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31. Naomi Campbell banned from charity role for misusing funds

Supermodel Naomi Campbell has been banned from serving as a trustee for any charity for five years after an investigation revealed significant financial misconduct within her organization, Fashion For Relief....

32. Freedom24 Reaches 300,000 Customers Milestone

We are thrilled to announce that the number of users on the innovative Freedom24 trading platform has surpassed 300,000. This significant achievement underscores our platform's technological superiority and the growing trust and confidence of our customers....

33. Tighter lending rules for businesses while household loans remain steady

Cypriot banks made it harder for businesses to get loans in the second quarter of 2024, while lending rules for households stayed the same, according to a new survey by the Central Bank of Cyprus (CBC)....

34. Cyprus falls behind on EU recovery plan, meets only 5% of targets

In today's 'Oikonomiki', Panayiotis Rougalas reports that Cyprus has only achieved 5% of the milestones outlined in its Recovery and Resilience Plan (RRP), falling far behind other European Union countries in implementing reforms tied to the EU’s Next Generation funding program....

35. CERA approves €125M for Cyprus-Crete power link

The Cyprus Energy Regulatory Authority (CERA) has approved an annual investment recovery of €25 million for the Cyprus-Crete electricity interconnection project, also known as the Great Sea Interconnector (GSI), covering the period from January 1, 2025, to December 31, 2029....

36. EU cuts funds to Hungary over unpaid asylum fine

The European Union has begun the process of reclaiming hundreds of millions of euros meant for Hungary after the country's government refused to pay a significant fine for violating the bloc’s asylum rules....

37. EU Commission refuses Dutch request to leave asylum system

In a surprising move, the Netherlands has requested an opt-out from the EU migration and asylum system, just days after Germany reintroduced border controls. ...

38. Eurobank and India collaborate to create strategic business council

Mr. Ioannou raised concerns about whether the bank has a plan to maintain its strong profitability, which has largely come from rising interest rates......

39. Politics Blog: 'The end of the age of Odysseas'

The long-running saga finally came to an end today—a saga that dragged on for months in the courts, but for years in society. For those familiar with the behind-the-scenes drama and the times Odysseas’ eccentric and narcissistic behavior paralyzed the state machinery, the decision was no surprise....

40. Cyprus secures majority of EU funds, with minor tax reform pending

The European Commission has given Cyprus the green light for most of its request for €152 million in funding as part of the EU’s Recovery and Resilience plan, which aims to boost economies after the pandemic. Out of 38 goals Cyprus needed to meet, 37 were approved....

41. Will the Great Sea Interconnector become another failed project?

The Cyprus-Greece electrical interconnection, known as the Great Sea Interconnector, has highlighted the challenges of publicly discussing such a significant project....

42. Homebuyers face mounting debts as developers' loans go unpaid

43. Cyprus and Greece near deal on critical electricity interconnection project

The upcoming visit of Cypriot President Nicos Christodoulides to Athens on Wednesday could mark the end of months of uncertainty surrounding the Cyprus-Crete electricity interconnection project, according to a report by Apostolos Tomaras in Sunday's Kathimerini....

44. September Newsletter of K. Treppides & Co Ltd: Financial Conduct Authority

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...

45. Famagusta, Turkey and those holy monks of Avvakoum

In Turkey, there’s still a lot of anger over Netflix's decision to include the series ''Famagusta'' in its programming. After the entire Turkish government—along with the pseudo-government in the occupied territories...

46. Cyprus faces surge in online scams

Online scams are becoming a serious issue in Cyprus, with recent data revealing a sharp increase in fraudulent activities. In the past 25 days, authorities have reported eight significant fraud cases, totaling over half a million euros in losses....

47. U.S. seizes Venezuelan President Maduro’s private jet

The United States has seized a plane used by Venezuelan President Nicolás Maduro, citing violations of U.S. sanctions and other criminal activities....

48. Banks in Cyprus contribute €1 million to install air conditioners in schools

Cyprus's major banks are stepping up to help install air conditioners in schools, contributing €1 million to the effort. The funds will be distributed equally among the School Boards of the country’s five provinces. ...

49. Cyprus powers up for a last-minute save

Nicosia has requested more time at the political level to keep the Cyprus-Crete electricity interconnection project on track, following a dispute over €100 million in project cost recovery....

50. ''Workers at Larnaca Marina were paid despite lack of work,'' says Vafeades

The €1.2 billion investment agreement with Kition for the Larnaca port and marina project is under renewed scrutiny due to the dispute involving 15 workers recently laid off. ...

51. Cyprus banks to engage with top investors in London

The investment community is turning its focus to a major conference in London, set for late September, where several Cypriot banks will be represented....

52. Greece tightens bank statement rules for schengen visa

Travelers planning to visit Greece need a Schengen visa, which permits stays of up to 90 days within a 180-day period across the Schengen Area. ...

53. Choirokoitia archaeological site in urgent need of modernization

For many years, even before independence, Cyprus Tourism and the relevant authorities have relied heavily on the "sun and sea" model, which has significantly influenced how......

54. Paphos man loses €200,000 in online fraud scheme

Police are investigating a new online fraud case involving a large sum of money after a 67-year-old man reported being swindled out of €200,000. The complaint was filed today at the Paphos Police Station, according to Cyprus Police....

55. EU demands Cyprus return €101M in energy project funds

The Republic of Cyprus is preparing to respond to the European Commission by the first week of September regarding a demand to return €101 million in funding that was allocated for the Vasilikos energy terminal, Energy, Trade, and Industry Minister George Papanastasiou said Thursday....

56. Limassol man duped out of €30,000 in cryptocurrency scam

57. EU bolsters Lebanon with €1B aid package

The European Union has begun political dialogue with the Lebanese government to implement critical reforms, backed by substantial EU funding. ...

58. Cyprus boosts R&D Funding by nearly 20%, spending €138M in 2023

Cyprus significantly boosted its investment in research and development (R&D) in 2023, with government budget allocations rising by 19.8% compared to the previous year, according to new data from Eurostat. This increase is notably higher than the average 5.3% rise observed across the European Union during the same period....

59. Kamala Harris selects Tim Walz as running mate

Viewed by many as a dark horse candidate, Illinois Gov. J.B. Pritzker has not been selected to serve as Kamala Harris’ running mate. Harris chose Minnesota Gov. Tim Walz as the Democratic Party’s vice-presidential candidate...

60. Central Bank revises GDP growth to 3%

The Central Bank of Cyprus (CBC) made a conservative upward revision to the GDP growth rate for 2024, by 0.2 percentage points, to 3%......