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1. One in three Cypriot residents can’t afford a week-long holiday abroad

Roughly one in three Cypriot residents (33.2%) aged 16 and older say they cannot afford a one-week holiday abroad, according to a recent Eurostat survey....

2. Nearly all young people in Cyprus and Greece use social media daily, Eurostat finds

On International Youth Skills Day, July 15, Eurostat released a survey highlighting daily social media use among young people, with Cyprus and Greece ranking near the top....

3. Banks show profit decline, asset growth, and capital strengthening in Q1 2025

The Central Bank of Cyprus released updated data Wednesday showing a decline in bank profits, an increase in assets, and a stronger capital position for the first quarter of 2025....

4. One in four students leaves primary school with critically low skills

The dust has long settled on the issue. After a period of obsessive opposition and a kind of cat-and-mouse resistance to the now-infamous ''quarterly exams,'' the government ultimately gave in to public pressure. ...

5. Vapes worse than cigarettes? Some brands are

You might want to think twice before reaching for that flavored vape. It could be exposing you to more cancer-causing toxins than a pack of cigarettes....

6. Cyprus sees drop in child poverty rate, ranks second lowest in EU

About 26,000 children in Cyprus were at risk of poverty or social exclusion in 2024, accounting for 14.8% of the country’s child population, according to figures released Tuesday by Eurostat, the European Union’s statistical agency....

7. Cyprus jobless rate hits 15-year low, and it's about time

Cyprus is finally catching a break on the job front. According to fresh numbers from Eurostat, 2024 saw unemployment in Cyprus fall to its lowest level since 2009, and that’s not just good news for economists but for anyone who’s spent time job hunting or worrying about someone who has....

8. Apartments take the lead in Cyprus property market boom

Apartments were the standout performers in Cyprus' real estate market in 2024, taking the lead in both sales volume and overall value, according to a detailed analysis by Landbank Analytics....

9. AI adoption could boost global GDP by an additional 15 percentage points by 2035, as global economy is reshaped: PwC Research

New research published today by PwC reveals that AI has the potential to boost global economic output by up to 15 percentage points over the next decade. ...

10. Cyprus makes its move in the age of AI

Ask any country today and chances are they’ll tell you they want to be a hub for technological development—especially in the fast-evolving world of artificial intelligence (AI)....

11. One in three Cypriot households struggling with rising costs

Cypriots are feeling the pinch in different ways, according to a new survey that highlights the divide in how people are coping with their household finances....

12. Nearly 1 in 5 households in Cyprus unable to keep homes warm

A recent European report has shed light on a concerning issue in Cyprus: nearly one in five households is struggling to keep their homes warm....

13. Cyprus tops EU in female enrollment for Master’s and Doctorate programs

In a groundbreaking achievement, Cyprus has been recognized for having the largest share of women pursuing master's studies in 2022 among all EU member states, according to the latest data from Eurostat, the European Union’s statistical service....

14. Cypriot students among EU’s highest in e-cigarette and hookah use

A recent European-wide survey (ESPAD) has revealed that Cypriot students rank among the highest in Europe for e-cigarette and hookah use, with 4.6% reporting daily use—well above the European average of 3.1%....

15. Fintech giants eye Cyprus' small banks in race for European banking licenses

Cyprus’ small banks have become prime targets for global fintech companies and financial institutions, with potential acquisitions aimed at securing a European banking license. ...

16. The far right is growing, and ‘good vibes’ won’t be enough to stop it

17. Cypriots are eating more fish, but getting pickier about its source

Cypriots are eating more fish and seafood than ever before, according to a new report on European food trends. But while the trend is on the rise, many people are becoming more selective about what they put on their plates — and their choices are being influenced by cost, sustainability, and food transparency....

18. Cyprus government gives hotels deadline to get licensed or face closure

The government is giving unlicensed hotels and tourist accommodations a two-year window to secure their operating licenses, with specific milestones and actions outlined along the way. ...

19. EU's renewable energy progress in transport outpaces Cyprus

According to recent data from Eurostat, the EU saw an increase in the share of renewable energy in transport in 2023 compared to 2022, while Cyprus's share remained largely unchanged....

20. Fewer Americans expected in Cyprus this summer as travel costs rise

Cyprus, like the rest of Europe, may see fewer American tourists this summer as high travel costs and shifting preferences push U.S. travelers to rethink their vacation plans. ...

21. Tragic situation at the dams - Closer to a nightmare scenario

The water flow into the dams during January 2025 are not only not in line with our expectations, but brought us closer to the nightmare scenario of a water emergency situation....

22. A little extra for everyone as pensions get a new year's boost

The Council of Ministers has approved an increase in pensions from the Social Insurance Fund (TKA) starting in January 2025....

23. A clean bill of health for Paphos' food packaging industry

A total of 600 inspections were conducted by the Paphos Municipal Health Service as part of preventive measures during the festive period, with only three establishments requiring observations, according to the Head of the Service, Christos Christou....

24. Europe’s salary showdown

Curious about which European countries are paying the best?...

25. Eurozone growth hopes dim as 2025 looms

Just days before the start of 2025, analysts have trimmed expectations for the Eurozone's economic growth. ...

26. French investment powers up Cyprus-Greece electricity link with €1.9B deal

A significant agreement has been reached for the long-anticipated Cyprus-Greece electricity cable project, led by ADMIE, Greece's power grid operator. This project, which aims to connect the power grids of Cyprus and Greece, has secured new funding and a strategic partner....

27. Government launches mortgage subsidy to ease inflation’s grip

The government of Cyprus is stepping up to help homeowners struggling with rising interest rates and inflation....

28. Part-time work declines in Cyprus, gender gap narrows

In 2023, the share of part-time workers in Cyprus for those aged 20-64 was at 8%, a slight drop from 9.1% in 2022. This trend of declining part-time work has been consistent in Cyprus since 2014...

29. Cyprus GDP and living standards improve, but challenges remain

Cyprus' living standards have continued to improve, with the country's GDP per capita reaching 95% of the EU average in 2023, according to recent data from the Statistical Service of Cyprus....

30. Fed cuts rates by 0.25%, economic activity expands steadily

The Federal Reserve on Thursday cut interest rates by 0.25 percentage points for the second consecutive meeting, bringing the target range to 4.50% to 4.75%, as expected. The decision was unanimous....