Kıbrıs Cyprus Mail

Demetra Holdings updates market on net asset value

Demetra Holdings Plc on Friday announced the net asset value of its shares as of June 30, 2026, in a formal notification to the Cyprus Stock Exchange (CSE). The company stated that the net asset value per share stood at €2.5929 on this date. Regarding the fully diluted net asset value, the firm stated that […]

03.07.2026 10:25

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Kıbrıs Cyprus Mail

Two escape after fire breaks out at Limassol hotel shop

Two people escaped safely after a fire broke out at a shop on the ground floor of a hotel in the Yermasoyia area of Limassol in the early hours of Friday, the fire service said. The fire service received a call at 3.53am and the Ayios Nikolaos fire station responded with two fire engines. The […]

03.07.2026 10:15

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Kıbrıs Cyprus Mail

NATO summit in Ankara to test alliance unity amid Trump tensions

NATO leaders gather next week in Ankara, where Europeans aim to set aside strife with U.S. President Donald Trumpover Iran and Greenland and show they are stepping up to defend the continent as Washington cuts back on its commitments to the alliance. NATO Secretary General Mark Rutte says the gathering next Tuesday and Wednesday will […]

03.07.2026 10:10

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Kıbrıs Cyprus Mail

Tourism ministry reports hotel licensing progress despite poor application rate

Cyprus has made progress in licensing hotels and tourist accommodation, but more than half of tourist units have still never submitted an application, the Deputy Ministry of Tourism said this week. Responding to the Audit office’s report, the Deputy Ministry said it intends to comply with its observations, while stressing that the issue has been unresolved for almost three […]

03.07.2026 10:06

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Kıbrıs Cyprus Mail

The Constantia Summer Film Marathon is back

For those in Nicosia every summer, the return of Constantia Open Air Cinema’s Summer Film Marathon is an anticipated event. Every week, from Wednesday to Sunday, films are screened under the stars. This year, the summer-long event returns from July 15 to September 13, as the deputy ministry of culture and Theatro Ena collaborate. More […]

03.07.2026 09:59

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Kıbrıs Cyprus Mail

Who is liable when AI gets it wrong?

Artificial intelligence has long ceased to be merely a promise of technological progress. It has already become embedded in the core of economic activity, influencing the way decisions are made in banks, businesses, insurance organisations, and professional services. From creditworthiness assessments to recruitment procedures and automated customer service, algorithms now operate as “invisible employees”, shaping […]

03.07.2026 09:39

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Kıbrıs Cyprus Mail

AI-driven learning platform aims to close gap in children’s financial education

Cyprus urged to bring financial literacy into classrooms early As financial literacy climbs the policy agenda in Cyprus, questions remain over whether children are being equipped with the practical skills they need to navigate an increasingly complex economic world. Speaking to the Cyprus Mail, Max Fedorov, founder of CoinTales.AI, argued that financial education should begin […]

03.07.2026 09:30

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Kıbrıs Cyprus Mail

Cyprus targets fairer boardroom representation

The Cabinet has approved a bill requiring more balanced representation of women and men in the senior decision-making bodies of listed companies, marking another step in Cyprus’ efforts to align corporate governance with EU equality rules. Gender Equality Commissioner Josie Christodoulou said the bill, entitled “The Gender Balance in Managerial Positions of Listed Companies and […]

03.07.2026 09:29

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Kıbrıs Cyprus Mail

Cyprus state to cover cost of repatriating bodies of Xylofagou children

The cost of repatriating the bodies of the two young children who died in last Sunday’s tragic incident in Xylofagou will be covered in full by the Republic of Cyprus, the Xylofagou community council announced on Friday. In a statement, the council said that during a meeting held on July 2, members discussed the possibility […]

03.07.2026 09:00

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Kıbrıs Cyprus Mail

Eight arrested and 295 traffic fines issued in nationwide police operation

Police arrested eight people across Cyprus on Thursday night during targeted prevention operations carried out nationwide, while issuing 295 traffic fines for various offences. In a statement on Friday, police said they maintained an intensified presence across the island overnight, carrying out organised patrols in key urban areas aimed at preventing serious crime, maintaining public […]

03.07.2026 08:47

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Kıbrıs Cyprus Mail

Bezantakou becomes first woman to lead Propeller Club Piraeus

Danae Bezantakou has been elected president of the International Propeller Club, Port of Piraeus, becoming the first woman to lead the organisation in its 91-year history. Bezantakou, CEO of Navigator Shipping Consultants, came first in the Club’s elections on June 29, receiving 414 votes, before the new Board of Governors was formally constituted on July […]

03.07.2026 08:34

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Kıbrıs Cyprus Mail

Cyprus shipping community praised for sustained regulatory compliance

Cyprus has retained its place on the Paris MoU White List, with the Cyprus Union of Shipowners (CUS) saying the result confirms the continued quality and reliability of the Cyprus flag. The latest 2025 Paris MoU performance list, valid from July 1, 2026 until July 6, 2027, places Cyprus 22nd among 40 flag states on […]

