Economy

Cyprus housing crisis driven by foreign demand, expert says

The Cyprus housing crisis is being driven primarily by rising demand from high-income foreign residents rather than excessive lending or a property bubble, according...

Cost of living: Monthly family costs and Cyprus’ most expensive city

The cost of living in Cyprus varies considerably depending on where people choose to live, with housing and private education adding significant pressure to...

How Cyprus’ heating oil prices responded to the tax cut

Heating oil prices fell by an average of 6.3 cents per litre on Friday after a reduction in excise duty took effect at midnight,...

Cyprus average salary masks €4,082 sector pay gap

The Cyprus average salary of €2,591 conceals substantial differences in earnings across the economy, with a monthly gap of more than €4,000 between the...

Brent oil prices climb to $114 a barrel

Brent oil prices rose to around $114 a barrel on Friday morning, extending their gains this week amid concerns over supply following fresh Houthi...