Appears on
Articles53
Cypriots Stick To Familiar Summer Choices, But Cruises Are Gaining Ground
Cypriots are sticking with familiar holiday choices this summer, with the Greek islands remaining the most popular destination, while Italy and France continue to lead demand across Europe. At the same time, one travel trend is gaining momentum: cruises are becoming an increasingly popular way to spend a summer holiday. Familiar Destinations Still Lead The [
EU Overhauls Air Passenger Rights: What Travelers Need To Know
A delayed flight, a last-minute cancellation or a missed connection can quickly derail a trip. Under European law, however, such disruptions may also entitle passengers to financial compensation and assistance. The issue has returned to the spotlight after EU member states reached a political agreement on the most significant reform of air passenger rights s
Cyprus Parliament Approves New Business Development Agency
Parliament Approves Cyprus Business Development Agency Cyprus’ House of Representatives unanimously approved legislation on Tuesday establishing the Cyprus Business Development Agency (KOAE), following the adoption of several amendments proposed by lawmakers. The agency is intended to improve access to finance for small and medium-sized enterprises, startups
Brussels Puts Housing Affordability At The Centre Of Social Policy
Preventing homelessness and expanding access to affordable housing topped the agenda in Brussels this week as the European Parliament’s Employment and Social Affairs Committee (EMPL) discussed new EU measures to tackle housing exclusion. The debate comes as Cyprus continues to report a lower-than-average risk of poverty and social exclusion, despite growing
Euro Area Trade Returns To Deficit As Imports Surge
The euro area’s trade balance slipped back into deficit in May 2026 as a sharp rise in imports outpaced largely flat export growth, reversing the €15.0 billion surplus recorded a year earlier, according to Eurostat. Imports Outpace Exports Exports edged up just 0.1% year on year to €243.6 billion in May, while imports jumped 10.0% […]
Beehiiv Expands Beyond Newsletters With Community And AI Tools
Beehiiv is expanding beyond newsletters with the launch of Community, a new feature that lets subscribers interact directly on the platform, and Copilot, an AI assistant designed to help creators grow their audiences and improve performance. The additions are part of the company’s broader effort to position itself as an all-in-one platform for creators. Foll
Fora Raises $60 Million At Nearly $1 Billion Valuation
Travel startup Fora has raised $60 million in fresh Series D funding, lifting the company to a $1 billion valuation and underscoring investor conviction in a business model built around the modernization of travel advising. A Platform Built For Both Sides Of The Market Founded in 2021, Fora operates a two-sided platform designed to streamline […]
Keve Welcomes New Cyprus Business Development Organisation
The Cyprus Chamber of Commerce and Industry (Keve) has welcomed Parliament’s unanimous approval of legislation establishing the Cyprus Business Development Organisation, describing it as a major step toward improving access to finance for small and medium-sized enterprises, startups and self-employed professionals. Expanding Access To Finance The legislation
Stek Renews Call For Tougher Action On Illegal Short-Term Rentals
The Association of Cyprus Tourist Enterprises (Stek) has renewed its call for stricter oversight of short-term holiday rentals, arguing that a recent Audit Office report confirms long-standing concerns about weak regulation and enforcement. Audit Findings Reinforce Long-Standing Concerns According to Stek, the report exposes significant shortcomings in the s
SpaceX Shares Slide Back To IPO Price As Post-Debut Rally Fades
SpaceX shares fell back to just above $135 on Wednesday, returning to roughly the price set by Elon Musk and the company ahead of the blockbuster June 12 public offering, which raised nearly $86 billion. After trading below the IPO price for much of the session and dipping under $133 at one point, the stock […]
Stripe And Advent Reportedly Bid To Buy PayPal In $53.4 Billion Deal
Stripe and private equity firm Advent International have reportedly submitted a joint bid to acquire PayPal in a deal valued at about $53.4 billion, according to Reuters. The offer, backed by roughly $50 billion in committed bank financing, was reportedly submitted earlier this month. A Potential Combination Of Two Payments Heavyweights If completed, the tra
Cyprus Innovation Leaders Gather For RIF’s Annual The Bash 2026
More than 200 leaders from Cyprus’ research, innovation and entrepreneurship community came together on Tuesday for The Bash 2026, the annual flagship networking event of the Research and Innovation Foundation (RIF). Held under the theme “Let’s Cheers to Innovation Together!”, the gathering brought into one room the startups, scaleups, investors, academics,
Cyprus Growth Slows To 3% As Imports Weigh On Net Exports, While Construction Remains A Key Support
The Cypriot economy grew 3.0% year on year in the first quarter of 2026, marking its slowest pace in 10 quarters as a rebound in imports reduced the contribution from net exports. Domestic demand, however, remained resilient, supported by stronger private consumption, low unemployment and continued strength in residential investment. Imports Dampen First-Qua
CySEC Urges Regulated Firms To Help Shape New EU AML Rules
The Cyprus Securities and Exchange Commission (CySEC) is encouraging regulated entities to participate in two public consultations launched by the European Anti-Money Laundering Authority (AMLA), as the European Union moves to strengthen and harmonise its anti-money laundering framework. Covering draft technical standards, the consultations will help shape h
Russians Accounted For Half Of Foreign Property Purchases In Cyprus In 2025
Russian buyers accounted for 51% of foreign residential property purchases in Cyprus in 2025, according to a report published by Russian business magazine Business Petersburg. Cyprus Retains Its Pull For Russian Capital Despite European sanctions and tighter banking controls, Cyprus continues to attract Russian property buyers. According to the report, the i
Only 63.9% Of Young Cypriots Have Basic Digital Skills, Eurostat Finds
Cyprus continues to lag behind the European Union average in digital skills among young people, even as the bloc records steady progress in digital literacy. New Eurostat data released on Wednesday also show that Cyprus has the widest gender gap in the EU, with young women significantly outperforming young men. Cyprus Falls Short Of The […]
How Permitting Delays Add €60,000 To The Cost Of A New Apartment In Cyprus
Planning and permitting delays are quietly becoming one of the biggest cost drivers in Cyprus’s housing market, adding an estimated €60,000 to the price of the average new apartment without increasing developers’ profits. That is the warning from Yiannis Misirlis, chairman of the Cyprus Property Developers Association (CPDA), who argues that delays, rather t
Economist Welcomes Return Of Cooperative Bank As Cyprus Weighs Competition And Access
Plans to revive Cyprus’ cooperative banking model could strengthen competition in the country’s financial sector, improve consumer choice and deliver broader economic benefits, according to Argyris Alexandrou, president of the Cyprus Association of Economics Teachers. His comments come as efforts to re-establish the Pancyprian Cooperative Bank enter a key fu
David Beckham-Backed IM8 Secures Up To $1 Billion In Non-Dilutive Funding
David Beckham-backed startup IM8 has secured up to $1 billion in financing from General Catalyst’s Customer Value Fund, according to a company announcement on Tuesday. How General Catalyst’s Customer Value Fund Works The financing is not a traditional venture capital investment. Instead, General Catalyst’s Customer Value Fund (CVF) provides non-dilutive grow
Spotify Brings Interactive AI Conversations To Its Listening Experience
Spotify Expands Its AI Playbook Spotify is taking another step toward making artificial intelligence a core part of how users discover and control audio. On Tuesday, the company announced that Premium subscribers can now hold interactive conversations with the app to find music, podcasts and audiobooks. The feature is rolling out in beta to English-speaking