10 h. ago Cyprus Business Now: Hellenic Bank, BoC buyback, Ermes, Cyta acquisition, hotels

The Cyprus Stock Exchange (CSE) on Friday ratified the suspension of trading in the shares of Hellenic Bank Public Company Ltd, following a recent meeting of the CSE Council. The ratification was made under Article 184 of the Cyprus Stock Exchange Law and formalises the suspension decision first announced on May 9, 2025. The suspension […]

Economics

25 h. ago Cyprus renews pledge to cut road deaths in line with EU goals

Cyprus reaffirmed its commitment to aligning with the EU’s goal of reducing road fatalities to zero by 2050 during a meeting in Nicosia on Friday, organised by the Cyprus Automobile Association. In an address read out at the conference on the European Road Safety Charter (ERSC), Transport Minister Alexis Vafeades reiterated Cyprus’ commitment to Vision […]

Events

26 h. ago Oil slides on Trump tariff threats and OPEC+ supply expectations

Oil prices dropped by 1 per cent on Friday and were set for their first weekly decline in three weeks as US President Donald Trump recommended a 50 per cent tariff on the European Union and expectations rose that OPEC+ will increase crude output further in July. Brent crude futures fell 64 cents, or 1 […]

Politics

31 h. ago Bank of Cyprus buys back 339,586 shares as part of €30m repurchase programme

The Bank of Cyprus on Friday has announced that it repurchased a total of 339,586 of its ordinary shares between May 16, 2025, and May 22, 2025. The shares, each with a nominal value of €0.10, were bought on both the Cyprus Stock Exchange (CSE) and the Main Market of the Regulated Securities Market of […]

Economics

33 h. ago Porsche Cyprus, Minthis unite in landmark lifestyle collaboration

On May 17, 2025, Porsche Cyprus and Minthis Resort came together to host an exclusive event that redefined lifestyle experiences through the Porsche Golf Open — a striking celebration of performance, elegance and shared values. This exclusive collaboration represents far more than a tournament; it reflects the synergy between two iconic brands—Porsche, the global symbol […]

Politics

35 h. ago Trump pushes EU to cut tariffs or face extra duties, FT reports

U.S. President Donald Trump’s trade negotiators are pushing the EU to make unilateral tariff reductions on U.S. goods, saying without concessions the bloc will not progress in talks to avoid additional 20% “reciprocal” duties, the Financial Times reported on Friday. U.S. Trade Representative Jamieson Greer is preparing to tell European Trade Commissioner Maros Sefcovic on […]

Politics

35 h. ago Cyprus Business Now: wages, maritime, CSE, BoC, compliance, real estate

Average monthly earnings in Cyprus rose by 5 per cent in the fourth quarter of 2024 compared to the same period in 2023, according to preliminary data released by the Cyprus Statistical Service (Cystat). When compared to the previous quarter, and after adjusting for seasonal fluctuations, average monthly earnings increased by 1.2 per cent in the fourth […]

Politics

44 h. ago G7 seeks to cut ‘excessive imbalances’ in global economy, may impose more Russia sanctions

Finance ministers and central bank governors from the Group of Seven democracies pledged on Thursday to address “excessive imbalances” in the global economy and said they could increase sanctions on Russia. The finance ministers and central bank governors, who met in the Canadian Rocky Mountains, said there was a need for a common understanding of […]

Politics

48 h. ago Israelis feel besieged by global antisemitism after Washington attacks

When Jerusalem resident Ziv Halsband woke up to news that two staff members of the Israeli embassy in Washington had been killed, the software developer came to a disturbing conclusion: Jews were not safe anywhere. “We hope that Trump will continue to help us and to protect us all, especially in the States. And we […]

Politics

49 h. ago Cyprus among EU countries with lowest share of pension recipients

In 2023, 45.1 per cent of people aged 50 to 74 across the EU were receiving a pension. In Cyprus, the rate was significantly lower at 37.8 per cent, the fifth-lowest in the bloc. Only Spain (30.7 per cent), Greece (34.1 per cent), Italy (35.4 per cent) and Denmark (37.7 per cent) recorded lower percentages. […]

