Economy

AI governance crucial for small states, technology becomes strategic infrastructure

Artificial Intelligence (AI) is rapidly evolving from a technological innovation into a critical macroeconomic factor, with its institutional adoption expected to shape national competitiveness,...

gov.cy launches online IBAN change for salaries and pensions

Public sector employees, officials and pensioners in Cyprus can now change the bank account used for salary or pension payments online through three new...

Government Treasury launches three digital services for bank account changes

Three new digital services have been introduced by the Treasury of the Republic to allow public sector employees and pensioners to change the bank...

Natural gas and electricity prices will rise sharply this winter

The gas crisis in Europe is intensifying as low storage levels, geopolitical tensions and competition for liquefied natural gas (LNG) increase pressure on energy...

Climate risk threatens financial stability, Cyprus Central Bank warns

The Central Bank of Cyprus (CBC) has identified climate risk in Cyprus as one of the country's most significant threats to financial stability, warning...