The government welcomed parliament approving the 2023 state budget, the last tabled by the 10-year administration of outgoing President Nicos Anastasiades. The President extended his gratitude to most parliamentary parties for voting
Finance Minister Constantinos Petrides made a bold declaration this week, telling investors that Cyprus can be a financial hub in the eastern Mediterranean and very soon become a ‘triple A’ economy. But
Cyprus Electricity Authority staff staging a 12 hour-strike Wednesday were accused of exploiting the pre-election period at the public’s expense. Trade unions are protesting the government’s “unwillingness to hire the necessary staff
The government will intervene to keep a lid on the price of essential goods amid rising inflation, which is driving the cost-of-living crisis. The cabinet has greenlighted a bill that will oblige
Earlier in the week, President Anastasiades almost admitted he had made mistakes during his 10-year tenure but said his reforms would stand the test of time. He didn’t ponder his political misdemeanours,
Government efforts to protect the rights of the LGBTQ+ group have gone from words to deeds, argued Justice Minister Stephie Dracou at the 8th Pride Parade in Nicosia. She said the Cabinet
If we are lucky enough, we might spot the zombie government slowly waking up from its summer hibernation combined with effortless inertia to leave the country on auto-pilot. It seems to be
Businesses are urging authorities to quicken Cyprus’ transition to a greener economy to fight back against the rising energy costs. The Cyprus Federation of Employers and Industrialists (OEB) has forwarded five proposals
The government spent an additional €2 bln in the past two and a half years to support the economy struck by the coronavirus pandemic, which subsequently suffered blows from the Ukraine war
A new €50 mln package to support households and businesses from soaring electricity prices was announced by the government to reduce bills expected to rise by 25%. It will cover 50% to
