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1. New bank tax could ease the pinch on families, but who’s behind it?

A year after narrowly losing a vote in parliament, AKEL is back with a new proposal to impose an emergency tax on banks for 2025 and 2026, calling it a “solidarity levy” aimed at helping everyday Cypriots cope with rising costs....

2. Ukraine edges toward U.S. peace deal as only a few disagreements remain

Ukraine says it has reached ''common understanding'' with the United States on nearly all major parts of Washington’s 28-point peace plan, signaling that Kyiv now disagrees with only a handful of issues as negotiations accelerate across multiple capitals....

3. He thought he’d found the perfect crypto investment, but was scammed out of €50,000

A resident of Larnaca has reported losing €50,000 to an online investment scam, according to a statement filed with the Larnaca CID’s Financial Crime Investigation Office....

4. Cyprus banks rake in over €750 million, even as rate cuts cool

Cyprus’ biggest banks are still posting hefty profits this year, even as the era of sky-high earnings seen in 2023 and 2024 begins to lose steam....

5. When ''ATA for All'' becomes ATA for no one

And here we are. The government’s big promises and bold declarations over the Cost-of-Living Allowance (ATA) have officially run out of road. Remember when officials were preaching “ATA for all,” even pushing protesters to turn the slogan into rally signs? ...

6. Greece targets Cyprus-linked ''mailbox'' companies for tax evasion

Greek tax authorities have launched a sweeping crackdown on thousands of businesses that have shifted their headquarters to Bulgaria, Romania and Cyprus while continuing to operate primarily in Greece....

7. Bank of Cyprus posts €353 million profit in 2025 despite lower interest income

Bank of Cyprus reported profits of €353 million for the first nine months of 2025, slightly below the €401 million earned in the same period last year but still showing solid results in a cooling economy....

8. 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. ...

9. Cyprus considers raising family income limit in major tax reform

Finance Minister Makis Keravnos said Friday he is open to raising the family income ceiling for tax deductions to €90,000 from the proposed €80,000, noting that ''the cost is not prohibitive.''...

10. Cyprus at the center of international cryptocurrency fraud bust

An extensive international investigation has uncovered a large-scale criminal network involved in cryptocurrency and online gambling scams, with Cyprus playing a significant role in the operation. ...

11. President unveils major tax overhaul aimed at fairness, growth and green transition

Cyprus is rolling out the biggest tax shake-up in more than two decades, promising a fairer system that supports families, strengthens local businesses, and keeps the economy competitive....

12. €50 million could flow to consumers as Cyprus moves to tax renewable energy giants

Cyprus is considering a controversial move to tax unexpected profits from private renewable energy companies, a measure aimed at funneling millions into programs that could ease the burden on consumers....

13. The energy market has opened, but power prices haven’t budged

A study by The Cyprus Institute, commissioned by the Ministry of Energy, suggests that electricity bills could be up to 20% lower if natural gas were used today for power generation....

14. Horse that killed worker at hippodrome cleared to race again next week

Less than a day after a 67-year-old worker was killed at the Nicosia Hippodrome by a panicked horse, industry insiders are stunned to learn that the very same animal has been cleared to race again next Sunday....

15. Limassol men lose €30,000 in online investment scam

Police in Limassol are investigating a new online fraud case in which two men, aged 63 and 66, were tricked out of a total of €30,050....

16. Cypriots fill supermarket carts as dining out declines

Supermarkets in Cyprus are thriving, recording strong turnover in 2024 and again this year, while restaurants and catering businesses are struggling with steep losses....

17. Woman loses over €65,000 in online investment scam

A 48-year-old woman has reported losing more than €65,200 after falling victim to an online investment scam, authorities said Thursday....

18. Cyprus news roundup: Fires, finance and fiery wage demands

From forest fire probes to banking battles, here’s a look at the week’s biggest developments in Cyprus....

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

20. 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....

21. USA 1 – EU 0

Just days before the August 1st deadline, the U.S. and the EU managed to strike a new trade deal, prompting sighs of relief, as the two traditional allies will not have to clash, at least for now....

22. XM investors await green light to take over Ancoria Bank

Two Cypriot investors behind a successful global trading platform are making a bold move to take over Ancoria Bank, in what could signal a new era for small-scale banking in Cyprus....

23. Banks show profit decline, asset growth, and capital strengthening in Q1 2025

The Central Bank of Cyprus released updated data Wednesday showing a decline in bank profits, an increase in assets, and a stronger capital position for the first quarter of 2025....

24. Cyprus banks are merging and here’s what that means for you

Cyprus is heading toward a major financial facelift, with a wave of mergers and acquisitions already in motion and expected to accelerate by the end of 2025. Sirens may have marked a different kind of Tuesday morning in Nicosia, but in the banking world, the alarm bells signal transformation....

25. Six freed on bail, one remains jailed in convicted felon-socialite case

The curtain is lifting on what prosecutors allege is a carefully orchestrated criminal ring, with trial proceedings for seven accused individuals set to begin at 9:00 a.m. on October 3, 2025....

26. High-society scandal deepens with 63 more in the frame

What started as a story of a glamorous socialite entangled with a well-known convict has now snowballed into one of the country’s most talked-about crime sagas, with another 63 people now on the police radar, bringing the total number of individuals linked to the case to over 100....

27. Cyprus returns to three systemic banks after Alpha Bank Cyprus-AstroBank deal

Cyprus is set to have three systemic banks again after Alpha Bank Cyprus signed a final agreement to acquire most of AstroBank’s assets and liabilities. The deal was officially signed Tuesday, June 24, 2025....

28. Swiss Central Bank slashes interest rates to 0% to fight soaring Franc and deflation

In a surprise move, Switzerland’s central bank has slashed interest rates to zero, aiming to counter falling prices and slow the rapid rise of the Swiss franc, which has been drawing heavy investment as a safe-haven currency during global economic uncertainty....

29. Alpha Bank Cyprus to acquire Astrobank in €200 million deal

Alpha Bank Cyprus will acquire the entire operations of Astrobank, excluding €15 million in non-performing loans, in a deal set to be signed Friday, June 20....

30. 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. ...