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1. 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. ...

2. 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....

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

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

4. 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....

5. 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....

6. 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....

7. Cyprus tax reform: A win for families, a challenge for businesses

Cyprus is set to undergo its first major tax reform in over 20 years, with changes expected to align the system with the country’s evolving economic landscape....

8. Cyprus strikes energy deals, but ‘Aphrodite’ gas delayed until 2031

Last Friday marked the conclusion of long-running negotiations between the Republic of Cyprus and the consortium developing the Aphrodite gas field, led by U.S. energy giant Chevron. ...

9. One in three short-term rental accommodations is illegal

10. Audit office wants big changes to land program for low-income families

The Audit Office has called for a major revision of the Land Allocation Plan for low-income families....

11. Freedom Holding Corp. reports 57% surge in Q3 revenue, hits $9 billion market cap milestone

Freedom Holding Corp. (FRHC), the parent company of Freedom24, has announced two significant milestones: strong third quarter results for fiscal year 2025 and a record market capitalisation of $9 billion....

12. No relief in sight as electricity prices to remain high until 2027

Electricity prices in Cyprus are expected to remain elevated for the next two years, according to the chairman of the EAC....

13. New garbage tax could mean higher costs for citizens

Cypriot citizens may soon face higher waste disposal costs as a new bill proposes an additional municipal waste landfill tax, adding financial pressure on households already grappling with rising living expenses....

14. Illegal tobacco stash found in daycare nursery

Authorities in Cyprus have made a series of eyebrow-raising discoveries in recent days, seizing large quantities of untaxed tobacco—one of which was found in an unexpected and highly unusual location: a daycare nursery....

15. Car distributors exploiting drivers with fees on airbag recalls

Lawmakers are taking aim at two car distributors accused of charging administrative fees for replacing recalled airbags, calling the practice ''obscene'' and ''exploitative.''...

16. Trump hints at new tariffs on EU imports as trade tensions escalate

US President Donald Trump has suggested that the European Union (EU) could be the next target of US tariffs, following the imposition of 25% levies on imports from Mexico, Canada, and China....

17. Limassol soars, bananas bend, and ambulances demand more car crashes

The mayor of Limassol has expressed concerns over the ''Pay As You Throw'' program. Oh, for heaven’s sake. Personally, I believe Limassolians should pay double what everyone else pays—and without complaints. ...

18. Mohamed Salem case: Acquitted on naturalisation charges

The Supreme Court on Thursday acquitted most of the defendants in a case involving irregularities in the Cyprus Investment Programme (CIP) related to the naturalisation of investor Mohamed Salem and his family....

19. Funeral parlors accused of paying bribes for bodies

Licensed funeral parlor owners in Cyprus are raising alarm over what they describe as an alarming trend of illegal funeral homes bribing hospital workers to secure the bodies of the deceased. ...

20. Greece cracks down on Airbnb rentals

In a bold step to address its worsening housing crisis, Greece has introduced sweeping legislation to clamp down on short-term rentals listed on platforms like Airbnb. ...

21. AI to shake up banking putting thousands of jobs at risk

The global banking industry is bracing for a seismic shift as artificial intelligence (AI) continues to revolutionize the sector. A recent study by Bloomberg Intelligence predicts that up to 200,000 jobs in banking will be eliminated over the next three to five years as AI takes over tasks currently performed by employees....

22. Mango founder Isak Andic dies at 71 after tragic accident

Isak Andic, the visionary behind global fashion brand Mango, tragically passed away at the age of 71 following an accident during a family excursion. ...

23. Cyprus MPs vote on major bills, including tax hikes and baby bonuses

The Cyprus Parliament was busy on Thursday, voting on a series of important bills that could reshape the island's economic landscape and support families....

24. ‘Business as usual’ for world’s top companies as they get ahead of mandatory sustainability reporting rules

With mandatory sustainability reporting nearly upon us, new research from KPMG reveals the world’s biggest companies are taking a proactive approach, with a significant increase in businesses already publishing ESG data, including carbon reduction targets....

25. Hellenic Bank CEO Michalis Louis on merger plans and Cyprus' future

According to Kathimerini's Panayiotis Rougalas, Michalis Louis, in his first interview since becoming CEO of Hellenic Bank, discussed the challenges and opportunities ahead, especially in the context of the bank’s merger plans and its strategies for growth....

26. Temu’s tempting deals are a double-edged sword for Cypriot shoppers

Temu, an emerging e-commerce platform, offers an extensive range of products, from gadgets and household goods to clothing and toys, at remarkably low prices....

27. A critical step for economic growth in Cyprus includes tax reform

Speaking at an Open Discussion Event organized by the G.R.M. Professional Training Center at the St. Raphael Resort in Limassol, under the theme “The Upcoming Tax Reform in Cyprus: Purpose, Guidelines, and Timelines,” the Minister announced that a comprehensive meeting is planned for early 2025....

28. Didn’t know? Should’ve asked!

The Presidential Office appears to be in search of the 200 companies that have invested in Cyprus—a surprising development given the article published in "K" on November 24th....

29.  Debate intensifies over proposed 5% tax on bank profits in Cyprus

According to a report by Panayiotis Rougalas in today's 'Oikonomiki', a controversial proposal to introduce a 5% tax on bank profits in Cyprus is racing against time to be debated in Parliament before the Christmas recess....

30. Nicosia aims to become a model for sustainable tourism

Nicosia is positioning itself as a model for combining urban and rural tourism, offering a rich blend of cultural heritage, modern experiences, and sustainable development, according to Deputy Minister of Tourism, Costas Koumis....