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31. ECB cuts interest rates by 25 points as inflation eases

The European Central Bank (ECB) announced on Thursday a fresh interest rate cut, lowering its three key rates by 25 basis points in a bid to support the eurozone economy as inflation gradually eases....

32. USS Mount Whitney docks in Larnaca

The USS Mount Whitney, flagship of the U.S. Sixth Fleet, arrived in Larnaca this week as part of a planned visit aimed at reinforcing the strong ties between the United States and Cyprus. ...

33. Net-billing to replace net-metering: What you need to know

Cyprus is set to transition from the current net-metering system to net-billing for new residential solar energy systems, with the backing of the European Union....

34. 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. ...

35. 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....

36. 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....

37. How Cyprus became the secret hub of the global porn industry

When people think of Cyprus, they picture sunny beaches, rich history, and perhaps a financial hub. But what few realize is that the island is also home to some of the world's biggest players in the adult content industry....

38. Cyprus and the Netherlands: A strong but often overlooked bond

The Netherlands, a key player in both the EU and NATO, remains somewhat of an unknown entity in Cyprus—aside from Amsterdam’s popularity as a travel destination and the well-known football club Ajax....

39. Pope Francis faces setback amid pneumonia battle

Pope Francis has suffered another setback in his fight against pneumonia, experiencing two acute respiratory crises on Monday that required doctors to place him back on noninvasive mechanical ventilation, the Vatican announced....

40. Kuwait Embassy in Cyprus marks National Day with high-profile celebration

The Embassy of the State of Kuwait in Cyprus marked its 64th National Day and 34th Liberation Day with a grand reception at the Hilton Nicosia on February 25, bringing together top Cypriot officials, diplomats, and dignitaries....

41. Cyprus government unveils €60M investment plan to boost agriculture

The Cypriot government has rolled out a €60 million investment plan designed to boost the competitiveness and sustainability of the country’s agricultural sector. ...

42. Pope Francis in critical condition as doctors warn of sepsis risk

Pope Francis is fighting for his life. The 88-year-old leader of the Catholic Church remains in critical condition, with doctors at Gemelli Hospital in Rome working around the clock to stabilize him after a severe lung infection led to a dangerous respiratory crisis....

43. 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—...

44. The Road to Prosperity

Browsing social media I have recently come across a map showing all the countries with GDP per capita higher than Poland’s back in 1990 and in 2018....

45. Anti-immigration rhetoric grows, but immigrants could help Europe's (and Cyprus') aging populations

The rise of far-right, anti-immigration politics across Europe is threatening to accelerate the continent’s demographic decline, experts warn, potentially triggering economic instability, labor shortages, and soaring costs for elderly care....

46. USS Oscar Austin returns to Cyprus with a strategic stop in Larnaca

The USS Oscar Austin has made a swift return to Cyprus, this time docking at Larnaca Port, just a month after its previous stop in Limassol. The Arleigh Burke-class guided-missile destroyer continues its mission in the region, r...

47. Bank of Cyprus posts €508M profit for 2024

Bank of Cyprus has posted impressive results for 2024, reporting net profits of €508 million, marking a 4% increase from the previous year’s €487 million. The results reflect the bank's strong performance and growth, despite slight fluctuations in some areas....

48. Cyprus and Egypt join forces on major energy projects

The Christodoulides administration places great strategic importance—both in terms of energy and geopolitics—on the President’s visit to Egypt....

49. Cyprus scores above EU average in Life Satisfaction Survey

A recent Eurostat survey has revealed that life satisfaction in the European Union (EU) averaged 7.3 out of 10 in 2023....

50. From Greece to the Balkans, Steve Bannon warns of the looming threat of World War III

Steve Bannon, former White House strategist and controversial figure behind the MAGA movement, has made his home and podcast headquarters in one of Washington, D.C.'s most prestigious neighborhoods, just a stone’s throw from the U.S. Capitol....

51. Is Cyprus' public sector too large? Hiring freeze lifted amid rising costs.

The Cyprus government is set to fully lift the ban on hiring permanent public sector employees, marking a significant shift from austerity measures imposed over a decade ago....

52. Pakistan and Turkey strengthen ties, reaffirm controversial stance on Cyprus

Turkish President and Pakistani Prime Minister met to strengthen their countries' strategic partnership, reinforcing positions that directly challenge international law and Cyprus' sovereignty....

53. USAID shutdown leaves Cyprus-based employees in uncertainty

The Trump administration’s abrupt decision to shut down the U.S. Agency for International Development (USAID) has left many of its global employees, including those stationed in Cyprus, in limbo....

54. Christodoulides to visit US in April to boost Cyprus investments

President Nicos Christodoulides’ upcoming official visit to the United States in April is focused on strengthening Cyprus’ ties with the US and attracting investments, part of a broader government strategy. ...

55. Say cheese, not conflict: Ministry pushes for Halloumi consensus

The Ministry of Agriculture has emphasized that issues surrounding PDO Halloumi can be resolved through dialogue and transparency....

56. Jewish community in Cyprus grows to 4,000 families

The Jewish Community of Cyprus welcomed Israel’s Diaspora Minister, Amichai Chikli, to Larnaca on Wednesday, marking an important discussion about the growing Jewish presence on the island and strengthening ties between Cyprus and Israel....

57. Thousands flee Santorini as earthquakes continue

Santorini, usually bustling with life, is now a place of anxiety and uncertainty. As the Cyclades continue to be shaken by relentless seismic activity, thousands of residents and visitors have made the difficult decision to leave the island—at least for now....

58. New EU directive to shake up electricity pricing in Cyprus

59. Fear in Santorini as quakes continue – Schools closed, residents try to flee

Fear and uncertainty have gripped the residents of Santorini after a series of earthquakes rocked the island, prompting local authorities to close schools on Monday as a precautionary measure. ...

60. President Christodoulides met today with the UN Secretary-General's Special Representative in Cyprus

President Nikos Christodoulides met earlier today at the Presidential Palace with Colin Stewart, the UN Secretary-General's Special Representative in Cyprus....