2 w. ago Cyprus Business Now: inflation, unemployment, AI, tourism, gambling

Passenger traffic across Cyprus’ airports has exceeded 13 million travellers since January, marking the highest volume ever recorded, according to Hermes Airports. In its announcement, the company said that “for the first time in the history of Cyprus airports, passenger traffic has reached 13 million passengers since the beginning of this year (departing and arriving)”. It […]

Economics

2 w. ago UK shop inflation cooled in November but prices likely to rise in 2026, BRC says

British store chains last month reported lower inflation in the run up to Black Friday sales but higher costs in 2026 mean retailers might struggle to keep inflation on its downward path, the British Retail Consortium said on Tuesday. Annual shop price inflation of 0.6 per cent in the 12 months to November followed a […]

Economics

2 w. ago Euro area annual inflation up to 2.2% as Cyprus remains near zero

Cyprus recorded one of the lowest inflation rates in the euro area in November 2025, with the flash estimate placing annual  harmonized index of consumer prices (HICP) at 0.2 per cent, unchanged from October, while monthly inflation fell 1 per cent, according to Eurostat’s preliminary figures. Across the euro area, inflation is expected to reach […]

Politics

2 w. ago Euro zone inflation remains on benign path, easing need for rate cut

Euro zone inflation remains on a benign path, a raft of data indicated on Friday, supporting economists’ bets that it will hold around target for years to come and no more European Central Bank rate cuts are needed. Inflation has been hovering around the ECB’s 2 per cent target for most of this year and […]

Politics

3 w. ago Cyprus Business Now: banks, maritime, travelling, inflation, forex, EU Presidency

The Emirates Shipping Association brought the UAE’s maritime community together on Thursday evening for Latitude 25° at the Jumeirah Emirates Towers Terrace, an event aimed at reflecting on a busy year and outlining priorities for 2026. Among the distinguished guests were H.E. Abdulla Bin Touq AlMarri, Minister of Economy and Tourism and Thomas Kazakos, secretary general of […]

Economics

3 w. ago Cyprus sees steady prices in October, inflation still below zero

Stable restraint in consumer prices continued in October, according to the monthly price observatory published by the Consumer Protection Service, with annual inflation remaining negative for a sixth consecutive month. The observatory tracks weighted average prices for 250 basic consumer products across 400 retail outlets islandwide, drawing on daily data for food and non-food items. […]

Economics

4 w. ago Cyprus Business Now: Paphos, Keravnos, social benefits, energy, inflation, Famagusta

The Cabinet on Wednesday approved a proposal from the Finance Ministry to establish a fast dispute resolution mechanism aimed at addressing delays in major public works projects. Finance Minister Makis Keravnos explained that the government had inherited “problematic public contracts” which had been subject to time-consuming court procedures and had resulted in significant delays to important projects. Keravnos stated […]

Economics

4 w. ago UK inflation slows to 3.6 per cent, boosting hopes for December rate cut

British inflation slowed last month for the first time since May, official figures showed on Wednesday, offering some relief to the government before next week’s annual budget and boosting the chance of a December rate cut by the Bank of England. Consumer price inflation dropped to 3.6 per cent in October from 3.8 per cent […]

Politics

4 w. ago Cyprus inflation remains subdued as October prices rise only slightly

Inflation in Cyprus remained subdued in October, with the Harmonised Index of Consumer Prices rising by only 0.2 per cent year on year, according to the state statistical service (Cystat). The service reported that the index also inched up by 0.1 per cent when compared with September 2025, reflecting stable overall price conditions during the […]

Economics