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1. 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....

2. Cyprus scores big in global ratings

Cyprus is wrapping up the year with strong marks from the world’s big credit rating agencies, capping what officials say has been one of the economy’s best-performing years in recent memory....

3. Cyprus, connectivity, and the future of European aviation: A conversation with Olivier Jankovec

Olivier Jankovec, Director General of Airports Council International (ACI) Europe—the airport counterpart to IATA—has a bird’s-eye view of the European aviation landscape. Right now, he has his sights set on Cyprus....

4. The Future of Finance: Five key trends shaping the role of finance leaders by 2026

Finance is no longer just about numbers and budgets. Today’s finance leaders are stepping up as key strategists, using technology and new ways of working to help businesses grow and adapt in an uncertain world....

5. 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....

6. Deloitte Cyprus issues its Annual Transparency Report: Building trust, driving impact, and shaping a sustainable future

Deloitte Cyprus has published its 14th Transparency Report covering the period from 1 June 2024 to 31 May 2025....

7. Cyprus betting hits €320M in Q1

Betting revenues in Cyprus stayed virtually unchanged in the first three months of 2025 compared to last year, but the industry still showed strong growth over the past two years, according to figures released Thursday by the National Betting Authority....

8. Cyprus set to break €8 billion in tax revenue in 2025

Cyprus is on track to rake in more than €8 billion in tax revenue this year, up from €7.4 billion in 2024, a milestone that underscores the Tax Department’s push for better compliance and modernization....

9. Cyprus restaurants feel the pinch as tourists dine in instead of out

Cyprus’ restaurants and entertainment venues are feeling the squeeze this year, as more tourists choose to eat at home, order delivery, or rely on all-inclusive hotel packages instead of dining out....

10. 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. ...

11. 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....

12. PwC Global Entertainment & Media Outlook: Global entertainment and media industry revenues to hit US$3.5 trillion by 2029, driven by advertising, live events, and video games

Advertising spend forecasted to grow three times as fast (6.1%) as E&M consumer spending (2%) – as AI set to transform advertising models and drive hyper-personalisation...

13. Audit Office warns of €3.1 billion in delayed tax revenues, warns of non-collection risk

The Audit Office has raised concerns over €3.1 billion in delayed tax revenues owed to the state, warning that around €1.4 billion may never be collected....

14. Ryanair offers staff bonuses for spotting oversized cabin bags

Budget airline Ryanair is offering financial incentives to staff who identify passengers carrying oversized hand luggage, as European regulators weigh a possible ban on cabin bag charges....

15. EU Commission targets Cyprus and others countries in broad legal crackdown

The European Commission has initiated legal proceedings against several EU member states, including Cyprus, for failing to comply with a range of obligations under European Union law....

16. Former director of Pattihio Theatre sentenced to 5.5 years for misappropriating €234,550

The Limassol Criminal Court has sentenced the former director of the Pattihio Municipal Theatre to 5.5 years in prison for theft by an employee and money laundering....

17. Cyprus government posts €551M budget surplus in first five months of 2025

Cyprus continues to keep its public finances in check, reporting a general government surplus of €551.2 million for the first five months of 2025, slightly higher than the €542.6 million recorded during the same period last year. ...

18. 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....

19. EAC now requests 3% hike, sparing consumers steeper 7.5% increase

Consumers in Cyprus may soon see a 3% rise in their electricity bills, after the Electricity Authority of Cyprus (EAC) announced Tuesday it will request a modest rate increase from the Cyprus Energy Regulatory Authority (CERA)....

20. 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. ...

21. Nearly 24,000 illegal cigarettes seized at Paphos airport

Customs officers at Paphos Airport seized thousands of illegal cigarettes on Monday after stopping a Greek Cypriot man heading to London....

22. Posh perks and pricey trips: Inside Parliament’s 2023 spending spree

The Auditor General of the Republic has issued a series of significant recommendations in his report concerning the operations of the House of Representatives for the year 2023....

23. 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.”...

24. 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....

25. 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....

26. 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. ...

27. 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....

28. 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....

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

30. 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. ...