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121. April Newsletter of K. Treppides & Co Ltd – 09/04/2025

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....

122. Cyprus a hit with Polish tourists as arrivals reach record high

Cyprus is fast becoming a favorite getaway for Polish travelers, and 2024 has already smashed records. According to Deputy Tourism Minister Costas Koumis, over 337,000 visitors from Poland chose Cyprus as their holiday spot this year, the highest number ever recorded from the country....

123. From summer hotspot to all-year hub

Cyprus has big dreams, and according to Christos Angelides, General Manager of the Pancyprian Hotel Association (PASYXE), it’s going to take grit, vision, and a lot of teamwork to turn the island into a top-tier, all-year-round destination. But the potential? It’s definitely there....

124. Kykkos monastery’s mega project set to transform Engomi

A major new development is taking shape in Engomi, Nicosia, on land owned by the Kykkos Monastery. The project is one of the largest mixed-use developments Cyprus has seen and is designed to transform the area surrounding the “Agios Prokopios” Metochi into a modern urban center....

125. 51 families found a “home” for 648 nights at the Ronald McDonald House® with the support of COSMOS Insurance

As part of its unwavering commitment to meaningful Corporate Social Responsibility (CSR), COSMOS Insurance has been actively supporting the work of Ronald McDonald House Charities® Cyprus since 2022 by adopting Family Room No. 5 at the Nicosia House....

126. Banquet hall in Nicosia built and operating without permits

A building in Nicosia that now operates as a popular banquet and events hall was constructed and opened without the proper permits or approvals, according to a damning report by the Auditor General of the Republic. ...

127. Court halts Pentakomo port project to protect endangered monk seals

In a major win for environmental protection in Cyprus, the Administrative Court has issued an interim order halting construction on a planned port in Pentakomo, citing the need to protect the area’s fragile ecosystem....

128. Officer re-arrested in bribery case tied to prison scandal

A Central Prisons Department officer was re-arrested Saturday in connection with an ongoing investigation into bribery, abuse of power, and related offenses, authorities said....

129. Bank of Cyprus buys out Ethniki Insurance in €29.5M deal

The Bank of Cyprus is making a bold move to strengthen its footprint in the island’s insurance market, announcing today that it has signed a binding agreement to acquire 100% of Ethniki Cyprus Insurance Ltd....

130. EKO Cyprus announces the launch of a Scholarship Program

EKO Cyprus, is pleased to announce the launch of a Scholarship Program aimed at supporting the academic and professional development of talented individuals in Cyprus....

131. Poisoned Bonelli’s eagle leads to major wildlife and weapons seizure in Paphos

A poisoned Bonelli’s eagle has led authorities to uncover a trove of illegal bird-trapping equipment, banned pesticides, unlicensed firearms, and dozens of protected birds, resulting in the arrest of a 40-year-old man in the Paphos district....

132. Prison or mini-market?

A prison cell in Nicosia turned into a makeshift shop, complete with croissants, cigarettes, coffee, and prepaid phone cards, has landed a chief warden, an inmate, and the inmate’s wife in serious legal trouble....

133. System failure or failure of its operators?

The recent, catastrophic failure of the Ministry of Social Welfare and the Social Welfare Services to provide necessary protection to five children is yet another example of a systemic issue, ...

134. Revolut slapped with record fine over money laundering lapses

British fintech giant Revolut, one of the world’s most valuable start-ups, has been fined €3.5 million by Lithuania’s central bank for failing to properly monitor suspicious transactions and protect against money laundering....

135. Six killed in NYC helicopter crash, including Siemens executive and family (video)

A sightseeing helicopter ride turned tragic Thursday when a chopper crashed into the Hudson River off Manhattan, killing all six people on board — including a senior Siemens executive and his family....

136. Turkey says Eastern Mediterranean power cable project cannot proceed

The Turkish Ministry of Defense said Thursday there is no change in its position regarding energy projects in the Eastern Mediterranean that it views as infringing on Turkish rights and interests....

137. Cyprus proves its role as crisis hub in major multinational drill (video)

Cyprus has once again positioned itself as a regional pillar of stability, completing a large-scale multinational humanitarian drill aimed at handling crises in the volatile Middle East region....

138. Petrolina supports the Cyprus Anti-Cancer Society with a contribution of €10,000

As part of the 50th Christodoula March, Petrolina continues its long-standing support for the Cyprus Anti-Cancer Society, strengthening its invaluable work with a contribution of €10,000....

139. A bright future for Cyprus’ cruise industry

Cyprus’ cruise industry has been impacted by several events of the past few years. The Covid-19 pandemic was a significant setback, bringing operations to a near halt for extended periods. ...

140. 2025: A milestone year for the delivery of Limassol Greens

2025 marks the beginning of a new era for Limassol Greens, the ambitious residential and tourism development that is set to redefine the investment, urban and hospitality landscape of Cyprus....

141. Cyprus means business: Christodoulides wraps up high-stakes U.S. investment tour

Cyprus Means Business: Christodoulides Wraps Up High-Stakes U.S. Investment Tour Subtitle: ...

142. Limassol police officer injured in midnight shovel showdown

Things got unexpectedly medieval in Limassol in the early hours of Thursday, when a routine traffic camera check turned into a shovel-wielding showdown....

143. Lawyer files complaint over alleged police abuse of minor

A Larnaca-based attorney has filed a complaint over what he described as the “unlawful arrest and inhumane treatment” of a minor by members of the Larnaca Police Department....

144. Illegal ''cafés'' in Akamas start to come down

Two illegal cafés in the Akamas peninsula have finally been shut down and partially dismantled, following years of concerns about unregulated activity in one of Cyprus' most ecologically sensitive areas....

145. First dam at risk of drying up, and soon

The latest data from the Water Development Department bring Cyprus one step closer to the grim prospect of dry dams, possibly by the end of 2025, according to official estimates....

146. Aegean and Olympic Air Announce Flight Disruptions Due to April 9 Strike

AEGEAN and Olympic Air would like to inform all passengers that because of the participation of the Hellenic Air Traffic Controllers Association in the 24-hour general strike announced by ADEDY on Wednesday, April 9, 2025, are obliged to cancel or adjust scheduled flights of the domestic and international network....

147. Human Rights Court voices concern over migrant treatment in Cyprus

Cyprus has come under increased scrutiny for its handling of migration, with the Auditor General's recent report shining a light on several serious issues despite efforts to reduce illegal arrivals. ...

148. MHV -Mediterranean Hospitality Venture: A rapidly growing group brings a new dawn in luxury hospitality and high-end real estate in Cyprus and the Mediterranean.

With a high level of expertise in the demanding luxury hospitality and real estate industry, MHV – Mediterranean Hospitality Venture is evolving into one of Cyprus’ and the East Mediterranean’s leading groups, showcasing fast, yet steady, growth....

149. Turkey irked by Greece–Cyprus power cable plans near Karpathos

150. National Guard Chief reports 45% drop in accidents in 2024

The National Guard recorded a 45% decrease in accidents in 2024 compared to the previous year, marking the lowest number of incidents on record, Chief of the National Guard Georgios Tsitsikostas announced Friday....