The government and unions are heading into detailed negotiations over Cyprus’s pension reform, with sharp disagreements emerging over how much…
Clean Monday bookings set to fill hotels as Cyprus tourism kicks off 2026 on strong footing
January arrival figures due to be released today by the Statistical Service are expected to confirm a strong start to…
Non-performing loans now worse than in 2013 crisis, central bank data reveals
Credit acquisition companies bought 141,478 Cypriot loans at €3.2 billion — a 20% discount on their face value. They have…
Crunch time for Larnaca port and marina as minister presents Growthfund study
A study by the Greek Growthfund recommending separate development of Larnaca’s port and marina is heading for a direct clash…
Card fraud cost nearly €4 million in six months as cross-border scams surge
Card fraud in Cyprus cost nearly €4 million in the first six months of 2025 — a 66% jump in…
Chevron-led consortium signs contracts for gas exploration off Greece
A consortium led by U.S. oil major Chevron signed exclusive lease agreements on Monday to look for natural gas off…
President wants to see results from defence industry, targets double-digit GDP share
President Nikos Christodoulides told Cyprus’s defence industry leaders he wants to see concrete results from their first year of operations,…
Limassol leads €2.5 billion property market with €15.2 million record sale
Apartments absorbed eight in ten new home sales in Cyprus in 2025, driving the market to a total value of…
Cyprus secures 27 credit upgrades since March 2023 as rating agencies reward fiscal gains
Economists view international credit rating assessments as the first test for any new president and government, measuring economic progress and…
EU leaders back bypassing national vetoes as “enhanced cooperation” gains ground
EU leaders are moving towards more frequent use of “enhanced cooperation” to bypass national vetoes and speed up critical decisions,…