Economy

Oil prices jump 3% after US strike on Iran, Brent hits $97.71

An oil price surge was recorded on Thursday, with crude prices rising by around 3%, as renewed geopolitical tensions in the Middle East rattled...

Tourism faces cost pressures; last-minute bookings bring relief

Cyprus has recorded a significant economic impact following recent geopolitical tensions, with economist Tasos Yasemides highlighting pressure points in tourism, inflation and household purchasing...

Eurostat: Cyprus work week averages 37.7 hours in 2025

Cyprus recorded an average of 37.7 actual weekly working hours in 2025 for employees aged 20 to 64 in both full-time and part-time work,...

Report shows positive signs for new business activity in Cyprus

Cyprus continues to show strong performance in terms of entrepreneurial perception and intention, according to the 9th National Report on Entrepreneurship 2024/2025 of the...

Pension reform to reach Parliament by mid-July

The government plans to submit the pension reform bill to Parliament by mid-July, according to Marinos Mousiouttas, following a meeting of the Labour Advisory...