4 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

15 h. ago Radisson Hotel Group Poised for Major Growth in Middle East, Cyprus, and Greece with New Development Leadership and 2030 Growth Goals

Radisson Hotel Group Poised for Major Growth in Middle East, Cyprus, and Greece with New Development Leadership and 2030 Growth Goals  Travel And Tour World

Politics

19 h. ago Oil prices rebound after Trump hints at new Russia sanctions

Oil prices rose by around 1 per cent on Friday as investors weighed a tight prompt market against a potential large surplus this year forecast by the IEA, while US tariffs and possible further sanctions on Russia were also in focus. Brent crude futures were up 76 cents, or 1.11 per cent, at $69.40 a […]

Politics

20 h. ago UK economy shrinks again in May, fuelling fears of stalled recovery

Britain’s economy contracted unexpectedly for a second month running in May, official data showed on Friday, compounding worries at home for finance minister Rachel Reeves as the nation navigates growing global turbulence. Gross domestic product shrank by 0.1 per cent after a 0.3 per cent drop in April, the Office for National Statistics said. Economists […]

Politics

24 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

26 h. ago Cyprus’ digital habits rank among the EU’s strongest in 2024

Cyprus emerged as one of the EU’s most active countries for online cultural engagement in 2024, with 94 per cent of internet users watching TV or videos online.   This placed the island just behind the Netherlands and Finland, which topped the list at 96 per cent each, according to Eurostat revealed this week.   By contrast, […]

Politics

29 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

37 h. ago Louis Hotels Offers Signature Summer Experiences in Greece and Cyprus

Louis Hotels Offers Signature Summer Experiences in Greece and Cyprus  GTP Headlines

Politics

46 h. ago Elie Milky has been promoted Chief Development Officer for Middle East, Cyprus, and Greece at Radisson Hotel Group Dubai

Elie Milky has been promoted Chief Development Officer for Middle East, Cyprus, and Greece at Radisson Hotel Group Dubai  Hospitality Net

Events

49 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

51 h. ago Nvidia becomes world’s first $4 trillion company amid AI boom

Nvidia notched a market capitalization of $4 trillion on Wednesday, making it the first public company in the world to reach the milestone and solidifying its position as one of Wall Street’s most-favored stocks. Shares of the leading chip designer rose as much as 2.5 per cent to an all-time high of $164, benefiting from […]

Politics

51 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

3 d. ago Cyprus trade turnover rises 5.7 per cent to €19.34 billion in 2023

Cyprus’ trade sector recorded positive growth in 2023, according to the state statistical service’s wholesale and retail trade survey, the results of which were released on Wednesday. Turnover and employment both increased during the reporting period, although value added at current prices fell slightly due to declining fuel prices. The report showed that total turnover […]

Politics

3 d. ago AUB Mediterraneo to host public lecture on Intelligent Robotics, AI

The Department of Computer Science at the American University of Beirut – Mediterraneo (AUB Mediterraneo) invites the public to a special lecture and discussion on “Intelligent Robotics and Artificial Intelligence: The Present and the Future” on Friday, July 18 at 7pm at the AUB Mediterraneo Auditorium in Paphos. This public lecture in Greek is for […]

Politics

3 d. 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 North’s population ‘590,000 excluding students and soldiers’

The north’s population is 590,000, excluding foreign students and Turkish soldiers, ‘prime minister’ Unal Ustel said on Tuesday night. Speaking to Diyalog TV, he said the ruling coalition is working to create an “address-based census system” to record the north’s population, with that system said to be “80 per cent complete”. Additionally, he said, “the […]

Events

3 d. ago Cyprus Business Now: airports, property, graduate employability, CySEC

Cyprus is stepping up its air connectivity this summer, with Larnaca and Paphos airports offering an expanded network of destinations across Europe and the Middle East. The move, driven by Hermes Airports in close partnership with airlines and tourism stakeholders, aims to enhance options for residents and support the island’s growing visitor flows. Larnaca Airport […]

Politics

3 d. ago Green awards in Limassol highlight growing environmental culture

Green Key and Green Offices certifications do more than reward good behaviour,” environment commissioner Antonia Theodosiou said on Tuesday during the Green Awards ceremony in Limassol. “They build a strong culture of environmental responsibility,” she added. The ceremony, organised by CYMEPA as the national coordinator of the programmes, recognised 42 hotels, five restaurants, and three […]

Events

4 d. ago Paphos wildfire called a ‘crime’ as ancient olive grove destroyed

Tuesday’s wildfire between the villages of Galataria and Pentalia in Paphos has been described as a “crime” by Cyprus’ top forestry official, who said centuries-old heritage had gone up in flames. Forestry Department director, Savvas Iezekiel, told the Cyprus News Agency that the fire destroyed an ancient olive grove. He said local residents had worked […]

Events

4 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