Economists (EOK) titled ‘Price Rises: Inflation Principle or Something Else?’.
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Inflation ideology: camp permanent or camp temporary?
By Maria Demertzis
The discovery of the latest Omicron variant of COVID-19 sent stock markets into a freefall on Black Friday. However, markets recovered on Monday and have since shrugged ...
The threat of rising inflation
By Achilleas Demetriades
The economic repercussions of Covid 19 are still being felt. Governments throughout the world have rightly stepped up with huge economic stimulus programmes to address the immediate negative ...
EU inflation to subside, debt must fall but without hurting growth -ministers
European Union finance ministers agreed on Monday that the current surge in consumer prices would subside next year and that high public debt created by the pandemic had to be ...
Most businesses have seen costs rise up to 30 per cent in past six months
Most businesses said they saw a rise in prices of up to 30 per cent in the past six months, according to the results of a survey published on Friday.
The ...
Price hikes, the worst is yet to come
From coffee to plastic, companies left waiting months for orders to arrive, then hit by massive price rises
Importers and manufacturers are warning that while some price increases have so ...
Petrides says current inflation hike seen as transient
Finance Minister Constantinos Petrides voiced concern on Thursday over the risk to the economy from rising prices but said that inflation is currently viewed as transient.
Speaking to reporters on ...
The expert way to avoid prosperity and stability
Failure to learn from economic history condemns the rest of us to its repeat, or worse
By Andrew Shouler
The world may not yet have reached the critical moment, its ...
Inflation remained high in September
The rate of inflation in Cyprus remained high in September – registering at 4.1 per cent – though lower than the 5 per cent of the previous month, according to the Statistical Service.
Energy ...
ECB policies contributing to ultralow interest rates, inflation and inequalities
Prospects for growth in southern European countries are in jeopardy
Following the global recession and the European sovereign debt crisis the ECB adopted a policy of monetary accommodation to raise ...