Search

31. Cyprus's car market is a tangled mess

On Monday, February 3rd, manufacturers decided to immobilize 138 vehicles due to the risk of faulty TAKATA airbags, and another 138 due to brake issues....

32. Tesla recalls cars in Cyprus over faulty Takata airbags

Tesla has issued a recall for 26 vehicles in Cyprus due to faulty Takata airbags, raising concerns for local owners of the electric car brand....

33. A week in Cyprus: Broken promises, electricity woes, and a Valentine’s Day summit?

The government keeps repeating the same promises, but according to DISY, that won’t be enough to convince the public. But why not? Repetition helps people absorb information, right? ...

34. New EU directive to shake up electricity pricing in Cyprus

35. 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, ...

36. How Abramovich evaded millions in taxes using Cyprus

A massive tax evasion scheme tied to Roman Abramovich’s superyachts has been uncovered, shedding light on how the Russian billionaire exploited Cyprus’ offshore business environment. Leaked documents reveal that from 2005 to 2012, Abramovich’s companies set up a fake yacht-leasing business in Cyprus to dodge EU taxes on his luxury vessels....

37. Lidl strengthens its international commitment to conscious nutrition together with WWF

Lidl is advancing its commitment to conscious nutrition by further aligning its product range with the Planetary Health Diet (PHD)1 by 2050. By 2030, Lidl will increase the proportion of plant-based foods sold, such as plant-based protein sources, whole grains, fruits and vegetables, by 20 percent compared to 2022. As the first retailer to apply WWF’s methodology across all 31 Lidl countries with stores, Lidl brings transparency to its offerings across all food groups, empowering customers to make more environmentally conscious and healthier choices. To address global challenges, like climate change, biodiversity loss and diet-related diseases we need to transform our food system2....

38. Building safety concerns prompt EAC building evacuation

The Electricity Authority of Cyprus (EAC) has evacuated its oldest building in central Nicosia as a precautionary measure after inspections flagged seismic safety deficiencies....

39. Turkish Airlines’ ‘Pet Lounge’ gives furry travelers first-class perks

It seems Turkish Airlines is tired of its furry passengers feeling left out of the first-class treatment. The airline, which already prides itself on flying to more countries than any other, just rolled out a ‘Pet Lounge’ at Istanbul Airport....

40. President's banking measures spark surge in first-home loans

President Nikos Christodoulides' efforts to support citizens through new banking measures are beginning to yield results. Meetings held in December with the CEOs of Cyprus’ two major banks, Bank of Cyprus (BoC) and Hellenic Bank (HB), appear to have sparked a tangible interest in first-home mortgage schemes....

41. First Cypriot appointed to helm global shipping powerhouse

The appointment of a Cypriot as Secretary General/CEO of the International Chamber of Shipping (ICS) is a major vote of confidence in the Cypriot shipping industry....

42. Starbucks’ new rule: No coffee, no entry

Starbucks is set to roll out a new policy requiring customers to make a purchase if they wish to linger in its cafes or use its bathrooms. ...

43. AI to shake up banking putting thousands of jobs at risk

The global banking industry is bracing for a seismic shift as artificial intelligence (AI) continues to revolutionize the sector. A recent study by Bloomberg Intelligence predicts that up to 200,000 jobs in banking will be eliminated over the next three to five years as AI takes over tasks currently performed by employees....

44. McDonald’s cuts LGBTQ+ inclusion efforts, but claims it still ‘cares’ about diversity

McDonald’s, one of the world’s most recognizable brands, is recalibrating its diversity, equity, and inclusion (DEI) policies in response to recent societal and legal changes....

45. Investor scammed out of $58,000 in cryptocurrency fraud

The promise of easy profits through online investments lured a 50-year-old man into a sophisticated cryptocurrency scam, resulting in the loss of $58,000....

46. Banks under fire: How public pressure forced a shake-up

Over the past decade, Cypriot banks have paid over €500 million to the state through a special levy known as the ''double tax.''...

47. Bank of Cyprus rolls out support measures for vulnerable groups

After a tense voting session last week, when the bill to tax bank profits narrowly failed to pass in Parliament, the Bank of Cyprus seems to be stepping up with measures aimed at helping vulnerable communities across the island. ...

48. Banks announce 1% interest rate reduction

Following the parliamentary approval of the state budget and Tuesday’s meeting at the Presidential Palace with the CEOs of Bank of Cyprus and Hellenic Bank, Finance Minister Makis Keravnos appeared on RIK’s program Challenges on Wednesday evening....

49. Bean Bar brings Christmas magic to life

Christmas time is here again, and Bean Bar invites us to experience the magic of the most beautiful time of the year and to make the true meaning of the holidays come true by supporting children in need....

50. Money transfers in 10 seconds coming to Cyprus

Starting on January 9, 2025, Cyprus will join the rest of the SEPA zone (33 countries) in offering instant bank transfers, revolutionizing how payments are made....

51. The Banker: Bank of Cyprus wins Bank of the Year award again for 2024

The Banker, one of the leading international publications focused on banking and finance, has named Bank of Cyprus the Bank of the Year in Cyprus in its 2024 awards....

52. New Alphamega Hypermarkets’ store opens in Astromeritis

Another state-of-the-art store was added to the Alphamega Hypermarkets’ chain. The new Alphamega Hypermarkets’ store in Astromeritis has opened its doors to the public today. It is the 20th store of Alphamega Hypermarkets, Cyprus largest and fastest growing hypermarket chain....

53. AI in Finance: Embrace the Future or Be Left Behind

Technology is changing how we do everything, and finance is no different. ...

54. Dine and donate for the sake of vulnerable children

Get Fresh, a culinary pioneer committed to wholesome and delicious food, is launching a heartwarming initiative to support Hope For Children CRC Policy Center. ...

55. Government expands subsidized electricity rates for vulnerable households

The Cyprus Electricity Authority (EAC) announced an important update regarding its special household tariff for vulnerable consumers, known as Code 08...

56. Cyprus EU anniversary coins spark collector mania

The Central Bank of Cyprus’ commemorative coins celebrating 20 years since Cyprus joined the European Union have proven to be a hot commodity among collectors....

57. Eurobank acquires full control of Hellenic Bank

Eurobank has taken a significant step in consolidating its presence in Cyprus, announcing the acquisition of a controlling stake in Hellenic Bank, according to a report by Panyiotis Rougalas....

58. Pronomia scheme: Travel benefits for 125 lucky contestants

The countdown to Christmas has begun, and Bank of Cyprus is getting its customers in the festive mood, in a special way. The ‘pronomia’ loyalty scheme will give 125 lucky winners the chance to travel and enjoy new, unique experiences....

59. Bean Bar: Celebrating Christmas by supporting children

Bean Bar is getting in the festive spirit and welcomes the magic of Christmas, our children’s favourite holiday, while supporting the work of Hope for Children....

60. Are you driving an unsafe car? Gaps in recall alerts spark concern in Cyprus

Car safety in Cyprus is under the spotlight as gaps in the vehicle recall system are leaving drivers unknowingly at risk. ...