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1. 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. ...

2. March Newsletter of K. Treppides & Co Ltd - 06/03/2025

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. ...

3. Exciting News: New Leadership Appointments at K. Treppides & Co Ltd

The Management of K. Treppides & Co Ltd is thrilled to announce the appointment of new leaders to our Board of Directors and Board of Management, effective from 1 March 2025. This highlights our commitment to fostering excellence and promoting talent from within our ranks....

4. Who’s really raking it in? A peek at Cyprus’ government salaries

The latest update from the General Accounting Office of the Republic has revealed the salaries of Cyprus’s state officials, effective from January 1, 2025....

5. Police demand €45,000 for carnival security, sparks outrage

A €45,000 bill from the police to Limassol's local authorities for security at this year's Sunday carnival parade has stirred heated reactions, with municipal officials calling the demand unacceptable and legally baseless....

6. 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....

7. Paphos-Polis ''killer road'' to become four-lane highway after years of delays

The long-debated Paphos-Polis Chrysochous road project is finally moving forward—with a major upgrade. What was once planned as a two-lane highway will now be a four-lane road, a move the government says will improve safety and boost economic growth in the region....

8. Police officer to stand trial on corruption and fraud charges

A police officer arrested in January on corruption-related charges is now facing legal proceedings after a case was officially registered against him last Tuesday before the District Court....

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

10. Struggling families at risk of losing homes on government-granted land

Low-income households that received state-owned land to build their first homes now face the real threat of losing their properties to lenders, according to a damning report by the Audit Office of the Republic of Cyprus....

11. Audit office wants big changes to land program for low-income families

The Audit Office has called for a major revision of the Land Allocation Plan for low-income families....

12. Shortcomings in Cyprus citizenship and immigration processes

A recent audit of the Department of Population and Immigration (DPI) has revealed significant delays in the processing of citizenship applications, particularly those based on marriage to a Cypriot citizen....

13. Bank of Cyprus Man of the Year Awards – 23rd Edition

On Wednesday, February 26, 2025, The Royal Hall in Nicosia will host the prestigious Bank of Cyprus Man of the Year Awards—an evening dedicated to honoring exceptional individuals who lead by example....

14. Millions spent, little progress: How Government failures derailed the Paphos-Polis road project

The Paphos-Polis Chrysochous road project has become a financial and legal mess, with millions already spent but little to show for it. Delays, contract disputes, and a legal loophole are holding up the project’s completion,...

15. Cyprus Airways Introduces Direct Flights To Venice

Cyprus Airways announces the launch of a new seasonal route connecting Larnaca to Venice, commencing May 30 and running through September 29, 2025, with enticing fares starting at just €86 one way. ...

16. Superhome Center sold to Greek company for €94 million

The sale of Superhome Center to Vasilitsi DIY for €94 million has been approved by the Board of Directors of Ermes Department Stores Plc....

17. Christodoulides unveils ambitious plans in State of the Union address

President Nicos Christodoulides has outlined a sweeping reform plan for 2025, aiming to enhance governance, strengthen security, and accelerate digital transformation. ...

18. Cyprus’ housing is in crisis as foreign buyers take over the market

As housing becomes an increasingly pressing issue for the majority of Cypriots, Parliament is opening up a debate on the surge in real estate purchases by third-country nationals....

19. RIK welfare fund scandal: Taxpayers on the hook for mismanaged millions

A potential case of misappropriation of public funds has emerged involving the Cyprus Radio Broadcasting Corporation's (RIK) Welfare Fund, according to findings from the Parliamentary Control Committee....

20. Police officer arrested on multiple charges of corruption

Investigations by the CID are ongoing...

21. Nurses took on second jobs and covered for each other

During Thursday's meeting of the Parliamentary Audit Committee, a finding that troubled attendees arose during discussions about the Audit Office's report on the central administration of the State Health Services Organization (SHSO)....

22. January Newsletter of K. Treppides & Co Ltd - 03/01/2025

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. Greece cracks down on Airbnb rentals

In a bold step to address its worsening housing crisis, Greece has introduced sweeping legislation to clamp down on short-term rentals listed on platforms like Airbnb. ...

24. Cyprus at a political crossroads: New faces, big promises, and uncertain futures

The political landscape in Cyprus is shifting, as traditional parties face growing public frustration and new figures step into the spotlight. ...

25. Celebrities' homes destroyed as wildfires force Hollywood's awards season to pause (VIDEO)

Hollywood's glittering awards season has hit a major roadblock as devastating wildfires rage across Los Angeles, forcing the cancellation and delay of key events. ...

26. December Newsletter of K. Treppides & Co Ltd - 27/12/2024

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....

27. 2024: A year of change and controversy in Cyprus

2024 was a year of upheaval and drama for Cyprus, marked by significant changes, political reshuffling, court decisions, and constitutional challenges. The events listed below highlight some of the most important moments that defined the year. ...

28. Video shows handcuffed inmate fatally beaten

Shocking footage from body-worn cameras shows the violent treatment of Robert Brooks, a 43-year-old inmate, by correctional officers at the Marcy Correctional Facility in New York....

29. How the European Artificial Intelligence (AI) Act will transform Auditing and Financial Reporting and the crucial role of the external auditor

The European Union took a bold step in August 2024 by adopting the AI Act, a landmark regulation designed to ensure that Artificial Intelligence systems are safe, ethical, and transparent. ...

30. Majority of Cypriots lack faith in government, according to recent survey

Cypronetwork, a Cyprus-based market research and consulting firm, has released its latest barometer survey, shedding light on the issues that most concern citizens in Cyprus, public trust in institutions, and electoral behavior....