Economy

Gold price record high, surges past $4,400

Gold prices reached another record, trading above $4,400 (£3,275) per ounce for the first time on Monday, peaking at $4,420 before pulling back slightly. The...

Tax reform approved – Non-taxable threshold to €22,000

Parliament plenary approved the tax reform, voting five of six executive bills as amended by the House Finance and Budget Committee. Also approved: majority parties'...

Christmas shopping Cyprus: Christmas Eve set to be busiest day

Market moves into festive peak The Cypriot retail market has fully entered the Christmas period, with businesses preparing for a sharp increase in consumer activity...

New national minimum wage decision by Christmas

Consultations on the new national minimum wage end tomorrow afternoon, with a decision expected by Christmas for implementation from January 1, 2026, over two...

New solar programme replaces “Photovoltaics for All” scheme

The government plans to launch a new national programme in early 2026, replacing the popular "Photovoltaics for All" scheme. This update will add subsidies...