3 h. ago Cyprus Business Now: Paphos tourism, Finance Minister, building permits, PwC

President of the hoteliers association (Pasyxe) Thanos Michaelides on Friday said that Paphos has significant potential to boost visitor numbers. In addition, he also said that the district can attract higher-income tourists who are likely to spend more during their stay, supporting the district’s wider tourism economy. Speaking to the Cyprus News Agency (CNA), Michaelides […]

Politics

13 h. ago EU awaits Trump letter as markets digest latest tariff salvo

The European Union braced on Friday for a possible letter from U.S. President Donald Trump outlining planned duties on the United States’ largest trade and investment partner after a broadening of his tariff war in recent days. The EU initially hoped to strike a comprehensive trade agreement, including zero-for-zero tariffs on industrial goods, but months […]

Politics

15 h. ago Panayiotou: Green transition must be fair, realistic, and inclusive

As part of a two-day visit, Agriculture and Environment Minister Maria Panayiotou on Friday attended the final meeting of the EU’s environment council in Aalborg, Denmark, where key issues regarding European environmental strategies were discussed. “Cyprus, ahead of its 2026 presidency, is committed to an ambitious and fair green transition,” Panayiotou wrote in a post […]

Politics

18 h. ago State Department starts firing more than 1,350 workers in Trump’s shake

The State Department will start firing more than 1,350 US-based employees on Friday as the administration of President Donald Trump presses ahead with an unprecedented overhaul of its diplomatic corps, a move critics say will undermine US ability to defend and promote US interests abroad. The layoffs will cover 1,107 civil service and 246 foreign […]

Politics

21 h. ago EU waits on Trump letter as markets digest latest tariff salvo

The European Union braced on Friday to receive a letter from US President Donald Trump, outlining planned duties on his largest trade and investment partner after a broadening of his tariff war in recent days. The EU initially hoped to strike a comprehensive trade agreement, including zero-for-zero tariffs on industrial goods, but months of difficult […]

Politics

26 h. ago Christodoulides calls for ‘promise not to repeat such mistakes’ on Mari explosion anniversary

President Nikos Christodoulides on Friday called for a “promise not to repeat such mistakes” as he attended a service to mark the 14th anniversary of the Mari explosion. The Mari explosion, which occurred shortly before 6am on July 11, 2011, saw a large amount of ammunition and military-grade explosives stored at the Evangelos Florakis naval […]

Events

28 h. ago Trump escalates trade war with Canada, EU and allies on edge

President Donald Trumpramped up his tariff assault on Canada on Thursday, saying the U.S. would impose a 35% tariff on imports next month and planned to impose blanket tariffs of 15% or 20% on most other trading partners. In a letter released on his social media platform, Trump told Canadian Prime Minister Mark Carney the […]

Politics

28 h. ago Netanyahu ‘convinced Anastasiades to collapse Crans Montana talks’

Israeli Prime Minister Benjamin Netanyahu convinced then president Nicos Anastasiades to collapse Cyprus problem negotiations at Crans Montana in 2017, former Turkish Cypriot leader Mehmet Ali Talat said. The talks at Crans Montana, a small town in southeastern Switzerland, were the most recent formal negotiations to be held with the aim of solving the Cyprus […]

Politics

29 h. ago Wall Street braces for Q2 earnings hit from Trump’s trade war

US companies are getting ready to open their books on the second quarter, with investors looking for signs of an impact from President Donald Trump’s trade war launched on April 2. While earnings growth is expected to decelerate from the first three months of the year, a sharp decline in the dollar could help to […]

Events

33 h. ago C.Savva Cyprus LTD Enhances Advisory Services for International Crypto Investors Seeking Tax Efficiency in Cyprus

C.Savva Cyprus LTD Enhances Advisory Services for International Crypto Investors Seeking Tax Efficiency in Cyprus  USA Today

Economics

43 h. ago Christodoulides meets Turkish Cypriots ahead of Cyprus talks

President Nikos Christodoulides on Thursday met a selection of Turkish Cypriots at the presidential palace to “exchange views” ahead of next week’s enlarged meeting on the Cyprus problem, which is set to take place in New York. The group included the leaders of minor Turkish Cypriot political parties, the YKP’s Murat Kanatli and the BKP’s Izzet Izcan, […]

Politics

44 h. ago US’s Rubio makes first Asia visit amid unease over Trump tariffs

US Secretary of State Marco Rubio met counterparts in Southeast Asia on Thursday during his first visit to Asia since taking office, reassuring them it is a priority for Washington despite President Donald Trump‘s tariff offensive. Washington’s top diplomat joined foreign ministers of the ten-member Association of Southeast Asian Nations in Kuala Lumpur at a […]

Politics

44 h. ago Expanded Cyprus problem meeting to assess progress since Geneva

Next week’s expanded informal meeting between President Nikos Christodoulides and Turkish Cypriot leader Ersin Tatar is expected to set the tone for further negotiations and assess the progress made since the Geneva meeting in March, sources told the Cyprus News Agency (CNA) on Thursday. As part of preparations for the July 16–17 meeting, United Nations […]

Politics

45 h. ago Conference commits over €10 billion to Ukraine rebuilding, Italy says

Participants in a Rome conference on the economic recovery of Ukraine have pledged over €10 billion ($11.7 billion) to help the war-torn country, Italian Prime Minister Giorgia Meloni said on Thursday. The conference, attended by political leaders including Ukraine’s President Volodymyr Zelenskiy, is taking place against a backdrop of further intense drone and missile attacks […]

Politics

47 h. ago Journalists’ union calls for support for Turkish Cypriot journalist

The Cyprus journalists’ union (ESK) urged the government on Thursday to support Turkish Cypriot journalist Sener Levent and denounce Turkey for imposing a prison sentence on him. “ESK has consistently supported and continues to support all of Sener Levent’s struggles for freedom of expression and against the occupation. Levent’s struggle is anti-occupation,” ESK-president Giorgos Frangos […]

Politics

49 h. ago Cyprus deputy shipping minister visits UK to boost IMO council bid

Deputy Shipping Minister Marina Hadjimanolis,paid a working visit to London this week, aiming to strengthen bilateral ties with the United Kingdom. The trip also sought to promote Cyprus’ bid for re-election to the council of the International Maritime Organisation (IMO) for 2026-2027 in November. According to the announcement, the visit was marked by a bilateral […]

Politics

50 h. ago Muted west, jailed opposition: Erdogan’s crackdown sparks fears for Turkish democracy

Tayyip Erdogan’s main political opponents have faced an unprecedented crackdown that has seen more than 500 detained in just nine months, according to a Reuters review of a sprawling investigation that has accelerated dramatically in recent days. Turkey’s president says the probe tackles what he calls a corrupt network that is like “an octopus whose […]

Events

50 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

52 h. ago Trump unleashes 50% tariffs on copper, Brazil in explosive trade salvo

U.S. President Donald Trump launched his global tariff assault into overdrive on Wednesday, announcing a new 50% tariff on U.S. copper imports and a 50% duty on goods from Brazil, both to start on August 1. “I am announcing a 50% TARIFF on Copper, effective August 1, 2025, after receiving a robust NATIONAL SECURITY ASSESSMENT,” […]

Politics

57 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