Politics

49 h. ago CBC governor outlines strategies for economic resilience and growth

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Thursday used his address at the 4th ICPAC Mediterranean Finance Summit to underline the importance of resilience in the face of global economic uncertainties. At the event, Patsalides highlighted the necessity for strategic reforms and robust regulatory frameworks to ensure financial stability and sustainable growth. “We […]

Economics

50 h. ago EU to postpone key bank rules, waits on US deregulation plans

The European Union is set to delay new, global rules governing banks’ trading again as it waits for more clarity about the US administration’s plans to deregulate its financial sector, sources told Reuters. The Fundamental Review of the Trading Book (FRTB) is a key part the Basel III package devised in the wake of the […]

Politics

51 h. ago Oil prices fall more than 1 per cent on potential further increase to OPEC+ output

Oil prices dropped by more than 1 per cent on Thursday after a report that OPEC+ is discussing a production increase for July, stoking concerns that global supply could exceed demand growth. Brent futures lost $1.08, or 1.7 per cent, to $63.83 a barrel by 1134 GMT. US West Texas Intermediate crude was down $1.02, […]

Politics

51 h. ago THROWBACK: Το νικητήριο γκολ του Ακοράν στον τελικό του 2018! (ΒΙΝΤΕΟ)

Η ΑΕΚ ζεσταίνει… τον κόσμο της ενόψει του τελικού κυπέλλου και ανάρτησε βίντεο το νικητήριο γκολ του Ακοράν το 2018 όταν η ομάδα κατέκτησε το τρόπαιο κόντρα στον Απόλλωνα. ΔΕΙΤΕ ΕΔΩ:   View this post on Instagram   A post shared by AEK LARNACA FC OFFICIAL (@aeklarnacafc)

Politics

54 h. ago Three dead, thousands stranded in Australia’s Southeast flood disaster (V)

Flash flooding on Australia’s southeast coast has killed three people and cut off towns, isolating tens of thousands of residents, as officials on Thursday warned more downpours were expected over the next 24 hours. Major flooding hit several rural towns in the Hunter and Mid North Coast regions of New South Wales, Australia’s most populous […]

Events

59 h. ago Cyprus Business Now: housing, Keve, Deloitte, Freedom Holding, inflation

A significant decline of 24 per cent was recorded in the number of building permits issued in Cyprus in January 2025, when compared to the same month in 2024, according to data released by the Statistical Service. The total area covered by these permits also saw a decrease, although the total value of the permits […]

Economics

3 d. ago Precision Meets Prestige: Porsche Cyprus and Minthis Unite in a Landmark Lifestyle Collaboration

On May 17th, Porsche Cyprus and Minthis Resort came together to host an exclusive event that redefined lifestyle experiences through the Porsche Golf Open — a striking celebration of performance, elegance, and shared values. This exclusive collaboration represents far more than a tournament; it reflects the synergy between two iconic brands—Porsche, the global symbol of […]

Politics

3 d. ago Turkic states declare TRNC ‘inseparable member' at Budapest Summit

Turkic states declare TRNC ‘inseparable member' at Budapest Summit  TRT Global

Politics

3 d. ago Erdogan says Turkic world would be ‘incomplete’ without northern Cyprus

Turkish President Recep Tayyip Erdogan on Wednesday said the Turkic world would be “incomplete” without northern Cyprus. Addressing the day’s informal summit of the Organisation of Turkic States, which was held in Budapest, he stressed the importance of the connection between the global east and west through the Turkic world, through the “middle corridor” – […]

Politics

3 d. ago Cyprus household saving rate set to rise to 11 per cent in 2025

Household saving rates across the European Union are projected to stabilise in 2025 after recent volatility driven by economic uncertainty, according to the European Commission’s Spring 2025 Economic Forecast. The forecast highlights varied national trajectories, with countries like Cyprus, Portugal, and the Netherlands expected to see increases, while others, such as the United Kingdom and […]

Politics