7 h. ago Cyprus Business Now: Paphos tourism, Finance Minister, building permits, PwC

President of the hoteliers association (Pasyxe) Thanos Michaelides on Friday said that Paphos has significant potential to boost visitor numbers. In addition, he also said that the district can attract higher-income tourists who are likely to spend more during their stay, supporting the district’s wider tourism economy. Speaking to the Cyprus News Agency (CNA), Michaelides […]

Politics

20 h. ago Panayiotou: Green transition must be fair, realistic, and inclusive

As part of a two-day visit, Agriculture and Environment Minister Maria Panayiotou on Friday attended the final meeting of the EU’s environment council in Aalborg, Denmark, where key issues regarding European environmental strategies were discussed. “Cyprus, ahead of its 2026 presidency, is committed to an ambitious and fair green transition,” Panayiotou wrote in a post […]

Politics

21 h. ago As Bitcoin (BTC) eyes $145K, Mutuum Finance (MUTM) presale phase 5 nears completion, just 32% of tokens remain at $0.03

Bitcoin (BTC) traded at $108,054, up 2.2% last week, with a $2.07T market cap, eyeing a $145K target. Driven by $769.5M in weekly ETF inflows and a golden cross on the daily chart, analysts predict a 1.3x rally, supported by Texas’s $1B BTC reserve and 730K active addresses. A Fear & Greed Index at 66 […]

Economics

22 h. ago North denies reports of extradition request for journalist Levent

The north’s ‘foreign ministry’ on Friday denied reports that Turkey had filed an extradition request against veteran Cypriot journalist Sener Levent. Turkish Cypriot news agency Tak reported that ‘ministry’ sources had said that reports of an extradition request “do not reflect the truth” and are “disinformation”. “The Turkish justice ministry has not made any extradition […]

Politics

22 h. ago Mutuum Finance (MUTM)’s beta launch nears as Bitcoin (BTC) reserves hit $1B, will the $0.03 price survive August?

As Texas’ institutional reserves of Bitcoin (BTC) cross the $1 billion threshold, investor sentiment in crypto markets has surged. However, while Bitcoin (BTC) continues to consolidate, a new DeFi protocol is capturing the attention of early movers. Mutuum Finance (MUTM), currently in Phase 5 of its presale, is preparing to launch its highly anticipated Beta […]

Economics

24 h. ago UK economy shrinks again in May, fuelling fears of stalled recovery

Britain’s economy contracted unexpectedly for a second month running in May, official data showed on Friday, compounding worries at home for finance minister Rachel Reeves as the nation navigates growing global turbulence. Gross domestic product shrank by 0.1 per cent after a 0.3 per cent drop in April, the Office for National Statistics said. Economists […]

Politics

24 h. ago Ioannou hails changes to laws surrounding use of Turkish Cypriot property

Interior Minister Constantinos Ioannou on Friday hailed the changes to the laws surrounding the use of Turkish Cypriot-owned property in the Republic, which were passed by parliament on Thursday night. He described the new last as a “decisive step in the effort for the rational management of Turkish Cypriot properties”, pointing out that Turkish Cypriot-owned […]

Society

32 h. ago UAE ready to raise oil capacity beyond 2027 if market needs grow

The United Arab Emirates could further boost its oil production capacity after 2027 if that is what markets require, its energy minister said on Thursday, signalling a move that could propel the country to the elite club of top five global oil producers. OPEC has granted the UAE a bigger production quota this year after […]

Politics

32 h. ago Trump escalates trade war with Canada, EU and allies on edge

President Donald Trumpramped up his tariff assault on Canada on Thursday, saying the U.S. would impose a 35% tariff on imports next month and planned to impose blanket tariffs of 15% or 20% on most other trading partners. In a letter released on his social media platform, Trump told Canadian Prime Minister Mark Carney the […]

Politics

32 h. ago Loan costs remain high in Cyprus while depositors see limited returns

The average interest rate for household time deposits up to one year in Cyprus stood at 1.16 per cent in the latest data published by the Central Bank of Cyprus, lagging behind the euro area average of 1.84 per cent. According to the CBC, the highest one-year household deposit rate among Cypriot banks was offered […]

