Cyprus Mail

Kıbrıs 27.07.2026 08:00

Trade uncertainty prompted cautious credit practices among euro area banks

The European Central Bank (ECB) said banks across the euro area tightened lending conditions in 2025 as trade tensions, particularly those linked to exports to the United States, increased risks for businesses. The findings, published in an ECB blog post by economists Anastasia Allayioti, Alessandro Ferrari, Petra Köhler-Ulbrich and Matías Lamas Rodríguez, together with research […]

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Kıbrıs 27.07.2026 07:30

Global recorded music sales forecast to reach $56.8bn by 2030

Global recorded-music retail sales are expected to reach $48.3 billion in 2026, marking the 12th consecutive year of annual growth for the industry, according to new forecasts from research firm Omdia. The latest projections show the global recorded-music market continuing its expansion, with sales expected to surpass the $50 billion milestone in 2027 before reaching […]

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Kıbrıs 27.07.2026 07:00

Euro area banks tighten lending standards further

Euro area banks tightened lending standards again in the second quarter of 2026, while business borrowing picked up slightly and household demand for loans weakened, according to the European Central Bank’s (ECB) latest bank lending survey. The ECB said credit standards, which reflect banks’ internal lending guidelines and loan approval criteria, became moderately stricter for […]

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Kıbrıs 27.07.2026 06:30

EU sets October 2027 deadline for single-day trade settlement shift

The European Securities and Markets Authority (ESMA) has urged financial market participants to accelerate preparations for the European Union’s transition to a T+1 settlement cycle, warning that 2026 will be a decisive year ahead of the change scheduled for October 2027. The EU securities regulator published a statement outlining key deadlines and action points designed […]

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Kıbrıs 27.07.2026 06:00

Global AI rules shift from strategy to enforcement

Effective enforcement mechanisms will be crucial to the credibility and success of artificial intelligence regulation, according to a new Omdia analysis examining AI policies and regulatory frameworks across major global markets. The findings were published in Omdia’s report, AI Regulation: Analysis of Global Policies and Regulatory Frameworks, alongside regional case studies covering the Americas, Asia […]

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Kıbrıs 27.07.2026 04:24

Pension reform proposal to be finalised by August 5, minister says

The government’s final proposal for pension reform is expected to be decided by August 5, after Labour Minister Marinos Mousiouttas meets Finance Minister Makis Keravnos, the labour minister said on Sunday. Mousiouttas said the draft bill would then be discussed with President Nikos Christodoulides before being released for public consultation. The government is aiming to […]

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Kıbrıs 27.07.2026 04:20

Adaptive federalism: a new constitutional design for Cyprus

As the United Nations Secretary General prepares to visit Cyprus, perhaps the most important question is not simply whether Cyprus can be reunited, but what kind of constitutional architecture could enable reunification to endure. For more than half a century, Cyprus has searched for the right formula. The greatest obstacle may no longer be the […]

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Kıbrıs 26.07.2026 20:29

Iran will halt attacks as long as US maintains pause, Iranian source says after Trump calls off strikes

Iran will halt its own attacks as long as the United States maintains its latest pause on air strikes, a senior Iranian official told Reuters on Sunday, after President Donald Trump abruptly called off his two-week-old bombing campaign. After 13 nights of intensifying U.S. air strikes on Iran, the Pentagon abruptly suspended the campaign late […]

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Kıbrıs 26.07.2026 20:20

Suspect in Berlin Pride attack shot dead by police in Berlin suburb, broadcaster says

The suspect in the Berlin Pride attack has been shot and killed during a police operation at an allotment garden complex in the Berlin suburb of Spandau, broadcaster rbb reported on Sunday. Berlin police could not immediately comment on the report. More later

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Kıbrıs 26.07.2026 20:14

Champion Norris hands McLaren first win of 2026

Formula One champion Lando Norris celebrated McLaren’s first victory of the season in Hungary on Sunday while Mercedes’s Kimi Antonelli extended his overall lead to 50 points after a day of damage limitation. Red Bull’s Max Verstappen was runner-up, 15.080 seconds behind the Briton, with Antonelli third after a likely McLaren one-two evaporated when Oscar […]

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Kıbrıs 26.07.2026 18:20

Courtois welcomes Van Bommel’s appointment as Belgium coach

Belgium goalkeeper Thibaut Courtois has welcomed the appointment of Mark van Bommel as the country’s new coach and said he would talk to him about whether he continues his international career. Van Bommel was appointed only weeks after Belgium’s quarter-final exit at the World Cup effectively cost Rudi Garcia his job with the French-born coach […]

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Kıbrıs 26.07.2026 17:55

Peace initiative plans bicommunal rallies during Guterres visit

A bicommunal peace group has called for parallel demonstrations in north and south Nicosia on Monday to coincide with UN Secretary-General Antonio Guterres’ visit to Cyprus, urging renewed efforts to reunify the island under a federal settlement. The Bi-communal Peace Initiative – United Cyprus said the rallies, to be held under the slogan “Federal Solution […]

