27 m. ago Dry bulk freight in transition in 2025–2026, and what it means for Cyprus

The dry bulk freight market in 2025 delivered steadier, more restrained performance rather than the sharp peaks seen in previous cycles, reflecting a year of moderation rather than exuberance. Average daily earnings, adjusted for inflation, reached $14,255, roughly one third below the long-term average of $21,970, keeping the market firmly within historical norms. As reported […]

Politics

9 h. ago Greek national arrested in north on drug trafficking charges

A Greek national suspected of trafficking drugs has been arrested and detained by authorities in the north, media reported on Thursday. Turkish Cypriot newspaper Kibris Postasi said the man was arrested in the northern part of Nicosia. During the operation, police in the north discovered two kilograms of cannabis inside a plastic bag. The bag […]

Events

9 h. ago Tax reform talks hit impasse as wealth tax proposals divide MPs

Strong disagreements came to the fore on Thursday as opposition MPs haggled with government officials over aspects of the tax reform legislation, just days before the bills head to the House plenum for a vote. The vote at the House plenary will take place on Monday, December 22 – cutting it very close to the […]

Events

10 h. ago Lawyer urges Cyprus to reject Russia extradition bid over 2009 piracy case

The attorney for an Israeli national wanted by Russia in connection with a sea piracy incident 16 years ago has urged Cypriot authorities not to extradite him to the Russian Federation, media reported on Thursday. The bizarre case concerns Alexei Kratzgor, who arrived in Cyprus in October this year aboard an Israeli cruise liner. He […]

Politics

14 h. ago Palmas denies reports of plans with Israel for ‘rapid reaction force’

Defence Minister Vasilis Palmas on Thursday denied reports that the governments of Cyprus, Israel, and Greece are planning to combine to create a military “rapid reaction force” to counter Turkish forces in the eastern Mediterranean. “I am telling you that these issues which have such a high level of decisions are made by the political […]

Politics

15 h. ago Cyprus salaries climb, but median pay tells a different story

Cypriots top EU workers in average earnings Cypriot citizens earned more on average than EU nationals working on the island during 2022, according to an earning report released on Thursday by the state statistical service (Cystat). In addition, the report highlighted persistent salary gaps based on gender, occupation and citizenship. Specifically, the mean hourly earnings […]

Economics

17 h. ago Lordos Hotels reports €3.5m profit for 2024, expects improvement in 2025

Lordos Hotels expects an improvement in its financial performance in 2025 compared with the previous year, according to the Cyprus stock exchange (CSE) announcement on Thursday. The group reported profit attributable to shareholders of €3.5 million in 2024, down from €3.9 million a year earlier. However, results strengthened in the first half of 2025, with […]

Politics

20 h. ago Trump’s ‘Presidential Walk of Fame’ calls Biden ‘Worst President,’ replaces portrait with Autopen

The White House has installed new plaques beneath photos of former leaders on President Donald Trump’s “Presidential Walk of Fame” at the White House that sharply criticize his Democratic predecessors. The plaques are a striking addition because both Republicans and Democrats have traditionally viewed the historic building as a symbol of national unity. Trump, however, […]

Politics

21 h. ago Trump boasts of gains, faults predecessors as inflation and voter skepticism persist

In a rare evening address from the White House, U.S. President Donald Trump boasted on Wednesday of his accomplishments and blamed his Democratic predecessor for soaring consumer prices as his party braces for a tough midterm election next year. “Eleven months ago, I inherited a mess, and I’m fixing it,” Trump said in a speech […]

Politics

22 h. ago Cyprus housing crisis puts young borrowers under growing strain

The Cyprus Borrower Protection Association (Syprodat) this week announced that a new European Commission initiative on affordable housing highlights the urgent need for substantive housing policies in Cyprus. Syprodat explained that young people and first-time borrowers are struggling to access home ownership amid rising prices, rents and tighter lending conditions. The association said the European […]

Events

22 h. ago Cyprus Business Now: banks, tourism, housing, shipping, fast

The Bank of Cyprus (BoC) has signed a strategic partnership with Avenga for the co-development of a new digital platform leveraging Agentic AI and the full suite of Microsoft Azure AI services, marking a further step in the bank’s long-term digital transformation journey. The initiative forms part of the bank’s multi-year cloud strategy, developed in […]

Economics

30 h. ago Cyprus House of Representatives approves 2026 state budget with 37 votes

Cyprus House of Representatives approves 2026 state budget with 37 votes  Parikiaki

Politics

37 h. ago Trump to sign order easing restrictions on marijuana, reports say

U.S. President Donald Trump is expected to sign an executive order on Thursday reclassifying marijuana to ease federal restrictions, according to CNN, which cited a source familiar with the planning and a senior White House official. The official added that the timing could shift, CNN reported late on Tuesday. NBC, citing four people with direct […]

Politics

38 h. ago North ‘PM’ Ustel’s undersecretary now accused of money laundering

Turkish Cypriot ‘prime minister’ Unal Ustel’s undersecretary Huseyin Cahitoglu was on Wednesday accused of money laundering during his third appearance in court after being arrested on suspicion of bribery earlier this month. The accusation of money laundering is added onto the accusations of bribery, extortion, abuse of office and illegal possession of firearms, among others. […]

Sport

40 h. ago EU Commission’s Turkey Report: Resumption Of Cyprus Talks Would Strengthen Cooperation

EU Commission’s Turkey Report: Resumption Of Cyprus Talks Would Strengthen Cooperation  Kıbrıs Postası

Events

40 h. ago Trilateral meeting signals Cyprus’ deepening security ties with Israel

Senior air force commanders from Greece, Israel and Cyprus held a confidential meeting in Nicosia on Wednesday, reportedly regarding further security cooperation. According to Israel’s KAN News, Israeli air force chief, Major General Tomer Bar, met with senior officers of the Greek and Cypriot air forces to discuss operational coordination. The talks primarily focused on […]

Politics

41 h. ago Cyprus may contribute 500 soldiers to joint Mediterranean force alongside Greece, Israel, Greek media report

Cyprus may contribute 500 soldiers to joint Mediterranean force alongside Greece, Israel, Greek media report  Philenews

Politics

42 h. ago Στο κελί για 13 χρόνια 35χρονος για 24 κιλά κάνναβης. Είπε ότι τα μετέφερε για διαγραφή χρέους

CYPRUSTIMES

Politics

43 h. ago Skroutz Black Friday Report 2025: turnover near double that of last year

Skroutz, the most popular Greek marketplace in Cyprus, presents the Black Friday 2025 Report, a review of this year’s consumer purchasing activity and the product categories that stood out during the offer period. Increased orders and a rise in the average order value are the key characteristics of Black Friday week, with the total number […]

Politics

44 h. ago Columbia Beach Wonderland: come experience Christmas by the shore

Columbia Beach announces the launch of Columbia Beach Wonderland, a festive experience taking place from December 19, 2025 to January 1, 2026. The beachfront garden will be transformed into an elegant Christmas destination for all ages, created in support of the “One Dream One Wish” Association. The venue will feature beautifully crafted wooden festive houses, […]

Politics