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1. Audit flags conflict of interest in Parliament’s €77,500 furniture purchase

The architect who recommended a €77,500 furnishing labeled as "artwork" for the House of Representatives also holds a managerial position at the company that supplied the furniture, according to the Audit Service....

2. Cyprus rolls out digital fan card and launches new tech-focused high school

Cypriots are already jumping on board the newly launched Digital Fan Card, with more than 1,000 people signing up within the first 24 hours, according to Government Spokesperson Konstantinos Letymbiotis....

3. Deloitte Cyprus welcomes two new partners

Deloitte Cyprus is pleased to announce the growth of its leadership team with the appointment of two new partners, effective 1 June 2025....

4. payabl. launches Virtual Business Cards to empower smarter business spending

Leading European financial technology provider, payabl. has launched its Virtual Business Cards service, a digital payment solution designed to give businesses greater control, security, and visibility over their spending....

5. Phedon Phedonos sounds the alarm: Drugs in schools, fake degrees on the rise

In a fiery new round of revelations, Paphos Mayor Phaidonas Faidonos has raised the alarm over what he says is rampant drug trafficking in Cyprus’ schools and an emerging academic scandal he calls the new ''Golden Degrees.''...

6. Freedom Holding Corp. added to the prestigious Russell 3000® Index

Freedom Holding Corp. (FRHC), a diversified, multinational financial services firm, has been selected for inclusion in the Russell 3000® Index as part of its annual reconstitution in 2025. The inclusion will take effect after the US market closes on June 27, 2025....

7. Coral Energy (Shell Licensee) strengthens ties with its partners in the Cypriot market

8. Shock bills, football fixes & a U-turn on Makarios Ave: Cyprus' week of curveballs

From electricity bills getting a surprise bump to football clubs sliding past tax rules (again) and a Nicosia street project taking a literal U-turn, this week was full of plot twists. ...

9. BYD Officially Debuts in Cyprus at Glamorous Old GSP Square Event

In the fully renovated and iconic Old GSP Square, BYD made its official debut in the Cypriot market during a glamorous event hosted by Alpan Group, a member of the Sfakianakis Group and the official distributor of BYD vehicles in Cyprus....

10. Tomatoes take center stage in Parekklisia’s tastiest festival yet

If there’s one thing that unites a village, it’s good food, and Parekklisia’s favorite fruit is getting the full red-carpet treatment once again. On June 22, the heart of this Limassol community will transform into a celebration of all things tomato at the fourth annual Tomato Festival....

11. Freedom24 hits 100K users in Greece, driven by digital-savvy investors

12. Aegean Airlines launches direct Santorini-Istanbul flights

Aegean Airlines has just launched a new direct route connecting Santorini with Istanbul, marking a major milestone in regional travel and tourism....

13. Aegean Airlines: First Quarter 2025 Trading Update

AEGEAN announces its key financial and operating results for the first quarter of 2025....

14. India turns its gaze to Cyprus as gateway to Europe and the Middle East

Cyprus is emerging as a promising bridge between India and the broader regions of Europe and the Middle East, with business ties between the two countries gaining serious momentum....

15. China’s BYD rolls into Cyprus with big EV plans

Chinese electric vehicle giant BYD is officially driving into the Cypriot market, and it’s coming in full throttle....

16. EU probes major porn sites over child safety concerns

The European Union has opened formal investigations into four major pornography websites (Pornhub, Stripchat, XNXX and XVideos) over alleged failures to protect minors from exposure to adult content, the European Commission announced Tuesday....

17. Global VC investment rises in Q1’25 on back of record-setting $40 billion Open AI deal, according to KPMG’s Venture Pulse

Global VC investment surged from $118.7 billion in Q4’24 to an eleven-quarter high of $126.3 billion in Q1’25, despite ongoing geopolitical conflicts and tensions, continued concerns about global trade and tariffs, and the delay of a major reopening in the IPO market....

18. Cyprus jobless rate hits 15-year low, and it's about time

Cyprus is finally catching a break on the job front. According to fresh numbers from Eurostat, 2024 saw unemployment in Cyprus fall to its lowest level since 2009, and that’s not just good news for economists but for anyone who’s spent time job hunting or worrying about someone who has....

19. May Newsletter of K. Treppides & Co Ltd – 23/05/2025

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....

20. May Newsletter of K. Treppides & Co Ltd – 16/05/2025

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....

21. EU lawmakers approve tariff hikes on Russian, Belarusian agricultural imports

The European Parliament voted Thursday to impose higher tariffs on fertilizers and select agricultural products from Russia and Belarus, aiming to curb the bloc’s reliance on imports from the two countries....

22. 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; ...

23. Fake travel agent busted in €160K EuroLeague ticket scam

A 38-year-old woman is behind bars after allegedly swindling more than €160,000 from at least 50 people in a bogus ticket and travel scheme tied to the EuroLeague Final Four basketball tournament in Abu Dhabi....

24. King’s Gardens: A Prime Investment in the Heart of Nicosia

25. Increasing Total Housing Supply Is Key to Tackling the Housing Crisis

Cyprus is at a critical juncture in its housing crisis, with property prices on the rise and supply struggling to meet existing demand. ...

26. Precision Meets Prestige: Porsche Cyprus and Minthis Unite in a Landmark Lifestyle Collaboration

On May 17th, Porsche Cyprus and Minthis Resort came together to host an exclusive event that redefined lifestyle experiences through the Porsche Golf Open — a striking celebration of performance, elegance, and shared values....

27. India’s business titans set up shop in Cyprus, opening door to EU expansion

Cyprus is emerging as a key gateway for Indian companies seeking access to European and Middle Eastern markets, with the arrival of two major conglomerates, Thomas Cook India and LTIMindtree, signaling a new phase of economic cooperation....

28. Hellenic Bank and Eurobank Cyprus to merge under one name: Eurobank

The new bank that will emerge from the much-anticipated merger between Hellenic Bank and Eurobank Cyprus will operate under a single name: Eurobank....

29. Cultivating success stories of innovation: Deloitte’s exclusive event celebrating tech start-ups

Deloitte has long championed and supported innovation and entrepreneurship, spearheading various initiatives throughout the region....

30. Timur Turlov at New York Eastern Mediterranean Business Summit: ''Cyprus is our European gateway to global markets''

Freedom Holding Corp. is driven by a mission to build bridges between regions and make global markets more accessible — an ambition powered by innovation and modern technologies, including artificial intelligence. ...