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Kıbrıs 26.07.2026 17:30

From your own home to a care home

Parents often joke about nearing care home age when getting out of the car requires a grunt or two, while their children likewise quip that they should be treated well because it is they who will be choosing their parent’s retirement homes. But when that time comes, what matters most? Quality and prices differ from […]

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Kıbrıs 26.07.2026 16:50

Energy may be Cyprus govt’s biggest economic challenge

With the energy sufficiency problems and power cuts that Cyprus is currently facing, energy will be one of the defining issues for the next government. The challenge extends beyond individual projects. The real task is to develop and implement a coherent long-term strategy capable of delivering secure, affordable and competitive energy. Cyprus has pursued imported […]

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Kıbrıs 26.07.2026 16:07

The truth about Cyprus’ forgotten war crimes

There is a Turkish Cypriot saying that goes, ‘The one who told the truth was driven out of nine villages’. Perhaps no one in Cyprus embodied this more than the late Sevgül Uludag, who spoke the truth even when it made her unpopular. A Turkish Cypriot journalist who wrote for Yenidüzen and Politis, she spent […]

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Kıbrıs 26.07.2026 15:46

Russian betting company ties spark resistance to appointing Pirlo as Italy coach

Andrea Pirlo’s possible appointment as Italy head coach has hit political resistance over his commercial ties to a Russian betting company. The 47-year-old World Cup winner had emerged as the leading candidate to succeed Gennaro Gattuso after former Manchester City manager Pep Guardiola reportedly turned down the position. However, key figures in the Italian Football […]

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Kıbrıs 26.07.2026 15:15

Cyprus government policies are mean and unfair

Article 9 of the Constitution of the Republic of Cyprus states that “Every person has the right to a decent existence and to social security. A law shall provide for the protection of the workers, assistance to the poor and for a system of social insurance”. However, Eurostat data reveals that in 2025 17.1 per […]

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Kıbrıs 26.07.2026 14:51

Federalism teaches that diversity is not a problem to solve

By Christoph Burgener In this excerpt from his speech, at the reception for the Swiss National Day, Ambassador of Switzerland, Christoph Burgener, sings the praises of the federal system of government which has served the Swiss very well over the years. There are some lessons for Cyprus. Every year we celebrate the National Day of […]

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Kıbrıs 26.07.2026 14:51

Kyiv hit with missiles; Russia and Ukraine both report civilians killed in strikes

The Ukrainian capital Kyiv came under ballistic missile attack from Russian forces early on Sunday, while other regions suffered bombardments later during the day that killed two people. Russia, for its part, said four people were killed by a Ukrainian drone strike in the Russian-occupied Ukrainian city of Horlivka. Ukraine’s air force said Russian forces […]

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Kıbrıs 26.07.2026 14:45

Prison inmate on leave arrested over €6,000 restaurant burglary

A 56-year-old inmate was arrested in the early hours of Sunday while on authorised leave after allegedly being involved in the burglary of a restaurant in Paphos and the theft of around €6,000. According to the justice ministry, the man had been granted temporary leave to visit his family in Paphos. Following his arrest, he […]

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Kıbrıs 26.07.2026 14:39

As campsites disappear, where can campers go?

For generations, camping has been one of the simplest and most affordable ways to experience the island. A tent, a few days away from the city and a chance to wake up beneath pine trees or beside the sea have long formed part of summer life for families, students and outdoor enthusiasts. This summer, however, […]

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Kıbrıs 26.07.2026 14:11

Malaysia to make F1 comeback in October as host of Bahrain GP

Malaysia’s Sepang circuit will host a rescheduled Bahrain Grand Prix in October, Formula One announced on Sunday. The Liberty Media-owned sport said in a statement at the Hungarian Grand Prix that the October 4 race at the circuit near Kuala Lumpur’s international airport would officially be designated the ‘Gulf Air Bahrain Grand Prix in Malaysia’. […]

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Kıbrıs 26.07.2026 13:46

Storage batteries to arrive in Cyprus by January 2027, energy minister says

Electricity storage batteries are expected to arrive in Cyprus in January 2027, with installations due to be completed before the summer, Energy Minister Michael Damianos said on Sunday. Damianos said contracts had already been signed with the supplier and the Transmission System Operator (TSO) for the battery storage project. Once operational, the facilities will add […]

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Kıbrıs 26.07.2026 13:45

Festival presents exceptional selection of documentaries

In just a few weeks, Cyprus’ longstanding festival dedicated to documentary cinema returns and its programme has been unveiled. A curated selection of films will be screened at Ceronia Hall – Lanitis Carob Mill from August 1 to 8, touching on diverse social topics and themes. Documentaries that reveal both the dramatic and the humorous […]

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