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Cyprus tax reform 2026: what companies still get wrong
Kıbrıs Cyprus Mail

Cyprus tax reform 2026: what companies still get wrong

The tax package that parliament passed on 22 December 2025 took effect on 1 January 2026, and half a year later the most common mistake is not a filing error. It is arithmetic based on the old rules. Advisers abroad, comparison articles and even some internal budgets are still built on the figures that stopped […]

13.08.2026 09:52
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Forestry dept on fire alert for mid-August holidays
Kıbrıs Cyprus Mail

Forestry dept on fire alert for mid-August holidays

The forestry department renewed calls on Thursday ahead of the mid-August holiday for extreme caution due to the high risk of fires. As people in Cyprus usually take their summer holiday around the August 15 religious day of the Assumption of the Virgin Mary, the forestry department is on high alert for forest fires caused […]

13.08.2026 09:49
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Europe must overcome banking fragmentation, says Eurogroup president
Kıbrıs Cyprus Mail

Europe must overcome banking fragmentation, says Eurogroup president

Europe’s fragmented banking market has become a strategic vulnerability that could undermine the continent’s ability to finance its own future, according to Eurogroup President Kyriakos Pierrakakis. “Fragmentation is no longer only a financial inefficiency; it is a strategic vulnerability,” Pierrakakis said in an interview with the European Central Bank’s (ECB) Supervision Newsletter. His comments come […]

13.08.2026 09:02
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Jailed Istanbul mayor Imamoglu joins Turkey’s New Party
Kıbrıs Cyprus Mail

Jailed Istanbul mayor Imamoglu joins Turkey’s New Party

Jailed Istanbul Mayor Ekrem Imamoglu said on Wednesday he was joining the newly formed New Party, after a court order removed the leadership of his former Republican People’s Party (CHP) amid an unprecedented legal crackdown on the opposition. Last month, Turkish opposition leader Ozgur Ozel and 90 other breakaway lawmakers launched a new political party, […]

13.08.2026 08:52
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Cold water for 25 public schools per year in gradual installation
Kıbrıs Cyprus Mail

Cold water for 25 public schools per year in gradual installation

The education ministry has launched a project to install cold water dispensers in schools across the island, a process which began last year with a tender for 25 schools and will continue this year, minister Athena Michaelidou said in a letter made public on Thursday. In her letter, in reply to a question raised by […]

13.08.2026 08:44
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Search for Colombia’s quake survivors enters critical period
Kıbrıs Cyprus Mail

Search for Colombia’s quake survivors enters critical period

Colombia’s President Abelardo De La Espriella on Wednesday vowed to set up an emergency fund to help rebuild hospitals, schools, homes and infrastructure destroyed by Monday’s earthquake, which killed 265 and left nearly 500 people unaccounted for. “This is undoubtedly a tragedy of immense proportions,” De La Espriella, who was inaugurated three days before the […]

13.08.2026 08:30
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Early morning Orounta fire contained
Kıbrıs Cyprus Mail

Early morning Orounta fire contained

A fire in Orounta, Nicosia, that started in the early hours of Thursday, has been contained and efforts are under way to put it out completely. The fire brigade said fire engines from Lakatamia and Peristerona stations were operating in the area, supported by the forestry department.

13.08.2026 08:17
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Ten arrested in overnight operations, 108 booked for speeding
Kıbrıs Cyprus Mail

Ten arrested in overnight operations, 108 booked for speeding

Ten people were arrested in overnight police operations for various offences, including the illegal possession of drugs, causing a disturbance and failing to appear in court. The police said 505 vehicles were pulled over and 646 drivers and passengers were inspected. A total of 295 reports were filed, of which 108 for speeding and five […]

13.08.2026 08:13
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Goldman expects €220m interim distribution from National Bank of Greece
Kıbrıs Cyprus Mail

Goldman expects €220m interim distribution from National Bank of Greece

Goldman Sachs expects the National Bank of Greece to make an interim distribution of around €220 million in the third quarter, despite management neither confirming nor ruling out such a move. In its latest report, whose findings were shared by Greek business outlet Insider, the US investment bank stated that management had left open the […]

13.08.2026 08:12
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Company car lightly damaged in Limassol fire
Kıbrıs Cyprus Mail

Company car lightly damaged in Limassol fire

A company car was lightly damaged in a fire that started just after midnight in Limassol. The police said the car was parked outside the residence of a 62-year-old and that the fire appeared to be a malicious act. The man managed to put out the fire with an extinguisher before the fire brigade arrived. […]

13.08.2026 08:07
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Sunny and hot with afternoon showers, yellow weather warning in place
Kıbrıs Cyprus Mail