Politics

33 h. ago Cyprus Business Now: FDI, Skourides, Invest Cyprus, CSE, financial literacy

Parliament on Thursday began debating legislation to screen foreign direct investments in strategic sectors, aligning Cyprus with EU rules designed to safeguard security and public order. The bill, approved by the Council of Ministers earlier this month, implements Regulation (EU) 2019/452, which establishes a framework for monitoring foreign direct investments (FDIs) into the European Union […]

Economics

33 h. ago Netanyahu ‘convinced Anastasiades to collapse Crans Montana talks’

Israeli Prime Minister Benjamin Netanyahu convinced then president Nicos Anastasiades to collapse Cyprus problem negotiations at Crans Montana in 2017, former Turkish Cypriot leader Mehmet Ali Talat said. The talks at Crans Montana, a small town in southeastern Switzerland, were the most recent formal negotiations to be held with the aim of solving the Cyprus […]

Politics

48 h. ago US’s Rubio makes first Asia visit amid unease over Trump tariffs

US Secretary of State Marco Rubio met counterparts in Southeast Asia on Thursday during his first visit to Asia since taking office, reassuring them it is a priority for Washington despite President Donald Trump‘s tariff offensive. Washington’s top diplomat joined foreign ministers of the ten-member Association of Southeast Asian Nations in Kuala Lumpur at a […]

Politics

48 h. ago With Threat From 'Third Enemy' 4,500 Km Away, India Offers BrahMos, Akash To Greece & Cyprus

With Threat From 'Third Enemy' 4,500 Km Away, India Offers BrahMos, Akash To Greece & Cyprus  News18

Events

50 h. ago Conference commits over €10 billion to Ukraine rebuilding, Italy says

Participants in a Rome conference on the economic recovery of Ukraine have pledged over €10 billion ($11.7 billion) to help the war-torn country, Italian Prime Minister Giorgia Meloni said on Thursday. The conference, attended by political leaders including Ukraine’s President Volodymyr Zelenskiy, is taking place against a backdrop of further intense drone and missile attacks […]

Politics

52 h. ago Cyta subsidiary signs new collective agreements with trade unions

Cytacom Solutions Ltd, a subsidiary of Cyta, on Thursday announced that it recently signed the renewal of its collective labour agreements for the 2025–2027 period. These agreements, the company said, cover both its monthly and hourly-paid staff. Moreover, according to a statement issued by Cyta, the agreements “confirm the strong cooperation and mutual trust between […]

Politics

54 h. ago Cyprus deputy shipping minister visits UK to boost IMO council bid

Deputy Shipping Minister Marina Hadjimanolis,paid a working visit to London this week, aiming to strengthen bilateral ties with the United Kingdom. The trip also sought to promote Cyprus’ bid for re-election to the council of the International Maritime Organisation (IMO) for 2026-2027 in November. According to the announcement, the visit was marked by a bilateral […]

Politics

54 h. ago Sklavenitis sets a new standard for employee benefits in Cyprus

In a remarkable move that redefines employee support within the retail sector, supermarket chain Sklavenitis has introduced the 14th salary to its entire workforce in Cyprus, including employees from the recently acquired Papantoniou stores. This initiative makes Sklavenitis the only supermarket chain on the island to offer this valuable financial benefit to all of its […]

Politics

54 h. ago Muted west, jailed opposition: Erdogan’s crackdown sparks fears for Turkish democracy

Tayyip Erdogan’s main political opponents have faced an unprecedented crackdown that has seen more than 500 detained in just nine months, according to a Reuters review of a sprawling investigation that has accelerated dramatically in recent days. Turkey’s president says the probe tackles what he calls a corrupt network that is like “an octopus whose […]

Events

57 h. ago Cyprus Business Now: ICT, sanctions, digital euro, disability care debate, RIF

The Cyprus association of care home owners on Tuesday expressed “strong dissatisfaction” over the way House labour committee discussed living conditions in private and state care homes for people with dissabilities. The association, a member of the Cyprus Chamber of Commerce and Industry (Keve), stressed that its exclusion from the discussion was unacceptable, “especially given its […]

Politics