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Author: cyprustoday

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What changes for businesses after tax reform

Cyprus’s tax reform, which took effect on 1 January, raises the corporate tax rate from 12.5% to 15% whilst slashing…

Thousands left without electricity as grid fault disrupts Nicosia

A significant fault in the electricity transmission system has left multiple districts across Nicosia without power since shortly after 13:00…

Cyprus says Trump peace council invitation proves elevated status despite criticism

Cyprus has defended its handling of an invitation to Donald Trump’s peace council initiative, with the foreign minister arguing that…

Two private bids to build Cyprus prison land on minister’s desk

Two proposals from private intermediaries for constructing new Central Prisons have reached Justice Minister Costas Fytiris’s desk before he formally…

Cloudy Friday with afternoon showers and stormy Saturday ahead

Friday’s weather will be mainly cloudy with isolated rain, particularly in the afternoon, in western, southwestern and mountainous areas. Winds…

Which countries bought Cyprus’s €16bn record-breaking 10-year bond?

International investors accounted for 80% of orders for Cyprus’s €1 billion 10-year benchmark bond issued on Wednesday, according to the…

Cyprus records €653.6 million surplus as public spending surge narrows fiscal lead

The Republic of Cyprus achieved a General Government surplus of €653.6 million during the third quarter of 2025, according to…

Businessman among 10 held after Larnaca police raid targets organised crime

Police in Larnaca arrested a prominent businessman and nine others as part of an investigation into Saturday’s shooting and brawl…

Syrian prisoners in Cyprus boycott meals over delayed presidential pardon releases

Syrian prisoners held at Central Prison staged a meal boycott on Wednesday over delays in their early release under presidential…

Man, 63, dies in Limassol crash as police examine medical cause

A 63-year-old man died on Thursday afternoon after the car he was driving collided with a pickup truck on Vasileos…

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