Tracking Oil Prices Since the Beginning of the War 100 Days Ago
A barrel of Brent crude cost $71 the day before the war began. It has not been close to that level since.
ECB Set to Raise Rates by 25 Basis Points
The window for the European Central Bank to avoid further tightening of its monetary policy appears to be narrowing, as the war in the Middle East enters its fourth month, with the Strait of Hormuz effectively closed and energy prices remaining elevated.
Cost-of-Living Allowance Rise to 4% from July 2027
The Cost-of-Living Allowance (CoLA) is set to increase to 4% from July 2027, according to projections by the Ministry of Finance outlining the trajectory of adjustments over the next three years
Only Three EU States Meet Pay Transparency Deadline: Cyprus Among Those Falling Behind
Almost all EU member states, including Cyprus, are set to miss Sunday’s deadline to incorporate the EU directive on pay transparency into national law, according to the European Trade Union Confederation (ETUC).
Aircraft Load Factors Rise Despite Earlier Disruption
New routes and higher load factors are shaping a more optimistic picture for Cyprus’ air connectivity, despite the impact of last March’s crisis, according to Hermes Airports.