Economy

Easter allowance for low-income pensioners approved

The Cyprus Council of Ministers has approved the Easter allowance for low-income pensioners, reinforcing the government’s social policy to support vulnerable groups. Allowance details and...

Fuel tax reduction not fully passed on to consumers

Fuel tax reduction under scrutiny The fuel tax reduction scheme in Cyprus has come under criticism after the Consumers Association claimed that the full benefit...

Oil prices surge on Thursday after Trump threatens Iran

Brent and WTI see sharp rises Brent crude oil jumped over 7% on Thursday, while US crude (WTI) surged more than 11%, following threats by...

Cyprus to implement fuel tax reduction from April 4

Government delays start to allow adjustment The Cypriot government will introduce a temporary fuel tax reduction on April 4, instead of the initially planned April...

Greenpeace accuses oil companies of profiteering from war

Daily windfalls amid rising fuel prices A recent Greenpeace report highlights that European oil companies have been generating “superprofits” exceeding €80 million per day since...