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1. Government cuts out locals in €35M energy deal ahead of electricity market opening

Just months before Cyprus opens up its electricity market to real competition, a government decision to hand a €35 million energy storage project to the state has sparked a fierce backlash from private investors, many of whom have been stuck in limbo for years....

2. U.S. lawmakers push bill to extend Cyprus arms embargo waiver

A bipartisan group of U.S. lawmakers has reintroduced the “End the Cyprus Embargo Act,” aiming to extend the arms embargo waiver on Cyprus from an annual renewal to a five-year period....

3. Could it be true?! A little relief in sight??

Cyprus, we need to talk. After days of roasting like a halloumi slice left out in the sun, we may, dare we dream, be getting a teeny, tiny taste of relief. Seasonal low pressure is sashaying its way into the region, and it’s bringing a few surprises....

4. Man stabbed in Limassol after reported altercation

Police are investigating an incident in which a 37-year-old man was stabbed in the back late Thursday in Limassol....

5. Reducing the cost of living through digital solutions

Life is becoming increasingly difficult for households today. The gap between those who are financially comfortable and those struggling to make ends meet on their wages has widened significantly. ...

6. Gen Z wants more than just a paycheck, and they're not wrong

Young people these days don’t put up with much, and frankly, good for them....

7. Elderly father suffered nine stab wounds while asleep

The 80-year-old man found murdered in his Limassol home earlier this week died from internal bleeding caused by nine stab wounds, according to findings from a second autopsy carried out on Thursday....

8. Guilfoyle vows to champion Cyprus, Greece, and Israel in U.S. foreign policy

Kimberly Guilfoyle, nominee for a seat on the influential U.S. Senate Foreign Relations Committee, pledged during her confirmation hearing to prioritize strong American alliances with Cyprus, Greece, and Israel, calling the Eastern Mediterranean region vital to U.S. national security....

9. Wizz Air is back in Israel - Flights to Tel Aviv take off on 8 August

10. EU gives Cyprus a nod on fighting corruption, but says it's not enough

Cyprus is making headway in the fight against corruption, according to the European Commission’s 2025 Rule of Law Report released Monday, but Brussels says more work is needed to strengthen accountability and speed up key reforms....

11. Man calls police after fatally stabbing his father

A quiet neighborhood in Limassol was shaken early Wednesday morning by a suspected case of premeditated murder after a man called police to report that he had stabbed his elderly father to death....

12. Wildfire destroys historic olive grove in Galataria-Pentalia area

A devastating wildfire reduced a centuries-old olive grove to ashes Monday in the area between Galataria and Pentalia, prompting sharp condemnation from forestry officials and showcasing the growing wildfire risk across Cyprus....

13. Cyprus gripped by heatwave as temperatures hit 41 degrees celsius

A heatwave continues to grip Cyprus, with temperatures reaching 41 degrees Celsius (105.8 Fahrenheit) on Monday, according to the Department of Meteorology. A yellow alert for extreme heat is in effect from noon to 5 p.m....

14. Child in Limassol found with burns, head injuries; parents arrested

A 22-month-old child was hospitalized with second-degree burns, head injuries, and signs of neglect, authorities said Tuesday....

15. New EV grants open, but you’ve only got until October

Cyprus is rolling out a new €2.5 million electric vehicle subsidy scheme, but only 260 spots are up for grabs, and buyers will need to move fast....

16. Cyprus e-mobility grant scheme faces criticism as initial funding runs out

The recently launched e-mobility grant scheme in Cyprus has drawn criticism from the Association of Importers of Motor & Electric Vehicles (SEMHIO), which expressed serious concerns about the plan’s limited budget and structural shortcomings....

17. S&P Global Ratings upgrades Freedom24 outlook to positive, citing stronger risk management

S&P Global Ratings has revised its outlook on Freedom Finance Europe Ltd., operating under the Freedom24 brand, from stable to positive, while affirming its 'B+/B' long- and short-term issuer credit ratings....

18. 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....

19. Israeli Ambassador to Cyprus condemns ‘misleading campaign’ over antisemitism remarks

Israeli Ambassador to Cyprus Oren Anolik condemned what he called a “misleading campaign” distorting his recent remarks on antisemitism linked to statements by a Cypriot political leader....

20. Turkey defends Libya maritime deal, accuses EU of bias in Mediterranean dispute

Turkey pushed back on Friday against the conclusions of the European Union summit, which again criticized a 2019 maritime agreement between Turkey and Libya....

21. Second Home Program gives appliances a new purpose, giving families a new start

The “Second Home” program by Kotsovolos is a bridge between surplus and need, comfort and struggle, everyday items and extraordinary hope....

22. Building Stronger Bonds with Society – Bank of Cyprus Event Brings Together NGOs and Volunteers

Bank of Cyprus successfully hosted the event titled “Building Stronger Bonds with Society”, which brought together non-governmental organisations (NGOs), charitable foundations, and volunteer groups with the goal of strengthening collaboration and long-term sustainability....

23. June Newsletter of K. Treppides & Co Ltd – 20/06/2025

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....

24. Suicide bombing at Damascus church kills 25, wounds dozens (VIDEO)

A suicide bomber attacked a packed church on the outskirts of Damascus Sunday, killing at least 25 people and injuring more than 60, state media reported....

25. 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....

26. Chamber of Commerce pushes for overhaul of tax bill to attract global Cypriot talent

The Cyprus Chamber of Commerce and Industry (KEBE) is calling for key revisions and broader strategic planning in the government’s “Minds in Cyprus” tax bill, aimed at attracting talent from the Cypriot diaspora....

27. As Israel bombards Iran, Trump weighs strike that could reshape the Middle East

Tensions between Israel and Iran continue to escalate, with both sides locked in a dangerous strategic standoff while awaiting a decision from U.S. President Donald Trump on whether to launch a direct strike against Iran....

28. Swiss Central Bank slashes interest rates to 0% to fight soaring Franc and deflation

In a surprise move, Switzerland’s central bank has slashed interest rates to zero, aiming to counter falling prices and slow the rapid rise of the Swiss franc, which has been drawing heavy investment as a safe-haven currency during global economic uncertainty....

29. Two fuel importers raise prices in Cyprus with others expected to follow suit within days

Fuel prices in Cyprus began rising Wednesday, marking the first increases since the recent escalation of tensions between Iran and Israel, the head of the Cyprus Fuel Station Owners’ Association said....

30. Cyprus on high alert as regional tensions escalate

Following Israeli missile strikes on Iran, Cyprus has raised its security posture and is preparing to serve as a humanitarian bridge between East and West....