Cyprus is moving to close legal loopholes that let foreigners buy property through local companies without government approval, after the…
Ayia Napa to hike fees for sunbeds, umbrellas in first price rise in decades
The Municipality of Ayia Napa is set to increase the cost of beach services for the first time in two…
Cyprus housing loan rates hit two-year low as eurozone gap narrows to 0.23%
Cyprus housing loan rates dropped to their lowest level in two years in December, narrowing the gap with the eurozone…
State extends reduced electricity VAT until March 2027
Cyprus has extended reduced VAT on household electricity until 31 March 2027 after the government found supply prices have not…
EAC rolls out smart meters across all districts throughout February
The Electricity Authority of Cyprus has announced that its mass smart meter installation programme continues throughout February across all districts.…
UCY construction projects delayed by six years as costs surge €15.2m
The Auditor General found multi-month delays that not only increased initial estimated costs but caused other problems in three major…
Farmers clash with government over €110,000 water bills for decade of borehole use
Farmers are confronting the government over water bills reaching €110,000 after authorities demanded retroactive payment for a decade of borehole…
Nicosia EOA to manage Kotsiatis landfill biogas as 325,000 permit files tackled
The Nicosia District Local Government Organisation is ready to manage the restored Kotsiatis landfill to harness biogas trapped within it,…
Dollar holds gains on economic data, Fed bets; Aussie jumps on RBA hike
The dollar held its gains on Tuesday as positive economic readings and shifting expectations for Federal Reserve policy outweighed concerns…
EU ministers meet in Cyprus this week as critical minerals plan fails to deliver results
EU ministers will meet in Cyprus this week to discuss the bloc’s declining competitiveness as auditors delivered a damning assessment…