In July 2023, Cyprus saw a decline in its annual inflation rate, dropping to 2.4% from 2.8% in June 2023…
August hotel bookings around 95%, says hoteliers president
The ongoing tourist season is going well and booking rates are high, President of the Cyprus Hotels Association (PASYXE) Thanos…
US warns space companies about foreign spying
U.S. counterintelligence agencies on Friday warned the American space industry to guard against efforts by foreign intelligence entities to steal…
Neo Plaza outlet mall put up for auction
The Neo Plaza outlet mall in Kokkinotrimithia has been put up for auction, according to Insider. The reserved sale price…
H&M says it will “phase out” sourcing from Myanmar after abuse reports
The world’s second-biggest fashion retailer H&M HMb.ST has decided to gradually stop sourcing from Myanmar, it told Reuters on Thursday,…
Unemployment in Cyprus drops but cost of benefits still high
The unemployment rate in Cyprus may continue to be low but the cost of offered benefits remains more or less…
Italy shocks banks with 40% windfall tax for 2023
Italy dealt a surprise blow to its banks and sent shockwaves across the sector in Europe by setting a one-off…
UK raises national security concerns over EDF deal to buy GE nuclear turbine unit
The British government on Monday raised potential national security concerns from French state-owned utility EDF’s EDF.PA deal to buy General Electric’s GE.N nuclear turbine…
Fuel prices on the rise: Consumers in Cyprus feel the pinch
One pressing topic takes centre stage in many discussions this summer: the escalating cost of fuel compared to last year…
Occupancy rate in July up to 85%, hoteliers say
Hotel occupancy rates for July ranged between 80% and 85%, with even more promising results anticipated for August, the head…