A video of a mouflon giving birth in a forest went viral on Facebook on Thursday morning. Mouflons are usually hard to spot as they are not only shy but also move around fast on the forest slopes in the Troodos mountains and Paphos, particularly in the area of Tripylos, where they feed on oak, […]
The Cyprus apartment market has remained highly active, with nearly 10,000 transactions recorded in 2024, generating €2.3 billion in total value. But what does this mean for developers, investors, and agents? By analysing the latest data, we uncover key trends shaping the market, and highlight where opportunities lie. Apartments drive market activity Apartments continue to dominate Cyprus’ real-estate sector, […]
‘Cyprus already has highest tax-free threshold in the EU’ Finance Minister Makis Keravnos has ruled out the prospect of raising the tax-free income threshold beyond €20,500, signalling a firm stance as the government moves ahead with its new tax reform. As reported by Economy Today, Keravnos delivered a lecture on Cyprus’ new tax reform at the […]
AstroBank Public Company Limited on Thursday announced the appointment of Charis Kynigou as an executive bember of its board of directors, effective from March 31, 2025. The bank noted that the appointment follows approval by the Central Bank of Cyprus (CBC). According to the announcement, Kynigou has been with AstroBank since February 2015 and currently serves as the […]
The Paphos regional tourism board (Etap) announced on Thursday that it is boosting its promotional efforts in Poland as part of its 2025 action plan. According to the announcement, the board will participate in a series of workshops and presentations in three major Polish cities—Kraków, Poznań, and Warsaw. These events will take place from April 7 to 11, 2025. The […]
As Cyprus faces its third consecutive year of severe water scarcity, the government is exploring solutions to secure adequate water supplies for citizens and agriculture. Agriculture Minister Maria Panayiotou is in Abu Dhabi today to discuss potential cooperation with the United Arab Emirates’ National Energy Company (TAQA). The visit aims to investigate the possibility of […]
The Cyprus Composite Leading Economic Index (CCLEI), constructed and estimated by the Economics Research Centre (CypERC) of the University of Cyprus, recorded a year-over-year (YoY) increase of 2.9% in February 2025. This shows it is continuing its upward trajectory, following year-over-year increases of 2.5% and 2% recorded in January 2025 and December 2024, respectively, according to the most recently […]
Cyprus’ tourism sector is entering 2025 with increased optimism, according to Deputy Minister of Tourism Kostas Koumis. Speaking in Paphos on 1 April, he highlighted that early indicators suggest the new year will have at least as good results as 2024—a landmark year for Cyprus, as the country surpassed 4 million tourist arrivals and €3 […]
The Central Bank of Cyprus (CBC) has decided to maintain the countercyclical buffer (CCyB) rate unchanged at 1.5%, with effect as of 14 January 2026. In a press release, CBC notes that, in accordance with the provisions of the Macroprudential Oversight of Institutions Laws of 2015 to 2022, deemed appropriate to maintain the CCyB rate at 1.5%, which […]
Cyprus is making a bold push to attract American investment, with President Nikos Christodoulides leading a high-profile delegation to the United States. Over the next few days he will visit New York, Texas, and California, meeting with key business leaders, energy giants, and tech investors. The goal is to strengthen economic ties, boost foreign investment, […]
The Bank of Cyprus on Wednesday provided an update on its total voting rights, share capital, and the progress of its share buyback programme. Specifically, the bank reported that 28 per cent of the buyback programme has already been executed. According to the announcement, as of March 31, 2025, the company had repurchased 1,496,122 shares at a weighted average price […]
Limassol port to host 26 cruise calls Cyprus’ cruise season began on Wednesday with the arrival of Marella Discovery II at the port of Limassol, according to an announcement by operator DP World Limassol. This marks the country’s first ‘Fly and Cruise’ operation since the Covid-19 pandemic, something which the port operator described as a “reaffirmation of its […]
Cyprus President Nikos Christodoulides is leading a high-level delegation to the United States on Wednesday, aiming to attract investment in shipping, technology and energy. The visit includes stops in New York, Texas, and San Francisco. The president is accompanied by key government officials, including Energy Minister George Papanastasiou, Deputy Shipping Minister Marina Hadjimanoli and Deputy […]
As the Mediterranean’s rising star, Cyprus continues to attract investors looking for high-yield property opportunities. With a booming economy, a favourable tax regime, and a strategic location bridging Europe, the Middle East, and Africa, Cyprus is fast becoming a top-tier investment destination. Whether for residential, commercial, or mixed-use properties, the island offers compelling reasons for […]
The Central Bank of Cyprus (CBC) has decided to maintain the countercyclical capital buffer (CCyB) at 1.5 per cent, with the measure set to take effect from January 14, 2026. In an official announcement, the CBC stated that, in accordance with the Macroprudential Supervision of Institutions Laws of 2015 to 2022, it deemed it necessary […]
The Cyprus Composite Leading Economic Index (CCLEI), compiled by the Economics Research Centre (CypERC) of the University of Cyprus, recorded a year-on-year increase of 2.9 per cent in February 2025. This follows year-on-year increases of 2.5 per cent in January 2025 and 2.0 per cent in December 2024, according to the most recently revised data. […]