Search

31. Cyprus banks hit record high profits despite ECB rate cuts

Despite the European Central Bank (ECB) preparing for its sixth interest rate cut since June 2023, bank profits in Cyprus have soared, marking two consecutive years of record earnings. ...

32. Cypriots consume 142.7kg of vegetables per year, data reveals

Cypriots consume a significant amount of vegetables annually, with each individual averaging 142.7 kilograms per year, according to data from the Cyprus Statistical Service....

33. Unemployment in Cyprus inches up but remains below EU average

Unemployment in Cyprus ticked up slightly in January 2025, reaching 5.0%, compared to 4.9% the previous month, according to new data from Eurostat. Despite the monthly rise, the overall trend remains positive, with unemployment lower than the 5.3% recorded in January 2024....

34. Global fintech investment falls to seven-year low of $95.6 billion in 2024, but uptick in Q4’24 is a sign of cautious optimism says KPMG’s Pulse of Fintech H2’24

2024 was another difficult year for fintech, with just $95.6 billion of investment globally across 4,639 deals....

35. How Cyprus became the secret hub of the global porn industry

When people think of Cyprus, they picture sunny beaches, rich history, and perhaps a financial hub. But what few realize is that the island is also home to some of the world's biggest players in the adult content industry....

36. Cyprus tops EU in female enrollment for Master’s and Doctorate programs

In a groundbreaking achievement, Cyprus has been recognized for having the largest share of women pursuing master's studies in 2022 among all EU member states, according to the latest data from Eurostat, the European Union’s statistical service....

37. Cypriot students among EU’s highest in e-cigarette and hookah use

A recent European-wide survey (ESPAD) has revealed that Cypriot students rank among the highest in Europe for e-cigarette and hookah use, with 4.6% reporting daily use—well above the European average of 3.1%....

38. Cyprus launches high-tech underwater drones to safeguard artificial reefs

Cyprus is making waves with a groundbreaking project that uses small, high-tech underwater drones to keep an eye on artificial reefs designed to help marine life thrive. ...

39. Outrage over excessive inspection charges in Takata airbag recall

Companies conducting vehicle inspections as part of the Takata airbag recall are under fire for imposing hefty administrative fees, with some charging up to €160 for inspections that should be free under European regulations. ...

40. Famagusta region’s bold tourism campaign breaks records in foreign markets

Famagusta's first-ever coordinated online tourism campaign promoting the province to foreign markets wrapped up with impressive results, surpassing all expectations and laying the groundwork for an even more dynamic follow-up in 2025....

41. Pavlos Kontides named 'Man of the Year' at 23rd awards ceremony

The spotlight was on Cypriot sailing champion Pavlos Kontides on Wednesday, February 26, 2025, as he was awarded the prestigious Man of the Year title at the 23rd Bank of Cyprus Man of the Year Awards ceremony....

42. Youth clash on Larnaca's Makarios Avenue, sparks police hunt

A chaotic scene unfolded on Makarios Avenue in Larnaca on the night of Wednesday, February 26, when a confrontation broke out among a group of young men. According to police reports, the incident involved individuals of Arab origin....

43. Cyprus rolls out the red carpet for civil servants

A decade after the financial crisis that forced Cyprus to slash public sector benefits under the terms of its bailout agreement, the government is now gradually rolling back austerity measures — handing back perks to civil servants in a move seen as both politically strategic and potentially risky....

44. Cyprus tax reform: A win for families, a challenge for businesses

Cyprus is set to undergo its first major tax reform in over 20 years, with changes expected to align the system with the country’s evolving economic landscape....

45. Calls for action against energy poverty amid tragic deaths

Political parties are urging immediate action against energy poverty following a series of fatal fires caused by unsafe heating conditions....

46. Prices of everyday essentials surge in January

Consumers felt the pinch in January as the prices of 26 staple products rose, with 11 categories jumping by more than 3%, according to the latest Consumer Product Price Watch. ...

47. Terror alert at Larnaca Airport as security forces scramble after tip-off (video)

A security alert was issued at Larnaca Airport on Monday morning after authorities received information that a suspected terrorist was aboard an incoming flight from Moldova....

48. Second fatal fire in a week as 33-year-old dies in Limassol blaze

Limassol is reeling from another fire-related tragedy, just days after a family of five lost their lives in their sleep due to a suspected faulty electrical appliance. ...

49. Drone gets attacked by eagle while filming in Cyprus (video)

A surprising twist to a photographer’s peaceful landscape shoot in Cyprus turned into an unforgettable moment of nature’s raw power....

50. 2024 global VC investment rises to $368B as investor interest in AI soars

Global VC investment rose from $349.4 billion across 43,320 deals in 2023 to $368.3 billion across 35,684 deals in 2024 despite a multitude of challenges, including global conflicts and geopolitical tensions, uncertainties associated with a significant number of major elections—...

51. The Road to Prosperity

Browsing social media I have recently come across a map showing all the countries with GDP per capita higher than Poland’s back in 1990 and in 2018....

52. Growing interest in medical schools prompts accreditation guidelines

The increasing interest in establishing medical schools in Cyprus has led the Agency for Quality Assurance and Accreditation in Higher Education to outline key requirements for their operation....

53. One in three short-term rental accommodations is illegal

54. Limassol fire tragedy: Victims identified as authorities probe cause

Authorities have released the names of the five family members who perished in a devastating house fire in Limassol early Saturday morning, as investigations continue into what sparked the deadly blaze....

55. Serious allegations regarding fuel prices and black market of photovoltaic systems

Marios Drousiotis highlighted an official admission from the Ministry of Energy, Commerce, and Industry confirming consumers' long-standing complaints about human error affecting fuel price monitoring, resulting in inflated prices....

56. Parallel projects on Tseriou Ave cause confusion amid €33M overhaul

The redevelopment of Tseriou Avenue consists of two parallel projects, creating confusion in the area and significant inconvenience for shopkeepers and residents....

57. Women in Cyprus inch toward equality in science

The number of women working in science across the European Union has been on the rise....

58. Say cheese, not conflict: Ministry pushes for Halloumi consensus

The Ministry of Agriculture has emphasized that issues surrounding PDO Halloumi can be resolved through dialogue and transparency....

59. Groundbreaking cancer study by Cyprus Institute of Neurology and Genetics

Researchers from CING have published a new study in Cancers, offering significant insights for the accurate staging and early detection of multiple myeloma....

60. EU's renewable energy progress in transport outpaces Cyprus

According to recent data from Eurostat, the EU saw an increase in the share of renewable energy in transport in 2023 compared to 2022, while Cyprus's share remained largely unchanged....