The Minister of Labour, Yiannis Panayiotou, has unveiled a proposal aimed at providing financial relief for retirees. This proposal centres…
Reduction in fuel prices set to be delayed
The implementation of a fuel tax reduction, originally slated for November 1, will be delayed by a few days, pending…
Bank deposits in Cyprus on the rise, but not from households
The total value of deposits in Cyprus witnessed a substantial increase of €87.7 million in September 2023 but it came…
Impact on Cyprus economy from Israel-Hamas war constantly monitored
Cyprus’ economy may be resilient enough to withstand the fallout from the conflict between Israel and Hamas but the dangers…
S&P Global revises Israel’s outlook to ‘negative’
S&P Global revised Israel’s outlook to “negative” from “stable” on Tuesday, citing risks that the Israel-Hamas war could spread more…
As the Israel-Hamas war rages, global finance chiefs in Saudi sound gloomy note
Wall Street’s top financiers struck a pessimistic tone about the global economy at a flagship gathering in Saudi Arabia aimed…
Over two-thirds of people in Cyprus continue living in households they own – Eurostat
Over two-thirds of people in Cyprus continue living in households owning their home, according to latest data by Eurostat. Specifically,…
The consequences of the new war are uncertain
The Ministry of Finance predicts a further rise in fuel prices and new problems in supply chains as a result…
ANALYSIS-Middle East throws central banks yet more unknowns
After months playing catch-up with inflation, central bankers were starting to believe they have finally pegged interest rates at just…
Taxpayers pay €1.5 million for the sewerage system of T/C buildings
For years, taxpayers have been paying not only the fees for connecting Turkish Cypriot properties to the central sewerage systems…