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1. Tiny insect threatens Cyprus’ iconic prickly pear cacti

A tiny insect threatens to wipe out prickly pear cacti in Cyprus within a few years, potentially depriving the island of a summer fruit deeply rooted in Cypriot culture....

2. Cyprus news roundup: Fires, finance and fiery wage demands

From forest fire probes to banking battles, here’s a look at the week’s biggest developments in Cyprus....

3. Cyprus savers earn less, borrowers pay more as banks widen gap with Eurozone

If you’re saving your money in a Cypriot bank, you’re probably earning less interest than the average European. But if you’re borrowing for a home or your small business, you’re likely paying more....

4. BOC reports €235M in profits, but what does that actually mean for the rest of us?

5. Eurobank to hike dividends by over 50%

Eurobank has announced plans to increase its dividend payout by more than 50% next year, alongside a juicy interim dividend of €170 million, equivalent to 4.7 cents per share. The news comes despite a small dip in profits, showing the bank’s confidence in its growth path and expanding footprint....

6. Cypriot man loses €434,000 in online crypto fraud

In yet another online scam that’s been plaguing the country, a 53-year-old man in Cyprus was tricked into sending more than €434,000 to what he believed were cryptocurrency investments, only to discover he had fallen victim to fraud....

7. XM investors await green light to take over Ancoria Bank

Two Cypriot investors behind a successful global trading platform are making a bold move to take over Ancoria Bank, in what could signal a new era for small-scale banking in Cyprus....

8. 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....

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. 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....

11. 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....

12. 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....

13. 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....

14. 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....

15. Cyprus returns to three systemic banks after Alpha Bank Cyprus-AstroBank deal

Cyprus is set to have three systemic banks again after Alpha Bank Cyprus signed a final agreement to acquire most of AstroBank’s assets and liabilities. The deal was officially signed Tuesday, June 24, 2025....

16. Fortsafe launches its first secure vault in Paphos: A new era in private storage of valuables

Fortsafe, the innovative secure storage service, has announced the launch of its first facility in Paphos, located at the Beon active office, 10 Apostolou Pavlou Street, marking a new era in the private safekeeping of documents, personal and sensitive valuable items....

17. Swiss Central Bank slashes interest rates to 0% to fight soaring Franc and deflation

In a surprise move, Switzerland’s central bank has slashed interest rates to zero, aiming to counter falling prices and slow the rapid rise of the Swiss franc, which has been drawing heavy investment as a safe-haven currency during global economic uncertainty....

18. Bank of Cyprus sells €75M worth of Paphos property to Exness

The Bank of Cyprus has closed a major property deal with fintech firm Exness, selling land worth €75 million in Paphos, sources confirmed to Kathimerini Cyprus....

19. CNP Cyprus rebrands as ERB after €182M acquisition by Hellenic Bank

By the end of June 2025, ''CNP'' will be renamed ''ERB'' as a result of the acquisition of CNP Cyprus Insurance by Hellenic Bank....

20. Deutsche Bank eyes return to Cyprus after nearly a decade

Deutsche Bank, one of Europe’s biggest financial institutions, is considering a return to Cyprus nearly a decade after pulling out during the island’s financial crisis....

21. 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. ...

22. Cash back coming as 2013 crisis victims set for payouts in 2025

A long-awaited boost is on the way for individuals hit hardest by Cyprus’ 2013 banking crisis. On June 6, the National Solidarity Fund (NSF) Committee finalized the structure of the 2025 Loss Compensation Plan, set to roll out later this summer....

23. Long-term government bonds face growing investor pushback

Governments around the world are encountering unexpected resistance in the bond markets as long-term debt issuances increasingly struggle to attract investors, marking a break from years of routine fundraising....

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

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

25. 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....

26. From I do to I declare: Weddings now come with a bank form

Weddings in Cyprus come with dancing, food, and the all-important envelope. But now, it seems those envelopes might need more paperwork than your actual marriage license....

27. COSMOS Insurance organizes a voluntary blood donation in Larnaca.

As part of its commitment to social responsibility and ongoing contribution to society, COSMOS Insurance is organizing a voluntary blood donation in collaboration with the Larnaca Blood Donation Center...

28. Good news for borrowers as ECB to cut interest rates

The European Central Bank (ECB) is widely expected to cut its key interest rates by 0.25% this Thursday, a move that could bring welcome relief for borrowers and banks in Cyprus. ...

29. May Newsletter of K. Treppides & Co Ltd – 30/05/2025

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. ...

30. Trapped property owners finally see the light at the end of the tunnel

A long-overdue lifeline may finally be on the way for thousands of Cypriots trapped in property nightmares, as a new bill aimed at resolving the issue moves closer to a vote in Parliament....