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1. 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....

2. 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....

3. 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....

4. €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....

5. 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....

6. 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....

7. 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....

8. 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....

9. 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....

10. 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. ...

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

12. Millions spent, promises made—but children still suffer in silence

''What’s the goal here? To have food on the table for a day or two, or to ensure there's always food on the table?''...

13. Audit exposes gaps in Health Ministry’s grant and payment systems

In a recent audit by the Auditor General on the Ministry of Health's activities for 2022 and 2023, a number of financial discrepancies and issues have come to light, particularly in the way grants were distributed and payments were handled. ...

14. Ex-Volunteer Commissioner admits to using fake diplomas to secure job

Former Volunteer Commissioner Yiannis Giannakis admitted in court on Wednesday to using forged academic diplomas to secure his position....

15. 190,000 unpaid traffic fines as deadline looms on March 31st

With the deadline fast approaching, a staggering 190,000 unpaid traffic fines remain unsettled under Cyprus' photocertification system. Drivers have until Monday, March 31, to pay, or they will face criminal prosecution without further delay, ...

16. Here’s where the 11 new ATMs will be installed in Cyprus

The two major banks in Cyprus, Bank of Cyprus and Hellenic Bank, are moving forward with agreements made with President Christodoulides....

17. Consulco’s London Credit Fund Launches Compartment C:

Consulco is delighted to announce the launch of Investment Compartment C, the newest sub-fund of the London Credit Fund. ...

18. Retired but still on payroll as doctor gets paid for 10 months after retiring

A retired public sector doctor continued receiving salary and benefits for nearly a year after leaving his post, collecting a total of €65,000 in state funds while working for a private clinic, a parliamentary committee revealed Tuesday....

19. Cyprus faces uncertain future as electricity link with Greece stalls

The ambitious Great Sea Interconnector project, aimed at linking the electricity grids of Greece and Cyprus through an underwater cable, has been indefinitely suspended due to geopolitical tensions and financial uncertainties. ...

20. MPs mull casino cash exemption despite laundering fears

A proposal to exempt casinos from Cyprus' €10,000 cash transaction limit has sparked a heated debate in parliament, with regulators warning that such a move could open the door to money laundering and create unequal rules for businesses....

21. Global fintech investment falls to seven-year low of $95.6 billion in 2024, but uptick in Q4’24 is a sign of cautious optimism says KPMG’s Pulse of Fintech H2’24

2024 was another difficult year for fintech, with just $95.6 billion of investment globally across 4,639 deals....

22. Farmers face devastating crop losses as freezing temps hit hard

Cyprus’ farmers are facing major losses as freezing temperatures from the Coral weather system devastate crops across the island. The Ministry of Agriculture, Rural Development, and Environment has vowed to step in quickly, promising immediate support for those affected....

23. Paphos-Polis ''killer road'' to become four-lane highway after years of delays

The long-debated Paphos-Polis Chrysochous road project is finally moving forward—with a major upgrade. What was once planned as a two-lane highway will now be a four-lane road, a move the government says will improve safety and boost economic growth in the region....

24. Over €42,000 in uncovered payments issued in January

In January 2025, a total of €42,062 worth of bounced cheques were issued in Cyprus....

25. Cyprus court halts sale of mortgaged property

In a landmark ruling, the Nicosia District Court has suspended the sale of mortgaged properties, citing illegalities in mortgage agreements....

26. Turkish Cypriot teachers protest delayed salaries and discrimination

Turkish Cypriot teachers in the government-controlled area of Cyprus are voicing their frustration over delayed salaries, diminished social rights, and lack of support from their unions....

27. Is Cyprus' public sector too large? Hiring freeze lifted amid rising costs.

The Cyprus government is set to fully lift the ban on hiring permanent public sector employees, marking a significant shift from austerity measures imposed over a decade ago....

28. Struggling families at risk of losing homes on government-granted land

Low-income households that received state-owned land to build their first homes now face the real threat of losing their properties to lenders, according to a damning report by the Audit Office of the Republic of Cyprus....

29. Audit office wants big changes to land program for low-income families

The Audit Office has called for a major revision of the Land Allocation Plan for low-income families....

30. Consulco's newest investment opportunity, Compartment C

Consulco, a leading specialist investment manager with a distinguished 30-year history, proudly announces the launch of Compartment C of the LC London Credit AIF V.C.I.C. Public Ltd (“the London Credit Fund”). ...