Labour unions rejected the mediation proposal by the Cyprus labour minister, aimed at avoiding an all-out conflict in the hotel sector, citing that the collective agreement should have a more solid legal
The governor of the Central Bank of Cyprus (CBC) Chris Patsalides issued a startling warning last week for banks to reconsider their pricing strategy. He warned that banks should consider social dimensions
By Nick Kochan Cyprus was once a congenial bolthole for Russians who sought security for their business, with minimal controls or taxes. The coastal resort of Limassol was dubbed ‘Little Russia’ and
By Marios Konstantinou For decades, buyers without title deeds have beset the Cyprus property market. Thus, the House of Representatives intervened with legislation to protect the buyer of land and other real
By Nick Kochan Thomson Reuters Regulatory Intelligence Analysis Cyprus’s financial services compliance and enforcement organisations have been undergoing root-and-branch reforms, but the island’s regulation remains overshadowed by a legacy of largely Russian financial
Qatar is planning to build a new generation of the world’s biggest LNG ships, the largest ethane cracker in the Middle East at 2.08million/year, and what is intended to be the world’s
OPEC+ has delayed plans to ease production cuts from October to December by two months, aiming to stabilise falling crude oil prices. With global markets remaining in deficit, oil prices are now
In less than two weeks, the Supreme Court of Cyprus will decide the fate of the Auditor General following charges filed against him by the government for improper behaviour. Odysseas Michaelides has
Industrial production in Germany is higher than industrial production in France and Italy combined. However, the self-inflicted demise of German industry is having profound and serious consequences for entire the EU. Germany’s
The island’s residential market is cooling down for the first time in four years, despite significant annual increases in property prices and rents across Cyprus. Recent quarterly data suggest that this slowdown
