ECONOMY Youth unemployment remains a concern at 17.2%, exceeding the EU average of 14.8%. Photo credit: Unsplash Cyprus posts 4.9% unemployment in September 2025, among EU’s lowest Newsroom Recent figures from Eurostat show that Cyprus continues to perform strongly in the labor market, recording an unemployment rate of 4.9% in September 2025. READ MORE
Spain fines Ryanair and other low-cost airlines €179M for abusive practices Five major airlines face penalties for charging extra fees on hand luggage and seat selection, with Ryanair receiving the ... Newsroom 25/11/2024 | BUSINESS
ExxonMobil and Qatar Energy to drill two new wells in Cyprus' offshore gas fields Two wells set for early 2025 aim to explore new gas resources, boosting domestic supply and LNG production Newsroom 22/11/2024 | BUSINESS
EIB President Nadia Calviño to visit Cyprus for talks and office opening Calviño’s visit will focus on strengthening economic resilience and sustainable growth in Cyprus. Newsroom 21/11/2024 | BUSINESS
FT: How oil and gas companies hide methane emissions, threatening climate goals Advancements in satellite technology are exposing methane leaks, but industry practices and weak regulations allow this ... Newsroom 20/11/2024 | BUSINESS
Huge fuel price gap in Nicosia puts consumers at a disadvantage Consumers face up to 308 euros more for heating oil at some stations, raising concerns over unfair competition and price ... Newsroom 20/11/2024 | BUSINESS
Cyprus court upholds tougher rules for 'glamping' projects New law requires full environmental studies, balancing eco-protection with potential delays Newsroom 20/11/2024 | BUSINESS
50 million luxury shoppers pull back as market slows Rising prices and fading appeal challenge top brands to meet new consumer demands Newsroom 19/11/2024 | BUSINESS
Cyprus tourism hits new highs, October sets record With 3.73 million arrivals so far this year, Cyprus tourism surpasses 2019’s record figures, while outbound travel by locals ... Newsroom 19/11/2024 | BUSINESS
