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421. Father of teen killed by Takata airbag receives second request to pay for replacement

The father of 19-year-old Styliani Giorgalli, who died in a car accident on Oct. 21, 2024, has received a second request to pay for a replacement Takata airbag linked to her death....

422. The Cruise Industry: A Catalyst for Economic Growth

The global cruise industry has emerged as a significant catalyst for tourism development, contributing substantially to local and national economies....

423. No tender, no permits, no problem

A construction project meant to modernize part of Cyprus’ local government system is under fire after the Auditor General uncovered a series of irregularities, from bypassing public tenders to starting work without building permits or signed contracts....

424. BoC eyes bigger role in your financial future

Beyond its moves into the insurance sector, Bank of Cyprus is actively exploring additional ways to increase the bank’s overall value. ...

425. Will they at least stabilize?

In May 2025, the Consumer Price Index rose by 0.26 points, reaching 117.57 compared to 117.31 in April. Inflation for the month fell by 0.2%, a rare event not seen in years, not since the Covid-19 crisis....

426. Thousands see cheaper monthly payments as BOC lowers loan rates

Cyprus homeowners and businesses, take note: your loan payments might be about to shrink....

427. IMF and EU to Cyprus: Cool it on the pay rises, you're not made of money

Cyprus may be riding high on economic growth, but the message from international watchdogs this week is blunt: slow down the spending, especially on public salaries, or risk unraveling the progress....

428. Alpha Bank sets sights on Cyprus insurer Altius in expansion push

Alpha Bank is in talks to buy Altius Insurance, a Cyprus-based insurance company it already works with to sell insurance products through its branches. While nothing has been finalized yet, sources say discussions have progressed to a potential acquisition....

429. New U.S. travel ban to block visitors from nearly 20 countries

In a move that echoes one of the most controversial policies of his presidency, former U.S. President Donald Trump has signed a new travel proclamation that blocks or restricts entry into the United States from nearly 20 countries....

430. Paralimni-Deryneia earns most Blue Flags in Cyprus as island celebrates record year for beach quality

The Municipality of Paralimni-Deryneia has been recognized as the national leader in coastal excellence, receiving 18 of Cyprus’s 66 Blue Flag awards at the 2025 national ceremony held Wednesday at Fig Tree Bay, Protaras....

431. Unemployment drops 9.6% in May compared to last year

The number of registered unemployed in Cyprus fell to 7,378 in May, a 9.6% drop compared to the same month last year, according to figures released Wednesday by the Statistical Service....

432. Cypriots cruise into summer despite rising costs

Despite rising travel costs, Cypriots are going full steam ahead with their summer holiday plans, and this year, cruises are leading the way....

433. Cyprus ranks second in share of foreign tourists in Q1 2025

Cyprus had the second highest share of overnight stays by foreign tourists in the first quarter of 2025, according to monthly data on tourist accommodation published by Eurostat, the EU’s statistical agency....

434. Nicosia’s new square debuts tonight with the Epic Street Fest

The wait is over. Nicosia’s brand-new square at the old GSP stadium is officially opening its doors tonight, and it’s doing so with a bang....

435. Lidl Cyprus highlights the value of its collaboration with Evrofarma during a press trip to the heart of greek production

Lidl Cyprus organized a unique press trip to the facilities of its strategic partner, Evrofarma, in Didymoticho, in celebration of World Milk Day....

436. Cyprus cruise season launches with 170,000 travelers expected in 2025

The Daleela ferry launched its first voyage of the 2025 Cyprus–Greece maritime season on Saturday, as officials announced a surge in cruise tourism and reaffirmed the country's ambitions to become a key player in the global cruise sector....

437. Over 60,000 work permits issued to foreign talent in Cyprus since 2014

Cyprus has issued more than 60,000 residence and work permits to foreign nationals over the past decade as part of a push to attract tech talent and investment, according to figures released by Interior Minister Constantinos Ioannou....

438. Tensions erupt over Abramovich case allegations at Parliamentary Committee

Allegations of high-level political interference surrounding a multimillion-euro VAT debt linked to Russian billionaire Roman Abramovich escalated Thursday in Cyprus’ Parliament, with tensions erupting between lawmakers and investigative journalist Makarios Drousiotis....

439. What’s really going on here?

Members of the press enjoy certain privileges. At the same time, they bear real responsibilities....

440. Freedom24 hits 100K users in Greece, driven by digital-savvy investors

441. Cyprus launches voluntary return plan for Syrians ready to return home

The Cypriot government on Thursday rolled out a new voluntary repatriation plan for Syrian families who wish to return home, as the country begins to rebuild in the wake of a long civil war....

442. More struggling homeowners get relief under government’s OIKIA scheme

The General Accounting Office has wrapped up the second phase of the government’s OIKIA Scheme, approving financial relief for dozens more struggling homeowners. ...

443. Cyprus sees drop in child poverty rate, ranks second lowest in EU

About 26,000 children in Cyprus were at risk of poverty or social exclusion in 2024, accounting for 14.8% of the country’s child population, according to figures released Tuesday by Eurostat, the European Union’s statistical agency....

444. Larnaca District Authority handles over 2,000 complaints in 10 months

The Larnaca District Organization of Local Government (EOA Larnaca) has processed more than 2,000 complaints, violations, and grievances in under 10 months, with roughly half of them resolved and dozens progressing through the courts, according to President Angelos Chatzicharalambous....

445. Abramovich’s €25 million VAT written off after ex-President's call

A growing scandal over Cyprus’ handling of VAT debts tied to Russian billionaire Roman Abramovich has taken a sharp new turn, this time with a bombshell allegation involving former President Nicos Anastasiades....

446. Aegean Airlines: First Quarter 2025 Trading Update

AEGEAN announces its key financial and operating results for the first quarter of 2025....

447. India turns its gaze to Cyprus as gateway to Europe and the Middle East

Cyprus is emerging as a promising bridge between India and the broader regions of Europe and the Middle East, with business ties between the two countries gaining serious momentum....

448. Cyprus jobless rate hits 15-year low, and it's about time

Cyprus is finally catching a break on the job front. According to fresh numbers from Eurostat, 2024 saw unemployment in Cyprus fall to its lowest level since 2009, and that’s not just good news for economists but for anyone who’s spent time job hunting or worrying about someone who has....

449. Six new Gov.cy services now just a click away

Cyprus is taking another step toward a more digital future, with six new government services now available online through the Gov.cy portal....

450. May Newsletter of K. Treppides & Co Ltd – 23/05/2025

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....