KEDIPES (The Cyprus Asset Management Company Ltd) presented financial results last Tuesday showing an unexpected social trend: adult children are…
Cyprus lending hits €4.85bn as low rates fuel borrowing surge
Net new lending in Cyprus reached €4.85 billion in 2025, the highest on record, as lower interest rates drove households…
Cyprus and Israel to sign Aphrodite gas field deal in 2026, president says
Cyprus expects to sign an agreement with Israel in 2026 for the development and exploitation of the Aphrodite gas field,…
President announces Cyprus ‘supercomputer’ and national ‘AI factory’
Cyprus will launch its first AI Factory in the immediate future and is advancing creation of a national supercomputer in…
Parliament moves to block foreigners buying Cyprus land through local companies after Ukraine war
Cyprus is moving to close legal loopholes that let foreigners buy property through local companies without government approval, after the…
Ayia Napa to hike fees for sunbeds, umbrellas in first price rise in decades
The Municipality of Ayia Napa is set to increase the cost of beach services for the first time in two…
Cyprus housing loan rates hit two-year low as eurozone gap narrows to 0.23%
Cyprus housing loan rates dropped to their lowest level in two years in December, narrowing the gap with the eurozone…
State extends reduced electricity VAT until March 2027
Cyprus has extended reduced VAT on household electricity until 31 March 2027 after the government found supply prices have not…
EAC rolls out smart meters across all districts throughout February
The Electricity Authority of Cyprus has announced that its mass smart meter installation programme continues throughout February across all districts.…
UCY construction projects delayed by six years as costs surge €15.2m
The Auditor General found multi-month delays that not only increased initial estimated costs but caused other problems in three major…