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Cyprus Shipping Deputy Minister Marina Hadjimanolis has concluded a three-day working visit to the United Kingdom, during which she held a series of high-level meetings in London with British officials and key figures from the international maritime sector.   The discussions provided an opportunity to outline Cyprus’ national shipping policy and to present the priorities associated with the country’s forthcoming Presidency of the Council of the European Union.   The visit too

Cyprus’ betting market continued its expansion in the third quarter of 2025, with total gross revenue from Class A and Class B operators rising 7 per cent year-on-year to €312.5 million, according to data released by the National Betting Authority (NBA). The figure also marks a 20 per cent increase compared with the same period in 2023. The authority reported that online betting maintained its dominant role during the July to September period. Class B operators generated €235

The Cyprus capital market is expected to maintain a stable growth trajectory in 2026, underpinned by regulatory upgrades, technological progress and enhanced supervisory practices, according to Panikkos Vakkou, Vice-Chairman of the Cyprus Securities and Exchange Commission (CySEC).   Writing in an article originally published by Stockwatch, Vakkou noted that the domestic capital market is moving through a pivotal period of transformation, influenced by European and internatio

Net new loans in Cyprus declined in November 2025, according to a report released this week by the Central Bank of Cyprus. Specifically, net new loans fell to €256.3 million from total new loans of €565.2 million, compared with €429.4 million from total new loans of €624.9 million in October 2025. The Central Bank’s report also included statistical data on average interest rates applied by monetary financial institutions in Cyprus on deposits and loans to euro area residents

At a time of intense international turbulence and widespread uncertainty, Cyprus has demonstrated that it can maintain stability and safeguard its growth prospects, according to Yannis Misirlis, chairman of the Cyprus Property Developers Association. He underlined that the country has shown notable resilience after enduring successive years of pressure, stressing that despite ongoing challenges, the real estate development sector continues to act as a key engine of the nation

The Cypriot economy sustained a strong and steady course through December 29, 2025, with the government managing to steer through a challenging international environment while advancing far-reaching domestic reforms. Globally, uncertainty intensified early in the year as renewed trade frictions surfaced following tariff announcements by US President Donald Trump, reigniting concerns over rising inflation and a potential deceleration in global economic growth. These developmen

The Cyprus Chamber of Commerce and Industry (KEBE) has welcomed parliament’s approval of Cyprus’ long-anticipated tax reform, describing it as a decisive step towards modernising the country’s fiscal framework and reinforcing its competitiveness.   In a statement issued on Monday, the chamber said the reform “marks a historic step” in upgrading the tax system at a time when the Cypriot economy is seeking sustainable growth and increased investment. KEBE said the adoption of t

Cyprus has once again increased the proportion of renewable energy in its gross final energy consumption, according to the latest data released by Eurostat, underscoring steady progress in the country’s energy transition at a time when the European Union as a whole continues to lag behind its long-term climate objectives.   Eurostat data show that renewable sources accounted for 25.2 per cent of gross final energy consumption across the EU in 2024. This represents a rise of 0

Hourly labour costs in Cyprus rose by 3.5 per cent in the third quarter of 2025, placing the country close to the European Union average and reflecting ongoing wage and cost pressures faced by employers across Europe, according to the latest figures released by Eurostat.   Data from the EU’s statistical office show that during the same period, hourly labour costs increased by 3.3 per cent in the euro area and by 3.7 per cent across the EU as a whole, compared with the third q

Cyprus is facing an increasingly severe housing challenge that is placing growing pressure on young people and first-time homebuyers, according to the Cyprus Borrower Protection Association (Syprodat), which is urging swift and meaningful action as the European Union steps up efforts to address rising housing costs across the bloc.   This week, Syprodat said a newly unveiled European Commission initiative on affordable housing underscores the urgent need for comprehensive and

Cyprus and Vietnam took another significant step in deepening their bilateral relationship on   Wednesday, signing a double taxation avoidance agreement aimed at enhancing economic cooperation and curbing tax evasion related to income taxes.   The agreement was formalised at the finance ministry in Nicosia and was signed by Cyprus’ Finance Minister Makis Keravnos and Vietnam’s Deputy Minister of Finance Cao Anh Tuan.   The convention is designed to provide greater clarity and