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1. Petrolina participates in a beach clean-up campaign for World Environment Day

On the occasion of World Environment Day, Petrolina contributed to a series of beach clean-up activities held on Thursday, 5 June 2025, in Ayia Napa, Protaras, Larnaka and Limassol,...

2. 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. ...

3. 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....

4. Cyprus’s booming defense industry nets €40M as officials call for faster growth

Cyprus’s defense industry has grown tenfold in recent years, with approximately 30 companies now generating an estimated €40 million in revenue annually, officials revealed Tuesday during a session of the Parliamentary Committee on Energy, Commerce and Industry....

5. EY announces the appointment of 4 new partners in Cyprus

EY Cyprus is pleased to announce that its leadership team has been strengthened with the addition of four new partners:...

6. payabl. launches Virtual Business Cards to empower smarter business spending

Leading European financial technology provider, payabl. has launched its Virtual Business Cards service, a digital payment solution designed to give businesses greater control, security, and visibility over their spending....

7. Phedon Phedonos sounds the alarm: Drugs in schools, fake degrees on the rise

In a fiery new round of revelations, Paphos Mayor Phaidonas Faidonos has raised the alarm over what he says is rampant drug trafficking in Cyprus’ schools and an emerging academic scandal he calls the new ''Golden Degrees.''...

8. Freedom Holding Corp. added to the prestigious Russell 3000® Index

Freedom Holding Corp. (FRHC), a diversified, multinational financial services firm, has been selected for inclusion in the Russell 3000® Index as part of its annual reconstitution in 2025. The inclusion will take effect after the US market closes on June 27, 2025....

9. Shock bills, football fixes & a U-turn on Makarios Ave: Cyprus' week of curveballs

From electricity bills getting a surprise bump to football clubs sliding past tax rules (again) and a Nicosia street project taking a literal U-turn, this week was full of plot twists. ...

10. 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....

11. 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....

12. 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....

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

14. 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....

15. 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....

16. Cyprus, caught in drug cartel crossfire, says Paphos Mayor

Paphos Mayor Phedonas Phedonos has made explosive claims that Cyprus is now part of an international money laundering network used by Latin American drug cartels....

17. 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....

18. Global VC investment rises in Q1’25 on back of record-setting $40 billion Open AI deal, according to KPMG’s Venture Pulse

Global VC investment surged from $118.7 billion in Q4’24 to an eleven-quarter high of $126.3 billion in Q1’25, despite ongoing geopolitical conflicts and tensions, continued concerns about global trade and tariffs, and the delay of a major reopening in the IPO market....

19. Over €1.1 million in donations to Cyprus political parties tied to golden passport scheme

More than €1.1 million in donations were funneled to political parties in Cyprus between 2016 and 2021 from individuals and companies linked to the controversial Cyprus Investment Program, commonly known as the “Golden Passport” scheme....

20. Half of teens wish the internet didn’t exist, survey finds

Nearly half of teenagers say they’d rather grow up in a world without the internet, according to a new UK study highlighting the growing concerns young people have about the impact of social media on their mental health....

21. Cypriots rush to borrow as rates drop, but are banks repeating old mistakes?

As interest rates continue their downward trend, and with further cuts expected, borrowers are feeling more confident. This isn’t hearsay from bank insiders or coffee shop chatter; ...

22. Christodoulides calls on Cypriots abroad to come home, ‘Cyprus needs your talent’

President Nikos Christodoulides has issued a heartfelt invitation to Cypriots living abroad: come home and help build the future of Cyprus....

23. India’s business titans set up shop in Cyprus, opening door to EU expansion

Cyprus is emerging as a key gateway for Indian companies seeking access to European and Middle Eastern markets, with the arrival of two major conglomerates, Thomas Cook India and LTIMindtree, signaling a new phase of economic cooperation....

24. Cultivating success stories of innovation: Deloitte’s exclusive event celebrating tech start-ups

Deloitte has long championed and supported innovation and entrepreneurship, spearheading various initiatives throughout the region....

25. 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. ...

26. PwC Cyprus sponsors the Reflect Festival 2025 - the Premier Tech & Entrepreneurship Event Connecting Europe, Africa, and the Middle East

PwC Cyprus once again took center stage at Reflect Festival 2025, held on 15-16 May in Limassol, reaffirming its commitment to fostering innovation and leadership in the business world....

27. i-Con 2025: Cyprus’ hottest tech and marketing event returns to Limassol

One of Cyprus’ most buzzed-about business events is back and bigger than ever. The Island Conference (i-Con) returns for its third edition on 29–30 May 2025, transforming the City of Dreams Mediterranean in Limassol into a hub of global innovation, marketing, and digital opportunity....

28. Eurobank | Limassol welcomed the 1st India-Greece-Cyprus Business Forum

29. The quiet city turning into Cyprus’ new investment hotspot

A new skyline is rising in Larnaca, complete with modern high-rises and upscale mixed-use developments....

30. €14 million in unpaid VAT? Gone.

Tensions ran high at the House Audit Committee on Thursday after MPs discovered that ''Blue Ocean,'' a Cyprus-based company linked to Abramovich, was dissolved in 2024 without settling a €14 million VAT bill, a debt that’s been on the books since at least 2010....