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1. Prince Luxury Events hits back at scandalous rumors

In the midst of swirling rumors and growing public interest surrounding the Odysseus Michaelides–Nikos Christodoulides controversy, a local entertainment venue has spoken out, firmly distancing itself from the narrative....

2. Another day, another alleged corruption storm as President slams Auditor’s claims

Once again, Cyprus finds itself in the shadow of controversy, with fresh corruption claims raising eyebrows across the political spectrum. This time, the storm centers around an events venue in Nicosia — and whether the President himself had anything to do with how it got its license....

3. April Newsletter of K. Treppides & Co Ltd – 04/04/2025

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....

4. Banquet hall in Nicosia built and operating without permits

A building in Nicosia that now operates as a popular banquet and events hall was constructed and opened without the proper permits or approvals, according to a damning report by the Auditor General of the Republic. ...

5. Bank of Cyprus buys out Ethniki Insurance in €29.5M deal

The Bank of Cyprus is making a bold move to strengthen its footprint in the island’s insurance market, announcing today that it has signed a binding agreement to acquire 100% of Ethniki Cyprus Insurance Ltd....

6. ''Smart'' bus stops marred by vandalism and installation blunders

Controversy continues to plague the rollout of Cyprus’s new “smart” bus stops, as reports of sluggish installation are now joined by incidents of vandalism and public mockery....

7. Human Rights Court voices concern over migrant treatment in Cyprus

Cyprus has come under increased scrutiny for its handling of migration, with the Auditor General's recent report shining a light on several serious issues despite efforts to reduce illegal arrivals. ...

8. Public Works denies bus shelter scandal as Auditor General probes €61M project

The Department of Public Works has firmly denied allegations of a scandal surrounding the ongoing €61.6 million national bus shelter upgrade project, following accusations raised by AKEL MP Kostas Kosta during a heated session of the Parliamentary Transport Committee....

9. Four environmental groups accuse Forestry Department of violating Akamas protection terms

Four environmental organizations have jointly accused Cyprus’s Forestry Department of systematically violating legally binding environmental conditions related to the controversial road network upgrade in Akamas National Forest Park....

10. March Newsletter of K. Treppides & Co Ltd – 27/03/2025

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....

11. 12,000 citizenship applications stuck in limbo amid processing delays

A backlog of 12,000 citizenship applications has raised serious concerns about the efficiency of Cyprus’ immigration and residence permit processing system....

12. Audit exposes gaps in Health Ministry’s grant and payment systems

In a recent audit by the Auditor General on the Ministry of Health's activities for 2022 and 2023, a number of financial discrepancies and issues have come to light, particularly in the way grants were distributed and payments were handled. ...

13. Trash, lies, and box files: Busted by his own dumping

You’d think that if someone were to illegally dump a load of office junk in a field, they’d at least have the foresight to remove the labels with their name on them. But no, apparently, some people like to leave a calling card....

14. Suspended ex-Commissioner still paid thousands while awaiting trial

By next June, former Volunteer Commissioner Giannakis Giannakis will have received a staggering €76,800 from the state—despite being suspended for allegedly forging his diploma and altering his final high school grades....

15. Church tells priests to keep it holy on Holy Saturday

The Church of Cyprus has issued an unusual directive ahead of Holy Saturday, reminding priests that they are not auditioning for a dance competition during the ''Anasta O Theos'' hymn....

16. March Newsletter of K. Treppides & Co Ltd – 19/03/2025

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. ...

17. AI Auditing or Auditing AI? Ensuring Accountability and Trust

As artificial intelligence (AI) systems are used more and more in core business models in multiple sectors such as finance, healthcare, technology, and human resources, ensuring their transparency, fairness, integrity and reliability is paramount....

18. Cyprus' economic growth faces challenges, lenders highlight key concerns

The Cypriot economy is showing strong signs of growth, with GDP expected to rise by over 3% and unemployment dropping below 5% in 2024. Private consumption continues to play a key role in driving this growth. ...

19. March Newsletter of K. Treppides & Co Ltd - 11/03/2025

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....

20. Over €1.2 billion in Russian assets frozen in Cyprus amid ongoing sanctions

In Cyprus, over €1.2 billion worth of Russian assets have been frozen, as part of Europe's broader effort to block Russian assets amid ongoing sanctions. ...

21. March Newsletter of K. Treppides & Co Ltd - 06/03/2025

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. ...

22. Exciting News: New Leadership Appointments at K. Treppides & Co Ltd

The Management of K. Treppides & Co Ltd is thrilled to announce the appointment of new leaders to our Board of Directors and Board of Management, effective from 1 March 2025. This highlights our commitment to fostering excellence and promoting talent from within our ranks....

23. Who’s really raking it in? A peek at Cyprus’ government salaries

The latest update from the General Accounting Office of the Republic has revealed the salaries of Cyprus’s state officials, effective from January 1, 2025....

24. Police demand €45,000 for carnival security, sparks outrage

A €45,000 bill from the police to Limassol's local authorities for security at this year's Sunday carnival parade has stirred heated reactions, with municipal officials calling the demand unacceptable and legally baseless....

25. Private company constructs power plant in Mari without permits

A private company has built key infrastructure to support the operation of a privately owned power plant in Mari without obtaining the necessary permits, according to a special report by the Audit Office....

26. Paphos-Polis ''killer road'' to become four-lane highway after years of delays

The long-debated Paphos-Polis Chrysochous road project is finally moving forward—with a major upgrade. What was once planned as a two-lane highway will now be a four-lane road, a move the government says will improve safety and boost economic growth in the region....

27. Police officer to stand trial on corruption and fraud charges

A police officer arrested in January on corruption-related charges is now facing legal proceedings after a case was officially registered against him last Tuesday before the District Court....

28. One in three short-term rental accommodations is illegal

29. Struggling families at risk of losing homes on government-granted land

Low-income households that received state-owned land to build their first homes now face the real threat of losing their properties to lenders, according to a damning report by the Audit Office of the Republic of Cyprus....

30. Audit office wants big changes to land program for low-income families

The Audit Office has called for a major revision of the Land Allocation Plan for low-income families....