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1. PwC Cyprus sponsors the Reflect Festival 2025 - the Premier Tech & Entrepreneurship Event Connecting Europe, Africa, and the Middle East

PwC Cyprus once again took center stage at Reflect Festival 2025, held on 15-16 May in Limassol, reaffirming its commitment to fostering innovation and leadership in the business world....

2. New 15% tax hits Hellenic and other banks

Hellenic Bank has just become the poster child for how Cyprus’ new 15% minimum tax law is starting to shake up the financial sector — and it’s not just about tax bills....

3. Cyprus taken to EU court (again) over dangerous, unfinished landfills

The European Commission has decided to drag Cyprus back to the European Court of Justice, this time over a long-standing failure to clean up two problematic landfills that have been sitting idle but unsafe for years....

4. 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....

5. Speed cameras near roundabouts: Safety measure or trap?

In what’s becoming a classic Cyprus traffic debate, speed radars popping up near roundabouts have sparked new controversy. Are they strategically placed for safety, or sneakily set up to catch unsuspecting drivers?...

6. Cyprus moves forward with ambitious plan to revamp waste management

The Ministry of Agriculture announced plans to move forward with developing a comprehensive network of municipal waste management facilities, including upgrades to the Pentakomo and Kosi Environmental Management Units....

7. Anastasiades denies press control, explains controversial ''devil'' remark

In an exclusive interview, the former President of Cyprus addresses questions about media control, the "Gang" book controversy, and the infamous ''devil'' comment....

8. Big pharma challenges EU over wastewater treatment costs

A legal battle is unfolding between the pharmaceutical and cosmetics industries and the European Union over who should bear the financial burden of urban wastewater treatment....

9. Church tells priests to keep it holy on Holy Saturday

The Church of Cyprus has issued an unusual directive ahead of Holy Saturday, reminding priests that they are not auditioning for a dance competition during the ''Anasta O Theos'' hymn....

10. March Newsletter of K. Treppides & Co Ltd – 19/03/2025

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. ...

11. Concerns raised over dog training decree in protected Natura 2000 areas

The Office of the Commissioner for the Environment and Animal Welfare has called on the Game and Wildlife Service to immediately revoke the Decree concerning the 13 protected areas within the Natura 2000 Network....

12. Cyprus demands flexibility on migrant returns, challenging EU approach

In a forceful appeal at the EU Justice and Home Affairs Council in Brussels, Deputy Minister of Migration and International Protection Nikolas Ioannidis made it clear: Cyprus will not accept a one-size-fits-all approach to migrant returns....

13. Net-billing to replace net-metering: What you need to know

Cyprus is set to transition from the current net-metering system to net-billing for new residential solar energy systems, with the backing of the European Union....

14.  Unique protected species in Europe killed at the Mavrokolympos Dam

A month ago, the Ministry of Agriculture announced an environmental disaster: the drainage of the Mavrokolympos dam due to a technical failure that could not be repaired. ...

15. Hotels cannot retain guest ID copies, Commissioner warns

16. Takata airbag crisis and Cyprus's failure to act

The case with the problematic car airbags and the authorities rushing in to try to withdraw vehicles with defective Takata airbags from circulation reveals the enormous responsibilities of those who handled the issue politically and technocratically over the last thirteen years....

17. Europe at a crossroads: Act now or fade into irrelevance

Cyprus MP Michalis Sophocleous has laid out a stark and urgent vision for the European Union’s future. His recent statement on X is not just a policy wishlist—it’s a call for Europe to wake up before it becomes a relic of the past....

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

19. Schools in Dromolaxia-Meneou face closure

Twelve schools in the Dromolaxia-Meneou municipality in are at risk of closure on Monday due to a strike by school staff over unpaid wages....

20. Israeli airlines suspend flights to Paphos over security concerns

Israeli airlines EL AL, Arkia, and Israir will now land exclusively at Larnaca International Airport due to a directive issued by Israel’s Internal Security Agency late Sunday night....

21. Turkey condemns U.S. military support for Cyprus

Turkey has voiced strong opposition to the Biden administration’s recent decision to include Cyprus in three U.S. defense programs, just hours before Joe Biden handed over the presidency to Donald Trump. ...

22. Over 69,000 migrants arrive in East Med as Cyprus faces rising numbers

In 2024, Cyprus found itself in a challenging situation as one of the two EU regions where irregular arrivals of migrants and refugees actually increased, according to new data from Frontex, the European Border and Coast Guard Agency....

23. 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.''...

24. 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....

25. Cyprus plans big changes for better waste management

The Ministry of Agriculture, Rural Development, and Environment announced plans to upgrade Cyprus' waste management infrastructure,...

26. Israel seizes Golan Heights buffer zone after Assad's fall

After the fall of Syrian President Bashar al-Assad’s regime, Israel seized control of a crucial buffer zone in the Golan Heights, an area that has been a source of ongoing geopolitical tension....

27. Cyprus MPs vote on major bills, including tax hikes and baby bonuses

The Cyprus Parliament was busy on Thursday, voting on a series of important bills that could reshape the island's economic landscape and support families....

28. ‘Business as usual’ for world’s top companies as they get ahead of mandatory sustainability reporting rules

With mandatory sustainability reporting nearly upon us, new research from KPMG reveals the world’s biggest companies are taking a proactive approach, with a significant increase in businesses already publishing ESG data, including carbon reduction targets....

29. Nationally funded research project DYNAMO to redefine energy sharing within communities

The first meeting of the consortium for the DYNAMO project (Decentralized Energy Management Platform for Smart Communities) was recently held, launching the project which aims to redefine energy sharing and transactions within communities....

30. Major companies eye Cyprus as European HQ, says annual securities report

The President of Cyprus, Nicos Christodoulides, met with the Cyprus Securities and Exchange Commission (CySEC) at the Presidential Palace to receive their 2023 annual report. ...