ECONOMY Around 50,000 workers expected to benefit from the wage increase. Photo credit: Unsplash Cyprus approves minimum wage increase of 8.8%, effective January 2026 Newsroom The government has approved an increase to the national minimum wage, following a Cabinet decision taken after a review of economic and social conditions. The revised rates will take effect on 1 January 2026. READ MORE
Cyprus receives major credit rating boost from Moody’s Cyprus’ credit rating to A3 reflects Cyprus’ improved economy, lower debt, and steady growth, helping the country borrow ... Newsroom 27/11/2024 | BUSINESS
Greek hoteliers sue booking.com over equal pricing rules Hoteliers claim Booking.com's rules hurt their business, and they're seeking millions in damages. Kathimerini Greece Newsroom 26/11/2024 | BUSINESS
Cyprus DOT warns drivers about Takata airbag recalls: Check your car now Vehicle owners urged to regularly check for recalls and ensure their cars are safe, especially if they have defective Takata ... Newsroom 26/11/2024 | BUSINESS
200 foreign companies and 1,200 new jobs in Cyprus in six months Foreign companies flock to Cyprus, boosting jobs and economic growth Newsroom 26/11/2024 | BUSINESS
Trump plans massive tariffs on imports from Mexico, Canada, and China The President-elect’s plan could spark economic chaos, raising costs for businesses and consumers while escalating trade ... Newsroom 26/11/2024 | BUSINESS
Eurobank acquires full control of Hellenic Bank Major shareholder transfer solidifies Eurobank's position in the Cyprus banking sector Newsroom 25/11/2024 | BUSINESS
Paphos FC owner among 77 investors stripped of ''golden passports'' Cyprus revokes citizenships in sweeping crackdown on abuses of its investment program. Newsroom 25/11/2024 | BUSINESS
26-year-old man scammed out of $110,000 in cryptocurrency fraud Police warn against unverified online investments as victim loses life savings in sophisticated scam. Newsroom 25/11/2024 | BUSINESS
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