18 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

23 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

30 h. ago Famagusta municipality upset at north’s refusal to allow Kataklysmos celebrations

The Famagusta municipality on Friday said it “regretted” the Turkish Cypriot authorities’ decision to not allow Kataklysmos celebrations to take place in the town. “This year’s Kataklysmos celebrations will not take place in Famagusta, despite people’s collective efforts and the support that groups of residents of Famagusta have tried to offer and the support we […]

Politics

44 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

44 h. ago Cyprus Business Now: finance ministry, real estate, tourism, inflation

The Finance Ministry on Thursday expressed satisfaction with the findings of the European Commission included in the 2025 Spring Package for Cyprus. In a statement, the ministry said that the report “clearly confirms the steady progress, resilience, and dynamism of the Cypriot economy“. Moreover, the ministry underlined that these findings are particularly noteworthy given the current […]

Economics

48 h. ago CySEC imposes fines on 13 listed companies for 2023 financial report delays

The Cyprus Securities and Exchange Commission (CySEC) has announced the imposition of administrative fines on thirteen listed companies for breaches of the Transparency Requirements (Securities Admitted to Trading on a Regulated Market) Law of 2007, as amended. The fines relate to failures in the timely publication of half-year financial reports for the year 2023. A […]

Politics

54 h. ago Police wrap up search for Madeleine McCann evidence in Portugal’s Algarve

Portuguese and German police were on Thursday wrapping up their search in Portugal’s southern Algarve region for evidence related to the disappearance of British toddler Madeleine McCann 18 years ago. There were no immediate announcements on the outcome of the operation as vans with German license plates and a Portuguese police vehicle left one of […]

Events

57 h. ago Mutuum Finance set to dethrone Cardano as next big Cryptocurrency, experts target 70x in 2025

Mutuum Finance (MUTM) is surging as a top contender in the crypto market, drawing intense investor interest. Currently in Phase 5 of its presale, the project has raised $9,900,000 and sold over 530 million tokens, amassing 11,700 holders. Priced at $0.03, the token offers a 200% increase from its opening phase at $0.01. Experts project […]

Events

58 h. ago Cyprus art group slams biennale book withdrawal as ‘censorship’

The association of visual artists and art theorists (Phytorio) has condemned the government’s decision to withdraw a publication linked to the 2025 Venice architecture biennale, calling it “a form of censorship” and warning of growing control over artistic expression. In a strongly worded statement released on Thursday, Phytorio expressed “deep concern and regret” over the […]

Politics

61 h. ago Financial regrets shared by Cypriots form backbone of new education campaign

Cypriots are speaking out about their most painful financial mistakes as part of a new campaign launched on Thursday by the Cyprus Securities and Exchange Commission (CySEC) and the department of accounting and finance at the University of Cyprus (UCy). From rushed decisions made under emotional stress to falling for dubious schemes promising quick profit, […]

Politics

62 h. ago Finance Ministry hails EU report on Cyprus’ economic resilience

The Finance Ministry on Thursday expressed satisfaction with the findings of the European Commission included in the 2025 Spring Package for Cyprus. In a statement, the ministry said that the report “clearly confirms the steady progress, resilience, and dynamism of the Cypriot economy“. Moreover, the ministry underlined that these findings are particularly noteworthy given the […]

Economics

62 h. ago Cyprus joins EU complaint against Shein over misleading tactics

Twenty-four consumer organisations from 21 countries, including the Cyprus Consumers Association, filed an official complaint with the European Commission against the online retail platform Shein on May 30, 2025. The organisations involved also submitted an external alert to the Consumer Protection Cooperation (CPC) Network against the same company. According to a statement by the Cyprus […]

Politics

62 h. ago Increased security measures by police over Kataklysmos festivities

Police on Thursday announced increased security measures over the Kataklysmos (flood festival) weekend running from Saturday to Monday night.  “The measures taken include an increased presence of police, particularly officials from the traffic department on motorways, intercity roads and especially on the main roads,” the police said. They added that “particular emphasis” would be placed […]

Events

63 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

68 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

2 d. ago Our View: Are suggestions of producing ‘cutting edge military equipment’ anything other than fantasy?

When President Nikos Christodoulides first spoke about his government’s plans to develop Cyprus’ defence industry at the end of last year, many may have thought he was joking. He was not, as shortly afterwards he announced ‘six actions’ to boost the local defence industry. These included the participation of Cyprus companies in military equipment programmes […]

Sport

3 d. ago Trump tax bill to leave 10.9 million more uninsured, says CBO

The nonpartisan Congressional Budget Office on Wednesday projected that President Donald Trump’s tax-cut bill, as passed by the U.S. House of Representatives, would increase the number of uninsured by 10.9 million in ten years. Another 5.1 million people would lose access to health insurance over that period under current law, the CBO said.

Economics

3 d. ago EU, US report progress on trade talks despite new metals tariffs

The United States and European Union said trade talks advanced quickly and in the right direction on Wednesday, top negotiators said, despite a stumbling block posed by new U.S. metals tariffs. President Donald Trump’s doubling of tariffs on steel and aluminium imports kicked in on Wednesday, the same day hisadministration sought”best offers”from trading partners to […]

Politics

3 d. ago Fabregas shuts down Inter speculation and vows to continue at Como

Cesc Fabregas pledged his immediate managerial future to Como on Wednesday amid increasing speculation that the Spaniard is the main target for Inter Milan to replace the recently departed Simone Inzaghi. Fabregas — former Arsenal, Barcelona and Chelsea midfielder — has attracted the attention of several top clubs after leading promoted Como to a 10th […]

Politics

3 d. ago EU removes Cyprus from list of countries with macroeconomic imbalances

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 […]

Economics