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1. 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....

2. Cyprus salaries rise by 13% over two years, Labour Minister says

Average salaries in Cyprus have risen by 13% over the past two years, reaching approximately €2,500, Minister of Labour and Social Insurance Yiannis Panayiotou announced Wednesday, citing recent Eurostat data....

3. India’s drone power lands in Cyprus

Indian business interest in Cyprus is gaining momentum, with drone tech leader Drone Destination planning to set up shop on the island....

4. Wizz Air announces new route from Larnaca to Suceava!

5. 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. ...

6. Smart meters continue to roll out across Cyprus

The Cyprus Electricity Authority (EAC) is picking up the pace with its smart meter rollout, announcing that from Tuesday, installations will expand to more neighborhoods in all districts of the island....

7. Wizz Air Suspends Flights to Tel Aviv and European flights to Amman Until 15 September

Wizz Air has made the decision to suspend all flights to and from Tel Aviv, Israel, and European flights to Amman, Jordan, effective immediately, until 15 September 2025. The airline will also avoid overflying Israeli, Iraqi, Iranian, and Syrian airspace until further notice....

8. 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....

9. Blaise Metreweli to lead MI6, marking historic first for British intelligence

Blaise Metreweli CMG has been named the new Chief of the Secret Intelligence Service (MI6), becoming the first woman to lead the organization in its 115-year history....

10. Bollywood, bots, and big bucks as Cyprus becomes India’s new business and movie hub

In a major boost to Cyprus’s economy and international standing, two Indian companies have officially announced their expansion into the country, with more than 20 others reportedly exploring similar moves....

11. 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....

12. Minthis Music Festival 2025: Culture in Full Bloom in Cyprus

Where nature meets human creativity and Cyprus' highlands stretch out beneath open skies, the Minthis Music Festival is ready to return....

13. Iran denies sending message to Israel via Cyprus amid rising tensions

Cyprus has found itself in the middle of rising tensions between Iran and Israel, after President Nikos Christodoulides said Sunday that Tehran asked Nicosia to relay ''some messages'' to the Israeli government...

14. Modi begins two-day visit to Cyprus, set to sign joint declaration on strategic cooperation

Indian Prime Minister Narendra Modi arrived in Cyprus on Sunday for a two-day official visit, marking what Cypriot President Nikos Christodoulides called a historic step in the growing relationship between the two countries....

15. ECB poised for fall rate decision as growth, tariffs, and inflation weigh in

The European Central Bank will reassess its interest rate policy this fall, weighing whether additional cuts are necessary after a recent series of reductions brought its main rate to 2%, with inflation easing to 1.9%....

16. Man fined 173,876 Turkish lira for forcing rooster to smoke and drink alcohol

A man was fined 173,876 Turkish lira (approximately 3,819 euros) after a video emerged showing him forcing a rooster to smoke a cigarette and drink raki, violating animal welfare laws....

17. 70,000 units of blood collected annually from voluntary donors in Cyprus

Cyprus collects about 70,000 units of blood each year through voluntary donations, placing the country among the top in Europe in meeting its national blood supply needs, the Ministry of Health said Friday....

18. UK denies involvement of Cyprus bases in Israeli strikes on Iran

The United Kingdom has firmly denied allegations that its sovereign bases in Cyprus were used to support recent Israeli airstrikes on Iran, calling the claims “nonsense” and “deeply irresponsible.”...

19. Oil and gas prices surge after attack on Iran nuclear sites

Global energy prices soared and markets plunged Thursday following an attack on Iran’s nuclear facilities, intensifying fears of a wider Middle East conflict and compounding global economic pressures....

20. 78 dead in Israeli strikes on Iran, dozens wounded as tensions continue to escalate

At least 78 people were killed and more than 320 injured after Israel launched a sweeping series of airstrikes across Iran early Friday, targeting nuclear and military facilities in what officials described as a response to Tehran’s continued threats and regional aggression....

21. Fifteen local hotels rally to help stranded passengers after flights diverted

With flights to Israel suddenly rerouted to Cyprus due to rising tensions in the region, hotels in Paphos have quickly stepped up to accommodate unexpected visitors....

22. June Newsletter of K. Treppides & Co Ltd – 06/06/2025

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....

23. Flights canceled, US and European flights rerouted to Cyprus

Flights between Israel and Cyprus were canceled on Friday, and planes from Europe and the U.S. were rerouted to Larnaca and Paphos airports after Israel launched a major overnight strike on Iran, raising fears of a wider conflict in the region....

24. The Cruise Industry: A Catalyst for Economic Growth

The global cruise industry has emerged as a significant catalyst for tourism development, contributing substantially to local and national economies....

25. Cyprus landowners denied justice for 29 years in property rights violation

Cyprus’ Ombudsman has called for immediate action to resolve a 29-year violation of private property rights in the village of Tris Elies, where a water reservoir has stood on private land without the owner’s consent, permits, or compensation since 1996....

26. New era in vocational training: Lidl Cyprus invests in the new generation

Lidl Cyprus is ushering in a new era in vocational education and training with Lidl UP: Learn & Work, an innovative dual education programme, implemented in collaboration with the Future Skills Hub, the Learning Center of the European University Cyprus....

27. Attorney General rejects request by Thanasis's family to pursue criminal charges

The Legal Service will not pursue criminal charges in the case of murdered National Guardsman Thanasis Nikolaou, prompting sharp criticism from his mother, Adriana Nikolaou, who accused Cypriot institutions of perpetuating a cover-up....

28. 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....

29. SkyUp Airlines™: Celebration Event for the Launch of Flights Between Cyprus – Moldova, Romania, and Poland

A highly successful celebration event was held on June 12 at Larnaca International Airport by SkyUp Airlines™, marking the official launch of direct flights connecting Cyprus with Moldova, Romania and Poland. The event was a great success, gathering guests and media representatives....

30. What’s behind Narendra Modi’s visit to Cyprus?

Government officials consider the upcoming official visit of Indian Prime Minister Narendra Modi to Cyprus this Sunday to be of particular importance for both geopolitical reasons and bilateral relations between the two countries....