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Cyprus banks record drop in housing and consumer loans
Kıbrıs Cyprus Mail

Cyprus banks record drop in housing and consumer loans

Net new loans in Cyprus declined in November 2025, according to a report released this week by the Central Bank of Cyprus (CBC). Specifically, net new loans fell to €256.3 million during this time, from total new loans of €565.2 million, compared with €429.4 million, from total new loans of €624.9 million in the previous […]

08.01.2026 07:34
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Overcast with showers, near gale force winds and storms coming
Kıbrıs Cyprus Mail

Overcast with showers, near gale force winds and storms coming

Thursday is overcast with fine dust in the atmosphere and temperatures reaching 19C inland, 21C along the coast and 14C in the highest mountains. Winds will be a northeast to southeast gentle to moderate breeze of 3 to 4 Beaufort, over slight seas. Showers and isolated thunderstorms can be expected overnight, initially to the west […]

08.01.2026 07:28
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Cyprus current account deficit narrows in third quarter of 2025
Kıbrıs Cyprus Mail

Cyprus current account deficit narrows in third quarter of 2025

Cyprus recorded an improvement in its current account balance in the third quarter of 2025, with the deficit narrowing to €95.00 million, according to the Central Bank of Cyprus. The deficit was lower than the €116.10 million recorded in the third quarter of 2024, the Central Bank said in its preliminary external statistics release. In […]

08.01.2026 07:10
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Greek banks prepare dividend surge and strategy upgrades
Kıbrıs Cyprus Mail

Greek banks prepare dividend surge and strategy upgrades

Greek systemic banks are expected within the next two weeks to announce the dates for releasing their 2025 financial results, alongside positive revisions to their business plans, as they prepare to intensify engagement with international investors. According to Greek business outlet Newmoney, the four systemic banks are likely to publish their results in late February […]

08.01.2026 07:00
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What’s on this weekend
Kıbrıs Cyprus Mail

What’s on this weekend

This weekend, get ready for Broadway musicals, tributes to Michael Jackson, choir performances, bazaars and exhibitions. Events are happening all around the island, and we have collected some of the weekend’s best options. Here’s what’s on this Thursday, Friday, Saturday and Sunday. Music and shows Fans of musicals, this Paphos concert is for you. Midia […]

08.01.2026 06:40
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Businesses invited to free online session on Cyprus tax changes
Kıbrıs Cyprus Mail

Businesses invited to free online session on Cyprus tax changes

The Cyprus Chamber of Commerce and Industry (Keve) is partnering with the Office of the Tax Commissioner to host a comprehensive informational webinar on January 19, 2026. The webinar is designed to guide the local business community through the complexities of the nation’s recent tax reform. This initiative follows a previous circular issued by the […]

08.01.2026 06:10
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Warehouse training programme targets productivity boost in Cyprus
Kıbrıs Cyprus Mail

Warehouse training programme targets productivity boost in Cyprus

A subsidised training programme on warehouse organisation and management will take place on February 5, 2026 and February 11, 2026 in Nicosia, offering businesses and executives practical tools to improve productivity and operational efficiency across supply chains. The programme, titled “Organisation and management of warehouses – a practical guide for optimal productivity and efficiency”, will […]

08.01.2026 06:00
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One in six cars sold in Turkey now fully electric
Kıbrıs Cyprus Mail

One in six cars sold in Turkey now fully electric

Turkey’s car and light commercial vehicle market climbed to an all-time high in 2025, with nearly one in six cars sold being fully electric, industry data showed on Wednesday. Despite high taxes and tight financing conditions, sales rose 10.5 per cent to 1.37 million units last year, according to the Automotive Distributors and Mobility Association […]

08.01.2026 05:30
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Justinian-era harbour uncovered at ancient Peyia
Kıbrıs Cyprus Mail

Justinian-era harbour uncovered at ancient Peyia

Evidence of a vast harbour, alongside more than 700 kilograms of Late Roman amphora fragments, has been uncovered during excavations at the ancient port of Peyia, the antiquities department announced on Wednesday. The discoveries come from the completion of the New York University excavation programme at Peyia for 2025, a six-week interdisciplinary project combining survey, […]

08.01.2026 04:25
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Our View: Government cannot be constantly intervening in the labour market
Kıbrıs Cyprus Mail

Our View: Government cannot be constantly intervening in the labour market

The bosses of the three big unions on Monday sent President Nikos Christodoulides a memo listing four demands regarding the minimum wage, collective agreements, employment of third country nationals and the operation of the Ergani data system. For the union bosses, the most important issue is the national minimum wage, which they believe is too […]

08.01.2026 04:20
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