Economy

Blind tax increases could subsidize the occupied territories

Professor Panagiotis Liargovas explains that increasing tobacco taxes in Cyprus can have unintended consequences due to the presence of a cheaper, unregulated market in...

Only six ships passed through Hormuz in last 24 hours

Maritime traffic at historic low Shipping activity through the Strait of Hormuz has dropped sharply, with at least six vessels passing through the key waterway...

Oil prices surge as Brent nears $125

Oil prices surged further on Thursday, a day after the White House signalled preparations for a prolonged blockade of Iranian ports in response to...

Christodoulides urges acceleration of gas extraction plans

President Nikos Christodoulides on Wednesday called for an acceleration of Cyprus gas plans after meeting a delegation from US energy giant Chevron, led by...

US fuel prices at highest level since the war began

US fuel prices have climbed to their highest level since the start of the war against Iran on 28 February, according to data released...