Economy

Strait of Hormuz reopening eases tension but economic risks linger

Temporary relief for shipping and oil markets Iran has agreed to reopen the Strait of Hormuz for two weeks, the first clear reopening since the...

Short-term rentals in Cyprus drive growth but pose challenges

Urban development and investment trends Short-term rentals have significantly reshaped city landscapes and living patterns in Cyprus, raising questions about their investment value for property...

President: Aim for agreement in April on 2027 natural gas utilisation

Energy challenges and renewable goals President of the Republic, Nikos Christodoulides, addressed energy costs and the utilisation of natural gas during a roundtable discussion with...

Jet fuel prices likely to stay high despite US-Iran ceasefire

The head of the global airlines body has warned that jet fuel prices are expected to remain elevated for months, even if Iran reopens...

No clear prediction for fuel prices in domestic market

Cyprus fuel prices could see reductions in the coming weeks following a sharp decline in global oil prices, although authorities remain cautious due to...