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31. 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. ...

32. 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....

33. 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)....

34. 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. ...

35. 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....

36. 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....

37. 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.”...

38. 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....

39. 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....

40. 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. ...

41. 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....

42. 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....

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

44. 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. ...

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

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

46. 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....

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

48. 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....

49. 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....

50. 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. ...

51. 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....

52. 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....

53. 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....

54. Cybersecurity and ICT risks emerge as leading drivers of operational risk

Geopolitical tensions have significantly increased operational risks, particularly in the areas of cyber and digital threats, as well as risks related to money laundering and sanctions compliance....

55. Greek workers strike over rising costs and low wages

Greek workers are currently on strike today, Wednesday, causing disruptions at ports, and on buses and trains. The nationwide strike, which includes transport workers, doctors, teachers, and construction workers, is a protest against rising living costs and demands for higher wages....

56. Hellenic Bank reports €284.4M profit for 2024

Hellenic Bank reported a profit of €284.4 million for the first nine months of 2024, up from €240.7 million in the same period last year....

57. Germany: €60 billion budget shortfall rocks Europe's largest economy

Germany’s tax revenues are projected to fall nearly €60 billion short of earlier expectations over the next five years, intensifying budget challenges for Chancellor Olaf Scholz’s government and straining the already fragile three-party coalition....

58. Cyprus surpasses pre-pandemic financial levels with growing surplus

Cyprus is bouncing back from recent economic challenges, with its financial health improving dramatically. Current fiscal surpluses now exceed what they were before the pandemic, thanks to a significant increase in revenue....

59. Freedom Holding Corp. marks 5th anniversary of Nasdaq IPO with significant growth milestones

Freedom Holding Corp. (FRHC) is celebrating the fifth anniversary of its IPO on the Nasdaq Capital Market, one of the world’s leading stock exchanges. ...

60. EU takes Cyprus to court over tax law delays

The European Commission has referred Cyprus, along with Spain, Poland, and Portugal, to the European Court of Justice for failing to implement the 2022 directive on a global minimum level of taxation for multinational corporations and large companies (Pillar 2 directive)....