Cyprus Mail

Kıbrıs 20.05.2026 08:32

Citi upgrades Eurobank outlook after strong first quarter

Citigroup has raised its target price for Eurobank to €5.00 from €4.70, maintaining a buy recommendation following stronger first-quarter results and an upgraded profitability outlook. The investment bank said that, based on a reference share price of €3.72 recorded on May 15, 2026, its base case implies an upside potential of 34.4 per cent, which […]

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Kıbrıs 20.05.2026 08:07

Two arrested in Nicosia drugs and illegal firearm investigation

Police in Nicosia arrested two men aged 22 and 19 as part of an investigation into drug offences and the illegal possession of a firearm. According to police, the 22-year-old was arrested under an outstanding court warrant linked to a separate case involving the seizure of 230 grammes of cannabis and cannabis resin, as well […]

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Kıbrıs 20.05.2026 08:03

China, Russia leaders signal closer partnership in high-profile Beijing talks

China and Russia’s leaderslauded on Wednesday the progress in their strategic ties, as they met in Beijing for summit talks where Moscow is expected to push for stronger energy links. President Xi Jinping welcomed President Vladimir Putin with an honour guard and a gun salute at the Great Hall of the People, as children waved […]

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Kıbrıs 20.05.2026 08:02

Cyprus house prices and rents outpace EU average as market pressure builds

Cyprus’ housing market is showing renewed signs of pressure, with house prices and rents rising faster than the EU average, even though households on the island remain less burdened by housing costs than many of their European counterparts, according to Eurostat data. The figures, drawn from Eurostat’s new Housing Dashboard and its Housing in Europe 2025 publication, point […]

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Kıbrıs 20.05.2026 07:58

Four arrested in overnight nationwide police operation

Police arrested four people overnight during a series of coordinated checks carried out across Cyprus as part of a nationwide enforcement operation targeting key urban areas. According to a police statement, the arrests were linked to a range of offences, including public drunkenness, causing a disturbance, traffic violations and illegal stay in the Republic. As […]

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Kıbrıs 20.05.2026 07:52

Chinese tankers exit Hormuz as Trump, Vance talk up Iran deal prospects

Two Chinese tankers laden with oil exited the Strait of Hormuz on Wednesday, shipping data showed, brightening hopes that the U.S.-Israeli conflict with Iran may soon be resolved after positive comments from the U.S. president and his deputy. President Donald Trump said on Tuesday the war would be over “very quickly” while Vice President JD […]

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Kıbrıs 20.05.2026 07:41

Christodoulides heads to India on official visit focused on investment and strategic ties

President Nikos Christodoulides departs for India on Wednesday for an official visit aimed at deepening bilateral relations, attracting investment, and advancing discussions around the India-Middle East-Europe Economic Corridor (IMEC). The visit comes at the invitation of Indian Prime Minister Narendra Modi, following Modi’s trip to Cyprus last year – the first by an Indian premier […]

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Kıbrıs 20.05.2026 07:31

Cyprus issue discussed in von der Leyen call with Erdogan

The Cyprus issue was among the topics discussed on Tuesday during a phone call between European Commission President Ursula von der Leyen and Turkish President Recep Tayyip Erdogan. In a post on X, von der Leyen said the two leaders also discussed the Eastern Mediterranean and the Cyprus issue, adding that “the EU stands ready […]

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Kıbrıs 20.05.2026 07:30

Cyprus Business Now: shipping, tech, planning permits, banks, Indian firms, LNG

Cyprus must focus on commercialising research into market-ready products, according to Rana K. Gupta, Executive Director of the MIT Deshpande Centre, who spoke to the Cyprus Mail ahead of his participation in the Cyprus Seeds Innovation Showcase in Limassol. The event, scheduled for May 22, 2026 at the Kolla Factory as part of the 2026 DOERS Summit, will bring together researchers, entrepreneurs and […]

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Kıbrıs 20.05.2026 07:17

Unsettled weather brings showers, thunderstorms and strong winds across Cyprus

A weak low-pressure system combined with an unstable air mass is affecting Cyprus, bringing unsettled weather conditions across the island. On Wednesday, skies will be mostly cloudy at intervals, with local showers expected in various areas. As the day progresses, particularly around midday and into the afternoon, developing cloud cover is likely to trigger isolated […]

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Kıbrıs 20.05.2026 07:00

Limassol’s Heroes Square redevelopment set for June delivery after delay

The redevelopment of Heroes Square and the surrounding streets in central Limassol is expected to be delivered on June 15, around a month later than initially planned, Limassol Mayor Yiannis Armeftis said.  Speaking to Entrepreneurial Limassol, a periodical published by the Limassol Chamber of Commerce (Evel), Armeftis said the main change brought by the project is the creation of […]

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Kıbrıs 20.05.2026 06:20

US regulator leans toward allowing stock token trading without issuer consent

The Trump administration plans to unveil a framework for trading tokenized or ​digital versions of securities, Bloomberg News has reported, citing people familiar with the matter. The US Securities and Exchange Commission ​is expected to release an “innovation exemption” for ​tokenized stocks as soon as this week, the ⁠report said. The move highlights the ​Trump […]

