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The digital euro: a geopolitical shield and sovereign risk
Kıbrıs Cyprus Mail

The digital euro: a geopolitical shield and sovereign risk

Scheduled for a 2029 debut, the digital euro is designed to fundamentally redefine European finance as the digital twin of physical cash. Functioning as the third pillar of the European monetary base, this state-backed central bank digital currency (CBDC) will maintain permanent, one-to-one parity with the physical euro. While the European Central Bank (ECB) oversees […]

13.05.2026 08:30
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Nvidia CEO joins Trump’s mission to ‘open up’ China
Kıbrıs Cyprus Mail

Nvidia CEO joins Trump’s mission to ‘open up’ China

President Donald Trump picked up Nvidia CEO Jensen Huang in Alaska en route to a high-stakes Beijing summit with China’s Xi Jinping, while his top trade negotiator Scott Bessent began preparatory talks with Chinese officials in South Korea. With his public approval ratings bruised by the Iran war, Trump embarks on his first visit to […]

13.05.2026 08:19
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Bank of Cyprus draws strong backing from analysts after first quarter results
Kıbrıs Cyprus Mail

Bank of Cyprus draws strong backing from analysts after first quarter results

The Bank of Cyprus maintained its position as one of the strongest banking investment stories in the region during the first quarter of 2026, with both Deutsche Bank and Euroxx Securities reiterating positive recommendations following the lender’s results. Indeed, the Bank of Cyprus continued to receive strong backing from international analysts, driven by credit expansion, […]

13.05.2026 08:02
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Cyprus Business Now: property, betting, shipping, Invest Cyprus, CSE, airports
Kıbrıs Cyprus Mail

Cyprus Business Now: property, betting, shipping, Invest Cyprus, CSE, airports

Cyprus’ betting market continued to strengthen in the fourth quarter of 2025, with total gross revenue from Class A and Class B operators rising by 22 per cent year-on-year to €395.5 million, according to figures released by the National Betting Authority (NBA).  The figure compares with €323.2m in the corresponding period of 2024, confirming the continued expansion of the sector. […]

13.05.2026 07:30
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TechIsland advances wildfire recovery work in Souni
Kıbrıs Cyprus Mail

TechIsland advances wildfire recovery work in Souni

TechIsland announced this week that it has completed another phase of its wildfire recovery programme in Souni, as part of a broader initiative launched following the devastating wildfires that struck Cyprus in the summer of 2025. The non-profit association said the programme, backed by contributions from more than 60 technology companies and individuals, focuses on […]

13.05.2026 06:50
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Cyprus-linked shipowner expands green fleet with 2029 delivery agreements
Kıbrıs Cyprus Mail

Cyprus-linked shipowner expands green fleet with 2029 delivery agreements

Safe Bulkers has ordered four Japanese-built dry bulk vessels, including its first Capesize newbuilding, as the Cyprus-linked shipowner continues to renew its fleet with more fuel-efficient and environmentally advanced ships.  The NYSE-listed company said it had entered into recapitulation agreements for the acquisition of three 82,000 dwt Kamsarmax vessels and one 182,000 dwt Capesize vessel, all scheduled for delivery […]

13.05.2026 06:30
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Cyprus compliance professionals and Mokas sign partnership agreement
Kıbrıs Cyprus Mail

Cyprus compliance professionals and Mokas sign partnership agreement

The anti-money laundering unit (Mokas) and the Cyprus Compliance Association (CCA) recently signed a strategic memorandum of understanding (MoU), aimed at strengthening cooperation and practical engagement in the prevention and combatting of financial crime and terrorist financing in Cyprus. According to a statement released by the CCA, the agreement, signed on May 8, reflects “the […]

13.05.2026 06:10
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Cyprus academic invited to EU finance ministers meeting
Kıbrıs Cyprus Mail

Cyprus academic invited to EU finance ministers meeting

President of the Cyprus Centre for European and International Affairs and University of Nicosia professor Andreas Theofanous will deliver a presentation at the informal ECOFIN Council of European Union finance ministers in Nicosia on May 22, 2026. According to an announcement released this week, the meeting is being organised within the framework of the Cypriot […]

13.05.2026 06:00
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Do dragons visit your garden?
Kıbrıs Cyprus Mail

Do dragons visit your garden?

By Mary Michaelides Dragonflies have been around for about 300 million years – long before the dinosaurs. They were among the first flying insects to appear on Earth. They entered my life in 2017 and have changed it dramatically. I always had a soft spot for dragonflies. I found them magically beautiful, but when I […]

13.05.2026 04:24
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Our View: Action repeatedly promised on C-sections but nothing ever gets done
Kıbrıs Cyprus Mail

Our View: Action repeatedly promised on C-sections but nothing ever gets done

Officials often say the right things to the right audience and then promptly do nothing. Take the shockingly high number of caesarean sections carried out in Cyprus, for example. The latest ‘intervention’ on C-sections came on Saturday when Health Minister Neophytos Charalambides told his audience that their number in Cyprus remains particularly high and continues […]

13.05.2026 04:20
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EU stronger when built with its young people, Cyprus education minister says
Kıbrıs Famagusta Gazette

EU stronger when built with its young people, Cyprus education minister says

Europe is stronger when it is built together with its young people, Cyprus Education Minister Athina Michaelidou said Monday after the conclusion of the EU Education Council in Brussels. Michaelidou said the Council adopted several important decisions in the fields of education and youth. She noted that under the Cypriot EU presidency, particular emphasis has […]

12.05.2026 23:45
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Mourinho close to dramatic Real Madrid return
Kıbrıs Cyprus Mail

