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1. EAC Chairman admits project costs overstated, downplays need for tariff hike

The Board of Directors of the Electricity Authority of Cyprus (EAC) is set to review potential electricity tariff adjustments this week, but EAC Chairman Giorgos Petrou said he does not expect a rate increase will be necessary....

2. Eurobank | Limassol welcomed the 1st India-Greece-Cyprus Business Forum

3. Andreas Neocleous, Omiros Pissarides, Eirini Hadjisavva, and Marios Tannousis to Speak at Green Agenda Cyprus Summit

This year’s Sustainable Development Conference aims to support and enhance Cyprus’s national strategy for the Green Transition....

4. Grigorios Kamperis, Nicholas Argyrou, George Louka and Elias Kokkinos to speak at Green Agenda Cyprus Summit

This year’s Sustainable Development Conference will focus on supporting and strengthening Cyprus’s national strategy for the Green Transition....

5. Freedom Holding Corp. Reaches $10 Billion Valuation on Record Share Price

Freedom Holding Corp. (FRHC), the parent company of Freedom24, reached an important milestone as its market capitalization surpassed $10 billion on Wednesday, May 14. ...

6. Major win for borrowers as court orders banks to stop using abusive loan terms

Thousands of borrowers across Cyprus could soon see fairer treatment from banks, thanks to a landmark court decision banning the use of abusive clauses in loan contracts....

7. Indian giants Thomas Cook and LTIMindtree launch operations in Cyprus

Two major Indian companies, Thomas Cook India and LTIMindtree, are officially setting up operations in Nicosia, marking a significant step in strengthening business ties between Cyprus and India....

8. Pavlos Photiades, Alexandros Charalambides, and Constantinos Hadjigeorgiou to Speak at Green Agenda Cyprus Summit

The Green Agenda Cyprus Summit 2025 is gearing up to support and strengthen the country’s national strategy for a green transition. Taking place on May 19 at the Hilton Hotel in Nicosia,...

9. ECOMMVERSE by ECOMMBX – An Innovative Digital Platform for Financial Services

With the advancement of technology and growing demands for speed, flexibility, and tailored solutions, the need for new, alternative forms of financial services has become increasingly clear....

10. Cypriot MEP Fidias Panayiotou faces backlash over Moscow visit

Phidias Panagiotou, a Cypriot Member of the European Parliament (MEP), is facing potential consequences for his trip to Moscow to celebrate Russia’s Victory Day, alongside a small group of European lawmakers, during the ongoing Russian invasion of Ukraine....

11. Lidl Cyprus contributes to the financial support of consumers with Lidl Plus

The company is upgrading its consumer experience with its digital loyalty programme, through which users can save up to €1,700....

12. May Newsletter of K. Treppides & Co Ltd – 09/05/2025

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....

13. May Newsletter of K. Treppides & Co Ltd – 02/05/2025

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. ...

14. Netanyahu pushes to wean country off U.S. aid

In what could mark a turning point in Israeli defense policy, Prime Minister Benjamin Netanyahu has told lawmakers that Israel should begin to reduce its dependency on U.S. military aid, a financial lifeline that has long been seen as a cornerstone of the alliance between Washington and Jerusalem....

15. Three deaths, one house, and a trail of questions

Something didn’t sit right. Three members of a wealthy family in Elliniko died one after the other, mother, daughter, and son, all within just 13 days. Now, Greece’s Homicide Squad is trying to unravel the eerie mystery that has left more questions than answers....

16. Cyprus meets Cambodia: A bridge to bold business ventures

For Cypriot entrepreneurs and companies, this is more than a passing opportunity; it’s a golden ticket into a vibrant, fast-growing market of over 600 million people....

17. Cyprus faces EU fines over toxic landfills, 12 years and still no cleanup

The European Commission has had enough. Back in 2013, the European Court of Justice found that Cyprus had violated EU waste rules at two landfill sites in Kotsiatis and Vati. ...

18. 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....

19. End of an Era: ERA department stores changing hands for just €1, but there’s more to the story

In a surprising but strategic move, Ermes Department Stores Plc announced that it is selling off all four ERA department stores to Gencom Ltd., and the official sale price is just €1....

20. 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....

21. Cypriot banks on the rise as credit upgrades could mean cheaper loans for all

Cypriot banks are starting 2025 on a high note, collecting credit upgrades from major international rating agencies and setting the stage for wider economic benefits that could reach the average citizen....

22. 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....

23. Emirates and AEGEAN enhance partnership to offer reciprocal loyalty benefits

Emirates Skywards members can now earn and redeem Miles on all flights operated by AEGEAN; and similarly, Miles+Bonus members can earn and redeem miles on all flights operated by Emirates....

24. Jumbo eyes Larnaca and Protaras for future expansion, but no timeline yet

Retail giant Jumbo has confirmed its interest in opening two new stores in Cyprus, one in Larnaca and another in Protaras, but clarified that there’s no set plan or timeframe at this stage. ...

25. Transport Ministry to relaunch electric car grants after public backlash

The Cypriot government is preparing new grant schemes to support the purchase of electric cars, following criticism over its recent decision to scale back an earlier subsidy program due to low uptake....

26. European hoteliers take on Booking.com over high commissions

Hoteliers across Europe are once again taking aim at Booking.com, accusing the popular online platform of exploiting its dominant position in the market....

27. Cypriots eye business opportunities, but fear of failure still looms

A growing number of Cypriots believe the island is ripe for starting a business—but fear of failure is still holding many back, according to the National Report on Entrepreneurship in Cyprus 2023/2024, released Tuesday by the Centre for Entrepreneurship at the University of Cyprus....

28. 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....

29. Ex-U.S. Ambassador to Cyprus, John Koenig: ''I was right about Anastasiades''

It’s not every day that a former U.S. ambassador publicly unloads on a head of state, but John Koenig, who served as the U.S. Ambassador to Cyprus from 2012 to 2015, has done just that....

30. April Newsletter of K. Treppides & Co Ltd – 11/04/2025

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....