A historic collapse in precious metals has wiped $7.4 trillion off global market values, sending shockwaves through investor portfolios and…
EAC to invest €180 million to overhaul Dhekelia power station
The Electricity Authority of Cyprus (EAC) is moving forward with a massive €180 million investment to modernise the Dhekelia power…
EU battle over passenger rights as Parliament blocks airline-friendly proposals
The EU Council and European Parliament are on a collision course over air passenger rights, with the two institutions adopting…
Cyprus casino revenues climb 20% despite missing investment targets
Revenues from legal casinos in Cyprus rose by 20% over the last year, even as the operator’s massive investment in…
Larnaca leaders demand action on stalled marina and port projects
Larnaca’s mayor and business leaders have pressed Transport Minister Alexis Vafeades for written timetables and faster action on the city’s…
Cypriots deposit over €4 billion in banks despite lowest rates in eurozone
Cypriots put just over €4 billion in bank deposits in 2025, more than the €3.85 billion they managed to save…
Limassol casino-resort fails to meet revenue expectations, report finds
Melco’s €600 million casino-resort investment in Cyprus is failing to deliver expected revenues, with the City of Dreams Mediterranean recording…
Forestry Department pledges overhaul of forest land leasing after damning audit
The Department of Forests has pledged to overhaul regulations governing state forest land leasing after an Audit Office report exposed…
EAC installs 220,000 smart meters as €35m funding secured
The Electricity Authority of Cyprus (EAC) has installed over 220,000 smart meters since launching its rollout in January 2025, placing…
Ayia Napa hotels pay frozen rents as state loses revenue during tourism boom, audit report finds
The state is losing revenue from five hotels built on forest land in Ayia Napa that continue paying rents frozen…