37 h. ago Cyprus housing market surges in early 2025, driven by demand for new builds

Cyprus’ housing market recorded a strong start to 2025, with residential property sales rising sharply in both volume and value during the first quarter, according to a report released on Thursday by Landbank Analytics. The analysis, based on contracts of sale submitted to the Department of Lands and Surveys, showed a notable increase in demand […]

Politics

42 h. ago Cyprus Business Now: property market, Jumbo, RIF, tourism, European Commission

Cyprus is no longer considered a country with macroeconomic imbalances, according to the European Commission’s 2025 Spring Package under the European Semester. This decision follows a sustained reduction in vulnerabilities related to external and private debt, supported by strong economic growth. At the same time, the European Commission has issued targeted policy recommendations to guide […]

Society

3 d. ago Our View: Will electricity market liberalisation lower prices?

The Cyprus electricity market will open to independent producers in mid-September and from October 1, the trading in electricity will commence. The opening up of the market, which was meant have taken place years ago, but was repeatedly postponed for a variety of reasons, was finally announced by the Cyprus energy regulator Cera last week. […]

Economics

4 d. ago Minister: I can’t tell if prices will go down after electricity privatisation

Energy Minister George Papanastasiou on Monday said he “cannot tell” if consumers’ energy bills will go down after Cyprus’ electricity grid is opened to private companies. “I cannot tell you whether the price will go down, because this particular model, namely the ‘target model’, has not been tested in small markets such as in Cyprus,” […]

Politics

7 d. ago Port Authority outlines major projects in Vasiliko and Latchi

The Cyprus Ports Authority (CPA) has reaffirmed its commitment to two major infrastructure projects, the industrial expansion of the Vasiliko port and the sustainable redevelopment of the Latchi marina, as it marks 52 years of service to the Republic of Cyprus. During a media briefing held at the Vasiliko Cement Plant, CPA director general Anthimos […]

Politics

7 d. ago Minister unsure whether privatisation will make energy bills cheaper

Energy Minister George Papanastasiou on Friday said he is unsure whether the opening of Cyprus’ electricity grid to private companies will lower people’s electricity bills. Speaking to the Cyprus News Agency, he said that in large electricity markets, prices typically remain stable when private first companies are allowed to enter, with them then falling later […]

Politics

7 d. ago Gesy marks six years with over a million beneficiaries and 42 million doctor visits

In its six years of operation, Cyprus’ national health system, Gesy, has registered over a million beneficiaries and logged more than 21 million visits to general practitioners and roughly the same number to specialists, it was announced on Friday. To date, there have been over 3.6 million visits to radiological diagnostic centres, 17 million to […]

Science

7 d. ago Cyprus marks world MS Day with calls for support and improvements

Health Minister Michael Damianos delivered a speech on the occasion of World Multiple Sclerosis Day on Friday, emphasising the state’s duty to support patients in remaining active citizens. According to Damianos, more than 2,500 people in Cyprus and over 2.5 million people worldwide live with multiple sclerosis (MS), with 65 to 70 per cent being […]

Politics

7 d. ago Cyprus competitive electricity market to launch September 2025 with uncertain price impact

Cyprus competitive electricity market to launch September 2025 with uncertain price impact  Philenews

Economics

7 d. ago Larnaka Airport welcomes 2025 FIBA EuroBasket trophy, mascot

With smiles and wishes for a successful event, Hermes Airports welcomed the FIBA EuroBasket 2025 trophy and mascot to Larnaka Airport on May 26, 2025. In collaboration with the organising committee of FIBA EuroBasket in Cyprus, Hermes proudly welcomed the prestigious trophy, along with Marky Mark, the mascot of the largest sports event to be […]

Politics

8 d. ago Why local SEO should be part of every business plan in Cyprus

Effective local SEO has never been more critical to search visibility and should be a major consideration in every business plan. This is particularly the case for Cyprus, where businesses operate in a small but dynamic market. If you have a café in Nicosia, a law firm in Limassol, or a rental car business in […]

Politics

9 d. ago Cyprus Business Now: pharmaceutical factory, film production in Limassol, tourism

The 1st Annual General Meeting (AGM) of C.M.C.L. – Cyprus Marine Club Limited –in Limassol, marking its shift to a company limited by guarantee and electing a new board for 2025–2026. According to the statement, the meeting, which was held on May 23, opened with the confirmation of a quorum at 71.2 per cent. The […]

Culture

9 d. ago Nick Michaelides, Real Estate Guru and Entrepreneur, Announces Expansion into Global Markets with OfficeSteps and Semiramis Hotel Location: Cyprus

Nick Michaelides, Real Estate Guru and Entrepreneur, Announces Expansion into Global Markets with OfficeSteps and Semiramis Hotel Location: Cyprus  FinancialContent

Politics

1 week ago Cyprus Maritime Club elects new board at first AGM under renewed structure

The 1st Annual General Meeting (AGM) of C.M.C.L. – Cyprus Marine Club Limited –in Limassol, marking its shift to a company limited by guarantee and electing a new board for 2025–2026. According to the statement, the meeting, which was held on May 23, opened with the confirmation of a quorum at 71.2 per cent. The […]

Politics

1 week ago Cyprus Business Now: Business Support Centre, inflation, short

Cyprus inaugurated its new Business Support Centre (BSC) on Monday, marking what the government described as a turning point in efforts to cut red tape, attract investment and support entrepreneurship. Located in Nicosia, the centre will act as a one-stop-shop for both Cypriot and foreign investors seeking to launch or expand operations on the island. […]

Economics

1 week ago Paphos leads house price growth, Nicosia lags behind as market slows

Cyprus’ housing market continued to cool in the fourth quarter of 2024, with Paphos recording the strongest price growth while Nicosia posted the weakest performance, a marginal annual decline, according to the latest data from the Central Bank of Cyprus (CBC). The general House Price Index (HPI), compiled by the CBC in cooperation with the […]

Economics

1 week ago Chinese automaker BYD enters Cyprus market with three electric and hybrid models (photos)

Chinese automaker BYD enters Cyprus market with three electric and hybrid models (photos)  Philenews

Culture

1 week ago Chinese automaker BYD joins Cyprus market with three electric and hybrid models (photos)

Chinese automaker BYD joins Cyprus market with three electric and hybrid models (photos)  Philenews

Culture

1 week ago Business Support Centre, promising faster licensing and less red tape

Cyprus inaugurated its new Business Support Centre (BSC) on Monday, marking what the government described as a turning point in efforts to cut red tape, attract investment and support entrepreneurship. Located in Nicosia, the centre will act as a one-stop-shop for both Cypriot and foreign investors seeking to launch or expand operations on the island. […]

Politics

1 week ago Robotex MRC Cyprus 2025 returns with new challenges and international reach

The Cyprus Computer Society (CCS) has announced that registrations for Robotex MRC Cyprus 2025 will close on May 29. The major educational robotics event will take place on June 28-29, 2025, at the University of Cyprus Sports Centre. This year marks the 8th edition of Robotex Cyprus and the 2nd edition of the Minoan RobotSports […]

Politics