Tag: Cyprus economy

Cyprus faces €96m annual nature bill as habitat loss threatens economy

The European Union has warned of serious risks to Cyprus’ economy and competitiveness from the degradation of nature and ecosystems, with key sectors including...

How pension increases will affect recipients

Cyprus’ proposed pension reform provides for higher payments for all 123,000 pensioners, with the size of the increase depending on income, years of contributions...

Consumers are looking beyond the price tag

“The consumer today is much better informed and more demanding.” For Michalis Panagidis, President of the Pancyprian Association of Supermarkets (PASYPE), this is perhaps...

Cyprus revises multinational minimum tax rules

Cyprus is preparing changes to its multinational minimum tax legislation less than two years after adopting the EU framework imposing a 15% minimum effective...

AI governance crucial for small states, technology becomes strategic infrastructure

Artificial Intelligence (AI) is rapidly evolving from a technological innovation into a critical macroeconomic factor, with its institutional adoption expected to shape national competitiveness,...

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Trump ‘declares’ Strait of Hormuz US territory: New threats from Iran

US President Donald Trump has repeated his claim that...

Bedroom catches fire in Deryneia: Blaze caused by charging mobile phone

A fire broke out at around 3:40 a.m. in...

Avakas Gorge: Missing 16-year-old found after search operation with dogs

The search for a 16-year-old boy of Russian origin,...

Behind-the-scenes Israel–Turkey talks to prevent conflict in Syria

Behind-the-scenes contacts between Israel and Turkey are underway in...
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