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Friday, March 29, 2024

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Economy

RIK employees to strike

In a one-hour work stoppage, employees at RIK will walk out from 13:30 to 14:30, protesting the non-payment of...

Government announces five measures targeting inflation

The Ministerial Council has decided on five measures against inflation due to the rising cost of living. The package of...

President: Inflation measures to be both horizontal and targeted

The priority of the Government is to improve the daily lives of citizens, stated the President of the Republic,...

TIMELINE-History of Japan’s intervention in currency markets

Here is a timeline of moves in foreign exchange markets by the Bank of Japan (BOJ). March 27, 2024 -...

€3.6 million park project to boost Ayia Napa’s tourism offering

A multifunctional park, which will include spiral pedestrian walkways, a lake, a botanical garden, and panoramic sea views, is...

Labour ministry faces pressure ahead of meeting on foreign workers

The trade unions have started signalling to the Government and the Ministry of Labour about significant decisions regarding the...

Targeted support considered for rising fuel costs

The reactions from citizens and political pressures regarding the increase in fuel prices starting Monday have led the government...

Economic sentiment declines for second consecutive month

For the second consecutive month, economic sentiment in Cyprus decreased in March, with the Economic Sentiment Indicator (ESI) moving...

Petrol sales rise in February

In February 2024, the total sales of petroleum products reached 115,421 tonnes, marking an increase of 7.1% compared to...

European commission highlights Cyprus’s economic growth

According to the European Commission's report on the Cypriot economy, the observed economic growth and reduction in inflation place...

Government considers new support measures for vulnerable groups

The Government is considering new targeted support measures for vulnerable groups due to the termination of the horizontal reduction...

Larnaca plans major investments for coastal area

Another significant step has been taken for the development of the coastal area from which the oil and gas...

Cocoa prices continue to rise

Cocoa continued its upward trajectory – with gains exceeding $700 per tonne in just one day and surpassing $9,000...

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