Mourinho close to dramatic Real Madrid return

Jose Mourinho is in advanced negotiations to return to Real Madrid as head coach, with the Portuguese manager emerging as the club’s preferred candidate following a disappointing season at the Bernabeu. Talks intensified on Tuesday as club president Florentino Perez continued discussions with Mourinho’s representatives over a potential deal which would bring the 63-year-old back […]

12.05.2026 22:54
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Hormuz standoff drives oil higher as US-Iran peace hopes ebb
Kıbrıs Cyprus Mail

Hormuz standoff drives oil higher as US-Iran peace hopes ebb

Hopes for a peace agreement between the United States and Iran faded further on Tuesday after President Donald Trump said the ceasefire was “on life support” following Tehran’s rejection of a US proposal aimed at ending the conflict. Trump dismissed Iran’s response in sharp terms, telling reporters the document sent by Tehran was “garbage” and […]

12.05.2026 22:50
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Eurovision gets off to tense start, overshadowed by Israel controversy
Kıbrıs Cyprus Mail

Eurovision gets off to tense start, overshadowed by Israel controversy

The Eurovision Song Contest began under heightened political tension in Vienna on Tuesday as the first semi-final took place amid controversy over Israel’s participation and broadcaster boycotts linked to the war in Gaza. Five countries including Spain, the Netherlands, Ireland, Iceland and Slovenia withdrew from this year’s competition in protest at Israel’s involvement, reducing the […]

12.05.2026 22:47
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Dolphin sightings increase in Cypriot waters
Kıbrıs Cyprus Mail

Dolphin sightings increase in Cypriot waters

Schools of dolphins are being spotted more frequently in Cypriot waters, prompting the fisheries department to issue fresh guidance to boat operators aimed at protecting the animals and reducing disturbance at sea. In a statement issued on Tuesday, the department described the increased presence of dolphins as “a particularly positive and encouraging phenomenon for the […]

12.05.2026 22:35
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Christodoulides says Cyprus solution plan could be ready by end of year
Kıbrıs Cyprus Mail

Christodoulides says Cyprus solution plan could be ready by end of year

President Nikos Christodoulides said on Tuesday that developments in the Cyprus problem could lead to a concrete settlement plan before the end of 2026, revealing that a new United Nations initiative is already under way. In an interview with Alpha TV, Christodoulides described an intensified diplomatic effort taking place behind closed doors and said the […]

12.05.2026 22:28
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Israeli embassy warns against divisive rhetoric over presence in Cyprus
Kıbrıs Cyprus Mail

Israeli embassy warns against divisive rhetoric over presence in Cyprus

The State of Israel’s embassy in Cyprus said on Tuesday that it is concerned by what it described as attempts to portray Israeli investments and presence in Cyprus in a negative and threatening light. Ambassador Oren Anolik said the relationship between Israel and Cyprus is based on cooperation and close ties, describing it as “a […]

12.05.2026 21:05
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Cyprus, EU commissioner discuss housing and energy priorities
Kıbrıs Famagusta Gazette

Cyprus, EU commissioner discuss housing and energy priorities

President Nikos Christodoulides highlighted EU housing programs during a meeting with European Commissioner for Energy and Housing Dan Jørgensen at the Presidential Palace. Christodoulides said energy remains a top priority for the European Union. Jørgensen welcomed the fact that housing is high on the agenda of the Cypriot EU presidency. Speaking after the meeting, he […]

12.05.2026 21:01
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Dozens of groups reject development plans at Famagusta port wetland
Kıbrıs Cyprus Mail

Dozens of groups reject development plans at Famagusta port wetland

Thirty-five organisations in the north have voiced opposition to planned development works in the coastal and wetland zone near the port of Famagusta, warning that the area must be protected for its environmental and cultural value. The coalition, which includes political parties, trade unions and associations, issued a joint statement on Tuesday calling for the […]

12.05.2026 20:53
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Cyprus expands firefighting defence with aircraft and AI warning systems
Kıbrıs Cyprus Mail

Cyprus expands firefighting defence with aircraft and AI warning systems

Cyprus will deploy 13 firefighting aircraft this summer alongside new artificial intelligence detection systems and a nationwide SMS alert network, fire brigade chief Nikos Logginos said on Tuesday following a roundtable discussion at the presidential palace on wildfire preparedness. The meeting, chaired by President Nikos Christodoulides, reviewed operational capabilities and preventative measures ahead of the […]

12.05.2026 20:40
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Jorgensen stresses EU’s ‘crystal clear’ commitment to interconnector
Kıbrıs Cyprus Mail

Jorgensen stresses EU’s ‘crystal clear’ commitment to interconnector

European Energy Commissioner Dan Jorgensen on Tuesday stressed the European Commission’s “crystal clear” commitment to the planned Great Sea Interconnector project, which, if completed, will link the energy grids of Cyprus, Greece, and Israel. “The European Commission has always supported and keeps supporting the Great Sea Interconnector as a key strategic energy link,” he told […]

12.05.2026 20:35
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Farmers remain at odds with government over FMD compensation
Kıbrıs Cyprus Mail

Farmers remain at odds with government over FMD compensation

Tensions between livestock farmers and the agriculture ministry continued on Tuesday following a discussion on compensation measures linked to the foot-and-mouth disease outbreak. The meeting, held at the ministry with agricultural organisations and the newly formed farmers’ group, “voice of the livestock breeders”, failed to produce full agreement, particularly on compensation terms and procedural issues. […]

12.05.2026 20:35
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