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1. EU Commission targets Cyprus and others countries in broad legal crackdown

The European Commission has initiated legal proceedings against several EU member states, including Cyprus, for failing to comply with a range of obligations under European Union law....

2. Banks show profit decline, asset growth, and capital strengthening in Q1 2025

The Central Bank of Cyprus released updated data Wednesday showing a decline in bank profits, an increase in assets, and a stronger capital position for the first quarter of 2025....

3. Cyprus sees sharp drop in asylum applications, ranks 8th in EU for reduction

Cyprus recorded a 42% decline in asylum applications in 2024, receiving 6,750 claims, according to the European Migration Network’s Annual Report on Asylum and Migration....

4. Deadlock persists over Crete-Cyprus power cable as funding deadline nears

Tensions are mounting over the Crete–Cyprus electric interconnection (GSI) as a regulatory impasse resurfaces just weeks before a critical August funding deadline. ...

5. Bank of Cyprus: Enhancing accessibility for an inclusive society

Bank of Cyprus is taking dynamic steps to ensure equal access for all citizens to its services, regardless of disability. ...

6. Digital Agenda Cyprus Summit 2025: Beyond AI

7. Limassol woman goes for swim, returns to find bag stolen

A 27-year-old man was arrested Monday afternoon after allegedly stealing a woman’s belongings while she was swimming at a Limassol beach, police said....

8. Vasilikos scandal: Bank accounts under scrutiny in EU probe

Cyprus' political parties are voicing strong support for the examination of bank accounts linked to the failed Vasilikos LNG terminal as part of an ongoing investigation by the European Public Prosecutor’s Office (EPPO). ...

9. Cyprus banks are merging and here’s what that means for you

Cyprus is heading toward a major financial facelift, with a wave of mergers and acquisitions already in motion and expected to accelerate by the end of 2025. Sirens may have marked a different kind of Tuesday morning in Nicosia, but in the banking world, the alarm bells signal transformation....

10. Welcome to Larnaca International, please queue responsibly

If your summer holiday didn’t quite deliver the thrill of an adventure, Larnaca Airport on Friday, July 11, made sure your return trip did....

11. PwC Cyprus: Celebrating international investment and the momentum it brings at the 13th Invest Cyprus International Investment Awards

The 13th Invest Cyprus International Investment Awards were held on Wednesday, July 9, 2025, reaffirming Cyprus’ position as a regional hub for international business and recognising distinguished foreign investors who continue to place their trust in the country....

12. Deposit rates fall for households and businesses, while mortgage rates climb

Average interest rates on deposits from households and businesses in Cyprus declined in May compared to April, while average mortgage rates edged higher, according to data released Thursday by the Central Bank of Cyprus....

13. Cyprus taps U.S. and EU defense funds to strengthen military

Cyprus is taking steps to strengthen its military capabilities with help from both the European Union and the United States, government officials announced on Wednesday, marking another sign of deepening strategic ties between Nicosia and Washington....

14. Scammers pose as clients and bank officials to dupe Nicosia businessman out of €14,500

A 57-year-old businessman in Nicosia was scammed out of €14,500 after falling victim to a sophisticated phone fraud scheme, police said Tuesday....

15. Agricultural plots for sale by AstroBank

AstroBank has listed for sale large agricultural plots in Nicosia, Limassol, Paphos, and Larnaca that are ideal as investments....

16. Woman loses €18,760 in new wave of fake fine text scam

A 62-year-old woman in Nicosia was scammed out of nearly €19,000 after falling victim to a fake text message claiming she owed a traffic fine, police said on Monday....

17. Cyprus pressured to pay for stalled power cable project

Cyprus is under growing pressure from both Greece and Brussels to commit funds to the delayed Cyprus-Crete electricity cable project, despite serious concerns over its viability and geopolitical risks in the region....

18. June Newsletter of K. Treppides & Co Ltd – 27/06/2025

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....

19. Guardians of local flavor

The Gastronomos Quality Awards returned for the 11th year, shining a spotlight on the people who keep Cyprus’ food traditions alive, the farmers, producers, and small business owners who work with care, passion and respect for their roots....

20. Bank of Cyprus sheds €2.5B in real estate, marks biggest property sale in island’s history

The Bank of Cyprus has officially sold off more than €2.5 billion worth of real estate, over 5,100 properties, through its Real Estate Management Unit (REMU), marking a major milestone in clearing long-standing burdens from its balance sheet, according to Kathimerini's Panayiotis Rougalas....

21. Eurobank Group to Build Care Centre and Independent Living Residences for People with Disabilities

In a firm commitment to social inclusion and care of vulnerable groups, Eurobank is reinforcing its social role by announcing the development of a Day Care Centre for People with Disabilities over the age of 21, along with two Independent Living Residences for adults with autism....

22. Columbia Group buys Venus Rock Golf for €132M in one of Cyprus’ biggest real estate deals

One of the largest real estate deals ever recorded in Cyprus closed Monday morning, as the Columbia Group signed a €132 million agreement to acquire the sprawling Venus Rock Golf resort in Paphos....

23. Ireland first to ban goods from Israeli settlements

Ireland is making history as the first European country to introduce a law banning the import of goods from Israeli settlements in the occupied Palestinian territories, a move that could send ripples across the EU and beyond....

24. Cypriot businesses go greener as hundreds certified in nationwide ESG initiative

Nearly 1,000 Cypriot businesses have joined a nationwide push toward sustainability, with two-thirds already certified under Environmental, Social, and Governance (ESG) standards, marking the first-year results of a collaborative interbank initiative aimed at promoting responsible business practices....

25. Eurobank eyes dual listing on Cyprus and Athens stock exchanges after Hellenic Bank exit

Greece’s Eurobank is considering listing its shares on the Cyprus Stock Exchange (CSE), just as Hellenic Bank prepares to officially delist on June 30, 2025, sealing a €1.3 billion investment deal that signals strong faith in the Cypriot economy....

26. S&P Global Ratings upgrades Freedom24 outlook to positive, citing stronger risk management

S&P Global Ratings has revised its outlook on Freedom Finance Europe Ltd., operating under the Freedom24 brand, from stable to positive, while affirming its 'B+/B' long- and short-term issuer credit ratings....

27. Trump offers $30B to Iran to ''ditch'' the enrichment

In a dramatic shift from bombs to diplomacy, the Trump administration is reportedly considering a bold new offer to Iran: up to $30 billion in foreign financing to help build a nuclear energy program, so long as Tehran agrees to give up uranium enrichment entirely....

28. MP's approve €100M fund to aid 2013 bank crisis victims

Twelve years after the 2013 banking crisis devastated thousands of depositors and investors, Cyprus’ Parliament has approved a long-awaited budget for the National Solidarity Fund, unlocking €100 million in compensation for those hardest hit....

29. Bank of Cyprus to auction cars of all kinds on July 1

If you’re looking for a bargain on a car, the Bank of Cyprus may have just what you need....

30. Building Stronger Bonds with Society – Bank of Cyprus Event Brings Together NGOs and Volunteers

Bank of Cyprus successfully hosted the event titled “Building Stronger Bonds with Society”, which brought together non-governmental organisations (NGOs), charitable foundations, and volunteer groups with the goal of strengthening collaboration and long-term sustainability....