After navigating through three years of supply chain difficulties, the European automotive industry has witnessed a turnaround in 2023. The…
Global watchdog to report in October on how social media fuels bank runs
Global financial regulators will present the G20 in October their findings from a “deep dive” on how social media can…
To rent or to buy? Tough choices as prices surge
Amid record-high property prices, a pressing question looms over thousands of citizens, particularly young couples: to rent or buy a…
London transport fares frozen to ease cost-of-living pressures
Most public transport fares in London will remain the same this year, in a move aimed at easing cost-of-living pressures…
Explainer: What does Red Sea disruption mean for Europe’s economy?
Weeks of attacks by Iranian-backed Houthi militants on vessels in the Red Sea have disrupted shipping in the Suez Canal,…
Hoteliers satisfied with reservations ahead of tourist season
The leader of the Cyprus Hotels Association (PASYXE), Thanos Michaelides, expressed his satisfaction with the progress of reservations for the…
ENI’s “Cronos-2” Drill confirms gas reservoir discovery
ENI’s drilling in the “Cronos-2” target within Cyprus’ exclusive economic zone (EEZ) in block 6 appears to have yielded a…
Wage demands surge as hospitality workers aim for fair share amid tourism boom
Hotel worker unions are pushing for salary increases and benefits as the tourism industry experiences a significant upturn. This initiative…
Government to issue Blue Cards for skilled foreign workers
The Republic will issue a Blue Card to highly skilled workers from third countries coming to Cyprus for employment, according…
Loans remain expensive
Businesses adopted the same strict criteria in the third quarter of 2023, but for households, both housing and consumer loans…