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61. Prices drop for most basic goods, but fresh produce keep climbing

Good news for shoppers—most basic goods saw a price drop in February, according to the latest Consumer Price Observatory report from the Consumer Protection Service. However, if you're buying fresh vegetables and greens, you might have noticed your grocery bill going up....

62. BOC seeks to acquire Ethniki Insurance’s Cyprus subsidiary

Bank of Cyprus is moving forward with the acquisition of Ethniki Insurance’s Cyprus subsidiary, having entered exclusive negotiations for its purchase....

63. Aegean reports strong 2024 results with record revenue and passenger growth

AEGEAN announces its operating and financial results for fiscal year 2024....

64. Cyprus faces severe water crisis as drought drags on

Cyprus is bracing for a tough summer as dam levels continue to drop, marking the third consecutive year of drought. The situation has become even more critical after a fire destroyed the Paphos desalination plant, leaving the province at greater risk of severe water shortages....

65. New traffic law extends deadlines and adds timers

In a recent plenary session, the House of Representatives approved several key law proposals aimed at adjusting how traffic offenses are handled in Cyprus, particularly in relation to photoelectricity cameras and traffic lights....

66. ''He who dwells everywhere''

Nicosia For Art – the production team behind the Nicosia International Festival – presents the world premiere of a performance of words and music, inspired by the work of Saint Romanos the Melodist. ...

67. Consulco Welcomes Christoforos Kittenis as Director at London Credit

Consulco is proud to announce the addition of Christoforos Kittenis to the team as Director at London Credit, the UK-based lender of the Consulco Group....

68. Cyprus sees investment boom as foreign companies flock to the island

The investment scene in Cyprus is off to a strong start in 2025, with foreign investors showing increased enthusiasm for setting up businesses on the island....

69. 41 femicide cases in Cyprus over 10 years

Violence against women remains a critical issue that demands immediate and collective action, according to the University of Limassol (UoL) and the Association for the Prevention and Handling of Violence in the Family (SPAVO). ...

70. Retired but still on payroll as doctor gets paid for 10 months after retiring

A retired public sector doctor continued receiving salary and benefits for nearly a year after leaving his post, collecting a total of €65,000 in state funds while working for a private clinic, a parliamentary committee revealed Tuesday....

71. Deadly airbags, six years of silence, now the EU is investigating Cyprus

The European Commission has launched an inquiry into Cyprus’ handling of the Takata airbag crisis after years of government inaction despite repeated EU safety alerts. ...

72. Eurobank Cyprus: Stronger in 2024, with a net profit of €214mn

Eurobank Cyprus ended 2024 with increased profitability strong capital adequacy and maintained its good loan portfolio quality. The results reaffirm the Bank’s sound performance and resilience, the effective management of challenges in 2024,...

73. Passenger numbers at airports exceed 500,000 for the first time in February

For the first time, passenger traffic at Larnaca and Paphos airports surpassed the 500,000 mark in February, reflecting an 8% increase compared to the same month last year....

74. Strong winds and dust storms batter Limassol, toppling trees and causing damage

Blustery winds and dense dust from the Middle East wreaked havoc in Limassol on Wednesday, causing trees to topple onto vehicles and creating challenging conditions across the district....

75. Cyprus banks hit record high profits despite ECB rate cuts

Despite the European Central Bank (ECB) preparing for its sixth interest rate cut since June 2023, bank profits in Cyprus have soared, marking two consecutive years of record earnings. ...

76. Human trafficking case at Kyrenia Port

"Authorities" in the occupied part of Cyprus have extended the detention of six individuals suspected of human trafficking through the port of Kyrenia....

77. Unemployment in Cyprus inches up but remains below EU average

Unemployment in Cyprus ticked up slightly in January 2025, reaching 5.0%, compared to 4.9% the previous month, according to new data from Eurostat. Despite the monthly rise, the overall trend remains positive, with unemployment lower than the 5.3% recorded in January 2024....

78. Global fintech investment falls to seven-year low of $95.6 billion in 2024, but uptick in Q4’24 is a sign of cautious optimism says KPMG’s Pulse of Fintech H2’24

2024 was another difficult year for fintech, with just $95.6 billion of investment globally across 4,639 deals....

79. Famagusta region’s bold tourism campaign breaks records in foreign markets

Famagusta's first-ever coordinated online tourism campaign promoting the province to foreign markets wrapped up with impressive results, surpassing all expectations and laying the groundwork for an even more dynamic follow-up in 2025....

80. University of Arizona discovery to headline new Cyprus archaeological museum

The Cyprus Archaeological Museum, set to open in 2027, will prominently showcase significant archaeological findings from Kourion, an ancient Roman city devastated by a massive earthquake on July 21, 365 A.D....

81. Cold snap damages solar water heaters

The recent icy temperatures sweeping across Cyprus haven’t just hit crops hard—they’ve also wreaked havoc on solar water heaters in homes across the island. ...

82. Faulty electrical appliances put Cypriots at risk, watchdog warns

Cyprus is facing a growing safety risk from faulty electrical appliances, with weak market controls and a lack of transparency in investigations into fires and electric shocks, according to the Cyprus Consumers’ Association....

83. Retired hens are living their best lives, and helping save Cyprus’ olive groves

In the rolling foothills of Troodos, where olive trees stretch toward the Mediterranean sun, a small army of retired hens is proving that life after egg-laying can be just as meaningful. ...

84. Warmer days ahead after record-breaking cold

Brrr, Cyprus! If you thought last night felt extra chilly, you weren’t imagining things. It was officially the coldest night in over 40 years, shattering the previous record of -3.3°C set in 1985. ...

85.  Unique protected species in Europe killed at the Mavrokolympos Dam

A month ago, the Ministry of Agriculture announced an environmental disaster: the drainage of the Mavrokolympos dam due to a technical failure that could not be repaired. ...

86. Prices of everyday essentials surge in January

Consumers felt the pinch in January as the prices of 26 staple products rose, with 11 categories jumping by more than 3%, according to the latest Consumer Product Price Watch. ...

87. Over €42,000 in uncovered payments issued in January

In January 2025, a total of €42,062 worth of bounced cheques were issued in Cyprus....

88. Flamingo numbers plummet in Cyprus, sparking concerns for wetland health

The wintering population of flamingos in Cyprus has reached alarmingly low levels, particularly at the Akrotiri Salt Lake, according to a joint statement from BirdLife Cyprus and the Game and Wildlife Service....

89. 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—...

90. One in three short-term rental accommodations is illegal