Search

1. New seasonal fee introduced for cruise stops at Greek islands

Cruise passengers visiting Greek islands will now pay a seasonal disembarkation fee, following the implementation of a new measure by the Greek government that takes effect on July 21....

2. Tax Department announces reopening of Tax For All System on July 21

The Tax Department announced Friday that the Tax For All system will reopen on July 21, 2025....

3. Deadlock persists over Crete-Cyprus power cable as funding deadline nears

Tensions are mounting over the Crete–Cyprus electric interconnection (GSI) as a regulatory impasse resurfaces just weeks before a critical August funding deadline. ...

4. 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). ...

5. Former director of Pattihio Theatre sentenced to 5.5 years for misappropriating €234,550

The Limassol Criminal Court has sentenced the former director of the Pattihio Municipal Theatre to 5.5 years in prison for theft by an employee and money laundering....

6. Cyprus considers electricity bill surcharge to fund €25 million energy project payment

Cyprus is preparing to impose a temporary surcharge on electricity bills to fund a €25 million payment requested by Greece’s Independent Power Transmission Operator (ADMIE) for the Cyprus-Greece electricity interconnection project, energy officials told Parliament on Tuesday....

7. Woman loses €18,760 in new wave of fake fine text scam

A 62-year-old woman in Nicosia was scammed out of nearly €19,000 after falling victim to a fake text message claiming she owed a traffic fine, police said on Monday....

8. 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....

9. EU pressures Cyprus over stalled power cable project

The European Commission is stepping up pressure on Cyprus to approve cost recovery measures for the stalled Great Sea Interconnector (GSI) electricity cable, amid mounting tensions between Nicosia and Athens over the ambitious but delayed project....

10. MP's approve €100M fund to aid 2013 bank crisis victims

Twelve years after the 2013 banking crisis devastated thousands of depositors and investors, Cyprus’ Parliament has approved a long-awaited budget for the National Solidarity Fund, unlocking €100 million in compensation for those hardest hit....

11. Student grant system under fire over payouts to the wrong people

The Office of the Auditor General has raised concerns over how student scholarships are awarded and paid out in Cyprus, following a 2023 audit that found gaps and procedural problems in the system....

12. Bollywood, bots, and big bucks as Cyprus becomes India’s new business and movie hub

In a major boost to Cyprus’s economy and international standing, two Indian companies have officially announced their expansion into the country, with more than 20 others reportedly exploring similar moves....

13. Modi begins two-day visit to Cyprus, set to sign joint declaration on strategic cooperation

Indian Prime Minister Narendra Modi arrived in Cyprus on Sunday for a two-day official visit, marking what Cypriot President Nikos Christodoulides called a historic step in the growing relationship between the two countries....

14. 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....

15. 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....

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

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

17. 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....

18. 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....

19. 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....

20. 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....

21. 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....

22. 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....

23. €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....

24. 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....

25. 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....

26. 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....

27. 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....

28. 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....

29. 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. ...

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