ECONOMY €1,088 minimum wage, and everyone’s furious Dorita Yiannakou After intense behind-the-scenes talks that stretched right up to the holidays, the government has locked in Cyprus’ new national minimum wage at €1,088 a month, a decision that settles one debate but opens several others. READ MORE
Panagiotou: Best labor market performance in the last 15 years Job creation increased by 15.4%, reaching 14,339 new positions Newsroom / CNA 18/12/2024 | BUSINESS
Concerns from the EIB regarding the electric cable project Chamber’s letter to the Ministry of Energy highlights technical and financial challenges Apostolos Tomaras 18/12/2024 | BUSINESS
Tariffs, reforms, and rate cuts: 2025’s economic balancing act UBS warns Trump-era trade risks could weigh on Europe, while Cyprus needs reforms to unlock growth Newsroom 18/12/2024 | BUSINESS
payabl. partners with Limassol Municipality to uplift the community this festive season Press Release 18/12/2024 | BUSINESS
‘Crotch circles’ spark bikini line buzz in Luton Laser clinic’s bold field art installation stirs conversation about bikini line trends, leaving both heads and eyebrows ... Newsroom 17/12/2024 | BUSINESS
Mango founder Isak Andic dies at 71 after tragic accident The visionary behind the global fashion brand passes away after a fall during a family outing, leaving behind a legacy of ... Newsroom 15/12/2024 | BUSINESS
Elon Musk becomes first person to achieve a $400 billion net worth Boosted by SpaceX’s valuation surge and Tesla’s record-breaking performance, Musk sets an unparalleled milestone in personal ... Source: CNN 13/12/2024 | BUSINESS
Hungarian women held over €58.5M property case Pair accused of illegal real estate dealings on Greek Cypriot-owned land; next hearing set for February 24. Newsroom 13/12/2024 | BUSINESS
Parliament rejects AKEL’s 5% bank tax bill after tense showdown Bank tax proposal defeated in deadlock vote, exposing political splits and high-stakes pressure. Newsroom 13/12/2024 | BUSINESS
ECB announces final rate cut for 2024 Interest rates reduced by 25 basis points on Thursday, December 12, during its monetary policy meeting. Newsroom 12/12/2024 | BUSINESS
ECONOMY
