6 h. ago Asking prices for UK homes have smallest spring rise since 2016

Asking prices for homes put up for sale in Britain have risen by the least for the late spring period since 2016, according to data published this week that added to signs of a slowdown in the country’s housing market after a tax break ended in April. The average price for houses and apartments advertised […]

Sport

20 h. ago Oil slides on Trump tariff threats and OPEC+ supply expectations

Oil prices dropped by 1 per cent on Friday and were set for their first weekly decline in three weeks as US President Donald Trump recommended a 50 per cent tariff on the European Union and expectations rose that OPEC+ will increase crude output further in July. Brent crude futures fell 64 cents, or 1 […]

Politics

27 h. ago Cyprus and Finland explore ties in maritime tech and shipping

The Cyprus Chamber of Commerce and Industry (Keve) on Friday announced that it organised a business mission to Helsinki earlier this week, held in conjunction with the official visit of president Nikos Christodoulides to Finland. According to the announcement, the aim of the mission was to “enhance economic relations between Cyprus and Finland“. During the […]

Politics

27 h. ago Cyprus eyes deeper Qatari investment ties with new proposals in Doha

Cyprus is courting Qatari investors with a push to expand cooperation in real estate, tech and financial services, as part of efforts to bolster bilateral ties and attract strategic capital into the island’s economy. During an official visit to Doha, Energy Minister George Papanastasiou met with Rashid bin Hamad Al-Athba, Second Vice President of the […]

Politics

30 h. ago Online event explores AI’s role in business and everyday use

The Cyprus Chamber of Commerce and Industry (Keve) on Thursday announced that the Enterprise Europe Network of Warsaw, in collaboration with the Digital Economy Lab of the University of Warsaw, is organising a virtual event on AI. Specifically, the event, scheduled to take place entirely online from June 9 to June 13, is dedicated to […]

Politics

39 h. ago G7 seeks to cut ‘excessive imbalances’ in global economy, may impose more Russia sanctions

Finance ministers and central bank governors from the Group of Seven democracies pledged on Thursday to address “excessive imbalances” in the global economy and said they could increase sanctions on Russia. The finance ministers and central bank governors, who met in the Canadian Rocky Mountains, said there was a need for a common understanding of […]

Politics

44 h. ago CBC governor outlines strategies for economic resilience and growth

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Thursday used his address at the 4th ICPAC Mediterranean Finance Summit to underline the importance of resilience in the face of global economic uncertainties. At the event, Patsalides highlighted the necessity for strategic reforms and robust regulatory frameworks to ensure financial stability and sustainable growth. “We […]

Economics

45 h. ago Oil prices fall more than 1 per cent on potential further increase to OPEC+ output

Oil prices dropped by more than 1 per cent on Thursday after a report that OPEC+ is discussing a production increase for July, stoking concerns that global supply could exceed demand growth. Brent futures lost $1.08, or 1.7 per cent, to $63.83 a barrel by 1134 GMT. US West Texas Intermediate crude was down $1.02, […]

Politics

48 h. ago Cyprus estate agents threaten action over legal contract bill

The Cyprus Real Estate Agents Registration Council has issued a call to its members to be prepared for mobilisations, following a meeting of the House legal affairs committee on Tuesday. The session involved a discussion of a proposed bill by MP Kostis Efstathiou, which would make it mandatory for all property sale contracts in Cyprus […]

Events

3 d. ago Cyprus household saving rate set to rise to 11 per cent in 2025

Household saving rates across the European Union are projected to stabilise in 2025 after recent volatility driven by economic uncertainty, according to the European Commission’s Spring 2025 Economic Forecast. The forecast highlights varied national trajectories, with countries like Cyprus, Portugal, and the Netherlands expected to see increases, while others, such as the United Kingdom and […]

Politics

3 d. ago Buffer zone contract officers enter race for permanent police posts

Three hundred special police officers, originally hired to patrol the Green Line and prevent illegal crossings through the UN-controlled buffer zone, have reached the end of their contracts. Those wishing to remain in the force are now competing for permanent positions, the justice ministry said on Wednesday. Responding to recent press reports, the ministry clarified […]

Events

3 d. ago EU to review agreement with Israel over Gaza concerns, Kallas says

The European Union will review a pact governing its political and economic ties with Israel due to the “catastrophic” situation in Gaza, EU top diplomat Kaja Kallas said after a meeting of the bloc’s foreign ministers. International pressure on Israel has mounted in recent days amid complaints about the lack of humanitarian aid reaching Gaza […]

Politics

3 d. ago UK economy to grow 1 per cent in 2025; sentiment improves slightly

Britain’s economy will grow a bit faster this year than thought a month ago, a Reuters poll of economists predicted, partly due to unexpectedly strong growth in the first quarter that was not expected to persist. Sentiment has improved following a basic trade deal with the United States, which still leaves a 10 per cent […]

Politics

3 d. ago Cyprus Business Now: economic forecast, women in maritime, Evel, BoC

President Nikos Christodoulides on Tuesday welcomed the European Commission’s latest economic forecast, describing it as a “clear endorsement of Cyprus’ resilience, stability and prudent policymaking”. Speaking during the opening of a cabinet session at the Presidential Palace, Christodoulides said the Spring 2025 Economic Forecast, released by the European Commission on Monday, “is particularly important, even more […]

Economics

3 d. ago ‘Syrian people can be sure that Cyprus will be by their side’

The Syrian people “can be sure that Cyprus will be by their side”, Foreign Minister Constantinos Kombos said on Tuesday as European Union member states gave the green light to the lifting of economic sanctions on the country. “Cyprus’ position has been consistent,” he said, adding that the government has favoured a “more for more […]

Politics

3 d. ago Armenian PM and Cyprus Parliament Speaker discussed development of economic ties

Armenian PM and Cyprus Parliament Speaker discussed development of economic ties  Arka.am

Politics

3 d. ago Berlin, Paris overcome rift over nuclear energy, French official says

The new German government has signalled to France it will no longer object to treating nuclear power on a par with renewable energy in EU legislation, French officials said, confirming a published report. The EU’s two largest economies have long been at loggerheads over whether to promote atomic power to achieve CO2 emissions targets, delaying […]

Events

4 d. ago Cyprus eyes stronger trade ties with Qatar at Doha economic forum

Minister of Energy George Papanastasiou travelled to Doha this week to represent President Nikos Christodoulides at the Qatar Economic Forum, taking place from May 20 to 22. According to a statement from the Ministry of Energy, Papanastasiou met on Tuesday with Qatar’s Minister of Commerce and Industry, Sheikh Faisal Thani Al Thani, on the sidelines […]

Economics

4 d. ago Commission forecast confirms Cyprus’ economic strength, says president

President Nikos Christodoulides on Tuesday welcomed the European Commission’s latest economic forecast, describing it as a “clear endorsement of Cyprus’ resilience, stability and prudent policymaking”. Speaking during the opening of a cabinet session at the Presidential Palace, Christodoulides said the Spring 2025 Economic Forecast, released by the European Commission on Monday, “is particularly important, even […]

Politics

4 d. ago Cyprus economy to grow 3 per cent in 2025, says European Commission

Cyprus’ economy is expected to continue growing at a robust pace in 2025 and 2026, according to the European Commission’s Spring 2025 Economic Forecast released on Monday. Specifically, growth is expected to reach 3 per cent in 2025 and moderate slightly to 2.5 per cent in 2026. The commission explained that this expectation is underpinned […]

Events