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Jumbo to return €161 million to shareholders throughout 2026
Kıbrıs Cyprus Mail

Jumbo to return €161 million to shareholders throughout 2026

Greek retail group Jumbo maintained its outlook for 2026 this week, forecasting sales growth of around 5 per cent and net profit of between €310 million and €320 million, after sales recovered following the temporary ceasefire in the Iran conflict.  The guidance was reiterated during the group’s annual general meeting on July 15, which recorded shareholder […]

16.07.2026 13:34
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EU sanctions on Russia meet resistance from Greek shipping sector
Kıbrıs Cyprus Mail

EU sanctions on Russia meet resistance from Greek shipping sector

The European Union’s attempt to tighten restrictions on Russian LNG shipping has run into resistance from Greece, opening a new dispute over whether sanctions are weakening Moscow or simply driving valuable vessels and maritime business beyond European control.  Athens is withholding its support for the bloc’s 21st sanctions package against Russia, with the Financial Times reporting that Greece raised […]

16.07.2026 13:25
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IOC defends Russian Olympic Committee reinstatement after EU countries call for funding cuts
Kıbrıs Cyprus Mail

IOC defends Russian Olympic Committee reinstatement after EU countries call for funding cuts

The International Olympic Committee (IOC) defended its decision to provisionally lift the suspension of the Russian Olympic Committee (ROC) after nine European Union member states called on Brussels to stop funding sports bodies that have re-admitted Russian and Belarusian athletes. In a letter to European sports commissioner Glenn Micallef, the countries urged the European Union […]

16.07.2026 13:04
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Reputation Exchange shares removed from CSE index
Kıbrıs Cyprus Mail

Reputation Exchange shares removed from CSE index

The Cyprus Stock Exchange (CSE) announced on Thursday a forthcoming change to the composition of the Emerging Companies Market Index, which serves as a benchmark for the market. Specifically, the stock exchange informed investors that the shares of the Reputation Exchange PLC are being removed from the index. According to the exchange, this decision was […]

16.07.2026 12:33
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Cyprus pensions remain at the lower end of the European scale
Kıbrıs Cyprus Mail

Cyprus pensions remain at the lower end of the European scale

Retirement in Europe comes with no common safety net. A pensioner in one member state may be expected to live on little more than €250 a month, while in Luxembourg somebody with a full insurance record is protected at more than €2,400.  Between those two figures lies a complicated collection of national systems, each with its own […]

16.07.2026 12:25
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Limassol port operator supports Tepak excellence awards
Kıbrıs Cyprus Mail

Limassol port operator supports Tepak excellence awards

DP World Limassol, the operator of the Limassol port’s general cargo and cruise terminal, has donated €1,000 to support the Cyprus University of Technology (Tepak) Excellence Awards, strengthening a long-term partnership aimed at developing the next generation of logistics professionals. The company said the donation forms part of its broader sustainability strategy, which places particular […]

16.07.2026 12:19
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Paphos plans harbour upgrades with cruise pier and environmental improvements
Kıbrıs Cyprus Mail

Paphos plans harbour upgrades with cruise pier and environmental improvements

The Paphos municipality and the Cyprus Ports Authority held a meeting this week to discuss improvements at Kato Paphos harbour, focusing on infrastructure, tourism development, and preserving the area’s historic character. Among the issues discussed was the extension of the harbour entrance and the expansion of the breakwater behind the Mediaeval castle. Authorities said the […]

16.07.2026 12:13
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How AI assistants are quietly taking over corporate travel
Kıbrıs Cyprus Mail

How AI assistants are quietly taking over corporate travel

Talk to anyone running corporate travel this year and the same complaints come up. Too many approvals. Systems that don’t talk to each other. An expense report that should take 10 minutes and somehow consumes 45. What’s changed is who does the work. AI assistants have quietly taken over a chunk of the travel management […]

16.07.2026 12:02
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Frederick University: Education that creates Impact
Kıbrıs Cyprus Mail

Frederick University: Education that creates Impact

Frederick University: Education that creates Impact University continues to evolve, investing in academic excellence, research, internationalisation and sustainable development. Offering more than 80 academic programmes of study, supported by a strong research ecosystem, a comprehensive student support framework and state-of-the-art facilities, Frederick University has established itself as one of the largest, most prominent and most […]

16.07.2026 12:00
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Phedonos trial to be held behind closed doors
Kıbrıs Cyprus Mail

Phedonos trial to be held behind closed doors

The trial of suspended Paphos mayor Phedonas Phedonos, who stands accused of rape and domestic abuse, will be heard behind closed doors, the Paphos criminal court decided on Thursday. Court chief justice Lia Markou announced the decision at Thursday’s hearing, and said that in line with the ruling, the publication of any of the minutes […]

