Cyprus Mail

Kıbrıs 01.05.2026 10:40

Today’s weather: Mostly clear

Friday’s weather is expected to be mostly clear across most of the island, with the odd cloud expected to appear in the afternoon, and isolated rain not ruled out in the mountains. Temperatures are set to rise to 28 degrees Celsius inland, 23 degrees Celsius on the west coast, 25 degrees Celsius on the rest […]

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Kıbrıs 01.05.2026 10:00

Samsung reports record profit as chip income jumps 49-fold on AI boom

Samsung Electronics reported record ​quarterly profit earlier this week, driven by a 49-fold jump in chip income, saying it expects a severe supply shortage to deepen next year as clients spend on ‌AI, driving up prices of its memory chips. The world’s top memory chipmaker by sales also said it has signed multi-year binding contracts […]

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Kıbrıs 01.05.2026 10:00

What to do at Fish Festival this weekend

If you love seafood, the deep blue and local events, “come celebrate the 11th Fish Festival with us,” suggests the municipality of Polis Chrysochous. Highly anticipated, the festival has now become an annual and beloved spring tradition for the community as it brings together fishermen, chefs, visitors and children for a fun day out at […]

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Kıbrıs 01.05.2026 08:30

EU economic momentum cools in start of 2026

Eurostat has reported that seasonally adjusted GDP increased by only 0.1 per cent in both the euro area and the wider EU during the first quarter of 2026. This preliminary flash estimate indicates a loss of momentum compared to the fourth quarter of 2025, when GDP had grown by 0.2 per cent in both regions. […]

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Kıbrıs 01.05.2026 08:00

Payments giant Visa raises annual profit forecast on resilient demand

Visa shares jumped 5 per cent in premarket trading earlier this week as the payments-processing company beat estimates for second-quarter profit and lifted expectations for full-year earnings, buoyed by resilient consumer spending. Payments ​volume grew as consumer spending during the quarter defied broader macroeconomic concerns stoked by heightened ‌tensions in the Middle East. CEO Ryan […]

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Kıbrıs 01.05.2026 07:40

Bank of Cyprus updates share capital and voting rights

The Bank of Cyprus (BoC) has released a statement related to its total issued share capital and voting rights, providing shareholders with updated figures for regulatory reporting purposes. The company stated that its total issued share capital stood at 435,962,305 ordinary shares, each with a nominal value of €0.10. Each of these ordinary shares carries […]

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Kıbrıs 01.05.2026 07:30

Cyprus Business Now: Oev, inflation, tax department, gaming, tourism, investment

The Cyprus Employers and Industrialists Federation (Oev) and the Hellenic Federation of Enterprises (Sev) have signed a memorandum of cooperation, formalising their joint commitment to strengthening entrepreneurship, competitiveness and extroversion in Cyprus and Greece. According to an announcement released on Thursday, the agreement was signed by Oev president George Pantelides and Sev executive committee president […]

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Kıbrıs 01.05.2026 06:30

Volvo CEO ‘not satisfied’ with results as US subsidies are pulled

Volvo Cars reported this week a smaller-than-expected fall in first-quarter operating profit, but said the ​impact of a pull-back of subsidies and other developments in the ‌United States had been worse than expected. “We are not satisfied with our results … but despite a volume drop coming from external factors we are more or less […]

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Kıbrıs 01.05.2026 06:00

Startup secures spot in KPMG innovation lab for 2026

Student housing startup MyStudentFlat has announced a series of new milestones, including a strategic partnership with UNIPLACES, first place at the 6th NBG SEEDS StartUp Bootcamp, and participation in the 2026 KPMG StartUp Innovation Lab, according to its statement. The company said the developments mark another step in its growth trajectory, as it seeks to […]

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Kıbrıs 01.05.2026 04:24

Cyprus slides further in global press freedom rankings

Cyprus has fallen to 80th place out of 180 countries in the 2026 World Press Freedom Index, according to findings published on Thursday by Reporters Without Borders (RSF). The country remains the second-lowest ranked European Union member state, ahead only of Greece, and recorded a total score of 56.9 out of 100, just above the […]

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Kıbrıs 01.05.2026 04:20

Our View: Labour Day rhetoric ignores modern economic reality

Cyprus marks Labour Day today with the usual union-organised parades to mark the past struggles of the workers. And although working conditions, pay and living standards have improved dramatically in the last 30 to 40 years, hearing the declarations of unions, you would think we were living in the 1950s when workers struggled to make […]

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Kıbrıs 30.04.2026 23:01

Vessel carrying grain Ukraine says stolen by Russia will not unload in Israel, Kyiv says

A vessel carrying grain that Ukraine says was stolen from areas occupied by Russia will not unload in Israel, Ukraine said on Thursday, after Kyiv requested Israel to seize the cargo. Ukraine’s prosecutor general, Ruslan Kravchenko, said on the Telegram app that the vessel, Panormitis, left Israel’s territorial waters and departed into neutral waters following […]

