31 h. ago Cyprus Business Now: BoC rates, hoteliers association, employment, Vassiliko

The Bank of Cyprus on Friday announced a fresh reduction in its reference interest rate for loans linked to the European Central Bank’s (ECB) base rate, in direct response to the ECB’s latest monetary easing. The bank will lower its rate from 2.40 per cent to 2.15 per cent, with the change taking effect from […]

Politics

36 h. ago Our View: Government split on public sector pay could be costly

The European Commission sounded a warning about state expenditure for this year as it was forecasted to grow by more than the government stipulated it would. The government’s commitment to the EU was for the growth of spending to reach 6 per cent in 2025 but according to the Commission’s six-monthly report this will reach […]

Politics

42 h. ago Famagusta municipality upset at north’s refusal to allow Kataklysmos celebrations

The Famagusta municipality on Friday said it “regretted” the Turkish Cypriot authorities’ decision to not allow Kataklysmos celebrations to take place in the town. “This year’s Kataklysmos celebrations will not take place in Famagusta, despite people’s collective efforts and the support that groups of residents of Famagusta have tried to offer and the support we […]

Politics

56 h. ago Cyprus services and transport turnover increases in first quarter

The turnover value index for services and transport in Cyprus recorded increases during the first quarter of 2025 compared to the same period in 2024. According to the state statistical service, administrative and support service activities rose by 10.6 per cent in turnover value, according to the latest data. Accommodation and food service activities saw […]

Sport

56 h. ago Cyprus Business Now: finance ministry, real estate, tourism, inflation

The Finance Ministry on Thursday expressed satisfaction with the findings of the European Commission included in the 2025 Spring Package for Cyprus. In a statement, the ministry said that the report “clearly confirms the steady progress, resilience, and dynamism of the Cypriot economy“. Moreover, the ministry underlined that these findings are particularly noteworthy given the current […]

Economics

3 d. ago Christodoulides warns of ‘divisive rhetoric’ in Turkish Cypriot election campaign

President Nikos Christodoulides on Thursday warned of “daily divisive rhetoric” on the campaign trail ahead of October’s Turkish Cypriot leadership elections. “We are at the beginning, if you will, in the middle of the election campaign in the occupied territories. What will follow, as we have already seen recently, is daily divisive rhetoric, aimed at […]

Events

3 d. ago Financial regrets shared by Cypriots form backbone of new education campaign

Cypriots are speaking out about their most painful financial mistakes as part of a new campaign launched on Thursday by the Cyprus Securities and Exchange Commission (CySEC) and the department of accounting and finance at the University of Cyprus (UCy). From rushed decisions made under emotional stress to falling for dubious schemes promising quick profit, […]

Politics

3 d. ago Tatar vows to not ‘remain silent’ over ‘hostile’ property arrests

Turkish Cypriot leader Ersin Tatar on Thursday said that it is “out of the question for me to remain silent” amid the arrests being made by the Republic of Cyprus of people accused of selling Greek Cypriot-owned property in the north. In a statement released in light of a meeting he had held with the leaders […]

Events

4 d. ago June hotel occupancy in Cyprus forecast to reach 80 per cent

Hotel occupancy in Cyprus was slightly down in May, compared to the same month last year, according to the president of the Cyprus Hoteliers Association (Pasyxe) Thanos Michaelides. However, overall figures for the first half of 2025 are expected to surpass those of 2024, as bookings continue to gain pace heading into the summer. Speaking […]

Events

4 d. ago Jumbo Cyprus sales up 8 per cent in first five months of 2025

Greek retail group Jumbo reported a strong rise in store sales across Cyprus and Greece in May 2025, reflecting a gradual rebound after a slower start to the year due to Easter falling much earlier than in 2024. Sales at Jumbo’s Cyprus stores increased by 14.5 per cent in May compared to the same month […]

Politics

4 d. ago Eurozone inflation eases below ECB target, supporting rate cut bets

Eurozone inflation eased below the European Central Bank’s target last month on surprisingly benign services costs, underpinning expectations for further policy easing even as global trade tensions fuel longer-term price pressures. Consumer price inflation in the 20 countries sharing the euro slowed to 1.9 per cent in May from 2.2 per cent a month earlier, […]

Events

5 d. ago EAC proposes 3 per cent tariff hike after presidential intervention

The electricity authority (EAC) is to propose a 3 per cent increase in the price of electricity paid by consumers, its chairman George Petrou said on Tuesday. The plan comes after the EAC had initially requested from the Cyprus energy regulatory authority (Cera) that consumer tariffs be raised by 7.5 per cent, with President Nikos […]

Politics

5 d. ago Cyprus records 4.3 per cent surplus as IMF warns of overheating

Cyprus records 4.3 per cent surplus as IMF warns of overheating  Cyprus Mail

Events

5 d. ago OECD cuts global growth forecast as trade tensions take heavier toll

Global economic growth is slowing more than expected only a few months ago as the fallout from the Trump administration’s trade war takes a bigger toll on the US economy, the OECD said on Tuesday, revising down its outlook. The global economy is on course to slow from 3.3 per cent last year to 2.9 […]

Politics

5 d. ago Turkish inflation falls to 35.4 per cent in May, below forecast

Turkish annual inflation dipped to 35.41 per cent in May, official data showed on Tuesday, below a Reuters poll forecast and less than half the level of more than 75 per cent that it reached a year earlier. Month-on-month, consumer price inflation was 1.53 per cent, the Turkish Statistical Institute said, also below forecasts. In […]

Politics

5 d. ago Turkish foreign minister meets UN chief's personal envoy on Cyprus

Turkish foreign minister meets UN chief's personal envoy on Cyprus  Yeni Şafak

Politics

5 d. ago Survey finds 76 per cent of Cypriots shop online, hitting all

Seventy six per cent of Cypriots shop online now, surpassing the previous high of 70 per cent in 2021, according to a survey released Monday.   The frequency with which consumers make online purchases also increased, with the average number of purchases per month being 2.0 in 2025, 1.6 for 2023, and 1.2 for 2022. […]

Events

6 d. ago Celestyal opens Summer 2025 with 60% savings across 87 sailings

Celestyal has marked the start of its summer season with a promotion featuring up to 60-per cent savings across 87 sailings departing from June 2025 to March 2027. Applicable sailings in the Arabian Gulf include 19 departures of the seven-night ‘Desert Days’ itinerary, sailing roundtrip from either Dubai or Doha, and 13 departures of the […]

Politics

6 d. ago Turkish Cypriots ‘anxious, intimidated, threatened’ by property arrests

Turkish Cypriots have been rendered “anxious, intimidated, and threatened” by the flurry of arrests made by the Republic of Cyprus of people accused of selling Greek Cypriot-owned property in the north, Turkish Cypriot opposition political party the CTP’s foreign relations secretary Fikri Toros said. “These feelings are reviving previous traumas experienced between 1963 and 1974,” […]

Events

7 d. ago Our View: Teaching unions must not dictate state education policy

The ludicrous ‘referendum’, held by the secondary teachers union Oelmek, overwhelmingly rejected the bill that would introduce a new system of evaluation of the work of each teacher. A total of 5,286 teachers (92 per cent) voted against the bill, which the leadership of the union had rejected weeks ago, because it did not like […]

Events