A Decline in Counterfeit Banknotes in Cyprus: What You Need to Know for 2024

by News Editor

February 24, 2025

In a positive turn for financial security in Cyprus, 2024 saw a decrease in counterfeit euro banknotes, with just 571 fake notes removed from circulation. This marks a notable 11% drop compared to the previous year, according to the Central Bank of Cyprus.

The Most Counterfeited Euro Denomination

Among the counterfeit notes, the €50 denomination topped the list, accounting for 36.8% of the total discovered in Cyprus. Although the number of fake notes is relatively small compared to the genuine ones, vigilance in cash transactions remains paramount.

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Global Context

Across the euro area, around 554,000 counterfeit euro banknotes were intercepted in 2024, representing an 18.6% increase from the year before. Notably, €50 and €20 notes made up 79.6% of this total.

The Central Bank of Cyprus provides resources for the public to verify the authenticity of their banknotes, a crucial step in safeguarding transactions.

The Future Forbes Realty Global Properties

Cyprus Starts Selection Process For Board Roles In Semi-Public Organisations

by THEFUTURE.TEAM

April 2, 2026

Strategic Transition Ahead Of 2026

The Government of Cyprus has launched a process to appoint new board members across semi-public organisations and advisory councils ahead of term expirations in 2026. The selection is conducted through the Expert Advisory Council mechanism, which is used to evaluate candidates and support appointment decisions.

Robust Application Process

Konstantinos Letympiotis said that 1,241 applications were submitted during the first implementation of the process in 2023. Applications covered board positions across 13 organisations, reflecting interest from professionals in public sector governance roles.

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Expanding Opportunities Across Leading Institutions

The current process includes 94 board positions across 12 organisations. Institutions involved include the Public Gas Company (DEFA), THOK, the Licensing Authority, the Urban Planning Council, RIK, HA EK, the Cyprus Symphony Orchestra Foundation, ATHEK, KOA, the Port Authority, the Cyprus Land Development Organisation, and the Construction and Technical Contractors Council. These roles cover sectors such as energy, culture, infrastructure, and public administration.

Clear Timelines And Evaluation Criteria

Applications will open on April 3, 2026, with submissions accepted until April 24, 2026, through an online platform. The Expert Advisory Council will assess candidates based on defined criteria and prepare a shortlist with three candidates per position. That shortlist will be submitted to the Cabinet for final selection. Interviews may also be conducted as part of the evaluation process.

An Invitation To Qualified Professionals

Authorities invited eligible candidates to submit applications for the available positions. The process is aimed at filling upcoming vacancies and maintaining governance structures across public organisations.

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