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1. The Christine Lagarde enigma

June's decision was never followed through. At the meeting one month later, the European Central Bank chose not to extend its restrictive monetary policy with another interest rate increase. The message in June had been clear. It was an immediate response to rising energy prices after fighting resumed in the Middle East....

2. Cyprus: Exporting potatoes, halloumi… and gas?

On Tuesday the 28th of July, 2026, the energy company Eni reached the Final Investment Decision (FID) for the development of the Cronos gas field, located in Block 6 of Cyprus’ Exclusive Economic Zone (EEZ)....

3. The housing crisis is not just about homes, it's about Cyprus’ future

The housing crisis is no longer a temporary economic difficulty. It is evolving into one of the European Union’s (EU) most significant public policy challenges, affecting social cohesion, demographic renewal, economic competitiveness, and the sustainable development of both cities and rural areas....

4. Five years, €1 billion and hundreds of projects: Cyprus closes its EU recovery chapter

The end of the summer marks the completion of Cyprus’ Recovery and Resilience Plan (RRP), effectively closing a five-year cycle of investments and reforms....

5. Where is Cyprus spending your money? €412 million poured into projects in six months

Cyprus recorded an increase in state development spending during the first half of 2026, according to a report by the Treasury on the implementation of the state budget....

6. New bidding system reshapes Turkish Cypriot property management

A new chapter in the management of Turkish Cypriot properties has begun with the implementation of the reform introducing competitive bidding procedures, which has been in progress since last February. In her interview with "K", the Director of the Service, Anthi Lakkotrypi, described it as a major reform....

7. Water Development Department says reclaimed water use is higher than reported

A report by Apostolos Tomaras in Kathimerini examined a long-standing issue concerning the use of treated wastewater across Cyprus. The topic has returned to the forefront of public debate in recent months due to declining water supplies for both drinking water and irrigation....

8. Cyprus signs key agreement for Aphrodite gas sales to Egypt

Cyprus has taken another step towards developing the Aphrodite natural gas field after a key agreement was signed for future gas sales to Egypt....

9. Limassol Mall is coming, but can the roads handle it?

The progress of the Limassol Mall project has once again brought the issue of traffic congestion in eastern Limassol to the forefront, with calls growing for urgent upgrades to the city’s road network....

10. Cyprus records EU's second-largest annual drop in public debt

Cyprus recorded the second-largest annual reduction in government debt among European Union member states during the first quarter of 2026, according to figures released by Eurostat on Tuesday....

11. Cyprus’ path to Schengen: Implications for employers

12. Cyprus plans major overhaul of vehicle import rules and dealer licensing

With a focus on transparent procedures, clearly defined responsibilities, and stricter oversight of the import and sale of new and used vehicles, the Road Transport Department is advancing two legislative initiatives....

13. Cypriots keep shopping despite inflation fears and global uncertainty

Consumer spending in Cyprus remains strong despite market uncertainty caused by inflationary pressures and the war in the Middle East....

14. 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....

15. 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....

16. Consumer spending remains resilient despite the war

Consumer spending in Cyprus remains resilient despite market uncertainty fueled by inflation and the conflict in the Middle East. Cypriots took advantage of the clearances that started around the end of June, focusing their shopping primarily on clothing and footwear....

17. Turkey begins work on gas pipeline to occupied north, setting its sights on Europe

Turkey has reportedly begun building a 101-kilometer natural gas pipeline linking its southern coast to the occupied north of Cyprus, in a move that could reshape the region's energy landscape if completed....

18. Greece blocks new EU sanctions over Russian gas to protect Greek shipping giant

Greece has delayed the European Union's latest round of sanctions against Russia, arguing that the proposed measures would severely damage a major Greek shipping company that transports Russian liquefied natural gas (LNG)....

19. Nearly three in 10 Cyprus homes have improved energy efficiency

Almost three in every 10 people in Cyprus were living in homes with improved energy performance in 2025, according to new figures released by Eurostat....

20. Mayor says Ledras and Onasagorou upgrade is ''unavoidable and long overdue''

The regeneration project of Ledras and Onasagorou pedestrian streets is ''necessary in every respect,'' Nicosia Mayor Charalambos Prontzos said, stressing that the municipality understands the concerns raised by some business owners but believes the upgrade cannot be delayed any longer....

21. 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....

22. Senior US Homeland Security officials visit Cyprus

The growing partnership between Cyprus and the United States was on full display this week as two senior US Homeland Security officials arrived on the island for high-level talks on security, migration and closer cooperation....

23. Commission approves €120 million Recovery Fund payment for Cyprus

Cyprus is set to receive another €120 million after the European Commission approved the country's sixth payment request under the Recovery and Resilience Facility (RRF), the flagship funding programme of NextGenerationEU....

24. Turkish Cypriots reject EU appointment of new Cyprus envoy

A sharp diplomatic rift has opened between Brussels and the Turkish Cypriot leadership following the European Commission's decision to appoint a new special representative for Cyprus....

25. EU appoints top official Raffaele Fitto as Cyprus envoy in push to restart talks

The European Union is stepping up its involvement in the Cyprus problem, with Brussels appointing one of its most senior officials, Raffaele Fitto, as its new Special Representative for the Cyprus issue....

26. Qatar's former ruler who forged ties with Cyprus dies, nation enters four days of mourning

The State of Qatar is mourning the death of its former ruler, Sheikh Hamad bin Khalifa Al Thani, a leader widely credited with transforming the Gulf nation and strengthening its ties with countries around the world, including Cyprus....

27. Invest Cyprus honours international companies at the 14th Invest Cyprus International Investment Awards

Invest Cyprus congratulates the companies recognised at the 14th Invest Cyprus International Investment Awards, acknowledging their contribution to the growth of the Cypriot economy....

28. Cyprus registers steep drop in irregular migrant arrivals

he Republic of Cyprus has recorded an 86% drop in irregular migrant arrivals over the last three years, according to data shared by Nicholas A. Ioannides, the Deputy Minister of Migration and International Protection....

29. Wealthyhood and Bank of Cyprus Launch Co-Branded Investing App

The first-of-its-kind partnership rolls out top-class wealthtech to all Cypriot residents, offering Bank of Cyprus customers instant account linking and frictionless investing....

30. European Parliament backs Cyprus with fresh report on Turkey and reunification

Just three weeks after its report on Turkey sent a strong message on the framework for resolving the Cyprus issue and rejected Ankara's "two-state" narrative, the European Parliament has adopted another report that reinforces Nicosia's positions....