Gaza will need a new “Marshall Plan” to recover from the conflict between Israel and Hamas, a U.N. trade body…
EC revises Cyprus GDP growth forecast upwards for 2024-2025
The European Commission published its Winter 2024 Economic Forecast for countries of the bloc, lowering the growth outlook for this…
Outlook for 2024: Automation tools and AI in the financial services industry
By Stefanos Mistrellides* In 2024 significant changes and transformations are expected to happen from the impact of advanced automation tools…
Explainer: European banks and their $1.5 trillion commercial property headache
European banks have about 1.4 trillion euros ($1.50 trillion) in loans to the troubled commercial property industry, amid a steep…
AKEL proposes measures to cut energy cost
Three measures to reduce electricity costs and three measures of structural nature are proposed to the government by AKEL. Specifically,…
Mavrides: Internships should be treated as “genuine work”
MEP Costas Mavrides (AKEL–S&D) made an intervention in the debate on “Quality internships in the EU” at the plenary session…
Unions criticise CERA over energy price dispute
“With concern, we observe the turmoil deliberately created by the President of CERA (Cyprus Energy Regulatory Authority) towards the newly…
Hershey and Cadbury chocolate makers eye price hikes to cover cocoa crunch
The makers of Hershey HSY.N and Cadbury chocolates are planning more price hikes to cover a fresh record-setting surge in…
GDP growth at 2.1%, according to CyStat
GDP growth in Cyprus was recorded at 2.1% in the fourth quarter of 2023, compared to 2.3% in the same…
Inflation hits Valentine’s Day goods
The data for January 2024, collected by CyStat, show an increase of 0.7% to 9.7% in the prices of basic…