Kıbrıs Cyprus Mail

Cyprus Business Now: energy, loans, pension funds, gaming, employment, tax treaty

Cyprus is punching above its weight in the European labour market as the latest Eurostat figures reveal a significant surge in the number of people finding work during the opening months of 2026. Indeed, Cyprus was highlighted as one of the standout performers across the bloc, recording an increase in the employment rate of 0.4 […]

13.06.2026 09:00

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Kıbrıs Cyprus Mail

Millions find jobs as EU labour market shows quarterly churn

The European Union saw 3 million unemployed people secure jobs during the first quarter of 2026, marking a significant period of transition within the continental labour market. This figure represents 22.9 per cent of all individuals who were unemployed during the fourth quarter of 2025, according to the latest data released by Eurostat. During this […]

13.06.2026 08:30

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Kıbrıs Cyprus Mail

Eurobank launches five-year share award programme

Greek lender Eurobank has launched a five-year programme for the free allocation of shares to management executives and employees, as well as staff at affiliated companies. Implementation of the programme will begin in 2026, following decisions taken during the bank’s annual general meeting on April 28, 2026 and the board of directors on April 29, […]

13.06.2026 08:00

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Kıbrıs Cyprus Mail

US thrash Paraguay 4-1 for dream World Cup start

The United States dominated Paraguay 4-1 in their opening match of the World Cup on Friday in Los Angeles with a first-half brace by striker Folarin Balogun for a dream start to their home campaign in Group D. “Amazing result,” U.S. captain Tim Ream said. “It’s exactly the way we wanted to start the tournament.” […]

13.06.2026 07:33

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Kıbrıs Cyprus Mail

National Bank of Greece launches first phase of buyback plan

The National Bank of Greece has announced the launch of the first phase of its 2026 share buyback programme, following approvals granted by shareholders and regulatory authorities. The first phase of the 2026 share buyback programme will be carried out in accordance with the approvals provided by the annual general meeting of shareholders held on […]

13.06.2026 06:00

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Kıbrıs Cyprus Mail

Cyprus proposes €389m EU budget for Turkish Cypriots

The Cypriot government has proposed that the European Union provide €389 million worth of support for the Turkish Cypriot community over the course of the seven years between 2028 and 2034, as it submitted its proposal for the bloc’s multiannual financial framework for the seven-year period. The figure amounts to a little short of €56m […]

13.06.2026 04:24

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Kıbrıs Cyprus Mail

Our View: Can the 3+1 energy dialogue finally deliver?

Another instalment of the 3+1 energy dialogue of Cyprus, Greece and Israel plus the United State took place on Thursday at Rice University in Houston. Like previous, such meetings, it dealt with the intentions and plans of this cooperation without producing much of practical value. The energy ministers of the US, Cyprus, Greece and Israel’s […]

13.06.2026 04:20

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Kıbrıs Cyprus Mail

Canada’s Larin rescues late draw against Bosnia in Group B opener

Canada striker Cyle Larin came off the bench and had an almost instant impact to rescue a 1-1 draw against Bosnia and Herzegovina on Friday, earning the World Cup co-hosts their first-ever point in their third appearance at the finals. Larin was on the field for less than three minutes in the frenetic Group B […]

13.06.2026 00:25

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Kıbrıs Cyprus Mail

IMF staff reaches deal with Ukraine for $690 mln disbursement, pending board approval

The International Monetary Fund on Friday said it had completed its first review of Ukraine’s $8.1 billion loan programme, paving the way for the war-torn country to receive a second tranche of $690 million despite Kyiv’s failure to meet a key condition. The IMF’s board must still approve the agreement. Ukraine met all quantitative performance […]

12.06.2026 22:57

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Kıbrıs Cyprus Mail

Teens arrested for theft, lead police to stash of phones

The police arrested two individuals on Friday in connection with conspiracy to commit a crime, burglary and theft. The police said a 43-year-old man who owns an electronics shop in Nicosia reported at 9am that unknown people had broken into his shop overnight. During investigations, the police secured testimony against two people aged 17 and […]

12.06.2026 22:53

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Kıbrıs Cyprus Mail

US and Iran signal a peace deal is close

The United States and Iran signalled on Friday that an agreement to end their war was close, with a senior US administration official saying a text was in place that both sides like. Iran’s decision-making bodies were meeting to discuss the memorandum, Iran’s foreign ministry spokesperson said. Pakistan, which has for weeks sought to broker […]

12.06.2026 22:23

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Kıbrıs Cyprus Mail

Pope borrows King of Spain’s jet to return to Vatican after technical issue

Pope Leo boarded a Falcon jet offered by the King of Spain after a technical issue grounded the larger papal plane on the island of Tenerife, delaying his return to the Vatican on Friday at the end of a week-long tour of Spain. The Spanish government said the air force plane used by the king […]

