Economy

Cyprus price levels reach 89% of EU average in 2025

Cyprus price levels reached 89% of the European Union average for household final consumption expenditure in 2025, according to figures published by Eurostat. The data...

Oil prices fall below $80 after US-Iran deal

Global oil prices have fallen below the $80-per-barrel mark following the announcement of an agreement between the United States and Iran, reversing gains recorded...

Prices continue to rise in cold cuts, frozen fish, oil and coffee

Consumer prices in Cyprus continued to rise in May, reflecting ongoing inflation trends recorded by the Statistical Service, with several essential products showing noticeable...

JYSK to open first Cyprus stores in 2027

Danish retailer enters Cyprus market Danish home furnishings retailer JYSK has announced its entry into the Cyprus market, continuing its international expansion with the opening...

How Strait of Hormuz reopening could affect oil and food prices

Deal aims to end months of disruption More than three months after the US and Israel first began their war with Iran, the White House...