03.07.2026 08:22

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Kıbrıs Cyprus Mail

Sunny and warm weekend ahead, with chance of showers from Sunday

Seasonal low pressure is affecting the region, bringing mainly clear skies and temperatures close to seasonal averages over the coming days. Friday will be mostly clear, although areas of low cloud and patchy mist or fog are expected early in the day. Winds will initially be variable to northwesterly, light to moderate at 3 to […]

03.07.2026 08:15

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Kıbrıs Cyprus Mail

Fidan again blames Cyprus for EU-Turkey customs union deadlock

For the second time this week, Turkish Foreign Minister Hakan Fidan blamed the Greek Cypriot side for obstacles in relations between Turkey and the European Union, arguing that Nicosia’s position is preventing progress on the modernisation of the EU-Turkey Customs Union despite agreement between Ankara and Brussels. In an interview with CNN Turk, Fidan referred […]

03.07.2026 08:06

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Kıbrıs Cyprus Mail

Embolo, Ndoye fire Switzerland past Algeria into World Cup last 16

Switzerland eased past Algeria 2-0 on Thursday to book their place in the World Cup round of 16, with Breel Embolo and Dan Ndoye on target. Switzerland will remain in Vancouver, where they will face either Colombia or Ghana in the last 16 on Tuesday. The Swiss opener was crafted by 20-year-old talent Johan Manzambi, who surged […]

03.07.2026 08:06

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Kıbrıs Cyprus Mail

Tibetan man dies after setting himself on fire near UN headquarters, activists say

Police in New York City said on Thursday a man died from severe burns near the United Nations headquarters, and activists and a media outlet of exiled Tibetans identified him as a Tibetan who set himself on fire in an appeal for independence. A New York City Police Department spokesman said police responding to an […]

03.07.2026 08:00

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Kıbrıs Cyprus Mail

CBC deepens focus on sustainable investment

The Central Bank of Cyprus (CBC) continued to improve the sustainability profile of its non-monetary policy portfolios throughout 2025, according to its latest annual climate-related financial disclosures released this week. The report confirms that the bank has further reduced climate-related transition risks, with climate considerations now fully integrated into its investment processes, risk monitoring, and […]

03.07.2026 08:00

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Kıbrıs Cyprus Mail

Cyprus Business Now: inflation, BoC, AUB-Cyta, CySEC, tourism, housing

Retail proprietary trading is no longer among the European Securities and Markets Authority’s (ESMA) immediate regulatory priorities, according to Cyprus Securities and Exchange Commission (CySEC) chairman George Theocharides, despite the sector’s rapid global expansion. Speaking to Finance Magnates, Theocharides, who also chairs ESMA’s risk standing committee, said there are currently no substantial discussions underway on regulating […]

03.07.2026 07:30

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Kıbrıs Cyprus Mail

Gulf supply shocks could hit euro area growth, warns ECB

The European Central Bank (ECB) has warned that disruptions to trade through the Strait of Hormuz could have far-reaching consequences for the global economy, with supply shortages extending well beyond higher energy prices and placing up to 3 per cent of euro area production at risk in a worst-case scenario. In a blog post published […]

03.07.2026 07:00

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Kıbrıs Cyprus Mail

Israeli outlets praise Cyprus as holiday destination

Cyprus’ tourism sector is receiving growing attention in the Israeli media, with a number of leading news outlets reporting a partial recovery in visitor numbers following disruption caused by the conflict between Israel and Iran. Recent coverage has linked the earlier slowdown in tourism to the regional conflict while portraying Cyprus as a nearby, affordable, […]

03.07.2026 06:30

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Kıbrıs Cyprus Mail

Only a quarter of Cyprus hotels hold a full licence

Serious weaknesses in Cyprus’ system for licensing and supervising tourist accommodation are undermining efforts to upgrade the country’s tourism product, according to a new special report by the Audit Office, which found that only 23 per cent of hotels and tourist accommodation hold a full operating licence. The report, prepared under Auditor General Andreas Papaconstantinou, […]

03.07.2026 06:00

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Kıbrıs Cyprus Mail

Portugal survive late drama to beat Croatia and reach World Cup last 16

Cristiano Ronaldo scored the first World Cup knockout-stage goal of his career, Goncalo Ramos netted a stoppage-time header and Portugal got a last-second break on an offside call to beat Croatia 2-1 on Thursday and set up a last-16 clash with Spain. Croatia looked to have equalised at the end, leaving Ronaldo crestfallen on the […]

03.07.2026 04:44

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Kıbrıs Cyprus Mail

Yiorkadjis: we were given reservoirs, we should leave a water strategy

The issue is not whether it will rain next winter, but if Cyprus is ready to adopt a modern, effective and unified management system that will guarantee water adequacy for the coming decades and generations, president of the Nicosia district government organisation (EOA) Constantinos Yiorkadjis said on Thursday. Yiorkadjis believes the infrastructure and know-how are […]

03.07.2026 04:24

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Kıbrıs Cyprus Mail

Our View: Diko flexes its political muscle

It is astonishing that President Nikos Christodoulides postponed a cabinet meeting on Wednesday to make time to see the backer of his government and Diko chief Nicholas Papadopoulos. Papadopoulos had written to him on Tuesday night demanding a meeting, at the president’s “earliest convenience,” in order the discuss the possibility of a cabinet reshuffle as […]

03.07.2026 04:20

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