BANKS The general manager, appointed by the Board of Directors, is responsible for carrying out the board’s decisions, offering recommendations, and overseeing the Association’s day-to-day operations. Race heats up for Cyprus Banking Association’s top job Newsroom After two decades at the helm, Michalis Kammas will step down as general manager of the Cyprus Banking Association by the end of the year, opening the door for a new face to lead the country’s powerful banking lobby. READ MORE
AEGEAN is named ''Best Regional Airline in Europe'', at the Skytrax World Airline Awards 2025 for the 14th consecutive year Press Release 24/06/2025 | BUSINESS
Cyprus reinstates Abramovich firm to go after directors for €25M tax debt Authorities revive yacht company to launch criminal charges and recover millions owed to the state. Newsroom 23/06/2025 | BUSINESS
Cyprus approves electricity grid storage projects to boost energy reliability Three major battery storage systems approved to strengthen Cyprus’ electricity grid and support renewable energy integration. ... Newsroom 22/06/2025 | BUSINESS
Chamber of Commerce pushes for overhaul of tax bill to attract global Cypriot talent KEBE urges reforms to “Minds in Cyprus” initiative, calling for degree recognition overhaul and long-term strategy. Newsroom 21/06/2025 | BUSINESS
Swiss Central Bank slashes interest rates to 0% to fight soaring Franc and deflation Rate cuts aim to weaken currency and jump-start economy, but risks remain for savers and banks Newsroom 20/06/2025 | BUSINESS
Two fuel importers raise prices in Cyprus with others expected to follow suit within days Initial hikes follow surge in global oil prices triggered by Iran-Israel conflict. Newsroom / CNA 19/06/2025 | BUSINESS
Cabinet looks to end decades-long debate on multiple pensions Revised retirement bill aims to regulate lump-sum payouts and curb overlapping benefits for state officials. Newsroom 18/06/2025 | BUSINESS
Alpha Bank Cyprus to acquire Astrobank in €200 million deal Deal to expand Alpha Bank Cyprus’ market share and boost profitability as non-performing loans decline. Newsroom 18/06/2025 | BUSINESS
Cyprus salaries rise by 13% over two years, Labour Minister says Median wage nears €1,900 as low-income earners decline by 30%. Newsroom 18/06/2025 | BUSINESS
