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121. Paphos man loses €200,000 in online fraud scheme

Police are investigating a new online fraud case involving a large sum of money after a 67-year-old man reported being swindled out of €200,000. The complaint was filed today at the Paphos Police Station, according to Cyprus Police....

122. Limassol resident loses €30,000 in cryptocurrency scam

A 54-year-old resident of Limassol reported to the police yesterday that he was scammed out of €30,000 by an online scammer posing as a cryptocurrency investment advisor....

123. Limassol man duped out of €30,000 in cryptocurrency scam

124. Cyprus non-cash payment value hits €129 billion

Non cash payments in Cyprus in the second half of 2023 rose by 12% year on year to €129 billion with total transactions amounting to 152 million marking an annual increase of 15%, the Central Bank of Cyprus (CBC) has said....

125. 70% of Cypriots and Greeks choose card payments over cash

We are moving ever closer to abolishing cash for consumers and businesses....

126. Nicosia municipality embraces digital era, ends cheque payments

In a significant shift towards modernization, the Nicosia Municipality announced it will no longer accept cheque payments, urging residents to transition to electronic and card-based payment methods. ...

127. Financial education in Cyprus schools after Metamax scandal

The ongoing investigation into the Metamax investment pyramid scheme is causing growing alarm across Cyprus. Complaints to police departments have surpassed 100, with over €220,000 allegedly defrauded. ...

128. Greek land registry hit by major cyberattack

A coordinated cyberattack has struck the Greek Land Registry, compromising one of its databases containing property ownership information across the country. ...

129. Senator Menendez convicted on bribery charges

Democratic Senator Bob Menendez of New Jersey has been convicted on multiple counts of bribery following a nine-week trial, a verdict that could potentially send him to prison for years. ...

130. Are we in a real estate bubble?

The real estate market has been steadily rising since 2015, marking the ninth consecutive year of growth in the sector. However, this broad trend has not been without fluctuations, particularly influenced by the economic disruptions of the pandemic era. Monthly analyses of transaction numbers and volumes from this platform illustrate these ups and downs....

131. Maronites' land claims challenged in occupied territories

In a recent commentary published by Belgin Demirel in Avrupa, concerns have been raised regarding property rights of Maronites in Northern Cyprus....

132. Cyprus leads EU in home sales by 31%

Home sales in Cyprus surged by 31% in 2023 compared to the previous year, the highest increase among European Union countries, according to data released by Eurostat, the EU's statistical service....

133. Jumbo to open second store in Nicosia this summer

Jumbo is set to open its second store in Nicosia and sixth in Cyprus, located in the former Stephanides Group headquarters near the Mall of Cyprus and IKEA in Strovolos....

134. Sklavenitis expands to 27 stores with Papantoniou deal

Sklavenitis Cyprus has announced the integration of Papantoniou Supermarkets into its network....

135. The $10 billion plan to rebuild Cyprus's ghost town

The Turkish newspaper Sözcü has drawn attention to Varosha, an abandoned area in Famagusta, calling it the "Las Vegas of the Mediterranean." The paper says it would take $10 billion to bring the ghost town back to life after being abandoned for 50 years....

136. Limassol man loses €46,900 in car sales scam

A 28-year-old man reported to Limassol Police Station that he was the victim of electronic fraud after transferring €46,900 to a bank account he believed belonged to a car sales company....

137. Cyprus tourism hit by May slump

Banks caution against high expectations for new tourism records in Cyprus, citing a lackluster performance in May, according to a report by Panayiotis Rougalas on this Sunday's Kathimerini (9 June 2024)....

138. Israeli settler defies US sanctions, gains community aid to access frozen funds

For weeks after being sanctioned by the United States, Yinon Levi struggled to pay the bills, living at his farming outpost atop a hill in the occupied West Bank. But the Israeli settler’s problems didn’t last....

139. New banknotes featuring King Charles released in the UK

Banknotes bearing the portrait of King Charles III have been released into circulation for the first time today. ...

140. CBC reports €209.1M increase in deposits for April

Total deposits have recorded a monthly rise for the third consecutive month in April, as total loans dropped after two months of growth....

141. Resilient CEOs embrace AI, plan for sustainable futures

Two in three CEOs optimistic about revenue and profit growth despite a challenging economic environment....

142. Eurobank's Q1 profit boosted by €41M from Hellenic Bank investment

Eurobank reported an adjusted net profit of €383 million for the first quarter of 2024, with €92 million originating from Cyprus. ...

143. Combatting money laundering: Insights from Katerina Sikioti Charalambaki

Money laundering poses a significant threat to the EU's economy and society, with organized crime generating revenues of at least €139 billion annually, as emphasized by Katerina Sikioti Charalambaki, a professor and lawyer at the High Court of Justice....

144. Almost 253,000 euros in bounced cheques in early 2024

Cyprus grapples with a surge in bounced cheques, as revealed by recent data from the Central Bank of Cyprus. The total value of these unreliable transactions skyrocketed to 252,988 euros in the first four months of 2024, marking a concerning trend in financial instability....

145. Home prices surge in Q4 2023

House prices in Cyprus continued their upward trajectory in the fourth quarter of 2023, with apartment prices being the primary driving force, as per a report released by the Central Bank of Cyprus on Tuesday....

146. Chestertons Global launches in Cyprus

Leading international real estate firm, Chestertons Global, has announced its expansion into the Cyprus property market with the launch of Chestertons Cyprus Residential. ...

147. ECB maintains €6.76 billion worth of Cypriot government bonds

The value of Cypriot government bonds held by the European Central Bank remained steady at €6.76 billion by the end of April. This is part of the ECB's efforts to scale back its holdings and control inflation....

148. AI-powered deepfake identity thefts surge 3,000%

Several months ago, a worker in Hong Kong unexpectedly conducted a transaction worth $25 million for her company, following instructions given......

149. Cyprus reports €133.1 million increase in March loans

In March, both total deposits and loans saw an upward trend, with liquidity (the difference between loans and deposits) exceeding €27 billion, according to statistics on deposits and loans from Monetary Financial Institutions published today by the Central Bank of Cyprus. ...

150. Eurobank set to dominate Cyprus' insurance scene with Hellenic stake

As Eurobank eagerly anticipates the green light from regulatory bodies such as the European Central Bank, the Central Bank of Cyprus, and the Companies Registrar for its acquisition of 55% ownership......