News: Economy
Cyprus news in the “Economy” category — updated throughout the day.
EconomyConsumers’ association urges reduced fuel tax to be extended to heating oil
Nicosia, Cyprus. The consumers’ association on Monday called for the reduced fuel consumption tax rate due to take effect on Wednesday to be extended to heating oil. It said heating oil should not be…
EconomyCyprus among EU’s lowest for road freight share in 2024, Eurostat data shows
Nicosia, Cyprus. Cyprus ranked among the lowest European Union member states for road freight transport share in 2024,…
EconomyCyprus targets first natural gas sale to Europe via Egypt in 2027–2028, president says
Nicosia, Cyprus. Cyprus is aiming to achieve its first sale of natural gas to Europe via Egypt by…
EconomyBoE’s Huw Pill warns Middle East conflict uncertainty should not delay action on inflation
Skopje, North Macedonia. Bank of England Chief Economist Huw Pill said uncertainty over the economic effects of the…
EconomyCyprus potato farmers warn Middle East war drives up export shipping costs and delays
Nicosia, Cyprus. Cyprus potato farmers say the war in the Middle East has increased export shipping costs and…
EconomyWolt delivery drivers in Cyprus return to work after week-long strike without agreement
Nicosia, Cyprus. Delivery drivers working for the Finnish company Wolt returned to work on Friday after a week-long…
EconomyCyta to enter energy sector as Cyprus launches innovation funding calls and reports February fuel sales
Nicosia, Cyprus. Cyta welcomed a House of Representatives decision approving legislation allowing it to enter the energy sector.…
EconomyRussia orders draft resolution to ban gasoline exports from April 1
Moscow, Russia. Russian Deputy Prime Minister Alexander Novak instructed the energy ministry to draft a resolution banning gasoline…
EconomyEU economy risks stagflation as energy prices surge, commissioner warns
Brussels, Belgium. The European Union economy is at risk of stagflation due to a surge in energy prices…
EconomyCyta welcomes Cyprus parliament vote allowing entry into energy sector
Nicosia, Cyprus. Telecoms provider Cyta welcomed a decision by the House of Representatives to approve legislation allowing the…
EconomyKeve welcomes Cyprus law regulating nicotine pouches after parliamentary vote
Nicosia, Cyprus. The chamber of commerce (Keve) welcomed the passage of legislation regulating nicotine pouches following a parliamentary…