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Cyprus Inflation Eases Slightly To 2.5% In January

Inflation in Cyprus stood at 2.5% in January, down marginally from 2.6% in December, according to the Cyprus Statistical Service (Cystat). The Consumer Price Index (CPI) dropped by 1.58 points to 116.73, reflecting a slowdown in price growth.

Agricultural Goods saw the most volatility, rising 10% year-on-year but declining 6.1% from December. Food and Non-Alcoholic Beverages increased by 4.8% annually, while Restaurants and Hotels rose by 4.1%. Clothing and Footwear recorded the steepest monthly drop, falling 13%.

The biggest contributors to annual inflation were Food and Non-Alcoholic Beverages (+1.07) and Transport (+0.56), while Clothing and Footwear (-0.18) exerted downward pressure. Month-on-month, Clothing and Footwear (-1.00) had the most significant deflationary effect.

Catering Services (+0.48), Fresh Vegetables (+0.36), and Meat (+0.24) were key drivers of price increases, while Clothing Items (-0.81) pulled inflation down. Petroleum Products had the largest positive monthly impact (+0.15), while Clothing Items saw the biggest decline (-0.71).

Cyprus Launches Strategy To Promote Investment And Global Positioning

Overview

Cyprus presented a new strategic plan at the Government Council aimed at shaping how the country is positioned internationally. The initiative was announced by V. Papadopoulos, Director of the President’s Office, and focuses on aligning national positioning with current global economic and investment trends.

Collaborative Initiative With Invest Cyprus

The plan is being developed in cooperation with Invest Cyprus. Work on the initiative includes developing a consistent message about Cyprus as a business and investment location, with emphasis on its role within the European Union and its position in regional markets.

Core Messaging: Stability With Vision

The campaign is built around the slogan “Stability With Vision: European Base With Global Reach.” This message reflects how Cyprus is presented in terms of stability, European alignment, and international connectivity.

Defining National Advantages

Supported by an international strategic communications firm, the plan is set to articulate a compelling narrative that highlights Cyprus’s unique competitive advantages. Focusing on the nation’s robust human capital, diversified economy, and forward-looking sectors, the initiative aims to present Cyprus as a premier destination for modern investments.

Looking Ahead

As the strategy is tailored to emphasize sector-specific priorities and policies, it stands as an essential framework for promoting Cyprus’s strengths on the global stage. The focus on human resources, economic resilience, and strategic investment positions the country to leverage new opportunities and reinforce its international stature.

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