17 h. ago Cyprus wholesale trade and vehicle services grow in first quarter

The value of wholesale trade and motor vehicle-related activities in Cyprus continued to rise in the first quarter of 2025, according to data released on Friday by the state statistical service. The turnover value index for wholesale trade, except of motor vehicles, recorded an annual increase of 4.8 per cent compared to the same period […]

Politics

7 d. ago IMF and EU to Cyprus: Cool it on the pay rises, you're not made of money

IMF and EU to Cyprus: Cool it on the pay rises, you're not made of money  Kathimerini.com.cy

Economics

9 d. ago Jumbo Cyprus sales up 8 per cent in first five months of 2025

Greek retail group Jumbo reported a strong rise in store sales across Cyprus and Greece in May 2025, reflecting a gradual rebound after a slower start to the year due to Easter falling much earlier than in 2024. Sales at Jumbo’s Cyprus stores increased by 14.5 per cent in May compared to the same month […]

Politics

9 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

1 week ago Despite presidential pleas, Cyprus electricity bills set to rise again

Despite presidential pleas, Cyprus electricity bills set to rise again  Kathimerini.com.cy

Politics

3 w. 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

3 w. 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

4 w. 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

4 w. 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

4 w. ago Cyprus weather: Temperatures to rise Saturday, dust expected

Cyprus weather: Temperatures to rise Saturday, dust expected  Philenews

Politics

4 w. 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