Inflation reached 6.8% in January

The inflation rate dropped by 1.4 percentage points in January, compared to the previous month, as consumers were given a respite from hiking fuel prices. According to the latest data released by

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‘FuelEU’ crucial for sustainable shipping

The FuelEU Maritime regulation is crucial for promoting the uptake of sustainable and scalable fuels in shipping, ECSA President Philippos Philis said. As the guest speaker at the Cyprus Marine Club monthly

LNG terminal delayed again

A new timetable has been set for the long-delayed LNG terminal at Vassiliko, with contractors estimating its completion in October instead of July. Construction of a jetty as part of the Liquefied

COVID19: Test requirement for China arrivals ends

Health authorities have lifted the entry requirement for a negative 48-hour PCR test from all passengers arriving from China. The government imposed the measure on 15 January, as Nicosia adopted EU recommendations

Unions push back at foreign worker quotas

Trade unions are furious over the outgoing government’s unilateral decision to increase the quota of foreign workers a company can employ from 30% to 50%. The Cabinet approved the decision during its

Cypriot leaders hope to reignite peace process

Newly elected President Nikos Christodoulides Thursday held his first meeting with Turkish Cypriot leader Ersin Tatar to try and break the ice on frozen reunification talks. Christodoulides told reporters that Thursday’s meeting

Fed talk with a pinch of salt

By Craig Erlam   Equity markets headed to a positive start to the session, paring Wednesday’s gains as investors digest the latest Fed minutes. The usual caveat applies to the FOMC minutes, being

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Bank of Cyprus revelling in comeback

Bank of Cyprus has “the wind in its sails” and has upgraded its guidance for 2023 after exceeding targets last year, its chief executive officer said, a decade after the island’s biggest