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1. Cyprus catches padel fever and takes it to the Mediterranean Games

The sport that seems to have taken over half of Cyprus’ free time is heading to the Mediterranean Games....

2. Paphos airport passenger traffic rebounds despite difficult tourism season

Paphos Airport recorded a 7% increase in passenger traffic in July compared with the same month last year, offering one of the clearest signs yet that travel demand is recovering after a difficult start to 2026....

3. A grand piano is heading into the Troodos mountains

A grand piano is heading high into the Troodos mountains, where music will meet nature beneath the open sky....

4. Nearly 54,000 people now work for the Cyprus government

The Cyprus government had 300 more people on its payroll in July than it did a year earlier, pushing total state employment to 53,747....

5. Freedom Holding Corp. reports 40% revenue growth in Q1 FY2027

Freedom Holding Corp. (Nasdaq: FRHC), the parent company of Freedom24, has announced its financial results for the first quarter of fiscal year 2027, covering the three months ended June 30, 2026. The company reported total net revenue of $732.5 million, up 40% year on year from $524.0 million in the same period last year....

6. Cyprus’ economy is growing. So why does life still feel so expensive?

Cyprus’ economy may be growing, but many households could be forgiven for wondering where that growth has gone....

7. Financial instability in the occupied area threatens future reunification plans

Up until now, all parties, including the Greek Cypriot side, have operated under the assumption that they don't need to tackle the fiscal viability of the successor state in the occupied area. That mindset is dangerous, especially when the necessary fixes aren't actually out of reach, so long as someone takes action....

8. Ilio Rodoni Appointed General Manager of Hilton Nicosia

Ilio Rodoni has been appointed General Manager of Hilton Nicosia, succeeding Mr. Evros Stylianou following his recent retirement....

9. Excavations at Chloraka uncover new evidence of prehistoric Cyprus

Archaeologists working at the Chalcolithic settlement of Chloraka-Palloures have uncovered houses, burial sites, rare metal artefacts and a large collection of figurines, adding valuable evidence about the lives and culture of people who lived in prehistoric Cyprus....

10. Cyprus Construction Sector: Strong Momentum Meets Rising Uncertainty

The latest Q1 2026 data confirm that Cyprus' construction sector continues to demonstrate remarkable resilience, supported by a strong investment pipeline, expanding construction activity and healthy business confidence. Building permits, production and lending indicators all remain consistent with sustained sectoral growth....

11. Expanding into Cyprus: A Practical Guide for International Businesses

Expanding or relocating business operations is one of the most important strategic decisions an organisation can make....

12. Iconic Tourism Landholding in the Coastal Area of Alaminos with Licensed Hotel Development and Panoramic Sea Views

An exceptionally rare investment opportunity is available in the coastal area of Alaminos, in Larnaca district. The property consists of three adjoining tourism-designated plots offered for sale as a single unit, with a total land area of 108,457 sq.m., at an indicative price of €4 million....

13. Cyprus Airways strengthens maintenance partnership with Bird Aviation

Cyprus Airways has signed an agreement with Bird Aviation for the provision of heavy maintenance services, further strengthening the successful cooperation between the two companies and reaffirming the airline’s commitment to safety, reliability, and operational excellence....

14. Government-municipality funding battle shows no sign of ending

The dispute between the government and the Union of Municipalities over state funding for local authorities shows no sign of ending. ...

15. The €55 million deal that topped Cyprus' property market

Land dominated Cyprus' biggest property transactions during the first half of 2026, with Limassol recording the largest sale of the year and investors continuing to target development sites across the island....

16. The projects that could transform Cyprus are waiting for one final 'yes'

Imagine a brand-new city rising where Larnaca's old oil refineries once stood, a world-class medical campus opening in Nicosia and a new international school welcoming nearly 2,000 students in Limassol. ...

17. 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....

18. 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)....

19. From Chatbots to Co-Workers: Why companies struggle to capture the value

The leaders are pulling away on cost, on growth, on margin. The gap is not a technology gap, it is an operating-model gap. Three failures explain the gap, and the leaders have designed around all three....

20. 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....

21. 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....

22. New electric vehicle subsidy scheme expected in 2027

Although electromobility continues to gain popularity among both consumers and car importers in Cyprus, the Government does not plan to announce a new subsidy scheme before the end of the year....

23. The €150,000 education bill: The rising cost of sending a child to private school in Cyprus

Inflationary pressures caused by geopolitical developments affecting the region have not spared Cyprus’ private education sector....

24. “Alphamega & Bean Bar” Academy invests in the future: 14 new graduates ready to take the next step in their careers

25. Cyprus environmental tax revenue reaches €718.7 million

Environmental tax revenue in Cyprus reached €718.72 million in 2024, according to new figures released by Eurostat, as environmental tax receipts across the European Union increased to a record €371.9 billion....

26. 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....

27. 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....

28. Cyprus steps up efforts to crack down on illegal Airbnb rentals

The Deputy Ministry of Tourism is introducing a stricter operating framework while also preparing to implement the new European regulation. The goal is to create a complete registry of accommodations and improve oversight of the market....

29. 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....

30. 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....