Kıbrıs Cyprus Mail

Trump says Iran ceasefire “on life support” as peace hopes fade, most Americans oppose US strikes

Hopes for a peace deal on Iran faded on Tuesday after Donald Trump said a ceasefire with Iran was “on life support” as Tehran rejected a U.S. proposal to end the conflict and stuck to a list of demands the U.S. president described as “garbage”. Iran has called for an end to the war on […]

12.05.2026 09:26

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Kıbrıs Cyprus Mail

Strait of Hormuz remains open in name, constrained in practice

The Strait of Hormuz saw only a fragile and uneven recovery in April, with vessel traffic still far below normal levels despite brief reopening windows linked to ceasefire signals, according to AXSMarine. One month after the key waterway stopped functioning as an unobstructed passage for commercial shipping, the company said April brought “no clear normalisation”. […]

12.05.2026 09:17

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Kıbrıs Famagusta Gazette

Cyprus–Greece Ferry Service to Resume With New Vessel

Ferry services between Cyprus and Greece will resume with a newly upgraded vessel, the AF Marina. The maritime link, now entering its fifth year, will begin its first sailing of the season on May 29 from Limassol. The final return trip is scheduled for Sept. 1, with a total of 22 sailings planned. According to […]

12.05.2026 09:15

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Kıbrıs Cyprus Mail

The economics of transparency in a mobility marketplace

In an industry plagued by hidden fees, inconsistent service, and opaque pricing models, GetTransfer.com has emerged as a distinctive player, redefining the relationship between travellers and ground transport providers. Founded in Cyprus and now operating in over 180 countries, the marketplace combines technology, transparency, and marketplace economics to create a system that is as much […]

12.05.2026 09:12

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Kıbrıs Cyprus Mail

Man arrested in Limassol after cannabis found at home

Police on Monday arrested a 39-year-old man in Limassol after a quantity of cannabis was discovered at his residence. According to a police statement, members of the Drug Law Enforcement Unit (YKAN) carried out a search of the suspect’s home on Monday afternoon under a court warrant. During the search, officers found a package inside the house […]

12.05.2026 09:00

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Kıbrıs Cyprus Mail

Cyprus fintech targets SMEs with device-agnostic payment app

The landscape of commercial transactions in Cyprus is undergoing a profound shift as the island moves closer to a cashless society. While international payment giants have long dominated the fintech space, their focus often remains fixed on large-scale corporations, leaving small and medium-sized enterprises (SMEs) and independent contractors to navigate a maze of complex hardware […]

12.05.2026 09:00

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Kıbrıs Cyprus Mail

Seven arrested in police operations across urban areas

Police arrested seven individuals overnight for a range of offences including theft, drug possession, failure to appear in court, impersonation and outstanding fine warrants, as part of coordinated patrols in key urban areas aimed at preventing serious crime and maintaining public order. According to a police statement, officers stopped and checked 277 drivers and 90 […]

12.05.2026 08:43

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Kıbrıs Cyprus Mail

EU housing ministers meet in Nicosia to discuss affordability and sustainability

Affordable, sustainable and social housing, along with emerging trends in the housing market, are at the centre of an informal meeting of EU housing ministers taking place on Tuesday in Nicosia, under the Cypriot Presidency of the Council of the EU. The meeting, chaired by Interior Minister Constantinos Ioannou, “provides a framework for open dialogue on affordable, […]

12.05.2026 08:29

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Kıbrıs Cyprus Mail

Cloudy and dusty conditions across Cyprus

A weak low-pressure system is affecting the area, with dust observed in the atmosphere at intervals. Temperatures are expected to reach around 33°C inland, about 28°C along the southern and eastern coasts, and near 25°C in the remaining coastal areas and higher mountains. On Tuesday, the weather will be mostly clear, although increased medium and […]

12.05.2026 08:22

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Kıbrıs Cyprus Mail

€10 million renovation strengthens Anassa’s Mediterranean luxury status

Thanos Hotels & Resorts has carried out a €10 million investment in Anassa, located in Neo Chorio, Paphos, reinforcing the position of one of the most iconic luxury hotels in the Mediterranean. The upgrade forms part of the group’s broader investment plan, which aims for its total managed portfolio value to exceed €1 billion by […]

12.05.2026 08:10

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Kıbrıs Cyprus Mail

Record tourist arrivals and ICT growth drive Cyprus current account recovery

Cyprus’ current account balance continued to improve in 2025, although ongoing geopolitical tensions in the Middle East remain a significant risk for the economy’s external position, according to Eurobank research economist Michail Vassileiadis According to the analysis provided by the Eurobank economist, Cyprus’ current account deficit narrowed by 1.8 percentage points of GDP compared with […]

12.05.2026 08:00

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Kıbrıs Cyprus Mail

Usyk has triple choice of trilogies, taunts ‘Greedy Belly’ Fury

Heavyweight world champion Oleksandr Usyk appears to be up for a trilogy fight but Tyson Fury is ahead of new WBO belt-holder Daniel Dubois in the queue of contenders. The undefeated Ukrainian who holds the WBA, WBC and IBF boxing titles has beaten Dubois and British former champions Fury and Anthony Joshua twice each over […]

