Cyprus joins EU’s new AI hub network

Cyprus is officially getting its own Artificial Intelligence Center as part of a new European Commission initiative to boost the bloc’s AI power and make high-tech tools more accessible to everyone, from researchers to small startups. The...

Cyprus’ Financial Regulator Warns of AI, Social Media Investment Scams

Investors need to be wary of dubious investment promotions driven by Artificial Intelligence and social media influencers, said the head of Cyprus’ financial regulator CYSEC Giorgos Theocharidis. The warning comes as Cyprus is trying to establish...

New scholarships to help Cypriot women break into tech and shipping

Ten Cypriot women will soon have the chance to study in the fields of shipping, innovation, and technology, thanks to a new scholarship program announced by the Office of the Commissioner for Gender Equality and the Cyprus State Scholarships...

EU agencies withdraw reference to ‘Turkish Republic of Northern Cyprus’ after backlash

FOREIGN AFFAIRS The headquarters of the European Central Bank in Frankfurt [EPA]. The Joint Research Centre (JRC) and the European Defense Agency (EDA) have withdrawn a reference to the Turkish-occupied area of Cyprus as the “Turkish Republic of...

Cypriot entrepreneur to donate €100,000 awarded by Sir Stelios

23-year-old George Chrysostomides, founder of Shrine Solutions Ltd (shrine.io), has announced that he will donate the entire €100,000 awarded to him by Sir Stelios Haji-Ioannou to support young entrepreneurs and families in need. Chrysostomides...

Cyprus property market steadies as foreign demand offsets higher costs 

Cyprus’ property market is calmer this year, with foreign demand still providing momentum even as higher borrowing costs, rising construction prices and new environmental realities begin to reshape investment decisions. According to data from the...

The best places to feel the perfect breeze, according to scientists

If you’ve ever found yourself chasing that just-right seaside breeze, you’re not alone, and now, science says it’s finally been measured. According to a new study from AllClear Travel Insurance, created in partnership with Jim N. R. Dale, former...

Cyprus youth report high anxiety levels, mental health study finds

A new study reveals that 86% of young people in Cyprus experience high levels of anxiety and fear about the future, reflecting the impact of growing up amid economic, social, and existential uncertainty. The research, conducted by the Ministry of...

Cyprus Business Now: Eurobank merger, shipping, government surplus, trade, FDI

Business & economy wrap-up from the day before Eurobank Limited on Friday announced the completion of the merger of its Cypriot insurance subsidiaries, marking a significant development in the consolidation of its insurance operations in Cyprus....

Cyprus joins EU pilot project to verify online user age and protect minors

Home Cyprus Cyprus joins EU pilot project to verify online user age and protect minors Cyprus has joined a European Commission pilot initiative aimed at developing a secure and interoperable system for verifying the age of internet users, the...

Cyprus innovation hub: Explore at Gitex Global 2025

Cyprus will participate for the fourth consecutive year at Gitex Global 2025, reaffirming its growing role as a strategic connectivity hub for innovation and technology in the region and beyond, with strong links to GCC markets. Organised by the...

What are Cyprus’ defence funds being spent on?

Closer ties with Israel and the US have seen the arrival of improved defence systems With increased defence spending recently announced, the Cyprus military has acquired some impressive weapons systems, provoking a reaction – if perfunctory – from...

Cyprus joins EU pilot to verify online users’ age

Cyprus has joined a European pilot project to develop a secure and interoperable system for verifying users’ age online, Deputy Innovation Minister Nicodemos Damianou announced on Friday. The initiative, led by the European Commission, aims to...

Tax Revenues and Jobs. The Economic Ripple Effect of Ireland’s Online Casino Growth

What was once viewed as a niche pastime has evolved into a well-regulated, revenue-generating industry that supports thousands of jobs and injects millions into the Irish economy every year. The online casino scene now sits at the crossroads of...

Cyprus steps up to protect kids online

Cyprus is taking a firm step to protect children from the dangers of the online world, joining a European Commission pilot project aimed at developing a secure way to verify users’ ages. The goal? To keep minors away from harmful, addictive, and...

Cyprus hands over interconnector permits to Admie

Cyprus’ energy regulatory authority (Cera) on Friday formally handed over two permits related to the construction of the Great Sea Interconnector to Greece’s independent transmission system operator Admie. The permits are the interconnection line...

Cyprus-Greece forum calls for stronger bilateral cooperation

One of the central themes of the recently-concluded Cyprus–Greece Business and Investment Forum was that the two countries should pursue stronger collaborations, partnerships, and joint ventures to bolster their economies and expand into...

Cyprus shipping backs global ‘net-zero framework’ push

The Cyprus Shipping Chamber (CSC) expressed its strong support for a joint statement by seven leading international maritime organisations urging governments to adopt the ‘Net-Zero Framework’ (NZF). The proposal is set to be discussed at next...

Cyprus investments association backs FDI control bill

The Cyprus Association of Large Investment Projects has backed a bill to establish a national mechanism for the control of foreign direct investments (FDI), saying it will bolster the credibility of the state and the economy without deterring...

Cyprus Business Now: innovation, employment strategy, tax, energy, Cyta

Cyprus is pushing ahead with a new model of governance that puts people, trust and innovation at its core, Deputy Minister to the President Irene Piki said on Thursday, opening the Digital Agenda Cyprus Summit 2025 in Nicosia. She said the...