The new terminal of Larnaca Port is expected to be completed by 2027, the Port Director Paris Dimitriou has announced.…
Sterling drops, timing of Bank of England rate cuts in focus
The pound weakened against the dollar and euro on Wednesday, as markets continued to digest remarks from the Bank of…
Travellers put off holidays to Cyprus, Middle East as Israel-Hamas war rages
Travellers are cancelling or postponing planned vacations to the Middle East and North Africa due to fears of the Israel-Hamas…
Building permits record 7.3% year-on-year drop
In the first eight months of 2023, building permits in Cyprus saw a 7.3% decline compared to the same period…
World wine output to fall to lowest in 60 years
World wine production is expected to fall to its lowest level in 60 years in 2023 due to poor harvests…
Cyprus 4th in EU for plastic bag consumption
Cyprus ranked fourth in the European Union for consumption of lightweight plastic carrier bags in 2021, according to the latest…
China’s Oct exports to Russia continue to grow at double-digit pace
China’s exports to Russia held up well in October, China’s customs data showed on Tuesday, bucking the trend of weakening…
10,000 retirees to receive pension hike according to government proposal
The proposal for changes in the pension system, national employment policies, and the adjustment of the national minimum wage, among…
Israeli interest spurs property value surge in Larnaca, as locals priced out
Property prices in Larnaca have recently surged to levels akin to Nicosia, largely due to heightened interest from Israeli investors,…
War with Hamas to cost Israel above $50 billion, Calcalist reports
Israel’s war with Hamas in the Gaza Strip will cost as much as 200 billion shekels ($51 billion), the Calcalist…