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1. Record mosquito-borne virus cases in Europe, ECDC warns of ‘new normal’

A record number of mosquito-borne disease cases have been reported in Europe this year, with health officials warning that climate change is fueling longer and more intense transmission seasons....

2. Cyprus leads EU in access to medical care, reports Eurostat

Cyprus recorded the lowest rate of unmet medical needs in the European Union for 2024, with just 0.2% of residents aged 16 and over reporting barriers to care, according to new data released by Eurostat. ...

3. Cyprus records one of EU’s lowest drowning death rates in 2022

Cyprus was among the four European Union countries with the fewest drowning deaths in 2022, according to data released Tuesday by Eurostat....

4. Eurobank to hike dividends by over 50%

Eurobank has announced plans to increase its dividend payout by more than 50% next year, alongside a juicy interim dividend of €170 million, equivalent to 4.7 cents per share. The news comes despite a small dip in profits, showing the bank’s confidence in its growth path and expanding footprint....

5. ''Safety Concerns'' or just a tax grab?

A wave of new measures could soon change the way Europeans shop online, as the European Union moves to crack down on Chinese e-commerce giants like Temu and Shein, citing both consumer safety risks and unfair market practices....

6. Government unveils comprehensive aid package for Limassol fire victims: Cash payments, rent subsidies, and full damage restoration

Regarding the support and payment of financial aid to citizens affected by the fires in communities of the Limassol District, and following the announcement of the President of the Republic last Sunday, the Council of Ministers decided today on the following measures....

7. PwC Global Entertainment & Media Outlook: Global entertainment and media industry revenues to hit US$3.5 trillion by 2029, driven by advertising, live events, and video games

Advertising spend forecasted to grow three times as fast (6.1%) as E&M consumer spending (2%) – as AI set to transform advertising models and drive hyper-personalisation...

8. Compensation for fire victims: Registration in the FIMAS System required

he District Administration of Limassol has sent forms to the fire-affected communities to be completed by those claiming compensation for their properties damaged by the devastating wildfire and who are not already registered in the Integrated Administrative and Financial Information System of the General Accounting Office (FIMAS)....

9. Former director of Pattihio Theatre sentenced to 5.5 years for misappropriating €234,550

The Limassol Criminal Court has sentenced the former director of the Pattihio Municipal Theatre to 5.5 years in prison for theft by an employee and money laundering....

10. High-society scandal deepens with 63 more in the frame

What started as a story of a glamorous socialite entangled with a well-known convict has now snowballed into one of the country’s most talked-about crime sagas, with another 63 people now on the police radar, bringing the total number of individuals linked to the case to over 100....

11. Collaboration between CIM Cyprus Business School and EY Cyprus Ltd

EY Cyprus Ltd, in collaboration with CIM Cyprus Business School, has launched the EY Learn & Earn Program — a unique initiative developed with the strong support of ACCA....

12. 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:...

13. 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....

14. 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. ...

15. Cyprus sees drop in child poverty rate, ranks second lowest in EU

About 26,000 children in Cyprus were at risk of poverty or social exclusion in 2024, accounting for 14.8% of the country’s child population, according to figures released Tuesday by Eurostat, the European Union’s statistical agency....

16. 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....

17. Andreas Neocleous, Omiros Pissarides, Eirini Hadjisavva, and Marios Tannousis to Speak at Green Agenda Cyprus Summit

This year’s Sustainable Development Conference aims to support and enhance Cyprus’s national strategy for the Green Transition....

18. Fix the roads, save lives

Just two days ago, new data was released on fatal road collisions by district, covering the year so far. Sadly, not a single silver lining can be drawn from the figures. ...

19. Cyprus reports 38 new cases of metastatic breast cancer each year

20. End of an Era: ERA department stores changing hands for just €1, but there’s more to the story

In a surprising but strategic move, Ermes Department Stores Plc announced that it is selling off all four ERA department stores to Gencom Ltd., and the official sale price is just €1....

21. Education Ministry slammed for millions spent and cut corners in dodgy deals

A deep dive by Cyprus’ Auditor General has uncovered a troubling pattern in how the Ministry of Education, Sport and Youth has been handling public project contracts, and the red flags go back nearly a decade....

22. PwC Cyprus: The Cypriot real estate market maintained its momentum in 2024

PwC Cyprus presents its annual report on the Cypriot real estate market, outlining the main developments and trends of the sector during 2024, through detailed analysis and the use of extensive databases as well as the firm’s sectoral expertise....

23. Deloitte announces Technology FAST 50 Middle East and Cyprus fourth edition rankings

Deloitte Middle East has released the results of the fourth edition of the Middle East Technology Fast 50, recognising the fastest-growing technology companies across Cyprus and the Middle East....

24. 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....

25. Former volunteer commissioner’s forged letter of recommendation in court

In the latest chapter of what could rival any courtroom drama, the trial of former Volunteer Commissioner Yiannis Giannakis took an unexpected turn today, with a forgery scandal adding fuel to an already intense legal battle. ...

26. Cyprus kicks off 2025 with tourism boom as revenues jump 53% in January

Tourism in Cyprus is off to a flying start in 2025, with January’s revenue soaring to €69.2 million, a 53.1% jump compared to the same month last year, according to the latest figures from the Statistical Service’s Traveler Survey....

27. Cyprus faces uncertainty as Trump’s tariffs target global trade

In a dramatic move that has sent shockwaves through global trade, US President Donald Trump has imposed hefty tariffs on imports from several key countries, ...

28. Audit exposes gaps in Health Ministry’s grant and payment systems

In a recent audit by the Auditor General on the Ministry of Health's activities for 2022 and 2023, a number of financial discrepancies and issues have come to light, particularly in the way grants were distributed and payments were handled. ...

29. Reduced VAT on electricity bills begins tomorrow

A reduction in VAT on electricity bills will take effect tomorrow, bringing relief to consumers, especially vulnerable households. The VAT on electricity will drop from 19% to 9%, meaning savings for many households across the island....

30. 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....