In April, economic sentiment deteriorated, weighed by a three-year low in consumer confidence battered by a cost-of-living crisis and weaker business activity, according to a University of Cyprus index. The university’s Economic
The government will remove VAT on some foodstuffs to relieve households from inflationary pressures and a hike in interest rates, announced Finance Minister Makis Keravnos. Despite March seeing the lowest inflation rate
The last Cypriot citizen airlifted from war-torn Sudan has arrived in Cyprus on an RAF flight carrying rescued Britons. Another seven Cypriots are currently making their way to Egypt by land, according
Authorities on Thursday launched an investigation into the causes of the fire at the Russian Cultural Centre, which Russian diplomats have attributed to a ‘terror attack’ on the building. Police told the
An apologetic Cyprus Airways said it’s facing unexpectedly high call volumes and doing its utmost to service its customers as soon as possible. The airline has provided additional resources to its customer-facing
Nicosia will establish a supervisory authority to control damage inflicted on the island’s reputation as a business destination, following UK and US sanctions on Cypriot service providers. President Nikos Christodoulides has met
A large fire caused extensive damage to Cyprus’ landmark Russian Cultural Centre in the heart of the capital Nicosia with authorities not ruling out malicious intent, the fire service said Wednesday. The
More than 500 athletes and support staff are expected to participate in the highly anticipated cycle race L’ Étape Cyprus by Tour de France in November. The Cypriot edition of the L’
Main opposition party DISY is attempting to keep a state subsidy on fuel prices at the pumps by tweaking a Finance Ministry bill aiming to halve it in May. In April, the
Finance Minister Makis Keravnos’ efforts to convince banks to absorb shockwaves triggered by a hike in interest rates seem to be paying off, as banks agree to alleviate pressure on households. According
