Kıbrıs Cyprus Mail

Cyprus among countries where banks passed on fewer ECB rate rises to savers

Cyprus was among the euro area countries where banks increased deposit rates less aggressively following the European Central Bank’s (ECB) interest rate hikes, according to a new ECB working paper examining how banks priced deposits between 2007 and 2024. The research found that banks in Cyprus and other southern euro area countries generally passed on […]

22.07.2026 08:32

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Kıbrıs Cyprus Mail

Ukraine gets new top commander as protests spark war’s biggest military shake up

President Volodymyr Zelenskiy named a young major general, Mykhailo Drapatyi, as the commander-in-chief of Ukraine’s military after days of street protests, marking the biggest shake-up in the country’s military leadership since its war with Russia began. Zelenskiy replaced Oleksandr Syrskyi, 60, with Drapatyi, 43, a respected and experienced commander who led the country’s land forces […]

22.07.2026 08:30

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Kıbrıs Cyprus Mail

Car destroyed in fire in Strovolos

A parked vehicle belonging to a 34-year-old woman was destroyed in a fire on Wednesday morning. According to the police, the fire broke out at around 4.40am in an open plot in the Strovolos area. The fire was put out by the fire brigade. The scene has since been cordoned off and launched investigations into […]

22.07.2026 08:26

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Kıbrıs Cyprus Mail

Today’s weather: Hot and sunny

On Wednesday the weather will be overwhelmingly clear with temperatures reaching up to 43 degrees Celsius inland, 33 degrees on the west coast, around 36 degrees in the remaining coastal areas and around 32 degrees in the higher mountains. Winds will blow mainly from the south-west to the north-west, reaching up to 4 Beaufort, and […]

22.07.2026 08:18

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Kıbrıs Cyprus Mail

Euro area businesses report higher borrowing costs

Euro area companies reported tighter lending conditions and higher borrowing costs during the second quarter of 2026, while financing needs edged higher and inflation expectations remained broadly stable, according to the European Central Bank’s (ECB) latest Survey on the Access to Finance of Enterprises (SAFE). The survey found that firms continued to experience more restrictive […]

22.07.2026 08:02

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Kıbrıs Cyprus Mail

Rubio says Iran ‘not serious’ about talks as oil routes face disruption

U.S. Secretary of State Marco Rubio said on Wednesday the United States is still willing to negotiate an end to the Iran crisis but Tehran is not serious about talks, as the widening conflict disrupted two of the world’s most critical energy chokepoints. Rubio made his comments in a meeting of Southeast Asian foreign ministers […]

22.07.2026 07:59

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Kıbrıs Cyprus Mail

Hadjipetrou maps Columbia’s next phase after O’Neil exit

Columbia Group chief executive Andreas Hadjipetrou has set out a strategy of measured expansion, tighter internal cooperation and greater seafarer support, three months after taking charge of one of the world’s largest ship-management groups.  Hadjipetrou said this week that Columbia would continue expanding its core ship-management business and wider services, but insisted that growth must be “measured, […]

22.07.2026 07:40

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Kıbrıs Cyprus Mail

Cyprus Business Now: surplus, Petrolina, India, shipping, electronic payments

Petrolina (Holdings) Public Limited announced on Tuesday that it has decided to commence operations for five separate special purpose companies established to develop individual phases of the ambitious Land of Tomorrow project. The first special purpose company, Land of Tomorrow – Residential Towers Ltd, involves a 21 per cent participation by Petrolina (Holdings) Public Limited. The second special purpose […]

22.07.2026 07:30

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Kıbrıs Cyprus Mail

Cyprus startups invited to pitch at Rome Future Week 2026

Cyprus startups and scaleups have been invited to take part in the European Startup Pitch Session in Rome on September 22 and 23, 2026, with the Cyprus Chamber of Commerce and Industry (Keve) informing members about the opportunity. Keve said the event will take place as part of Rome Future Week 2026 and aims to […]

22.07.2026 07:00

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Kıbrıs Cyprus Mail

Cyprus-based IT distributor sees revenue climb to $649 million in June

ASBISc Enterprises Plc this week reported that estimated consolidated revenues for June had risen to approximately $649 million, up by roughly 74 per cent from June 2025, in a trading update from the Cyprus-based IT distributor. The board of directors said the estimate was published after its decision to disclose monthly consolidated revenue information, as […]

22.07.2026 06:30

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Kıbrıs Cyprus Mail

Forever chemicals and single-use plastics: What the EU’s new rules mean for Cyprus

By Antonia Christou As Cyprus handed back the rotating presidency of the EU Council on June 30, one of its more consequential environmental marks is also one of its least publicised. In February 2026, under the Cypriot presidency, the Council signed off on a long-stalled directive that, for the first time, brings a whole group […]

22.07.2026 04:24

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Kıbrıs Cyprus Mail

Our View: Supervision of investment firms a delicate balancing act

The Peer Review Committee (PRC) European Securities and Markets Authority (ESMA) noted the progress made by the Cyprus Securities and Exchange Commission (CySEC) in strengthening supervisory and enforcement practices following recommendations issued in a 2022 review of cross-border investment firm supervision. The PRC assessed actions by national authorities, including CySEC, with regard to authorisation, supervision, […]