Sunny and hot with afternoon showers, yellow weather warning in place

Sunny and hot weather will be prevailing across the island on Thursday, however clouds forming locally around noon are expected to yield isolated showers and thunderstorms, mainly over the mountains. The meteorological service has issued a yellow warning for high temperatures, valid from 2pm till 4.30pm. Temperatures will peak at 40C inland, 31C along the […]

13.08.2026 07:56
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Fairfax explores potential acquisition of Greek food group Evergood
Kıbrıs Cyprus Mail

Fairfax explores potential acquisition of Greek food group Evergood

Greek food services conglomerate Vivartia group is in discussions over a potential sale of its food-service arm Evergood to a subsidiary of Fairfax Financial Holdings, with the talks having already progressed to due diligence, according to sources cited by Greek business outlet Insider. According to the report, sources close to Vivartia confirmed to Insider that […]

13.08.2026 07:40
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Cyprus Business Noe: tourism, banks, AI, crypto, building permits, AI
Kıbrıs Cyprus Mail

Cyprus Business Noe: tourism, banks, AI, crypto, building permits, AI

Hotel occupancy in the Paphos district is expected to reach between 85 and 90 per cent in August, according to Paphos hoteliers association president Evripides Loizides, who nevertheless warned that falling room prices and weaker autumn bookings continued to weigh on the sector. Speaking to the Cyprus News Agency (CNA), Loizides said demand would be particularly […]

13.08.2026 07:30
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Total darkness, then sunset as full eclipse wows spectators in Spain
Kıbrıs Cyprus Mail

Total darkness, then sunset as full eclipse wows spectators in Spain

Spectators across Spain watched in wonder, some whipping off their protective glasses and rising to their feet in unison, as a rare total solar eclipse swept across the north of the country on Wednesday evening, plunging it into darkness. Spain deployed a massive police contingent and set up special viewing spots across rural areas that […]

13.08.2026 07:04
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AI cloud provider CoreWeave reports $104bn backlog and raises capex target
Kıbrıs Cyprus Mail

AI cloud provider CoreWeave reports $104bn backlog and raises capex target

CoreWeave (CRWV.O) lifted its annual capital spending forecast ‌this week after beating second-quarter estimates, betting on a surge in demand for its AI cloud computing services, sending the company’s shares more than 14 per cent higher in extended trading. The AI cloud company also lifted its targets for ​2026 revenue and adjusted operating profit, encouraged […]

13.08.2026 07:00
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What’s on this weekend
Kıbrıs Cyprus Mail

What’s on this weekend

Larnaca district The 44th Lefkara Festival continues with a busy agenda this week. On Thursday, August 13, the Back to the 80s, 90s and 00s party will bring retro hits to the village centre. DJ Louis will take over the decks at 8.30pm, blasting mainstream and retro songs that have been beloved throughout the decades. […]

13.08.2026 06:40
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Ryanair partners with Google Cloud to use Gemini AI and DeepMind models
Kıbrıs Cyprus Mail

Ryanair partners with Google Cloud to use Gemini AI and DeepMind models

Ryanair has announced that it will deploy Google’s Gemini AI tools and DeepMind models across its operations ​under a new five-year cloud partnership, using the technology to ‌help manage crew scheduling and make operational decisions. Ryanair, Europe’s largest airline by passenger numbers, said it would roll out Alphabet’s (GOOGL.O) Google Workspace and Google ​Cloud services […]

13.08.2026 06:30
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Tech stock rally drives Norway wealth fund to record $184bn half-year profit
Kıbrıs Cyprus Mail

Tech stock rally drives Norway wealth fund to record $184bn half-year profit

Norway’s $2.3 trillion sovereign wealth fund, the world’s largest, posted a record profit of 1.75 ​trillion Norwegian crowns ($184.3 billion) for the first half of the ​year, lifted by technology stocks, it said this week. Investing ⁠the Norwegian state’s revenues from oil and gas production, the fund ​owns on average 1.5 per cent of all […]

13.08.2026 06:00
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New MPs to roll sleeves up come September
Kıbrıs Cyprus Mail

New MPs to roll sleeves up come September

The new parliament that emerged from May’s elections has a demanding legislative agenda ahead of it when the session reopens at the beginning of September, with important bills and proposed legislation to be discussed and decided on. These include judicial reforms, strengthening the anti-corruption authority, changes to the monetary system, promoting renewable energy sources, new […]

13.08.2026 04:25
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Can Edek find a reason to exist?
Kıbrıs Cyprus Mail

Can Edek find a reason to exist?

Four candidates will be standing in the elections of the leadership of Edek on September 5. The elections were made necessary by the resignation of party leader Nicos Anastasiou, after the humiliating showing in last May’s parliamentary election, in which Edek, for the first time in its history, failed to win a single seat. Anastasiou […]

13.08.2026 04:20
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