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1. AI Auditing or Auditing AI? Ensuring Accountability and Trust

As artificial intelligence (AI) systems are used more and more in core business models in multiple sectors such as finance, healthcare, technology, and human resources, ensuring their transparency, fairness, integrity and reliability is paramount....

2. Greek companies eye Cypriot market for new business opportunities

Greek businesses are continuing to make their mark on Cyprus, with a growing number of companies looking to expand and partner with Cypriot firms....

3. Global fintech investment falls to seven-year low of $95.6 billion in 2024, but uptick in Q4’24 is a sign of cautious optimism says KPMG’s Pulse of Fintech H2’24

2024 was another difficult year for fintech, with just $95.6 billion of investment globally across 4,639 deals....

4. 2024 global VC investment rises to $368B as investor interest in AI soars

Global VC investment rose from $349.4 billion across 43,320 deals in 2023 to $368.3 billion across 35,684 deals in 2024 despite a multitude of challenges, including global conflicts and geopolitical tensions, uncertainties associated with a significant number of major elections—...

5. Bank of Cyprus posts €508M profit for 2024

Bank of Cyprus has posted impressive results for 2024, reporting net profits of €508 million, marking a 4% increase from the previous year’s €487 million. The results reflect the bank's strong performance and growth, despite slight fluctuations in some areas....

6. 73-year-old woman and daughter lead family-run sex trafficking ring in Athens

In a dramatic operation earlier this week, Greek police, in collaboration with NGOs OUR RESCUE and A21, dismantled a large sex trafficking ring allegedly run by a 73-year-old woman, known only as ''Marina,''...

7. IGC Business & Investment Council Launched in India

The India-Greece-Cyprus (IGC) Business & Investment Council was officially launched today at the Taj Mahal Palace in Mumbai, marking a significant milestone in strengthening the economic ties between the three nations. ...

8. Four new types of branches at the Bank of Cyprus

Bank of Cyprus branches are entering a new era, with the bank having moved to modernise the operational model of its network with four types of branches....

9. Greek companies dominate Cyprus market with expanding investments

In recent years, a wave of Greek companies has been making significant strides in Cyprus, investing across various sectors and expanding their reach....

10. Cyprus banks see €1 billion in profits as NPL's decline in 2024

Cypriot banks reported impressive financial growth in the first nine months of 2024, with total profits reaching €952.5 million after taxes, a sharp rise from €602.92 million by mid-year. ...

11. Cyprus’ Deputy Minister for European Affairs outlines vision for 2026 EU Presidency

In an exclusive interview by Kathimerini's George Kakouris, Deputy Minister of State for European Affairs Marilena Raouna described the upcoming Cyprus Presidency of the Council of the EU in 2026 as both a significant challenge and an unparalleled opportunity....

12. Geopolitical turbulence presents a looming threat to 2025 economic growth

Speaking at the 20th Economist Conference in Nicosia, Nick Hill highlighted the macroeconomic and geopolitical challenges shaping the global financial environment....

13. 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....

14. Cyprus to host ''Battlefield Redefined 2024'' defence conference

The conference will explore cutting-edge topics, including artificial intelligence (AI), unmanned aerial and ground vehicles (UAVs and UGVs), cybersecurity, missile systems, electronic warfare, satellite technologies, and more....

15. Court hands down stiff sentences in major extortion and embezzlement case

In a significant move against financial crime, the Criminal Court in Larnaca has handed down tough sentences to two men involved in an elaborate scheme of extortion, embezzlement, and money laundering. ...

16. 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....

17. ARIS │ A REALLY INSPIRING STORY is looking to cultivate new stories of success

18. Europe braces for Trump’s return as leaders offer cautious congratulations

European leaders, including French President Emmanuel Macron, have cautiously congratulated Donald Trump on his claimed U.S. election victory....

19. Cyprus gains investor confidence as economic reforms and US ties bolster growth

International investors have shown sustained confidence in Cyprus’ economy and business ecosystem, recognizing the country as a stabilizing force in the region......

20. The New Era of Accounting Services: A Complete Solution for CFOs

Comprehensive Solutions for CFOs in the Modern Accounting Landscape, in the fast-paced business world of today, strategic financial management has become increasingly critical....

21. 18% of Cypriot businesses hit by cyberattacks in 2023

In 2023, nearly one in five businesses in Cyprus reported experiencing a cyberattack, according to a recent survey by the Cyprus IT Enterprises Association (CITEA)....

22. The 7th Autumn Festival – Halloween Edition by Inspired Family Fun Returns!

Join us for a weekend of spooktacular fun at My Mall Limassol from October 26 to 28, as we celebrate Halloween in the most magical way! ...

23. Greek households order food up to 3 times a week

More and more households in Greece are relying on takeout, having food delivered as many as three times a week. Rising demand has also led to an increase in recent years of food service enterprises being established with the exclusive purpose of distributing ready meals, without having a dining area....

24. ECB to review AKEL’s proposed bank tax amid financial concerns

The European Central Bank (ECB) is set to evaluate a proposed "windfall tax" on banks, commonly associated with the leftist political party AKEL, in Cyprus. ...

25. Finance Minister coordinates with EU Trio on 2025 Presidency

Minister of Finance Makis Keravnos met in Luxembourg with his counterparts from Poland and Denmark regarding the preparation of the Cypriot......

26. The Rise of Applied Regulatory Compliance: From Theory to Practice

As regulatory expectations continue to soar, it is clear that firms must shift from mere consultation to actionable compliance. ...

27. FT: China slaps PwC with $62 Million fine and six-month ban

Chinese authorities have hit PwC China with a hefty fine of $62 million and a six-month ban following a major scandal involving the collapsed property developer Evergrande, according to the Financial Times. ...

28. RIF launches €6M fund to foster innovation and economic growth

The Research and Innovation Foundation (RIF) announced on Tuesday a new call for the "Co-Develop" funding programme, with a total budget of €6 million, aimed at better leveraging resources and apply innovative solutions to real problems....

29. Solar-powered 'smart benches' to monitor air quality in Greece

30. Russian tech professionals flock to Cyprus despite sanctions

A recent study by the PACE think tank has underscored the profound transformation of Cyprus' economy amid Western sanctions and the aftermath......