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1. 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....

2. Nicosia unveils €100 million plan to fix traffic chaos and modernize the capital

Nicosia is aiming for a major transformation, with over €100 million in urban and traffic upgrades on the table, as the capital struggles with decades-old road designs, mounting traffic, and growing frustration among residents....

3. Freedom Holding Corp. reports 23% revenue growth for FY2025, driven by strong performance across brokerage and insurance segments

Freedom Holding Corp. (FRHC), a diversified financial services firm and the founder of Freedom24, has announced its financial results for the fiscal year ended 31 March 2025. ...

4. 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....

5. Lakatamia land reserved for school sits idle since 1996

Nearly three decades after land was reserved for a new school in Lakatamia, the property remains untouched, prompting fierce criticism from lawmakers who say the state has violated landowners' rights and failed to act transparently....

6. Alpha Bank Cyprus to acquire Astrobank in €200 million deal

Alpha Bank Cyprus will acquire the entire operations of Astrobank, excluding €15 million in non-performing loans, in a deal set to be signed Friday, June 20....

7. The Catalytic Role of Legal and Regulatory Functions in the Modern Era of Sustainable Development

In the traditional business environment, legal and compliance professionals were seen as “gatekeepers.” Today, they are evolving into custodians of alignment and harmonization with legal and regulatory frameworks. ...

8. ABR Festival: Beats, art, and chaos in the capital

Nicosia is about to get a whole lot hotter, and we don’t just mean the weather. One of Cyprus’ most beloved summer festivals, AfroBanana, is turning a fresh page this June. ...

9. Israeli airstrike hits Iran’s state TV headquarters as nuclear tensions surge

Israel launched a direct strike on Iran’s state television headquarters in Tehran early Monday, intensifying a growing conflict and sending thousands of residents fleeing the capital....

10. Is Phedon Phedonos gearing up for 2028?

When Phedon Phedonos launched a fresh offensive from Paphos last month, accusing certain Cyprus-based forex companies of laundering dirty money and warning that the Cypriot economy was veering dangerously close to a “casino model,” it sent ripples through Nicosia....

11. Nicosia activates crisis response as Israel-Iran tensions escalate

In response to the latest Middle East crisis sparked by Israel’s missile strikes on Iran, Nicosia is sticking to its long-held stance that Cyprus serves as a humanitarian bridge between East and West....

12. Middle East crisis escalates out of control

Israel launched the largest military operation in its history against Iran on Friday, carrying out a surprise, large-scale assault targeting Iran’s nuclear, military and scientific infrastructure....

13. Video shows aftermath of Israeli strike on Tabriz Airport in Iran

Thick smoke was seen rising over Tabriz International Airport following what Iranian state media described as an Israeli airstrike on the northwestern city....

14. 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. ...

15. From the Mekong to the Med: How Cyprus and Cambodia are crafting a new global alliance

In an exclusive with His Excellency Salah Essa, Honorary Consul of Cyprus to Cambodia, we uncover how two countries, thousands of kilometers apart, are finding common ground in trade, tourism, and cultural exchange. ...

16. '‘When will that dreadful building be demolished?’'

Former First Lady and former European Parliament member Androulla Vassiliou has drawn strong criticism after publicly calling for the demolition of APOEL football club’s clubhouse....

17. Am I becoming a fan of Elon Musk?

Thursday was a great night. The youngest of my three kids graduated from elementary school. In celebration, we ate the most tender souvlakia Nicosia has to offer, accompanied by a cool hilltop breeze....

18. Cyprus exits EU’s macroeconomic imbalance list as Brussels urges reforms in innovation, energy, and education

Cyprus is no longer considered a country with macroeconomic imbalances, the European Commission announced Wednesday in its 2025 Spring Package, marking a significant milestone in the nation’s post-crisis economic recovery....

19. Cyprus Airways links up with Air India to turbocharge summer travel

Get ready for a summer of smoother skies and easier connections: Cyprus Airways and Air India have officially joined forces through a brand-new interline agreement that promises to make international travel faster, easier, and a whole lot more exciting....

20. Deloitte Cyprus welcomes two new partners

Deloitte Cyprus is pleased to announce the growth of its leadership team with the appointment of two new partners, effective 1 June 2025....

21. Cyprus has the sun, now it needs the tech

What if Cyprus could go from Europe’s most expensive electricity to a clean energy powerhouse?...

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

23. Paphos Mayor accuses police of breach and political cover-up

Paphos Mayor Phedonas Phedonos has launched a scathing attack on the chief of police, accusing him of breaking a promise, compromising his safety, and politicizing law enforcement, all while raising the alarm on alleged money laundering in Cyprus by Latin American drug cartels....

24. 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. ...

25. Aegean Airlines launches direct Santorini-Istanbul flights

Aegean Airlines has just launched a new direct route connecting Santorini with Istanbul, marking a major milestone in regional travel and tourism....

26. Nicosia gears up for the ultimate summer street fest on June 3

Mark your calendars and bring your appetite, Epic Street Fest Summer Edition is taking over the newly transformed old GSP park in central Nicosia on Monday, June 3, from 7:00 p.m. to midnight, ...

27. Beats beyond borders: How Cyprus’ DJs are uniting a divided capital

Cyprus has been divided for more than half a century, with its capital, Nicosia, split down the middle. But while politicians continue to stumble on the path to reunification, a new generation of DJs and music lovers is quietly achieving what decades of diplomacy have not: bringing the island’s two communities together, one party at a time. ...

28. King’s Gardens: A Prime Investment in the Heart of Nicosia

29. Have we lost our minds? Or worse, our humanity?

A friend called me early this morning and said, ''I’m really starting to hate the world.'' It was the caffeine kick I needed to jolt me wide awake....

30. Timur Turlov at New York Eastern Mediterranean Business Summit: ''Cyprus is our European gateway to global markets''

Freedom Holding Corp. is driven by a mission to build bridges between regions and make global markets more accessible — an ambition powered by innovation and modern technologies, including artificial intelligence. ...