Economy

Paphos offers student rooms for €150 amid rent crisis

Paphos Mayor Phedonas Phedonos has highlighted the city’s growing housing crisis, particularly for students and middle-income workers, as rents have soared to unaffordable levels. Speaking...

Negative inflation in Cyprus lowers prices but poses risks

Cyprus has recorded negative inflation, with lower energy costs and cheaper fruit and vegetable prices driving the trend, according to data released by Eurostat...

German unemployment tops 3 million for first time in decade

The unemployment figure rose by 46,000 month-on-month to hit 3.025 million, the federal employment agency said, the highest level since February 2015. The country's overall...

Hellenic Bank and Eurobank Cyprus merge on the way

Hellenic Bank has announced the receipt of all necessary regulatory approvals for its long-anticipated merger with Eurobank Cyprus, marking a new era for the...

Electricity supply remains fragile despite heatwave easing

Although the recent heatwave has subsided, concerns remain about the stability and resilience of Cyprus’ electricity network due to increased demand and reduced operational...