Economy

Iran rial hits zero vs euro – Currency effectively unexchangeable

Iran faces deep economic crisis and growing political unrest as the rial currency effectively lost all value in Europe, dropping to zero against the...

Basic pensions increase announced – Rise 3.38% from January

Pensioners will receive a slight boost at month-end, with the basic portion of Social Insurance Fund (SIF) pensions rising 3.38% from 1 January 2026,...

Cyprus Stock Exchange bill to plenary with changes

The bill for the privatisation of the Cyprus Stock Exchange (CSE) heads to plenary following article-by-article discussion in the House Finance Committee on Monday....

 Kronos gas route to Egypt adjusted 

Government sources report modification of the clause mandating 20% production channeling from the Kronos gas field toward Egypt. Sources cite briefing received from Egyptian...

VAT submission deadlines extended

First extension period The Tax Department announces extensions for submitting VAT Declarations and paying due VAT for the period ending November 30, 2024, plus the...