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1. The birth of Bank of Cyprus in 1899

The narrative of the Bank of Cyprus, the venerable cornerstone of the island's financial landscape, traces its origins back to January 1, 1899. This pivotal moment heralded a new era not only for Cyprus's economy but also for its societal fabric....

2. Finance Ministry urges applicants for 2013 haircut compensation

The Cyprus Finance Ministry is calling on all individuals and entities affected by the 2013 Cyprus bailout to submit their electronic applications for participation in the "Replenishment Scheme of the National Solidarity Fund."...

3. Deal in the works for CNP Cyprus

The subsidiary of the French insurance giant CNP Assurances, CNP Cyprus Insurance Holdings, is currently in discussions for a potential change in ownership. ...

4. AG appeals ruling holding state liable for 2013 Laiki Bank ''haircut''

The Attorney General of the Republic of Cyprus has filed an appeal challenging a decision by the Limassol District Court dated November 8, 2023....

5. Makarios Avenue struggles to fulfill commercial expectations

Two years after the official opening of Makarios Avenue (8 December 2021), the commercial success of the street has fallen short of expectations,...

6. Questions arise over €18.5M purchase for Foreign Ministry relocation

Members of the Finance Committee in the Parliament have raised questions about the proposed release of 18.5 million euros for the purchase of the former Laiki Bank building in Nicosia, intended as the temporary relocation site for the Ministry of Foreign Affairs. ...

7. Government to appeal Limassol court granting compensation for Laiki Bank depositors

In a significant legal development, the Attorney General of the Republic of Cyprus is set to file an appeal against the recent decision of the Limassol District Court....

8. Christmas Villages across Cyprus sparkle in seasonal grandeur

In a joyous celebration on the evening of November 25, 2023, the Christmas Villages for 2023-2024 were officially launched in Kyperounda....

9. Cyprus Central Bank challenges court ruling on Laiki Bank 'haircuts'

The Central Bank of Cyprus (CBC) declared on Tuesday its intention to appeal the Limassol District Court's decision favoring the claimant in the Laiki Bank deposit impairment case from 2013....

10. Financial tsunami looms as Limassol court decision sends shockwaves through Cyprus

In a potentially precedent-setting decision, the Limassol District Court has upheld its initial ruling in favor of a Russian depositor of the People's Bank, potentially exposing the state to financial implications of up to 2-3 billion euros....

11. Russian depositor triumphs over Laiki bank's 2013 haircut

The Legal Service, on behalf of the Republic of Cyprus and the Central Bank of Cyprus (CBC), will appeal the decision of the Limassol District Court, which awarded compensation to a depositor of the former Laiki Bank for the 2013 deposit haircut, according to CNA....

12. Christmas villages open their doors in November

Starting from November 26th, the enchanting Christmas villages are set to welcome the public once again this year....

13. Supreme court frees billions in assets

The Supreme Court unanimously overturns Laiki Bank's secured decrees, releasing billions in assets belonging to Andreas Vgenopoulos, Marfin Investments Group Holdings S.A, Efthimios Buloutas, and Kyriakos Cook....

14. Court upholds 2013 resolution measures for Laiki Bank

The court rejected another lawsuit related to the 2013 deposit problem....

15. Top restaurants to celebrate August 15th in style

As summer reaches its peak, locals and visitors in Nicosia are gearing up for a memorable August 15th celebration. While many might head to the coast or countryside for the occasion, others are finding exciting ways to enjoy the holiday in the city....

16. Court dismisses depositors' claims in controversial Laiki bank case

On August 10, 2023, the Nicosia District Court rendered a judgment dismissing a claim pertaining to the impairment of plaintiffs' deposits in the former Laiki Bank back in 2013. The plaintiffs had brought the case to challenge the constitutionality of the resolution measures implemented by the State in accordance with the "Resolution of Credit and Other Institutions Law of 2013."...

17. NPL crisis highlights tug of war between borrowers and legislation

The concealment, or "camouflage," of non-performing loans (NPLs) in commercial banks before 2013 and their subsequent explosion have been, and may continue to be, the most significant challenge for the Cypriot economy. ...

18. Alpha Bank Cyprus Ltd: Mr. Miltos Michaelas as new CEO

The Board of Directors of Alpha Bank Cyprus Ltd, decided on the appointment of Mr. Miltos Michaelas to the position of CEO of Alpha Bank Cyprus Ltd....

19. Cyprus' RCB Bank and its Kremlin ties

On March 24, Cyprus’s fourth-largest bank announced it would wind down its banking operations in the wake of the “volatile geopolitical situation” caused by Russia’s invasion of Ukraine a month earlier....

20. Eleftheria square - beautiful, dazzling and ready for the holidays

The President of the Republic characterized Eleftherias Square as an important upgrade project of the capital as well as an architectural reference point during its inauguration ceremony last Friday, the 10th of December....

21. 'Clothes of the Soul' at the Leventis Municipal Museum

The Leventis Municipal Museum of Nicosia presents the art exhibition "Clothes of the Soul",...

22. Ring in the holiday with good food and live music

The 1st of October is just around the corner and you're surely thinking about how to spend 3 glorious days of vacay. ...

23. Property valuations and uncertainty clauses

Property appraisers in this country have had to deal with unprecedented events in the last seven to eight years that forced them to make use of the so-called 'uncertainty clauses' in their real estate estimates...

24. Anastasiades takes the stand in passports probe

Cyprus’ citizenship by investment scheme will not be revived but other incentives will be given to attract investments, excluding citizenship, President Nicos Anastasiades said on Tuesday, following a 3-hour-long testimony before the investigative committee probing Cyprus’ nixed citizenship-by-investment scheme....

25. EY: The sale of the three subsidiaries of Cyprus Popular Bank has been completed

26. Wiz Guide: 12 best places in Larnaca for Food & Drink

Larnaca is on the rise. The city attracts more and more visitors every year, who seek to enjoy Larnaca’s culinary experiences and wide selection of restaurants and bars. The city of Larnaca is filled with wonderful places to explore and here they are: ...

27. When necessity becomes history

28. Puppy dies in Limassol house fire

Another house fire has been attributed to a portable heater, with a Limassol homeowner suffering burns while the family dog perished...

29. Shell companies ''This is over, its finished''

30. Court finds former Laiki Bank CEO guilty of market manipulation