The House of Representatives has unanimously passed an emergency bill cutting the excise duty on motor fuels by 8.33 cents…
European shares fall as hopes of end to Middle East war fade
Europe’s main stock index fell on Thursday, as hopes for peace in the Middle East conflict faded after U.S. President…
Cyprus strikes deal on €245m Social Insurance Fund debt with new repayment plan
With €245 million in overdue Social Insurance Fund contributions sitting uncollected, the government and parliamentary parties struck a last-minute compromise…
Silicon Valley giant to launch Cyprus Innovation Centre as government signals tourism recovery
Silicon Valley innovation giant Plug and Play Tech Center will officially launch its Cyprus Innovation Centre at the Presidential Palace…
Cyprus hotel season opens tomorrow with wage subsidy deal still unresolved
The government and Cyprus’s hotel industry are in a race against time to agree on a wage subsidy scheme before…
Celestyal pulls all April cruises over Iran war
Celestyal, a member of the Cyprus-based travel and tourism group Louis plc, has cancelled all its April 2026 sailings after…
Tourism reliance makes Cyprus more exposed to Middle East crisis than Greece, rating agency warns
Cyprus is already seeing a more intense decline in travel demand and higher cancellation rates than Greece as a result…
Petrol ‘should cost €2 a litre,’ Cyprus parliament hears
Households paying €25 for an LPG cylinder, fuel prices that rise like a “rocket” and drop like a “feather,” and…
Soaring fuel costs push airlines to cut flights and raise ticket prices as profit forecasts darken
Airlines are slashing capacity and raising fares after a doubling in jet fuel prices since the outbreak of the Iran…
Cyprus and Egypt sign gas framework deal covering Kronos and Aphrodite fields
Cyprus and Egypt have reaffirmed their commitment to developing two Cypriot offshore gas fields via Egyptian infrastructure, with a new…