3 h. ago Cyprus Business Now: Hellenic Bank, BoC buyback, Ermes, Cyta acquisition, hotels

The Cyprus Stock Exchange (CSE) on Friday ratified the suspension of trading in the shares of Hellenic Bank Public Company Ltd, following a recent meeting of the CSE Council. The ratification was made under Article 184 of the Cyprus Stock Exchange Law and formalises the suspension decision first announced on May 9, 2025. The suspension […]

Economics

22 h. ago Hotel licence deadline pushed again as MPs slam ‘fictitious progress’

The House this week approved yet another extension to the licensing deadline for hotels and tourist accommodations, triggering backlash from MPs over years of delays and what they called ‘fictitious progress’. The new law pushes the deadline for securing an operating licence from the Deputy Ministry of Tourism to November 30, 2025, two months later […]

Events

24 h. ago Bank of Cyprus buys back 339,586 shares as part of €30m repurchase programme

The Bank of Cyprus on Friday has announced that it repurchased a total of 339,586 of its ordinary shares between May 16, 2025, and May 22, 2025. The shares, each with a nominal value of €0.10, were bought on both the Cyprus Stock Exchange (CSE) and the Main Market of the Regulated Securities Market of […]

Economics

26 h. ago Cyprus eyes deeper Qatari investment ties with new proposals in Doha

Cyprus is courting Qatari investors with a push to expand cooperation in real estate, tech and financial services, as part of efforts to bolster bilateral ties and attract strategic capital into the island’s economy. During an official visit to Doha, Energy Minister George Papanastasiou met with Rashid bin Hamad Al-Athba, Second Vice President of the […]

Politics

32 h. ago Our View: A cashless future can wait – people still need ATMs

MPs this week lambasted banks for the lack of ATMs, particularly in mountainous and remote areas, giving them a one-month deadline to come back with a plan for more extensive coverage. This is a long-standing gripe over which some MPs come across as a bit hyperbolic at times conjuring up visions of little old ladies […]

Politics

38 h. ago G7 seeks to cut ‘excessive imbalances’ in global economy, may impose more Russia sanctions

Finance ministers and central bank governors from the Group of Seven democracies pledged on Thursday to address “excessive imbalances” in the global economy and said they could increase sanctions on Russia. The finance ministers and central bank governors, who met in the Canadian Rocky Mountains, said there was a need for a common understanding of […]

Politics

41 h. ago North ‘MP’ calls for crossing points to be closed over property arrests

Turkish Cypriot ruling coalition party DP ‘MP’ Serhat Akpinar on Thursday called for the north’s authorities to close the island’s crossing points over the recent arrests and court cases regarding the alleged development of Greek Cypriot-owned land in the north. “The United Nations’ representative [Maria Angela Holguin] is here Attention must be drawn immediately. […]

Events

43 h. ago CBC governor outlines strategies for economic resilience and growth

Central Bank of Cyprus (CBC) governor Christodoulos Patsalides on Thursday used his address at the 4th ICPAC Mediterranean Finance Summit to underline the importance of resilience in the face of global economic uncertainties. At the event, Patsalides highlighted the necessity for strategic reforms and robust regulatory frameworks to ensure financial stability and sustainable growth. “We […]

Economics

43 h. ago EU to postpone key bank rules, waits on US deregulation plans

The European Union is set to delay new, global rules governing banks’ trading again as it waits for more clarity about the US administration’s plans to deregulate its financial sector, sources told Reuters. The Fundamental Review of the Trading Book (FRTB) is a key part the Basel III package devised in the wake of the […]

Politics

47 h. ago Cyprus estate agents threaten action over legal contract bill

The Cyprus Real Estate Agents Registration Council has issued a call to its members to be prepared for mobilisations, following a meeting of the House legal affairs committee on Tuesday. The session involved a discussion of a proposed bill by MP Kostis Efstathiou, which would make it mandatory for all property sale contracts in Cyprus […]

Events

48 h. ago After 49 years, Hellenic Bank gets renamed – What will change for customers

After 49 years, Hellenic Bank gets renamed – What will change for customers  Philenews

Economics

2 d. ago Hellenic Bank and Eurobank Cyprus to merge under one name: Eurobank

Hellenic Bank and Eurobank Cyprus to merge under one name: Eurobank  Kathimerini.com.cy

Politics

3 d. ago €9 million awarded to Greek Cypriot refugee by north’s property commission

Greek Cypriot refugee Christos Saveriades has been awarded €9 million in damages by the Turkish Cypriot ‘immovable property commission’ (IPC) for the loss of use of his property in the north, it was announced on Wednesday. Lawyer Achilleas Demetriades, representing Saveriades’ heirs, said an “amicable agreement” had been reached on November 19, 2024, and the […]

Events

3 d. ago North opposition lambasts ‘govt’ for ‘reckless’, ‘ridiculous’ property policy

The north’s ruling coalition was on Tuesday lambasted by two opposition ‘MPs’ for the “reckless” and “ridiculous” policies they have followed regarding the matter of property. The debate comes after the ruling coalition changed its legislation regarding the purchase of real estate by non-Turkish Cypriots last Friday, allowing them to buy more properties. First to speak on the […]

Events

3 d. ago Strong interest shown in Peyia Sunset Complex following May 19 Open Day

The Peyia Sunset Complex drew a wave of attention on Sunday, May 19, as it opened its doors to prospective buyers during an exclusive Open Day event, ahead of its much-anticipated live bidding process. The event attracted a steady stream of local and international visitors, all eager to explore the sea-view residences and investment potential […]

Politics

3 d. ago Bank of Cyprus issues shares to top executives as part of incentive schemes

The Bank of Cyprus on Tuesday announced the allotment of 317,817 new shares to members of its general management as part of its long-term and short-term incentive plans. The shares have a nominal value of €0.10 each and were originally issued on March 31, 2025. They are set to be admitted to trading on the […]

Politics

3 d. ago Hellenic Bank highlights future of banking at Reflect Festival

Hellenic Bank on Tuesday released a statement summarising its participation at this year’s Reflect Festival, highlighting its commitment to innovation, digital transformation, and the strategic role of technology in the future of banking. The festival is one of the largest technology and innovation events in Cyprus and the Mediterranean, with over 10,000 people participating in […]

Politics

4 d. ago Menelau Emphasizes Renewed Push to Revive Cyprus Peace Talks

Menelau Emphasizes Renewed Push to Revive Cyprus Peace Talks  Kıbrıs Postası

Politics

5 d. ago Cyprus estate agents fight proposed legal monopoly on property contracts

The Cyprus Real Estate Agents Registration Council on Monday again voiced concerns over a proposed law that would require all rental and sale contracts for real estate to be drawn up exclusively by lawyers. The proposal, which is currently before the House legal affairs committee, has been met with strong opposition from the council, which […]

Sport

5 d. ago President says prevention important in fight against cancer at walk for Europa Uomo

Prevention is the most important factor in fighting cancer, was the main message sent on Sunday by President Nikos Christodoulides, who emphasised that prostate cancer has a 90 per cent cure rate. In the courtyard of the Bank of Cyprus Oncology Center, in Nicosia, people gathered sent a strong message for life, prevention, and solidarity […]

Politics