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1. Cypriot banks on the rise as credit upgrades could mean cheaper loans for all

Cypriot banks are starting 2025 on a high note, collecting credit upgrades from major international rating agencies and setting the stage for wider economic benefits that could reach the average citizen....

2. Is development finance the key to fixing London’s housing crisis?

London’s housing crisis is certainly nothing new, but its consequences are becoming increasingly harder to ignore....

3. Ancoria Bank shifts to Cypriot hands in major shake-up

Banking changes in Cyprus are rolling full steam ahead in 2025, with Ancoria Bank now seeing a major shift in its ownership. Entrepreneur and co-founder of XM, Kostas Kleanthous, has reached an agreement to buy more than 50% of Ancoria Bank, making him the new majority shareholder. ...

4. Trump’s tariffs aren’t the real threat, Cyprus needs a wake-up call

The first reaction in Cyprus to Trump’s tariffs was the worry that halloumi, salt, and olive oil would become more expensive....

5. Rents keep climbing, but house prices aren’t going anywhere

If you’re renting in Cyprus, you’re not imagining it; it really is getting more expensive year after year. New figures from Eurostat confirm that rents on the island jumped by 4.6% in 2024 compared to the previous year, continuing a steady upward trend that’s been going on since 2017....

6. From water woes to bank bets, here are the stories to follow

7. Cyprus surges ahead amid global economic headwinds

It’s hard to overstate the progress Cyprus has made in recent years. Once overshadowed by economic turmoil, the island has emerged as a standout in the Mediterranean, blending resilience with opportunity....

8. Trash, lies, and box files: Busted by his own dumping

You’d think that if someone were to illegally dump a load of office junk in a field, they’d at least have the foresight to remove the labels with their name on them. But no, apparently, some people like to leave a calling card....

9. Drugs, violence, and fear as Cyprus schools face growing crisis

Concerns are mounting over increasing drug use, violence, and delinquency in Cyprus' schools, with experts and officials warning that urgent action is needed....

10. Nicosia Mayor sounds alarm over city's financial crisis

Nicosia’s mayor, Charalambos Prountzos, has raised the alarm over the capital’s financial situation, warning that without immediate state support, the municipality will struggle to meet its obligations. ...

11. Nearly 1 in 5 households in Cyprus unable to keep homes warm

A recent European report has shed light on a concerning issue in Cyprus: nearly one in five households is struggling to keep their homes warm....

12. Aegean reports strong 2024 results with record revenue and passenger growth

AEGEAN announces its operating and financial results for fiscal year 2024....

13. Cyprus Government unveils plans to tackle housing crisis

Cypriots struggling with the growing housing crisis can breathe a little easier, thanks to new government measures aimed at making homes more affordable and accessible....

14. Cyprus farmers face ruin as drought devastates crops

Cypriot farmers are staring down a bleak future as a third consecutive year of drought wreaks havoc on their crops. Many now face tough decisions, with some fearing financial ruin as their fields dry up and their harvests fail....

15. 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....

16. Farmers face devastating crop losses as freezing temps hit hard

Cyprus’ farmers are facing major losses as freezing temperatures from the Coral weather system devastate crops across the island. The Ministry of Agriculture, Rural Development, and Environment has vowed to step in quickly, promising immediate support for those affected....

17. Farmers battle brutal frost as ‘Coral’ cold front devastates crops

The bitter cold brought by the Coral weather system has left Cyprus' farmers reeling as frost has destroyed their hard-earned crops overnight....

18. Carnivals are a celebration of life, even during tough times

"You're only good for carnivals"—a common refrain heard every year during the Limassol Carnival, often spoken with a moralizing, didactic tone by those who disdain the mass, rambunctious, and carefree celebration....

19. Priced out: Londoners live in empty schools and offices as rents soar

According to CNN, as London’s rental crisis deepens, a growing number of residents are opting to live in disused schools, office buildings, and even an old cathedral to escape skyrocketing housing costs....

20. 100% tax on foreign buyers in Spain

Spain’s Prime Minister Pedro Sanchez has proposed bold measures to address the country’s housing crisis, including a 100% tax on homes purchased by non-EU foreigners....

21. €14.7 million U.S.-backed upgrade to transform Cyprus airbase

The official announcement regarding the upgrade of the ''Andreas Papandreou'' airbase by the U.S. undoubtedly strengthens bilateral relations between the two countries....

22. Funeral parlors accused of paying bribes for bodies

Licensed funeral parlor owners in Cyprus are raising alarm over what they describe as an alarming trend of illegal funeral homes bribing hospital workers to secure the bodies of the deceased. ...

23. Biden announces $770 payments for California wildfire victims

In an effort to provide swift relief to those affected by California's devastating wildfires, President Joe Biden announced one-time payments of $770 for victims....

24. Los Angeles wildfires rage on, leaving 11 dead and a city in ashes

As fires ravage Los Angeles for a fifth straight day, the death toll has climbed to at least 11 people, and over 140,000 acres have been scorched, leaving entire neighborhoods in ashes....

25. AI to shake up banking putting thousands of jobs at risk

The global banking industry is bracing for a seismic shift as artificial intelligence (AI) continues to revolutionize the sector. A recent study by Bloomberg Intelligence predicts that up to 200,000 jobs in banking will be eliminated over the next three to five years as AI takes over tasks currently performed by employees....

26. 2024: A year of change and controversy in Cyprus

2024 was a year of upheaval and drama for Cyprus, marked by significant changes, political reshuffling, court decisions, and constitutional challenges. The events listed below highlight some of the most important moments that defined the year. ...

27. Homeownership in Cyprus drops below EU average

In 2023, 68.8% of Cypriots owned their homes, slightly below the EU average of 69.2%, according to Eurostat. Conversely, 31.2% of the population lived in rented housing, just above the EU average of 30.8%....

28. France's government falls in historic no-confidence vote

France is facing a deep political crisis after Prime Minister Michel Barnier’s government was ousted by a no-confidence vote, just three months into his term. This marks the shortest-lived administration in France’s Fifth Republic, which began in 1958....

29. Housing crisis looms as Limassol property prices skyrocket (video)

Limassol has seen a dramatic surge in property prices over the past five years, with rents and home prices doubling—and in some cases, tripling....

30. Temporary truce in the healthcare sector as December showdown looms

A temporary truce has been reached in the healthcare sector following the 48-hour doctors' strike....