Turkish real estate investment fund Trend GYO responded to the U.S. imposition of sanctions on three of its shareholders on…
Ministry pledges €245m for business grants and infrastructure in Paphos; UK key tourism market
The Ministry of Energy, Commerce, and Industry has secured €245 million for the new programming period until 2027. This funding…
Proposed reforms could halve pension penalty for thousands of retirees
The Minister of Labour, Yiannis Panayiotou, has unveiled a proposal aimed at providing financial relief for retirees. This proposal centres…
Reduction in fuel prices set to be delayed
The implementation of a fuel tax reduction, originally slated for November 1, will be delayed by a few days, pending…
Bank deposits in Cyprus on the rise, but not from households
The total value of deposits in Cyprus witnessed a substantial increase of €87.7 million in September 2023 but it came…
Impact on Cyprus economy from Israel-Hamas war constantly monitored
Cyprus’ economy may be resilient enough to withstand the fallout from the conflict between Israel and Hamas but the dangers…
S&P Global revises Israel’s outlook to ‘negative’
S&P Global revised Israel’s outlook to “negative” from “stable” on Tuesday, citing risks that the Israel-Hamas war could spread more…
As the Israel-Hamas war rages, global finance chiefs in Saudi sound gloomy note
Wall Street’s top financiers struck a pessimistic tone about the global economy at a flagship gathering in Saudi Arabia aimed…
Over two-thirds of people in Cyprus continue living in households they own – Eurostat
Over two-thirds of people in Cyprus continue living in households owning their home, according to latest data by Eurostat. Specifically,…
The consequences of the new war are uncertain
The Ministry of Finance predicts a further rise in fuel prices and new problems in supply chains as a result…