European shares extended gains on Wednesday as a lower inflation reading from France, the euro zone’s second-biggest economy, and better-than-expected…
Turkey announces cheaper mortgages in latest Erdogan election push
Mortgages with lower rates and longer maturities will be offered to middle income Turks looking to buy new housing, Turkish…
Dollar jumps to two-week high, euro slides
The euro was on track for its biggest one-day drop since September as German inflation eased in December, while the…
Tourists from Switzerland, USA, Norway and Austria spent the most
Tourists from Switzerland, USA, Norway and Austria spent the most per capita during their holidays in Cyprus in October, with…
Britain’s renewable power hits new peak, fossil fuel also rises
Renewable power sources generated 40% of Britain’s electricity in 2022, up from 35% in 2021, while the share of fossil…
Small decrease in total bank deposits in November
Deposits in banks in Cyprus registered a small decline in November following three months of increase, dropping to €51.7 billion,…
Decree on minimum initial monthly gross salary in effect in Cyprus on Jan 1 but still vague
As of 1st of January 2023 the decree which sets the minimum initial monthly gross salary to €885 for every…
Second phase of electric vehicle subsidy scheme announced
The Transport Ministry on Wednesday announced the second phase of the scheme subsidising the purchase of electric vehicles. The scheme…
Russian rouble falls to 70 vs dollar as sanctions weigh
The Russian rouble weakened on Tuesday, struggling to consolidate a slight recovery from last week’s slide as the market comes…
Soft drinks production plant costing €12 million to be built in Ypsonas
The largest beverage company based in neighboring Lebanon, Kassatly Group Holding, has started construction work on a new factory in…