Cyprus is among the Mediterranean destinations taking a hit to holiday bookings as the US-Israeli war with Iran ripples through…
EU Parliament greenlights new package travel rules to protect holidaymakers
The European Parliament has greenlighted updated rules on package travel, strengthening consumer protections on refunds, vouchers and cancellations, with legislators…
Hormuz disruption could hit Cyprus beyond fuel prices, economist warns
Cyprus will not introduce precautionary measures in response to the Middle East conflict for now, Finance Minister Makis Keravnos said…
EU approves €21.2 million payment to Cyprus under Recovery and Resilience Facility
The European Commission announced on Thursday that it has disbursed €21.2 million to Cyprus as the fifth payment under the…
EU countries cap fuel prices as Cyprus watches and waits
The conflict in the Middle East is sending shockwaves through global energy markets, with oil prices surging past $100 a…
Cyprus Energy Minister vows action against unjustified fuel price hikes
Cyprus’s Energy, Commerce and Industry Minister Michael Damianos has said that his ministry is ready to intervene immediately if unjustified…
Business as usual for Cyprus banks, despite Iran war
Cyprus’ banking operations remain normal, with customers continuing to seek loans amid the ongoing Middle East conflict. This is the…
Audit delays: Cyprus faces 6,734 pending financial statements from public organizations
Cyprus is grappling with significant delays in the submission of financial statements from public organizations, including municipalities, community councils, and…
EU governments implement fuel price caps to mitigate impact of global energy crisis
The ongoing unrest in the Middle East has triggered a global energy crisis, with oil prices soaring, at one point…
Cyprus government calls out “exaggerated” foreign media coverage as tourism season hangs in the balance
President Nikos Christodoulides chaired an emergency meeting with tourism sector stakeholders at the Presidential Palace on Wednesday, as the government…