13 h. ago Cyprus building permits fall but value rises to €361.5 million

The Cyprus Statistical Service (Cystat) on Friday announced a reduction of 1.9 per cent in the number of building permits issued during March 2025, when compared to the same month last year. A total of 572 building permits were authorised in March 2025, down from 583 in March 2024. The total value of these permits […]

Politics

18 h. ago Trump escalates trade war with Canada, EU and allies on edge

President Donald Trumpramped up his tariff assault on Canada on Thursday, saying the U.S. would impose a 35% tariff on imports next month and planned to impose blanket tariffs of 15% or 20% on most other trading partners. In a letter released on his social media platform, Trump told Canadian Prime Minister Mark Carney the […]

Politics

24 h. ago Cyprus trade deficit widens 2.3% in first five months of 2025

Cyprus trade deficit widens 2.3% in first five months of 2025  eKathimerini.com

Politics

38 h. ago Cyta subsidiary signs new collective agreements with trade unions

Cytacom Solutions Ltd, a subsidiary of Cyta, on Thursday announced that it recently signed the renewal of its collective labour agreements for the 2025–2027 period. These agreements, the company said, cover both its monthly and hourly-paid staff. Moreover, according to a statement issued by Cyta, the agreements “confirm the strong cooperation and mutual trust between […]

Politics

61 h. ago Cyprus trade turnover rises 5.7 per cent to €19.34 billion in 2023

Cyprus’ trade sector recorded positive growth in 2023, according to the state statistical service’s wholesale and retail trade survey, the results of which were released on Wednesday. Turnover and employment both increased during the reporting period, although value added at current prices fell slightly due to declining fuel prices. The report showed that total turnover […]

Politics

63 h. ago Cyprus beer exports fall sharply in June, local sales edge up

Beer exports from factories in Cyprus fell by 24.2 per cent in June 2025 compared to the same month last year, according to data from the Statistical Service (Cystat) this week. Exports dropped to 245,087 litres from 323,278 litres in June 2024, while domestic consumption edged up by 1.5 per cent to 4,601,840 litres. As […]

Politics

66 h. ago Trump escalates trade war with 50% tariff on copper, eyes levies on drugs and chips

President Donald Trump said he would impose a 50% tariff on imported copper and soon introduce long-threatened levies on semiconductors and pharmaceuticals, broadening his trade war that has rattled markets worldwide. One day after he pressured 14 trading partners, including powerhouse US suppliers like South Korea and Japan, with fresh tariff letters, Trump reiterated his […]

Events

3 d. ago Trade turbulence deepens: Trump hikes tariffs on 14 countries, including ‘allies’

U.S. President Donald Trump opened a new phase in the trade war he launched this year, telling partners, from powerhouse suppliers such as Japan and South Korea to minor players, that they face sharply higher tariffs from August 1. The imposition of a levy of 25% on U.S. importers of all goods from key allies […]

Politics

1 week ago British economy rebounds but faces challenges in second quarter

Britain’s economy grew at its fastest pace in a year in the first three months of 2025 as homebuyers rushed to beat a deadline on property purchases and manufacturers sped up output ahead of US President Donald Trump’s higher import tariffs. In a bounce that is not expected to be maintained in the rest of […]

Politics

1 week ago Cyprus government posts €551M budget surplus in first five months of 2025

Cyprus government posts €551M budget surplus in first five months of 2025  Kathimerini.com.cy

Politics

1 week ago Officer handed 18 months for commando’s helicopter jump death

Commando squadron officer Marinos Ioannou was handed an 18-month prison sentence on Monday without suspension, for the death of 27-year-old soldier Panayiotis Yiannios, who was critically injured during a helicopter training exercise in June 2022. Ioannou was responsible for the helicopter drop and was found guilty was found guilty on June 10 by the Nicosia […]

Events

2 w. ago Trump cuts off US trade talks with Canada, shattering optimism over tariff deals

US President Donald Trump on Friday abruptly cut off trade talks with Canada over its new tax targeting US technology firms, calling it a “blatant attack” and saying that he would set a new tariff rate on Canadian goods within the next week. The move, which plunges US relations with its second-largest trading partner back […]

Politics

2 w. ago Cyprus industrial output climbs in April, led by tech and materials

Cyprus’ industrial production index rose by 3 per cent year-on-year in April 2025, reaching 110.3 units, according to data released by the state statistical service on Friday. The April performance contributed to a 3.8 per cent increase in the index for the first four months of 2025 when compared with the same period last year. […]

Politics

2 w. ago EU leaders discuss new US trade proposal as deal clock ticks down, talks could fail says Commission President

European Union leaders discussed new proposals from the United States on a trade deal at a summit in Brussels , with Commission President Ursula von der Leyen not ruling out tariff talks could fail and saying “all options remain on the table”. Time is running out for the bloc to find a common position before […]

Politics

2 w. ago Cyprus Business Now: CSE, maritime, energy, real estate, consumer price, banks

Trade unions are raising objections over the privatisation of the Cyprus Stock Exchange (CSE), warning that staff rights have not been fully safeguarded under the draft law currently before Parliament. During Monday’s session of the Finance Committee, representatives from Sek and Peo said that while agreements had been reached with the Finance Ministry during earlier consultations, […]

Economics

2 w. ago CSE privatisation bill sparks staff rights dispute with unions

Trade unions are raising objections over the privatisation of the Cyprus Stock Exchange (CSE), warning that staff rights have not been fully safeguarded under the draft law currently before Parliament. During Monday’s session of the Finance Committee, representatives from Sek and Peo said that while agreements had been reached with the Finance Ministry during earlier […]

Politics

3 w. ago India, Cyprus To Align Growth Visions, Deepen Trade And Investment

India, Cyprus To Align Growth Visions, Deepen Trade And Investment  BW Businessworld

Politics

3 w. ago Trade unions not backing down from full CoLA for civil servants

Public sector trade unions reaffirmed their determination on Tuesday that the cost-of-living allowance should be paid in full to civil servants, including teachers and the military. The meeting took place at Pasydy headquarters in Nicosia and all participating trade unions said the highest possible CoLA should be extended to businesses in the private sector, wherever […]

Politics

3 w. ago War, Terrorism, Defence Cooperation, Trade & Investment: Key Takeaways From PM Modi

War, Terrorism, Defence Cooperation, Trade & Investment: Key Takeaways From PM Modi-Cyprus President Nikos Christodoulides Bilateral Talks  Republic World

Events

3 w. ago India expects EU trade deal by year end as Cyprus pledges support

India expects EU trade deal by year end as Cyprus pledges support  Reuters

Politics