Read the latest news from regional and global sources, presenting different voices and perspectives.
EU and Cyprus banks remain strong despite rising cost of risk
Cyprus Mail
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August 12, 2025
The European Banking Authority (EBA) this week reported that the EU and EEA banking sector remained robust in the first quarter of 2025, despite higher costs of risk. Publishing its quarterly Risk Dashboard, the EBA reported that the common equity...
Top registration firms promoted in 2025: How U.S. reciprocal tariffs push global businesses to offshore structures
Cyprus Mail
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August 12, 2025
The United States announced its most significant trade policy shift since NAFTA in 1994 when President Trump declared a national emergency on April 2, 2025, to address what he described as a “large and persistent U.S. trade deficit” through...
North’s energy woes ‘would have been much worse’ without Greek Cypriots’ help
Cyprus Mail
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August 12, 2025
The continues power cuts faced by the north after an explosion at a substation on Friday “would have been more widespread” were it not for the Republic stepping in to provide electricity, the north’s electricity authority Kib-Tek’s workers’ trade...
Scholarships aim to boost tourism careers for Cyprus youth
Cyprus Mail
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August 12, 2025
Stek and KES College renew tourism education scholarship scheme The association of Cyprus tourist enterprises (Stek) and Nicosia-based KES College on Tuesday announced that they have renewed their collaboration for another year. In this context,...
AI ‘a matter of survival’ for business, say Skourides and PwC CEO Soseilos
Cyprus Mail
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August 12, 2025
The Chief Scientist, Demetris Skourides has launched a new podcast series aimed at putting people, purpose and innovation at the heart of the artificial intelligence (AI) debate. Fearless Future, produced at UCLan Cyprus’ media studio and streamed...
Cyprus marks one year of interbank ESG assessment for businesses
Cyprus Mail
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August 11, 2025
One year has passed since the launch of the interbank ESG assessment project for Cypriot businesses, implemented by Artemis Credit Bureau through the Synesgy platform. According to a statement by the Association of Banks of Cyprus, this project...
Cyprus tax reform misses mark on boosting stock market growth, exchange says
Cyprus Mail
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August 11, 2025
CSE demands vision-driven approach to market growth The Cyprus Stock Exchange (CSE) Council on Monday expressed “deep concern and disappointment” over what it deems to be “the exclusion of meaningful incentives for the capital market” in the...
Cyprus news roundup: Fires, finance and fiery wage demands
Knews Kathimerini
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From forest fire probes to banking battles, here’s a look at the week’s biggest developments in Cyprus. Hotel industry crisis averted, for now With talks still ongoing at one large hotel group and labor disputes settled at three others, a broader...
Cyprus’ strong performance at FIDE World Schools Team Chess Championship
Knews Kathimerini
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From 2-7 August 2025, Cyprus’s school team, representing The Grammar School, Limassol, competed at the FIDE World Schools Team Chess Championship, hosted at Episcopal High School in Alexandria, Virginia. Among 55 teams from around the globe,...
South Church Street bridge over Cypress Creek faces full closure starting August 7
Old Dominion News - Virginia
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August 12, 2025
Contractor crews working for the Virginia Department of Transportation (VDOT) will soon begin a continuous, multiday full closure of South Church Street (Route 258/10 Business) at the bridge over Cypress Creek in Smithfield. The closure is...
Woman warns after Essex parking scam sees her bank account charged
Harwich and Manningtree Standard
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She said: “I went to the sign and scanned the code to go onto the MiPermit App. “It asked me to put my card details in, which I did, and then it immediately switched to another website, saying I had subscribed to some sort of voucher programme, to...
Keve urges Cypriot firms to join EU merger rules review
Cyprus Mail
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August 12, 2025
The Cyprus Chamber of Commerce and Industry (Keve) this week called on Cypriot businesses to participate in an ongoing European Commission public consultation on the review of EU merger rules, stressing the importance of shaping regulations to...
Cyprus trade deficit rises to €3.87 billion in first half of 2025
Cyprus Mail
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August 11, 2025
Imports jump 21.1 per cent in June as exports rise 11.9 per cent Cyprus’ trade deficit widened to €3.87 billion in the first half of 2025, compared to €3.65 billion in the same period last year, according to a report released on Monday by the...
Cyprus nets €257.9m from EU e-commerce VAT schemes
Cyprus Mail
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August 11, 2025
VAT revenues from the EU’s e-commerce systems brought €257.9 million into Cyprus’ coffers in 2024, according to tax commissioner Sotiris Markides. Through the One Stop Shop (OSS) and Import One Stop Shop (IOSS), businesses can declare and pay VAT...
Bank of Cyprus hosts fintech hackathon, joins TechIsland donor network
Cyprus Mail
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August 11, 2025
The Bank of Cyprus is doubling down on its innovation drive this October, launching its sixth fintech hackathon while also joining TechIsland’s donor network to help strengthen the island’s tech ecosystem. Specifically, the bank announced that it...
Nicosia rental market shaped by rising student demand, says council head
Cyprus Mail
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August 11, 2025
Rental prices in Cyprus have not increased significantly, as the market has successfully managed to balance rising demand, particularly from students, with the addition of new housing units, according to the president of the Cyprus Real Estate...
Cyprus Police Issue Arrest Warrant in Attempted Murder Case
Famagusta Gazette
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August 11, 2025
Home Cyprus Cyprus Police Issue Arrest Warrant in Attempted Murder Case FAMAGUSTA GAZETTE – Authorities in Cyprus have issued an arrest warrant for a 48-year-old man in connection with the attempted murder of a 61-year-old resident of Frenaros,...
Cyprus plans major upgrades to air and naval bases with U.S. and EU cooperation
Famagusta Gazette
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August 11, 2025
FAMAGUSTA GAZETTE – American defense experts have visited the Andreas Papandreou Air Base in Paphos twice in recent months as part of plans to upgrade the facility. The project, coordinated with Cypriot authorities, includes expanding the runway,...
Keith Lee-loved Houston sandwich shop rolls into new Cypress store
Culturemap
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August 12, 2025
One of Houston’s most prominent culinary couples has launched their latest project — a tiki-inspired speakeasy. The Road to Nowhere is the latest project from Nobie’s owners Sara and Martin Stayer. Located within the Toasted Coconut, the couple’s...
India Continues Crackdown on CFD Brokers: Raids Zara FX and Freezes Bank Accounts
Finance Magnates
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August 11, 2025
The Indian financial crimes police have raided multiple locations of Zara FX (now known as Zarvista Capital Markets), a forex and contracts for differences (CFDs) broker, and frozen its bank accounts, which hold about INR 39 million (USD 445,000),...