https://knews.kathimerini.com.cy/en/news/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”)....
https://knews.kathimerini.com.cy/en/news/president-unveils-major-tax-overhaul-aimed-at-fairness-growth-and-green-transition
Cyprus is rolling out the biggest tax shake-up in more than two decades, promising a fairer system that supports families, strengthens local businesses, and keeps the economy competitive....
https://knews.kathimerini.com.cy/en/business/cyprus-reports-€29-3-billion-negative-net-financial-position-household-income-climbs-in-2024
Cyprus closed 2024 with a negative net financial position of €29.27 billion, according to new data detailing macroeconomic indicators by institutional sector....
https://knews.kathimerini.com.cy/en/business/bank-of-cyprus-opens-india-hub-to-attract-new-business
The Bank of Cyprus is setting up a special ''India Hub'' to help Indian businesses work with the bank and explore opportunities in Cyprus and Europe....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-gave-away-a-nissan-ariya
The Bank of Cyprus has wrapped up its summer campaign with Visa cards, combining electric mobility with the joy of coffee!...
https://knews.kathimerini.com.cy/en/news/boc-fintech-hackathon-6-0-empowering-innovation-in-the-new-era-of-fintech
The 6th BoC Fintech Hackathon, organized by the Bank of Cyprus, was held at the IDEA Innovation Centre from 10–12 October 2025, and concluded with resounding success....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/business/massive-cybercrime-network-exposed-after-draining-hundreds-of-greek-bank-accounts
Authorities are unraveling what prosecutors call the nation’s most extensive cyberfraud operation, accused of siphoning funds from hundreds of online bank accounts through a sprawling network of coordinated scams....
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/news/cyprus-trade-deficit-widens-by-€1-billion-as-imports-surge
Cyprus’ trade deficit has ballooned by nearly €1 billion this year, reaching €5.15 billion between January and August 2025, as imports outpaced exports by a wide margin....
https://knews.kathimerini.com.cy/en/news/verification-of-payee-vop-the-simple-step-making-payments-safer-across-europe
In today’s world of instant digital payments, speed is everything. But when money moves fast, mistakes can also travel just as quickly....
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/news/compliancesuite-ai-how-infocredit-group-is-turning-compliance-into-competitive-advantage
Financial crime has grown increasingly sophisticated, and with it, the burden of regulatory compliance. For industries such as gaming, financial services, and fintech, compliance is no longer simply about meeting obligations...
https://knews.kathimerini.com.cy/en/news/power-shift-17-companies-enter-cyprus-new-electricity-market
For the first time in Cyprus, households and businesses will soon be able to choose who supplies their electricity. Starting today, 17 companies, ranging from homegrown startups to established energy providers, are stepping into the island’s brand-new competitive electricity market....
https://knews.kathimerini.com.cy/en/business/limassol-men-lose-€30-000-in-online-investment-scam
Police in Limassol are investigating a new online fraud case in which two men, aged 63 and 66, were tricked out of a total of €30,050....
https://knews.kathimerini.com.cy/en/business/eif-and-eurobank-join-forces-to-channel-€62-5-million-in-new-financing-to-cypriot-smes-and-start-ups
The European Investment Bank Group (EIB Group) today announced the first InvestEU Guarantee transaction in Cyprus, marking a major milestone in bringing EU-backed financing closer to Cypriot businesses....
https://knews.kathimerini.com.cy/en/news/woman-loses-over-€65-000-in-online-investment-scam
A 48-year-old woman has reported losing more than €65,200 after falling victim to an online investment scam, authorities said Thursday....
https://knews.kathimerini.com.cy/en/news/57-year-old-arrested-over-property-fraud-and-forgery-case
A 57-year-old man has been arrested in connection with a fraud investigation that includes allegations of property scams, forgery and the use of fake documents, police said Friday....
https://knews.kathimerini.com.cy/en/comment/opinion/cyprus-property-market-sizzles-in-july
Even though July marks the start of summer holidays for Cypriots, the month delivered a strong push to the property market....
https://knews.kathimerini.com.cy/en/news/coral-cyprus-shell-licensee-launches-the-new-shell-go-campaign-starring-shell-stations-michalis-sofokleous-and-herodotos-miltiadous
Coral Cyprus, the official licensee of Shell in Cyprus, is launching a new humorous digital campaign for the Shell GO+ rewards app. If you haven’t downloaded it yet, now is the time, because every transaction brings you closer to points, gifts, contests and exclusive perks....
https://knews.kathimerini.com.cy/en/business/cyprus-banks-are-merging-and-here-s-what-that-means-for-you
Cyprus is heading toward a major financial facelift, with a wave of mergers and acquisitions already in motion and expected to accelerate by the end of 2025. Sirens may have marked a different kind of Tuesday morning in Nicosia, but in the banking world, the alarm bells signal transformation....
https://knews.kathimerini.com.cy/en/business/novardia-credit-insurance-brokers-ltd-launches-as-cyprus-based-specialist-in-credit-insurance
A new, Cyprus-based insurance brokerage company specializing exclusively in credit insurance has been established....
https://knews.kathimerini.com.cy/en/news/woman-loses-€18-760-in-new-wave-of-fake-fine-text-scam
A 62-year-old woman in Nicosia was scammed out of nearly €19,000 after falling victim to a fake text message claiming she owed a traffic fine, police said on Monday....
https://knews.kathimerini.com.cy/en/news/bank-of-cyprus-sheds-€2-5b-in-real-estate-marks-biggest-property-sale-in-island-s-history
The Bank of Cyprus has officially sold off more than €2.5 billion worth of real estate, over 5,100 properties, through its Real Estate Management Unit (REMU), marking a major milestone in clearing long-standing burdens from its balance sheet, according to Kathimerini's Panayiotis Rougalas....
https://knews.kathimerini.com.cy/en/business/building-stronger-bonds-with-society-–-bank-of-cyprus-event-brings-together-ngos-and-volunteers
Bank of Cyprus successfully hosted the event titled “Building Stronger Bonds with Society”, which brought together non-governmental organisations (NGOs), charitable foundations, and volunteer groups with the goal of strengthening collaboration and long-term sustainability....
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/news/larnaca-on-the-rise-as-new-homes-fuel-real-estate-boom
Larnaca is quickly becoming one of Cyprus’ hottest property markets, with demand and prices for newly built homes climbing sharply in early 2025....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/business/cnp-cyprus-rebrands-as-erb-after-€182m-acquisition-by-hellenic-bank
By the end of June 2025, ''CNP'' will be renamed ''ERB'' as a result of the acquisition of CNP Cyprus Insurance by Hellenic Bank....
https://knews.kathimerini.com.cy/en/news/modi-begins-two-day-visit-to-cyprus-set-to-sign-joint-declaration-on-strategic-cooperation
Indian Prime Minister Narendra Modi arrived in Cyprus on Sunday for a two-day official visit, marking what Cypriot President Nikos Christodoulides called a historic step in the growing relationship between the two countries....
