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 UK and France finalise irregular migration deal despite Cyprus’ objections

The United Kingdom and France on Thursday night finalised a deal wherein the UK will begin to return irregular migrants who had crossed the English Channel back to France, despite Cyprus and four other European Union members raising objections to it. According to the British government, the deal will see a pilot scheme implemented wherein […]

Sport

18 h. ago Loan costs remain high in Cyprus while depositors see limited returns

The average interest rate for household time deposits up to one year in Cyprus stood at 1.16 per cent in the latest data published by the Central Bank of Cyprus, lagging behind the euro area average of 1.84 per cent. According to the CBC, the highest one-year household deposit rate among Cypriot banks was offered […]

Politics

34 h. ago Holidays to Spain, Turkey and Cyprus rocket in price but cost of trips to 2 countries fall

Holidays to Spain, Turkey and Cyprus rocket in price but cost of trips to 2 countries fall  Daily Express

Economics

40 h. ago Turkey hikes tax on lira deposits to lift revenue, curb dollar use

Turkey has raised the withholding tax on short-term Turkish lira deposits and investment funds by 2.5 percentage points, a move economists said was aimed at boosting budget revenues and curbing dollarisation. For deposit accounts with a maturity of up to six months, the rate was increased to 17.5 per cent from 15 per cent, a […]

Politics

47 h. ago Jet2 shares fall as 2026 outlook withheld amid booking delays

British low-cost airline and travel firm Jet2 (JET2.L) said it was premature to give a forecast for fiscal year 2026 as later bookings and global uncertainty clouded visibility into future business, sending shares sharply lower on Wednesday. The global travel and leisure sector is operating against the backdrop of geopolitical disruptions and inflationary cost pressures, […]

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

3 d. ago Cyprus graduate employability hits 93 per cent after five years

Cyprus recorded a 93 per cent employability rate for higher education graduates five years after completing their studies, according to the second cycle of the national graduate tracking mechanism (CYGraduates).  The findings, presented by Education Minister Athena Michaelidou, shed light on graduates’ transition into the labour market, their satisfaction with studies, and the mismatch between […]

Events

4 d. ago Bank of Cyprus launches new ‘Joey Extras’ reward scheme for kids, parents

The Bank of Cyprus (BoC) launched its new, innovative and pioneering rewards programme, “Joey Extras”, on July 1, 2025. Specifically designed to offer unique benefits to “Joeyers” (children aged 9–17) and their parents or guardians, Joey Extras is activated automatically upon registration with the Joey app and issuance of a Joey card. Joey Extras delivers […]

Events

5 d. ago Rate cut windfall for VTB may fund Russia’s state defence sector

Every 1 per cent cut in central bank interest rates gives Russia’s VTB Bank an extra 20 billion roubles ($250 million) in net profit, CFO Dmitry Pyanov told Reuters, which benefits the government as the state-owned lender plans to distribute 50 per cent of its profits via dividends – half of it to the state. […]

Politics

6 d. ago British house prices fall 0.8 per cent in June, defy growth forecasts

British house prices fell by 0.8 per cent in June, a sharper fall than forecast and the biggest monthly decline in more than two years, as a discount on property transactions ended, data from mortgage lender Nationwide showed this week. Economists polled by Reuters had forecast a 0.2 per cent monthly increase. For the year, […]

Politics

7 d. ago Kedipes ends interest subsidy scheme as rates and inflation fall

State-owned asset management company (Kedipes) announced this week that it has officially terminated its interest subsidy scheme for performing credit facilities indexed to the European Central Bank’s main refinancing rate, effective from July 1, 2025. The decision was taken by Kedipes’ board of directors, marking the end of a support plan that had been in […]

Politics

7 d. ago Cyprus Business Now: Admie, properties, SMEs, inflation, unemployment

Greece’s power grid operator on Thursday pushed back against mounting criticism over its demand that Cyprus cover part of the costs for the undersea electricity interconnection project linking Cyprus, Greece, and Israel. The independent power transmission operator (Admie) insisted that Cyprus’ delay in honouring its obligations under a bilateral agreement threatens to derail the entire project, […]

Economics

8 d. ago This $0.03 token is what Stellar (XLM) holders are swapping into before the next bull run

Stellar (XLM) holders are making a noticeable shift—not just across exchanges, but on-chain. Wallet data shows reallocations from passive, inflationary assets like XLM into smaller-cap DeFi plays that offer more than promises. Mutuum Finance (MUTM) is quickly becoming the token of choice among these retail and mid-sized investors, and it’s not hard to understand why. […]

Politics

8 d. ago UK food prices push up shop price inflation for first time in nearly a year

British food prices accelerated by the most since March 2024 in June, pushing up overall shop prices rose for the first time in nearly a year, according to a survey from a retail industry group which warned price pressures may rise again. Food prices jumped by 3.7 per cent compared with June last year, speeding […]

Economics

8 d. ago Bank of Israel expected to hold rates, August cut seen as likely

The Bank of Israel is expected to leave short-term interest rates unchanged next week but analysts believe a cut is possible as early as August following a swift war with Iran that likely set back the Iranian nuclear programme. Ten of the 11 economists polled by Reuters said the central bank will keep its benchmark […]

Politics

9 d. ago UK interest rates could fall to 2.25 per cent by late 2025, says BoE official

Bank of England policymaker Alan Taylor said on Wednesday that a soft landing for Britain’s economy is now at risk and that economic data had recently argued for five interest rate cuts in 2025 rather than four. “Previously, I had seen a UK soft landing in the cards, with some remaining upside risks to inflation […]

Politics

9 d. ago Government defends Nicosia spending, denies accusations of unjust distribution of funds

Following critical statements by the municipalities of Strovolos and Lakatamia, the government has rejected accusations of unfairly allocating funds from its €1 billion development scheme, denying claims of favouritism toward Nicosia’s city centre. Responding to the “unfounded claims made by the municipality of Strovolos”, the government said it had allocated funds for an energy upgrade […]

Politics

9 d. ago Cyprus jobless rate falls to 3.6 per cent, fifth lowest in EU

Unemployment in Cyprus stood at 3.6 per cent in May 2025, down from 3.7 per cent in April and 4.8 per cent in May 2024, according to data released by Eurostat on Wednesday. The number of unemployed remained unchanged compared to April, while in May last year it was significantly higher. By gender, the unemployment […]

Politics

9 d. ago Japan invokes national interest as tariff talks with US struggle

Japanese Prime Minister Shigeru Ishiba said on Wednesday he was determined to protect his country’s national interests as trade negotiations with the U.S. struggled and President Donald Trump threatened even higher tariff rates on the Asian ally. “Japan is different from other countries as we are the largest investor in the United States, creating jobs,” […]

Politics