Rising energy prices driven by the conflict in the Middle East are pushing eurozone inflation back toward danger levels, with…
Bank of Cyprus deal signals new phase in banking consolidation
The Bank of Cyprus’s acquisition of performing loans worth 150 million euros and deposits of 500 million euros from Cyprus…
Half of all new apartment buyers in Cyprus spent between €150,000 and €300,000 in 2025
More than half of all new apartment buyers in Cyprus last year paid between €150,000 and €300,000, while the typical…
Cyprus approves €100m package to shield households and tourism from Iran war side effects
The government yesterday approved a €100 million package of eight measures to counter the economic impact of the US-led war…
Bus drivers walk out over red-light cameras they say put passengers at risk
Bus drivers belonging to the OMEPEGE-SEK and SEGDAMELIN-PEO unions are staging a two-hour work stoppage this morning from 9:00 to…
Foreign investment in Cyprus will get more complicated — here’s what changes on 2 April
Cyprus is introducing its first foreign direct investment screening mechanism from 2 April 2026, giving authorities new powers to approve,…
Tourism support measures fall short, employers federation warns, as sector faces uncertain season
The Cyprus Employers and Industrialists Federation (OEB) has welcomed the support measures announced by the President as a step in…
Gas cylinder price hits €25 with 33% spike in one month
The price of a 10kg gas cylinder in Cyprus has surged to €25 in the last few days, triggering concern…
Halloumi’s protection in EU-Australia deal remains open for future inclusion
The European Commission has clarified the status of halloumi’s protection under the EU-Australia trade agreement, announced on March 24, in…
Cyprus slashes fuel tax, scraps meat VAT and subsidises hotel wages due to Iran war
President Nikos Christodoulides on Thursday announced a package of support measures for households and businesses hit by the war in…