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1. New generators for Dhekelia now expected in 2030

Plans to upgrade the Dhekelia power station have been pushed back again, with the Electricity Authority of Cyprus (EAC) now saying the three new generation units intended for the site are unlikely to arrive before 2030....

2. Jumbo eyes Turkey as next step in international expansion

Jumbo, the Greek retail giant best known for its bargain-priced toys and household goods, is quietly eyeing a move into Turkey, a step that would mark one of its most ambitious expansions yet....

3. Elon Musk takes AI to space, merges xAI with SpaceX

Elon Musk is combining two of his biggest private ventures in a move that could reshape the future of artificial intelligence and put it literally out of this world....

4. Cyprus becomes India’s gateway to Europe as landmark trade deal takes effect

A fresh momentum is taking hold in Cyprus-India commercial relations, thanks to the free trade agreement recently finalized between the European Union and India. The deal promises lower tariffs on European products and smoother access to the vast Indian market....

5. Bank of Cyprus shares surge to 15-year high

When the investment fund Lone Star Funds “courted” Bank of Cyprus in the summer of 2022, offering just under €2 per share, well above its market price at the time, it clearly saw potential. ...

6. Cyprus Tax Reform 2026: What Changed and What Stayed the Same

On 22 December 2025, the House of Representatives approved a wide-ranging tax reform package, with most measures taking effect from 1 January 2026. It is not an incremental adjustment....

7. From money haircuts to power haircuts

What has stayed with me most from Cyprus’ first term holding the Presidency of the EU Council, back in 2012, is the issuance of the Council Conclusions, the unanimous decisions that called for approval of the infamous EU directive on “banking resolution and recovery.” ...

8. Alpha Bank S.A. announces agreement on the key commercial and legal terms of strategic insurance transactions in Cyprus

Alpha Bank S.A. (“Alpha Bank”) announces that it has reached an agreement on the key commercial and legal terms for a strategic combination of insurance activities in Cyprus, ...

9. Big insurance shake-up coming to Cyprus

Alpha Bank is moving to shake up Cyprus’ insurance sector, announcing a major deal that will merge two well-known insurers into what is expected to become one of the country’s biggest insurance groups....

10. Adobe scoops up Semrush in $1.9B deal

Adobe, the U.S.-based software giant behind Photoshop and Premiere Pro, is set to acquire Semrush, the digital marketing and SEO platform with a major office in Limassol, for $1.9 billion....

11. Greece targets Cyprus-linked ''mailbox'' companies for tax evasion

Greek tax authorities have launched a sweeping crackdown on thousands of businesses that have shifted their headquarters to Bulgaria, Romania and Cyprus while continuing to operate primarily in Greece....

12. Bank of Cyprus posts €353 million profit in 2025 despite lower interest income

Bank of Cyprus reported profits of €353 million for the first nine months of 2025, slightly below the €401 million earned in the same period last year but still showing solid results in a cooling economy....

13. Audit service to review First Lady’s charity amid questions over donor ties

Cyprus’ Audit Service will investigate the Independent Social Support Agency, a charitable fund managed by the First Lady, after a report highlighted several donations that raise questions about transparency and possible conflicts of interest....

14. Alpha Bank completes the acquisition of AstroBank’s banking operations in Cyprus

Alpha Bank announces the successful completion of the acquisition of substantially all assets and liabilities of AstroBank Public Company Ltd (“AstroBank”), through its subsidiary Alpha Bank Cyprus Ltd (“Alpha Bank Cyprus”) and other Group entities, following the receipt of all required regulatory approvals (the “Transaction”)....

15. Simon Aykut gets five years for embezzlement in a landmark case

Simon Aykut, former director and shareholder of the Afik Group, was handed a five-year prison sentence by the three-member judicial body headed by Christiana Parpotta....

16. Fairfax bets big on Cyprus with stake in Eurobank Insurance

Canadian investment giant Fairfax Financial Holdings is deepening its footprint in Cyprus, agreeing to buy 45% of ERB Insurance, the general insurance company owned by Eurobank Limited, for €59 million, a deal seen as a strong vote of confidence in the Cypriot economy....

17. Foreign buyers account for over a quarter of Cyprus property sales

Foreign buyers from outside the European Union accounted for 27% of all property sales in Cyprus in 2024, the Audit Office said Wednesday during a parliamentary review of foreign real estate acquisitions....

18. College degrees don’t guarantee success anymore, LinkedIn CEO says

The days when a degree from a top university guaranteed a high-paying job are over, according to LinkedIn CEO Ryan Roslansky, who says the global job market is shifting faster than ever, and traditional education is no longer a ''golden ticket'' to career success....

19. Cypriots losing ground in own housing market

A new audit has sounded the alarm over serious loopholes in Cyprus’ property laws, warning that foreigners are buying a much larger share of real estate than official figures show, with little oversight of where the money comes from....

20. Wellington Fund boosts stake in Bank of Cyprus, becomes third-largest shareholder

The investment fund Wellington has increased its stake in the Bank of Cyprus to 5.87%, up from 3.99%, officially becoming the third-largest shareholder in the country’s largest bank....

21. 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....

22. 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....

23. 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....

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

25. 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....

26. 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....

27. 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. ...

28. 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....

29. 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....

30. 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....