Economy

Limited compensation for unlicensed homes damaged by fires

Local authorities in Limassol are expressing concern over the fate of dozens of unlicensed homes damaged by recent wildfires, warning that the Cabinet’s current...

Cyprus-based company included in US sanctions on Iran

A Cyprus-based company has been named in the latest US sanctions against Iran, announced as part of the “maximum pressure” campaign aimed at curbing...

Average gross earnings reach €2,509

The Statistical Service has published the average monthly earnings for the first quarter of 2025, which show an annual increase of 5.4%. According to preliminary...

Cyprus average monthly earnings exceed €2,500- 5.4% increase

Cyprus average monthly earnings have risen above €2,500 for the first quarter of 2025, marking a steady increase in wages across the workforce. Preliminary figures...

Car dealership surge in occupied areas – Front for money laundering?

Appearing overnight in growing numbers in recent years – Reports of shootings and threats from gang members tied to "mafia groups" based in Turkey According...