Cyprus’ housing market recorded a strong start to 2025, with residential property sales rising sharply in both volume and value during the first quarter, according to a report released on Thursday by Landbank Analytics.

Cyprus is expected to experience a decline in both rental and property purchase prices in the coming years, President Nikos Christodoulides announced.

The government is committed to implementing tax reform on January 1, 2026, and “this is something that cannot be changed,” President Nikos Christodoulides said on Tuesday.

Cyprus has taken a significant step in strengthening its regulatory framework for investment funds, following the House of Representatives’ approval of the Investment Fund Administrators Law.

Hellenic Bank will officially adopt the name Eurobank Limited following its legal consolidation with Eurobank Cyprus, according to a decision by the board of directors on May 27.

Cyprus is stepping up efforts to bolster its maritime sector, with President Nikos Christodoulides reaffirming that shipping will be among the key priorities during the country’s upcoming EU Council Presidency in 2026.

Cyprus recorded €43.8 million in high-value property transactions in April 2025, marking a 52.8 per cent drop compared to March, according to real estate analytics firm Ask Wire.

The Cyprus Shipping Chamber (CSC) successfully held its 36th Annual General Meeting on Tuesday, in Limassol, attending senior  officials, diplomats, party representatives and the entire shipping community.

The Research and Innovation Foundation (RIF) announced that it will soon launch new calls for three funding programmes, aimed at both established and start-up businesses.

Cyprus and Finland pledged to deepen maritime cooperation during a bilateral forum in Helsinki just ahead of the working visit of Cyprus President Nikos Christodoulides to Finland, which began the day after.