Economy

Cyprus tax revenues hit €7.3 billion in 2023

Cyprus tax revenues 2023 reached €7.3 billion, with both direct and indirect taxes recording strong growth, according to the Republic’s audited financial statements for...

Norway’s wealth fund confirms divestment from Israeli jet engine

The CEO of Norway’s sovereign wealth fund, Nicolai Tangen, says the fund has sold its shares in Israel’s Bet Shemesh Engines Holdings, which makes...

World Bank approves $650m loan for Istanbul resilience

The World Bank has approved a $650 million loan to support the Istanbul Resilience Project, aimed at improving the city’s preparedness for emergencies and...

Student housing prices soar as dorm capacity falls short

Student housing prices across Cyprus have risen sharply, as demand far exceeds supply and public universities struggle to offer enough dormitory beds, according to...

Building permits in Cyprus fall by 15.2% in 2025

Building permits in Cyprus saw a 15.2% drop during the period from January to April 2025, compared to the same period in 2024, according...