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31. Texas-based AI powerhouse Tenstorrent expands to Cyprus

One of the fastest-growing U.S. artificial intelligence companies is looking to set up shop in Cyprus, in a move that could boost the island's ambition to become a tech hub in the Eastern Mediterranean....

32. They hung Annita out to dry

What can one say about highways, marinas, ports, and other major projects that either never finish or, when they do, cost multiples and are riddled with unbelievable delays that are never properly accounted for?...

33. Long-term government bonds face growing investor pushback

Governments around the world are encountering unexpected resistance in the bond markets as long-term debt issuances increasingly struggle to attract investors, marking a break from years of routine fundraising....

34. 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....

35. 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. ...

36. House Speaker pushes back on claims over spending

In response to public scrutiny and a report by Kathimerini's Apostolos Tomaras about parliamentary expenses, House Speaker Annita Dimitriou has stepped in to defend how taxpayer money is being spent, ...

37. Cypriots cruise into summer despite rising costs

Despite rising travel costs, Cypriots are going full steam ahead with their summer holiday plans, and this year, cruises are leading the way....

38. Despite presidential pleas, electricity bills set to rise again

Despite the president’s intervention, the Cyprus Electricity Authority (ΑΗΚ) has gotten its way once again, and consumers are set to face higher electricity bills....

39. 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. ...

40. Cypriots ready to embrace home energy storage, but only with subsidies, survey finds

A recent survey reveals strong Cypriot consumer support for expanding household photovoltaic (PV) systems with battery storage, but adoption hinges on government subsidies, according to research by Realpolls presented at the Green Agenda Cyprus Summit....

41. Single-parent families get fairer deal under new benefit rules

Cyprus is scrapping a controversial rule that cost many single-parent families their financial support....

42. €100 ER fee only for tourists, not GESY patients

Patients covered by Cyprus’s national health system (GESY) and other approved groups will not be affected by the recently announced €100 advance fee for Accident and Emergency Department (A\&E) visits, health officials confirmed on Tuesday....

43. King’s Gardens: A Prime Investment in the Heart of Nicosia

44. Green Agenda Cyprus Summit 2025: Paving the way for a greener future

As part of Cyprus’ ongoing effort toward a successful Green Transition, and with the broader goal of becoming a model for eco-friendly living and sustainable development, the Green Agenda Cyprus Summit was held for the second consecutive year, drawing strong participation and praise....

45. EU proposes €2 fee on packages from China-based retailers like Shein and Temu

The European Union is planning to introduce a flat fee on billions of small parcels entering its borders each year, most of them from China....

46. EAC Chairman admits project costs overstated, downplays need for tariff hike

The Board of Directors of the Electricity Authority of Cyprus (EAC) is set to review potential electricity tariff adjustments this week, but EAC Chairman Giorgos Petrou said he does not expect a rate increase will be necessary....

47. Fix the roads, save lives

Just two days ago, new data was released on fatal road collisions by district, covering the year so far. Sadly, not a single silver lining can be drawn from the figures. ...

48. Cyprus meets Cambodia: A bridge to bold business ventures

For Cypriot entrepreneurs and companies, this is more than a passing opportunity; it’s a golden ticket into a vibrant, fast-growing market of over 600 million people....

49. New 15% tax hits Hellenic and other banks

Hellenic Bank has just become the poster child for how Cyprus’ new 15% minimum tax law is starting to shake up the financial sector — and it’s not just about tax bills....

50. Cyprus’ classrooms are changing, and so is the country

If it's true that compulsory education reflects the society of the future, then Cyprus is on the cusp of transformation, shaped by its ''new Cypriots'': children of migrant families who grow up speaking many languages, far more than those traditionally spoken on the island....

51. Cypriots worry AI threatens artists’ livelihoods, Eurobarometer survey finds

A majority of Cypriots are concerned that artificial intelligence could harm the livelihoods of artists, according to a Eurobarometer survey published Thursday, reflecting wider European unease about the role of AI in the cultural sector....

52. Greece targets ferry duopoly as costs soar and competition sinks

Greece’s Competition Commission has launched a full investigation into the coastal passenger ferry industry following evidence of price-fixing and market distortion among dominant operators....

53. First Pandora and New Balance stores open in Cyprus

Cyprus shoppers have something new to be excited about, the country’s first-ever Pandora Jewellery and New Balance stores are opening at Nicosia Mall. ...

54. Surprise surprise, Cyprus near the top again in EU electricity costs

Cyprus had the second highest electricity prices in the European Union relative to consumer purchasing power in the second half of 2024, according to new data from Eurostat, the EU’s statistical agency....

55. Education Ministry slammed for millions spent and cut corners in dodgy deals

A deep dive by Cyprus’ Auditor General has uncovered a troubling pattern in how the Ministry of Education, Sport and Youth has been handling public project contracts, and the red flags go back nearly a decade....

56. PwC Cyprus: The Cypriot real estate market maintained its momentum in 2024

PwC Cyprus presents its annual report on the Cypriot real estate market, outlining the main developments and trends of the sector during 2024, through detailed analysis and the use of extensive databases as well as the firm’s sectoral expertise....

57. Cyprus avoids water cuts, but your bill might take a hit

Cyprus has sidestepped water cuts this summer thanks to a last-minute deal with the United Arab Emirates for 15 mobile desalination units....

58. Jumbo eyes Larnaca and Protaras for future expansion, but no timeline yet

Retail giant Jumbo has confirmed its interest in opening two new stores in Cyprus, one in Larnaca and another in Protaras, but clarified that there’s no set plan or timeframe at this stage. ...

59. AI adoption could boost global GDP by an additional 15 percentage points by 2035, as global economy is reshaped: PwC Research

New research published today by PwC reveals that AI has the potential to boost global economic output by up to 15 percentage points over the next decade. ...

60. Cypriot unions to hold bi-communal May Day rally in Nicosia Buffer Zone

Greek Cypriot and Turkish Cypriot unions will mark May Day with a joint rally Thursday in the United Nations-controlled buffer zone in Nicosia, calling for peace, workers’ rights and renewed efforts toward reunification....