Economy

Economy

Foreign investors in Cyprus must now notify ministry before completing investments as new law takes effect

Foreign investors in Cyprus are now legally required to notify the Ministry of Finance and obtain screening approval before...
Economy

Parliament set to vote on sweeping foreclosure reforms amid constitutional concerns

The parliament will vote Monday on 21 pieces of legislation overhauling the legal framework for foreclosures, guarantors, the Financial...
Economy

Hotels in Famagusta open for tourism season despite booking slump

Most hotels in the free Famagusta district are opening as planned for Easter despite a sharp fall in bookings...
Economy

Women face higher emotional labour demands than men even in the same jobs, UNIC study finds

Women face significantly higher emotional labour demands than men even when working in the same occupations, and those demands...
Business

House backs law forcing insurers to explain why they refused to cover you

Insurance companies in Cyprus will no longer be able to turn down a customer for motor vehicle cover without...
Economy

Petrol and diesel get cheaper from Saturday as parliament passes emergency fuel tax cut

The House of Representatives has unanimously passed an emergency bill cutting the excise duty on motor fuels by 8.33...
Economy

European shares fall as hopes of end to Middle East war fade

Europe's main stock index fell on Thursday, as hopes for peace in the Middle East conflict faded after U.S....
Business

Marella Discovery II arrives in Limassol to launch Cyprus cruise season

The arrival of Marella Discovery II at the Port of Limassol today marks the start of the 2026 Cyprus...
Economy

Tickets gone, ship half empty: Cyprus is paying €20m for a ferry that doesn’t fill up

The Audit Office is calling for a fundamental overhaul of the Deputy Ministry of Shipping's policy on the Cyprus–Greece...
Economy

Fuel tax cut delayed to 4 April as parliament weighs price gouging concerns

Cyprus's planned cut to fuel excise tax will come into force on 4 April rather than 2 April, the...
Economy

Cyprus strikes deal on €245m Social Insurance Fund debt with new repayment plan

With €245 million in overdue Social Insurance Fund contributions sitting uncollected, the government and parliamentary parties struck a last-minute...
Business

“From the footprints of yesterday, to the vision of tomorrow” – memory, emotion and vision at the American Academy of Larnaca

The event titled "From the Footprints of Yesterday to the Vision of Tomorrow" was successfully held, highlighting the historical...
Business

Celestyal pulls all April cruises over Iran war

Celestyal, a member of the Cyprus-based travel and tourism group Louis plc, has cancelled all its April 2026 sailings...