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Hormuz evacuation pauses, again, as danger refuses to pause
Kıbrıs Cyprus Mail

Hormuz evacuation pauses, again, as danger refuses to pause

The International Maritime Organisation (IMO) has temporarily suspended its evacuation plan for vessels trapped in the Persian Gulf after an attack on a merchant ship in the Gulf of Oman, raising fresh concerns for seafarers, shipowners and major maritime centres such as Cyprus and Greece.  The UN shipping agency said the decision was taken after a vessel that had passed through […]

26.06.2026 08:19
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Michelin plant closure points to wider tyre market squeeze
Kıbrıs Cyprus Mail

Michelin plant closure points to wider tyre market squeeze

French tyre maker Michelin will close its BFGoodrich plant in Tuscaloosa, Alabama, by the end of 2028, affecting around 1,200 workers, as global tyre manufacturers continue to adjust to weaker demand, underused capacity and intensifying competition.  The company said production at the site will be reduced in phases from early 2027, with almost all BFGoodrich output transferred to its plant in Fort Wayne, Indiana. Michelin said […]

26.06.2026 08:07
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Venezuela races to rescue hundreds trapped in rubble after major twin earthquakes
Kıbrıs Cyprus Mail

Venezuela races to rescue hundreds trapped in rubble after major twin earthquakes

Hundreds of people in Venezuela were trapped under rubble and many more remained unaccounted for on Thursday after two powerful earthquakes devastated areas in and around the capital Caracas, killing hundreds, damaging buildings and leaving thousands homeless. A magnitude 7.2 earthquake struck about 160 km (100 miles) west of Caracas on Wednesday evening, followed less […]

26.06.2026 08:05
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Climate extremes threaten Mediterranean agricultural and tourism sectors
Kıbrıs Cyprus Mail

Climate extremes threaten Mediterranean agricultural and tourism sectors

Researchers link climate events to regional economic output Extreme heat waves and droughts are increasingly threatening economic growth across the European Union, with the agricultural sector in regions such as Cyprus facing substantial risks from compounding climate shocks, a new study published by the European Central Bank (ECB) has revealed. The research, which analysed 1,117 […]

26.06.2026 08:02
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Resilient tourism and corporate lending fuel growth for banking sector, says UBS
Kıbrıs Cyprus Mail

Resilient tourism and corporate lending fuel growth for banking sector, says UBS

Greek lenders, some of which also operational in Cyprus, remain on course for strong growth despite geopolitical tensions in the Middle East and concerns over the tourism season, with UBS saying that resilient tourism trends and continued corporate lending expansion are supporting the sector’s outlook. In a recently published piece of analysis, the findings of […]

26.06.2026 07:40
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Cyprus Business Now: real estate, tourism, seafarers, CySEC, customs duty, fuel
Kıbrıs Cyprus Mail

Cyprus Business Now: real estate, tourism, seafarers, CySEC, customs duty, fuel

Construction prices for new residential buildings in Cyprus climbed to their highest level on record in 2025, according to new Eurostat data, reflecting a broader increase in building costs across the European Union over the past decade. The numbers were published in the 2026 edition of Eurostat’s Key Figures on European Business, which brings together data on business activity, investment, productivity, […]

26.06.2026 07:30
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EU green bond oversight tightens with new reviewer list
Kıbrıs Cyprus Mail

EU green bond oversight tightens with new reviewer list

The European Securities and Markets Authority (ESMA), acting as the financial markets regulator and supervisor for the European Union (EU), has published the official register of firms authorised to act as external reviewers of European Green Bonds. External reviewers are considered essential in ensuring that the proceeds from European Green Bonds are allocated strictly in […]

26.06.2026 07:00
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IATA urges action as aircraft supply chain failures cost airlines $11bn
Kıbrıs Cyprus Mail

IATA urges action as aircraft supply chain failures cost airlines $11bn

The International Air Transport Association (IATA) has identified four priorities to tackle persistent failures in the aerospace supply chain, warning that delivery delays, parts shortages and constrained maintenance capacity are continuing to disrupt airline operations and raise costs.  The priorities were presented at the inaugural IATA World Maintenance and Engineering Symposium in Madrid, where the association called for stronger supply chain […]

26.06.2026 06:00
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Limassol set to launch smart parking system in early July
Kıbrıs Cyprus Mail

Limassol set to launch smart parking system in early July

Limassol is preparing to launch its new smart parking system in early July as installation work continues across the city centre. The project is intended to modernise parking management, improve traffic flow and make it easier for drivers to find available spaces in some of the city’s busiest areas. First announced by the Limassol municipality […]

26.06.2026 04:25
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UN pauses Hormuz evacuation plan after ship reports attack
Kıbrıs Cyprus Mail

