Some Cyprus economic indicators might portray a picture of prosperity, however conditions in the real economy and society remain very difficult

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Some Cyprus economic indicators might portray a...
 © Parikiaki 2017
Cyprus is classified amongst the countries with a per capita income below the European Union average, according to the figures released by the European Statistical Office. Cyprus lags 20% behind in per capita income in relation to the EU average rate, while it records among the lowest positions with regards Eurozone countries.

These figures clearly illustrate that the austerity policies that have been implemented, particularly in the countries of the European periphery, have deteriorated the living standards of the majority of people.

More specifically in Cyprus, the improvement...


Some Cyprus economic indicators might portray a picture of prosperity, however conditions in the real economy and society remain very difficult


The contents of this article including any associated images are © Parikiaki 2017

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