Economy

Cyprus facing labour shortages, turns to third countries

Cyprus is experiencing a serious labour shortage, with the domestic workforce no longer able to meet the needs of a growing economy. As unemployment...

Minister: No justification for higher fuel prices in Cyprus

There is currently no justification for raising fuel prices in Cyprus, even amid ongoing geopolitical turbulence, Energy Minister Giorgos Papastasiou said on Tuesday. Speaking...

Middle East escalation impact on Cyprus raises concern

The economic fallout from the Israel–Iran conflict could pose serious challenges for Cyprus, according to economist Tasos Yasemides. Speaking on Tomes sta Gegonota, he...

Impact of Middle East war on Cyprus grows amid Hormuz threat

The impact of the Middle East war on Cyprus is already being felt across key sectors, from fuel costs to tourism. With Iran threatening...

Temu: 25% drop in US sales due to tariffs

Temu’s sales in the United States have taken a sharp downturn, as the online marketplace drastically cuts back on advertising targeting American consumers following...