Economy

Cyprus among EU’s two fastest-growing economies, President says

Cyprus
The Government intends to assign additional responsibilities to Invest Cyprus, with an emphasis on promoting Cypriot exports, President Nikos Christodoulides announced on Tuesday evening. Addressing...

GSI expected to reduce electricity costs by €138m annually

Cyprus
The Great Sea Interconnector (GSI) could generate annual electricity cost savings of between €123 million and €138 million for consumers in Cyprus and Greece,...

Proposed law seeks clearer disclosure of fuel taxes to consumers

Cyprus
A proposed law aimed at improving fuel tax transparency and consumer protection was discussed by the House Commerce Committee on Tuesday. It would require...

Mousiouttas: €1,103 pension cannot be guaranteed under current conditions

Cyprus
Cyprus is maintaining its target of introducing the pension reform on 1 January 2027, despite delays in the preparation and legal review of the...

Cyprus tourism suffers bigger blow from war than Greece

Cyprus
Cyprus’ tourism industry has suffered a sharper setback from the war in the Middle East than Greece’s, with revenues falling during the first eight...
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