Starting next week, the government will finalise the adjustment to the national minimum wage, effective from January 1, 2024, through…
Airport passenger traffic in 2023 sets all-time record
Cyprus’ airports witnessed record-breaking numbers of passenger traffic in 2023, Transport Minister Alexis Vafeadis announced. Specifically, Minister Vafeadis revealed that…
Minimum wage set to increase before Christmas
The procedures for revising the national minimum wage are entering their final stages, with the relevant decree set to be…
ECB leaves rates unchanged, starts pulling plug on bond buys
The European Central Bank left interest rates unchanged as expected on Thursday and signalled an early end to its last…
Oil investors to usher in 2024 amid oversupply, demand concerns
Oil investors will usher in 2024 with gnawing concerns about oversupply, slowing economic growth and simmering Middle East tension that…
Job vacancies in Cyprus record rise compared to last year
The percentage of job vacancies in Cyprus rose during the third quarter of 2023, according to data released by the…
Cyprus Airways: Gaza war led to 41% drop in passenger traffic
The conflicts in the Middle East have negatively impacted Cyprus Airways, with the airline announcing a 41% reduction in passenger…
Elon Musk and SEC to face off in court over Twitter testimony
The U.S. Securities and Exchange Commission will face off with lawyers for Elon Musk in a San Francisco court on…
Japan agrees tax cuts to support households, defeat deflation
The tax reform panel of Japan’s ruling Liberal Democratic Party has agreed on income tax breaks aimed at offsetting the…
German train drivers to go on longer strike after holiday season
Germany’s GDL train drivers’ union said it planned a strike that would last several days after the Christmas holiday as…