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1. From water woes to bank bets, here are the stories to follow

2. 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. ...

3. Bank of Cyprus: Best Private Bank 2025 – Succeeds in Two More Important Awards from Euromoney

The Bank of Cyprus has received two important awards in 2025 that rank it as the best private bank in Cyprus at the Excellence Awards by the prestigious international magazine Euromoney. Both awards highlight the bank’s exceptional Private and Affluent banking services....

4. Cyprus surges ahead amid global economic headwinds

It’s hard to overstate the progress Cyprus has made in recent years. Once overshadowed by economic turmoil, the island has emerged as a standout in the Mediterranean, blending resilience with opportunity....

5. 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....

6. Cyprus gets credit rating boost: What it means for the economy

Cyprus received a major financial boost as credit rating agency Morningstar DBRS upgraded the country’s credit rating to A (low) from BBB (high), marking a key step in the country’s economic progress. ...

7. Here’s where the 11 new ATMs will be installed in Cyprus

The two major banks in Cyprus, Bank of Cyprus and Hellenic Bank, are moving forward with agreements made with President Christodoulides....

8. €170 Million expansion kicks off at Larnaca and Paphos airports

After years of planning and preparation, the expansion of Larnaka and Pafos Airports is officially underway. ...

9. 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....

10. Cyprus' economic growth faces challenges, lenders highlight key concerns

The Cypriot economy is showing strong signs of growth, with GDP expected to rise by over 3% and unemployment dropping below 5% in 2024. Private consumption continues to play a key role in driving this growth. ...

11. 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. ...

12.  ATM debate reaches Kykkos Monastery

An ATM at a monastery? It might sound like the setup for a joke, but it's a real proposal being considered as part of an effort to bring banking services to Cyprus' remote and mountainous regions....

13. 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....

14. Over 400 saplings and shrubs planted in Cape Greco

More than 400 native species of saplings and shrubs were planted on Saturday in the Cape Greco area, in a location that was previously a landfill....

15. 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,...

16. ECB cuts interest rates by 25 points as inflation eases

The European Central Bank (ECB) announced on Thursday a fresh interest rate cut, lowering its three key rates by 25 basis points in a bid to support the eurozone economy as inflation gradually eases....

17. Cyprus banks hit record high profits despite ECB rate cuts

Despite the European Central Bank (ECB) preparing for its sixth interest rate cut since June 2023, bank profits in Cyprus have soared, marking two consecutive years of record earnings. ...

18. Greek banks continue to invest in Cyprus with new acquisitions

Greek banks are showing no signs of slowing down when it comes to investing in Cyprus. ...

19. 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. ...

20. Supreme Court ruling forces ''haircut'' victims to district courts

The Cyprus Supreme Court has confirmed that cases related to the controversial 2013 ''haircuts'' at Bank of Cyprus and Laiki Bank must be heard by District Courts, not the Administrative Court, according to a statement from the Legal Service. ...

21. Bank of Cyprus cancels plan to sell JCC Payment Systems

The process for the sale of JCC Payment Systems has been halted, bringing an end to the deal between JCC and Euronet that had been under consideration since the summer of 2024....

22. Cyprus court halts sale of mortgaged property

In a landmark ruling, the Nicosia District Court has suspended the sale of mortgaged properties, citing illegalities in mortgage agreements....

23. 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....

24. Big US companies borrowing in Europe to save money

Big American companies are increasingly turning to Europe to borrow money at lower costs, taking advantage of cheaper interest rates compared to those in the US....

25. Christodoulides to visit US in April to boost Cyprus investments

President Nicos Christodoulides’ upcoming official visit to the United States in April is focused on strengthening Cyprus’ ties with the US and attracting investments, part of a broader government strategy. ...

26. Eurobank moves for full control of Hellenic Bank in major takeover push

February is shaping up to be a pivotal month for Hellenic Bank, as key financial moves unfold, including a full takeover bid by major shareholder Eurobank, the completion of key acquisitions, and a voluntary exit plan for employees....

27. 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, ...

28. Cyprus Central Bank sets interest rate limits to protect consumers

The Central Bank of Cyprus (CBC) has announced that the official reference interest rate will be set at 11.50%. This means that banks and other lenders in Cyprus must not charge higher rates than this when offering loans, extending payment terms, or renewing loans. ...

29. Cyprus ended 2024 with a banking boom as loans and deposits surged

Cyprus closed out 2024 with a surge in banking activity, as both loans and deposits saw substantial increases, according to the latest data from the Central Bank of Cyprus (CBC). ...

30. UK bank closures could disrupt British expats in Cyprus

Lloyds Banking Group is shutting 136 more branches across the UK, continuing a long trend of high street bank closures. ...