The parliament of Cyprus initiated a three-day deliberation on Monday to approve the 2024 state budget, the first under the administration of President Nikos Christodoulides, who took office in February this year.
Cyprus’ GDP growth rate for 2023 will be 2.4% and annual inflation is anticipated to reach 3.9%, with the island’s economy displaying resilience under pressure from hiking interest rates and uncertainty caused
After extensive deliberations and preparations spanning several weeks, Israel has approved the establishment of a humanitarian aid corridor between Cyprus and Gaza, marking the launch of the first mission of the government’s
It took several years of hard-fought negotiations among social partners in Cyprus to conclude a national minimum wage, set in stone earlier this year, with an option to increase it in the
Russian investor returns with ‘Larnaca Tower’ plans, boosting city’s transformation Larnaca’s pursuit to catch up with the rapid development in other towns could get a significant boost from the return of
By Nick Kochan Western law enforcement agencies are closing the loopholes in sanctions policies in a bid to ratchet up the pressure on anyone seeking to circumvent sanctions on Russia. A period
In a previous article I reported on the introduction of a new tax on the sale of real estate (which is the responsibility of the seller) and wondered how the Government that
Unions and employers failed to agree to a common increase in the national minimum wage on Friday, with Labour Minister Yiannis Panayiotou calling stakeholders to a new meeting next week, days before
Capital Intelligence Ratings has revised the long-term foreign currency rating (LT FCR) and bank standalone rating (BSR) outlook of Hellenic Bank (HB) to ‘positive’ from ‘stable’. HB’s core financial strength (CFS) rating
Cyprus Transport Minister Alexis Vafeades announced that this year’s passenger traffic at airports will go down in the history books as it surpassed the record set in 2019. In a statement on
