ECONOMY

Cyprus FinMin warns EU economy in for rocky ride

Cyprus FinMin warns EU economy in for rocky ride

Cypriot Minister of Finance Constantinos Petrides said on Monday the next few years would be difficult for Cyprus and the entire European Union.

Provisional figures released last week by Eurostat showed that inflation in Cyprus rose by 8.6% in April on a yearly basis, 2.4 points higher than the increase in March. [Xinhua]