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1. Fix the roads already! MP's tour Paphos projects stuck in limbo

From broken promises to broken roads, Paphos has had its share of delays. But on Friday, members of Parliament took to the streets, literally, to check in on a number of key infrastructure projects that locals say are long overdue....

2. Nicosia unveils €100 million plan to fix traffic chaos and modernize the capital

Nicosia is aiming for a major transformation, with over €100 million in urban and traffic upgrades on the table, as the capital struggles with decades-old road designs, mounting traffic, and growing frustration among residents....

3. U.S. may ask UK to open Cyprus base for Iran operations

The United States may ask the United Kingdom to allow American refueling aircraft to operate from Britain’s military base in Cyprus, as former President Donald Trump considers launching strikes on Iran in response to the escalating war with Israel....

4. Bollywood, bots, and big bucks as Cyprus becomes India’s new business and movie hub

In a major boost to Cyprus’s economy and international standing, two Indian companies have officially announced their expansion into the country, with more than 20 others reportedly exploring similar moves....

5. ECB poised for fall rate decision as growth, tariffs, and inflation weigh in

The European Central Bank will reassess its interest rate policy this fall, weighing whether additional cuts are necessary after a recent series of reductions brought its main rate to 2%, with inflation easing to 1.9%....

6. e-kalathi goes live as Cyprus’ new price-checking app aims to ease the grocery bill

A new digital tool aimed at helping Cypriot consumers fight rising prices officially launched Thursday. The platform, called e-kalathi, allows shoppers to compare prices of everyday goods across major supermarkets in real time, potentially saving families money at a time when inflation is still biting....

7. Clear skies dominate the week with with a hint of summer showers

Today’s forecast brings mostly sunny skies across the island, offering plenty of opportunities to enjoy the outdoors....

8. U.S. to EU: Drop your tariffs or face new trade war, Financial Times reports

In a stark escalation of trade tensions, the United States is pressing the European Union to drop tariffs on American goods without expecting the same in return or face a new wave of steep US duties, the Financial Times reports....

9. Joe Biden diagnosed with advanced prostate cancer

Former U.S. President Joe Biden, 82, has been diagnosed with an aggressive form of prostate cancer that has spread to his bones, according to a statement from his office on Sunday....

10. Monday blues with a side of sunshine!

Welcome to Monday, because weekends can’t last forever, and apparently, neither can spring....

11. Cyprus proposes opening Turkish port to Cypriot ships

In a move that could significantly alter Cyprus-Turkey relations, Cyprus has reportedly made a proposal to Turkey to open one of its ports to Cypriot-flagged ships, a long-standing issue that has been unresolved since 1987....

12. Coffee up, veggies down: March prices shift across Cyprus

Shoppers in Cyprus may have noticed some familiar staples getting pricier last month, with Cypriot coffee and frozen burgers topping the list of products with the biggest price jumps in March....

13. Grants up to €35,000 for renovating empty homes – with a catch.

The Ministry of Interior has officially launched the ''Renovate-Rent'' Scheme, opening the door for property owners to receive grants of up to €35,000 to fix up vacant homes — as long as they rent them out affordably....

14. Prices drop for most basic goods, but fresh produce keep climbing

Good news for shoppers—most basic goods saw a price drop in February, according to the latest Consumer Price Observatory report from the Consumer Protection Service. However, if you're buying fresh vegetables and greens, you might have noticed your grocery bill going up....

15. ECB cuts interest rates by 25 points as inflation eases

The European Central Bank (ECB) announced on Thursday a fresh interest rate cut, lowering its three key rates by 25 basis points in a bid to support the eurozone economy as inflation gradually eases....

16. 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. ...

17. 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....

18. Nicosia's old GSP transformed into urban park ready for public use

The long-awaited redevelopment of the old GSP site is nearly complete and is set to be handed over to the Nicosia Municipality in March. ...

19. Paphos-Polis ''killer road'' to become four-lane highway after years of delays

The long-debated Paphos-Polis Chrysochous road project is finally moving forward—with a major upgrade. What was once planned as a two-lane highway will now be a four-lane road, a move the government says will improve safety and boost economic growth in the region....

20. 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....

21. Turkish Airlines’ ‘Pet Lounge’ gives furry travelers first-class perks

It seems Turkish Airlines is tired of its furry passengers feeling left out of the first-class treatment. The airline, which already prides itself on flying to more countries than any other, just rolled out a ‘Pet Lounge’ at Istanbul Airport....

22. Starting 2025 with clear skies and cool breezes

Happy second day of the year! How are those New Year’s resolutions holding up? Whether you're sticking to your goals or still easing into 2024, today’s weather is here to keep things calm and enjoyable....

23. Bank of Cyprus rolls out support measures for vulnerable groups

After a tense voting session last week, when the bill to tax bank profits narrowly failed to pass in Parliament, the Bank of Cyprus seems to be stepping up with measures aimed at helping vulnerable communities across the island. ...

24. Cyprus talks stalled: Crossing points block path to UN conference

Negotiations over the Cyprus issue are heating up, with both sides digging in ahead of a potential UN-led international conference in early 2025. ...

25. Moody’s Nick Hill on financial risks and opportunities for 2025

In an insightful conversation with Kathimerini's Panayiotis Rougalas, Nick Hill discusses the key macroeconomic risks and opportunities facing the region in 2025....

26. Sense of optimism surrounds roadblock talks

27. Geopolitical turbulence presents a looming threat to 2025 economic growth

Speaking at the 20th Economist Conference in Nicosia, Nick Hill highlighted the macroeconomic and geopolitical challenges shaping the global financial environment....

28. Hellenic Bank CEO Michalis Louis on merger plans and Cyprus' future

According to Kathimerini's Panayiotis Rougalas, Michalis Louis, in his first interview since becoming CEO of Hellenic Bank, discussed the challenges and opportunities ahead, especially in the context of the bank’s merger plans and its strategies for growth....

29. AI in Finance: Embrace the Future or Be Left Behind

Technology is changing how we do everything, and finance is no different. ...

30. Business loans on the rise in Cyprus, but consumer borrowing takes a hit

Cyprus experienced a rise in net new loans in October, driven primarily by businesses borrowing more, especially for amounts exceeding €1 million. ...