Cyprus Cooperative Bank Bid Warns Of Fake Share-Selling Websites

by THEFUTURE.TEAM

September 14, 2026

A company behind plans for a new cooperative bank in Cyprus has reported an attempted online scam to police after discovering fake websites and social media accounts targeting potential investors.

Fake Channels Target Prospective Investors

The Pancyprian Cooperative Society for Participation and Promotion of Cooperativism said unauthorized websites and profiles were posing as official sources of assistance for people seeking to buy shares in its ongoing offering.

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No individual, company or third party has been authorized to represent the group, mediate transactions or assist prospective members, it said.

Official Platforms Confirmed

Pancyprian Cooperative Society identified pccppc.cy as its only official corporate website. Membership applications and share purchases are handled exclusively through its dedicated share platform.

The warning comes as the company raises capital to establish a new cooperative credit institution in Cyprus. Its prospectus was approved by the Cyprus Securities and Exchange Commission on July 8, while the public offering opened July 22 and is scheduled to run until Nov. 17.

Capital Raise Underway

Up to 42 million new shares are being offered at a nominal value of €1 each, with a minimum online investment of €100.

Prospectus approval does not constitute an endorsement of the shares, and the proposed bank will still require the necessary licenses before beginning operations.

Public Urged To Verify Communications

Potential investors should avoid sharing personal or financial information through unofficial websites or social media accounts, the company said. Any communication should be verified through its official channels before a share purchase is made.

Support is available at 97913011, 97913012, 97913013 and 97913014, while potential investors are advised to use the company’s official channels for enquiries.

A police complaint followed the discovery of fake online material that the company said was designed to mislead and defraud people interested in the share offering.

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Cyprus Job Vacancies Fall 7% As Hiring Demand Softens

by THEFUTURE.TEAM

September 14, 2026

Cyprus’ job vacancy rate fell to 2.6% in the second quarter of 2026, down from 2.8% in the previous quarter and 3.3% a year earlier, according to data from the Statistical Service, or Cystat.

Vacancies declined by 975, or 7%, from 13,905 in the first quarter. The drop points to softer hiring demand, although several sectors continue to face staffing shortages.

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Hospitality Records Highest Vacancy Rate

Accommodation and food service activities had the highest vacancy rate at 4.6%, reflecting continued demand for workers in one of Cyprus’ most labor-intensive industries.

Transportation and storage and administrative and support services followed at 3.5% each, while construction recorded a 3.1% vacancy rate. Wholesale and retail trade stood at 3%.

Hospitality And Trade Have Most Openings

Accommodation and food service activities also recorded the largest number of vacancies, with 2,827 positions. Wholesale and retail trade followed with 2,286, while construction had 1,330.

Professional, scientific and technical activities recorded 874 vacancies, followed by transportation and storage with 859, manufacturing with 854, and administrative and support services with 789.

Public administration and defense had 665 vacancies, while human health and social work activities recorded 572. Information and communication activities had 441 openings, and financial and insurance activities had 398.

Vacancy Rates Vary Widely Across Sectors

Manufacturing and human health and social work activities each recorded vacancy rates of 2.2%. Publishing, broadcasting and content production, information and communication, and public administration and defense each stood at 2%.

Water supply and waste management and professional, scientific and technical activities recorded 1.9%, while other services stood at 1.8%, financial and insurance activities at 1.7%, and arts, sports and recreation at 1.5%.

Education had a vacancy rate of 0.7%, while electricity supply and real estate activities each stood at 0.6%. Mining and quarrying recorded no vacancies.

What Counts As A Job Vacancy

Cystat defines a job vacancy as a paid position that is newly created, unoccupied or about to become vacant, where an employer is actively seeking an external candidate and intends to fill the role immediately or within a specified period.

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