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1. Politics Blog: Out with the bases!

When this whole mess is over, we really should sit down and have an honest conversation with the British about the future of the bases. That’s what the president said, and for once, he’s probably voicing what most people are thinking. ...

2. Cyprus weighs compensation plan for occupied properties, as little as €2 monthly

Lawmakers in Cyprus are working to introduce legislation that would regulate compensation for displaced property owners who lost the use of their land in the occupied areas following the events of 1974. ...

3. BOC eyes strategic acquisitions in insurance, asset management and fintech

Bank of Cyprus says it is keeping a close watch for potential acquisitions that could add value to the group, focusing on three main areas: insurance, asset management and fintech....

4. Jumbo eyes Turkey as next step in international expansion

Jumbo, the Greek retail giant best known for its bargain-priced toys and household goods, is quietly eyeing a move into Turkey, a step that would mark one of its most ambitious expansions yet....

5. Bank of Cyprus shares surge to 15-year high

When the investment fund Lone Star Funds “courted” Bank of Cyprus in the summer of 2022, offering just under €2 per share, well above its market price at the time, it clearly saw potential. ...

6. Soldiers get guaranteed insurance cover, Parliament calls it the bare minimum

Parliament unanimously approved a long-overdue measure on Thursday to guarantee insurance coverage for members of the Army of the Republic who are injured or killed while carrying out dangerous duties, a move MPs described as the absolute minimum owed to those defending the country....

7. Trump team considers $100,000 payout to every Greenlander

The Trump administration is considering offering as much as $100,000 to every resident of Greenland in a bold and highly controversial push to persuade the Arctic territory to break away from Denmark and join the United States, according to a Reuters report....

8. Cyprus pays drivers stuck with faulty airbags, €100 per week for waiting

The Cypriot government has handed out one-time payments to drivers whose cars were grounded because of faulty airbags, a move aimed at easing frustration and financial strain caused by a nationwide vehicle recall....

9. Another day, another scam as Paphos woman loses €6,500 online

A 71-year-old woman in Paphos reported to police that she lost about €6,500 to an online investment scam posing as a government-backed platform....

10. Revenue slumps, budget spending trails in Cyprus

By the end of October 2025, Cyprus had collected 65% of its planned state revenues, while government spending reached just 59% of the budget, according to the General Accounting Office....

11. Cyprus This Week: Banks, MOTs and tax talks stir debate

Cyprus’ headlines this week reflect a mix of economic, labor, and public safety issues, from banks rewarding employees handsomely to questions about who is really keeping the country’s roads safe. ...

12. Cypriot clubs to gain as FIFA expands its $355 million World Cup payout plan

The countdown to the 2026 World Cup has begun, and with it comes more than just a new format. For clubs around the world, including several in Cyprus, the tournament represents an unprecedented financial opportunity....

13. Cyprus begins €44M payouts to 2013 bailout victims

More than 4,500 people who lost money in Cyprus’ 2013 banking collapse are finally seeing compensation, with €44.36 million being paid out on Thursday, officials said....

14. Casino boom in occupied north sparks fears for future peace talks

In the shadow of international isolation, Cyprus' occupied north is gambling on a high-stakes future: doubling its number of casinos to 64....

15. Paphos–Polis motorway stuck in neutral

A project meant to link Paphos with Polis Chrysochous has become one of Cyprus’ most notorious construction headaches, mired in legal battles, ballooning costs, and government missteps that have left it frozen for decades....

16. Cyprus and Greek banks on a winning streak

Big banks in Cyprus and Greece are riding a wave of strong performance so far in 2025, catching the eye of investors and hinting at even brighter prospects ahead....

17. Euromoney: Bank of Cyprus Named Best Bank for the 10th Consecutive Year

Euromoney, one of the leading international magazines focused on banking, finance and financial markets, has named Bank of Cyprus the Best Bank in Cyprus in its 2025 Awards for Excellence. This is the 10th year that Bank of Cyprus has been recognised by Euromoney as Cyprus’ Best Bank....

18. Cyprus hotels join Europe’s legal fight to break Booking.com’s grip

Hotels in Cyprus are among more than 10,000 across Europe taking part in a class-action lawsuit accusing Booking.com of abusing its market power for two decades. ...

19. Cyprus wildfire boss was in Australia during deadly blaze

As raging wildfires swept through Cyprus last month, killing two people and devastating communities, the official tasked with coordinating the state’s wildfire response was more than 13,000 kilometers away in Australia....

20. BOC reports €235M in profits, but what does that actually mean for the rest of us?

21. ''All animals are equal, but some are more equal than others'' -George Orwell

Our young Nikos is a career diplomat, which means he’s developed a handy little skill: telling everyone exactly what they want to hear....

22. Eurobank to hike dividends by over 50%

Eurobank has announced plans to increase its dividend payout by more than 50% next year, alongside a juicy interim dividend of €170 million, equivalent to 4.7 cents per share. The news comes despite a small dip in profits, showing the bank’s confidence in its growth path and expanding footprint....

23. Parliament caps future multiple pensions but current officials still cash in

Cypriot lawmakers have finally taken steps to curb the controversial practice of multiple pensions for state officials, but not just yet....

24. Scandal deepens in socialite crime ring case as family returns to court

The scandal surrounding a 37-year-old businesswoman and socialite at the center of a suspected organized crime ring in Cyprus took a darker turn this week, with her parents and brother once again brought before the Nicosia District Court....

25. 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....

26. ECtHR orders €18,000 payout to Cypriot company over Famagusta property claim

The European Court of Human Rights (ECtHR) has ordered Turkey to pay €18,000 in damages and legal fees to Cypriot company K.V. Mediterranean Tours Ltd., over delays in handling a property claim in the fenced-off area of Famagusta....

27. BoC eyes bigger role in your financial future

Beyond its moves into the insurance sector, Bank of Cyprus is actively exploring additional ways to increase the bank’s overall value. ...

28. 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....

29. New EU rules mean less compensation for travelers

If you’re heading off on holiday this summer, hoping your flight goes smoothly, here’s something to keep in mind: the EU just agreed on new rules that cut the amount airlines have to pay passengers when flights are delayed....

30. Jumbo eyes Larnaca and Protaras for future expansion, but no timeline yet

Retail giant Jumbo has confirmed its interest in opening two new stores in Cyprus, one in Larnaca and another in Protaras, but clarified that there’s no set plan or timeframe at this stage. ...