Economy

International firm to review cost of Great Sea Interconnector

Greece will hire an external consultant to review the costs of one of the world’s largest submarine electricity cables, connecting mainland Europe with Cyprus,...

Gold prices surge continues above $5,000 for second day

Gold prices remained above the $5,000 mark for a second consecutive day on Tuesday, extending the spectacular rally that began last year and has...

Cyprus economic outlook hinges on productivity upgrade

Strong growth masks structural vulnerabilities Cyprus has demonstrated remarkable resilience since the pandemic, recording some of the highest growth rates in the eurozone. However, this...

Parliament approved small businesses relief proposals

Unanimous vote in House of Representatives Small businesses relief was approved unanimously on Thursday by the House of Representatives, following the adoption of two legislative...

Pension reform to cover only first pillar, Minister says

Speaking before MPs, Mousiouttas said the government plans to submit the pension reform bills to Parliament by June 2026 and not earlier. He acknowledged...