22 h. ago Cyprus Business Now: BoC rates, hoteliers association, employment, Vassiliko

The Bank of Cyprus on Friday announced a fresh reduction in its reference interest rate for loans linked to the European Central Bank’s (ECB) base rate, in direct response to the ECB’s latest monetary easing. The bank will lower its rate from 2.40 per cent to 2.15 per cent, with the change taking effect from […]

Politics

26 h. ago Our View: Government split on public sector pay could be costly

The European Commission sounded a warning about state expenditure for this year as it was forecasted to grow by more than the government stipulated it would. The government’s commitment to the EU was for the growth of spending to reach 6 per cent in 2025 but according to the Commission’s six-monthly report this will reach […]

Politics

47 h. ago Cyprus services and transport turnover increases in first quarter

The turnover value index for services and transport in Cyprus recorded increases during the first quarter of 2025 compared to the same period in 2024. According to the state statistical service, administrative and support service activities rose by 10.6 per cent in turnover value, according to the latest data. Accommodation and food service activities saw […]

Sport

3 d. ago Zelenskiy suggests truce until meeting with Putin can be arranged

Ukrainian President Volodymyr Zelenskiy on Wednesday proposed implementing a ceasefire until a meeting can be arranged with Russian President Vladimir Putin. “My proposal, which I believe our partners can support, is that we agree a ceasefire with the Russians until the leaders meet,” Zelenskiy told a briefing in Kyiv. “At this time, people will understand […]

Politics

3 d. ago June hotel occupancy in Cyprus forecast to reach 80 per cent

Hotel occupancy in Cyprus was slightly down in May, compared to the same month last year, according to the president of the Cyprus Hoteliers Association (Pasyxe) Thanos Michaelides. However, overall figures for the first half of 2025 are expected to surpass those of 2024, as bookings continue to gain pace heading into the summer. Speaking […]

Events

3 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

3 d. ago Higher metals tariffs kick in as deadline for ‘best’ offers arrives

The US tariff rate on most imported steel and aluminum doubled on Wednesday as President Donald Trump ratchets up a global trade war on the same day he expects trading partners to deliver their “best offer” in bids to avoid punishing import tax rates on other goods from taking effect in early July. Late on […]

Events

4 d. ago Parents must have role in teacher evaluations, says federation

Parents must be formally included in evaluating teachers and schools, the Nicosia federation of primary school parent associations proposed on Tuesday. The group argues that involving parents in the new teacher and educational work evaluation system would boost transparency, accountability and shared responsibility across the public education sector, ultimately benefitting pupils. In a written statement, […]

Society

4 d. ago Eurozone inflation eases below ECB target, supporting rate cut bets

Eurozone inflation eased below the European Central Bank’s target last month on surprisingly benign services costs, underpinning expectations for further policy easing even as global trade tensions fuel longer-term price pressures. Consumer price inflation in the 20 countries sharing the euro slowed to 1.9 per cent in May from 2.2 per cent a month earlier, […]

Events

4 d. ago Government launches €67.5m investment scheme to boost agriculture

Cyprus will roll out a €67.5 million investment scheme this Thursday as part of its strategic plan under the EU’s common agricultural policy (CAP), government spokesman Konstantinos Letymbiotis confirmed on Tuesday. Speaking at the presidential palace, Letymbiotis said the programme forms a key pillar of the 2023–2027 CAP strategy, aiming to modernise the island’s farming […]

Politics

4 d. ago EAC proposes 3 per cent tariff hike after presidential intervention

The electricity authority (EAC) is to propose a 3 per cent increase in the price of electricity paid by consumers, its chairman George Petrou said on Tuesday. The plan comes after the EAC had initially requested from the Cyprus energy regulatory authority (Cera) that consumer tariffs be raised by 7.5 per cent, with President Nikos […]

Politics

4 d. ago Cyprus records 4.3 per cent surplus as IMF warns of overheating

Cyprus records 4.3 per cent surplus as IMF warns of overheating  Cyprus Mail

Events

4 d. 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

4 d. ago OECD cuts global growth forecast as trade tensions take heavier toll

Global economic growth is slowing more than expected only a few months ago as the fallout from the Trump administration’s trade war takes a bigger toll on the US economy, the OECD said on Tuesday, revising down its outlook. The global economy is on course to slow from 3.3 per cent last year to 2.9 […]

Politics

4 d. ago Turkish inflation falls to 35.4 per cent in May, below forecast

Turkish annual inflation dipped to 35.41 per cent in May, official data showed on Tuesday, below a Reuters poll forecast and less than half the level of more than 75 per cent that it reached a year earlier. Month-on-month, consumer price inflation was 1.53 per cent, the Turkish Statistical Institute said, also below forecasts. In […]

Politics

4 d. ago New US proposal for nuclear deal set to be rejected by Iran, raising tensions

Iran is poised to reject a U.S. proposal to end a decades-old nuclear dispute, an Iranian diplomat said on Monday, dismissing it as a “non-starter” that fails to address Tehran’s interests or soften Washington’s stance on uranium enrichment. “Iran is drafting a negative response to the U.S. proposal, which could be interpreted as a rejection […]

Events

5 d. ago Survey finds 76 per cent of Cypriots shop online, hitting all

Seventy six per cent of Cypriots shop online now, surpassing the previous high of 70 per cent in 2021, according to a survey released Monday.   The frequency with which consumers make online purchases also increased, with the average number of purchases per month being 2.0 in 2025, 1.6 for 2023, and 1.2 for 2022. […]

Events

5 d. ago Celestyal opens Summer 2025 with 60% savings across 87 sailings

Celestyal has marked the start of its summer season with a promotion featuring up to 60-per cent savings across 87 sailings departing from June 2025 to March 2027. Applicable sailings in the Arabian Gulf include 19 departures of the seven-night ‘Desert Days’ itinerary, sailing roundtrip from either Dubai or Doha, and 13 departures of the […]

Politics

5 d. ago Polish eurosceptic Nawrocki expected to win presidential vote, news website Onet says

Nationalist and eurosceptic Karol Nawrocki was expected to win Poland’s presidential election based on all votes counted, the news website Onet reported on Monday, in results that would deal a blow to the reform agenda of the pro-European government. The Polish Electoral Commission said on its website that it had counted all of the votes. […]

Politics

5 d. ago Polish eurosceptic Nawrocki wins presidential vote, electoral commission says

Polish nationalist opposition candidate Karol Nawrocki won the second round of the country’s presidential election with 50.89% of the votes, the electoral commission said early on Monday on its website. His rival, Rafal Trzaskowski, the liberal Warsaw mayor and an ally of the government led by Donald Tusk, got 49.11%. Nawrocki, 42, a eurosceptic historian […]

Politics