Speaking from Nicosia, BusinessEurope president Fredrik Persson – who leads Europe’s largest confederation of employers and business federations – sent…
Kiosk owners demand Cyprus exemption from EU tobacco tax directive over smuggling fears
Kiosk owners are demanding the Republic of Cyprus be exempted from a proposed EU directive that would increase taxation on…
Christodoulides heads to Lebanon as energy giants eye more Cyprus gas blocks
Energy giants have shown interest in operating in more blocks within the Republic of Cyprus’s Exclusive Economic Zone, President Nikos…
Cyprus pork prices stay high despite 29% drop in producer costs
Producer prices for pork have plunged nearly 30% over the past year, but shoppers are seeing little benefit at the…
Cyprus tax reform sets income thresholds for new deductions
Taxpayers will qualify for additional tax deductions covering children, students, green initiatives and mortgages under strict income conditions in the…
Cyprus set to gain geostrategic value from energy projects, expert says
The Eastern Mediterranean has once again become the focus of strong, predominantly American interest, as new energy projects and planned…
EasyJet announces direct Paphos-Liverpool flights
Budget carrier easyJet will launch flights between Liverpool and Paphos next summer. The airline will operate twice-weekly services to the…
Cyprus rent prices continue to climb despite government housing reforms
Rising rents show no sign of stopping in Cyprus. Despite government actions and announced measures aimed at strengthening the housing…
Cypriots spent €300 million on domestic tourism
The number of Cyprus residents who traveled both domestically and abroad increased by 30.8% in 2024 compared to 2023, according…
Fitch upgrades Cyprus economy prospect to positive, government says more to come
The US credit rating agency kept the rating at A-, but upgraded the economy prospects from stable to positive, which…