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1. Inside Cyprus’ new power market: Who’s in and how prices will be set

Cyprus formally opened its competitive electricity market Wednesday, a milestone in the country’s effort to liberalize the energy sector and give consumers more freedom to choose how they buy power....

2. Paphos launches €1.85M project to build two museums in historic center

The Municipality of Paphos has signed a contract to create two new museums in the city’s historic district as part of its cultural development drive....

3. Cyprus state payroll to rise €153 million in 2026 budget

Cyprus’ state payroll is set to climb again in 2026, with government spending on personnel projected to rise by €153 million despite efforts to rein in hiring....

4. Power shift: 17 companies enter Cyprus’ new electricity market

For the first time in Cyprus, households and businesses will soon be able to choose who supplies their electricity. Starting today, 17 companies, ranging from homegrown startups to established energy providers, are stepping into the island’s brand-new competitive electricity market....

5. Cyprus and Mediterranean among world’s most climate-vulnerable regions

Cyprus and the wider Mediterranean are among the world’s most climate-sensitive regions, already experiencing hotter, drier summers, the island’s Minister of Agriculture, Rural Development, and Environment, said....

6. EU Investment Bank holds first board meeting in Cyprus

The top decision-makers of the European Investment Bank (EIB) are in Cyprus for their first board meeting in the country, shining a spotlight on the island as a key partner in European development....

7. Financial strain and governance concerns top citizens’ worries in Cyprus

Price hikes and corruption set the agenda with 70% of respondents saying they are little to not at all satisfied with the performance of the current government....

8. Freedom24 opens second flagship office in Limassol, marking continued European expansion

Freedom24, the European subsidiary of global financial services group Freedom Holding Corp., has opened its second flagship office in Limassol....

9. Lidl Cyprus marks one year of dynamic presence at Neon Mall of Pafos

10. EU wants €67 million back from Cyprus gas project, sparking political fight

A multibillion-euro project meant to bring natural gas to Cyprus has been thrown into turmoil, after the European Commission demanded the return of €67 million in funding over alleged irregularities in how the contract was awarded. ...

11. Limassol men lose €30,000 in online investment scam

Police in Limassol are investigating a new online fraud case in which two men, aged 63 and 66, were tricked out of a total of €30,050....

12. Cyprus central bank projects 3.3% economic growth in 2025

Cyprus’s economy is expected to expand by 3.3% in 2025, with unemployment dropping to 4.6% and inflation easing to 1%, the Central Bank of Cyprus said Tuesday in its latest projections....

13. Cypriot tycoon sets sail with Armani’s yacht designs

Cypriot entrepreneur Kostas Cleanthos, known locally for his acquisition of the country’s leading newspaper, Phileleftheros, and internationally for founding global trading platform XM, is charting a new course, this time on the high seas....

14. EIF and Eurobank join forces to channel €62.5 million in new financing to Cypriot SMEs and start-ups

The European Investment Bank Group (EIB Group) today announced the first InvestEU Guarantee transaction in Cyprus, marking a major milestone in bringing EU-backed financing closer to Cypriot businesses....

15. Wizz Air Celebrates Huge Milestones of 10 Million Passengers in Cyprus and 5 Years of Operations at its Larnaka base With a Day Full of Surprises!

Wizz Air, Cyprus’ market leader airline, celebrated earlier today the milestone of 10 million passengers to and from Cyprus, as well as the 5th anniversary of its base in Larnaka....

16. YMCA for Trump, £150 Billion for the U.K. (video)

President Donald Trump wrapped up his whirlwind second state visit to the United Kingdom on Thursday with a mix of politics, pomp, and a surprise musical moment that had onlookers grinning....

17. Christodoulides heads to Canada to court investors

President Nikos Christodoulides is traveling to Toronto this week to showcase Cyprus as a prime destination for international investment, the government said Wednesday....

18. Cyprus laws shielded Limassol resident from Interpol arrest

The arrest of Russian-born businessman Igor Grechuskin in Bulgaria is stirring fresh debate in Cyprus, where the man once lived and reportedly held a Cypriot passport. ...

19. Pentakomo tech park attracts global investors

The long-discussed Pentakomo Technology Park project is finally showing signs of serious progress, with both Cypriot and foreign investors expressing concrete interest, officials say....

20. Paphos mayor urges action as housing becomes out of reach for locals

The mayor of Paphos, Phaedon Phaedonos, warned Tuesday that rising real estate prices are making it increasingly difficult for ordinary Cypriots to rent or buy homes, calling on the government to take immediate action....

21. Netanyahu calls in influencers as Israel faces global backlash over Gaza

Prime Minister Benjamin Netanyahu warned Tuesday that Israel risks economic and diplomatic isolation over international criticism of its military actions in Gaza and called for a major investment in media and social media influence campaigns to protect the country’s reputation....

22. Cyprus Forestry College reopens with first class in nearly a decade

The Cyprus Forestry College welcomed 20 students Monday as it reopened for the first time in almost 10 years, marking what officials called a milestone for forestry education on the island....

23. ''I am innocent'': Ex-house speaker defends role in passport scandal

Two of Cyprus’s most high-profile politicians caught up in the ''golden passports'' scandal stood before a criminal court on Thursday to declare they had done nothing wrong....

24. Cyprus strips citizenship from 28 more ''Golden Passport'' holders

The Council of Ministers, during its meeting the day before yesterday, approved six proposals for the deprivation of Cypriot citizenship from 28 persons who had been naturalized under the Cyprus Investment Program....

25. Alphamega Hypermarkets’ IT Department achieves ISO Certification

Alphamega Hypermarkets’ IT Department has received a significant distinction as it has been certified with the international standard ISO/ IEC 20000 for IT Service Management....

26. Building boom in Larnaca as urban planning applications surge 53%

Larnaca is seeing a construction boom. Between January and July 2025, the Larnaca District Government Organization (DGO) recorded a 53% jump in urban planning applications compared with the same period last year, highlighting growing interest in development and investment across the city and district....

27. Wellington Fund boosts stake in Bank of Cyprus, becomes third-largest shareholder

The investment fund Wellington has increased its stake in the Bank of Cyprus to 5.87%, up from 3.99%, officially becoming the third-largest shareholder in the country’s largest bank....

28. BidX1 brings bargains to the block in September auction

New BidX1 catalogue launched – 10 houses & apartments in Pegeia among highlights...

29. €15M school overhaul brings modern classrooms and sports facilities to Paralimni

Big changes are coming to education in Paralimni. President Nikos Christodoulides announced the signing of contracts for a brand-new secondary school, complete with a sports facility, during a visit to the existing Paralimni Gymnasium, marking the start of the new school year....

30. Tourist gentrification

Abundant Mediterranean sunshine and the enticing sea have, over the years, served as the driving forces behind our tourism industry. One discussion, however, that does not seem to have occupied us as much as perhaps it should, at least institutionally, is that of tourist gentrification....