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Cyprus unemployment falls as eurozone rate ticks up
Kıbrıs Cyprus Mail

Cyprus unemployment falls as eurozone rate ticks up

Cyprus recorded a decline in unemployment in February 2026, even as joblessness in the euro area rose slightly month-on-month, according to a report from Eurostat. Specifically, the figures showed that Cyprus unemployment rate stood at 4.20 per cent in February 2026, down from 4.50 per cent in February 2025, reflecting continued improvement in the country’s […]

02.04.2026 08:10
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Cyprus parliament to vote today on bill establishing National Cancer Institute
Kıbrıs Famagusta Gazette

Cyprus parliament to vote today on bill establishing National Cancer Institute

A bill creating Cyprus’ new National Cancer Institute goes to the House plenum today, with the proposed body tasked with strengthening prevention, early diagnosis, treatment support, palliative care and rehabilitation across the country’s oncology sector. The House health committee concluded its discussions last month, with several MPs welcoming the initiative while others raised concerns about […]

02.04.2026 08:00
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CySEC chief outlines early lessons from EU crypto rules
Kıbrıs Cyprus Mail

CySEC chief outlines early lessons from EU crypto rules

The Markets in Crypto-Assets Regulation (MiCA) is reshaping Europe’s crypto market, while exposing new regulatory challenges, according to Cyprus Securities and Exchange Commission (CySEC) chairman George Theocharides. In an article first published in Eurofi magazine, Theocharides described MiCA as a structural shift for the EU crypto-asset market, explaining that a sector once operating largely outside […]

02.04.2026 08:00
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Indonesia earthquake damages buildings, but tsunami alerts have been lifted
Kıbrıs Cyprus Mail

Indonesia earthquake damages buildings, but tsunami alerts have been lifted

A magnitude 7.6 earthquake struck in Indonesia’s Northern Molucca Sea on Thursday, killing one person, damaging buildings and triggering tsunami waves, authorities and witnesses said, though monitoring agencies said the likelihood of further casualties was low. Indonesia’s meteorology agency BMKG said there were tsunami waves reported in five locations, the highest at 0.75 m (2.46 […]

02.04.2026 07:57
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Alpha Bank rolls out retail banking transformation plan
Kıbrıs Cyprus Mail

Alpha Bank rolls out retail banking transformation plan

Greek lender Alpha Bank has announced a sweeping transformation of its retail banking operations, introducing a new organisational model aimed at placing the customer at the centre of banking services. The bank said the overhaul represents a strategic shift in retail banking, designed to better align services with customer needs while enhancing its commercial approach. […]

02.04.2026 07:50
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Cyprus students invited to explore merchant navy careers
Kıbrıs Cyprus Mail

Cyprus students invited to explore merchant navy careers

The University of Nicosia announced this week that it will host a student event titled “Become a Merchant Navy Officer for a Day” at the BSM Maritime Training Centre at the Limassol Marina. The event will take place on April 7, 2026, between 14:00 and 16:00, offering participants a focused introduction to careers in the […]

02.04.2026 07:40
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Better weather later in the day
Kıbrıs Cyprus Mail

Better weather later in the day

Storm Erminio, the low-pressure barometric system that moved from Sicily towards the Eastern Mediterranean, bringing heavy rainfall and high concentrations of Saharan dust to Cyprus, will begin subsiding on Thursday, with a noticeable improvement from noon onwards. Winds will be a southeast gentle to moderate breeze of 3 to 4 Beaufort, and at times a moderate […]

02.04.2026 07:31
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Cyprus Business Now: tourism, shipping, hotels, VAT, cost-of-living
Kıbrıs Cyprus Mail

Cyprus Business Now: tourism, shipping, hotels, VAT, cost-of-living

The economy of the Famagusta district is coming under growing strain from the fallout of developments in the Middle East, with Paralimni-Deryneia mayor Giorgos Nikolettos warning that the new tourist season will depend in part on how quickly Cyprus can restore confidence in key foreign markets. In a written statement, Nikolettos welcomed the government’s recently announced support measures, […]

02.04.2026 07:30
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Cyprus Weather – 2nd April
Kıbrıs Famagusta Gazette

Cyprus Weather – 2nd April

Winds will be mainly southwest to northwest. Seas will be generally rough, easing to slightly rough to rough by late afternoon. Temperatures will reach around 19 C inland, in the west, southwest and north coasts, 20 C on the southeast and east coasts, and 8 C in the highest mountains. From Wednesday night, some areas […]

02.04.2026 07:00
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Greece returns to developed markets after years of crisis
Kıbrıs Cyprus Mail

Greece returns to developed markets after years of crisis

Index provider MSCI has confirmed that Greece will return to its developed markets index in May 2027, marking a key milestone in the country’s long recovery from its sovereign debt crisis. The decision represents a major step in the Greek economy’s normalisation after the debt crisis, which began in 2009 and led to years of […]

