Claims that foreign buyers are dominating Cyprus’s property market may be overstated, with non-EU nationals accounting for just over a…
Cyprus banks slash bad loans by 21% as southern Europe outperforms north
Cyprus banks have cut bad loans by 21% whilst major northern European economies saw increases, marking a dramatic reversal in…
Cyprus leaves high interest rate bonds behind as investor confidence hits new high
Cyprus hit a historic milestone in its borrowing costs on Wednesday, securing a €1 billion 10-year bond with a spread…
Property transfer values surge past €4.7bn as Cyprus market attracts high-value deals
Cyprus’s property market proved its resilience in 2025, shrugging off international turbulence to record a 15% jump in sales contracts…
Cyprus’ Block 10 gas reserves estimated at 6-9 trillion cubic feet, says ExxonMobil
Cyprus’ gas reserves in Block 10 of its Exclusive Economic Zone (EEZ) are estimated at 6-9 trillion cubic feet, according…
Power supply restored in Nicosia, EAC urges residents to limit usage
Power outages affected several areas of Nicosia on Friday due to a technical fault in the Electricity Authority of Cyprus…
Cyprus seeks OECD expertise to fix affordable housing problem
A delegation from the Organisation for Economic Co-operation and Development (OECD) concluded a three-day mission to Cyprus on Friday, aimed…
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…
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…