Economy

Global corporate losses from Iran war exceed $25bn

Companies feel pressure from conflict The economic impact of the war between the United States and Israel and Iran has already exceeded $25 billion globally,...

EAC trade unions warn of possible electricity price rises

Concerns over photovoltaic compensation scheme Trade unions within the Electricity Authority of Cyprus (EAC) have raised strong concerns over government policies affecting electricity pricing in...

Property agents flag concerns over revised disclosure of encumbrances

Estate agents’ council reacts to legal changes The property market in Cyprus is facing renewed discussion after the Council for the Registration of Estate Agents...

Cyprus is losing tourists due to the ripple effects of the crisis

Europeans shift to Western Mediterranean European tourists are increasingly choosing Western Mediterranean destinations over the Eastern Mediterranean, with Cyprus among the countries most affected by...

Aramco warns of global fuel crisis

Concerns over shrinking fuel stocks Aramco has warned of a potential global fuel crisis, saying petrol and aviation fuel stocks could fall to “critical levels”...