Two armed men stormed a Limassol home on Thursday evening, beating and robbing its residents.
The men, who wore hoods and carried a shotgun and a knife, assaulted the Russian couple inside their Pissouri home at 10pm.
Both the husband, 58, and his 54-year-old wife were beaten and then tied by the assailants who ransacked the house.
The men took between around €20,000 in cash, jewellery, three mobile phones and two electronic devices, police said.
The couple managed to free themselves after the assailants left.
Following the arrival of the police, they were taken to Limassol general hospital where they were treated for bruises.
On Friday police issued arrest warrants for two Georgian men, aged 34 and 23, who have been implicated in similar cases in the past.