Economy

EU to vote on Digital Euro to cut dependence on US technology

The European Union believes the digital euro could reduce its reliance on US-based payment systems such as Visa and Mastercard, as well as Apple...

Cypriots report modest financial improvement, but pressures persist

Financial wellbeing in Cyprus has improved in 2025, according to a nationwide survey, although many households continue to face financial pressure from rising living...

Fuel prices rise 20.5% in Cyprus in May – what’s happening across Europe

Fuel prices in Cyprus increased by 20.5% in May 2026 compared with May 2025, according to figures published by Eurostat on Monday. The increase in...

UK: Pound drops while bonds remain steady after Starmer resignation

The UK markets showed a measured response after Prime Minister Keir Starmer announced plans to step down, as investors weighed whether a future Labour...

Global oil prices drop – when will Cyprus see the effects?

The oil prices outlook in Cyprus is turning more positive for consumers, following a sharp weekly decline in international crude markets linked to easing...