22.07.2026 04:20

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Kıbrıs Cyprus Mail

Trump pledges support for Lebanon in meeting with Aoun

US President Donald Trump pledged support for Lebanon on Tuesday during talks with Lebanese President Joseph Aoun but offered no timetable for an Israeli withdrawal from southern Lebanon, saying only that Israeli forces were “in the process” of redeploying. Speaking alongside Aoun at the White House, Trump was asked whether there would be a timeline […]

21.07.2026 22:34

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Kıbrıs Cyprus Mail

French parliament backs social media ban for children under 15

French lawmakers approved on Tuesday a ban on social media access for children under the age of 15, as concerns grow around the world over the impact social media have on the health and safety of minors. France becomes the first in Europe to follow Australia, where the world’s first ban for under-16s on platforms […]

21.07.2026 22:04

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Kıbrıs Cyprus Mail

Prison guards accuse Fitiris of publicity stunt visit

The prison officers’ union Isotita (Equality) on Tuesday accused Justice Minister Costas Fitiris of staging a “PR stunt” during his recent visit to the central prisons. In a statement, the union said the minister visited the prison 48 hours after a fire broke out in Wing 4, arguing that the damage had already been repaired […]

21.07.2026 21:49

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Kıbrıs Cyprus Mail

Trump warns Iran strike on nuclear site could come soon

US President Donald Trump warned on Tuesday that the United States could strike a heavily fortified Iranian nuclear site “very soon”, while tensions in the Red Sea intensified after Yemen’s Houthi movement announced a naval blockade targeting Saudi ports. Speaking during a meeting at the White House with Lebanese President Joseph Aoun, Trump said Iran […]

21.07.2026 21:36

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Kıbrıs Cyprus Mail

Lebanese army deploys to south after Israeli withdrawal from pilot zone

Lebanese troops began deploying to parts of southern Lebanon on Tuesday after Israeli forces withdrew from a designated pilot zone under a United States brokered agreement aimed at reducing tensions along the border. The Lebanese army said its units had entered the village of Zawtar al Gharbiyeh in Nabatieh district, describing the move as part […]

21.07.2026 21:20

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Kıbrıs Cyprus Mail

EU backs UN efforts on Cyprus issue after Kallas Holguin talks

The European Union remains committed to supporting United Nations efforts to achieve a comprehensive settlement of the Cyprus issue, EU foreign policy chief Kaja Kallas said after speaking with UN envoy Maria Angela Holguin on Tuesday. The telephone conversation took place ahead of Holguin’s visit to Brussels on Wednesday and UN Secretary General Antonio Guterres’ […]

21.07.2026 21:13

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Kıbrıs Cyprus Mail

Ertugruloglu meets Turkey’s Bozay

Turkish Cypriot ‘foreign minister’ Tahsin Ertugruloglu on Tuesday met Turkish Deputy Foreign Minister Kemal Bozay in Nicosia, with the former having been something of an outlier in refusing to offer his support for, and at times being outright critical of the “new initiative” being undertaken with the aim of bringing about a resumption of negotiations in earnest on the […]

21.07.2026 20:52

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Kıbrıs Cyprus Mail

Quest for Cyprus solution ‘not served by policies of isolation’, Annita says

The search for a solution to the Cyprus problem is not served by “policies of isolation or wise words”, House President Annita Demetriou said on Tuesday, with efforts both in Cyprus and abroad ramping up with the aim of bringing about a resumption of negotiations in earnest. She told her party, Disy’s annual event to […]

21.07.2026 20:44

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Kıbrıs Cyprus Mail

Turkey discussing future of S400 systems with third countries

Turkey is in talks with third countries over the future of its Russian made S400 air defence systems, Defence Minister Yasar Guler has confirmed, signalling possible efforts to resolve one of the main disputes affecting relations with the United States. The comments were made on Tuesday in written responses to questions submitted by members of […]

21.07.2026 20:42

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Kıbrıs Cyprus Mail

Woman injured in moped bag snatch in Larnaca

A 38-year-old woman was injured after two men riding a moped snatched her handbag while she was walking in Larnaca on Tuesday morning. According to police, the incident happened at around 6am when the woman was approached by two people travelling on a moped. Police said the passenger grabbed the woman’s handbag, causing her to […]

21.07.2026 20:30

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Kıbrıs Cyprus Mail

Cypriot fencer Tofalides in Hong Kong for world championships

Cypriot fencer Alexandros Tofalidis will represent Cyprus at the World Fencing Championships in Hong Kong, with his foil competition taking place on Wednesday. The 33-year-old athlete arrived in Hong Kong ahead of the tournament, where he will compete in the qualifiers in the 11th pool against some of the world’s leading fencers. A total of […]

21.07.2026 20:26

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Kıbrıs Cyprus Mail

How do you feel when you hear the sirens?

A day after sirens rang out in the Republic – audible in the occupied north – to mark July 20, the anniversary of the 1974 invasion, we asked people on both sides how it makes them feel to hear the sirens.

21.07.2026 20:09

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