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1. 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....

2. 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....

3. 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....

4. 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....

5. 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....

6. 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. ...

7. 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....

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

9. ''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....

10. 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....

11. 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....

12. 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....

13. 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....

14. 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....

15. 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. ...

16. 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....

17. 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....

18. 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. ...

19. Bank of Cyprus posts €508M profit for 2024

Bank of Cyprus has posted impressive results for 2024, reporting net profits of €508 million, marking a 4% increase from the previous year’s €487 million. The results reflect the bank's strong performance and growth, despite slight fluctuations in some areas....

20. Eurobank moves for full control of Hellenic Bank in major takeover push

February is shaping up to be a pivotal month for Hellenic Bank, as key financial moves unfold, including a full takeover bid by major shareholder Eurobank, the completion of key acquisitions, and a voluntary exit plan for employees....

21. RIK welfare fund scandal: Taxpayers on the hook for mismanaged millions

A potential case of misappropriation of public funds has emerged involving the Cyprus Radio Broadcasting Corporation's (RIK) Welfare Fund, according to findings from the Parliamentary Control Committee....

22. Demetra shareholders face tough decision over Logicom’s €1.55 offer

The decision facing thousands of shareholders of Dimitra Investment is not an easy one....

23. Depositors affected by 2013 banking crisis to be compensated in May

Cypriots who lost their savings during the 2013 banking crisis will finally begin receiving compensation this May, according to Finance Minister Makis Keravnos. ...

24. Laiki Bank liquidator raises €90.8 million for depositor compensation

According to a report by Panayiotis Rougalas in this Sunday's Kathimerini, the liquidator of the former Laiki Bank, Avgoustinos Papathomas, has achieved a key milestone in efforts to compensate creditors, particularly depositors who lost money during the bank’s 2013 collapse....

25. Fired Paphos-Polis road contractor wants €35 million payout

The Cyprus government has formally terminated its contract with Intrakat, a Greek construction company, for the long-awaited Paphos-Polis Chrysochous motorway, citing severe delays and excessive demands from the contractor....

26. AstraZeneca faces lawsuits over vaccine's rare blood-clotting risk

AstraZeneca has admitted that its COVID-19 vaccine could cause a rare but deadly blood-clotting condition, potentially exposing the UK pharmaceutical......

27. MP Neofytou proposes €11,000 immediate payout for solidarity fund recipients

Democratic Rally MP Averof Neophytou has unveiled a groundbreaking initiative aimed at alleviating financial burdens for beneficiaries of the Solidarity Fund....

28. Court denies payouts to Helios crash victims' families

The Court of Appeal, in a majority decision, dismissed the appeals of the children of two deceased passengers of the ''Helios'' airline, who sought compensation from the Republic of Cyprus for the loss of their parents....

29. Government faces backlash over officials' salary surge

In a significant move, a deal signed on July 28, 2017, not only marked the revival of the institution but also propelled the salaries of officials to new heights. ...

30. Bank of Cyprus posts nearly half a billion euro profit in 2023

Bank of Cyprus reported a robust profit of €487 million for the fiscal year 2023, as announced by Group CEO Panicos Nikolaou during the presentation of the bank's financial results....