Cyprus Mail

Kıbrıs 18.05.2026 11:26

Cyprus: safe haven or temporary stop for capital?

Whenever the Middle East enters a period of tension, the same assumption almost automatically resurfaces: that Cyprus will become an immediate recipient of capital inflows and that the real estate market will rise almost by default. Reality, however, is more complex and far less dramatic than this simplified narrative suggests. Cyprus does indeed possess substantial […]

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Kıbrıs 18.05.2026 11:25

Summer starts here at Cavo Maris

Dear Guests, Summer has arrived at Cavo Maris. Longer days, warmer evenings, and everything that makes a holiday in Cyprus special – right by the sea in Protaras. Whether you’re planning a relaxing break, a family holiday, or a few days away to recharge, Cavo Maris offers the perfect setting to enjoy summer at your […]

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Kıbrıs 18.05.2026 11:11

Putin faces ‘very difficult choices’ in Ukraine as sanctions bite, Estonia’s spy chief says

Russian President Vladimir Putin has few good options in Ukraine with his armed forces unable to advance significantly on the battlefield while Western sanctions are chipping away at his resources, Estonia’s foreign intelligence chief has said. Kaupo Rosin, a top spy on NATO’s eastern flank, told Reuters Russia was losing more men than it was […]

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Kıbrıs 18.05.2026 11:10

Cyprus remains among the most vulnerable to continued Hormuz closure

The US-Iran ceasefire remains in place, but President Trump’s repeated warnings keep oil prices high, over $110/b. The much-heralded Trump-Xi summit in Beijing was more of a show than substance and did not produce any breakthroughs. China said that finding a solution to the conflict is beneficial to both the US and Iran, but Xi […]

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Kıbrıs 18.05.2026 11:10

Elam denounces billboard vandalism amid campaign tensions

Far-right party Elam has reported new incidents of vandalism targeting its campaign materials and candidate offices, alleging that the actions attempt to undermine the party ahead of the parliamentary elections on Sunday. In a statement issued on Monday, the party said that “attacks on candidate headquarters were recorded, as well as vandalism of signs of […]

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Kıbrıs 18.05.2026 11:06

Cyprus watchdog issues warning over unlicensed trading platforms

The Cyprus Securities and Exchange Commission (CySEC) has issued a warning to investors regarding a number of websites operating without authorisation to provide investment services. The regulator stated that the websites topmarketsolution.com, cfdcapita.com, and globaletradecif.com are not linked to any entity licensed under Cyprus law to offer investment services or carry out investment activities. CySEC […]

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Kıbrıs 18.05.2026 10:57

Cyprus regulator clears CTC takeover bid for Ermes

The Cyprus Trading Corporation Plc (CTC) on Monday announced that the Cyprus Securities and Exchange Commission (CySEC) has approved the public offer document for its proposed acquisition of Ermes Department Stores PLC (ERMES). The approval, officially granted on May 15, 2026, allows the company to proceed with the publication of the document under the provisions […]

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Kıbrıs 18.05.2026 10:49

Earthquake hits southwest China; thousands evacuate, buildings collapse

A magnitude 5.2 earthquake in China’s southwest region of Guangxi early on Monday killed two and forced more than 7,000 in the city of Liuzhou to evacuate as search and rescue operations continue and authorities warn of transport disruptions. There were two confirmed deaths with one still missing, and four people were sent to the […]

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Kıbrıs 18.05.2026 10:38

Investment firm buys back own shares under AGM mandate

Investment firm Demetra Holdings Plc on Monday announced that it completed the repurchase of 6,880 of its own shares through the Cyprus Investment & Securities Corporation Limited (CISCO) during a trading session on May 15. During the trading session, the company absorbed several blocks of shares from the secondary market, securing all 6,880 shares at […]

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Kıbrıs 18.05.2026 10:31

Arsenal in high spirits for run-in, says Arteta

Arsenal’s season appeared on the brink of collapse last month but a run of good results has worked wonders for their mood, with manager Mikel Arteta saying on Thursday that his team are entering the season’s final games in the perfect state of mind. A League Cup final defeat by title rivals Manchester City in […]

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Kıbrıs 18.05.2026 10:29

Genikes Insurance secures dual honours at global awards

Genikes Insurance on Monday announced that it was named Best General Insurance Company in Cyprus at the Global Banking and Finance Awards 2026, while also securing the title of Best Insurance Website Cyprus for the same year. The company said the dual recognition underscores its continued momentum and reflects a “strong upward trajectory” in both […]

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Kıbrıs 18.05.2026 10:26

Rai’s knockout punch in Rocky’s backyard ends century-long English drought

Down the road from the city that produced one of Hollywood’s ultimate underdog stories, Aaron Rai wrote an equally inspiring script at the PGA Championship on Sunday, delivering the knockout punch to become the first Englishman to win the Wanamaker Trophy since 1919. Rai came into the week a little-known long shot to win but […]

