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61. 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....

62. 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....

63. 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. ...

64. 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....

65. 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....

66. New evidence in Cyprus Papers passport scandal shows photos and faxes pointing to political interference

Testimony continued Tuesday in the high-profile case sparked by Al Jazeera’s 2020 Cyprus Papers investigation, with a police sergeant detailing evidence suggesting political interference and irregularities in the naturalization of foreign investors....

67. May 8th is World Red Cross and Red Crescent Day

May 8th marks a significant day for the International Red Cross and Red Crescent Movement, celebrating the dedication of millions of volunteers who selflessly provide aid in times of crisis....

68. Education Ministry slammed for millions spent and cut corners in dodgy deals

A deep dive by Cyprus’ Auditor General has uncovered a troubling pattern in how the Ministry of Education, Sport and Youth has been handling public project contracts, and the red flags go back nearly a decade....

69. 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....

70. 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....

71. Pensioner scammed out of €142K in online investment trap

A 77-year-old man in Cyprus has been left devastated after falling victim to a sophisticated online scam that cost him a staggering €142,000, police said on Friday....

72. Why electric vehicle grants are being put on hold

The Cyprus Ministry of Transport has reduced its electric vehicle (EV) grant allocation due to low demand, scaling back funding from €38 million to €32.8 million. ...

73. VAT challenges for Electronic Money Institutions

In the digital age, Electronic Money Institutions (EMIs) have become an integral part of the financial ecosystem, offering a range of services that facilitate digital transactions....

74. Thousands ignore traffic camera fines despite extension

Most drivers caught by traffic cameras in Cyprus are still not paying their fines, despite repeated warnings and an extension that gave them extra time to settle the penalties....

75. April Newsletter of K. Treppides & Co Ltd – 09/04/2025

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....

76. From summer hotspot to all-year hub

Cyprus has big dreams, and according to Christos Angelides, General Manager of the Pancyprian Hotel Association (PASYXE), it’s going to take grit, vision, and a lot of teamwork to turn the island into a top-tier, all-year-round destination. But the potential? It’s definitely there....

77. Petrolina supports the Cyprus Anti-Cancer Society with a contribution of €10,000

As part of the 50th Christodoula March, Petrolina continues its long-standing support for the Cyprus Anti-Cancer Society, strengthening its invaluable work with a contribution of €10,000....

78. Cyprus means business: Christodoulides wraps up high-stakes U.S. investment tour

Cyprus Means Business: Christodoulides Wraps Up High-Stakes U.S. Investment Tour Subtitle: ...

79. Human Rights Court voices concern over migrant treatment in Cyprus

Cyprus has come under increased scrutiny for its handling of migration, with the Auditor General's recent report shining a light on several serious issues despite efforts to reduce illegal arrivals. ...

80. March Newsletter of K. Treppides & Co Ltd – 27/03/2025

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....

81. Time’s up! Parliament rejects President’s push to scrap traffic light timers

Cypriot MPs on Thursday pushed back against President Nikos Christodoulides’ attempt to scrap a recently passed law that would have made countdown timers mandatory at traffic lights....

82. Audit exposes gaps in Health Ministry’s grant and payment systems

In a recent audit by the Auditor General on the Ministry of Health's activities for 2022 and 2023, a number of financial discrepancies and issues have come to light, particularly in the way grants were distributed and payments were handled. ...

83. Cyprus bets on students to revitalize Old Nicosia, but at what cost?

Once overshadowed by controversy over unregistered universities—a scandal that drew scrutiny from Brussels—Cyprus has quietly reinvented itself as a rising destination for students across Europe. ...

84. Cyprus faces water cuts this summer despite new government measures

Cyprus is bracing for a tough summer as the risk of water cuts remains high, despite new government measures aimed at tackling the ongoing water scarcity issue....

85. Businesses call for simpler, fairer tax reform in Cyprus

The Institute of Certified Public Accountants of Cyprus is raising concerns over Cyprus’ proposed tax reform, arguing that while the new framework aims to ease the tax burden on individuals and businesses, it remains overly complex. ...

86. Uncertainty surrounds Geneva talks on Cyprus issue

With uncertainty over whether this marks a genuine attempt at restarting talks or merely an effort to keep the prospect of reunification alive, President Nikos Christodoulides arrived in Geneva last night for the informal expanded conference. ...

87. Cyprus Government unveils plans to tackle housing crisis

Cypriots struggling with the growing housing crisis can breathe a little easier, thanks to new government measures aimed at making homes more affordable and accessible....

88. Gaza influencer accused of embezzling funds for hospital reconstruction

The Palestinian Health Ministry in Ramallah has accused Gazan influencer Saleh Al Jafarawi, also known as 'Mr. FAFO', of embezzling money meant for the reconstruction of Al-Nasr Children's Hospital....

89. Petrolina: A longstanding sponsor of the ''Love Route''

90. Consulco Welcomes Christoforos Kittenis as Director at London Credit

Consulco is proud to announce the addition of Christoforos Kittenis to the team as Director at London Credit, the UK-based lender of the Consulco Group....