Economy

Economy

Minister asks for more time on Larnaca port and marina

Transport Minister Evi Tsolaki has asked parliament for time until the end of the year to present a comprehensive...
Economy

Cyprus inflation hits 5.4%, up from 0.2% a year ago

Cyprus’s annual harmonised inflation rose to 5.4 per cent in October, up from 5.2 per cent in September and...
Economy

Larnaca agreement paves way for investment from Bahrain

Larnaca signed a twinning agreement on Tuesday with Manama, the capital and largest city of Bahrain, effectively becoming the...
Economy

Cyprus state hospital staff offered 2.75% rises ahead of strike

Cyprus’s State Health Services Organisation (SHSO) has offered state hospital staff across-the-board pay rises of 2.75 per cent for...
Economy

Fuel tax cut could be extended to March, minister says

A proposal to extend the reduction in motor fuel tax rates, possibly until March 2027, will go before the...
Economy

Student grant worth half what it should be, MPs told

The student grant is worth half what it should be, the House Education Committee heard on Wednesday, as it...
Economy

Cyprus tax take climbs but infrastructure investment drops by 12.1%

Cyprus’s fiscal surplus rose to 1,609.7 million euros in the first nine months of 2026, equal to 4.0 per...
Economy

Cyprus air fares to rise due to Iran war as fuel costs skyrocket

Airfares look increasingly likely to rise further as the US-Iran war unsettles energy markets, with Lufthansa saying on Tuesday...
Economy

Freedom24 plans Geneva office for Q1 2027, deepening ties with Swiss finance and research

The European investment platform outlined its plans following a Geneva discussion on connecting Swiss AI research with capital, computing...
Economy

Construction unions threaten action over third-country worker permits

Construction unions have threatened action over a Labour Ministry decision to renew permits for third-country workers at firms that,...
Economy

Kinisis Ventures joins $1.8M pre-seed round in Janus Labs AI, pioneer of contactless neural AI for pet health

Janus Labs AI, the company pioneering a new category of neural AI-powered pet health technology and future interspecies communication,...
Economy

Politician helped ineligible people get POW allowance, MPs told

The head of the Pancyprian Association of 1974 Prisoners of War has told parliament that a politician helped people...
Economy

Central Bank orders banks to hold extra 1% capital buffer

The Central Bank of Cyprus (CBC) will require all banks to hold an extra capital buffer of 1 per...

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