Cypriot Economy Shows Resilience Amid Energy Costs and Labor Shortages

Cyprus Business Now: banks, Columbia, Oev, salaries, labour shortages

The Cypriot economy has shown strong resilience despite rising geopolitical uncertainty, but high energy costs, delayed reforms and labour shortages continue to limit its growth prospects, according to Employers and Industrialists Federation (Oev) president George Pantelides. Speaking to Politis ahead of the federation’s annual general meeting on Tuesday, Pantelides said the economy had maintained positive growth rates, stabilised public finances and strengthened investment activity, showing ...