Economy

WTI over $100, Brent nears $116 amid Middle East tensions

WTI surpasses $100 per barrel Oil prices climbed once again, with the West Texas Intermediate (WTI) breaking the symbolic $100-per-barrel mark and Brent crude approaching...

Non-systemic banks are disappearing in Cyprus

Surprises from systemic banks in Cyprus continue, with the latest development being a small acquisition by the Bank of Cyprus, which purchased a portfolio...

Cyprus construction warning over Iran impact

Industry raises alarm over rising risks A Cyprus construction warning has been issued over the potential impact of the war in Iran, with industry stakeholders...

Cyprus support measures offer relief, but limits remain

Temporary relief in a complex economic climate In a period marked by strong inflationary pressures and geopolitical uncertainty, the Cyprus support measures announced by the...

Fuel prices drop 8.33 cents a litre from 1 April

Excise rates reduced for petrol and diesel Cyprus will reduce excise duty on motor fuels from 1 April through June 2026 following sharp price surges....