Alpha News

Extortion Rings Terrorize Cypriot Businesses

Published January 21, 2026, 20:22

An extensive extortion network has developed in Cyprus, with activities including arson, bombings, assaults, and shootings, aiming to gain millions of euros. Business owners are reporting a climate of terror as the rings demand money through threats and violence. Foreign entrepreneurs investing in Cyprus are particularly targeted. The absence of a specialized extortion unit within the Cypriot Police has contributed to their uncontrolled activity, while the creation of such a unit within the new Cypriot FBI is expected. Authorities recognize the seriousness of the problem and the need for effective combat against organized crime.