The number of registered unemployed individuals reached 12,662 at the end of November 2023, according to data maintained by the…
Sunak faces bleak economic backdrop to expected 2024 UK election
British Prime Minister Rishi Sunak is facing a bleak economic backdrop to the election he is expected to call next…
FACTBOX-European countries differ over windfall taxes on banks
Some European countries have imposed windfall taxes on banks’ profits to help fund their response to the cost of living…
Labour ministry to address early retirement, minimum wage and rights of self-employed workers
As the new year unfolds, developments are expected regarding adjustments to the 12% reduction for early retirement at the age…
Germany remains Europe’s top destination for foreign direct investment
The number of foreign companies settling in Germany is expected to fall by almost a fifth in 2023 but the…
Overdue payments above EU average
In 2022, a noteworthy 13.6% of Cypriots lived in households with overdue payments on housing loans or unpaid rent and…
Spotify to cut 1,500 employees in third layoff round this year
Music streaming giant Spotify SPOT.N said on Monday that it will lay off around 1,500 employees, or 17% of its…
Paphos civil wedding industry thriving
The civil wedding industry in Paphos, Peyia, and Yeroskipou worked at full capacity during this year’s tourist season, confirming, based…
German economy minister cancels Middle East trip for budget talks
German Economy Minister Robert Habeck on Sunday cancelled a planned trip to the Middle East to focus on talks over…
Cypriot economy sustains growth despite external pressures
The economic growth rate remains robust, standing at 2.5% in the third quarter of 2023 compared to the same quarter…