Central Bank of Cyprus launches tender for three-year insurance contracts with option for extension
The Central Bank of Cyprus (CBC) has initiated a tender (19/2026) to appoint insurance providers for contracts initially set to cover three years, with an option to extend for an additional three years. The tender process involves a competitive negotiation phase, focusing on both the quality of proposals, which will account for 70% of the assessment, and pricing, making up the remaining 30%.
The tender is segmented into separate insurance categories, allowing companies to apply for one or multiple sections. Interested providers must first submit applications and required documents to the CBC before being invited to submit initial offers. These offers will form the basis for subsequent negotiations.
CBC has made tender documents available electronically since October 2, 2026, and companies must provide designated contact details to ensure they receive updates or clarifications. All applications must be delivered in sealed envelopes to the CBC’s tender box in Nicosia by the deadline specified in the tender documents. The bank also plans to shorten the deadline for submitting initial offers through mutual agreement with participating companies.
CYPRadar is a state-of-the-art, AI-powered Cyprus news aggregator that automatically crawls, filters, and translates local updates in real time. By continuously scanning a wide range of trusted Cypriot media outlets, blogs, and official RSS feeds, the platform identifies original stories and uses advanced language models to filter out duplicate coverage. The service then generates concise, objective summaries, ensuring that readers get a quick and clear understanding of every significant event without information overload.
The primary mission of CYPRadar is to provide comprehensive, multi-language coverage of Cyprus news to keep both residents and international visitors well-informed. The platform covers key events across all major cities and districts, including Nicosia, Limassol, Larnaca, Paphos, and Famagusta. By offering all updates simultaneously in five languages — English, Russian, Greek, Ukrainian, and Turkish — CYPRadar bridges communication gaps and ensures that everyone has equal access to critical local information, from policy changes to community events.
Monitor economic trends, financial regulations, and business news in Cyprus. Follow corporate developments, banking sector updates, inflation reports, tax changes, investment growth, and real estate market performance.