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1. From water woes to bank bets, here are the stories to follow

2. Alpha Services acquires AXIA Ventures

Alpha Services and Holdings has announced an agreement to acquire AXIA Ventures Group, aiming to form the leading investment banking and capital markets company in Greece and Cyprus. ...

3. Bank of Cyprus: Best Private Bank 2025 – Succeeds in Two More Important Awards from Euromoney

The Bank of Cyprus has received two important awards in 2025 that rank it as the best private bank in Cyprus at the Excellence Awards by the prestigious international magazine Euromoney. Both awards highlight the bank’s exceptional Private and Affluent banking services....

4. Cyprus surges ahead amid global economic headwinds

It’s hard to overstate the progress Cyprus has made in recent years. Once overshadowed by economic turmoil, the island has emerged as a standout in the Mediterranean, blending resilience with opportunity....

5. Eurobank’s €1.3B move creates Cyprus’ largest bank

Eurobank Group’s €1.3 billion investment in Hellenic Bank is set to reshape Cyprus' banking landscape, creating the country’s largest financial institution with total assets of €27.5 billion....

6. Countdown to chaos: Cyprus’ traffic light fiasco

The government has been given an ultimatum: install countdown timers at traffic lights equipped with cameras within six months—or shut down the traffic camera system entirely. ...

7. Police warn of online investment scam targeting citizens

The police have issued a warning about a new online scam targeting individuals with fraudulent investment opportunities....

8. Water we waiting for? Government unveils €8 million plan to combat water scarcity

The Cabinet has approved an emergency state grant of €8 million for one year to help local governments and communities reduce water supply network losses....

9. Fury in parliament over solar energy cuts

A heated confrontation erupted in parliament between MPs and the Distribution System Operator (DSO) over restrictions on home-installed photovoltaic (PV) systems. ...

10. Cyprus gets credit rating boost: What it means for the economy

Cyprus received a major financial boost as credit rating agency Morningstar DBRS upgraded the country’s credit rating to A (low) from BBB (high), marking a key step in the country’s economic progress. ...

11. €170 Million expansion kicks off at Larnaca and Paphos airports

After years of planning and preparation, the expansion of Larnaka and Pafos Airports is officially underway. ...

12. Nicosia Mayor sounds alarm over city's financial crisis

Nicosia’s mayor, Charalambos Prountzos, has raised the alarm over the capital’s financial situation, warning that without immediate state support, the municipality will struggle to meet its obligations. ...

13. 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. ...

14. Consulco’s London Credit Fund Launches Compartment C:

Consulco is delighted to announce the launch of Investment Compartment C, the newest sub-fund of the London Credit Fund. ...

15. 26 state plots for new livestock units to boost sheep and goat farming

Cyprus is taking significant steps to strengthen its sheep and goat farming industry with the announcement of 26 state-owned plots available for the construction of new livestock units....

16. The best bank to ever come out of Cyprus?

The management of Hellenic Bank has set an ambitious goal for the new structure that will emerge in the coming months following its consolidation with Eurobank Cyprus....

17. New health and education complex to transform Lakatamia

Investments in Cyprus' health sector are booming, with new hospital units sprouting up across the island....

18. Cyprus' economic growth faces challenges, lenders highlight key concerns

The Cypriot economy is showing strong signs of growth, with GDP expected to rise by over 3% and unemployment dropping below 5% in 2024. Private consumption continues to play a key role in driving this growth. ...

19. Bank of Cyprus upgraded to investment grade by Fitch

The Bank of Cyprus has just hit another major milestone—Fitch Ratings has upgraded the bank to investment grade, marking the third global rating agency to do so. ...

20. Aegean reports strong 2024 results with record revenue and passenger growth

AEGEAN announces its operating and financial results for fiscal year 2024....

21. EOA Nicosia: Yes to the 22-story project in Pallouriotissa

The Nicosia EOA has sought a legal opinion to secure the permit for the development of Lebanese investor Wahid Chammas and the company Nerofarm Properties....

22. Bank of Cyprus awarded “Best Private Bank Cyprus 2025” by Global Banking & Finance Review

Bank of Cyprus has been awarded the prestigious title of ''Best Private Bank Cyprus 2025'' by Global Banking & Finance Review magazine, reaffirming its position as the country’s leading financial institution. ...

23. AEGEAN grows its fleet by placing a firm order for 8 additional Airbus A321 neo aircraft

AEGEAN announces the order of 8 additional A321neo aircraft, thus further expanding for the third time its original agreement with Airbus for A320 / A321neo family aircraft, initially signed in 2018, with the first deliveries starting in 2020....

24. Appointment of Natasa Pilides as Chief Executive Officer of Med Enegrywise Ltd

Med Energywise Ltd, a wholly owned subsidiary of Petrolina (Holdings) Public Limited, is pleased to announce the appointment of Natasa Pilides as its Chief Executive Officer....

25. 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....

26. 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....

27. President Christodoulides: ‘Together, we are changing Cyprus’

President Nicos Christodoulides reflected on his administration’s accomplishments during a televised sit-down with journalists, marking two years since he took office....

28. Over €1.2 billion in Russian assets frozen in Cyprus amid ongoing sanctions

In Cyprus, over €1.2 billion worth of Russian assets have been frozen, as part of Europe's broader effort to block Russian assets amid ongoing sanctions. ...

29. Cyprus sees investment boom as foreign companies flock to the island

The investment scene in Cyprus is off to a strong start in 2025, with foreign investors showing increased enthusiasm for setting up businesses on the island....

30. Von der Leyen proposes €150 billion borrowing plan for rearmament amid growing security concerns

The European Commission has proposed a bold plan to borrow up to €150 billion to lend to EU governments as part of a major rearmament effort....