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1. Ancoria Bank shifts to Cypriot hands in major shake-up

Banking changes in Cyprus are rolling full steam ahead in 2025, with Ancoria Bank now seeing a major shift in its ownership. Entrepreneur and co-founder of XM, Kostas Kleanthous, has reached an agreement to buy more than 50% of Ancoria Bank, making him the new majority shareholder. ...

2. Hotels race for private desalination plants as summer approaches

Large hotel groups across Cyprus are seriously looking into installing their own small desalination plants as a way to secure enough water during the island’s scorching, dry summers....

3. ‘They buried our children’: Grief and fury as trial over hotel collapse that killed 35 students grinds on

The trial surrounding the Grand Isias Hotel collapse continues to stir public outrage more than two years after the tragedy, which killed dozens, many of them students and teachers, during the Feb. 6, 2023, earthquake....

4. 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. ...

5. 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....

6. Prince Luxury Events hits back at scandalous rumors

In the midst of swirling rumors and growing public interest surrounding the Odysseus Michaelides–Nikos Christodoulides controversy, a local entertainment venue has spoken out, firmly distancing itself from the narrative....

7. Kykkos monastery’s mega project set to transform Engomi

A major new development is taking shape in Engomi, Nicosia, on land owned by the Kykkos Monastery. The project is one of the largest mixed-use developments Cyprus has seen and is designed to transform the area surrounding the “Agios Prokopios” Metochi into a modern urban center....

8. Banquet hall in Nicosia built and operating without permits

A building in Nicosia that now operates as a popular banquet and events hall was constructed and opened without the proper permits or approvals, according to a damning report by the Auditor General of the Republic. ...

9. 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....

10. Illegal ''cafés'' in Akamas start to come down

Two illegal cafés in the Akamas peninsula have finally been shut down and partially dismantled, following years of concerns about unregulated activity in one of Cyprus' most ecologically sensitive areas....

11. Turkey irked by Greece–Cyprus power cable plans near Karpathos

12. Toyota opens emergency center for TAKATA airbag replacements

Toyota Cyprus has announced the opening of a dedicated emergency center at the Cyprus State Fair in Nicosia starting April 7. The goal? To accelerate the replacement of faulty TAKATA airbags in thousands of Toyota vehicles imported from non-European markets without official Toyota approval....

13. 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. ...

14. 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....

15. Cyprus steps into the global spotlight at Paris-Ukraine summit

The Republic of Cyprus is making its presence felt at the Ukraine Summit in Paris, convened by French President Emmanuel Macron, with President Nikos Christodoulides representing the country at the highest level on March 27-28....

16. Cyprus faces water cuts this summer despite new government measures

Cyprus is bracing for a tough summer as the risk of water cuts remains high, despite new government measures aimed at tackling the ongoing water scarcity issue....

17. 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....

18. Progress in Motion: The Proposed Mall of Limassol is a planned development that will reshape the city’s future

The proposed Mall of Limassol is poised to create a premier destination for shopping, dining and entertainment in Limassol....

19. Water we waiting for? Government unveils €8 million plan to combat water scarcity

The Cabinet has approved an emergency state grant of €8 million for one year to help local governments and communities reduce water supply network losses....

20. 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....

21. 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. ...

22. 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....

23. Bank of Cyprus upgraded to investment grade by Fitch

The Bank of Cyprus has just hit another major milestone—Fitch Ratings has upgraded the bank to investment grade, marking the third global rating agency to do so. ...

24. Palmas: Infrastructure ready to welcome women into the Army

On Thursday, Minister of Defence Vasilis Palmas confirmed that the National Guard is fully prepared to welcome female volunteers, with all necessary infrastructure in place....

25. Cyprus Government unveils plans to tackle housing crisis

Cypriots struggling with the growing housing crisis can breathe a little easier, thanks to new government measures aimed at making homes more affordable and accessible....

26. 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....

27. Cyprus set to join US Visa Waiver Program before Easter

Cypriot citizens are one step closer to the dream of hassle-free travel to the United States. The final approvals are just around the corner, as Cyprus awaits inclusion in the US Visa Waiver Program (VWP), and the wait may be over sooner than expected....

28. Lebanese investor threatens legal action over blocked €115M Nicosia development

A Lebanese investor is threatening legal action after the Department of Antiquities blocked a €115 million development near the historic Nicosia walls, despite other authorities initially supporting the project...

29. Von der Leyen proposes €150 billion borrowing plan for rearmament amid growing security concerns

The European Commission has proposed a bold plan to borrow up to €150 billion to lend to EU governments as part of a major rearmament effort....

30. Lack of 'Certificate of Occupancy' puts homeowners at risk in 'Rent to Mortgage' plan

A surprising revelation in the ongoing discussion about the Rent to Mortgage Scheme has raised concerns for homeowners across Cyprus: around 60% of the properties involved in the scheme do not have an official certificate of occupancy, meaning that a building complies with all necessary regulations and is safe for use or habitation....