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

5 d. ago Skills and optimism rise but fear still deters Cyprus entrepreneurs

Cyprus has reported a notable rise in early-stage entrepreneurial activity and public optimism, according to the latest Global Entrepreneurship Monitor (GEM) survey presented at the University of Cyprus. Despite this, fear of failure continues to pose a significant challenge for aspiring business founders, particularly among women. Now in its eighth consecutive year of participation, Cyprus […]

Events

8 d. ago TechIsland Summit: Cyprus ICT sector’s economic impact soars to €8.5 billion

Cyprus’ largest tech association, TechIsland, successfully hosted the TechIsland Summit 2025 in Limassol, its flagship annual gathering and a key stage of this year’s Reflect Festival. Bringing together leading figures from across the public and private sectors, the Summit provided a platform for dialogue around the country’s fast-growing digital economy, its challenges, and its international […]

Economics

8 d. ago Cyprus’ rising tech sector drives GDP and job creation, says KPMG

Christophoros Anayiotos, Head of Deal Advisory at KPMG in Cyprus, presented the latest economic impact assessment of the island’s tech sector during the TechIsland Summit on  Thursday. According to the 2024 figures, the tech sector contributes 16 per cent of Cyprus’ total Gross Value Added (GVA), a notable increase from 12.6 per cent the previous […]

Politics

8 d. ago Cyprus weather: Temperatures to rise Saturday, dust expected

Cyprus weather: Temperatures to rise Saturday, dust expected  Philenews

Politics

9 d. ago President affirms commitment to tech sector at Reflect Festival 2025

The government of Cyprus does not wish to stand in the way but rather be part of the journey of innovation and technology, according to president Nikos Christodoulides. The president addressed the audience at this year’s Reflect Festival through a recorded message, played during the opening ceremony, where he underlined the government’s support for entrepreneurship. […]

Politics

1 week ago Messy starts, beautiful rises the truth behind my creative power

In this fast-moving world, many people go through rough paths to make their dreams come true, and my journey is no different. I’m Amanda Cottrell, a teacher, author-illustrator, yoga and mindfulness advocate. I firmly believe that we are all infinitely creative beings but I did not reach this level overnight. My journey wasn’t easy. I […]

Politics

2 w. ago Snakes on the rise as drought drives snakes into Cyprus homes

Snakes on the rise as drought drives snakes into Cyprus homes  Kathimerini.com.cy

Politics

2 w. ago Black smoke rises as record conclave continues its search for next Pope

Black smoke billowed from the chimney atop the Sistine Chapel on Wednesday evening, signalling an inconclusive first vote in the most globally diverse conclave in Roman Catholic Church history. The 133 cardinal electors, drawn from 70 countries, began the sacred and secretive process of choosing a new spiritual leader for the world’s 1.4 billion Catholics, […]

Events

2 w. ago Cyprus property sales rise 12 per cent in first four months of 2025

Real estate sales in Cyprus rose by 12 per cent in the first four months of 2025 compared with the same period last year. In addition, figures for the month of April showed a slight nationwide increase despite small drops in Larnaca and Paphos. According to data from the Department of Land and Surveys, 1,404 […]

Politics

2 w. ago Industrial turnover in Cyprus rises 4.3 per cent in February 2025

The Industrial Turnover Index in Cyprus continued its upward trend in February 2025, reflecting positive momentum across several key sectors of the economy. According to data released, the index reached 130.4 units, based on 2021 as the reference year, set at 100 points. This figure represents a 4.3 per cent increase compared to February 2024. […]

Politics

2 w. ago Ukraine war, US uncertainty drive tech workers to Europe’s defence sector

Some European tech workers who might once have headed to the United States are looking at defence startups closer to home. Others are rushing back to Europe from jobs abroad. A sense of patriotism stirred by the war in Ukraine and US President Donald Trump’s upending of security alliances is a motivation for many, as […]

Events

3 w. ago Cyprus average monthly earnings rise to €2,487 — 4 in 10 earn below €1,500

The average gross monthly earnings of employees in Cyprus rose by 5.3 per cent in 2024, reaching €2,487, according to provisional data released on Wednesday by the state statistical service. In terms of the fourth quarter of 2024 specifically, gross monthly earnings stood at €2,813, up from €2,680 in the same quarter of the previous […]

Politics

3 w. ago Cyprus industrial production up by 4.3 per cent in early 2025

Cyprus’ industrial production recorded a steady rise of 4.3 per cent in the first two months of 2025 compared with the same period in the previous year, according to a report from the Cyprus Statistical Service (Cystat). The Industrial Production Index for February 2025 reached 108.5 units, with 2021 acting as the base year set […]

Politics

4 w. ago Turkish inflation expectations rise in April amid market fallout

Turkish inflation expectations edged up in April for businesses and market participants, and remained steady at 59.3 per cent in 12 months time for households, the central bank said on Friday, reflecting fallout from market turmoil last month. The real sector’s inflation expectations for the same period increased 0.6 points to 41.7 per cent in […]

Economics