Economy

Foreign buyers pressure housing market, AKEL warns

Growing concern that foreign buyers pressure the housing market in Cyprus has reignited political debate, with AKEL submitting two bills aimed at tightening controls...

President: Employers’ rejection of ATA plan not positive

President Nikos Christodoulides described the rejection of the government’s proposal for a permanent agreement on the Cost-of-Living Allowance (ATA) by employers’ organisations as “certainly...

Trade unions and employers to decide on ATA negotiations today

A decisive day has arrived for the issue of the ATA negotiations in Cyprus, as trade unions and employer organisations meet separately to determine...

President: ATA framework formed and accepted by unions

President Nikos Christodoulides said on Monday that following Friday’s meeting with the two ministers responsible for ATA, a framework has been shaped that appears...

The ‘buy or rent’ debate still burning in Cyprus

The “should I buy or rent?” debate isn’t new- but each year it weighs more heavily on Cypriot households. Rising property prices, steady rent...