Search

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

62. Makariou Avenue set to reopen to all vehicles on weekdays, but not just yet

Makariou Avenue could soon reopen to all traffic during the day, following a majority vote by the Nicosia Municipal Council — but the final green light will need to come from the Police and the European Union....

63. EU to fund expansion of Nicosia’s Pedieos Linear Park

The European Union will provide approximately €4.4 million to fund the expansion of the Pedieos Linear Park, the European Commission announced....

64. 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....

65. 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....

66. New law could let parties spend over €1 million in 2026 elections

Proposed changes to Cyprus’ electoral law, including a significant increase in campaign spending limits for parliamentary candidates, are nearing final approval ahead of the 2026 elections....

67. Christodoulides to woo Cypriot talent abroad at London ‘Brain Gain’ event

President Nikos Christodoulides is inviting Cypriots living in the UK to a special event in London on Wednesday, May 21, as part of the government’s "Brain Gain" initiative....

68. 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. ...

69. 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....

70. ‘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....

71. 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. ...

72. 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....

73. 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....

74. 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....

75. 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. ...

76. 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....

77. 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....

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

79. 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....

80. 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. ...

81. 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....

82. 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....

83. 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....

84. 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....

85. 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....

86. 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....

87. 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....

88. 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. ...

89. 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....

90. 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. ...