Search

1. Cyprus government posts €551M budget surplus in first five months of 2025

Cyprus continues to keep its public finances in check, reporting a general government surplus of €551.2 million for the first five months of 2025, slightly higher than the €542.6 million recorded during the same period last year. ...

2. S&P Global Ratings upgrades Freedom24 outlook to positive, citing stronger risk management

S&P Global Ratings has revised its outlook on Freedom Finance Europe Ltd., operating under the Freedom24 brand, from stable to positive, while affirming its 'B+/B' long- and short-term issuer credit ratings....

3. 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. ...

4. Woman battles to save her home despite bureaucratic silence

Despite never missing a payment, Elena Yasemidou is on the brink of losing her home. She's a victim, she says, of bureaucratic neglect and heartless inflexibility....

5. 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....

6. Cyprus launches €2.5M plan to support electric and hybrid vehicle buyers

The Cabinet has approved the government’s new €2.5 million subsidy scheme aimed at supporting the purchase of electric and hybrid vehicles in Cyprus....

7. 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. ...

8. Cabinet looks to end decades-long debate on multiple pensions

The Cabinet on Tuesday approved an amended bill on retirement benefits for state officials, moving one step closer to resolving a public issue debated for over 40 years....

9. BoC eyes bigger role in your financial future

Beyond its moves into the insurance sector, Bank of Cyprus is actively exploring additional ways to increase the bank’s overall value. ...

10. Welfare Ministry denies child benefit cuts, calls report misleading

The Deputy Ministry of Social Welfare has refuted claims that the Child Benefit has been cut, instead announcing an increase in the allowance and an expansion in eligibility to include all middle-class families....

11. Single-parent families get fairer deal under new benefit rules

Cyprus is scrapping a controversial rule that cost many single-parent families their financial support....

12. Aegean Airlines: First Quarter 2025 Trading Update

AEGEAN announces its key financial and operating results for the first quarter of 2025....

13. When public service becomes self-serving

In Periclean Athens, civic participation wasn’t just a right; it was a moral and political duty. Those who didn’t engage in public affairs were labeled idiotes, a term thought to carry a derogatory tone and which is often linked to the modern English words ''idiot'' and ''diocy.''...

14. Pensioners' union criticizes Labour Ministry for ignoring pensioners’ financial struggle

The Union of Cypriot Pensioners (EKYSY) has criticized the Ministry of Labour for rejecting its request to advance May pension payments, citing concerns over the financial strain caused by a prolonged gap between payments....

15. King’s Gardens: A Prime Investment in the Heart of Nicosia

16. Lifesaving help at the push of a button for vulnerable seniors

Elderly people living alone or far from their families will soon have access to round-the-clock emergency help and emotional support,...

17. The quiet city turning into Cyprus’ new investment hotspot

A new skyline is rising in Larnaca, complete with modern high-rises and upscale mixed-use developments....

18. Christodoulides tackles energy prices, demographic crisis, and declares Cyprus set to join Schengen

President Christodoulides outlined Cyprus’s plans to join the Schengen Area by 2026, urged no increase in electricity prices, and highlighted new measures to address the country’s demographic crisis....

19. 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....

20. Cyprus’ classrooms are changing, and so is the country

If it's true that compulsory education reflects the society of the future, then Cyprus is on the cusp of transformation, shaped by its ''new Cypriots'': children of migrant families who grow up speaking many languages, far more than those traditionally spoken on the island....

21. Cypriots worry AI threatens artists’ livelihoods, Eurobarometer survey finds

A majority of Cypriots are concerned that artificial intelligence could harm the livelihoods of artists, according to a Eurobarometer survey published Thursday, reflecting wider European unease about the role of AI in the cultural sector....

22. Surprise surprise, Cyprus near the top again in EU electricity costs

Cyprus had the second highest electricity prices in the European Union relative to consumer purchasing power in the second half of 2024, according to new data from Eurostat, the EU’s statistical agency....

23. 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....

24. Parents, caregivers could soon work less as Cyprus pushes for flexible hours in public sector

Working parents in Cyprus’ public sector may soon get the option to trim their daily hours by up to two, under a new government push to make work and family life easier to juggle. ...

25. Weighting for change: Cyprus feels the heavy burden of obesity

Obesity in Cyprus has reached 16.9% of the population, according to the country’s first National Nutrition Survey, released Friday by the Research and Education Institute “Health of the Child.” ...

26. Christodoulides to woo Cypriot talent abroad at London ‘Brain Gain’ event

President Nikos Christodoulides is inviting Cypriots living in the UK to a special event in London on Wednesday, May 21, as part of the government’s "Brain Gain" initiative....

27. Is development finance the key to fixing London’s housing crisis?

London’s housing crisis is certainly nothing new, but its consequences are becoming increasingly harder to ignore....

28. From brain drain to brain gain: Cyprus rolls out incentives to bring talent home

The Cypriot government has approved a plan to offer tax breaks to citizens working abroad in a bid to reverse the country’s “brain drain,” a government spokesperson said Wednesday....

29. More people can now apply for affordable housing help

Good news if you’ve been struggling to qualify for affordable housing: the government just made it easier to apply....

30. Strange fish are taking over Cyprus waters

Cyprus’ crystal-clear waters are being invaded, not by tourists, but by a growing army of alien marine species. Over 200 non-native species have already made their way into the island's seas, and some are leaving a trail of destruction in their wake. ...