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12° Nicosia,
04 December, 2024
 

News Stream

Tensions flare in Baltic Sea after Russian warship fires on German helicopter

Tensions flare in Baltic Sea after Russian warship fires on German helicopter

A tense encounter between a Russian warship and a German helicopter has reportedly taken place in the Baltic Sea, sparking concern over rising tensions in the region....

Affordability, Urbanization, and Sustainability: How Real Estate in Cyprus, Greece, and Romania Will Evolve by 2029

Affordability, Urbanization, and Sustainability: How Real Estate in Cyprus, Greece, and Romania Will Evolve by 2029

The next five years will redefine the real estate markets of Cyprus, Greece, and Romania....

 Debate intensifies over proposed 5% tax on bank profits in Cyprus

Debate intensifies over proposed 5% tax on bank profits in Cyprus

According to a report by Panayiotis Rougalas in today's 'Oikonomiki', a controversial proposal to introduce a 5% tax on bank profits in Cyprus is racing against time to be debated in Parliament before the Christmas recess....

Nationally funded research project DYNAMO to redefine energy sharing within communities

Nationally funded research project DYNAMO to redefine energy sharing within communities

The first meeting of the consortium for the DYNAMO project (Decentralized Energy Management Platform for Smart Communities) was recently held, launching the project which aims to redefine energy sharing and transactions within communities....

Housing crisis looms as Limassol property prices skyrocket (video)

Housing crisis looms as Limassol property prices skyrocket (video)

Limassol has seen a dramatic surge in property prices over the past five years, with rents and home prices doubling—and in some cases, tripling....

Cyprus to host ''Battlefield Redefined 2024'' defence conference

Cyprus to host ''Battlefield Redefined 2024'' defence conference

The conference will explore cutting-edge topics, including artificial intelligence (AI), unmanned aerial and ground vehicles (UAVs and UGVs), cybersecurity, missile systems, electronic warfare, satellite technologies, and more....

Earthquake rattles Cyprus, felt strongly in Nicosia

Earthquake rattles Cyprus, felt strongly in Nicosia

An earthquake measuring 4.9 on the Richter scale shook Cyprus shortly after 11:00 AM on Tuesday, with several buildings in the capital, Nicosia, reportedly evacuated as a precautionary measure....

Intrakat’s €1 million debt to Cypriot subcontractors sparks legal action

Intrakat’s €1 million debt to Cypriot subcontractors sparks legal action

Greek-owned construction company Intrakat, which was contracted to build part of the Paphos-Polis Chrysochous motorway in Cyprus, is facing significant financial troubles, leaving behind nearly €1 million in debts to seven local subcontractors and suppliers....

Vietnamese tycoon can avoid death penalty by repaying $9 billion

Vietnamese tycoon can avoid death penalty by repaying $9 billion

Truong My Lan, a 68-year-old property tycoon from Vietnam, has been sentenced to death for embezzling a staggering $27 billion in one of the country's largest fraud cases....

Green Line regulation boosts trade, but challenges remain

Green Line regulation boosts trade, but challenges remain

The Green Line Regulation, which defines the legal framework for the movement of goods, people, and services between the government-controlled areas and the northern Turkish-occupied areas of Cyprus, remains a vital tool for the country’s reunification,...

Nicosia aims to become tourism and investment hub

Nicosia aims to become tourism and investment hub

Nicosia’s aspirations to become a vibrant hub for tourism and investment were showcased at the Annual General Meeting of the Nicosia Region Tourism Development and Promotion Company (LTO), held yesterday at the Old Town Hall....

Cyprus in turmoil as labor disputes shake key sectors

Cyprus in turmoil as labor disputes shake key sectors

According to a report by Dorita Yiannakou in today's 'Oikonomiki', labor disputes across several key sectors in Cyprus are causing widespread unrest, as workers and unions push for improved conditions and contract renewals....

''BORA'' fades, showers linger (videos)

''BORA'' fades, showers linger (videos)

The ''Boras'' storm that swept across Cyprus kept emergency services busy, with the Fire Service responding to 27 incidents caused by severe weather....

African workers unite for historic labour conference

African workers unite for historic labour conference

African migrant workers and labour activists gathered in Nicosia's Old Town on Sunday for Cyprus's first-ever African Workers’ Conference....

