Bank of Cyprus (BoC) has capped a "landmark year" with a net profit of €481 million for 2025, fueled by a historic surge in new lending and a robust domestic economy. At a press conference held on Wednesday, February 18, 2026, CEO Panicos Nicolaou unveiled the preliminary results, highlighting a final quarter that contributed €128 million to the bottom line. The bank’s performance has paved the way...
Cyprus is defying the traditional "off-season" slump, with Larnaca and Paphos airports reporting a substantial 16% increase in passenger traffic between November 2025 and January 2026. This growth, compared to the same period in 2024/2025, signals a successful shift toward establishing the island as a year-round destination. Maria Kouroupi, Director of Aviation Development at Hermes Airports, attributed...
The Cypriot economy demonstrated a powerful and broad-based expansion throughout 2025, with key sectors from tourism to heavy industry hitting significant milestones. According to the "Monthly Economic Developments" bulletin released on Tuesday, February 17, 2026, by the Statistical Service of Cyprus (CyStat), the island saw upward trends in almost every major economic indicator, signaling a robust...
Finance Minister Makis Keravnos delivered a glowing appraisal of the Cypriot economy this Friday, confirming that the nation has maintained its powerful upward trajectory despite a volatile global landscape. Citing fresh preliminary data, Keravnos revealed that Cyprus capped off 2025 with a seasonally adjusted growth rate of 4.5% in the fourth quarter. The figure is a significant beat against the broader...
In what is being hailed as a transformative moment for the nation’s construction sector, the Parliamentary Committee on Interior has advanced a sweeping legislative package that will mandate expert supervision for all building and renovation projects. No longer a suggested practice, professional oversight by certified architects and engineers will become a legal requirement for everything from massive...
Cyprus has cemented its position as one of the fastest-growing economies in the European Union, ending 2025 on a high note. According to a flash estimate released by the Statistical Service of Cyprus (Cystat) on Friday, February 13, 2026, the nation's seasonally adjusted Gross Domestic Product (GDP) soared by 4.5% in the fourth quarter compared to the same period in 2024. This performance not only marks...
The Cyprus Land Development Corporation (CLDC) is preparing for a landmark year in social policy as it gears up to launch two major residential developments in 2026. Speaking at a press conference in the capital this Wednesday, CLDC Chair Elena Koushou confirmed that these upcoming projects are a direct result of the government’s reinforced 'affordable rent' initiative, aimed at cooling the island's...
The Cypriot banking sector continues to shed its legacy of 'bad debt', with the latest figures showing a marked improvement in asset quality. According to fresh data released by the Central Bank of Cyprus (CBC) on Tuesday, February 10, 2026, the ratio of Non-Performing Loans (NPLs) fell to 4% as of late November 2025. This figure, which excludes loans to central banks and other credit institutions,...
A deepening water crisis is quickly evolving from an environmental concern into a defining structural risk for the Cyprus real estate market. With dam levels hovering at a critical 11%–12% capacity as of February 2026, the era of "limitless" water is over, triggering a paradigm shift in how properties are developed, priced, and managed. As the government moves toward emergency cuts and "green" tax...
In response to a surge in international investment driven by regional instability, the Cyprus House of Representatives is moving to consolidate and tighten the rules governing how non-EU nationals purchase property. The goal is to replace a patchwork of outdated regulations with a single, modern legislative text by May 2026. Interior Minister Konstantinos Ioannou informed the House Internal Affairs...
