Search

1. Registered unemployment drops 6.4% in September, falling to 7,624

The number of people registered as unemployed in Cyprus stood at 7,624 at the end of September, the Statistical Service reported Monday, drawing on records from District Employment Offices....

2. Call for women to volunteer in the army draws no applicants so far

Cyprus’ push to get young women to sign up for voluntary service in the National Guard has gotten off to a rocky start, with not a single application submitted in the first four days....

3. Advertising in 2025: AI Won’t Buy Your Product. People Will.

''Agents can do great research, but they don’t shop,'' says Arriana Yiallourides, Business Development Director at VML North America. ...

4. EIF and Eurobank join forces to channel €62.5 million in new financing to Cypriot SMEs and start-ups

The European Investment Bank Group (EIB Group) today announced the first InvestEU Guarantee transaction in Cyprus, marking a major milestone in bringing EU-backed financing closer to Cypriot businesses....

5. Big changes for patients seeking treatment abroad under GESY

From October 2, 2025, patients under Cyprus’s General Health System (GESY) will see a major change in how requests for medical treatment abroad are handled. The Health Insurance Organization (HIO) announced Thursday that it will now take over the process of approving and managing these cases....

6. Pensions without age limits

We are told that the social insurance system is strictly contributory. You get back what you pay in. Except, of course, for state officials, who collect generous pensions without ever having made equivalent contributions. ...

7. Traffic accidents: When you can move your vehicle

New rules clarify when and how drivers may move vehicles after a collision....

8. Protect your digital life with Cyber Cover

Did you click on an ''innocent'' link and had your passwords stolen?...

9. 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....

10. 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....

11. Genikes Insurance and Eurolife recognize that accessibility is a right for all

With respect to the needs of every customer, Genikes Insurance and Eurolife implement accessibility programs, ensuring equal access for all citizens to their products and services....

12. Arrests made for illegal employment at construction site with fines totaling €41,050

Authorities continued their crackdown on illegal employment, undeclared work, and unauthorized labor with a coordinated inspection at a construction site in Larnaca on Tuesday morning....

13. Social Services officer verbally and physically attacked in Limassol office

The Pan-Cyprian Union “Equality” has reported an attack on an officer at a Social Services office in Limassol and warned that it may take action....

14. Veterinarians address ban on oncology drugs for animals: ''inhumane and deeply unjust''

The Pancyprian Veterinary Association is calling foul over a new decision by the Health Insurance Organization (HIO) to block the distribution of oncology drugs for animal use, a move veterinarians say is already leading to preventable animal deaths....

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

16. 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....

17. Government unveils comprehensive aid package for Limassol fire victims: Cash payments, rent subsidies, and full damage restoration

Regarding the support and payment of financial aid to citizens affected by the fires in communities of the Limassol District, and following the announcement of the President of the Republic last Sunday, the Council of Ministers decided today on the following measures....

18. Larnaca bus company calls strike unjustified

Larnaca Public Transport (LPT) on Tuesday called a 48-hour strike by its drivers “unjustified,” saying it had taken steps to avoid the work stoppage....

19. Validity of referrals to specialists extended to 12 months

The Health Insurance Organization said that referrals to specialist doctors under the General Healthcare System will now be valid for 12 months instead of six....

20. Lives lost, homes destroyed and animals left behind (pictures and video)

As the flames die down, the devastation left behind by the wildfire that tore through the Limassol district is coming into painful focus....

21. Cyprus unveils €15 million employment schemes targeting women and over-50s

The Cypriot government will introduce three new employment schemes totaling €15 million to support women and individuals over 50, Labour and Social Insurance Minister Yiannis Panayiotou announced Tuesday....

22. Police seize knives, bat, brass knuckles in Larnaca

Five individuals were arrested in Larnaca during a coordinated police operation targeting crime and public safety, authorities said Thursday....

23. Cyprus banks are merging and here’s what that means for you

Cyprus is heading toward a major financial facelift, with a wave of mergers and acquisitions already in motion and expected to accelerate by the end of 2025. Sirens may have marked a different kind of Tuesday morning in Nicosia, but in the banking world, the alarm bells signal transformation....

24. New law aims to ease traffic jams caused by minor accidents

Minor traffic accidents may soon cause fewer disruptions under a new law approved by Parliament last Thursday....

25. Novardia Credit Insurance Brokers Ltd. launches as Cyprus-based specialist in credit insurance

A new, Cyprus-based insurance brokerage company specializing exclusively in credit insurance has been established....

26. Coca-Cola HBC Cyprus boosts economy, employment, study finds

Coca-Cola HBC Cyprus contributes 0.3% to Cyprus’ GDP and national employment, according to a 2024 study by EY Cyprus Advisory Services Ltd. The findings, unveiled during a stakeholder event, underscore the company’s substantial role in the country’s economy and labor market....

27. Cyprus to open euthanasia bill debate in September as government prioritizes end-of-life care

Parliament will begin an article-by-article debate in September on a controversial bill to legalize medically assisted death, with a full vote expected in January 2026. However, the government maintains the move is premature without first expanding palliative care services....

28. 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. ...

29. 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. ...

30. 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....