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June 5, 2025

Cyprus Records First Deflation in Over Four Years in May

Nicosia: Cyprus recorded deflation in May 2025 for the first time in more than four years, with the annual inflation rate turning negative at -0.2%, according to data released on Thursday by the Statistical Service of Cyprus. The last time the Consumer Price Index (CPI) recorded a year-on-year decrease was

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European Commission Adopts Comprehensive European Ocean Pact

Brussels: The European Commission has announced the adoption of a European Ocean Pact, a sweeping initiative designed to protect ocean health, boost the sustainable blue economy, and support coastal communities across the European Union. This strategy aims to unify EU ocean policies, addressing the critical threats impacting oceans, coastal communities,

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Finance Ministry Applauds EU Report on Cyprus’ Economic Progress

Nicosia: The Ministry of Finance expressed, in a press release on Thursday, satisfaction regarding the findings on the Cypriot economy included in the Spring Package of the European Semester 2025, noting that they clearly confirm the steady progress, resilience, and momentum of the Cypriot economy. According to Cyprus News Agency,

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