Economy

Tech sector contributes 15% of GDP, president says

Cyprus’ technology sector now contributes around 15% of the country’s gross domestic product (GDP), while its start-up ecosystem has expanded significantly since 2020, President...

Brent crude hits $115 as European natural gas reaches €96

Oil and gas prices edged lower on Tuesday after recent gains, as renewed diplomatic efforts to reach an agreement in the US-Iran war influenced...

Economist urges policy rethink to tackle Cyprus’ housing crisis

Cyprus must reconsider policies that link foreign investment and permanent residency to property purchases if it wants to address its housing problems and build...

Fuel prices in Cyprus could rise if oil stays at $110

Fuel prices could face further increases in Cyprus if international oil prices remain at $110 a barrel over the coming days, the president of...

Coffee prices in Cyprus rose 12 times faster than inflation in 2025

Coffee prices in Cyprus rose by 10.13% in 2025, despite overall inflation falling to 0.83%, highlighting a sharp gap between the cost of coffee...