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Kıbrıs 20.05.2026 06:00

Bank of England weighs volume guardrails to replace stablecoin holding caps

The Bank of England is considering imposing “temporary guardrails” on stablecoin volumes that could be issued under its regulatory framework instead of holding limits, Deputy Governor Sarah Breeden said this week. “That approach could achieve the same aim at lower cost to the sector and allow a wider range of high-value payment use cases, including […]

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Kıbrıs 20.05.2026 04:24

Hands off Lake Paralimni

By Chris Englezou Lake Paralimni is not just another wetland. It is one of Cyprus’ most important natural ecosystems, a rare semi-permanent saline lake that supports migratory birds and a remarkable collection of specialised wildlife found nowhere else on the island. The lake is the most important remaining stronghold of the endemic Cyprus grass snake […]

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Kıbrıs 20.05.2026 04:20

Our View: Price alone does not attract consumers to a specific supermarket

Every few months the Consumers Association issues figures collected via e-kalathi which compare the prices of a range of products available in different supermarkets. In the latest edition, the association reported that in the first half of May, 182 product barcodes covering 31 product categories were subject to price rises ranging from 1 per cent […]

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Kıbrıs 19.05.2026 23:27

Arsenal crowned Premier League champions for first time in 22 years

Arsenal ended their 22-year wait to win the Premier League title on Tuesday when they were confirmed as champions following second-placed Manchester City’s 1-1 draw at Bournemouth. Leaders for almost the entire season, Mikel Arteta’s side are now four points clear with one game remaining and Sunday’s clash at Crystal Palace will now be a […]

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Kıbrıs 19.05.2026 22:32

Vance says US troop deployment to Poland has been delayed

Vice President JD Vance on Tuesday told reporters that a U.S. troop deployment to Poland had been delayed, but added it was not accurate to say that the troops were being withdrawn from Europe. Vance, at a White House briefing, said the United States wants to encourage Europe to “take more ownership” of the common […]

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Kıbrıs 19.05.2026 22:29

EOA proceeds with evacuation of dangerous buildings in Larnaca

The issuing of further evacuation orders for dangerous buildings will begin immediately, with residents to receive notices from Wednesday giving them three days to vacate, the Larnaca district government (EOA) said on Tuesday. “Within the framework of its responsibilities and with a view to protecting human life and public safety, [we are] immediately proceeding with […]

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Kıbrıs 19.05.2026 22:13

Veterinary service confirms first FMD case in Limassol

The veterinary service on Tuesday confirmed the first case of foot and mouth disease in the Limassol district. According to the veterinary services, the outbreak concerns a farm with around 60 goats and sheep in Pachna. The outbreak in Pachna brings the total number of cases to 117, with four new cases confirmed in livestock […]

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Kıbrıs 19.05.2026 21:49

UK allows diesel and jet fuel imports from Russian crude via sanctions carve-out

Britain will allow the import and provision of services linked to diesel and jet fuel refined abroad from Russian crude under a new general trade licence exempting specific products from sanctions restrictions. The licence issued on Tuesday grants exemptions where the fuels are processed in third countries but includes conditions such as record-keeping requirements for […]

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Kıbrıs 19.05.2026 21:11

‘Anti-Islamic writings’ found in car of California mosque shooting suspects

“Anti-Islamic writings” were found in a vehicle connected to the two teenage suspects in Monday’s shooting at the Islamic Center of San Diego that killed three people, according to a Department of Justice official with knowledge of the investigation. The alleged gunmen have been identified as Caleb Vasquez, 18, and Cain Clark, 17, the official […]

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Kıbrıs 19.05.2026 20:53

Vance says ‘a lot of progress’ made in Iran talks

U.S. Vice President JD Vance said on Tuesday the United States and Iran have made a lot of progress in their talks and neither side wants to see a resumption of the military campaign. “We think that we’ve made a lot of progress. We think the Iranians want to make a deal,” Vance told reporters […]

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Kıbrıs 19.05.2026 20:52

Trump’s Gaza board reports funding ‘gap’, urges quicker disbursement

The gap between funding pledges and disbursement for Donald Trump’s Gaza rebuilding plan must be closed urgently, the U.S. president’s “Board of Peace” has said in a report, identifying a potential cash crunch in a plan estimated to cost $70 billion. Trump set up the Board of Peace to oversee his ambitious plan to end […]

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Kıbrıs 19.05.2026 20:35

Israeli forces fired shots at Gaza flotilla, 48 boats intercepted

Israeli forces opened fire on at least two vessels in an aid flotilla sailing towards Gaza on Tuesday, according to video footage and flotilla organisers, but Israel said no live ammunition was used and there were no casualties. Video from the flotilla’s livestream showed soldiers firing shots at two of the boats. The type of […]

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