ECONOMY Eurostat data show the island has the EU’s lowest overcrowding and most affordable housing, even as prices soar elsewhere. Photo credit: Unsplash Cyprus defies Europe’s housing crisis with spacious homes and low costs Martha Kehagias Cyprus ranks at, or near, the extremes of several key housing indicators, often outperforming the EU average and even many comparable Mediterranean countries. READ MORE
Price hike of raw materials affecting developers and construction costs The cost of iron last year was €450 per tonne, while currently, prices are between €1,150 to € 2,000 per tonne. 09/05/2022 | BUSINESS
English will be used in newly established commercial and maritime courts The move will further strengthen commercial activity and shipping in our country, according to Justice Minister Drakos Source: CNA 06/05/2022 | BUSINESS
Mercedes launches first self-driving tech in Germany The S-Class and the all-electric EQS, will soon be able to be ordered with conditional self-driving tech 06/05/2022 | BUSINESS
Lower interest rates on deposits and consumer loans Small increase in mortgage rates, while NPL's increase slightly to 11.7% Source: CNA 05/05/2022 | BUSINESS
#LidlEcoHacks: Lidl Cyprus’ new ecological digital initiative We support the sustainability of our planet by changing our daily habits. 05/05/2022 | BUSINESS
Turn seawater into drinking water with the push of a button MIT researchers have developed a $50 portable desalination unit that uses less power than a cell phone charger 05/05/2022 | BUSINESS
First ever publicly financed equity fund will benefit Cyprus startups Will provide the necessary boost for Cyprus' emerging and promising innovation ecosystem, Minister says Source: CNA 05/05/2022 | BUSINESS
Increasing demand brings direct flights from Athens to Paphos beginning the 25th of July 2022 Aegean will continue these flights twice a week until Ocotber 2022 Source: CNA 03/05/2022 | BUSINESS
