Commercial banks are continuing efforts to improve public service regarding transactions and cash provision following branch closures in mountainous and…
Food prices surge 17.7% over four years despite inflation slowdown
High prices remain stubbornly attached to basic products and are even slower to return to levels of four years ago,…
Cash will not easily leave the market despite rise in digital payments, says ECB
Cash will not abandon the market so easily despite digital payments increasing and people using banknotes and coins less frequently.…
Bank of Cyprus invests in the future of technology by supporting TechIsland
TechIsland, the largest tech association in Cyprus, is pleased to announce its new collaboration with Bank of Cyprus, which is…
Rolling power cuts begin tonight as electricity grid collapses
The Electricity Authority of Cyprus has started disconnecting consumers from the electricity network in rotating cuts lasting up to 30…
Power cuts possible tonight as electricity demand reaches critical levels
The Cyprus Transmission System Operator (TSO) has warned that electricity demand coverage will be marginal tonight between 18:30 and 22:00,…
Electricity grid under severe strain as power cuts hit thousands during heatwave
Cyprus’s electricity system came under severe strain on Monday evening as thousands of households in mountain Limassol and Nicosia lost…
Thousands of taxpayers escape liability due to six-year limitation
Cyprus has lost potential state revenue after thousands of tax assessments exceeded the six-year legal deadline within which authorities can…
Properties: costs per square metre for houses, apartments, hotels
Hotels recorded the highest construction costs per square metre in Cyprus, followed by clinics and medical centres and tourist apartments,…
Cypriot students face steep rental costs as housing demand outstrips supply
Thousands of Cypriot students preparing for university are confronting prohibitive rental costs as accommodation prices remain elevated across both Cyprus…