Search

1. EAC Chairman admits project costs overstated, downplays need for tariff hike

The Board of Directors of the Electricity Authority of Cyprus (EAC) is set to review potential electricity tariff adjustments this week, but EAC Chairman Giorgos Petrou said he does not expect a rate increase will be necessary....

2. Major win for borrowers as court orders banks to stop using abusive loan terms

Thousands of borrowers across Cyprus could soon see fairer treatment from banks, thanks to a landmark court decision banning the use of abusive clauses in loan contracts....

3. Cyprus Parliament approves bill for decentralized hospital administration

The House of Representatives approved a bill Thursday aimed at decentralizing the management of Cyprus’ public hospitals, in a move supporters say will address widespread healthcare inefficiencies and region-specific challenges....

4. Cyprus borrowers are back as loan demand soars in 2025

Cyprus banks had a busy first quarter in 2025, handing out €1.24 billion in new loans, as falling interest rates sparked renewed interest in borrowing....

5. 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....

6. First Pandora and New Balance stores open in Cyprus

Cyprus shoppers have something new to be excited about, the country’s first-ever Pandora Jewellery and New Balance stores are opening at Nicosia Mall. ...

7. Cypriot banks on the rise as credit upgrades could mean cheaper loans for all

Cypriot banks are starting 2025 on a high note, collecting credit upgrades from major international rating agencies and setting the stage for wider economic benefits that could reach the average citizen....

8. Moody’s upgrades Bank of Cyprus to A3

Moody’s Investors Service has upgraded Bank of Cyprus’ long-term deposit rating to A3 from Baa1 and revised its outlook to stable....

9. Inmate population in Cyprus more than doubles prison capacity, Eurostat says

Cyprus had the most overcrowded prisons in the European Union in 2023, with an inmate population more than double the system’s intended capacity, according to figures released by Eurostat, the EU’s statistics agency....

10. Why London’s real estate market remains one of the most liquid in the world

London’s property market has long been considered a safe bet for investors. The reason? It’s all about liquidity. ...

11. Weighting for change: Cyprus feels the heavy burden of obesity

Obesity in Cyprus has reached 16.9% of the population, according to the country’s first National Nutrition Survey, released Friday by the Research and Education Institute “Health of the Child.” ...

12. 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. ...

13. European hoteliers take on Booking.com over high commissions

Hoteliers across Europe are once again taking aim at Booking.com, accusing the popular online platform of exploiting its dominant position in the market....

14. Rapid response rescue motorcycles rolled out in Limassol to cut emergency response times

The State Health Services Organisation has deployed rapid response rescue motorcycles in Limassol for the first time...

15. Trump’s tariff war backfires as tourists ditch U.S., head to Europe

The global tariff war initiated by the Trump administration will have a negative impact on the US economy in 2025, as European and Canadian tourists change their plans....

16. Bank of Cyprus cuts loan rates again, giving borrowers a breather

Good news is finally landing in the inboxes of thousands of borrowers across Cyprus, as the Bank of Cyprus announced another interest rate cut that should make monthly loan payments a little easier to swallow....

17. Cyprus has one of the world’s lowest U.S. visa rejection rates — and that’s a big deal

Cyprus is inching closer to landing a spot in the U.S. Visa Waiver Program, and there’s one big reason why: it now has one of the lowest U.S. visa rejection rates in the world....

18. From summer hotspot to all-year hub

Cyprus has big dreams, and according to Christos Angelides, General Manager of the Pancyprian Hotel Association (PASYXE), it’s going to take grit, vision, and a lot of teamwork to turn the island into a top-tier, all-year-round destination. But the potential? It’s definitely there....

19. Fairy tales about benefits and other wild stories

Certain catchy lies continue to circulate in our public discourse. Lies that, no matter what, simply refuse to die....

20. Rents keep climbing, but house prices aren’t going anywhere

If you’re renting in Cyprus, you’re not imagining it; it really is getting more expensive year after year. New figures from Eurostat confirm that rents on the island jumped by 4.6% in 2024 compared to the previous year, continuing a steady upward trend that’s been going on since 2017....

21. Mortgage rates dip in Cyprus, but we're still paying more than the rest of Europe

Mortgage interest rates in Cyprus dipped slightly in February, offering some relief to prospective homeowners, but don't pop the champagne just yet. Despite the modest cuts, borrowing in Cyprus remains noticeably more expensive than in the rest of the Eurozone....

22. Tourists are flocking to Cyprus this Easter: Here's what's driving the surge

Tourism officials are expressing cautious optimism about Cyprus’ 2025 Easter holiday season, with early bookings and rising airport traffic pointing to another strong year for the island’s travel sector....

23. Trump declares tariff war, with chart in hand

At an official press conference, armed with a glossy chart and his signature bravado, former President Donald Trump unveiled what he described as ''the greatest, most incredible, America-first tariff plan you've ever seen.''...

24. Cyprus’ tech boom boosts the economy by €7 Billion

For years, Cyprus’ economy leaned heavily on tourism and professional services, but the rapid rise of technology companies is reshaping the island’s financial landscape....

25. From water woes to bank bets, here are the stories to follow

26. Consulco’s London Credit Fund Launches Compartment C:

Consulco is delighted to announce the launch of Investment Compartment C, the newest sub-fund of the London Credit Fund. ...

27. 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....

28. Bank of Cyprus upgraded to investment grade by Fitch

The Bank of Cyprus has just hit another major milestone—Fitch Ratings has upgraded the bank to investment grade, marking the third global rating agency to do so. ...

29. New Porsche Macan with five stars in Euro NCAP

The new Porsche Macan has received the top rating of five stars in the Euro NCAP test. The four-door sports car impressed with top scores in all test disciplines. ...

30. Ancient Alexandria crumbles as rising seas threaten its future

Alexandria, Egypt’s historic port city, is facing an escalating crisis due to climate-driven coastal erosion and rising sea levels....