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1. New-home sales jump nearly 50%, with most buyers staying below €300,000

Cyprus’ new-home market posted gains on two fronts in the third quarter, with both sales and their combined value rising, according to an analysis by Landbank Analytics....

2. A decent salary, an empty account: Living from payday to payday

Payday arrives, and for a moment, the bank balance looks reassuring. Then the bills start coming out....

3. The illusion of ''cheap fuel''

The political paradox is that the state funds a public transport system that has failed to become a sufficiently reliable alternative for much of the population....

4. Cyprus has five distinct resale property markets

Cyprus’ resale property market looks very different from one district to another, both in the number and value of transactions and in prices....

5. Finance Ministry puts hourly workers’ demands at €50m as strike looms

The Finance Ministry has put the total cost of the demands submitted by unions representing hourly-paid workers at around €50 million over the three-year period of the proposed agreement, as a strike remains scheduled for Thursday, September 17....

6. New pill offers hope against advanced pancreatic cancer

A new pill for advanced pancreatic cancer has been approved in the United States after a major study showed that patients taking it lived almost twice as long as those receiving chemotherapy....

7. Turkey’s next marine park could be on Cyprus’ doorstep

Two distinguished professors with expertise in international law, the Aegean and the Eastern Mediterranean interpret Turkey’s decision to declare marine parks and explain Ankara’s wider objectives....

8. Ankara’s marine parks in the Aegean mark a clear turn from calm waters

Greece and Turkey are heading for renewed maritime tensions after Ankara declared two marine parks in disputed waters, with Athens warning that Turkey could use the move to impose restrictions at sea and advance its “Blue Homeland” claims....

9. New-home sales tumble as buyers look below €300,000

Cyprus’ property market lost considerable ground in the second quarter of the year, with recorded sales of new-build apartments and houses falling by 42.2% and their total value dropping by 46.6%....

10. Cypriots are choosing fixed-rate home loans, and it's saving them from interest rate shocks

If you're taking out a mortgage in Cyprus today, chances are you're choosing a fixed interest rate rather than gambling on where borrowing costs might go next....

11. One month's salary just to keep the lights on?

Ensuring an adequate electricity supply during the summer is undoubtedly the top priority for consumers, who want to avoid a repeat of last year's rolling power cuts during periods of peak demand. ...

12. 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....

13. Holiday rental prices in Cyprus rise as summer demand peaks

Cyprus’ short-term rental market is showing strong performance, with demand peaking this July and prices surging during the summer season....

14. Cyprus defies Europe’s population decline as ageing crisis accelerates across EU

Cyprus is expected to become one of the few European Union countries with a larger population by the end of the century, even as Europe as a whole faces long-term decline and rapid ageing. ...

15. War sends Euribor climbing and hits loan holders

The war in the Middle East has clearly increased uncertainty and is putting pressure on inflation, leading to higher costs for loans in Cyprus that are tied to Euribor. More specifically, Euribor has increased by 20 basis points since the start of the war just over 20 days ago. ...

16. Minimum wage jumps in occupied areas, but workers say they’re still falling behind

In both the Greek Cypriot and Turkish Cypriot communities, new decisions on pay have garnered angry reactions among trade unions and unease among employers, even though the numbers themselves look very different....

17. €1,088 minimum wage, and everyone’s furious

After intense behind-the-scenes talks that stretched right up to the holidays, the government has locked in Cyprus’ new national minimum wage at €1,088 a month, a decision that settles one debate but opens several others....

18. One in three Cypriots struggles on low income

Nearly one in three people in Cyprus is living on a low income, and about one in seven is at risk of poverty, according to new figures released Monday by the Statistical Service....

19. Cyprus–Lebanon deal sets new legal line in the Eastern Med, and Ankara isn’t loving it

When Amos Hochstein, President Biden’s go-to envoy for tough Middle East negotiations, struck the Israel–Lebanon maritime deal in late 2022, in Nicosia of all places, a window suddenly opened. ...

20. Drunk, high, and speeding: 26-year-old kills cyclist in Limassol crash

A 26-year-old Greek Cypriot man is in custody after a fatal collision in Limassol early Sunday morning, which claimed the life of a 20-year-old cyclist of Syrian descent. ...

21. Cypriots earn a bit more in 2024, just don’t spend it all at once

Workers in Cyprus took home more money in 2024, but the pace of wage growth lost steam as inflation continued to squeeze household budgets....

22. Roadworks begin on highways across Nicosia, Larnaca, and Famagusta

Motorists in Nicosia, Larnaca, and Famagusta should prepare for a series of highway maintenance and construction works in the coming weeks....

23. Cyprus teachers rank among Europe’s best-paid after 15 years in the classroom

Cypriot teachers see some of the fastest salary growth in Europe, according to new figures released by Eurydice, the European Commission’s network for education analysis....

24. Cyprus salaries rise by 13% over two years, Labour Minister says

Average salaries in Cyprus have risen by 13% over the past two years, reaching approximately €2,500, Minister of Labour and Social Insurance Yiannis Panayiotou announced Wednesday, citing recent Eurostat data....

25. Global VC investment rises in Q1’25 on back of record-setting $40 billion Open AI deal, according to KPMG’s Venture Pulse

Global VC investment surged from $118.7 billion in Q4’24 to an eleven-quarter high of $126.3 billion in Q1’25, despite ongoing geopolitical conflicts and tensions, continued concerns about global trade and tariffs, and the delay of a major reopening in the IPO market....

26. 2024 global VC investment rises to $368B as investor interest in AI soars

Global VC investment rose from $349.4 billion across 43,320 deals in 2023 to $368.3 billion across 35,684 deals in 2024 despite a multitude of challenges, including global conflicts and geopolitical tensions, uncertainties associated with a significant number of major elections—...

27. Study reveals high-dose IV vitamin C combined with chemotherapy improves survival in advanced pancreatic cancer

28. Middle-class families in Cyprus burdened by rising rents

In an interesting article written by Kathimerini's Panayiotis Rougalas, the Cypriot government has launched programs aimed at addressing the country’s severe housing crisis, but high rent prices across Cyprus continue to stretch the budgets of most households, especially for middle and lower-middle-income families....

29. 127,236 people in Cyprus were at risk of poverty in 2023

Nearly 14% of people in Cyprus were at risk of poverty in 2023, according to a new report from the Statistical Service of Cyprus. This means around 127,236 individuals lived on a yearly disposable income of €11,324 or less....

30. What makes a good salary across Europe's capitals?

What constitutes a good salary in Europe can vary greatly depending on several factors, including profession, education, and individual expectations. ...