UN pauses Hormuz evacuation plan after ship reports attack

The U.N. International Maritime Organization paused its operation to escort ships through the Strait of Hormuz on Thursday after a vessel reported an attack, reigniting fears over a preliminary deal to end the Iran war. The cargo ship said it was hit close to Oman by a projectile, British navy agency UKMTO said, hours after […]

25.06.2026 23:03
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Kombos: Cyprus ‘not organising’ Gaza Executive Board meeting
Kıbrıs Cyprus Mail

Kombos: Cyprus ‘not organising’ Gaza Executive Board meeting

The government on Thursday again sought to distance itself from the upcoming meeting in Cyprus of the Gaza Executive Board, with Foreign Minister Constantinos Kombos stressing that the island is merely the venue for the gathering. The Executive Board will hold a two-day summit in Cyprus next week – on June 30 and July 1. […]

25.06.2026 21:24
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Nurses shortage prompts proposal to hire non-EU nationals
Kıbrıs Cyprus Mail

Nurses shortage prompts proposal to hire non-EU nationals

Cyprus faces a dearth of nurses at state hospitals, the health minister said on Thursday, proposing that one quick fix could be to hire people from non-EU countries. Speaking in parliament, Neofytos Charalambides revealed that state hospitals in total have a shortage of about 600 nursing staff. “Nurses are the backbone of the healthcare system,” […]

25.06.2026 20:28
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New event series launched last Sunday of the month
Kıbrıs Cyprus Mail

New event series launched last Sunday of the month

The Nicosia Municipal Theatre, at the heart of the city’s cultural life, launches a new series of free-entry events taking place on the last Sunday of every month. Starting from June 28, the series will last until the end of August, enriching Nicosia’s cultural summer calendar. From this week onwards, the outdoor spaces and garden […]

25.06.2026 19:40
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Police warn of scammers impersonating tax department
Kıbrıs Cyprus Mail

Police warn of scammers impersonating tax department

Police on Thursday advised the public to be wary of phishing emails, after an individual reported an attempt to steal their personal information by scammers impersonating the tax department. According to the complaint, the person received an email purporting to be from the tax department. The email ‘informed’ the recipient that he/she had just been […]

25.06.2026 18:45
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Airlines seek parts lifeline as supply chain strain deepens
Kıbrıs Cyprus Mail

Airlines seek parts lifeline as supply chain strain deepens

The International Air Transport Association (IATA) and the International Airlines Technical Pool (IATP) have agreed to cooperate in helping airlines improve their visibility of, and access to, aircraft parts, as supply chain problems continue to affect maintenance planning, fleet availability and costs.  The agreement comes as airlines face continuing pressure from shortages of serviceable materials, longer repair times and higher procurement costs across the aerospace […]

25.06.2026 18:32
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Appeal court suspends jail term in robbery case
Kıbrıs Cyprus Mail

Appeal court suspends jail term in robbery case

The court of appeal on Thursday suspended the prison sentence of a man convicted of robbery and conspiracy to commit a felony, stating that the court of first instance did not adequately consider his personal circumstances. The man had pleaded guilty to robbing a complainant of €60 using force, as well as to conspiracy related […]

25.06.2026 18:02
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Three arrested as police seize another 6.5kg of dried poppy bulbs
Kıbrıs Cyprus Mail

Three arrested as police seize another 6.5kg of dried poppy bulbs

Police arrested three people on Thursday after seizing more than 6.5kg of dried poppy bulbs during anti-drug operations in the Famagusta and Paphos districts. The arrests were made as part of ongoing investigations by the drug squad (Ykan) targeting the importation of narcotic substances through courier services. In Famagusta, officers arrested two men aged 35 […]

25.06.2026 17:54
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Former auditor general causes stir in first House appearance as MP
Kıbrıs Cyprus Mail

Former auditor general causes stir in first House appearance as MP

Former auditor-general Odysseas Michaelides stirred things up during his first appearance as MP at a House parliamentary committee on Thursday, demanding the Audit Office hand over internal documents. His target: his successor at the Audit Office, Andreas Papaconstantinou. Michaelides, who in September 2024 was sacked as auditor-general due to conduct unbecoming, demanded that the Audit […]

25.06.2026 17:30
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British retail sales record gloomiest June performance on record
Kıbrıs Cyprus Mail

British retail sales record gloomiest June performance on record

British retail sales slid further this month, with sales far below the norm expected for this ​time of year, according to a survey on ‌Thursday that added to signs of a slowdown underway in Britain’s economy. The Confederation of British Industry said its monthly retail ​sales balance, a gauge of sales volumes over ​the past […]

25.06.2026 17:07
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