The Commission has decided to send a reasoned opinion to 11 countries, including Cyprus, for failing to nationally transpose EU rights on Work-Life Balance for parents and carers. The process could result
Annual real estate transactions continued to rise in the first three months of the year, as sales documents submitted are 51.1% higher than those recorded in the same period pre-COVID 2019. According
Finance Minister, Makis Keravnos, has asked the Association of Cyprus Banks and the Credit Acquiring Companies for measures to contain rising interest rates for loans up to €350,000 or borrowers will be
Nicosia is preparing a road map to protect the country’s international reputation, following US and UK sanctions on Cypriot financiers accused of helping Russian oligarchs hide their assets after the Ukraine war.
Cypriot motorists are turning to greener vehicles, as sales of electric and hybrids have doubled in the first three months of the year compared to 2022. According to the latest data, sales
By Craig Erlam Inflation remains a major concern for central banks and recent data highlights just how far there is to go, something policymakers will be hoping changes very soon. Major headache
The annual inflation rate in Cyprus was 6.1% in March, down from 6.7% in February, according to data published by Eurostat. The Harmonized Index of Consumer Prices (HICP) rose by 6.1% since
The government is considering removing VAT on some foodstuffs to relieve households from inflationary pressures and a hike in interest rates. Despite March seeing the lowest inflation rate for 13 months, households
President Nikos Christodoulides will visit fellow EU member states to encourage more active European involvement in breaking the six-year deadlock in Cyprus problem talks. “We consider the situation at this juncture favours the
The Bank of Cyprus is the first bank in the country and Greece to receive approval from the European Central Bank (ECB) to pay dividends. The lender is expected to resume paying
