In 2022, people in Cyprus saved on average 6.51% of their disposable income, Eurostat data show. This was among the…
Sam Altman restored as OpenAI CEO after his tumultuous ouster
ChatGPT-maker OpenAI has reached an agreement for Sam Altman to return as CEO days after his ouster, capping frenzied discussions…
Employers association opposes change to store opening hours
The Cyprus Employers and Industrialists Federation (OEB) has voiced its opposition to any proposed changes to store operating hours, ahead…
Euro zone to tighten fiscal policy in 2024, some still to spend too much -Commission
Euro zone fiscal policy will be tighter on aggregate next year but several countries, including France and Italy, plan to…
Sterling hits 10-week high, BoE officials reiterate higher-for-longer stance
The British pound hit a 10-week high against a weaker U.S. dollar on Tuesday as Bank of England Governor Andrew…
MGI beneficiaries to receive rent and housing subsidies
The Deputy Ministry of Social Welfare has declared that today, the Benefits Management Service (YDEP) will commence the disbursement of…
SEK criticises government, calls for clear minimum wage hourly rate
The Cyprus Workers’ Confederation (SEK) has expressed dissatisfaction with the current government’s approach to social dialogue, according to a resolution…
Industrialists, craftsmen face excessive rent increases
A refugee entrepreneur, who was paying the state €2,500 annually for land in the industrial area of Strovolos, found himself…
Final Decisions for ‘Aphrodite’ gas field to be made today
The final decisions regarding the development of the ”Aphrodite’ gas field are expected to be made today, as the government…
Labour minister unveils policy priorities, 2024 budget
This morning, Minister of Labour, Yiannis Panayiotou, outlined the fundamental policy priorities of the Ministry and presented its budget for…