economy

Average hourly labour costs reach €21.7 in Cyprus, according to Eurostat

At the European Union level, the average hourly labour cost across the whole economy was estimated at €34.9 in 2025, up from €33.5 in 2024

08:15 - 02 April 2026

Economy

Cyprus aims to extract natural gas in 2027 or 2028, Energy Minister says

Michael Damianos said, “We are proceeding to prove both internally, but mainly to our partners, companies, Egypt, the EU, that we are moving forward with our energy programme”

08:11 - 02 April 2026

Economy

Solid financials allow measures to address the impact of the regional crisis, the Government Spokesman says

Konstantinos Letymbiotis said the government "is evaluating the data on a daily basis," in relation to developments

07:55 - 02 April 2026

Economy

CIBA supports efforts to enhance Cyprus as a reliable international business hub

The CIBA Board met with the President of the Republic, Nikos Christodoulides, "in a highly constructive atmosphere"

07:47 - 02 April 2026

Economy

State Aid Control Commissioner Stella Michaelidou on why the European Commission has told member states to "Do it like Cyprus"

Having had lengthy professional experience in the private sector, the Commissioner also explains why the public sector position has won her over in her efforts to make a real difference

07:00 - 01 April 2026

Financial Services

The binding nature of decisions by the Financial Commissioner is a "thorn in their sides," banks and credit acquisition companies say

The Commissioner pointed out that the institution's main role is to mediate and find compromise solutions

08:47 - 31 March 2026

Economy

Christos Angelides: Tourism is suffering a major blow from the war in the Middle East, with more cancellations than hotel reservations

The Director General of the Cyprus Hotel Association (Pasyxe) says that for the first time in many years, the rate of cancellations is greater than that of reservations

08:26 - 31 March 2026

Economy

EU Council supports farmers and coastal communities

Agriculture Minister Dr. Maria Panayiotou noted that the priority is to ensure income stability for producers

08:11 - 31 March 2026

Economy

Cyprus-Egypt political will for Cronos and Aphrodite gas fields renewed, Energy Minister says

A joint committee will be created regarding the sale of natural gas to Egypt or to Egyptian state-owned companies, Michael Damianos said

07:53 - 31 March 2026

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