5 d. ago UK lenders report surprise rise in mortgages in May, consumer lending cools

The number of mortgages approved by British lenders for house purchases unexpectedly jumped in May, according to Bank of England data that suggested the housing market recovered quickly from the end of a tax break for homebuyers in April. Mortgage approvals rose to 63,032 in May from 60,656 the month before, and confounding the median […]

Politics

8 d. ago Cyprus house prices continue to rise in first quarter of 2025

The general house price index in Cyprus, which includes both houses and apartments, continued its upward trajectory on an annual basis during the first quarter of 2025, according to data published by the Central Bank of Cyprus (CBC). The increase came amid a slowdown in apartment price growth and a faster pace of increase in […]

Politics

9 d. ago Cyprus Business Now: tourism, banks, maritime, real estate, technology

Tourism revenue in Cyprus experienced a significant rise in April 2025, reaching €304.2 million according to the latest results from the passengers survey conducted by the state statistical service. This represents a 39.9 per cent increase compared to April 2024, when revenue stood at €217.4 million. The stastitistical service also reported that tourists from Lebanon, […]

Economics

2 w. ago With defence spending set to rise, Trump reassures NATO allies

NATO leaders were set to sign up on Wednesday to a big increase in defence spending at a short summit tailor-made for U.S. President Donald Trump, who struck a reassuring tone on his commitment to protecting fellow members of the alliance. The summit is expected to endorse a higher defence spending goal of 5% of […]

Politics

3 w. ago Cyprus’ petrol prices begin to rise amid Middle East conflict

Petrol prices in Cyprus have begun to rise as a result of the ongoing conflict between Iran and Israel, with petrol station owners’ association chairman Savvas Prokopiou on Thursday saying two importing companies had raised their wholesale prices the previous day. Speaking to the Cyprus News Agency, he added that he expects Cyprus’ remaining fuel […]

Events

3 w. ago Airbus seals VietJet deal as hopes rise at air show for end to tariffs

Airbus (AIR.PA) struck a deal with budget airline VietJet (VJC.HM) for up to 150 single-aisle jets at the Paris Airshow on Tuesday, where industry hopes of a return to tariff-free trade were given a boost by US Transport Secretary Sean Duffy. Duffy said he wanted civil aviation to return to a 1979 zero-tariff trade agreement, […]

Politics

3 w. ago Public employment, job vacancies and labour costs all rise in early 2025

Employment in the broad public sector in Cyprus reached 77,034 in the first quarter of 2025, according to a report released on Monday by the Cyprus Statistical Service (Cystat). Of this total, 72,072 were employed in general government and 4,962 in companies and enterprises controlled by the government. Within the general government, which includes central […]

Politics

4 w. ago Cyprus wholesale trade and vehicle services grow in first quarter

The value of wholesale trade and motor vehicle-related activities in Cyprus continued to rise in the first quarter of 2025, according to data released on Friday by the state statistical service. The turnover value index for wholesale trade, except of motor vehicles, recorded an annual increase of 4.8 per cent compared to the same period […]

Politics