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121. Cyprus' mountain resorts see revival with government’s hotel upgrades

Cyprus' mountain resorts are seeing a business boom, thanks to a government-backed subsidy scheme aimed at upgrading hotels and tourist accommodations. ...

122. Huge €380 million development planned by Metropolitan of Limassol

A bold €380 million development project in the Municipality of Amathus and the nearby Agios Athanasios district is set to transform the area, as revealed by the environmental study recently submitted by the Metropolis of Limassol....

123. Over 6,400 earthquakes shake Santorini, sparking mass exodus

Santorini, one of Greece’s most beloved tourist destinations, has been left eerily quiet. The usually bustling island, famous for its stunning caldera views and whitewashed houses, has emptied as thousands of residents, workers, and visitors flee a relentless earthquake swarm shaking the region....

124. Simon Aykut allegedly threatened President Christodoulides

Simon Aykut, an Israeli property developer and founder of the controversial Afik Group, is awaiting trial in Cyprus, facing serious accusations that he threatened the country’s president, Nicos Christodoulides. ...

125. Rate hikes got you down? Bank of Cyprus has €2 Million (with strings attached)

Bank of Cyprus, perhaps feeling a twinge of sympathy for mortgage holders grappling with those pesky European Central Bank interest rate hikes, has unveiled a €2 million rewards program....

126. EU warns of strong response to possible US tariffs

The European Union has expressed deep concern over potential US trade measures, cautioning that any tariffs imposed on European goods would trigger a firm response....

127. Nick Kounoupias, Global Head of IP for Michael Kyprianou Law Firm Appointed to Cyprus AI Taskforce

We are thrilled to announce that Mr. Nick Kounoupias, Global Head of Intellectual Property at Michael Kyprianou LLC, has been appointed by the Cyprus Council of Ministers to the Cyprus AI Taskforce as approved by the Council of Ministers....

128. Cyprus Airways Introduces Direct Flights To Venice

Cyprus Airways announces the launch of a new seasonal route connecting Larnaca to Venice, commencing May 30 and running through September 29, 2025, with enticing fares starting at just €86 one way. ...

129. Ticking time bomb as sewage leaks threaten Akrotiri Salt Lake

A major environmental crisis is unfolding at Akrotiri Salt Lake, as sewage leaks and chemical discharges threaten Cyprus’ most important wetland...

130. Consulco's newest investment opportunity, Compartment C

Consulco, a leading specialist investment manager with a distinguished 30-year history, proudly announces the launch of Compartment C of the LC London Credit AIF V.C.I.C. Public Ltd (''the London Credit Fund''). ...

131. New EU directive to shake up electricity pricing in Cyprus

132. NASDAQ-listed Freedom24 is making its mark in Cyprus and beyond

When Timur Turlov, the CEO of Freedom Holding Corp., set his sights on Cyprus, he saw more than just a financial hub—he saw opportunity. In a market where fintech companies are staking their claims, ...

133. Cyprus’ tax reform aiming for innovation, sustainability, and simplicity

A major tax reform is underway in Cyprus as part of the Tax Transformation Project, led by the Centre for Economic Research (CER) at the University of Cyprus. ...

134. Cyprus ended 2024 with a banking boom as loans and deposits surged

Cyprus closed out 2024 with a surge in banking activity, as both loans and deposits saw substantial increases, according to the latest data from the Central Bank of Cyprus (CBC). ...

135. Cyprus vs. bureaucracy: Can the red tape finally be cut?

For years, bureaucracy has been a major roadblock for businesses in Cyprus. ...

136. Investment and owner occupancy opportunities by AstroBank

AstroBank has listed for sale a large commercial/residential property in Peyia, as well as other investment opportunities and properties for sale in Nicosia, Paphos, Larnaca and Famagusta....

137. How Abramovich evaded millions in taxes using Cyprus

A massive tax evasion scheme tied to Roman Abramovich’s superyachts has been uncovered, shedding light on how the Russian billionaire exploited Cyprus’ offshore business environment. Leaked documents reveal that from 2005 to 2012, Abramovich’s companies set up a fake yacht-leasing business in Cyprus to dodge EU taxes on his luxury vessels....

138. New Athens-Los Angeles flight also benefits Cyprus travelers

Athens is set to make history this summer with its first-ever direct air link to the West Coast of the United States, as Norwegian low-cost carrier Norse Atlantic Airways unveils its new service connecting the Greek capital to Los Angeles....

139. Abu Dhabi’s PureHealth expands into Cyprus

Cypriot citizens may soon see noticeable changes in their healthcare services following a significant acquisition deal involving PureHealth, an Abu Dhabi-based healthcare company....

140. University of Nicosia Ranks #1 in Cyprus and Greece in Four Subject Areas in 2025

The University of Nicosia (UNIC) achieves top rankings in Cyprus and Greece across four subject areas, according to the 2025 Times Higher Education (THE) World University Rankings by Subject....

141. University of Cyprus shines in global rankings

The University of Cyprus is celebrating a major milestone, earning a spot in the World University Rankings for the 2025 academic year. This recognition comes as the university ranks among the world's top institutions in nine out of 11 academic fields assessed....

142. Long-awaited highway finally on track with €330 million price tag

The long-delayed Polis Chrysochous-Paphos highway project, now estimated to cost a staggering €330 million, is finally moving forward with a completion target set for 2030-2032....

143. Mohamed Salem case: Acquitted on naturalisation charges

The Supreme Court on Thursday acquitted most of the defendants in a case involving irregularities in the Cyprus Investment Programme (CIP) related to the naturalisation of investor Mohamed Salem and his family....

144. New lending boosted by interest rates and government plans

A favorable landscape for Cypriot borrowers is taking shape in 2025, laying the groundwork for a strong year in new lending....

145. New €26 million fund to boost startups in Cyprus

33East, a venture capital firm based in Cyprus, has launched its first fund with an initial close of €26 million. ...

146. Greek companies dominate Cyprus market with expanding investments

In recent years, a wave of Greek companies has been making significant strides in Cyprus, investing across various sectors and expanding their reach....

147. Demetra shareholders face tough decision over Logicom’s €1.55 offer

The decision facing thousands of shareholders of Dimitra Investment is not an easy one....

148. British Airways sues for $1.2 million over missing gold jewelry (Update)

British Airways is taking legal action against a ground-handling company over the disappearance of nearly 20 pounds of gold jewelry worth millions....

149. Murderer behind bars gives controversial podcast interview

In a bizarre and controversial turn of events, Loy Dejan, a notorious four-time murderer, has made waves by giving an online interview from his prison cell, further igniting concerns over the rampant use of mobile phones inside Cyprus' Central Prison....

150. Funeral parlors accused of paying bribes for bodies

Licensed funeral parlor owners in Cyprus are raising alarm over what they describe as an alarming trend of illegal funeral homes bribing hospital workers to secure the bodies of the deceased. ...