European banks have about 1.4 trillion euros ($1.50 trillion) in loans to the troubled commercial property industry, amid a steep…
AKEL proposes measures to cut energy cost
Three measures to reduce electricity costs and three measures of structural nature are proposed to the government by AKEL. Specifically,…
Mavrides: Internships should be treated as “genuine work”
MEP Costas Mavrides (AKEL–S&D) made an intervention in the debate on “Quality internships in the EU” at the plenary session…
Unions criticise CERA over energy price dispute
“With concern, we observe the turmoil deliberately created by the President of CERA (Cyprus Energy Regulatory Authority) towards the newly…
Hershey and Cadbury chocolate makers eye price hikes to cover cocoa crunch
The makers of Hershey HSY.N and Cadbury chocolates are planning more price hikes to cover a fresh record-setting surge in…
GDP growth at 2.1%, according to CyStat
GDP growth in Cyprus was recorded at 2.1% in the fourth quarter of 2023, compared to 2.3% in the same…
Inflation hits Valentine’s Day goods
The data for January 2024, collected by CyStat, show an increase of 0.7% to 9.7% in the prices of basic…
Germany to slash 2024 economic growth forecast to 0.2%, source says
The German government will slash its economic growth forecast for this year to just 0.2% in a report due to…
Disabled employment surged in COVID; 2024 less certain
COVID-19 changed the trajectory of Lucy Trieshmann’s budding legal career. Having Ehlers-Danlos syndrome, a rare inherited disorder, Trieshmann found in-person…
President outlines strategies for addressing labor shortage
Any decision concerning the country’s economy will be based on the triptych of “fiscal stability and responsibility, stable and healthy…