Average monthly earnings decline 3.3%

The average gross monthly earnings of Cyprus employees during the first quarter of 2021 reached €1,880 compared to €1,945 during Q1 2020, recording a decrease of 3.3%. According to the Statistical Service,

It may be too late for Varosha

Cyprus talks Greek Cypriot negotiator Ambassador Andreas Mavroyiannis fears it could be too late to save Varosha and reunification if something is not done very soon. He said what is happening in

Delayed Cyprus energy drills to resume in November

Cyprus’ COVID-delayed natural gas drilling programme will resume in November-December with US oil major ExxonMobil expected to drill in block 10, Energy Minister Natasa Pilides said. Briefing a parliamentary committee on Cyprus’s

Cyprus rebrands tourism image

Cyprus has rebooted its tourism image to shake off the negative effects of coronavirus, which has blighted the industry for 15 months by diversifying its product and prolonging the season. Remodelling its

House prices stable, property rentals drop

Cyprus real estate prices & rentals recorded quarter-on-quarter drops across most property categories, but house values remained stable, according to consultancy firm WiRE FS. Paphos had some of the biggest quarter-on-quarter drops

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Cyprus Casinos celebrate third anniversary

Cyprus Casinos “C2” celebrates three years since the first authorized casino in Limassol opened its doors in the Republic on 28 June 2018. Committed to contributing to the sustainable growth of the