Economy

Economy fortified – Impact will depend on how long the conflict lasts

Cyprus’s Finance Minister, Marios Keravnos, has sought to reassure the public that the island’s economy continues to show resilience, despite growing regional instability. He...

ECB warns prolonged Middle East conflict could spike eurozone inflation

A prolonged conflict in the Middle East and a sustained reduction in energy supplies could trigger a sharp rise in Eurozone inflation and weigh...

Fuel prices rise likely over next 10 days

Rising fuel costs Fuel prices in Cyprus have risen by 10–12% since Friday, driven by the ongoing conflict in Iran, according to Savvas Prokopiou, President...

Diesel prices spike 17% amid Strait of Hormuz tensions

Global fuel prices have surged, with diesel reaching a two-year peak, as rising tensions in the Strait of Hormuz threaten oil exports from the...

Minds in Cyprus tax incentives approved

After months of delay, the House of Representatives has approved tax incentives and related measures under the Minds in Cyprus initiative, aiming to attract...