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…
Cyprus lending outpaces GDP expansion as credit growth accelerates
Cyprus banks pushed credit expansion to 10.5% in November, a reversal from the 0.2% contraction recorded two years earlier, as…
Cyprus already imports animal feed, rice and coffee from Mercosur countries, data shows
Cyprus imported €83.3m from Mercosur countries in 2024, with official data showing South America has supplied the island for years…
Cyprus positions itself as gateway for Bahraini energy firms seeking to access EU market
Cyprus is targeting energy cooperation and Gulf investment through closer ties with Bahrain, citing expertise from Saudi Arabia and Gulf…