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1. Traditional banks are funding more shadow loans

While lending increasingly grows in a demanding environment with geopolitical developments affecting the region and by extension Cyprus, the boundaries between traditional and shadow banking are becoming more and more blurred....

2. Government plans crackdown on public sector sick leave abuse

The government is preparing changes to the rules on sick leave across the public sector, saying the goal is to tackle abuse while protecting the system for employees who genuinely need time off because of illness....

3. Nature thrives in Cyprus’s forgotten buffer zone

The United Nations buffer zone in Cyprus, often called the "dead zone," has transformed over five decades of isolation into a thriving sanctuary for regional wildlife....

4. Nicosia’s iconic green space is getting a major facelift

For generations of Nicosia residents, the Municipal Garden has been more than just a patch of green in the heart of the capital. It has been a place for childhood memories, family walks, school trips, and quiet moments away from the city’s busy streets....

5. A €10 charge, a €23 million debate and a fight over responsibility

A new fee on garbage that could eventually affect household waste costs has turned into the latest political battleground in Cyprus, with the government and DISY trading accusations over who is responsible for the way the reform is being introduced....

6. Dreaming of buying a home? Eurobank launches a guide to make the mortgage journey less confusing

For many couples in Cyprus, the dream of owning a home often begins with a late-night conversation....

7. Cyprus expects hundreds of megawatts of energy storage by 2027

Cyprus expects to have several hundred megawatts of electricity storage capacity connected to the grid by the end of 2027, according to Energy, Commerce and Industry Minister Michalis Damianos....

8. A lifeline for small businesses or another state ''monster''?

European countries generally do not create state-run mechanisms that directly provide loans to small and medium-sized enterprises. Governments across Europe tend to avoid such structures because they are costly, bureaucratic, and often overlap with the role already played by banks....

9. Finally, cooler classrooms: 25 Cyprus schools begin €20 million energy transformation

For generations of students, hot classrooms, poor ventilation, and outdated school buildings have been a familiar part of the Cyprus school experience. ...

10. The navel of the world

Does anyone still doubt that Cyprus is the navel of the world? That everything revolves around our President, who proclaimed he was in constant contact with Ursula von der Leyen and Antonio Costa, insisting that the two EU leaders would raise the Cyprus issue with their host, Recep Tayyip Erdoğan, on the sidelines of the NATO summit?...

11. Cyprus gets new fiscal council chief as focus turns to public finances

Economist Dr. Andreas Charalambous officially took over as president of the Fiscal Council of Cyprus on Monday, succeeding Michalis Persianis, who has led the independent body in recent years....

12. Waste tax could leave households paying more before recycling systems improve

Political parties are still weighing their positions before Parliament votes on Tuesday on legislation introducing a tax on municipal waste sent to landfill, with only two parties having already confirmed they will vote against the proposal....

13. Limassol’s job market stays strong as finance and tech companies continue hiring

While many people are watching the cost of living and wondering where the next job opportunities will come from, Limassol’s employment market continues to show signs of strength, particularly in the finance and technology sectors....

14. What Cyprus can learn from Lithuania’s energy independence journey

Energy resilience is not achieved through technology alone. It requires a long-term strategy that combines political will, institutional cooperation, investment and continuous risk assessment....

15. Financial clarity: A key driver of SME stability in Cyprus

Small and medium-sized enterprises (SMEs) are central to the Cypriot economy. Yet, as the business environment evolves, many organisations are facing increasing pressure to manage not only growth, but also financial accuracy, compliance, and planning....

16. Baltic nations decouple from Russian grid to offer Cyprus an energy blueprint

Energy resilience requires more than just technological solutions. It demands a long-term strategy that brings together political will, institutional cooperation, investment, and ongoing risk assessment. ...

17. When you're paying three times more

Cyprus has a small, remote and open economy built around services. Those services rely on electricity every hour of every day to operate without interruption. It is no exaggeration to say that affordable power is the oxygen of a service economy....

18. Costa and von der Leyen press for renewed Cyprus settlement efforts

The European Union has expressed optimism that recent diplomatic engagement could help revive efforts to resolve the Cyprus issue, following talks between senior EU officials and Turkish President Recep Tayyip Erdoğan....

19. Whatever happens in Ankara...

When there is plenty of spectacle in Ankara, it seems perfectly suited to a president who once set up a wrestling ring in a tent on the White House grounds. Should the warm compliments the president of the "land of the free" directed at Turkey's semi-authoritarian leader be taken seriously?...

20. There are plenty of jobs, but the right workers are missing

The mismatch between employers' needs and the available workforce presents a greater challenge than labor shortages in key sectors of the Cypriot economy because it negatively affects both business competitiveness and the efficient use of available workers....

21. Residents and businesses reject Nicosia's €10.8m historic centre redevelopment plan

Business owners and residents in Nicosia's historic centre have rejected the municipality's proposed redevelopment plans, arguing that the project falls well short of what the area requires and calling for a substantially larger investment....

22. ESM report says Cyprus and Greece are the only eurozone countries expected to reduce debt through 2035

About half of the euro area countries, including the five member states that received assistance from the European Stability Mechanism (ESM), among them Cyprus, succeeded in reducing public debt and cutting deficits after the pandemic, thanks to the steady economic recovery and growing tax revenues....

23. EU approves emergency fertilizer support for farmers

Farmers across the European Union are set to receive financial assistance after the European Parliament approved emergency measures aimed at easing the burden of soaring fertilizer costs before the next planting season....

24. Cyprus faces severe 2030 electricity shortage without Vassilikos gas terminal

Cyprus faces a severe electricity deficit by 2030 unless the delayed natural gas terminal at Vassilikos is completed, Energy Minister Michalis Damianos told MPs on Tuesday....

25. Cape Town to Host First African Stage of the World Schools Team Championship with Freedom Holding Corp. as General Partner

he African Continental Stage of the FIDE ISCF World Schools Team Championship 2026 (WSTC 2026) will take place from 6 to 11 July at Stellenbosch University, in Cape Town, South Africa. The event is organised by the International Chess Federation (FIDE) and the International School Chess Federation (ISCF) with the support of general partner Freedom Holding Corp., the parent company of Freedom24...

26. Staffing gaps and construction noise plague Makarios Hospital children's cancer ward

A severe staffing shortage left just two nurses caring for 15 young patients at the Makarios Hospital pediatric oncology unit on a single night shift this week. ...

27. New Bean Bar opens in Alphamega Hypermarket Linopetra

28. Cyprus fights for vital air links as EU prepares to change state aid rules

The government has submitted a detailed package of six proposals to Brussels in an effort to shield the island’s aviation network from upcoming changes to European state aid regulations....

29. Cyprus dispatches firefighting aircraft to assist battle against southern Europe wildfires

The Republic of Cyprus has deployed two aerial firefighting aircraft to France to help suppress massive wildfires currently burning through the southern region of the country....

30. Pegasus blames airport fees for high fares to occupied north

A representative of Turkish low-cost carrier Pegasus has attributed the high cost of flights to the occupied north to fees imposed at the illegal Tymbou Airport, rejecting suggestions that airlines are responsible for the expensive fares....