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27 June, 2025
 

News Stream

Thousands see cheaper monthly payments as BOC lowers loan rates

Thousands see cheaper monthly payments as BOC lowers loan rates

Cyprus homeowners and businesses, take note: your loan payments might be about to shrink....

Nikos Tornaritis’ heartfelt tribute turned ChatGPT blunder...and other political mishaps

Nikos Tornaritis’ heartfelt tribute turned ChatGPT blunder...and other political mishaps

The son of the former Auditor General, Philippos Michaelides, wrote, among other things, the following: “Annita Demetriou is the best example of how connections can turn you from an ordinary mortal, a political science graduate no less, into Speaker of the House and leader of the largest political party…”...

IMF and EU to Cyprus: Cool it on the pay rises, you're not made of money

IMF and EU to Cyprus: Cool it on the pay rises, you're not made of money

Cyprus may be riding high on economic growth, but the message from international watchdogs this week is blunt: slow down the spending, especially on public salaries, or risk unraveling the progress....

Say it isn’t so: The Trump–Elon bromance blows up online

Say it isn’t so: The Trump–Elon bromance blows up online

Say it isn’t so--Donald Trump and Elon Musk, the political-tech power couple that once couldn’t stop praising each other, have officially entered the ugly-breakup phase. And they’re doing it the 2025 way: firing missiles on their own social media platforms....

Sunshine & celebration: A glorious 3-day weekend ahead for Cyprus

Sunshine & celebration: A glorious 3-day weekend ahead for Cyprus

Get ready for a radiant and joy-filled long weekend as Cyprus welcomes the warm embrace of summer and the festive spirit of Kataklysmos, the beloved Flood Festival, rooted in both tradition and celebration....

Cyprus slips into deflation for the first time since 2021

Cyprus slips into deflation for the first time since 2021

Cyprus recorded deflation in May 2025 for the first time in more than four years, with the annual inflation rate turning negative at -0.2%, according to data released on Thursday by the Statistical Service of Cyprus....

Tornaritis launches ''Get Up'' movement: Politics, but run like a business

Tornaritis launches ''Get Up'' movement: Politics, but run like a business

Christoforos Tornaritis has unveiled the first glimpse of his new political movement, ''Get Up,'' which promises to ditch traditional politics in favor of what he calls a more professional, business-style approach to running the country....

Alpha Bank sets sights on Cyprus insurer Altius in expansion push

Alpha Bank sets sights on Cyprus insurer Altius in expansion push

Alpha Bank is in talks to buy Altius Insurance, a Cyprus-based insurance company it already works with to sell insurance products through its branches. While nothing has been finalized yet, sources say discussions have progressed to a potential acquisition....

From I do to I declare: Weddings now come with a bank form

From I do to I declare: Weddings now come with a bank form

Weddings in Cyprus come with dancing, food, and the all-important envelope. But now, it seems those envelopes might need more paperwork than your actual marriage license....

May Newsletter of K. Treppides & Co Ltd – 30/05/2025

May Newsletter of K. Treppides & Co Ltd – 30/05/2025

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...

Petrolina participates in a beach clean-up campaign for World Environment Day

Petrolina participates in a beach clean-up campaign for World Environment Day

On the occasion of World Environment Day, Petrolina contributed to a series of beach clean-up activities held on Thursday, 5 June 2025, in Ayia Napa, Protaras, Larnaka and Limassol,...

Nutella unveils first new flavor in 60 years, but there's a catch

Nutella unveils first new flavor in 60 years, but there's a catch

For the first time in its 60-year history, Nutella is mixing things up, literally. The beloved chocolate-hazelnut spread is getting a new twist: Peanut Nutella....

COSMOS Insurance organizes a voluntary blood donation in Larnaca.

COSMOS Insurance organizes a voluntary blood donation in Larnaca.

As part of its commitment to social responsibility and ongoing contribution to society, COSMOS Insurance is organizing a voluntary blood donation in collaboration with the Larnaca Blood Donation Center...

Lidl Cyprus takes responsibility for the environment

Lidl Cyprus takes responsibility for the environment

Recognizing that protecting the environment is a responsibility we all share, Lidl Cyprus takes an active role by implementing actions that enhance environmental awareness and contribute meaningfully to addressing the climate crisis....

Good news for borrowers as ECB to cut interest rates

Good news for borrowers as ECB to cut interest rates

The European Central Bank (ECB) is widely expected to cut its key interest rates by 0.25% this Thursday, a move that could bring welcome relief for borrowers and banks in Cyprus. ...

