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151. FIBA EuroBasket 2025 gives Limassol economy a slam dunk

The FIBA EuroBasket 2025 has given Limassol’s economy a major shot in the arm, with hotels, restaurants, and shops reporting a surge in business as thousands of fans, teams, and journalists poured into the city....

152. August Newsletter of K. Treppides & Co Ltd – 29/08/2025

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. ...

153. Consulting the outside world and other matters

The Ministry of Finance, implementing the governance program of Nikos Christodoulides, has put six tax reform bills out for consultation with outside experts and stakeholders....

154. Cyprus minister calls power cable ‘unsustainable,’ sparking pushback from Athens

Cyprus’ finance minister set off a storm this week after questioning whether a long-delayed electricity link between Cyprus, Greece, and Israel can actually work under current terms....

155. Turkish Cypriot opposition leader warns against two-state plan

Tufan Erhurman, leader of the Republican Turkish Party (RTP) and candidate for Turkish Cypriot leader, has warned that pursuing a ''two-state'' solution on the island would strip Turkish Cypriots of their rights and weaken their international standing....

156. Cyprus braces for nationwide strike over cost-of-living dispute

Cyprus is bracing for a nationwide strike next week, after trade unions announced a three-hour walkout on Sept. 11 in protest over stalled talks on the cost-of-living allowance known as ATA....

157. Cyprus moves to tighten foreign investment rules and boost transparency

Cyprus is set to introduce stricter controls on foreign investments in a new bill aimed at protecting critical sectors while keeping the country attractive to reliable investors....

158. Falling birthrates force Greece to suspend hundreds of schools

Greece will suspend operations at more than 700 schools this academic year as the country’s demographic crisis drives student enrollment to record lows, officials said....

159. BlackRock Becomes The Second-Largest Shareholder of Freedom Holding Corp.

Freedom Holding Corp. (NASDAQ: FRHC), a global financial services and technology company and the parent company of the Freedom24 investment platform, announced that BlackRock has increased its stake in the company to 0.85%, investing about $89 million....

160. 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....

161. Cyprus hotel unions threaten strikes over misuse of foreign worker permits

Two major Cypriot hotel worker unions have warned of potential strikes, accusing hotel operators of misusing foreign worker permits to undermine labor rights and violate collective agreements....

162. September 1 to mark historic merger of Hellenic Bank and Eurobank Cyprus

On September 1, Hellenic Bank and Eurobank Cyprus are set to complete their merger, transferring all assets and liabilities to form a single, stronger institution. The merger is expected to reshape the Cypriot banking sector and expand services for customers across the island....

163. Cyprus issues 21,000 work visas as foreign companies import talent

Between 2023 and 2024, almost 21,000 people were employed in Cyprus by foreign-owned companies, according to official data from the Ministry of Migration and International Protection. ...

164. Cyprus and Greek banks on a winning streak

Big banks in Cyprus and Greece are riding a wave of strong performance so far in 2025, catching the eye of investors and hinting at even brighter prospects ahead....

165. Mercedes sells Nissan stake as Japanese carmaker struggles with losses and job cuts

Mercedes-Benz has cashed out of Nissan, selling its 3.8% stake for €279.6 million ($307 million), raising fresh questions about the Japanese automaker’s future....

166. Greece considers 10-hour workdays under sweeping labor bill

Greece’s Labor Ministry has unveiled ambitious new legislation that could see 10-hour workdays spread over four days a week, alongside other major changes to how Greeks work and get paid....

167. Lidl Cyprus is committed to combating food waste by raising awareness among the general public with the aim of a better tomorrow

Lidl Cyprus fully understands that food waste is a serious global problem, with significant impacts on the environment, society and the economy....

168. Euromoney: Bank of Cyprus Named Best Bank for the 10th Consecutive Year

Euromoney, one of the leading international magazines focused on banking, finance and financial markets, has named Bank of Cyprus the Best Bank in Cyprus in its 2025 Awards for Excellence. This is the 10th year that Bank of Cyprus has been recognised by Euromoney as Cyprus’ Best Bank....

169. Cyprus to plan market return despite global uncertainty

Cyprus will begin planning its return to international financial markets in September, aiming for a fourth-quarter re-entry, officials confirmed....

170. Tiny insect threatens Cyprus’ iconic prickly pear cacti

A tiny insect threatens to wipe out prickly pear cacti in Cyprus within a few years, potentially depriving the island of a summer fruit deeply rooted in Cypriot culture....

171. Cyprus posts third-highest rise in EU greenhouse gas emissions, Eurostat says

Cyprus posted one of the sharpest rises in greenhouse gas emissions in the European Union during the first quarter of 2025, according to figures released Friday by Eurostat....

172. Cyprus property market sizzles in July

Even though July marks the start of summer holidays for Cypriots, the month delivered a strong push to the property market....

173. Cyprus’ shopping bill outpaces its sales, trade deficit grows in first half of 2025

New figures from the Statistical Service show the country’s trade deficit, basically the difference between what we spend on imports and what we earn from exports, hit €3.87 billion between January and June this year. That’s up from €3.65 billion in the same period of 2024....

174. Cyprus hotels join Europe’s legal fight to break Booking.com’s grip

Hotels in Cyprus are among more than 10,000 across Europe taking part in a class-action lawsuit accusing Booking.com of abusing its market power for two decades. ...

175. 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....

176. Cyprus is a magnet for foreign companies as registrations surge

Foreign companies are flocking to Cyprus at a growing pace, with business registrations up by 30% in just six weeks, a sign that the island is solidifying its position as a prime investment hub in the region....

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

178. End of an era as KEAN factory to be replaced by urban high rises

One of Cyprus’s most iconic factories is shutting down. After nearly 70 years in the heart of Limassol, the historic KEAN factory will officially wrap up operations at its current site by 2026, marking the end of an era for the local soft drink producer....

179. Eurobank to hike dividends by over 50%

Eurobank has announced plans to increase its dividend payout by more than 50% next year, alongside a juicy interim dividend of €170 million, equivalent to 4.7 cents per share. The news comes despite a small dip in profits, showing the bank’s confidence in its growth path and expanding footprint....

180. USA 1 – EU 0

Just days before the August 1st deadline, the U.S. and the EU managed to strike a new trade deal, prompting sighs of relief, as the two traditional allies will not have to clash, at least for now....