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31. Christodoulides tackles energy prices, demographic crisis, and declares Cyprus set to join Schengen

President Christodoulides outlined Cyprus’s plans to join the Schengen Area by 2026, urged no increase in electricity prices, and highlighted new measures to address the country’s demographic crisis....

32. Greece targets ferry duopoly as costs soar and competition sinks

Greece’s Competition Commission has launched a full investigation into the coastal passenger ferry industry following evidence of price-fixing and market distortion among dominant operators....

33. FDA to phase out artificial food dyes, approve natural alternatives

In a sweeping move to address growing concerns over synthetic food additives, the U.S. Food and Drug Administration announced Tuesday it will phase out petroleum-based food dyes from the national food supply by the end of 2026. ...

34. VAT challenges for Electronic Money Institutions

In the digital age, Electronic Money Institutions (EMIs) have become an integral part of the financial ecosystem, offering a range of services that facilitate digital transactions....

35. Foreign-owned hair salons draw scrutiny over operating hours, lack of oversight

The Pancyprian Federation of Hairdressers and Barbers is raising concerns about what it describes as unfair competition from hair salons and barbershops operated by foreign nationals....

36. Bank of Cyprus buys out Ethniki Insurance in €29.5M deal

The Bank of Cyprus is making a bold move to strengthen its footprint in the island’s insurance market, announcing today that it has signed a binding agreement to acquire 100% of Ethniki Cyprus Insurance Ltd....

37. Cyprus means business: Christodoulides wraps up high-stakes U.S. investment tour

Cyprus Means Business: Christodoulides Wraps Up High-Stakes U.S. Investment Tour Subtitle: ...

38. Cyprus woos Wall Street as bankers back presidential pitch in the U.S.

Cypriot bankers have expressed their satisfaction with President Christodoulides' recent visit to the United States, where he promoted Cyprus as an attractive destination for investment. ...

39. Silicon Valley backed Trump but gets no favor in return

Silicon Valley's top tech titans may have bet big on Donald Trump’s second term, but they’re finding little return on their investment....

40. Alpha Services acquires AXIA Ventures

Alpha Services and Holdings has announced an agreement to acquire AXIA Ventures Group, aiming to form the leading investment banking and capital markets company in Greece and Cyprus. ...

41. Eurobank’s €1.3B move creates Cyprus’ largest bank

Eurobank Group’s €1.3 billion investment in Hellenic Bank is set to reshape Cyprus' banking landscape, creating the country’s largest financial institution with total assets of €27.5 billion....

42. Toyota Cyprus steps up airbag replacements ahead of deadline

Toyota is intensifying efforts to replace defective Takata airbags across Cyprus, aiming to meet the looming deadline set by the Ministry of Transport....

43. The best bank to ever come out of Cyprus?

The management of Hellenic Bank has set an ambitious goal for the new structure that will emerge in the coming months following its consolidation with Eurobank Cyprus....

44. Grid limitations threaten Cyprus’ green energy boom

Cyprus’ green energy transition, once a major draw for investors, is now facing serious roadblocks as the national electricity grid struggles to handle more renewable energy projects. ...

45. AI Auditing or Auditing AI? Ensuring Accountability and Trust

As artificial intelligence (AI) systems are used more and more in core business models in multiple sectors such as finance, healthcare, technology, and human resources, ensuring their transparency, fairness, integrity and reliability is paramount....

46. March Newsletter of K. Treppides & Co Ltd - 11/03/2025

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....

47. Appointment of Natasa Pilides as Chief Executive Officer of Med Enegrywise Ltd

Med Energywise Ltd, a wholly owned subsidiary of Petrolina (Holdings) Public Limited, is pleased to announce the appointment of Natasa Pilides as its Chief Executive Officer....

48. Over €1.2 billion in Russian assets frozen in Cyprus amid ongoing sanctions

In Cyprus, over €1.2 billion worth of Russian assets have been frozen, as part of Europe's broader effort to block Russian assets amid ongoing sanctions. ...

49. Eurobank Cyprus: Stronger in 2024, with a net profit of €214mn

Eurobank Cyprus ended 2024 with increased profitability strong capital adequacy and maintained its good loan portfolio quality. The results reaffirm the Bank’s sound performance and resilience, the effective management of challenges in 2024,...

50. Global fintech investment falls to seven-year low of $95.6 billion in 2024, but uptick in Q4’24 is a sign of cautious optimism says KPMG’s Pulse of Fintech H2’24

2024 was another difficult year for fintech, with just $95.6 billion of investment globally across 4,639 deals....

51. Fintech giants eye Cyprus' small banks in race for European banking licenses

Cyprus’ small banks have become prime targets for global fintech companies and financial institutions, with potential acquisitions aimed at securing a European banking license. ...

52. Private company constructs power plant in Mari without permits

A private company has built key infrastructure to support the operation of a privately owned power plant in Mari without obtaining the necessary permits, according to a special report by the Audit Office....

53. Cypriot businesses set their sights on the U.S.

For the first time, a Cypriot business delegation will participate in the SelectUSA Investment Summit and SelectUSA Tech Summit, two major investment events in the United States aimed at companies looking to enter or expand in the U.S. market....

54. One in three short-term rental accommodations is illegal

55. Bank of Cyprus posts €508M profit for 2024

Bank of Cyprus has posted impressive results for 2024, reporting net profits of €508 million, marking a 4% increase from the previous year’s €487 million. The results reflect the bank's strong performance and growth, despite slight fluctuations in some areas....

56. €8 million and counting as Crete-Cyprus interconnector delays pile up

The long-awaited electricity interconnection between Crete and Cyprus is facing mounting financial pressure, with delays already adding at least €8 million in extra costs....

57. 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, ...

58. European Parliament seeks Cypriot administrators

In a significant move to address imbalances in staff representation, the European Parliament has launched a competition aimed specifically at Cypriot nationals....

59. Illegal construction in Latchi sparks legal battle

A brewing scandal in Latchi has exposed significant irregularities in the construction of a tourism project, placing local authorities and developers under scrutiny. ...

60. Eurobank sells €27M stake in Demetra Holdings

In a significant financial move, Eurobank announced the completion of the sale of its 8.58% stake in Demetra Holdings Plc to Logicom Services Limited. The deal, finalized on January 16, 2025, involved the sale of 17,152,353 shares at €1.55 per share, totaling approximately €27 million....