12.06.2026 22:03

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Kıbrıs Cyprus Mail

EU envoys greenlight first phase of membership talks for Ukraine and Moldova

Ambassadors from the European Union’s 27 countries agreed on Friday to advance membership talks with Ukraine and Moldova, with the first phase of negotiations set to begin on Monday. Even as Ukraine continues to fight Russia’s invasion, President Volodymyr Zelenskiy has made EU membership a key strategic goal to anchor his country in Europe’s political […]

12.06.2026 21:55

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Kıbrıs Cyprus Mail

UAE to unlock billions of dollars for Iran, sources say

The United Arab Emirates has agreed to unlock billions of dollars for Iran, four sources said, in a tactical shift after weeks of Iranian attacks on the wealthy Gulf Arab state during the US-Israeli war with the Islamic Republic. Word of the move, which has not been previously reported, coincides with the final stages of […]

12.06.2026 21:21

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Kıbrıs Cyprus Mail

German usurper’s certiorari request dismissed

A request lodged by German real estate agent Eva Isabella Kunzel to be permitted to register privileged writs of certiorari and prohibition, with the aim of annulling an interim decision by the Nicosia criminal court and suspending her trial, has been rejected by the Supreme Court. Kunzel, who has been held in custody since her arrest in […]

12.06.2026 21:11

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Kıbrıs Cyprus Mail

Cyprus among EU states with highest increase in employment

Cyprus is among EU member states with the highest increase in employment during the first quarter of 2026, Eurostat said on Friday. In the first quarter of 2026, the employment rate of people aged 20-64 in the EU stood at 76.3 per cent, up from 76.2 per cent in the fourth quarter of 2025. Labour […]

12.06.2026 20:54

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Kıbrıs Cyprus Mail

No new FMD cases found in testing

No positive cases of foot-and-mouth disease (FMD) have been detected during ongoing testing in the restriction zones, particularly around Pachna, while vaccinations are set to resume next week, members of the epidemiological team said on Friday. The announcement came after a meeting with the Veterinary Services. Speaking afterwards, team member and Tepak professor Demetris Tsaltas […]

12.06.2026 20:33

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Kıbrıs Cyprus Mail

Teenage Syrian escapes police custody, manhunt launched

A 17-year-old Syrian held at Omorfita police station escaped police custody on Friday afternoon and disappeared. The police said they have launched a manhunt with officers and patrol cards to recapture the teenager, who had been arrested to facilitate investigations into a case of theft and illegal possession of property. A crisis centre has been […]

12.06.2026 20:28

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Kıbrıs Cyprus Mail

Applications open for stray cat sterilisation scheme

Local authorities, animal welfare groups and vets have until June 26 to express interest in the 2026 islandwide stray cat sterilisation scheme, the Veterinary Services said on Friday. Interested parties must apply at district veterinary offices. The Veterinary Services stated that individuals and unregistered volunteer groups caring for many stray cats cannot apply directly and […]

12.06.2026 20:22

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Kıbrıs Cyprus Mail

Next days ‘decisive’ for Cyprus issue says president

The next days until UN envoy Maria Angela Holguin returns to Cyprus will be decisive for the Cyprus problem, President Nikos Christodoulides said on Friday, expressing optimism that an expanded meeting to usher in the resumption of negotiations for a settlement will be able to be announced. Referring to his meeting earlier in the day […]

12.06.2026 20:15

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Kıbrıs Cyprus Mail

Cypriot pharma leader Medochemie celebrates five decades of expansion

Medochemie marked its 50th anniversary in 2026, reflecting on a journey that transformed a Limassol-based start-up into a global pharmaceutical exporter built on vision, innovation and sustained international expansion. Behind five decades of growth and international recognition lies a story of vision, courage and perseverance that has become one of the most significant business success […]

12.06.2026 20:14

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Kıbrıs Cyprus Mail

Cyprus and Lithuania sign relocation agreement under EU migration pact

Cyprus and Lithuania on Friday signed a memorandum of cooperation on the relocation of applicants for international protection from Cyprus to Lithuania, marking one of the first concrete solidarity measures under the European Union’s new pact on migration and asylum. The agreement was signed on the sidelines of the informal ministerial meeting on the migration […]

12.06.2026 19:37

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Kıbrıs Cyprus Mail

Additional buses to Ayia Napa for beachgoers

The bus service linking Nicosia and the Famagusta tourist area are set to increase as of Saturday to meet the summer season demand. The transport ministry said on Friday that in cooperation with Intercity Buses, more buses would be added to the Nicosia bus line to Ayia Napa and Paralimni during the morning hours and […]

12.06.2026 19:35

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Kıbrıs Cyprus Mail

Demetra continues share buyback programme with fresh purchases

Demetra Holdings Plc on Friday announced that it has completed a fresh acquisition of its own shares. According to the announcement, the firm successfully acquired a total of 3,744 own shares at a price of €1.675 per share. The breakdown of this acquisition involved two distinct purchases recorded on the same date. The first transaction […]

12.06.2026 19:22

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