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1. Nicosia to receive over €1 billion in development projects, President announces

President Nikos Christodoulides unveiled more than 80 projects valued at over €1 billion aimed at transforming Nicosia and its surrounding suburbs during an event Monday at the Nicosia Municipal Theater....

2. Cyprus government posts €551M budget surplus in first five months of 2025

Cyprus continues to keep its public finances in check, reporting a general government surplus of €551.2 million for the first five months of 2025, slightly higher than the €542.6 million recorded during the same period last year. ...

3. Windcraft Music Fest: Winds, jazz, tradition and electronic sounds blended in a unique music event

Windcraft Music Fest returns for its 11th edition on the weekend of 25-27 July 2025 in the village of Katydata, transforming it into a vibrant hub of sound, creativity and cultural exchange....

4. Cyprus dams plunge below 20% as state races to secure water supply

Cyprus is grappling with one of its worst water crises in decades, with dam capacity falling to just 19.6% as of June 27, nearly half of what it was a year ago, officials confirmed....

5. Fix the roads already! MP's tour Paphos projects stuck in limbo

From broken promises to broken roads, Paphos has had its share of delays. But on Friday, members of Parliament took to the streets, literally, to check in on a number of key infrastructure projects that locals say are long overdue....

6. Cyprus Sports Organization unveils plans for modern sports facilities across Cyprus

The Cyprus Sports Organisation (KOA) announced plans Wednesday to build a new 4,000–5,000-seat stadium at the Makario complex in Nicosia and signed a memorandum of understanding with stakeholders in Paphos to upgrade the "Stelios Kyriakides" stadium, aiming to address long-standing infrastructure issues across Cyprus....

7. KPMG in Cyprus ignites innovation with the 2025 Summer ''Business Game''

On 25 June 2025, KPMG in Cyprus turned its Nicosia offices into a hub of innovation and entrepreneurial spirit with the 8th annual Business Game....

8. Nicosia unveils €100 million plan to fix traffic chaos and modernize the capital

Nicosia is aiming for a major transformation, with over €100 million in urban and traffic upgrades on the table, as the capital struggles with decades-old road designs, mounting traffic, and growing frustration among residents....

9. Iran turns to Russia for stronger support after U.S. strikes

Iran’s Supreme Leader has sent a direct appeal to Russian President Vladimir Putin, seeking stronger backing as Tehran faces its most intense military pressure from the United States since the 1979 revolution....

10. Cyprus approves electricity grid storage projects to boost energy reliability

The Cyprus Energy Regulatory Authority (CERA) has approved the Cyprus Transmission System Operator’s (TSOC) request to develop and operate large-scale energy storage systems integrated into the national electricity grid....

11. 25th Petrolina Annual General Meeting

On Thursday, the 19th of June, the 25th Annual General Meeting of the Shareholders of Petrolina (Holdings) Public Limited took place....

12. Alpha Bank Cyprus to acquire Astrobank in €200 million deal

Alpha Bank Cyprus will acquire the entire operations of Astrobank, excluding €15 million in non-performing loans, in a deal set to be signed Friday, June 20....

13. Minthis Music Festival 2025: Culture in Full Bloom in Cyprus

Where nature meets human creativity and Cyprus' highlands stretch out beneath open skies, the Minthis Music Festival is ready to return....

14. No tender, no permits, no problem

A construction project meant to modernize part of Cyprus’ local government system is under fire after the Auditor General uncovered a series of irregularities, from bypassing public tenders to starting work without building permits or signed contracts....

15. From the Mekong to the Med: How Cyprus and Cambodia are crafting a new global alliance

In an exclusive with His Excellency Salah Essa, Honorary Consul of Cyprus to Cambodia, we uncover how two countries, thousands of kilometers apart, are finding common ground in trade, tourism, and cultural exchange. ...

16. 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....

17. They hung Annita out to dry

What can one say about highways, marinas, ports, and other major projects that either never finish or, when they do, cost multiples and are riddled with unbelievable delays that are never properly accounted for?...

18. Tornaritis launches ''Get Up'' movement: Politics, but run like a business

Christoforos Tornaritis has unveiled the first glimpse of his new political movement, ''Get Up,'' which promises to ditch traditional politics in favor of what he calls a more professional, business-style approach to running the country....

19. Green light for six-story apartment block in former refinery zone

A new six-story residential building is coming to Larnaca’s Chrysopolitissa parish after the Environmental Authority approved plans for the project, which is set to transform a plot within the old refinery zone into modern housing....

20. Cyprus’s booming defense industry nets €40M as officials call for faster growth

Cyprus’s defense industry has grown tenfold in recent years, with approximately 30 companies now generating an estimated €40 million in revenue annually, officials revealed Tuesday during a session of the Parliamentary Committee on Energy, Commerce and Industry....

21. EY announces the appointment of 4 new partners in Cyprus

EY Cyprus is pleased to announce that its leadership team has been strengthened with the addition of four new partners:...

22. Deloitte Cyprus welcomes two new partners

Deloitte Cyprus is pleased to announce the growth of its leadership team with the appointment of two new partners, effective 1 June 2025....

23. The Landmark Nicosia Towers: The ultimate 5-star lifestyle choice in Nicosia

As the most prestigious real estate project in the modern history of Nicosia is developing in full speed, the vision of the owner MHV, a company group with a prominent role in the luxury hospitality and premium real estate scene of Cyprus and the Eastern Mediterranean, is becoming more and more evident....

24. Abramovich’s €25 million VAT written off after ex-President's call

A growing scandal over Cyprus’ handling of VAT debts tied to Russian billionaire Roman Abramovich has taken a sharp new turn, this time with a bombshell allegation involving former President Nicos Anastasiades....

25. The LIFE Pharma Detox System Offers Solutions to Pharmaceutical Pollution

Medochemie is taking a leading role in addressing one of the most pressing environmental challenges currently faced by the pharmaceutical industry: the management and reduction of pharmaceutical pollution....

26. Beats beyond borders: How Cyprus’ DJs are uniting a divided capital

Cyprus has been divided for more than half a century, with its capital, Nicosia, split down the middle. But while politicians continue to stumble on the path to reunification, a new generation of DJs and music lovers is quietly achieving what decades of diplomacy have not: bringing the island’s two communities together, one party at a time. ...

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

28. 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. ...

29. Cultivating success stories of innovation: Deloitte’s exclusive event celebrating tech start-ups

Deloitte has long championed and supported innovation and entrepreneurship, spearheading various initiatives throughout the region....

30. Over €620,000 in upgrades heading to Polis and nearby villages

In a welcome boost for the Paphos district, more than €620,000 in grants will soon flow into Polis Chrysochous and surrounding communities as part of a government push to breathe new life into rural, mountainous, and remote areas....