Cyprus Mail

Kıbrıs 18.02.2026 11:26

Laiko Group to unify operations in major corporate restructuring

Cyprus-based Laiko Group will proceed with a corporate restructuring that will dissolve Laiko Holdings Public Ltd and absorb it into Laiko Kafekopteio Public Ltd, according to the restructuring plan published in the Official Gazette earlier this month. According to the plan, following a share exchange, Laiko Kafekopteio will also become the sole shareholder of LOEL […]

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Kıbrıs 18.02.2026 11:04

Attorney-general to appeal Syllouris, Giovanis acquittal

The Law Office will appeal Tuesday’s acquittal of former House President Demetris Syllouris and former Akel MP Christakis Giovanis, who were on trial for their alleged involvement in the ‘golden passports’ scandal. The Nicosia criminal court’s ruling was studied on Tuesday by the legal service, which deemed it could be appealed. The decision is expected […]

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Kıbrıs 18.02.2026 10:47

Bank of Cyprus reports €481m after-tax profit, record lending growth

The Bank of Cyprus (BoC) on Wednesday released its financial results for 2025, reporting a profit after tax of €481 million and increased lending activity. Specifically, the bank achieved record new lending of €3 billion, marking an increase of 23 per cent year-on-year. “2025 was another strong year for Bank of Cyprus, demonstrated by our […]

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Kıbrıs 18.02.2026 10:30

FDI: new rules for foreign investment

By Theodora Alexandrou, Maria Vyronos and Alexandra De Gouveia Cross-border investment has long been one of the most powerful engines of economic integration, shaping markets, supply chains and corporate strategies across jurisdictions. In an increasingly interconnected world, capital no longer flows merely to seek returns, but to secure access to technology, resources, infrastructure, and strategic […]

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Kıbrıs 18.02.2026 10:03

Kombos heads to Washington for Board of Peace council

Foreign Minister Constantinos Kombos will travel to Washington DC on Wednesday to represent Cyprus at Thursday’s meeting of the Gaza Board of Peace with observer status. The meeting will focus on the next steps for implementing the Sharm el-Sheikh peace agreement and President Donald Trump’s own peace plan, which was endorsed by the UN Security […]

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Kıbrıs 18.02.2026 09:55

Painting, sculpture and mosaic exhibition in Nicosia

A painting, sculpture and mosaic exhibition opens at Gloria Gallery this February, presenting the works of the distinguished Cypriot artist George Kotsonis. The opening on Friday will be held inaugurated by former Disy president Averof Neophytou. “George Kotsonis is considered one of the most important and widely recognised Cypriot artists of his generation,” comments Gloria […]

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Kıbrıs 18.02.2026 09:53

Nato 1.0 is dead. Long live Nato 2.0

Every year at this time the North Atlantic Treaty Organisation (Nato), the world’s most powerful alliance for the past 77 years, holds a conference in Munich to examine its state of health. The one just past was really a wake, but it played out more like the immortal Dead Parrot sketch from Monty Python, in […]

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Kıbrıs 18.02.2026 09:41

Trump Hails Greek-American Ties as ‘Stronger Than Ever’

President Donald Trump said relations between the United States and Greece are “stronger than ever” during the presentation of credentials by Greece’s new ambassador to Washington, Antonis Alexandrides. Speaking at the White House, Trump described the relationship as “strong and historic”, grounded in “a shared democratic and spiritual heritage”, and said he looked forward to […]

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Kıbrıs 18.02.2026 09:35

Early-morning fire damages cars and apartment block in Nicosia

A car owned by a 54-year-old man was extensively damaged by fire in the early hours of Wednesday in Nicosia, with a second vehicle and parts of a residential building also affected. The fire broke out at around 3.00am in the Lykavitos area of Strovolos, where the vehicle was parked in a ground-floor parking area […]

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Kıbrıs 18.02.2026 08:58

Former Israeli PM claims Turkey now rivals Iran as greatest security threat

Former Israeli prime minister Naftali Bennett warned on Tuesday that Recep Tayyip Erdogan is positioning Turkey as a major strategic threat to Israel, describing Ankara as “the new Iran”. Speaking at the Conference of major American Jewish organisations in Jerusalem, Bennett said Turkey under Erdogan is “a sophisticated and dangerous adversary who wants to encircle […]

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Kıbrıs 18.02.2026 08:49

Three arrested in overnight police operations as road checks ramped up

Three individuals were arrested during coordinated police operations carried out nationwide overnight and into Wednesday. According to police, the arrests concerned offences including threats, assault and illegal residency. Furthermore, during the night, police carried out 473 checks of drivers and passengers, alongside 23 inspections of premises. Traffic patrols resulted in 143 complaints for road violations, […]

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Kıbrıs 18.02.2026 08:38

19-year-old-woman killed in car crash at Sotira

Police have confirmed a 19-year-old woman was killed and three other young people were injured following a car crash in the early hours of Wednesday in the Limassol village of Sotira. The crash occurred at around 1.30am on Ayia Thekla avenue. The victim was identified as a resident of Sotira. According to police, the vehicle […]

