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1. BlackRock Becomes The Second-Largest Shareholder of Freedom Holding Corp.

Freedom Holding Corp. (NASDAQ: FRHC), a global financial services and technology company and the parent company of the Freedom24 investment platform, announced that BlackRock has increased its stake in the company to 0.85%, investing about $89 million....

2. Cyprus and Greek banks on a winning streak

Big banks in Cyprus and Greece are riding a wave of strong performance so far in 2025, catching the eye of investors and hinting at even brighter prospects ahead....

3. Euromoney: Bank of Cyprus Named Best Bank for the 10th Consecutive Year

Euromoney, one of the leading international magazines focused on banking, finance and financial markets, has named Bank of Cyprus the Best Bank in Cyprus in its 2025 Awards for Excellence. This is the 10th year that Bank of Cyprus has been recognised by Euromoney as Cyprus’ Best Bank....

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

5. 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....

6. 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....

7. Cyprus airports set for €170M makeover as passenger growth soars

Cyprus is gearing up for a major transformation of its two main airports, as Hermes Airports Chairman Christophe Petit outlines a €170 million overhaul set to modernize and expand Larnaka and Pafos terminals. ...

8. Epic's parent company honored for investment in Cyprus at international awards

Monaco Telecom, the sole shareholder of Cyprus-based telecom provider Epic, was recognized at the 13th Invest Cyprus International Investment Awards for its substantial contribution to the Cypriot economy through continued investment in the telecommunications sector....

9. Cyprus is being bought, and the state doesn’t seem to know or care

About a year ago, I met with the top state official responsible for land and property issues in Cyprus. I won’t name names. My intention isn’t to target anyone personally, but I will say this: I spoke to the person who should know the most about the growing number of real estate acquisitions by non-EU nationals....

10. MP's approve €100M fund to aid 2013 bank crisis victims

Twelve years after the 2013 banking crisis devastated thousands of depositors and investors, Cyprus’ Parliament has approved a long-awaited budget for the National Solidarity Fund, unlocking €100 million in compensation for those hardest hit....

11. 25th Petrolina Annual General Meeting

On Thursday, the 19th of June, the 25th Annual General Meeting of the Shareholders of Petrolina (Holdings) Public Limited took place....

12. Maspex Romania eyes majority control of Cyprus-based Purcari Wineries

Maspex Romania has announced plans to take over Purcari Wineries, the Cyprus-registered winemaker known for its Moldovan heritage and international reach. ...

13. Say it isn’t so: The Trump–Elon bromance blows up online

Say it isn’t so--Donald Trump and Elon Musk, the political-tech power couple that once couldn’t stop praising each other, have officially entered the ugly-breakup phase. And they’re doing it the 2025 way: firing missiles on their own social media platforms....

14. Alpha Bank sets sights on Cyprus insurer Altius in expansion push

Alpha Bank is in talks to buy Altius Insurance, a Cyprus-based insurance company it already works with to sell insurance products through its branches. While nothing has been finalized yet, sources say discussions have progressed to a potential acquisition....

15. Freedom Holding Corp. added to the prestigious Russell 3000® Index

Freedom Holding Corp. (FRHC), a diversified, multinational financial services firm, has been selected for inclusion in the Russell 3000® Index as part of its annual reconstitution in 2025. The inclusion will take effect after the US market closes on June 27, 2025....

16. Tensions erupt over Abramovich case allegations at Parliamentary Committee

Allegations of high-level political interference surrounding a multimillion-euro VAT debt linked to Russian billionaire Roman Abramovich escalated Thursday in Cyprus’ Parliament, with tensions erupting between lawmakers and investigative journalist Makarios Drousiotis....

17. Indian giants Thomas Cook and LTIMindtree launch operations in Cyprus

Two major Indian companies, Thomas Cook India and LTIMindtree, are officially setting up operations in Nicosia, marking a significant step in strengthening business ties between Cyprus and India....

18. Cyprus targets Turkish nationals over property sales in occupied north

For the first time ever, arrest warrants issued by the Republic of Cyprus over the sale and development of Greek Cypriot properties in the Turkish-occupied north are targeting Turkish nationals. ...

19. Jumbo eyes Larnaca and Protaras for future expansion, but no timeline yet

Retail giant Jumbo has confirmed its interest in opening two new stores in Cyprus, one in Larnaca and another in Protaras, but clarified that there’s no set plan or timeframe at this stage. ...

20. Ancoria Bank shifts to Cypriot hands in major shake-up

Banking changes in Cyprus are rolling full steam ahead in 2025, with Ancoria Bank now seeing a major shift in its ownership. Entrepreneur and co-founder of XM, Kostas Kleanthous, has reached an agreement to buy more than 50% of Ancoria Bank, making him the new majority shareholder. ...

21. April Newsletter of K. Treppides & Co Ltd – 04/04/2025

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....

22. Here’s where the 11 new ATMs will be installed in Cyprus

The two major banks in Cyprus, Bank of Cyprus and Hellenic Bank, are moving forward with agreements made with President Christodoulides....

23. Businesses call for simpler, fairer tax reform in Cyprus

The Institute of Certified Public Accountants of Cyprus is raising concerns over Cyprus’ proposed tax reform, arguing that while the new framework aims to ease the tax burden on individuals and businesses, it remains overly complex. ...

24. BOC seeks to acquire Ethniki Insurance’s Cyprus subsidiary

Bank of Cyprus is moving forward with the acquisition of Ethniki Insurance’s Cyprus subsidiary, having entered exclusive negotiations for its purchase....

25. Cyprus tax reform: Bold overhaul aims to boost economy but sparks debate

Cyprus is preparing to implement its first major tax reform in over two decades, aiming to modernize the tax system, boost competitiveness, and align with international standards....

26. Fintech giants eye Cyprus' small banks in race for European banking licenses

Cyprus’ small banks have become prime targets for global fintech companies and financial institutions, with potential acquisitions aimed at securing a European banking license. ...

27. Supreme Court ruling forces ''haircut'' victims to district courts

The Cyprus Supreme Court has confirmed that cases related to the controversial 2013 ''haircuts'' at Bank of Cyprus and Laiki Bank must be heard by District Courts, not the Administrative Court, according to a statement from the Legal Service. ...

28. Bank of Cyprus cancels plan to sell JCC Payment Systems

The process for the sale of JCC Payment Systems has been halted, bringing an end to the deal between JCC and Euronet that had been under consideration since the summer of 2024....

29. Bank of Cyprus posts €508M profit for 2024

Bank of Cyprus has posted impressive results for 2024, reporting net profits of €508 million, marking a 4% increase from the previous year’s €487 million. The results reflect the bank's strong performance and growth, despite slight fluctuations in some areas....

30. Faulty airbags, political theatrics, and a President playing Messi

The faulty airbag saga isn’t going away anytime soon, as car owners across Cyprus (which, let’s be honest, means practically everyone—good luck finding a family without at least one problematic vehicle) are refusing to shoulder the extra costs....