Search

1. “The right time is coming and it will come soon,” vows Greek Foreign Minister regarding Crete-Cyprus power link

Greek Foreign Minister Giorgos Gerapetritis reaffirmed Greece’s commitment to the Crete-Cyprus electricity interconnection project, stating that it will proceed as planned and “at the right time,” during a recent interview....

2. Paphos Mayor: ‘I am under coordinated attacks’

Paphos Mayor Phedon Phedonos says he is facing coordinated attacks from a small but organized group with significant interests, but insists he won’t be intimidated....

3. 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....

4. 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....

5. 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. ...

6. 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....

7. 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....

8. Cyprus’s booming defense industry nets €40M as officials call for faster growth

Cyprus’s defense industry has grown tenfold in recent years, with approximately 30 companies now generating an estimated €40 million in revenue annually, officials revealed Tuesday during a session of the Parliamentary Committee on Energy, Commerce and Industry....

9. EY announces the appointment of 4 new partners in Cyprus

EY Cyprus is pleased to announce that its leadership team has been strengthened with the addition of four new partners:...

10. Deloitte Cyprus welcomes two new partners

Deloitte Cyprus is pleased to announce the growth of its leadership team with the appointment of two new partners, effective 1 June 2025....

11. Cyprus has the sun, now it needs the tech

What if Cyprus could go from Europe’s most expensive electricity to a clean energy powerhouse?...

12. Shock bills, football fixes & a U-turn on Makarios Ave: Cyprus' week of curveballs

From electricity bills getting a surprise bump to football clubs sliding past tax rules (again) and a Nicosia street project taking a literal U-turn, this week was full of plot twists. ...

13. Interior Minister proposes cutting deputy mayors, cites need for local government reform

Interior Minister Konstantinos Ioannou said the government is considering proposals to reduce the number of Deputy Mayors across Cyprus, calling the current figure of 93 “excessive.”...

14. Cyprus’ archaeological nerve center shuts its doors

It’s the end of a chapter in Cyprus’ archaeological history, and for many, the loss hits close to home....

15. Trump’s trade war drives tourists away from U.S.

Tourists from nations hardest hit by President Donald Trump's trade tariffs are increasingly avoiding trips to the United States, according to new data from hotel search site Trivago....

16. India turns its gaze to Cyprus as gateway to Europe and the Middle East

Cyprus is emerging as a promising bridge between India and the broader regions of Europe and the Middle East, with business ties between the two countries gaining serious momentum....

17. Global VC investment rises in Q1’25 on back of record-setting $40 billion Open AI deal, according to KPMG’s Venture Pulse

Global VC investment surged from $118.7 billion in Q4’24 to an eleven-quarter high of $126.3 billion in Q1’25, despite ongoing geopolitical conflicts and tensions, continued concerns about global trade and tariffs, and the delay of a major reopening in the IPO market....

18. Cyprus sides with Israel in EU rift over Gaza aid access

Cyprus has drawn criticism for breaking ranks with most of the EU by opposing a Dutch-led push to review the EU’s political and economic ties with Israel over its ongoing blockade of humanitarian aid into Gaza....

19. EU lawmakers approve tariff hikes on Russian, Belarusian agricultural imports

The European Parliament voted Thursday to impose higher tariffs on fertilizers and select agricultural products from Russia and Belarus, aiming to curb the bloc’s reliance on imports from the two countries....

20. Cypriots rush to borrow as rates drop, but are banks repeating old mistakes?

As interest rates continue their downward trend, and with further cuts expected, borrowers are feeling more confident. This isn’t hearsay from bank insiders or coffee shop chatter; ...

21. All aboard! Cyprus–Lebanon ferry to set sail by Summer 2025

A new ferry route connecting Cyprus and Lebanon is set to launch in early summer 2025, marking a promising step forward for regional travel and offering a fresh link between Larnaca and the Lebanese coastal city of Jounieh, just north of Beirut....

22. Turkish Academy grants observer status to breakaway state in north

The Turkish Academy has granted observer status to the so-called turkish republic of northern cyprus (trnc), according to Turkish media reports, marking what they describe as “yet another new status” for the breakaway entity....

23. India’s business titans set up shop in Cyprus, opening door to EU expansion

Cyprus is emerging as a key gateway for Indian companies seeking access to European and Middle Eastern markets, with the arrival of two major conglomerates, Thomas Cook India and LTIMindtree, signaling a new phase of economic cooperation....

24. Timur Turlov at New York Eastern Mediterranean Business Summit: ''Cyprus is our European gateway to global markets''

Freedom Holding Corp. is driven by a mission to build bridges between regions and make global markets more accessible — an ambition powered by innovation and modern technologies, including artificial intelligence. ...

25. PwC Cyprus sponsors the Reflect Festival 2025 - the Premier Tech & Entrepreneurship Event Connecting Europe, Africa, and the Middle East

PwC Cyprus once again took center stage at Reflect Festival 2025, held on 15-16 May in Limassol, reaffirming its commitment to fostering innovation and leadership in the business world....

26. Christodoulides pushes bold reform for better schools and a smarter Cyprus

Big promises are starting to take shape, and this time, it’s the kids who stand to benefit most....

27. “Yes, but” diplomacy: The hypocrisy at the heart of our moral collapse

Alongside relentless economic precarity, the erosion and impoverishment of the middle class, environmental and public health crises, and of course the grotesque wars that have returned to Europe and the Middle East with a shocking savagery after decades, the 21st century seems to have ushered in a spiritual backslide, a collapse into the cheap and the populist....

28. New U.S. bill eyes Cyprus as key player in countering China’s Belt and Road

A bipartisan group of lawmakers has introduced the Eastern Mediterranean Gateway Act, a bill designed to elevate the Eastern Mediterranean in U.S. foreign policy and strengthen partnerships with countries in the region, including Cyprus....

29. Eurobank | Limassol welcomed the 1st India-Greece-Cyprus Business Forum

30. Andreas Neocleous, Omiros Pissarides, Eirini Hadjisavva, and Marios Tannousis to Speak at Green Agenda Cyprus Summit

This year’s Sustainable Development Conference aims to support and enhance Cyprus’s national strategy for the Green Transition....