16.07.2026 11:55
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Limassol school student bags senior poetry prize
Kıbrıs Cyprus Mail

Limassol school student bags senior poetry prize

A student from Foley’s School in Limassol recently secured the first prize in the senior section of the 2025-26 Canterbury Tales Writing Competition. The Chaucer Heritage Trust awarded Julia Messolonghitis a £300 cash prize while her school’s library received a £1,000 award in support of its educational programmes. “This was my first time participating in a […]

16.07.2026 11:45
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Purpose Communications puts people at centre of strategic PR’s golden age
Kıbrıs Cyprus Mail

Purpose Communications puts people at centre of strategic PR’s golden age

Purpose Communications is marking World PR Day 2026 by inviting five members of its team to identify one quality that, for them, captures the value of strategic public relations today: consistency, trust, creativity, influence and perspective. This year’s theme, “The Golden Age of Strategic PR,” reflects the growing recognition of public relations as a core […]

16.07.2026 11:35
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Island Oil outlines sustainable growth in new report
Kıbrıs Cyprus Mail

Island Oil outlines sustainable growth in new report

Petronav Ship Management Ltd, the Limassol-headquartered vessel management arm of Island Oil Holdings, has supported the Cyprus Shipping Chamber’s (CSC) Adopt a Ship programme over the years, connecting its vessels with classrooms and giving young students an opportunity to learn about life at sea and the wider maritime industry.  As the programme celebrates 20 years, the company congratulated the CSC on an […]

16.07.2026 11:26
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Missing man’s daughter calls for legal reform over inheritance ordeal
Kıbrıs Cyprus Mail

Missing man’s daughter calls for legal reform over inheritance ordeal

The daughter of a man missing since the Turkish invasion of 1974 has renewed calls for legal reform after describing what she says is a prolonged bureaucratic struggle to settle her late mother’s estate. Alkistis Varnava, whose father Varnava Varnava disappeared during the invasion, said she had been forced to apply for him to be […]

16.07.2026 11:24
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Cyprus, Lebanon to connect electricity grids
Kıbrıs Cyprus Mail

Cyprus, Lebanon to connect electricity grids

The governments of Cyprus and Lebanon, as well as the World Bank, on Thursday agreed to prepare a preliminary feasibility study regarding the possibility of the connection of the two countries’ electricity grids. The agreement was reached by Cypriot Energy Minister Michael Damianos and his Lebanese counterpart Joseph Al-Saddi, with both governments saying that it […]

16.07.2026 11:14
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Demetra renews mandate for share buyback programme following AGM
Kıbrıs Cyprus Mail

Demetra renews mandate for share buyback programme following AGM

Demetra Holdings announced this week that it has renewed its share buyback programme following the necessary authorisation from shareholders. According to the announcement, the company secured this approval during its annual general meeting held on June 30, 2026, and subsequently notified the Cyprus Stock Exchange (CSE) of its intentions on July 1, 2026. To ensure […]

16.07.2026 11:07
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Greek islands face drought as tourist season hits
Kıbrıs Cyprus Mail

Greek islands face drought as tourist season hits

Seven Greek islands in the Aegean Sea have declared drought emergencies this year to preserve water as climate change makes summers hotter and rainfall more erratic. Now, authorities are wondering if it will rain next year to sustain the thousands of tourists who strain the supply of water just when locals need it most. The […]

16.07.2026 10:57
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CSE announces delisting of treasury bills
Kıbrıs Cyprus Mail

CSE announces delisting of treasury bills

The Cyprus Stock Exchange (CSE) announced on Thursday the suspension of trading for the 13-week treasury bills, 4th issue, series 2026, from July 21, 2026, until July 23, 2026, inclusive. This measure applies to the treasury bills identified by the code TB13D26 and will remain in effect until the settlement of all transactions is finalised. […]

16.07.2026 10:54
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State schoolchildren treated as ‘second class’ over safety, auditor-general says
Kıbrıs Cyprus Mail

State schoolchildren treated as ‘second class’ over safety, auditor-general says

Pupils who attend state schools are treated as “second class” in comparison to those who attend private schools, auditor-general Andreas Papaconstantinou wrote in a report on fire safety in school buildings released on Thursday. “The different institutional approach between state and private schools regarding health and safety obligations, in addition to creating conditions of unequal […]

16.07.2026 10:42
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Cyprus races to adopt overdue EU banking rules
Kıbrıs Cyprus Mail

Cyprus races to adopt overdue EU banking rules

Cyprus has tabled a long-delayed package of four banking reform bills in parliament, seven months after the European Union deadline for transposing the bloc’s updated banking directive into national law. According to a report from Philenews, the government submitted the legislative package at the beginning of July and has urged parliament to examine it as […]

16.07.2026 10:31
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