Search

1. Fight over fair pay for all heats up

Cyprus is bracing for fresh labor tensions as the government pushes ahead with plans to extend the Automatic Cost of Living Allowance (ATA) to all workers, a pre-election pledge by President Nikos Christodoulides....

2. Cyprus workers to strike Thursday as government pushes ATA pay reform

Cyprus’ Labor Minister Yiannis Panayiotou made a last-minute appeal to trade unions Wednesday, urging them to hold off on Thursday’s planned general strike as he unveiled the government’s updated framework for the automatic cost-of-living adjustment, known locally as the ATA....

3. Woman loses over €65,000 in online investment scam

A 48-year-old woman has reported losing more than €65,200 after falling victim to an online investment scam, authorities said Thursday....

4. Priests and police caught in drug and arms ring

Greek police have dismantled a sprawling criminal network in Chania that involved not only hardened criminals but also businessmen, police officers, and even clergymen, authorities said Wednesday....

5. Lidl Cyprus is inviting young talents to seize the last available spots in the Lidl UP: Learn & Work program

The application process for Lidl UP: Learn & Work has begun with increased interest. Places are limited – one per Lidl store – and the first participants have already been selected....

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

7. Women still earn less in Cyprus

Despite some progress in recent years, a significant wage gap between men and women remains in Cyprus, according to new figures released by the Cyprus Statistical Service....

8. Freedom Holding Corp. reports 23% revenue growth for FY2025, driven by strong performance across brokerage and insurance segments

Freedom Holding Corp. (FRHC), a diversified financial services firm and the founder of Freedom24, has announced its financial results for the fiscal year ended 31 March 2025. ...

9. Cyprus returns to three systemic banks after Alpha Bank Cyprus-AstroBank deal

Cyprus is set to have three systemic banks again after Alpha Bank Cyprus signed a final agreement to acquire most of AstroBank’s assets and liabilities. The deal was officially signed Tuesday, June 24, 2025....

10. Freedom Holding Corp. reports 23% revenue growth for FY2025, driven by strong performance across brokerage and insurance segments

Freedom Holding Corp. (FRHC), a diversified financial services firm and the founder of Freedom24, has announced its financial results for the fiscal year ended 31 March 2025. ...

11. 25th Petrolina Annual General Meeting

On Thursday, the 19th of June, the 25th Annual General Meeting of the Shareholders of Petrolina (Holdings) Public Limited took place....

12. New era in vocational training: Lidl Cyprus invests in the new generation

Lidl Cyprus is ushering in a new era in vocational education and training with Lidl UP: Learn & Work, an innovative dual education programme, implemented in collaboration with the Future Skills Hub, the Learning Center of the European University Cyprus....

13. Freedom24 hits 100K users in Greece, driven by digital-savvy investors

14. Moody’s upgrades Bank of Cyprus to A3

Moody’s Investors Service has upgraded Bank of Cyprus’ long-term deposit rating to A3 from Baa1 and revised its outlook to stable....

15. April Newsletter of K. Treppides & Co Ltd – 25/04/2025

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....

16. Apple ditches China for India to dodge Trump’s tariffs

Apple is planning a major shakeup in how, and where, it makes iPhones for the U.S. market. Starting as early as next year, the tech giant wants all iPhones sold in America to be assembled in India, instead of China. The reason? Tariffs. ...

17. 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. ...

18. 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....

19. 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. ...

20. Aegean reports strong 2024 results with record revenue and passenger growth

AEGEAN announces its operating and financial results for fiscal year 2024....

21. 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....

22. 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. ...

23. Freedom Holding Corp. reports 57% surge in Q3 revenue, hits $9 billion market cap milestone

Freedom Holding Corp. (FRHC), the parent company of Freedom24, has announced two significant milestones: strong third quarter results for fiscal year 2025 and a record market capitalisation of $9 billion....

24. 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)....

25. Cambridge law student sues over PhD failure

A Cambridge University law student has filed a lawsuit against the prestigious institution, claiming disability discrimination after failing his PhD and delaying his career as a barrister....

26. 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....

27. A little extra for everyone as pensions get a new year's boost

The Council of Ministers has approved an increase in pensions from the Social Insurance Fund (TKA) starting in January 2025....

28. Geoeconomic tensions and Cyprus: Staying the course amid challenges ahead

Geoeconomic fragmentation, the reversal of progress towards global economic and financial integration due to political and military conflict and strategic policy decisions, is rising....

29. Help is on the way for young couples needing a home

Starting Friday, November 15, young people and couples in Cyprus will be able to apply for financial assistance through a new housing plan. The program, designed to support those up to the age of 41, will accept applications online until December 31, 2024, at noon....

30. Cyprus' average monthly salary reaches €2,250 in 2023

Cyprus saw a notable increase in average salaries in 2023. According to the latest figures from the Cyprus Statistical Service, the average gross monthly salary for employees on the island reached €2,363 in 2023, ...