Economy

US moves ahead with 25% tariffs on EU cars

US car tariffs are set to increase to 25% after US President Donald Trump accused the European Union of failing to comply with a...

Supermarket price increases recorded

Rising costs in everyday products New supermarket price increases have been identified by the Cyprus Consumers Association, with rising costs affecting a range of everyday...

Tourism bookings in Cyprus drop 25% ahead of summer

Hotel sector reports lower advance reservations Bookings for the upcoming summer season are down by around 25% compared with the same period last year, according...

Blind tax increases could subsidize the occupied territories

Professor Panagiotis Liargovas explains that increasing tobacco taxes in Cyprus can have unintended consequences due to the presence of a cheaper, unregulated market in...

Only six ships passed through Hormuz in last 24 hours

Maritime traffic at historic low Shipping activity through the Strait of Hormuz has dropped sharply, with at least six vessels passing through the key waterway...