Increased mortgage rates have dashed dreams of owning a home, leaving many in a catch-22 situation as rents are rising, exceeding what families pay in monthly instalments for a housing loan. Interest
Tourism stakeholders hope to build on the tourist revival in 2022, although the ongoing COVID pandemic and instability created by the Ukraine war have them on edge for the new season. Hoteliers
Construction of a liquefied natural gas (LNG) terminal at Vassiliko is stuck after a dispute between the government and the consortium implementing Cyprus’ largest energy project. With long delays already under its
Her Royal Highness, Princess Royal, Princess Anne, will visit the Republic of Cyprus, the United Nations Buffer Zone and the British Bases at Dhekelia on January 10-11. The visit – an invitation
Brussels hinted at approval for the mortgage-to-rent scheme for distressed borrowers, urging Cypriot authorities to create a company dedicated to managing it. The European Commission’s Directorate-General of Competition has instructed the Ministry
Archbishop Georgios has officially assumed his duties following Sunday’s enthronement ceremony at Nicosia’s Cathedral of Apostle Barnabas. The Paphos Bishop is now the leader of the Cyprus Orthodox Church following the death of
As the government stumbles along, to avoid making any hard, unpopular decisions, it’s trying to garner maximum credit for any modicum of success achieved in the past decade. It goes without saying
After years of disagreements, heated debates and name-calling, the national minimum wage finally came into being on 1 January, ensuring an additional 40,000 workers in the private sector take home decent pay
Cyprus is heading into an uncertain 2023, but economists argue the economy can remain resilient, as it has proven in the past. In comments to the Financial Mirror, economist Marios Soupashis said
Cypriots strolled into 2022 hoping to see better days following two years of COVID restrictions; instead, they braved hiking inflation powered by the Ukraine war eating away at their purchasing power. Also,
