Cypriot employees will receive their first salaries under the country’s tax overhaul this month, as Parliament prepares bills to clarify…
State explores UAE state firm deal to fast-track stalled Vasilikos gas terminal
The government has renewed efforts to find a legislative route that would allow it to bypass a time-consuming tender process…
Cyprus interest rates edge closer to 2015 levels as ECB signals pause on cuts
Cyprus’s interest rates are gradually approaching levels last seen a decade ago, though significant gaps remain in some lending categories,…
Buyer snaps up Cyprus land for €21 in record low e-auction sale
A buyer acquired a plot of land via Cyprus’s electronic auction platform for just €21 in what sounds like a…
Claims Cypriot land is sold off to non-EU nationals overstated, analysis finds
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…