13 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

23 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

42 h. ago Green party denounces ‘violent removal’ of trees in Kokkinotrimithia

The Green party denounced the “violent removal” of trees in Kokkinotrimithia on Thursday, asking for the “immediate suspension” of any work involving their felling and calling for more transparency. The party was quick to point out the irony of the trees being cut as part of the work to create a linear park along the […]

Politics

44 h. ago Sklavenitis sets a new standard for employee benefits in Cyprus

In a remarkable move that redefines employee support within the retail sector, supermarket chain Sklavenitis has introduced the 14th salary to its entire workforce in Cyprus, including employees from the recently acquired Papantoniou stores. This initiative makes Sklavenitis the only supermarket chain on the island to offer this valuable financial benefit to all of its […]

Politics

45 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

46 h. ago Algorithmic trading risky without oversight, warns CSE official

Artificial intelligence (AI) is rapidly transforming financial markets by bringing “speed and innovation” to the sector, according to Eliza Stasopoulou, senior officer at the Cyprus Stock Exchange. However, Stasopoulou also cautioned that its successful use depends on having “strong regulations, ethical safeguards, and human oversight” to ensure technology serves the public good. She underlined that […]

Events

46 h. ago Russia’s attack on Kyiv kills two as US resumes arms deliveries to Ukraine

Russian drones and missiles bore down on the Ukrainian capital of Kyiv early on Thursday, with officials reporting two deaths, 13 injured and fires in apartment and non-residential buildings as Washington resumed weapons delivery tothe war-torn country. It was also the latest in Russia’s escalating attacks with hundreds of drones and missiles straining Ukrainian air […]

Events

51 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

65 h. ago Aykut’s trial postponed pending examination of detention conditions

A request was submitted on Wednesday at the Nicosia criminal court to change the conditions in which Israeli property developer Simon Aykut, accused of developing and selling property on Greek Cypriot land in the north, is being held, after which the defendant’s health would be finally examined. Defence attorney Christos Triantafyllides told the court that […]

Politics

65 h. 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

66 h. ago Russia attacks Ukraine with 700 drones after Trump vows to send more weapons

Russia targeted Ukraine with a record 728 drones overnight, shortly after U.S. President Donald Trump pledged to send more defensive weapons to Kyiv and aimed unusually direct criticism at Russian President Vladimir Putin. Ukrainian air defence units destroyed almost all the drones, including through electronic jamming systems, Ukraine’s air force said on the Telegram messaging […]

Events

3 d. ago Ukraine urges investigation into alleged Russian chemical weapons use

Ukraine asked the global chemical weapons watchdog in The Hague on Tuesday to investigate the alleged use of banned toxic munitions by Russia against its forces. A request to establish an investigation was submitted by Kyiv to the governing body of the organisation for the Prohibition of Chemical Weapons (OPCW). It followed Dutch and German […]

Events

3 d. ago Cyprus considers electricity bill surcharge to fund €25 million energy project payment

Cyprus considers electricity bill surcharge to fund €25 million energy project payment  Kathimerini.com.cy

Economics

3 d. ago Validity of land registry records questioned at Aykut hearing

The validity of records of property ownership in northern Cyprus prior to 1974 in the hands of the land registry was called into question during Tuesday’s hearing of the trial of Israeli property developer Simon Aykut, accused of developing and selling €43 million worth of property on Greek Cypriot land in the north. Defence lawyer […]

Sport

3 d. ago Army service a ‘special honour’ minister tells new conscripts

Serving in the national guard is a “special honour”, Defence Minister Vassilis Palmas told new conscripts on Tuesday as he visited the Sergeant Lazaros Georgiou camp in Larnaca where teens were reporting for duty. The minister expressed satisfaction with the “truly impeccable process” of assigning the new recruits a position.” The enlistment process began on […]

Politics

3 d. ago Cyprus shipping giants announce ₹10,000 crore investment, marking largest FDI in Indian maritime sector

Cyprus shipping giants announce ₹10,000 crore investment, marking largest FDI in Indian maritime sector  ET Infra

Politics

3 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

3 d. ago Cyprus industrial sector value added rises 11.3 per cent in 2023

Employment in Cyprus’ industrial sector rose by 1.2 per cent in 2023, reaching 42,600 people compared to 42,100 in 2022, according to official figures published in the Survey on Industrial Production 2023. The largest share of industrial employment was in manufacturing, which accounted for 37,400 jobs. Mining and quarrying employed 600 people, electricity supply 2,400, […]

Politics

4 d. ago Cobolli brings flair to Wimbledon as Italian surge gathers steam

Flavio Cobolli marched into the Wimbledon quarter-finals on Monday, leading a dashing Italian advance by snuffing out the once-lethal Marin Cilic in a statement win that lit up a sunny but breezy Court Two. Wielding his bright orange racket like a fluorescent sabre, the 23-year-old carved through the Croatian’s defences to win 6-4 6-4 6-7(4) […]

Sport

4 d. ago Sacked Russian transport minister found dead in his car with gunshot wound

Russia’s sacked transport minister has been found dead in his car outside Moscow with a gunshot wound and the principal hypothesis is that he took his own life, state investigators said on Monday, hours after President Vladimir Putin fired him. A presidential decree published earlier on Monday gave no reason for the dismissal of Roman […]

Politics