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1. Interior Minister proposes cutting deputy mayors, cites need for local government reform

Interior Minister Konstantinos Ioannou said the government is considering proposals to reduce the number of Deputy Mayors across Cyprus, calling the current figure of 93 “excessive.”...

2. Aegean Airlines: First Quarter 2025 Trading Update

AEGEAN announces its key financial and operating results for the first quarter of 2025....

3. EU probes major porn sites over child safety concerns

The European Union has opened formal investigations into four major pornography websites (Pornhub, Stripchat, XNXX and XVideos) over alleged failures to protect minors from exposure to adult content, the European Commission announced Tuesday....

4. EU lawmakers approve tariff hikes on Russian, Belarusian agricultural imports

The European Parliament voted Thursday to impose higher tariffs on fertilizers and select agricultural products from Russia and Belarus, aiming to curb the bloc’s reliance on imports from the two countries....

5. Cultivating success stories of innovation: Deloitte’s exclusive event celebrating tech start-ups

Deloitte has long championed and supported innovation and entrepreneurship, spearheading various initiatives throughout the region....

6. EU proposes €2 fee on packages from China-based retailers like Shein and Temu

The European Union is planning to introduce a flat fee on billions of small parcels entering its borders each year, most of them from China....

7. Andreas Neocleous, Omiros Pissarides, Eirini Hadjisavva, and Marios Tannousis to Speak at Green Agenda Cyprus Summit

This year’s Sustainable Development Conference aims to support and enhance Cyprus’s national strategy for the Green Transition....

8. Freedom Holding Corp. Reaches $10 Billion Valuation on Record Share Price

Freedom Holding Corp. (FRHC), the parent company of Freedom24, reached an important milestone as its market capitalization surpassed $10 billion on Wednesday, May 14. ...

9. New 15% tax hits Hellenic and other banks

Hellenic Bank has just become the poster child for how Cyprus’ new 15% minimum tax law is starting to shake up the financial sector — and it’s not just about tax bills....

10. Cyprus fuel prices raise eyebrows and questions

If you feel like you’re paying more at the pump lately, you’re not imagining it....

11. AI adoption could boost global GDP by an additional 15 percentage points by 2035, as global economy is reshaped: PwC Research

New research published today by PwC reveals that AI has the potential to boost global economic output by up to 15 percentage points over the next decade. ...

12. European hoteliers take on Booking.com over high commissions

Hoteliers across Europe are once again taking aim at Booking.com, accusing the popular online platform of exploiting its dominant position in the market....

13. Deloitte announces Technology FAST 50 Middle East and Cyprus fourth edition rankings

Deloitte Middle East has released the results of the fourth edition of the Middle East Technology Fast 50, recognising the fastest-growing technology companies across Cyprus and the Middle East....

14. Lost in translation? Larnaca parking sign charged English speakers triple the fine

In what might be the most expensive translation error in town, a parking sign outside the Larnaca Municipal Market had English-speaking drivers sweating over a €25 fine, while Greek readers strolled off with a warning of just €8....

15. Bank of Cyprus buys out Ethniki Insurance in €29.5M deal

The Bank of Cyprus is making a bold move to strengthen its footprint in the island’s insurance market, announcing today that it has signed a binding agreement to acquire 100% of Ethniki Cyprus Insurance Ltd....

16. A bright future for Cyprus’ cruise industry

Cyprus’ cruise industry has been impacted by several events of the past few years. The Covid-19 pandemic was a significant setback, bringing operations to a near halt for extended periods. ...

17. Tourists are flocking to Cyprus this Easter: Here's what's driving the surge

Tourism officials are expressing cautious optimism about Cyprus’ 2025 Easter holiday season, with early bookings and rising airport traffic pointing to another strong year for the island’s travel sector....

18. Cyprus kicks off 2025 with tourism boom as revenues jump 53% in January

Tourism in Cyprus is off to a flying start in 2025, with January’s revenue soaring to €69.2 million, a 53.1% jump compared to the same month last year, according to the latest figures from the Statistical Service’s Traveler Survey....

19. From water woes to bank bets, here are the stories to follow

20. Alpha Services acquires AXIA Ventures

Alpha Services and Holdings has announced an agreement to acquire AXIA Ventures Group, aiming to form the leading investment banking and capital markets company in Greece and Cyprus. ...

21. Eurobank’s €1.3B move creates Cyprus’ largest bank

Eurobank Group’s €1.3 billion investment in Hellenic Bank is set to reshape Cyprus' banking landscape, creating the country’s largest financial institution with total assets of €27.5 billion....

22. Countdown to chaos: Cyprus’ traffic light fiasco

The government has been given an ultimatum: install countdown timers at traffic lights equipped with cameras within six months—or shut down the traffic camera system entirely. ...

23. Cypriot official accuses Government of hindering solar power for fossil fuel interests

In a heated exchange over Cyprus' energy policies, Kyriacos Hadjiyiannis, the president of the House Energy Committee, has stirred controversy by suggesting that the government’s stance on solar energy might be driven by a hidden agenda....

24. Larnaca port workers stage 24-hour strike over safety and unloading delays

Workers at the Port of Larnaca kicked off a 24-hour warning strike on Monday morning, blocking the port entrance in protest of unsafe working conditions and issues with the cargo unloading process....

25. Nicosia Mayor sounds alarm over city's financial crisis

Nicosia’s mayor, Charalambos Prountzos, has raised the alarm over the capital’s financial situation, warning that without immediate state support, the municipality will struggle to meet its obligations. ...

26. AI Auditing or Auditing AI? Ensuring Accountability and Trust

As artificial intelligence (AI) systems are used more and more in core business models in multiple sectors such as finance, healthcare, technology, and human resources, ensuring their transparency, fairness, integrity and reliability is paramount....

27. Aegean reports strong 2024 results with record revenue and passenger growth

AEGEAN announces its operating and financial results for fiscal year 2024....

28. AEGEAN grows its fleet by placing a firm order for 8 additional Airbus A321 neo aircraft

AEGEAN announces the order of 8 additional A321neo aircraft, thus further expanding for the third time its original agreement with Airbus for A320 / A321neo family aircraft, initially signed in 2018, with the first deliveries starting in 2020....

29. How Cyprus became the secret hub of the global porn industry

When people think of Cyprus, they picture sunny beaches, rich history, and perhaps a financial hub. But what few realize is that the island is also home to some of the world's biggest players in the adult content industry....

30. SkyUp Airlines to launch Larnaca–Chisinau flights in April

SkyUp Airlines is set to launch a new direct route between Larnaca and Chisinau, Moldova, starting April 19, 2025, with three weekly flights....