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1. 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....

2. 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....

3. 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....

4. 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%....

5. 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....

6. 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. ...

7. 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....

8. 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....

9. 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. ...

10. 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. ...

11. 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....

12. €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....

13. 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....

14. 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. ...

15. 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. ...

16. 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....

17. 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....

18. 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....

19. 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....

20. 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....

21. 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—...

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

23. 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....

24. 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....

25. 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. ...

26. First phase of Nicosia highway opens, connecting major cities

The completion of the Nicosia Peripheral Highway project will ensure seamless and continuous traffic flow between western Nicosia and Larnaca......

27. Cyprus has a long way to go when it comes to EV's

Cyprus lags behind the rest of the European Union in the adoption of battery electric vehicles (BEVs), according to data from the European Alternative Fuels Observatory (EAFO). While growth is noted and targets seem achievable, the country's rate of electric car use remains among the lowest in the EU....

28. 153,000 people struggle with low incomes and high living costs

The share of Cyprus' population at risk of poverty or social exclusion remained steady at 16.7% in 2023, according to the Statistical Service of Cyprus (Cystat). This means that approximately 153,000 people in Cyprus are struggling with low incomes and high living costs....

29. PwC: Slow progress in gender equality in the workplace

To mark International Women’s Day 2024, PwC has released two studies, the Women in Work Index and Inclusion Matters, finding that global progress on achieving gender parity at work continues at a sluggish rate....

30. Cyprus sees an 18.2% rise in crime cases in 2022

The number of true crime cases reported to the Police rose by 18.2% in Cyprus in 2022, with the Crime Index expressed in 100,000 inhabitants rising to 584 from 501 in 2021 and 482 the year before. ...