02.04.2026 07:00
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What’s on this weekend
Kıbrıs Cyprus Mail

What’s on this weekend

April is here with more exciting events for all ages and interests! This weekend’s agenda has something fun in store around the island – in the city and in the villages. Here’s what’s on this Friday, Saturday and Sunday Markets Welcoming April’s first weekend is a series of bazaars and markets. In downtown Nicosia, Yfantourgeio […]

02.04.2026 06:40
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EU council names next banking watchdog chief
Kıbrıs Cyprus Mail

EU council names next banking watchdog chief

Francois-Louis Michaud will take up his position as chair of the European Banking Authority on April 16, 2026, following his formal appointment by the Council of the European Union earlier this week. “As the vice chair of the EBA, I warmly congratulate Francois-Louis on his appointment as Chairperson after a very selective process,” said Helmut […]

02.04.2026 06:30
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Airfreight rates jump 95 per cent as Iran war hits global supply chains
Kıbrıs Cyprus Mail

Airfreight rates jump 95 per cent as Iran war hits global supply chains

International airfreight rates surged by as much as 95 per cent between February and March, as reduced cargo capacity and higher fuel prices linked to the Iran war pushed prices closer to the record levels seen during the Covid-19 pandemic, according to Drewry Airfreight Insight. In one of the sharpest moves, airfreight rates from Shanghai […]

02.04.2026 06:00
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Iran ‘was an existential threat facing our nation’
Kıbrıs Cyprus Mail

Iran ‘was an existential threat facing our nation’

Israel’s ambassador to Cyprus, Oren Anolik, has asserted that while Iran’s nuclear and ballistic capabilities have been significantly degraded by US-Israeli strikes they have not been entirely eliminated, as the conflict now spreads across multiple theatres in the region. Speaking to the Cyprus Mail, the ambassador outlined three core objectives behind Israel’s campaign: the dismantling […]

02.04.2026 04:25
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Our View: Hoteliers push for more subsidies despite generous aid
Kıbrıs Cyprus Mail

Our View: Hoteliers push for more subsidies despite generous aid

How predictable that the two hoteliers’ organisations, Pasyxe and Stek, are not satisfied with the support measures announced by the government last week and want more. Last Thursday, the president announced that the government would cover 30 per cent of the wage bill of hotels that were open for the whole of April. This was […]

02.04.2026 04:20
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Bill on Financial Ombudsman Faces Dispute Over Binding Decisions
Kıbrıs Famagusta Gazette

Bill on Financial Ombudsman Faces Dispute Over Binding Decisions

Lawmakers have examined a series of technical and substantive amendments to a bill reforming the Financial Ombudsman’s procedures, with debate centering on whether the Ombudsman’s decisions should be binding on financial institutions. Finance Ministry officials said most changes are technical, but several deadlines are being extended. The period for filing a complaint after receiving a […]

02.04.2026 00:45
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Tesla March car registrations soar in key European markets
Kıbrıs Cyprus Mail

Tesla March car registrations soar in key European markets

New registrations of Tesla TSLA.O cars tripled in France during March to just shy of a two-year-old record high, and more than doubled in the Nordic countries, data showed on Wednesday as the company’s sales recover in Europe. Tesla, the world’s most valuable automaker by market capitalisation, lost almost half its European market share in […]

01.04.2026 22:27
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AKEL Limassol Opposes British Plans for New Antenna Cluster at Akrotiri
Kıbrıs Famagusta Gazette

AKEL Limassol Opposes British Plans for New Antenna Cluster at Akrotiri

AKEL’s Limassol district organization has condemned plans by the British Bases to install 32 antennas at Akrotiri and to expropriate 340 “skales” of land, saying the area is already heavily burdened. The party said 18 antennas installed in 2018 were described as temporary and were expected to be removed in 2025, “something that did not […]

01.04.2026 22:00
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Ryanair warns Middle East war, fuel shortages could hit summer season flights
Kıbrıs Cyprus Mail

Ryanair warns Middle East war, fuel shortages could hit summer season flights

Ryanair RYA.I CEO ​Michael O’Leary said jet fuel supply to Europe could be disrupted from June if the Middle East conflict does not end in the next month, potentially forcing the airline and rivals to consider cancelling summer season flights. O’Leary said the Irish carrier, Europe’s largest by passenger numbers, is holding daily calls with […]

01.04.2026 21:31
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Pfizer, BioNTech halt US COVID vaccine study after recruitment struggles
Kıbrıs Cyprus Mail

Pfizer, BioNTech halt US COVID vaccine study after recruitment struggles

Vaccine makers Pfizer PFE.N and BioNTech 22UAy.DE halted a large U.S. trial of their updated COVID-19 vaccine in healthy adults aged 50 to 64, saying enrollment in the trials had been too low to generate the needed data. In a letter to trial investigators dated March 30, seen by Reuters and previously unreported, Pfizer said […]

01.04.2026 20:42
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