Economy

Fuel tax cut may be extended until March 2027

Finance Minister Makis Keravnos is expected to ask the Cabinet to extend the fuel tax cut on petrol and diesel, potentially until March 2027,...

9 in 10 Cypriots consider energy transition urgent

Almost nine in ten Cypriots, or 88%, consider the energy transition urgent for the country, the highest share in the EU, according to the...

Rising jet fuel prices threaten to push up airline ticket costs

Airfare increases are becoming increasingly likely as the US-Iran war continues to unsettle energy markets, with major airlines warning that higher fuel costs could...

Businesses in Cyprus face some of the highest electricity prices in the EU

Electricity prices for non-household consumers in Cyprus reached an average of €0.23 per kilowatt-hour in the first half of 2026, placing the country among...

Cyprus among EU’s two fastest-growing economies, President says

The Government intends to assign additional responsibilities to Invest Cyprus, with an emphasis on promoting Cypriot exports, President Nikos Christodoulides announced on Tuesday evening. Addressing...