The Cyprus government keeps cards close to its chest when it comes to upcoming new fuel taxes as part of…
Spanish airline Air Europa hit by credit card system breach
Spanish airline Air Europa said on Tuesday it suffered a cyberattack on its online payment system that let some of…
Crisis in Israel could strike a serious blow to Cyprus’ economy
It’s one blow after another for the Cyprus economy in recent years – mostly from external factors – with the…
Bank of Israel to sell up to $30 bln of forex to stabilise shekel
The Bank of Israel said on Monday it will sell up to $30 billion of foreign currency in the open…
Cyprus Airways waives ticket reissue fee for traveling to & from Tel Aviv
The flight schedule of Cyprus Airways to Tel Aviv continues as normal, while at the same time, the further increase…
Gender gap economist Claudia Goldin wins Nobel prize
American economic historian Claudia Goldin won the 2023 Nobel economics prize for her work examining wage inequality between men and…
Middle East conflict adds new risks to global economic outlook
The outbreak of military conflict in the Middle East may leave central bankers battling new inflationary trends as well as…
United Arab Emirates interested in Prometheas
The floating natural gas storage and regasification unit (FSRU) Prometheas is currently undergoing the last technical inspections and the necessary…
Tax deductions of millions to thousands of golden boys
Last June, the Parliament adopted a bill with further relaxations for third-country workers who are paid high wages. The changes…
Cyprus: €500m lost revenue in past five years from reduced VAT rate on main residence
Cyprus lost some €500 million in revenue in the past five years from the 5% reduced VAT rate on the…