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61. Cyprus activates emergency council as Middle East tensions explode

Cyprus is stepping up emergency measures following Israel’s military strike on Iran, with President Nikos Christodoulides convening an urgent meeting of the National Security Council on Friday afternoon, officials confirmed....

62. Israel strikes Iran’s nuclear sites, Cyprus watches uneasily

In a dramatic and potentially destabilizing turn for the Middle East, Israel launched a large-scale military operation inside Iran early Friday morning, striking nuclear and military sites and killing several of Tehran’s top commanders and scientists....

63. Maspex Romania eyes majority control of Cyprus-based Purcari Wineries

Maspex Romania has announced plans to take over Purcari Wineries, the Cyprus-registered winemaker known for its Moldovan heritage and international reach. ...

64. e-kalathi goes live as Cyprus’ new price-checking app aims to ease the grocery bill

A new digital tool aimed at helping Cypriot consumers fight rising prices officially launched Thursday. The platform, called e-kalathi, allows shoppers to compare prices of everyday goods across major supermarkets in real time, potentially saving families money at a time when inflation is still biting....

65. God save the King...and the grid: Politics, power, and sheepish wolves in Cyprus

In today’s royal photo op, the president raises a toast to our dearly beloved King Charles, who celebrated his birthday yesterday. God save the King, from the Queen. Cheers....

66. U.S. pulls embassy staff from Baghdad as fears of Iran-Israel clash grow

The U.S. is pulling non-essential embassy staff and their families out of Baghdad, citing rising security concerns tied to growing tensions between Israel and Iran, U.S. officials confirmed Wednesday. ...

67. Cyprus prepares to host 20,000 visitors during upcoming EU Council presidency

Cyprus is preparing to welcome approximately 20,000 visitors, including delegates and journalists, during its upcoming six-month Presidency of the Council of the European Union, Deputy Minister for European Affairs Marilena Raouna said Wednesday....

68. Residential properties for sale by AstroBank

AstroBank has listed for sale luxury houses and other residential properties in Nicosia, Paphos, and Larnaca....

69. Despite AHK chief’s assurances, technocrats push for higher power rate hike

Even though the chairman of the Electricity Authority of Cyprus (AHK), Giorgos Petrou, recently stated that the AHK would be requesting only a modest 3% electricity price hike, the utility’s technocrats are still pushing for an increase of up to 7.5% before VAT....

70. Will they at least stabilize?

In May 2025, the Consumer Price Index rose by 0.26 points, reaching 117.57 compared to 117.31 in April. Inflation for the month fell by 0.2%, a rare event not seen in years, not since the Covid-19 crisis....

71. Long-term government bonds face growing investor pushback

Governments around the world are encountering unexpected resistance in the bond markets as long-term debt issuances increasingly struggle to attract investors, marking a break from years of routine fundraising....

72. Cyprus slips into deflation for the first time since 2021

Cyprus recorded deflation in May 2025 for the first time in more than four years, with the annual inflation rate turning negative at -0.2%, according to data released on Thursday by the Statistical Service of Cyprus....

73. Cyprus exits EU’s macroeconomic imbalance list as Brussels urges reforms in innovation, energy, and education

Cyprus is no longer considered a country with macroeconomic imbalances, the European Commission announced Wednesday in its 2025 Spring Package, marking a significant milestone in the nation’s post-crisis economic recovery....

74. House Speaker pushes back on claims over spending

In response to public scrutiny and a report by Kathimerini's Apostolos Tomaras about parliamentary expenses, House Speaker Annita Dimitriou has stepped in to defend how taxpayer money is being spent, ...

75. Cypriots cruise into summer despite rising costs

Despite rising travel costs, Cypriots are going full steam ahead with their summer holiday plans, and this year, cruises are leading the way....

76. Let them eat cake!

We all remember the former Auditor General’s infamous visit to the presidential bedroom and the rumors about curtains and a €100,000 renovation....

77. Despite presidential pleas, electricity bills set to rise again

Despite the president’s intervention, the Cyprus Electricity Authority (ΑΗΚ) has gotten its way once again, and consumers are set to face higher electricity bills....

78. Posh perks and pricey trips: Inside Parliament’s 2023 spending spree

The Auditor General of the Republic has issued a series of significant recommendations in his report concerning the operations of the House of Representatives for the year 2023....

79. Lidl Cyprus highlights the value of its collaboration with Evrofarma during a press trip to the heart of greek production

Lidl Cyprus organized a unique press trip to the facilities of its strategic partner, Evrofarma, in Didymoticho, in celebration of World Milk Day....

80. I can’t believe I missed it: International Potato Day, the spud-tacular holiday we all forgot

So here I am, blissfully unaware and blissfully late, only realizing, two days too late, that International Potato Day just rolled past like a hot baked potato fresh out of the oven. And not just any potato, but the Cypriot potato. ...

81. No threat to Sinai Monastery, Egypt tells Greece and Cyprus

Egypt moved to ease tensions Thursday after speculation erupted over a court ruling that some feared could threaten the sacred standing of Saint Catherine’s Monastery, ...

82. Real estate investment opportunities by AstroBank

AstroBank is offering an exceptional selection of residential land for sale in Nicosia, Paphos and Famagusta....

83. May Newsletter of K. Treppides & Co Ltd – 16/05/2025

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....

84. Desalination lifeline arrives from UAE as island braces for summer drought

Mobile desalination units from the United Arab Emirates arrived in Cyprus over the weekend and are now being transported to Limassol and Paphos, just in time to help the island meet soaring water demand during the summer tourist season....

85. EU lawmakers approve tariff hikes on Russian, Belarusian agricultural imports

The European Parliament voted Thursday to impose higher tariffs on fertilizers and select agricultural products from Russia and Belarus, aiming to curb the bloc’s reliance on imports from the two countries....

86. Fake travel agent busted in €160K EuroLeague ticket scam

A 38-year-old woman is behind bars after allegedly swindling more than €160,000 from at least 50 people in a bogus ticket and travel scheme tied to the EuroLeague Final Four basketball tournament in Abu Dhabi....

87. WIZZ AIR ANNOUNCES NEW ROUTE – FLY TO SPAIN FROM CYPRUS THIS OCTOBER!

Wizz Air, the most environmentally sustainable airline in the EMEA region , is thrilled to announce the launch of an exciting new route from Larnaca to Barcelona, Spain, launching this October....

88. King’s Gardens: A Prime Investment in the Heart of Nicosia

89. Increasing Total Housing Supply Is Key to Tackling the Housing Crisis

Cyprus is at a critical juncture in its housing crisis, with property prices on the rise and supply struggling to meet existing demand. ...

90. Have we lost our minds? Or worse, our humanity?

A friend called me early this morning and said, ''I’m really starting to hate the world.'' It was the caffeine kick I needed to jolt me wide awake....