Economy

Cyprus ranks 4th globally as top destination for millionaires

Cyprus has emerged as one of the world’s leading destinations for high-net-worth relocation, ranking fourth globally and first in Europe for structural attractiveness, according...

Pension increase of up to 50% for low-income pensioners

Low-income pensioners in Cyprus could see increases of up to 50% under the planned pensions reform, according to Labour Minister Marinos Moushiouttas. Speaking on Omega...

EU tells Armenia ‘you can count on us’ as Russia keeps up economic pressure

The European Union pledged an additional €18 million in economic support for Armenia on Thursday and liberalised some export rules for its goods as...

Audit Office report: Only 23% of hotels fully licensed

Cyprus’ Audit Office has released a special report highlighting serious weaknesses in the licensing of hotel and tourism accommodation facilities, inspection systems and the...

Cyprus growth forecast lowered by Central Bank

Growth outlook revised lower The Central Bank of Cyprus has revised down its Cyprus growth forecast, citing increased geopolitical uncertainty and a weaker outlook for...