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Company Maspex Romania moves forward to acquire majority control of Cyprus-Based Wine Purcari

Company Maspex Romania moves forward to acquire majority control of Cyprus-Based Wine Purcari

Maspex Romania has announced the launch of a voluntary takeover bid to acquire a majority stake in Wine Purcari, a Cyprus-registered winemaker with Moldovan roots and a growing international presence. This move is part of Maspex’s broader...

A field report from the “other” Cyprus tech event

A field report from the “other” Cyprus tech event

By Chrystalleni Loizidou For policymakers unfamiliar with this space: FLOSS and digital sovereignty are not fringe concerns—they are the building blocks of a more secure, autonomous, and transparent public infrastructure. This report outlines how...

Cyprus joins virtual summit backing Ukraine ceasefire

Cyprus joins virtual summit backing Ukraine ceasefire

Cyprus on Thursday took part in a virtual meeting of the ‘Coalition of the Willing’, where it reiterated its support for Ukraine. According to a statement, President Nikos Christodoulides participated in the video conference call, organised from...

Scarf showcases Cyprus culture Paris fashion week

Scarf showcases Cyprus culture Paris fashion week

A silk scarf put Cyprus cultural heritage on display at Paris Haute Couture Week, which ran from Monday to Thursday. Model Adam Lega wore the scarf, called Glass Panther, the design of which drew inspiration from a black glass ceramic vessel from...

Cyprus Parliament approves bill to align with Schengen VIS system

Cyprus Parliament approves bill to align with Schengen VIS system

Cyprus’s House of Representatives on Thursday approved legislation paving the way for the country’s integration into the Schengen Area’s Visa Information System (VIS), a move seen as a significant step toward full accession to the Schengen zone....

Loan costs remain high in Cyprus while depositors see limited returns

Loan costs remain high in Cyprus while depositors see limited returns

The average interest rate for household time deposits up to one year in Cyprus stood at 1.16 per cent in the latest data published by the Central Bank of Cyprus, lagging behind the euro area average of 1.84 per cent. According to the CBC, the...

UK and France finalise irregular migration deal despite Cyprus’ objections

UK and France finalise irregular migration deal despite Cyprus’ objections

The United Kingdom and France on Thursday night finalised a deal wherein the UK will begin to return irregular migrants who had crossed the English Channel back to France, despite Cyprus and four other European Union members raising objections to...

Cyprus: Upsurge in fires leads to warning

Bases fire chiefs are urging residents to remain vigilant after attending 11 fires in the past seven days. Crews in Episkopi worked alongside Republic of Cyprus (RoC) firefighters to extinguish blazes in the Fasouri plantation area, whilst in...

Cyprus trade deficit widens to €3.26 billion

Cyprus trade deficit widens to €3.26 billion

Cyprus recorded a trade deficit of €3.26 billion in the first five months of 2025, slightly up from €3.18 billion in the same period of 2024, according to figures released on Thursday by the statistical service. Specifically, total imports of...

Cyprus construction prices up 4.4 per cent from last year

Cyprus construction prices up 4.4 per cent from last year

The construction production index in Cyprus reached 112.65 units in the first quarter of 2025, reflecting a 1 per cent increase compared to the same period in 2024, according to the state statistical service. The service explained that the base...

CYPRUS ENTERING ITS FIRST DEFLATION IN YEARS

Current Events For the first time since 2021, Cyprus has entered into deflation. The Statistical Service of Cyprus has revealed that the island nation’s yearly rate of inflation has gone down to the negatives up to -0.2%, This previously happened...

Cyprus taps U.S. and EU defense funds to strengthen military

Cyprus taps U.S. and EU defense funds to strengthen military

Cyprus is taking steps to strengthen its military capabilities with help from both the European Union and the United States, government officials announced on Wednesday, marking another sign of deepening strategic ties between Nicosia and...

Cyprus strengthens ties with UAE in AI and tech collaboration

Cyprus strengthens ties with UAE in AI and tech collaboration

Chief Scientist Demetris Skourides recently completed a high-level business visit to the United Arab Emirates, according to an announcement released on Thursday. The visit aimed to “reinforce Cyprus’ role as a forward-looking hub for artificial...

Louis Hotels Offers Signature Summer Experiences in Greece and Cyprus

Louis Hotels Offers Signature Summer Experiences in Greece and Cyprus

Photo source: Louis Hotels Louis Hotels, a Cyprus-based hospitality brand and member of the Louis Group with 80 years of expertise, delivers unforgettable summer escapes across 26 properties in Greece and Cyprus. Catering to couples, families, and...

Cyprus deputy shipping minister visits UK to boost IMO council bid

Cyprus deputy shipping minister visits UK to boost IMO council bid

Deputy Shipping Minister Marina Hadjimanolis,paid a working visit to London this week, aiming to strengthen bilateral ties with the United Kingdom. The trip also sought to promote Cyprus’ bid for re-election to the council of the International...

Nicosia, the neglected relative

Nicosia, the neglected relative

by Demetris M. Demetriou Nicosia has structural issues. Where other cities have the sea, Nicosia has the Green Line. By its very nature, its development, and even the daily relief of its traffic, does not unfold in any smooth or natural way. It...

Cyprus swelters at 40°C as yellow warning continues

Cyprus swelters at 40°C as yellow warning continues

A seasonal low‑pressure system and a warm air mass are driving the heat. After early patches of low cloud and fog lift, skies will turn mostly clear. Winds will blow southwest to northwest, locally southeast to southwest in the morning, starting...

Cyprus: President’s speech at Invest Awards

The Invest Cyprus International Investment Awards have evolved into an annual tradition and celebration. One that honours those who have invested their trust in Cyprus and contributed meaningfully to our country’s growth. First and foremost, I...

Cyprus Business Now: ICT, sanctions, digital euro, disability care debate, RIF

Cyprus Business Now: ICT, sanctions, digital euro, disability care debate, RIF

The Cyprus association of care home owners on Tuesday expressed “strong dissatisfaction” over the way House labour committee discussed living conditions in private and state care homes for people with dissabilities. The association, a member of...

57-year-old woman killed in Nicosia District crash; two others hospitalized

57-year-old woman killed in Nicosia District crash; two others hospitalized

A 57-year-old woman was killed and two others injured in a road collision Wednesday morning in the Nicosia district, authorities said. The victim was identified as Dimitra Symeonidou Glykeriou, of Kapedes. Police said the crash occurred around...

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