2 h. ago North ‘minister’ promises 28,000 new jobs with casino law change

The north’s ‘economy minister’ Olgun Amcaoglu on Thursday evening promised that “at least 28,000 new jobs” will be created as a result of the decision to relax laws relating to the operation of casinos. Speaking to Kibris Postasi TV, he said he expects the ruling coalition to grant permits for 32 new casinos to open. […]

Politics

4 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

4 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

7 h. ago CoLA a ‘blessing’ for workers and will not be scrapped, minister says

The cost-of-living allowance (CoLA) is a “blessing” and will not be scrapped, Labour Minister Yiannis Panayiotou said on Thursday. “CoLA will be expanded so that it continues to operate, and, as previous presidents of the Republic have repeatedly said, it is a blessing for workers,” Panayiotou told Sigma TV. He stressed that the allowance would […]

Politics

21 h. ago Jet2 rolls out new flights to Spain, Cyprus, Turkey and more holiday hotspots

Jet2 rolls out new flights to Spain, Cyprus, Turkey and more holiday hotspots - including two brand new winter routes  GB News

Politics

22 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

28 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

31 h. 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

38 h. ago Cyprus beaches win 66 blue flags for quality and cleanliness

Μinister of Agriculture, Rural Development and Environment, Maria Panayiotou welcomed on Wendesday the awarding of 66 Blue Flags to 64 beaches and two marinas on the island, describing it as an important honor. Delivering a speech at the award ceremony that took place at the famous Fig Tree Bay in the Famagusta district, Panayiotou said that the […]

Politics

40 h. 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

41 h. 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

41 h. ago Pressure mounts on Netanyahu as opposition moves to dissolve parliament

A member of Israel’s right-wing coalition threatened to quit the cabinet on Wednesday and support an opposition motion to dissolve parliament tabled for next week, piling pressure on Israeli Prime Minister Benjamin Netanyahu. Latest opinion polls suggest that Netanyahu’s coalition would lose power if an election was held today, with many voters unhappy over the […]

Politics

41 h. ago How Mutuum Finance (MUTM) is attracting more new wallets than Shiba Inu (SHIB) in its first year

In the rapidly developing DeFi space, one project is quietly outpacing some of the biggest names in crypto when it comes to wallet growth—and it’s not another meme token. Mutuum Finance (MUTM), a decentralized, non-custodial lending protocol, has already registered over 11,600 holders in its early presale stages, an astonishing feat that surpasses what Shiba […]

Politics

42 h. 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

47 h. 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

49 h. ago Cyprus property prices set to drop as supply rises, says president

Cyprus is expected to experience a decline in both rental and property purchase prices in the coming years, President Nikos Christodoulides announced this week. Speaking at a dinner hosted by the Cyprus Property Developers Association in Limassol, the president attributed the anticipated price drop to new housing developments that are set to balance supply and […]

Politics

51 h. ago Bill tabled in UK parliament to allow direct flights to northern Cyprus

A bill has been tabled in the United Kingdom’s parliament with the aim of allowing direct flights between the country and northern Cyprus. The bill, an “early day motion”, was tabled by Sammy Wilson of the DUP, a Northern Irish conservative and pro-British unionist political party, and has been signed by Conservative MP Andrew Rosindell, […]

Politics

52 h. ago South Korea’s new President Lee vows to revive democracy from ‘near demise’

South Korea’s new liberal President Lee Jae-myung pledged on Wednesday to raise the country from the near destruction caused by a martial law attempt and revive an economy besieged by global protectionism that is threatening its very existence. Lee’s decisive victory in Tuesday’s snap election stands to usher in a sea change in Asia’s fourth-largest […]

Politics

52 h. ago RIF announces €7.5m fund for research infrastructure projects

The Research and Innovation Foundation (RIF) this week announced that it has secured an additional €7.5 million in funding for the new “Open Access Research Infrastructures” programme. This initiative, the foundation said, is aimed at strengthening Cyprus’ research capabilities. According to the announcement, the initiative will support the acquisition of cutting-edge, specialised equipment for experiments […]

Politics

63 h. ago Limassol mayor under pressure over potential appearance at Israeli conference

Concerns have been raised over Limassol mayor Yiannis Armeftis’ lack of clarity regarding whether he will participate in a real estate conference organised by the Israeli Nadlan Centre in early June, although unofficial reports suggest he will not attend. “At a time when global attention is focused on Israel’s genocide in Gaza, Mr Armeftis continues […]

Politics