Thousands rally in Tbilisi for fifth night as PM condemns pro-European protests

Thousands rally in Tbilisi for fifth night as PM condemns pro-European protests

For the fifth night in a row, thousands of demonstrators filled the streets of Tbilisi, Georgia’s capital, protesting the government’s recent decision to suspend its pursuit of European Union (EU) membership....

Deal to return Parthenon Sculptures to Greece may be near

Deal to return Parthenon Sculptures to Greece may be near

A deal to return the Parthenon Sculptures, also known as the Elgin Marbles, to Greece might be closer than ever, according to a former Greek government adviser, Professor Irene Stamatoudi....

Storm 'Bora' sweeps across Cyprus (Videos)

Storm 'Bora' sweeps across Cyprus (Videos)

The low-pressure system ''Bora'' made its way to Cyprus today, bringing widespread cloud cover, rain in several areas, and a noticeable drop in temperatures. Although not as severe as its impact on Greece, the storm has already left its mark across the island....

Nicosia aims to become a model for sustainable tourism

Nicosia aims to become a model for sustainable tourism

Nicosia is positioning itself as a model for combining urban and rural tourism, offering a rich blend of cultural heritage, modern experiences, and sustainable development, according to Deputy Minister of Tourism, Costas Koumis....

South Korean President declares martial law amid political turmoil

South Korean President declares martial law amid political turmoil

South Korean President Yoon Suk Yeol declared an ''emergency martial law'' on Tuesday, accusing the opposition of undermining the government with what he described as pro-North Korean sympathies and anti-state activities....

Larnaca Marina boat owners plan protest over docking fees

Larnaca Marina boat owners plan protest over docking fees

Boat owners at Larnaca Marina are gearing up for a protest to voice their frustration over rising mooring fees. ...

Police warn of counterfeit Euro banknotes circulating ahead of holiday season

Police warn of counterfeit Euro banknotes circulating ahead of holiday season

With the festive season approaching, the Cyprus Police have issued a warning about counterfeit euro banknotes circulating in the country....

Heartbreak in Cyprus: 36-year-old mother dies two days after giving birth

Heartbreak in Cyprus: 36-year-old mother dies two days after giving birth

A community is in mourning following the tragic death of 36-year-old Stella Michael, who passed away just two days after giving birth to her second child....

Cybersecurity and ICT risks emerge as leading drivers of operational risk

Cybersecurity and ICT risks emerge as leading drivers of operational risk

Geopolitical tensions have significantly increased operational risks, particularly in the areas of cyber and digital threats, as well as risks related to money laundering and sanctions compliance....

Cyprus-born cleric elected as new Metropolitan of Atlanta

Cyprus-born cleric elected as new Metropolitan of Atlanta

As the result of a recent election, the Holy and Sacred Synod of the Ecumenical Patriarchate has named Bishop Sevastianos of Zela as the new Metropolitan of Atlanta....

Bird conservation heroes fight poaching in Cyprus

Bird conservation heroes fight poaching in Cyprus

In Cyprus, the battle against illegal bird trapping continues with determination and success, thanks to the tireless efforts of the Committee Against Bird Slaughter (CABS)....

Minimum income recipients allegedly renting T/C properties for pennies

Minimum income recipients allegedly renting T/C properties for pennies

A shocking new controversy has emerged involving recipients of the minimum guaranteed income who are allegedly renting valuable Turkish Cypriot properties for an incredibly low price. ...

Storm warning in effect as ''BORA'' hits Cyprus

Storm warning in effect as ''BORA'' hits Cyprus

A yellow storm warning has been issued for today, with conditions expected to deteriorate throughout the day. ...

Cypriot antiquities return home from the UK

Cypriot antiquities return home from the UK

In a heartwarming and significant step for Cyprus, a collection of ancient Cypriot antiquities has been successfully repatriated from the United Kingdom....

From Apostolos Andreas' bus breakdown to political meltdowns

From Apostolos Andreas' bus breakdown to political meltdowns

A pilgrimage to Apostolos Andreas—may his blessings abound—took an unexpected turn when the bus broke down. ...

Government expands subsidized electricity rates for vulnerable households

Government expands subsidized electricity rates for vulnerable households

The Cyprus Electricity Authority (EAC) announced an important update regarding its special household tariff for vulnerable consumers, known as Code 08...

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