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31. There are plenty of jobs, but the right workers are missing

The mismatch between employers' needs and the available workforce presents a greater challenge than labor shortages in key sectors of the Cypriot economy because it negatively affects both business competitiveness and the efficient use of available workers....

32. Coral Cyprus (Shell Licensee) strengthens the Shell service station network with a new strategic location in Aradippou

Coral Cyprus (Shell Licensee), which holds the licence to use the Shell trademark in Cyprus, has proceeded with the acquisition of a new service point in Aradippou, further strengthening the network of service stations bearing the Shell brand and its presence in the Larnaca district....

33. ESM report says Cyprus and Greece are the only eurozone countries expected to reduce debt through 2035

About half of the euro area countries, including the five member states that received assistance from the European Stability Mechanism (ESM), among them Cyprus, succeeded in reducing public debt and cutting deficits after the pandemic, thanks to the steady economic recovery and growing tax revenues....

34. PASYKAF launches major wellness campaign for women

A local health organization has introduced a major campaign targeting the well-being of women across Cyprus, emphasizing the critical role of regular medical checkups....

35. Israel launches fifth offshore bidding round to expand natural gas reserves

Israel has launched its fifth offshore bidding round to explore for additional natural gas within its economic waters, an initiative aimed at expanding domestic reserves and securing a larger footprint in the regional export market....

36. New Bean Bar opens in Alphamega Hypermarket Linopetra

37. Freedom24 in the 2026 FinTech Awards: Best Pan-European Retail Investment Platform & AI in Finance Innovation Award

Freedom24, a European subsidiary of Freedom Holding Corp., has been named a winner in two categories of the 2026 FinTech Awards by Wealth & Finance International, securing recognition both for its position as a pan-European investment platform and for its AI-driven Neo Compliance framework. The distinctions underline the growing relevance of technology-led innovation in European investment services, where scale, speed and regulatory rigour increasingly define market leadership....

38. Cyprus fights for vital air links as EU prepares to change state aid rules

The government has submitted a detailed package of six proposals to Brussels in an effort to shield the island’s aviation network from upcoming changes to European state aid regulations....

39. New European rules tighten the reins on cryptocurrency platforms

Out of more than 1,200 companies that held pre-MiCA national registrations across the EU, only about 210 had secured a full CASP license....

40. Zivania in the right hands

Since 2020, operating under the name Askon Art Wines, Constantinos Charilaou has produced an incredibly interesting line of premium wines that faithfully capture the identity of the local region....

41. Real estate agent in occupied areas records her own airport arrest over illegal land sales

Legal actions by the Republic of Cyprus targeting the development and sale of displaced Greek Cypriot land have drawn sharp criticism from northern business leaders, who warn that judicial enforcement is derailing efforts to rebuild diplomatic relations....

42. Cypriot business pioneer Nikos Shacolas passes away at 98

Nikos K. Shacolas, one of the most prominent and visionary figures in the Cypriot business community, has passed away at the age of 98. His death was announced on Thursday morning by the CTC Group, the conglomerate he founded and led for decades....

43. Supreme court awards quarry worker €95,000 for severe injuries in machinery accident

A Cyprus quarry worker who suffered a shattered shoulder and underwent three major surgeries after a colleague accidentally turned on a conveyor belt has won a total of €95,000 in damages following a successful Supreme Court appeal....

44. Alan Greenspan, the ''Maestro''

Alan Greenspan's tenure as head of the Federal Reserve became known as the "Great Moderation". This era was more than enough to earn the American economist the nickname "Maestro."...

45. Licensing chaos in tourism, 55% of accommodations without a license

The issue of licensing Cyprus hotels, which is a long-standing problem, casts shadows over the legality and credibility of the Cypriot tourism product, as it poses risks related to the country's reputation and visitor safety, as the Audit Office points out in a report....

46. Lidl Cyprus introduces Lidl Pay

Leading the way in modern retail transformation, Lidl Cyprus announces the official launch of the new, innovative Lidl Pay service in the Cypriot market....

47. Business lending loses momentum because of the Middle East conflict

Bank lending in Cyprus had been on a strong upward trend for the past year and a half, but the war involving the United States, Israel, and Iran brought that pace to a stop. As a result, forecasts of slower credit growth were confirmed in March, even though Cyprus continues to perform well economically....

48. New Leadership at PwC Cyprus

Andreas Yiasemides assumes the role of CEO of PwC Cyprus as of 1 July 2026, following his election by the firm’s Partners in December 2025 for a four-year term....

49. Drug manufacturer recalls batches of Remethan arthritis pills over quality control issues

Pharmaceutical manufacturer Remedica Limited has initiated a voluntary recall of specific batches of its prescription drug Remethan 100mg prolonged-release tablets. ...

50. From chatbots to co-workers

AI is no longer a productivity tool. For the small group of organisations that have done the work, it has become the single largest source of operating leverage on their P&L....

51. Cyprus picks up investment momentum

Cyprus is maintaining a strong grip on investment interest, primarily due to its strategic geographic location, its well-developed professional services sector, and the attractive business environment it has built....

52. Cyprus climbs the global competitiveness rankings

Cyprus' economy is showing encouraging progress in competitiveness, ranking 42nd out of 70 economies in this year's IMD World Competitiveness Yearbook. The country improved by two places compared with last year, climbing from 44th in 2025....

53. Invel Real Estate closes oversubscribed Eudora Fund 2 at €400M

Invel Real Estate (“Invel”), a leading European private equity real estate firm, announces today the final close of Invel Eudora Fund 2 (the “Fund”) at over €400 million in total capital commitments, exceeding its original target of €300 million. Including leverage and co-investment capital, the Fund will have a firepower in excess of €1 billion. ...

54. When the numbers look good, but life doesn’t feel it

Cyprus has been recording economic growth rates in recent years that would make even some of Europe’s strongest economies take notice....

55. Fuel tax cut of 8.33 cents per litre extended until Sept. 17

Drivers in Cyprus will continue paying less for petrol and diesel after the government extended a fuel tax cut until Sept. 17, keeping a discount of 8.33 cents per liter, including VAT, at filling stations....

56. Minthis Music Festival 2026 Announces Porsche Cyprus as Main Sponsor in Strategic Lifestyle Partnership

Minthis Music Festival 2026 is proud to announce Porsche Cyprus as its main event sponsor, marking the beginning of a strategic lifestyle partnership between two brands that share a commitment to exceptional quality, innovation, and memorable experiences....

57. Apple raises prices on MacBooks and iPads (see prices)

Apple has raised prices across a range of its popular devices, in a move that could eventually be felt by consumers in Cyprus as well, especially those planning to upgrade their laptops or tablets....

58. Drug use rising among children as young as 14 in Cyprus, experts warn

Drug and behavioral addictions are rising in Cyprus, with more young people experimenting with substances and entering treatment programs at increasingly early ages, according to a leading addiction expert....

59. How TikTok helped uncover Cyprus' latest drug threat

The Cyprus Anti-Narcotics Service (YKAN) has turned its attention to opium poppies following a string of major drug seizures over the past few days, raising concerns about a new narcotic appearing on the island....

60. Six days left for Cyprus crypto firms as EU rules tighten

Cyprus’ crypto sector is on a tight countdown, with just six days left until a major EU regulatory deadline that could reshape the industry....