Three insurance companies, Aviva AV.L, Phoenix Group and Zurich, quit the Confederation of British Industry on Friday as a fresh…
Regulatory body sets limit to price EAC can buy renewable energy
The Cyprus Energy Regulatory Authority (CERA) has put an end to the Electricity Authority of Cyprus practice of paying high…
Cypriot companies affected by US-UK sanctions “facing operational issues”
Cypriot service providers included in sanctions lists issued by the US and the UK as sanctions-busting enablers are “facing operational issues,”…
EU hourly wages & salaries increased by 4.4% in 2022
In 2022, the average hourly wages and salaries in the whole economy were estimated to be €22.9 in the EU and €25.5…
Jet2 confident on summer as holiday demand stays strong
Jet2, Britain’s biggest tour operator, upgraded its annual profit forecast and said trading for the coming summer was encouraging with…
Melco launches “Cultural Ambassadors” programme for its personnel
Melco Cyprus has launched its “Cultural Ambassadors” programme in partnership with the Limassol Tourism Board. According to a press release…
Annual inflation rate in Cyprus drops to 6.1%
The annual inflation rate in Cyprus was 6.1% in March 2023, down from 6.7% in February, according to data released…
Cyprus-based firm to acquire Tao Group Hospitality for $550 million
Mohari Hospitality, a Cyprus-based investment firm announced that it will acquire Tao Group Hospitality in a $550 million deal. Tao…
Average price of new apartment in Tokyo surpasses $1 million
The average sales price for newly-built apartment units in Japan’s metropolitan Tokyo area jumped to 143.6 million yen ($1.07 million)…
Spain to help young citizens fly the nest with foreclosed homes
Spain is aiming to help millions of young adults still living with their parents to rent their own homes by…