21 h. ago How can an entity as important as the EAC be run in such a way?

Sir, There have been a number of reports from time to time over many years about the high cost of electricity in Cyprus. For example: On January 31, 2025 the energy minister, George Papanastasiou was reported as saying that there will be “No major drop in electricity costs this year”. On May 30, 2025 the same […]

Politics

30 h. ago Nvidia chips make gains in training largest AI systems, new data shows

Nvidia’s (NVDA.O) newest chips have made gains in training large artificial intelligence systems, new data released this week showed, with the number of chips required to train large language models dropping dramatically. MLCommons, a nonprofit group that publishes benchmark performance results for AI systems, released new data about chips from Nvidia and Advanced Micro Devices […]

Politics

64 h. ago German woman arrested over north property testifies over flight with Elam MEP

The 49-year-old German woman who stands accused of having sold Greek Cypriot property in the north on Friday told the Nicosia criminal court about the flight from Germany to Cyprus she spent with Elam MEP Geadis Geadi which ended with her being arrested in July last year. Friday’s hearing formed part of the “trial within a […]

Events

3 d. ago Global rift deepens as EU rejects US sanctions on ICC judges

The European Union strongly supports the International Criminal Court, the head of the bloc’s highest political body said on Friday, after US President Donald Trump’s administration imposed sanctions on four judges at the court. Antonio Costa, president of the European Council, which represents national governments of the 27 member states, said the court is “a […]

Events

4 d. ago Former Cyprus football chief Koumas may face criminal charges over corruption case

Former Cyprus football chief Koumas may face criminal charges over corruption case  Philenews

Sport

5 d. ago Criminal case against policeman who leaked info to murdered gang member dropped

The criminal case against a policeman who was found to be leaking information to murdered gang member Demetris Andronikou was dropped on Wednesday, with the policeman returning to work. According to news website Reporter, the officer was “serving in a critical position at the time”, but with the investigation into his conduct now having been […]

Events

5 d. ago Cyprus property prices set to drop as supply rises, says president

Cyprus is expected to experience a decline in both rental and property purchase prices in the coming years, President Nikos Christodoulides announced this week. Speaking at a dinner hosted by the Cyprus Property Developers Association in Limassol, the president attributed the anticipated price drop to new housing developments that are set to balance supply and […]

Politics

5 d. ago Law Office to decide on criminal charges against outgoing Cyprus football chief Koumas

Law Office to decide on criminal charges against outgoing Cyprus football chief Koumas  Philenews

Sport

5 d. ago UK mortgage approvals drop to lowest in over a year after tax break ends

The number of mortgages approved by British lenders for house purchase fell more than expected in April to their lowest in over a year as the market adjusted to higher purchase taxes. Earlier government data showed that British house purchases surged in March to take advantage of the final month of an exemption from stamp […]

Politics

7 d. ago Northern Cyprus: RSF calls for permanent protection of a journalist whose source has been murdered

Northern Cyprus: RSF calls for permanent protection of a journalist whose source has been murdered  Reporters sans frontières

Events

9 d. ago UK’s car output drops in April, sees worst start to year since 2009

Britain’s vehicle output dropped sharply in April, marking the worst start to the year since 2009, due to weak export demand and the timing of Easter, industry data showed this week. The drop comes as European carmakers strive to cut costs amid stiff competition, US tariffs on auto imports, and a slowing global economy, with […]

Politics

1 week ago Cyprus Business Now: properties, investors, financial literacy, unemployment

Cyprus recorded €43.8 million in high-value property transactions in April 2025, marking a 52.8 per cent drop compared to March, according to real estate analytics firm Ask Wire. Based on Land Registry data published this week, the ten most expensive transactions nationwide totalled €18.4m. The highest-value deal was the €3.3m sale of a plot in […]

Economics

1 week ago Cyprus sees €43.8 million in April property sales, led by €3.3 million Engomi plot

Cyprus recorded €43.8 million in high-value property transactions in April 2025, marking a 52.8 per cent drop compared to March, according to real estate analytics firm Ask Wire. Based on Land Registry data published this week, the ten most expensive transactions nationwide totalled €18.4m. The highest-value deal was the €3.3m sale of a plot in […]

Economics

1 week ago Cyprus sees drop in child poverty rate, ranks second lowest in EU

Cyprus sees drop in child poverty rate, ranks second lowest in EU  Kathimerini.com.cy

Politics

1 week ago Cyprus at the centre of global drug money laundering, warns Paphos mayor

Cyprus is becoming a major player in international money laundering networks linked to Latin American drug cartels, Paphos Mayor Phedonas Phedonos warned on Wednesday. The island, already known as a hub for drug use and trafficking, is now reportedly being used to launder dirty money flowing in from some of the world’s most dangerous criminal […]

Events

1 week ago Businessman testifies against Aykut in property usurpation case

Greek Cypriot businessman Savvas Kakos testified as a prosecution witness in the ongoing trial of Turkish-Israeli property developer Simon Mistriel Aykut at the Nicosia Criminal Court on Wednesday. Aykut, who claims nationality in Turkey, Israel, and the ‘TRNC’, is being tried for the alleged usurpation and sale of €43 million worth of Greek Cypriot property […]

Politics

1 week ago Cyprus economic sentiment dips in May as services outlook worsens

A renewed deterioration in the business climate within the services sector contributed to a further decline in economic sentiment in Cyprus in May, with the Economic Sentiment Indicator (ESI-CypERC) dropping by 1.5 points compared to April. According to the Economics Research Center of the University of Cyprus (CypERC), the decline was largely driven by falling […]

Economics

2 w. 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

2 w. 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

2 w. ago Trump confronts Ramaphosa with false claims of white genocide

US President Donald Trump confronted South African President Cyril Ramaphosa on Wednesday with explosive false claims of white genocide and land seizures during a tense White House meeting that was reminiscent of his February ambush of Ukrainian leader Volodymyr Zelenskiy. South Africa has one of the highest murder rates in the world, but the overwhelming […]

Politics