Kıbrıs Cyprus Mail

Cyprus Business Now: labour costs, passenger rights, crypto, Chevron, banking

Cyprus recorded a 3.7 per cent year-on-year increase in hourly labour costs during the first quarter of 2026, exceeding the euro area average, according to figures released by Eurostat. The increase in Cyprus was higher than the 3.2 per cent rise recorded across the euro area and slightly above the 3.6 per cent increase registered in the European […]

17.06.2026 07:30

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Kıbrıs Cyprus Mail

EBA reveals comprehensive plan to simplify EU banking capital framework

The European Banking Authority (EBA) on Tuesday published a comprehensive review of the European Union bank microprudential, macroprudential and resolution capital framework, as part of its ongoing simplification and efficiency programme. Building on previous initiatives from April, the EBA aims to reduce complexity for financial institutions while maintaining the resilience and resolvability of the European […]

17.06.2026 06:30

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Kıbrıs Cyprus Mail

Group J: Messi hat-trick equals scoring record as Argentina dazzle against Algeria

Lionel Messi scored a majestic hat-trick to equal the all-time World Cup scoring record, answering doubts about his influence at age 38 and firing up Argentina’s title defence with a 3-0 Group J win over Algeriaon Tuesday. He drew level with Germany’s Miroslav Klose with 16 goalsin total and became the oldest player to score […]

17.06.2026 06:09

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Kıbrıs Cyprus Mail

CBC unveils governance framework overview

The Central Bank of Cyprus (CBC) this week published a summary overview of its governance framework, outlining the structures, principles and decision-making mechanisms that underpin its operations in a move aimed at strengthening transparency and public understanding. The document was released for informational purposes and provides a concise description of the governance arrangements that guide […]

17.06.2026 06:00

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Kıbrıs Cyprus Mail

Driver distraction linked to 11 road deaths last year

Driver distraction, including the use of mobile phones, was blamed for 11 of the 45 road deaths recorded in 2025 and has already been linked to more than five collisions this year, police said on Tuesday. More than 31,000 drivers were reported for using mobile phones behind the wheel over the past three years, it […]

17.06.2026 04:24

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Kıbrıs Cyprus Mail

Our View: Attorney-general in a pickle over Mafia State report

After an investigation that lasted longer than two years, carried out by four lawyers, the anti-corruption authority on Tuesday released a 67-page report on the findings. According to the report, there was possibility for criminal investigations of 15 individuals and legal entities, even though the main subject of the investigation was the former president Nicos […]

17.06.2026 04:20

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Kıbrıs Cyprus Mail

Group I: Haaland and Mbappe set early World Cup pace as Norway and France open with wins

Erling Haaland and Kylian Mbappe wasted little time announcing themselves at the World Cup on Tuesday, producing decisive performances to guide Norway and France to opening victories and immediately establish themselves as key figures in Group I. For Norway, it was a long-awaited return to football’s biggest stage after a 28-year absence. For France, it […]

17.06.2026 04:04

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Kıbrıs Cyprus Mail

Lawmakers in the dark on Iran deal as Trump says he will send it to Congress

President Donald Trump said on Tuesday he was willing to send his interim deal to end the war with Iran for review by the U.S. Congress, as lawmakers, including many of his fellow Republicans, said they were largely in the dark about the pact. The U.S.-Iran agreement, announced on Sunday, has spurred optimism that a […]

16.06.2026 21:18

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Kıbrıs Cyprus Mail

G7 leaders express optimism for peace after Trump’s ‘very good’ Zelenskiy meeting

U.S. President Donald Trump said Russia should make peace with Ukraine after a “very good” meeting with President Volodymyr Zelenskiy on Tuesday, in comments that sparked cautious optimism among G7 leaders that a peace deal could be struck. The upbeat mood over the Ukraine war, now deep into its fifth year, stands in stark contrast […]

16.06.2026 21:14

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Kıbrıs Cyprus Mail

Russia says its warship fired warning shots at UK-flagged yacht

A Russian warship fired warning shots to divert a UK-flagged yacht that approached on a dangerous course in the Channel, the Russian defence ministry said on Tuesday. The yacht altered course and moved away after the frigate Admiral Grigorovich fired warning shots, following failed attempts to establish radio contact, the ministry said. Britain’s Ministry of […]

16.06.2026 20:50

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Kıbrıs Cyprus Mail

EU must tap trillions of euros in private savings to keep up with US and China, investors say

Europe must tap into trillions of euros of private savings to fund the economic transformation it needs to compete with the U.S. and China, investors and policy makers said on Tuesday at a Reuters Next event. “We sit on €35 trillion ($40.7 trillion) of private savings, which is enough to make all of those transitions,” […]

16.06.2026 20:41

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Kıbrıs Cyprus Mail

Govt fully committed to transparency says president

The government will do “whatever is necessary” for a full investigation, President Nikos Christodoulides said on Tuesday evening following the anti-corruption authority’s report into claims of corruption made in the Mafia State book. “Our government is fully committed to transparency, accountability and the need to strengthen citizens’ trust in institutions,” he said. The president reiterated that […]