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Kıbrıs 18.02.2026 08:27

Yellow weather warning ahead with rain, dust and gale-force winds

Wednesday brings unsettled and potentially dangerous weather across Cyprus, with strong winds, rain, isolated thunderstorms and elevated dust levels across much of the island. A yellow warning for winds remains in force until 4pm, as gusts are expected to reach 75 to 100 kilometres per hour. According to the met office, the atmosphere shall remain […]

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Kıbrıs 18.02.2026 08:14

Vinicius earns Real 1-0 win at Benfica in match marred by racism row

Vinicius Jr scored a sublime second-half winner as Real Madrid beat Benfica 1-0 in their Champions League playoff first leg on Tuesday, a night overshadowed by the Brazilian accusing Benfica’s Gianluca Prestianni of directing a racist slur at him. The alleged incident occurred moments after Vinicius had curled Real ahead five minutes into the second […]

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Kıbrıs 18.02.2026 08:08

Ukraine says it won’t cede more Donbas territory despite US pressure

Ukrainian President Volodymyr Zelenskiy said U.S. President Donald Trump was exerting undue pressure on Kyiv to move quickly toward a resolution of the nearly four-year war with Moscow, as Ukrainian and Russian negotiators wrapped up the first of two days of U.S.-mediated peace talks in Geneva on Tuesday. In an interview with Axios published the […]

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Kıbrıs 18.02.2026 08:00

Concentrated bank exposures raise stability concerns

The European Central Bank and the European Systemic Risk Board have published a joint report warning that growing links between banks and the non-bank financial intermediation sector create vulnerabilities that could amplify stress in adverse market conditions. The report, entitled “Financial stability risks from linkages between banks and the non-bank financial intermediation sector”, finds that […]

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Kıbrıs 18.02.2026 07:30

Cyprus Business Now: shipping, banks, taxes, electricity, forex, digital services, developers

Cyprus’ Real Estate Development Association pledged support for efforts to promote affordable housing at EU level during a meeting this week with Interior Minister Constantinos Ioannou. According to the association’s announcement, the discussion focused on housing, particularly affordability, which was described as one of the most pressing challenges facing European societies. Association president Yiannis Misirlis […]

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Kıbrıs 18.02.2026 06:30

Investors warn of overinvestment as market sentiment stays bullish

Global investors are increasingly worried that companies are overinvesting, just as market sentiment remains “uber bullish” and further asset gains look harder to achieve, Bank of America’s monthly fund manager survey showed this week. The poll of 162 managers overseeing $440 billion found cash balances rose to 3.4 per cent from January’s record low 3.2 per […]

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Kıbrıs 18.02.2026 06:00

CSM Energy takes delivery of new platform supply vessel

CSM Energy announced the successful delivery and takeover of the management of a newbuild Platform Supply Vessel (PSV), marking a significant milestone in the company’s fleet expansion programme. The vessel is the first large PSV from the SPEC SPP40 series, constructed at a shipyard in China and delivered following the successful completion of sea trials […]

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Kıbrıs 18.02.2026 04:24

Carnival looks fun. But look closer

Every year, the Limassol Carnival fills the streets with colour, music and thousands of people celebrating together. What we don’t see as clearly is what is left behind. Large public events like parades and street parties during carnival generate more than 45 tons of waste in just a few hours, from spray cans, glass bottles, […]

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Kıbrıs 18.02.2026 04:00

Our View: No exaggeration to say Christodoulides’ hopes for defence are wildly high

Over the coming years, Cyprus’ defence industry will reach double digits in relation to the country’s GDP, President Nikos Chrisotodoulides said on Monday as he welcomed the members of the Cyprus Defence Industry Council to the presidential palace. This body was set up a year ago by the president and he called the meeting to […]

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Kıbrıs 17.02.2026 22:35

Allegations of corruption engulf north’s ‘prime minister’

Serious allegations of corruption and money laundering involving the north’s ‘prime minister’ Unal Ustel and his son surfaced on Tuesday, placing renewed pressure on an administration already facing multiple criminal investigations. According to testimony cited by Turkish Cypriot media sources, a key witness with links to the late businessman Halil Falyalli alleged that large sums […]

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Kıbrıs 17.02.2026 22:12

Russia’s Petrosian stuns in Olympic figure skating debut

Russian teenager Adeliia Petrosian heads into her Olympic debut on Tuesday as an untested but technically loaded Olympic wild card, with former skaters saying her quad jumps and triple Axel firepower could put her on the podium if she delivers. She is largely untested on the global stage due to the International Skating Union’s ban […]

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Kıbrıs 17.02.2026 22:00

Cyprus lodges complaint to UN over Turkish air and naval violations

Cyprus has formally complained to the United Nations over what it describes as an “extensive series of airspace and maritime violations” by Turkey, submitting a detailed letter to the UN secretary-general on Tuesday covering incidents recorded in the final four months of 2025. In the letter addressed to Antonio Guterres, the Republic seeks to draw […]

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