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tourism inflation rates

Cyprus Business Now: Economic Indicators and Tourism Boost

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Cyprus’s economy remains stable with a 3 percent inflation rate, while sectors like electricity, housing, and hospitality see price increases. Tourism is booming, exemplified by Polish airline LOT’s increased flights to Cyprus, indicating a growing number of Polish visitors. Despite minor setbacks in the stock market, the economy showcases resilience and adaptability amidst these changing trends.

construction materials market trends

Construction Materials Experience Price Dip

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The recent data from the Cyprus Statistical Service shows a 0.70 percent drop in the Construction Materials Price Index compared to last year, signaling a decrease in construction material costs. Metals experienced the most significant decline at 5.29 percent, potentially offering costsaving opportunities for construction projects in Cyprus.

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