https://knews.kathimerini.com.cy/en/news/cyprus-seeks-u-s-military-equipment-joins-eu-defense-program
The Cyprus National Guard is preparing to expand its arsenal with U.S. military aircraft, helicopters and armored vehicles, part of a broader effort to modernize its forces and deepen defense ties with Washington and the European Union....
https://knews.kathimerini.com.cy/en/news/weather-forecast-clear-skies-on-loan-afternoon-clouds-included
A seasonal low-pressure system, teamed up with an unstable air mass, is busy shaping the day’s plot. Translation: sunny start, stormy interludes, and just enough breeze to test your patience....
https://knews.kathimerini.com.cy/en/news/cyprus-eyes-u-s-military-gear-to-bolster-defense
Cyprus has formally asked the United States for surplus military equipment, President Nikos Christodoulides revealed in a late-night TV interview on Monday, calling it a natural step in the island nation’s closer security ties with Washington....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-your-new-home-just-a-few-clicks-away-–-response-within-24-hours
Bank of Cyprus becomes the first bank in Cyprus to offer customers the ability to apply for a mortgage directly from their mobile phone or computer, enjoying a streamlined experience and receiving a response within 24 hours....
https://knews.kathimerini.com.cy/en/business/euromoney-bank-of-cyprus-named-best-bank-for-the-10th-consecutive-year
Euromoney, one of the leading international magazines focused on banking, finance and financial markets, has named Bank of Cyprus the Best Bank in Cyprus in its 2025 Awards for Excellence. This is the 10th year that Bank of Cyprus has been recognised by Euromoney as Cyprus’ Best Bank....
https://knews.kathimerini.com.cy/en/business/cyprus-to-plan-market-return-despite-global-uncertainty
Cyprus will begin planning its return to international financial markets in September, aiming for a fourth-quarter re-entry, officials confirmed....
https://knews.kathimerini.com.cy/en/news/cyprus-news-roundup-fires-finance-and-fiery-wage-demands
From forest fire probes to banking battles, here’s a look at the week’s biggest developments in Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-savers-earn-less-borrowers-pay-more-as-banks-widen-gap-with-eurozone
If you’re saving your money in a Cypriot bank, you’re probably earning less interest than the average European. But if you’re borrowing for a home or your small business, you’re likely paying more....
https://knews.kathimerini.com.cy/en/business/boc-reports-€235m-in-profits-but-what-does-that-actually-mean-for-the-rest-of-us
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/business/xm-investors-await-green-light-to-take-over-ancoria-bank
Two Cypriot investors behind a successful global trading platform are making a bold move to take over Ancoria Bank, in what could signal a new era for small-scale banking in Cyprus....
https://knews.kathimerini.com.cy/en/business/banks-show-profit-decline-asset-growth-and-capital-strengthening-in-q1-2025
The Central Bank of Cyprus released updated data Wednesday showing a decline in bank profits, an increase in assets, and a stronger capital position for the first quarter of 2025....
https://knews.kathimerini.com.cy/en/business/vasilikos-scandal-bank-accounts-under-scrutiny-in-eu-probe
Cyprus' political parties are voicing strong support for the examination of bank accounts linked to the failed Vasilikos LNG terminal as part of an ongoing investigation by the European Public Prosecutor’s Office (EPPO). ...
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/business/deposit-rates-fall-for-households-and-businesses-while-mortgage-rates-climb
Average interest rates on deposits from households and businesses in Cyprus declined in May compared to April, while average mortgage rates edged higher, according to data released Thursday by the Central Bank of Cyprus....
https://knews.kathimerini.com.cy/en/news/cyprus-pressured-to-pay-for-stalled-power-cable-project
Cyprus is under growing pressure from both Greece and Brussels to commit funds to the delayed Cyprus-Crete electricity cable project, despite serious concerns over its viability and geopolitical risks in the region....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-sheds-€2-5b-in-real-estate-marks-biggest-property-sale-in-island-s-history
The Bank of Cyprus has officially sold off more than €2.5 billion worth of real estate, over 5,100 properties, through its Real Estate Management Unit (REMU), marking a major milestone in clearing long-standing burdens from its balance sheet, according to Kathimerini's Panayiotis Rougalas....
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/business/alpha-bank-to-acquire-astrobank-in-€200-million-deal
Alpha Bank Cyprus will acquire the entire operations of Astrobank, excluding €15 million in non-performing loans, in a deal set to be signed Friday, June 20....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-sells-€75m-worth-of-paphos-property-to-exness
The Bank of Cyprus has closed a major property deal with fintech firm Exness, selling land worth €75 million in Paphos, sources confirmed to Kathimerini Cyprus....
https://knews.kathimerini.com.cy/en/business/thousands-see-cheaper-monthly-payments-as-boc-lowers-loan-rates
Cyprus homeowners and businesses, take note: your loan payments might be about to shrink....
https://knews.kathimerini.com.cy/en/business/good-news-for-borrowers-as-ecb-to-cut-interest-rates
The European Central Bank (ECB) is widely expected to cut its key interest rates by 0.25% this Thursday, a move that could bring welcome relief for borrowers and banks in Cyprus. ...
https://knews.kathimerini.com.cy/en/news/more-struggling-homeowners-get-relief-under-government-s-oikia-scheme
The General Accounting Office has wrapped up the second phase of the government’s OIKIA Scheme, approving financial relief for dozens more struggling homeowners. ...
https://knews.kathimerini.com.cy/en/comment/opinion/cypriots-rush-to-borrow-as-rates-drop-but-are-banks-repeating-old-mistakes
As interest rates continue their downward trend, and with further cuts expected, borrowers are feeling more confident. This isn’t hearsay from bank insiders or coffee shop chatter; ...
https://knews.kathimerini.com.cy/en/news/eac-chairman-admits-project-costs-overstated-downplays-need-for-tariff-hike
The Board of Directors of the Electricity Authority of Cyprus (EAC) is set to review potential electricity tariff adjustments this week, but EAC Chairman Giorgos Petrou said he does not expect a rate increase will be necessary....
https://knews.kathimerini.com.cy/en/news/major-win-for-borrowers-as-court-orders-banks-to-stop-using-abusive-loan-terms
Thousands of borrowers across Cyprus could soon see fairer treatment from banks, thanks to a landmark court decision banning the use of abusive clauses in loan contracts....
https://knews.kathimerini.com.cy/en/business/cyprus-borrowers-are-back-as-loan-demand-soars-in-2025
Cyprus banks had a busy first quarter in 2025, handing out €1.24 billion in new loans, as falling interest rates sparked renewed interest in borrowing....
https://knews.kathimerini.com.cy/en/news/christianna-diogenous-georgios-kazantzis-and-joseph-antoniou-to-speak-at-the-green-agenda-cyprus-summit
This year’s Sustainable Development Conference is dedicated to supporting and strengthening Cyprus’ national strategy for a Green Transition....
https://knews.kathimerini.com.cy/en/business/new-15-tax-hits-hellenic-hard-as-profits-drop-by-half
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....