Search

1. 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....

2. Justice Minister renounces lifetime pension in rare move

Cyprus’ Justice and Public Order Minister Costas Fytiris is walking away from a benefit many politicians quietly keep: a lifetime ministerial pension....

3. Cyprus 2024 data show that the gender pay gap persists across sectors

Despite gradual improvements, women in Cyprus continue to earn less than men on average, according to the latest data from the Statistical Service for 2024....

4. Cypriot banks see lower profits but growing assets in 2025

Cyprus’s banking sector recorded a notable decline in profitability during the first nine months of 2025, even as its balance sheet continued to expand, according to the latest data released by the Central Bank of Cyprus....

5. India's Historic Labour Reforms: Building a Fair, Modern, and Inclusive Work Ecosystem

India stands at a pivotal moment in its economic journey. As the nation accelerates toward becoming a global economic powerhouse, the Government has undertaken a historic transformation of its labour laws—consolidating 29 fragmented labour statutes into four comprehensive Labour Codes....

6. November Newsletter of K. Treppides & Co Ltd – 27/11/2025

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. ...

7. 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....

8. Cyprus banks rake in over €750 million, even as rate cuts cool

Cyprus’ biggest banks are still posting hefty profits this year, even as the era of sky-high earnings seen in 2023 and 2024 begins to lose steam....

9. Greece targets Cyprus-linked ''mailbox'' companies for tax evasion

Greek tax authorities have launched a sweeping crackdown on thousands of businesses that have shifted their headquarters to Bulgaria, Romania and Cyprus while continuing to operate primarily in Greece....

10. 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....

11. Cyprus tourism hits record highs, €2.47 billion in eight months

Tourism in Cyprus is booming. August alone brought in €581.8 million, up nearly 14% from last year, while total earnings from January through August hit €2.47 billion, marking a 16.5% increase compared with the same period in 2024....

12. Cypriots earn a bit more in 2024, just don’t spend it all at once

Workers in Cyprus took home more money in 2024, but the pace of wage growth lost steam as inflation continued to squeeze household budgets....

13. Cyprus tourism hits record highs, but who’s spending the most?

Cyprus is experiencing a surge in tourism, but not all visitors are equally generous with their wallets. Recent data sheds light on which travelers contribute most to the island’s economy....

14. Cyprus teachers rank among Europe’s best-paid after 15 years in the classroom

Cypriot teachers see some of the fastest salary growth in Europe, according to new figures released by Eurydice, the European Commission’s network for education analysis....

15. 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....

16. 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....

17. 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....

18. 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....

19. 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....

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

21. 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....

22. 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. ...

23. 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....

24. 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. ...

25. 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....

26. 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....

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

28. 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....

29. 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....

30. 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. ...