Cyprus has taken a step to strengthen its role as a regional innovation hub with the signing of a Memorandum…
Banks cash in as ECB keeps rates frozen through autumn
Borrowers are set to miss out on further loan payment reductions, while banks are expected to benefit from the anticipated stabilisation of…
Cyprus aims to woo tourists from Saudi Arabia
Cyprus and Saudi Arabia agreed to sign a tourism cooperation memorandum during a videoconference between the countries’ deputy tourism ministers…
Cyprus offers €25,000 tax breaks to attract overseas Cypriot workers
Cyprus has launched an ambitious recruitment offensive targeting its overseas diaspora, deploying successful business professionals as “ambassadors” to reverse decades…
Over 48,000 temporary residence permits issued to foreign company workers
Cyprus granted more than 48,000 temporary residence permits to employees of foreign-interest companies and their family members between 1 January…
Cyprus public debt expected to fall near 50% by end-2025, minister says
Cyprus’s public debt is expected to fall to around 50% by the end of 2025, significantly ahead of previous estimates…
Cabinet hands Greek language support, private education grants to returning diaspora workers
The Cabinet Wednesday approved measures to support Greek language learning and assist those repatriating to Cyprus under the Minds in…
Government slashes student transport costs to €5 monthly with subsidies
The cabinet on Wednesday approved special student transport fares for the period from 1 September 2025 to 31 August 2027,…
State abolishes fees for three- to four-year-olds in state nurseries
Cyprus has abolished tuition fees for children aged three to four years and five months attending state nurseries, the Council…
Budget airlines face turbulence as cheap flights era nears end
Low-cost and ultra-low-cost airlines are experiencing significant upheaval as their business model comes under unprecedented pressure from rising operational costs…