Search

1. Cyprus tweaks gas deal to speed exports to Egypt

Cyprus and Egypt are taking steps to streamline the export of Cypriot natural gas, officials said Friday, as the two countries look to deepen energy ties amid the island’s EU Council Presidency....

2. European banks poised for €30 billion boost in interest income

European banks are poised for a financial rebound, with net interest income expected to climb by roughly €30 billion over the next two years, analysts say, as loan growth and strategic hedging offset the drag from lower interest rates....

3. Cyprus Tax Reform 2026: What Changed and What Stayed the Same

On 22 December 2025, the House of Representatives approved a wide-ranging tax reform package, with most measures taking effect from 1 January 2026. It is not an incremental adjustment....

4. From money haircuts to power haircuts

What has stayed with me most from Cyprus’ first term holding the Presidency of the EU Council, back in 2012, is the issuance of the Council Conclusions, the unanimous decisions that called for approval of the infamous EU directive on “banking resolution and recovery.” ...

5. Cypriots borrow more, but stash far more cash in the bank

Cypriots borrowed more and saved even more in November, a sign that households are still reaching for credit while parking cash in the bank, even as the cost of living keeps biting....

6. Cyprus pays drivers stuck with faulty airbags, €100 per week for waiting

The Cypriot government has handed out one-time payments to drivers whose cars were grounded because of faulty airbags, a move aimed at easing frustration and financial strain caused by a nationwide vehicle recall....

7. Coral Cyprus (Shell Licensee) once again fueled the energy at this year’s Boyz Stuff Show

Coral Cyprus (Shell Licensee), successfully sponsored and participated for the second consecutive year in the Boyz Stuff Show 2025, ...

8. New bank tax could ease the pinch on families, but who’s behind it?

A year after narrowly losing a vote in parliament, AKEL is back with a new proposal to impose an emergency tax on banks for 2025 and 2026, calling it a “solidarity levy” aimed at helping everyday Cypriots cope with rising costs....

9. Turkey protests ''historic'' EEZ deal with Lebanon

Cyprus is waking up to what officials are calling a “historic” moment after finally sealing an Exclusive Economic Zone (EEZ) agreement with Lebanon, a deal that had been stuck in limbo for nearly two decades....

10. Fitch lifts Bank of Cyprus rating, citing stronger economy and cleaner balance sheet

Bank of Cyprus got a financial thumbs-up from Fitch Ratings on Wednesday, with the agency upgrading the bank’s long-term rating to ‘BBB’ from ‘BBB-’ and giving its Viability Rating the same bump....

11. He thought he’d found the perfect crypto investment, but was scammed out of €50,000

A resident of Larnaca has reported losing €50,000 to an online investment scam, according to a statement filed with the Larnaca CID’s Financial Crime Investigation Office....

12. Cyprus pushes for electricity links to strengthen regional influence

Cyprus is taking bold steps to establish itself as a key player in the Eastern Mediterranean energy scene, President Nikos Christodoulides said Tuesday at the 13th Energy Symposium. ...

13. Coral Cyprus (Shell Licensee) launches the new campaign for the latest generation of Shell V-Power fuels

Coral Cyprus (Shell Licensee) is launching its new campaign for the latest generation of Shell V-Power fuels - Shell’s most advanced fuels designed with next-generation cleaning technology that removes 100% of deposits from critical engine parts and prevents their future build-up....

14. Wolt loans nearly €2 million to Cypriot small and medium enterprises

Wolt, the platform connecting consumers, local businesses, and delivery partners, has lent nearly €2 million to small and medium-sized enterprises (SMEs) in Cyprus. ...

15. Bank of Cyprus posts €353 million profit in 2025 despite lower interest income

Bank of Cyprus reported profits of €353 million for the first nine months of 2025, slightly below the €401 million earned in the same period last year but still showing solid results in a cooling economy....

16. Alpha Bank completes the acquisition of AstroBank’s banking operations in Cyprus

Alpha Bank announces the successful completion of the acquisition of substantially all assets and liabilities of AstroBank Public Company Ltd (“AstroBank”), through its subsidiary Alpha Bank Cyprus Ltd (“Alpha Bank Cyprus”) and other Group entities, following the receipt of all required regulatory approvals (the “Transaction”)....

17. Cyprus reports €29.3 billion negative net financial position, household income climbs in 2024

Cyprus closed 2024 with a negative net financial position of €29.27 billion, according to new data detailing macroeconomic indicators by institutional sector....

18. Bank of Cyprus opens 'India Hub' to attract new business

The Bank of Cyprus is setting up a special ''India Hub'' to help Indian businesses work with the bank and explore opportunities in Cyprus and Europe....

19. Politics Blog: Same circus, new clown

When I was a kid, I read Böll’s The Clown’s Opinions. It stuck with me, but not nearly as much as yesterday’s proclamation from our own local clown, Fidias Panayiotou. ...

20. BidX1 launches October Catalogue featuring coastal villas, city apartments & more

BidX1 is pleased to announce that the catalogue for its next auction, taking place on Wednesday 22nd October, is now live and available to view here....

21. Full speed ahead

Investigations. Findings. Suspicions abound, and the main players are top officials. The allegations? Acts of corruption....

22. Politics blog: The 67 million, CyBC, and cat neutering

A bombshell statement from Chrisis Pantelides: some people pocketed money and handed the project to the Chinese! Wait, does he mean Cypriots?...

23. EIF and Eurobank join forces to channel €62.5 million in new financing to Cypriot SMEs and start-ups

The European Investment Bank Group (EIB Group) today announced the first InvestEU Guarantee transaction in Cyprus, marking a major milestone in bringing EU-backed financing closer to Cypriot businesses....

24. BidX1 brings bargains to the block in September auction

New BidX1 catalogue launched – 10 houses & apartments in Pegeia among highlights...

25. Cyprus begins €44M payouts to 2013 bailout victims

More than 4,500 people who lost money in Cyprus’ 2013 banking collapse are finally seeing compensation, with €44.36 million being paid out on Thursday, officials said....

26. Casino boom in occupied north sparks fears for future peace talks

In the shadow of international isolation, Cyprus' occupied north is gambling on a high-stakes future: doubling its number of casinos to 64....

27. Cyprus savers earn less, borrowers pay more as banks widen gap with Eurozone

If you’re saving your money in a Cypriot bank, you’re probably earning less interest than the average European. But if you’re borrowing for a home or your small business, you’re likely paying more....

28. BOC reports €235M in profits, but what does that actually mean for the rest of us?

29. Want to visit the U.S.? You might have to pay a $15,000 deposit first

Planning a vacation or business trip to the U.S.? You might want to check your bank account first....

30. Government unveils comprehensive aid package for Limassol fire victims: Cash payments, rent subsidies, and full damage restoration

Regarding the support and payment of financial aid to citizens affected by the fires in communities of the Limassol District, and following the announcement of the President of the Republic last Sunday, the Council of Ministers decided today on the following measures....