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61. Wizz Air suspends flights to and from Tel Aviv

Due to the escalating situation in the Middle East, and several closed airspaces in the region, Wizz Air has decided to suspend its operations to Tel Aviv as of this morning and reroute all of its flights (where possible) that were due to overfly the affected airspaces for the next 72 hours....

62. Deutsche Bank eyes return to Cyprus after nearly a decade

Deutsche Bank, one of Europe’s biggest financial institutions, is considering a return to Cyprus nearly a decade after pulling out during the island’s financial crisis....

63. Cash back coming as 2013 crisis victims set for payouts in 2025

A long-awaited boost is on the way for individuals hit hardest by Cyprus’ 2013 banking crisis. On June 6, the National Solidarity Fund (NSF) Committee finalized the structure of the 2025 Loss Compensation Plan, set to roll out later this summer....

64. Thousands see cheaper monthly payments as BOC lowers loan rates

Cyprus homeowners and businesses, take note: your loan payments might be about to shrink....

65. 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....

66. Posh perks and pricey trips: Inside Parliament’s 2023 spending spree

The Auditor General of the Republic has issued a series of significant recommendations in his report concerning the operations of the House of Representatives for the year 2023....

67. Effort to end ''sunbed war'' to promote fairness and order

The Paralimni–Deryneia Municipality is taking action to stop beachgoers from reserving sunbeds by leaving personal items on them....

68. Welfare Ministry denies child benefit cuts, calls report misleading

The Deputy Ministry of Social Welfare has refuted claims that the Child Benefit has been cut, instead announcing an increase in the allowance and an expansion in eligibility to include all middle-class families....

69. €100 ER fee only for tourists, not GESY patients

Patients covered by Cyprus’s national health system (GESY) and other approved groups will not be affected by the recently announced €100 advance fee for Accident and Emergency Department (A\&E) visits, health officials confirmed on Tuesday....

70. Contactless payments coming to Famagusta buses this October

Starting in October, passengers on buses in the Famagusta District will be able to pay for their ride with contactless cards or mobile wallets like Apple Pay....

71. Pensioners' union criticizes Labour Ministry for ignoring pensioners’ financial struggle

The Union of Cypriot Pensioners (EKYSY) has criticized the Ministry of Labour for rejecting its request to advance May pension payments, citing concerns over the financial strain caused by a prolonged gap between payments....

72. i-Con 2025: Cyprus’ hottest tech and marketing event returns to Limassol

One of Cyprus’ most buzzed-about business events is back and bigger than ever. The Island Conference (i-Con) returns for its third edition on 29–30 May 2025, transforming the City of Dreams Mediterranean in Limassol into a hub of global innovation, marketing, and digital opportunity....

73. 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....

74. €14 million in unpaid VAT? Gone.

Tensions ran high at the House Audit Committee on Thursday after MPs discovered that ''Blue Ocean,'' a Cyprus-based company linked to Abramovich, was dissolved in 2024 without settling a €14 million VAT bill, a debt that’s been on the books since at least 2010....

75. ECOMMVERSE by ECOMMBX – An Innovative Digital Platform for Financial Services

With the advancement of technology and growing demands for speed, flexibility, and tailored solutions, the need for new, alternative forms of financial services has become increasingly clear....

76. Marks & Spencer confirms data breach after weeks-long cyber disruption

Marks & Spencer said Monday that some customer data was compromised in a cyberattack that has disrupted its online operations in the U.K. for at least three weeks....

77. Parliament debates push for unified transparency portal

A bill aiming to boost government transparency by mandating the publication of all public sector decisions and administrative acts on a single digital platform was discussed Wednesday in Parliament’s Institutions Committee....

78. Scammers hijack parking machines with fake QR codes

A new scam is making the rounds in Limassol, with fraudsters tricking unsuspecting drivers by slapping fake QR codes on parking ticket machines in municipal car parks....

79. George Pechlivanoglou, George Petrou, and George Tziortzis to Speak at Green Agenda Cyprus Summit

This year’s Sustainable Development Conference will focus on supporting and advancing the national strategy for a Green Transition....

80. Paying your electricity bill just got easier, even in remote areas

Paying your electricity bill in Cyprus is about to get a whole lot easier, especially for the elderly, people in remote areas, and anyone who prefers the traditional way of doing things....

81. Is development finance the key to fixing London’s housing crisis?

London’s housing crisis is certainly nothing new, but its consequences are becoming increasingly harder to ignore....

82. Man's time runs out at Larnaca Airport over undeclared luxury watches

A passenger arriving from Switzerland was forced to pay more than €29,000 at Larnaca Airport after customs officers found two undeclared luxury watches valued at over €100,000 in his luggage....

83. VAT challenges for Electronic Money Institutions

In the digital age, Electronic Money Institutions (EMIs) have become an integral part of the financial ecosystem, offering a range of services that facilitate digital transactions....

84. Bank of Cyprus cuts loan rates again, giving borrowers a breather

Good news is finally landing in the inboxes of thousands of borrowers across Cyprus, as the Bank of Cyprus announced another interest rate cut that should make monthly loan payments a little easier to swallow....

85. Waitstaff say employers are pocketing their tips

Some restaurant and café workers in Cyprus are raising the alarm over a shady practice happening behind the scenes: tips meant for staff are being kept by employers or used to top up wages, according to complaints made to MPs....

86. 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....

87. 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. ...

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

89. Police warn of scam texts demanding payment for traffic fines

Cyprus police are sounding the alarm over a wave of scam messages being sent via social media and mobile phones, claiming recipients must pay fines for alleged traffic violations....

90. March Newsletter of K. Treppides & Co Ltd – 27/03/2025

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....