Cyprus: Slashed VAT expected to 'bring inflation and prices down' says Finance Minister
Cyprus: Slashed VAT expected to 'bring inflation and prices down' says Finance Minister

While inflation rates have fallen in Cyprus for a sixth consecutive month, consumer prices went up by 0.3 per cent in April after a 1.02 per cent rise in March.

In an interview with Euronews, Finance Minister Makis Keravnos explained the move to cut costs.