Economy

Pension reform: New options soon for the 12% “penalty”

Pension reform consultations continue Discussions on Cyprus’ pension reform are ongoing at the Labour Advisory Council, with Minister of Labour and Social Security, Marinos Mousiouttas,...

Middle East war cost exceeds $11 trillion

Energy and markets under pressure As the US-Israel conflict with Iran enters its third week, the impact extends far beyond the battlefield. Energy markets, stock...

Cyprus Consumers Association calls for fuel subsidy return

Rising fuel prices spark concern The Cyprus Consumers Association has called for the immediate reinstatement of the fuel subsidy, highlighting that fuel prices have surged...

DBRS: Cypriot economy resilient despite geopolitical challenges

The Canadian ratings agency DBRS Morningstar has confirmed the positive trajectory of the Cyprus economy. In a report, it reaffirmed the rating of the...

US eases Russian oil sanctions amid global energy crisis

Waiver aims to stabilise oil markets The United States has temporarily eased sanctions on countries buying Russian oil already loaded on tankers, in an effort...