Economy

Hotel occupancy hits 85% but falls short of last year

Cyprus tourism bookings for July and August are averaging around 85% nationwide, a noticeable decline compared with last year’s record performance, according to the...

Paramount secures EU nod for $110 billion Warner Bros deal, US hurdles ahead

Paramount Skydance Corp on Wednesday gained European Union antitrust ​approval for its $110 billion acquisition of Warner Bros Discovery after ‌agreeing to ditch a film distribution...

Cyprus apartment prices climb as construction costs rise

Building material costs rise by 3% Construction costs and property prices in Cyprus continued their upward trend in 2026, driven by higher building material costs,...

New co-operative bank launches €42m public share offer

The Cyprus Co-operative movement has launched a €42 million public share offer to raise capital for the creation of a new Co-op bank. The public...

Cyprus records EU’s second-largest annual public debt drop

Cyprus' gross government debt fell to 54.6% of GDP at the end of the first quarter of 2026, according to figures published by Eurostat...