Sailing together: US Naval cadets team up with Cyprus Navy

Sailing together: US Naval cadets team up with Cyprus Navy

In a powerful show of friendship and maritime cooperation, the Cyprus Navy welcomed midshipmen from the U.S. Naval Academy aboard one of its vessels this week, deepening the strategic ties between the two nations....

New U.S. travel ban to block visitors from nearly 20 countries

New U.S. travel ban to block visitors from nearly 20 countries

In a move that echoes one of the most controversial policies of his presidency, former U.S. President Donald Trump has signed a new travel proclamation that blocks or restricts entry into the United States from nearly 20 countries....

Green light for six-story apartment block in former refinery zone

Green light for six-story apartment block in former refinery zone

A new six-story residential building is coming to Larnaca’s Chrysopolitissa parish after the Environmental Authority approved plans for the project, which is set to transform a plot within the old refinery zone into modern housing....

The firefighter who refused to stay silent

The firefighter who refused to stay silent

In one of the darkest chapters of modern Greek history, when flames engulfed the seaside town of Mati in July 2018, claiming 104 lives in a matter of hours, it wasn’t just the fire that left scars; it was the lack of response and accountability....

Knife attack in Limassol leaves 23-year-old hospitalized

Knife attack in Limassol leaves 23-year-old hospitalized

Two men of Indian origin were attacked by four others from their community early Wednesday in Limassol. A 23-year-old victim was stabbed and hospitalized in stable condition....

UK firm to conduct accreditation inspection at Ercan Airport

UK firm to conduct accreditation inspection at Ercan Airport

In a televised interview, it was stated that international accreditation procedures for the illegal Ercan (Tymbou) airport are expected to proceed after the Muslim holiday of Eid al-Adha....

Children in special education can stay in school until age 22

Children in special education can stay in school until age 22

Children in special education programs in Cyprus will now be allowed to remain in school until age 22, President Nikos Christodoulides announced Thursday, extending the current age limit by one year....

Earthquake strikes in the sea area between Cyprus and Turkey

Earthquake strikes in the sea area between Cyprus and Turkey

A moderate earthquake was recorded early on Thursday morning, June 5, in the sea area between Cyprus and Turkey. ...

Man attacked with pipe and chain in roadside assault

Man attacked with pipe and chain in roadside assault

A 39-year-old man has been arrested in connection with the violent assault of a 34-year-old man in Chloraka, police said Thursday....

Hello, heatwave: 37°C and climbing. Summer’s here, ready or not

Hello, heatwave: 37°C and climbing. Summer’s here, ready or not

If you’re reading this with a glass of cold water in one hand and your toes peeking out of flip-flops for the first time this year, you're not alone. The heat has officially arrived, and it’s not pulling any punches....

8 lambs euthanized after seizure near buffer zone

8 lambs euthanized after seizure near buffer zone

Eight lambs found in a truck stopped near the buffer zone were euthanized because their origin could not be verified, authorities said Tuesday....

Cyprus exits EU’s macroeconomic imbalance list as Brussels urges reforms in innovation, energy, and education

Cyprus exits EU’s macroeconomic imbalance list as Brussels urges reforms in innovation, energy, and education

Cyprus is no longer considered a country with macroeconomic imbalances, the European Commission announced Wednesday in its 2025 Spring Package, marking a significant milestone in the nation’s post-crisis economic recovery....

Paralimni-Deryneia earns most Blue Flags in Cyprus as island celebrates record year for beach quality

Paralimni-Deryneia earns most Blue Flags in Cyprus as island celebrates record year for beach quality

The Municipality of Paralimni-Deryneia has been recognized as the national leader in coastal excellence, receiving 18 of Cyprus’s 66 Blue Flag awards at the 2025 national ceremony held Wednesday at Fig Tree Bay, Protaras....

Fire breaks out in home near Arediou, residents suffer burns (VIDEO)

Fire breaks out in home near Arediou, residents suffer burns (VIDEO)

A fire that broke out Thursday afternoon between the communities of Arediou and Malounda destroyed five metal structures and left several residents with minor burns, officials said....

Unemployment drops 9.6% in May compared to last year

Unemployment drops 9.6% in May compared to last year

The number of registered unemployed in Cyprus fell to 7,378 in May, a 9.6% drop compared to the same month last year, according to figures released Wednesday by the Statistical Service....

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