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31. Eurobank and India collaborate to create strategic business council

Mr. Ioannou raised concerns about whether the bank has a plan to maintain its strong profitability, which has largely come from rising interest rates......

32. Bank of Cyprus to re-list on Athens exchange after seven years

The Bank of Cyprus will re-list on the Athens Stock Exchange (ASE) after a seven-year absence, following the approval of two resolutions by shareholders at an Extraordinary General Meeting on September 13, 2024. ...

33. Cyprus faces surge in online scams

Online scams are becoming a serious issue in Cyprus, with recent data revealing a sharp increase in fraudulent activities. In the past 25 days, authorities have reported eight significant fraud cases, totaling over half a million euros in losses....

34. Marios Demetriades: ''Truth and justice always prevail''

A lawsuit related to naturalizations under the Cyprus Investment Programme was filed on Friday at the Nicosia District Court, with former Minister of Transport, Communications, and Works, Marios Demetriades, among the defendants....

35. Hellenic Bank's profits surge amid higher lending rates

Hellenic Bank, Cyprus’ second-largest lender, has had a strong start to 2024, reporting a net profit of €189 million in the first half of the year—a solid 18% increase from last year. This boost in profit is mainly due to a 30% rise in interest income, driven by higher European Central Bank (ECB) interest rates....

36. Cyprus banks to engage with top investors in London

The investment community is turning its focus to a major conference in London, set for late September, where several Cypriot banks will be represented....

37. Cyprus banks set for major changes in September

September will bring significant shifts for Cyprus's two largest banks....

38. FT: Global stock markets tumble amid US recession fears

Global stock markets experienced significant declines on Monday as concerns about a potential US recession led investors to abandon risky assets....

39. Cypriot and foreign investors keen on Larnaca's €30M Marina project

Transport Minister Alexis Vafeadis announced significant interest from both Cypriot and foreign investors in the development of the Larnaca marina and port....

40. July Newsletter of K. Treppides & Co Ltd: European Securities and Markets Authority

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....

41. Unlock a whole new world with the new mobile App of Ayia Napa Marina!

42. Financial education in Cyprus schools after Metamax scandal

The ongoing investigation into the Metamax investment pyramid scheme is causing growing alarm across Cyprus. Complaints to police departments have surpassed 100, with over €220,000 allegedly defrauded. ...

43. CySEC slaps a €200,000 fine on IC Markets (EU) Ltd

The Cyprus Securities and Exchange Commission (CySEC) has imposed a €200,000 fine on the Cyprus Investment Firm (CIF), IC Markets (EU) Ltd, for violating leverage rules....

44. Lidl’s 21st store in Paphos boosts Cyprus retail battle

Almost 15 years after Lidl Cyprus entered the Cypriot market, the company is set to open its 21st store in Paphos, specifically in Neon Mall....

45. Cyprus Seeds sparks an innovation revolution

Exciting things are happening in Cyprus as Cyprus Seeds wraps up its third cycle of innovation, highlighted by a lively event at the Reflect Festival in Limassol. ...

46. Man wanted in 'Metamax' scam surrenders to police

A 63-year-old man wanted in connection with the "Metamax" pyramid scam has surrendered to authorities and is currently under interrogation, according to police sources. ...

47. Retired Cypriot police officer wanted in Metamax pyramid scheme

Authorities in Cyprus are actively seeking a 63-year-old Greek Cypriot resident of Limassol in connection with the Metamax pyramid scheme fraud, according to information obtained by our website. A warrant for his arrest has been issued....

48. 'Land of Tomorrow' set to transform Larnaca's coastline

The coastal community development project, ''Land of Tomorrow,'' is set to transform the industrial image of Dhekelia in Larnaca into a modern and sustainable urban environment. ...

49. No progress on Cyprus-Greece electricity interconnection project

No progress was made on the Cyprus side's position regarding the Crete-Cyprus electricity interconnection project during yesterday's teleconference, initiated by the European Commission and involving stakeholders from Greece and Cyprus....

50. Cyprus remains a strong innovator in European rankings

Cyprus maintains its position as a Strong Innovator in the European Innovation Scoreboard for the 3rd consecutive year, the Deputy Ministry of Research, Innovation and Digital Policy said on Monday....

51. Court detains suspect in Metamax pyramid scheme

A 54-year-old man arrested in connection with the ''pyramid'' fraud scheme known as Metamax has been ordered detained for eight days by the Limassol District Court, according to proceedings held on Saturday, July 6th. ...

52. Alphamega and Bean Bar ranked among the top 20 Investors in People employers worldwide

53. Skip transporters plan mid-July protest over illegal dumping

Skip transport professionals are organizing a protest for mid-July, accusing the government of failing to supervise and stop illegal rubble transport and dumping, which harms licensed operators and the environment according to a report by Pavlos Neophytos....

54. New pyramid scheme preys on Cypriots promising big profits

In a report by Hectoras Georgiou from Kathimerini, a new company named Metamax has recently popped up in Cyprus, promising substantial profits to users through its application. ...

55. ECB concerned over Cypriot bank profit tax proposal

In 2023, Cypriot banks reported unprecedented profits, marking a 15-year high, with projections suggesting even greater earnings in 2024....

56. Consulco hosts London Gin Night for its partners

Consulco Group hosted three unique cocktail parties, under the name “London Gin Night”, dedicated to its customers and partners. ...

57. Electronic building permit applications start July 1 in Cyprus

Starting Monday, July 1, 2024, the Cyprus Ministry of Interior will mandate the electronic submission and examination of applications for building permits, following the Roads and Buildings Regulation Law. ...

58. Is Larnaca the new Limassol?

Larnaca is dynamically emerging as a key player in investments and major developments, making significant strides in recent years and capturing a new image....

59. Why building a home is rare today

As discussed in our previous article, the housing landscape in our country is changing, with home ownership rates decreasing and aligning with the European average. ...

60. Major shareholders of Bank of Cyprus seek to sell 15% stake

Two major shareholders of Bank of Cyprus, CarVal Investors and Caius Capital, who together hold 15% of the bank's shares, are looking to sell their stake....