The Iran war has created the largest oil supply shock ever in terms of daily production losses but the 1979 Iranian Revolution…
Cyprus and Sweden agree new protocol for double taxation
Cyprus and Sweden both signed a new tax protocol on the third of July in Nicosia, which is amending the…
Cyprus AI platform in talks with universities to bridge graduate-employment gap
Cyprus-based AI recruitment platform Kyprium is in talks with universities across the island to help connect graduates with employers, as…
Low earners could see 50% pension increase, minister says
Low-income pensioners could see their pensions rise by as much as 50% under the government’s pension reform, Labour Minister Marinos…
Why isn’t Cyprus’s cost of living coming down?
Fuel, food and housing costs are keeping inflation high in Cyprus and maintaining pressure on the cost of living, despite…
From a Karavas cart dream to a business empire: the life of Nicos Shacolas
Nicos Shacolas, the businessman who built one of Cyprus’s largest business empires from the foundations of a large family in…
Mercuryo recognised with Great Place to Work® certification, highlighting strength of its remote-first fintech culture
Global payments infrastructure platform Mercuryo, has been certified as a Great Place to Work across five key European markets.. The recognition is based entirely…
Cyprus inflation hits 4% in June, among EU’s highest
Cyprus recorded one of the highest monthly inflation rates in the European Union in June, according to preliminary data released…
No more cash for rent, from today a permanent switch to electronic payment
Cash is no longer accepted for rent payments as of today, 1st July 2026, the Tax Department said, with all…
New EU customs duty on small parcels takes effect today
The European Union introduced a temporary customs duty of three euros per item today on small parcels worth up to…