12.05.2026 08:00

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Kıbrıs Cyprus Mail

Keir Starmer under siege after aides quit and Labour MPs demand resignation

Keir Starmer came under renewed pressure on Monday when four ministerial aides stepped down and more than 70 Labour lawmakers publicly called for the British prime minister’s resignation after his appeal for another chance seemingly fell on deaf ears. At an address to the party faithful in London, Starmer had made an impassioned plea to […]

12.05.2026 07:46

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Kıbrıs Cyprus Mail

AmCham Cyprus to host executive AI forum in Nicosia

The American Chamber of Commerce in Cyprus (AmCham) has announced that its Digital Transformation and Fintech Committee will host a high-level executive forum on artificial intelligence in Nicosia on May 25. The forum will bring together business leaders, policymakers and technology experts to examine how organisations can turn AI compliance into a competitive advantage. The […]

12.05.2026 07:40

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Kıbrıs Famagusta Gazette

EU says airlines must prove fuel shortages to avoid paying compensation for cancellations

Airlines can be exempted from paying compensation for cancelled flights only if they can prove a local fuel shortage caused the disruption, but high fuel prices alone do not qualify as “extraordinary circumstances,” the European Commission has said. The guidance was issued amid fuel‑supply disruptions and route closures linked to the Middle East crisis. The […]

12.05.2026 07:34

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Kıbrıs Famagusta Gazette

Commerzbank to invest in AI, cut up to 3,000 jobs

Commerzbank, Germany’s second‑largest lender, said Friday it will expand its investment in artificial intelligence and cut as many as 3,000 jobs as part of its ongoing restructuring. The bank said in a statement on its first‑quarter results that AI is expected to “free up and partially redeploy around 10 percent” of its workforce capacity, calling […]

12.05.2026 07:33

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Kıbrıs Cyprus Mail

Cyprus Business Now: Bank of Cyprus, shipping, housing, Skroutz, shipping, Cyta

The Bank of Cyprus (BoC) on Monday reported a profit after tax of €121 million for the quarter ended March 31, 2026, supported by strong lending growth, resilient asset quality and robust capital generation. The bank also posted a return on tangible equity (ROTE) of 18.0 per cent during the first quarter of 2026, while basic earnings per share […]

12.05.2026 07:30

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Kıbrıs Cyprus Mail

Oev and Anad discuss skills gap and workforce training

The Education, Training and Young Talent Attraction Committee of the Cyprus Employers and Industrialists Federation (Oev) recently met with the management of the Human Resource Development Authority (Anad) to discuss skills development and labour market competitiveness in Cyprus. According to an announcement released thsi week, the meeting was held on May 5, as part of […]

12.05.2026 07:00

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Kıbrıs Cyprus Mail

Credit expansion signals stronger economic momentum in Greece

Greek banks reported strong credit expansion in the first quarter of 2026, reinforcing expectations that lending growth will support the country’s economic trajectory, according to published banking results and sector forecasts. According to a report from Greek business outlet Newmoney, credit expansion among the three systemic lenders that announced first quarter results reached around €2.9 […]

12.05.2026 06:50

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Kıbrıs Cyprus Mail

Shipowner warns European deindustrialisation is being fueled by expensive LNG

Greek shipowner George Prokopiou has criticised Europe’s energy policy, arguing that political decisions on shipping, natural gas and LNG have left the continent facing higher costs, weaker industry and choices that may prove difficult to reverse.  Speaking at the 1st Mare Forum Chios, Prokopiou delivered a sharp assessment of Europe’s response to the energy crisis, the war in Ukraine and […]

12.05.2026 06:30

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Kıbrıs Cyprus Mail

British jobs market loses momentum as Iran conflict heightens recruiter caution

Britain’s jobs market lost momentum in April after recruiters turned more cautious about hiring as the ​Iran war heightened cost pressures, an industry survey ‌showed on Monday. The monthly Report on Jobs from accountants KPMG and the Recruitment and Employment Confederation, a trade body, showed permanent job ​placements fell at the fastest pace since January, […]

12.05.2026 06:00

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Kıbrıs Cyprus Mail

Late Roman copper slag found in Larnaca Salt Lake area

Copper slag dating to the Late Roman period has been discovered in the Aliki area of Larnaca during archaeological work carried out in 2025, the department of antiquities said on Monday. This discovery was made during the Hala Sultan Tekke Hinterland Project, which ran for three weeks in October and November last year around the […]

12.05.2026 04:24

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Kıbrıs Cyprus Mail

Our View: All the real issues being avoided in Cyprus talks

Negotiations on the Cyprus problem seem to have entered a period that could be described as a lesson in how to maintain the status quo without having a falling out by simply avoiding the real issues. After their meeting on Friday, the leaders came up with several extremely low-level confidence building measures, things they could […]

12.05.2026 04:20

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Kıbrıs Cyprus Mail

US says 18 passengers flown back after hantavirus outbreak on ship

U.S. Department of Health and Human Services officials said on Monday that 18 passengers from the luxury cruise ship hit by a hantavirus outbreak were flown back to the U.S. and quarantined, with the one passenger who tested positive in a Nebraska biocontainment unit. The passengers are currently being monitored for hantavirus at U.S. medical […]

11.05.2026 21:50

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