16.06.2026 20:14

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Kıbrıs Cyprus Mail

Trump calls for Russia deal with Zelenskiy, vague on pressure

U.S. President Donald Trump said Russia should make peace with Ukraine after a “very good” meeting with President Volodymyr Zelenskiy on Tuesday, but there were few details of any concrete steps to raise the pressure on Moscow. Trump, who arrived at the G7 summit in the French lakeside resort of Evian-les-Bains brandishing a preliminary deal […]

16.06.2026 20:14

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Kıbrıs Cyprus Mail

Paphos resident scammed out of €47,406

A Paphos resident was scammed out of €47,406, police said on Tuesday. The incident occurred on June 15 when the resident received a phone call from an unknown person, who informed him that suspicious activities had been detected in his bank account, as a result of which his account had been frozen. The man was […]

16.06.2026 19:59

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Kıbrıs Cyprus Mail

Teenage suicide case should have been treated as high risk, court hears

The case of Stylianos Constantinou, the teenager who ended up taking his own life in September 2019, should have been classed as high-risk by the social welfare services, a key witness said in court on Tuesday. Andreas Andreou, the key prosecution witness, was being cross-examined by the defendants’ lawyers. The defendants were employees at the […]

16.06.2026 19:56

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Kıbrıs Cyprus Mail

Israel seizes powers over flashpoint West Bank shrine from Palestinians

Israel has seized planning and construction powers at a Jewish and Muslim shrine in the occupied West Bank from Palestinian authorities, scrapping parts of an agreement in place since the 1990s, Finance Minister Bezalel Smotrich said on Tuesday. Under the 1997 Hebron Agreement, Palestinians controlled planning and construction in the entire city, including the Jewish […]

16.06.2026 19:40

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Kıbrıs Cyprus Mail

Sailors on Russian frigate fired warning shots at a yacht near UK waters

Sailors on board a Russian frigate fired warning shots at a civilian yacht that had come near to it in the Channel,close to British territorial waters, a source familiar with the incident on Tuesday said. Britain’s Ministry of Defence said it was investigating reports of an incident in the Channel. No injuries were reported. The […]

16.06.2026 19:38

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Kıbrıs Cyprus Mail

‘This Turkey has no place in the European family’ – Cypriot MEPs react to report

Cypriot members of the European parliament on Tuesday took to the floor of the Strasbourg chamber to call for the European Union to treat Turkey as a threat and not as a partner, as MEPs debated the parliament’s annual report on Turkey. Disy’s Loukas Fourlas began his intervention with a touch of sarcasm, saying, “I […]

16.06.2026 19:36

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Kıbrıs Cyprus Mail

Cypriot neurologist secures $9m for stroke and dementia research

A Cypriot neurologist based in the United States has secured $9 million in international funding for a major research initiative aimed at improving the diagnosis and treatment of a brain disease linked to strokes and dementia. The award, announced on Tuesday, was granted to assistant professor of neurology at Boston University medical centre Dr Andreas […]

16.06.2026 19:22

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Kıbrıs Cyprus Mail

Exhibition reimagines Larnaca’s coastal zone

Coastal Urban Futures, running between Friday and Sunday, is a three-day exhibition and public programme taking place on the coast of Larnaca. It brings together collaborative urban design practice, marine sciences, research and public engagement to explore alternative urban futures for the city’s coast, through drawings, storytelling, discussions, tours, film screenings and listening sessions. The […]

16.06.2026 19:10

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Kıbrıs Cyprus Mail

All Cyprus bathing waters rated ‘excellent’ in 2025

Cyprus once again ranked among the EU’s top performers for bathing water quality, with all 123 monitored bathing sites across the island receiving the highest possible rating of “excellent” in 2025 in the bloc’s annual bathing water report on Tuesday. The island joins Austria, Bulgaria and Greece among the countries where more than 95 per […]

16.06.2026 19:00

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Kıbrıs Cyprus Mail

Central bank issues Cyprus coins honouring artist

The Central bank of Cyprus (CBC) has released a new set of Cyprus euro coins featuring paintings by well-known local artist George Pol Georgiou. The set features four of Georgiou’s works including Interior of My Bungalow, Self-Portrait, St Spyridon, as well as The Rebirth of Cyprus. The issue will be limited to 5,000 sets which […]

16.06.2026 18:44

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Kıbrıs Cyprus Mail

Fidias the only Cypriot dissenter as EU parliament approves US trade agreement

Independent member of the European parliament Fidias Panayiotou was the only Cypriot dissenter on Tuesday as the parliament green-lit two pieces of legislation which aim to ease trade between the European Union and the United States. Four of Cyprus’ six MEPs – Loukas Fourlas and Michalis Hadjipantela of Disy, Geadis Geadi of Elam, and Costas Mavrides […]

16.06.2026 18:23

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Kıbrıs Cyprus Mail

Cyprus takes part in international defence show

Defence Minister Vasilis Palmas inaugurated the Cypriot pavilion at the Eurosatory 2026 international defence and security exhibition in Paris on Tuesday, with Cyprus seeking to strengthen the international presence of its defence industry. Cyprus is participating in the exhibition with a national pavilion under the auspices of the defence ministry, with representatives from a number […]

16.06.2026 18:18

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