Economy

IEA: April “even worse than March” for energy markets

Energy market under pressure amid Iran conflict The head of the International Energy Agency (IEA), Fatih Birol, has warned that the current month is expected...

Digital euro: Function, purpose and what to expect

ECB and eurozone banks advance preparations The digital euro rollout has entered a technical implementation phase, with eurozone central banks preparing infrastructure for a potential...

Hotel occupancy at 25%–45% over Easter; cancellations continue

Weak local demand during holidays Cyprus hotel occupancy remained relatively low during the Easter period, ranging between 25% and 45%, according to PASYXE (Cyprus Hotel...

Fuel prices in Cyprus below EU average

Cyprus ranks below EU average Fuel prices Cyprus remain below the European Union average for both petrol and diesel, according to the European Commission’s Weekly...

Deal sealed for Aphrodite gas field – Exports to Egypt for 15 years

Landmark agreement for Aphrodite field Energy company NewMed Energy, a partner in Cyprus’ offshore Aphrodite gas field, announced on Thursday the signing of a 15-year...