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Kıbrıs 30.04.2026 22:06

Iran will be at World Cup and will play in the US, says FIFA boss

FIFA president Gianni Infantino insisted Iran would play World Cup matches in the United States, as the soccer governing body’s Congress opened on Thursday without the country’s delegation, its absence highlighting tensions and challenges surrounding the tournament. “Let me start at the outset. Of course Iran will be participating at the FIFA World Cup 2026. […]

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Kıbrıs 30.04.2026 21:55

US resumes commercial passenger air service to Venezuela after seven years

U.S. passenger air service to Venezuela resumed on Thursday morning after seven years, with an American Airlines AAL.O flight from Miami to Caracas. American is resuming daily service to Venezuela, offering flights ​on an Embraer 175 through Envoy, its wholly-owned ⁠regional subsidiary. It plans to add a second daily flight starting May 21. The first […]

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Kıbrıs 30.04.2026 20:40

Dipa claims exclusion from polls ahead of elections

The Dipa (Democratic Alignment) party claimed on Thursday that they are being left out of opinion polls, skewing the surveys published ahead of the parliamentary elections. Loizos Constantinou, advisor to Dipa boss Marios Garoyian, was citing anecdotal evidence from people participating in polls. He said a number of individuals have complained that, when being interviewed […]

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Kıbrıs 30.04.2026 20:16

Drivers cut fuel spending as petrol prices surge

Motorists are skimping at the pump as the fallout of the Iran war keeps petrol prices high, the head of the association of petrol station owners said on Thursday. According to Savvas Prokopiou, only about 10 to 15 per cent of drivers continue to fill up the tank. The rest are cutting back spending on […]

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Kıbrıs 30.04.2026 20:03

Mitsotakis says Cypriot university campus can help turn Greece into global education hub

Greek Prime Minister Kyriakos Mitsotakis on Thursday said that the opening of a campus of Cyprus’ University of Nicosia in Athens can help to transform his country into a global education hub, as he and President Nikos Christodoulides opened the university’s new campus. He used the opportunity to praise his own government’s decision to legalise […]

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Kıbrıs 30.04.2026 19:58

Cyprus’ youth talk money: how we talk (or don’t talk) about money with our families

By Panagiotis Kouzaris How often did you talk openly about money at home while growing up in Cyprus? In my experience, money was rarely discussed calmly in my family. Either we didn’t talk about it at all, or it appeared suddenly in moments of stress – when bills were due or something unexpected happened. Conversations […]

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Kıbrıs 30.04.2026 19:03

Letymbiotis dismisses calls for new ‘spy van’ investigation

Government spokesman Konstantinos Letymbiotis on Thursday dismissed calls led by Akel the investigation into the “spy van affair” to be reopened, instead insinuating that Akel had raised the matter to boost its polling numbers ahead of the parliamentary election. “I understand the period through which we are going, and I am sure that in the […]

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Kıbrıs 30.04.2026 19:01

Cyprus Symphony Orchestra branches out to rural locations

A new month is almost here and it brings… heat and a rejuvenated cultural agenda! A new wave of events is fast approaching as the calendar moves towards the hotter spring and summer months and it includes a series of concerts by the Cyprus Symphony Orchestra. Announcing its artistic programme for May and June, the […]

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Kıbrıs 30.04.2026 18:53

Investigator says no protective measures taken in 14-year-old’s suicide case

No protective measures were taken for 14-year-old Stylianos Constantinou despite years of warning signs, a criminal investigator told the Nicosia district court on Thursday during proceedings into the boy’s death in 2019. Responding to a direct question from the prosecution, investigator Andreas Andreou gave a laconic answer, stating “no” when asked whether any action had […]

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Kıbrıs 30.04.2026 18:18

Unions call for unity, fair wages and social justice in May Day messages

“Common struggle for a common homeland, against wars and exploitation” is the central message of labour union Peo for May Day, as trade unions across Cyprus issued calls for unity, improved working conditions and stronger social protection. In its statement, Peo urged mobilisation of all workers, regardless of colour, religion or ethnic origin, stressing that […]

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Kıbrıs 30.04.2026 18:12

Alphabet shares jump 6 per cent as AI drives record Google Cloud growth

Alphabet topped Wall Street estimates for quarterly revenue on Wednesday, as enterprise spending on artificial intelligence delivered the best quarter of reported growth for its cloud unit yet. Shares of the ​company were up more than 6 per cent in extended trading. The Google parent company’s total revenue rose 22 per cent to $109.9 billion […]

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Kıbrıs 30.04.2026 18:07

Letymbiotis: Christodoulides sits at negotiations as president of the republic

Nikos Christodoulides sits at negotiations for a resolution to the Cyprus problem not only as the leader of the Greek Cypriot community, but as the president of the Republic of Cyprus, government spokesman Konstantinos Letymbiotis said on Thursday. “The president of the Republic of Cyprus is sitting at the negotiating table as the leader of […]

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