News Cyprus: Cyprus solar power: where the money really goes
The debate over Cyprus’ high electricity prices has increasingly focused on renewable energy producers and, in particular, whether commercial solar parks are earning excessive returns. This is a legitimate question and should be examined. But the evidence suggests that concentrating on solar parks returns alone risks missing the much bigger…
News Cyprus: Ferry carrying nearly 270 people capsizes off northern Cyprus, killing at least 7
At least seven people have died after a ferry carrying nearly 270 passengers and crew capsized off the coast of northern Cyprus on Sunday, Turkish media reported. The prime minister of the breakaway ...
News Cyprus: 'She slipped out of my hand' - children missing after ferry sinks off northern Cyprus
Ayten Bicer felt her 12-year-old daughter slip from her grasp and disappear as the ferry they were travelling on capsized off the coast of northern Cyprus on Sunday, killing eight people. Her daughter ...
News Cyprus: Cyprus should aim to invest 5 per cent of GDP in research & innovation by 2032
Cyprus has spent years talking about becoming an innovation economy. If the country wants to make that transition, research and innovation can no longer be treated as a secondary area of economic policy. The government should set an ambitious national objective: mobilise public and private investment in research and development to reach at…
News Cyprus: Cyprus launches €1.7 million grant scheme for international trade fairs
The Cyprus Chamber of Commerce and Industry (Keve) has announced that the Trade Ministry has opened applications for a €1.7 million grant scheme supporting local businesses participating in international trade fairs throughout 2027. The De Minimis sponsorship scheme provides financial backing for Cypriot enterprises to exhibit at commercial fairs abroad…
News Cyprus: Business body links Cyprus population decline to future labour shortages
The Cyprus Chamber of Commerce and Industry (Keve) on Thursday called for stronger support for families, particularly larger families, after meeting with the Pancyprian Organisation of Large Families to discuss Cyprus’ worsening demographic outlook and its economic consequences. The meeting involved an extensive exchange of views on the demographic problem…
News Cyprus: Koumis hails global recognition of Cyprus tourism
Cyprus’ success in replacing lost Russian visitors by opening up new tourism markets has won international recognition, Deputy Tourism Minister Kostas Koumis said. Speaking at the opening of an international development seminar in Nicosia this week, Koumis pointed to a joint report by Oxford Economics and global tourism platform TOURISE, which presents Cyprus as a leading example of tourism…
News Cyprus: Cyprus tourism shows resilience despite Middle East disruption, says Letymbiotis
Cyprus tourism continued to show resilience and momentum in the first half of 2026, despite disruption caused by developments in the Middle East and turbulence in air transport during March and April, government spokesman Konstantinos Letymbiotis said on Thursday. Speaking to media representatives at the Presidential Palace, Letymbiotis compared this…
News Cyprus: Cyprus finance minister says international creditors affirm bailout on track in 2nd review
NICOSIA, Cyprus – Cyprus's international creditors have found that the country's reform program is on track, the country's finance minister said Thursday. At the culmination of the second review into ...
News Cyprus: Cyprus’ social media ban in practice
When President Nikos Christodoulides announced last week that Cyprus is poised to implement a social media ban for children under 15, he blithely mentioned that the age verification system would be via the ‘Digital Citizen’ application, a – so far – non-mandatory digital storage for personal data. It immediately set…
News Cyprus: Power Shifts in Turkish Cyprus: 2024 Overview
Welcome to the Mediterranean’s most fascinating geopolitical chessboard. While everyone’s watching the Middle East, a quiet revolution is unfolding just offshore. President Ersin Tatar isn’t just ...
News Cyprus: Cyprus spends high on teachers but pupil scores continue to fall
Cyprus spends more of its public budget on education than most EU countries, but its pupils continue to record some of Europe’s weakest results. According to European Commission and OECD data published on Tuesday, education accounted for 13.2 per cent of Cyprus’ total public expenditure in 2024, compared with an…
News Cyprus: Cyprus unemployment ticks up in August driven by public sector and education
Cyprus’ registered unemployed rose by 7.2 per cent in August, with the increase driven mainly by public administration, education, administrative and support services, and information and communication, according to figures released on Thursday by the statistical service (Cystat). The number of unemployed persons registered at district labour offices reached 12,385 on the last day of August…
News Cyprus: Cyprus ferry disaster survivors saw 'panic' and children drown as people 'jumped into sea out of fear'
Passengers described the horrifying screams, crushing crowds and desperate attempts to escape after a ferry carrying 267 people overturned off Northern Cyprus as 18 people still missing ...
News Cyprus: Cyprus' GDP growth strengthens in Q2
Cyprus' economic growth improved in the second quarter of this year after slowing in the previous three months, underpinned by strong growth in investment and consumption, preliminary data from the statistical office showed on Tuesday. Gross domestic product rose a seasonally and working-day adjusted 3.
News Cyprus: Cyprus economy grows by 3.3 per cent — construction and tech sectors key drivers
Cyprus’ economy expanded by 3.3 per cent in real terms year on year in the second quarter of 2026, according to a report from the Cyprus Statistical Service (Cystat). Seasonally and working-day adjusted gross domestic product (GDP) reached €7.87 billion between April and June, representing growth of 0.8 per cent…
News Cyprus: Keravnos: economy growing three times faster than EU average
Cyprus’ economy grew by some 3.3 per cent in the first half of 2026, more than three times the average of other member states, Finance Minister Makis Keravnos said on Wednesday. Speaking with the Cyprus News Agency, Keravnos said the economy had maintained a strong growth rate despite present difficulties…
News Cyprus: Cyprus is hiring, but is every job advert real?
Cyprus employers reported 13,905 job vacancies in the first quarter of 2026, but that figure tells jobseekers how many positions businesses say they intend to fill, not whether every advert still appearing online leads to an active recruitment process. The largest number of vacancies was recorded in wholesale and retail trade,…
