Bank deposits in Cyprus continue to rise, but new lending is not growing at the same pace, according to Central…
New Tax System Bites into Individual Income Revenues Despite overall €171m Surge
Cyprus tax revenues rose by 5.9% in the first five months of 2026, though a sweeping tax reform introduced on…
Geopolitical crisis hits Cyprus tourism employment as June unemployment rises by 9.9%, data shows
The ongoing geopolitical crisis in our region has dealt a blow to employment. Data reveals that at the end of…
Cyprus Ports Authority presents €415 million master plan to upgrade Larnaca port and marina over 20 years
The Cyprus Ports Authority (ALK) has presented a 20-year roadmap containing €415 million (±50%) in projects to develop Larnaca’s long-delayed…
Cyprus faces losing millions in Recovery Fund grants as MPs challenge rushed business development bank law
Cyprus faces losing between €50 million and €69 million in European Recovery Fund grants unless parliament approves a rushed bill…
Domestic demand drives Cyprus economic growth as Middle East crisis triggers slowdown in mid-2026, Central Bank says
Strong domestic demand remains the primary driver of economic growth in Cyprus for 2025 and the three-year period spanning 2026-2028,…
Cyprus faces risk of economic and geographic isolation over proposed EU aviation state aid cuts
For most European capitals, the ongoing revision of the European Commission’s guidelines on state aid for aviation is a technical…
Economic growth halted due to geopolitical developments
2026 has been characterised by a slowdown in growth, based on new data highlighting the economic outlook for the years…
Israeli media report gradual recovery in tourism to Cyprus
Israeli media outlets have reported extensively in recent weeks on a partial recovery in tourism to Cyprus, linking the earlier…
New allowances and higher payments approved for people with disabilities
The Council of Ministers has approved the phased implementation of the Law on Social Participation, Inclusion and Independent Living for…