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Kıbrıs 18.05.2026 10:26

Veteran journalist to present ‘Profiles – People Worth a Page’ in May book launch

Thirty-eight interviews, one for each of her years in journalism, have been included by Annie Charalambous in her book titled Profiles – People Worth a Page, to be presented in the coming days. “The selection of these thirty-eight texts, written between 2008 and 2018, was a bittersweet yet enjoyable experience, just as any journey through […]

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Kıbrıs 18.05.2026 10:22

West Ham on brink of relegation after Newcastle flop

West Ham United coach Nuno Espirito Santo admitted that his side’s chances of staying in the Premier League were fading fast after Sunday’s 3-1 defeat by Newcastle United left them two points adrift of the safety zone with one game left to play. If 17th-placed Tottenham Hotspur beat Chelsea on Tuesday, they will condemn their […]

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Kıbrıs 18.05.2026 10:18

Forest fire aircraft exercise in Troodos scheduled for Tuesday

A coordinated forest fire response exercise will take place over the Troodos village of Kapedes tomorrow between 11.00am and 12.00pm, with aircraft and ground units taking part in a planned operational drill. The forestry department said the exercise, named ‘Ifestos’ after the ancient Greek god of fire, will be conducted in as part of national […]

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Kıbrıs 18.05.2026 10:11

Power outage in parts of Nicosia after fault in distribution network

Parts of Nicosia were left without electricity on Monday morning after a fault affected sections of the distribution network, with restoration work underway and supply expected to resume within hours. The electrical authority said the interruption began at around 8.00pm and affected areas including Kokkinotrimithia and Aglandjia. Residents reported sudden loss of power across households […]

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Kıbrıs 18.05.2026 10:05

Air conditioning delay in schools as electricians warn of grid strain

Plans to install air conditioning in public schools are facing delays, with electrical contractors warning that technical constraints and grid limitations could prevent systems from operating during the summer, even as authorities insist the programme is progressing across districts. Speaking on Alpha TV on Monday, the electricians’ union present, George Kyriakou, raised concerns over both […]

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Kıbrıs 18.05.2026 10:00

Accordion Festival moves into town

Relocating to town for the first time this year, the Accordion Festival returns renewed this summer. Held between June 5 and 7, the festival’s concerts, workshops, exhibitions and actions will extend throughout the old neighbourhood of Aglandjia in Nicosia. Apart from live music concerts on all three evenings, the festival also includes seminars where experts […]

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Kıbrıs 18.05.2026 09:57

Synod seeks to clamp down on election process following Tychikos scandal

The synod has begun examining proposed changes to the Church charter as part of a three-day session that will determine procedural reforms linked to the forthcoming election for next bishop of Paphos, with discussions also expected over the handling of suspended former bishop Tychikos. Meeting in Nicosia on Monday, members are reviewing amendments circulated in […]

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Kıbrıs 18.05.2026 09:51

AZA Law had to prove damage no one could see. The jury valued it at $41.8 million

Subsurface contamination doesn’t leave a mark anyone can photograph. It accumulates underground over years, detectable only through wellbore samples, pressure readings, and reservoir simulations. When SilverBow Resources and El Dorado Gas & Oil went to trial against ETC Field Services in McMullen County in February 2023, AZA Law and co-counsel from Hogan Thompson put more […]

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Kıbrıs 18.05.2026 09:39

Patras road in Yermasoyia closed for pipeline works until Wednesday

A section of Patras Street in Yermasoyia remains fully closed as connection works continue for a new water reservoir pipeline, with reopening expected by Wednesday at 5.00pm. Limassol municipality said the closure began last Friday, with works focused on linking the new Yermasoyia water reservoir pipeline to an existing water supply network running beneath the […]

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Kıbrıs 18.05.2026 09:35

Turkish Cypriot businessman named in illegal betting investigation

Turkish media reports have identified British Turkish Cypriot businessman Burak Basel as the alleged central figure behind what authorities describe as a global illegal betting and online gambling network with estimated monthly revenues of up to $3 billion. Turkish newspaper Sabah reported on Monday that an investigation by the Istanbul prosecutor’s office uncovered what it […]

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Kıbrıs 18.05.2026 09:26

Paphos reservoirs above 50 per cent capacity after rainfall

Reservoir levels across Paphos have risen above 50 per cent following four months of sustained rainfall, with the Mavrokolymbos dam reaching 89.8 per cent capacity after standing empty last year due to structural damage. According to figures released by the water development department (WDD) on Monday, updated figures showed major improvements in water reserves across […]

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Kıbrıs 18.05.2026 09:20

Michaelides admits potential ‘injustice’ over Papadakis dismissal

Alma leader Odysseas Michaelides said on Monday that his party may have treated former MEP Demetris Papadakis unfairly when it removed him from its parliamentary election ballot, while insisting the movement acted under pressure from serious allegations linked to the ‘Sandy’ case. In an interview with Sigma, Michaelides said “it is not excluded that we […]

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