Cyprus inflation decelerates to lowest rate in nearly 3 years

Cyprus inflation decelerates to lowest rate in nearly 3 years

In March 2024, inflation in Cyprus decelerated significantly, with a year-on-year increase of 1.2 per cent, the lowest rate in nearly three years. This was primarily due to a reduction in electricity and petroleum prices.

UBS flags commercial real estate downturn as a top risk

UBS flags commercial real estate downturn as a top risk

UBS flagged the downturn in commercial real estate markets as one of the top and emerging risks facing the Swiss bank, with higher borrowing costs and a post-pandemic slump in demand for office space affecting the sector.