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1. Will Fredriksen Group set sail for Cyprus?

The Fredriksen Group, led by prominent shipping magnate John Fredriksen, is contemplating relocating a significant portion, if not all, of its shipping operations from Norway to Cyprus, citing dissatisfaction with Norway's framework conditions....

2. Cyprus showcases business potential at Japan forum

Cyprus Energy, Commerce, and Industry Minister George Papanastasiou showcased Cyprus as a prime international business hub during the Cyprus-Japan Business Forum in Tokyo....

3. €26,340 in bounced checks in March

In March 2024, a total of 15 bad cheques, amounting to €26,340, were issued, with 6 individuals (5 legal entities and 1 natural person) being listed in the preliminary registry of the Central Information Register (CIR) for dishonoured cheques. ...

4. Cyprus maritime sector advances amidst ambitious goals

''Without a doubt, we take pride in the achievements of the past 60 years. Our ambition is to set even higher targets and strengthen the competitiveness of Cypriot shipping,...

5. Peek into February 2024's hottest real estate deals

Ask Wire, a company blending real estate expertise with technology, has compiled and published data on the 10 most expensive real estate transactions completed in February 2024 and the total value of the top 10 sales by province....

6. February's financial flaws expose 16 bad checks, €19,388 lost

In February 2024, a total of 16 bad cheques, amounting to €19,388, were issued, with 9 individuals (7 legal entities and 2 individuals) being listed in the preliminary registry of the Central Information Register (CIR) for dishonoured cheques....

7. South Korea launches first self-sailing container ship

South Korea's strides in maritime technology are showcased with the development of a groundbreaking container ship capable of autonomous navigation, marking a significant leap forward in the industry, ...

8. Cyprus paves the way in its ambitious road infrastructure agenda

In an exclusive interview with Maria Eracleous of ''K,'' Eleftherios Eleftheriou, Director of Cyprus's Public Works Department, provided updates on critical infrastructure projects across the island nation....

9. Athens dinner marks 60 years of Cyprus ship registry

The Deputy Ministry of Shipping held a dinner in Athens on Tuesday, in the presence of Deputy Minister of Shipping of the Republic of Cyprus Marina Hadjimanolis, to mark the 60th anniversary since the establishment of the Cyprus Ship Registry....

10. Asylum appeals in Cyprus skyrocket to 472%

A dramatic increase of 472% in appeals before the Administrative Court of International Protection by asylum seekers and foreigners has been reported between 2020 and 2023,...

11. SAFE BULKERS Inc launches deck officer training scholarship program

In a bid to foster interest in maritime professions among young individuals and align with environmental, social, and corporate governance goals, Polly Hatzioannou's company, SAFE BULKERS Inc., has announced the initiation of the Deck Officer Training Scholarship program....

12. Cyprus adapts to changing seas

In response to European sanctions on Russian shipping companies based in Cyprus and developments in the Mediterranean and the Red Sea, Cyprus is actively seeking to attract new companies from different markets....

13. SafeBulkers Inc. boosts Cypriot fleet with modern ships

In a strategic move to fortify the Cypriot flag, Safebulkers Inc., a prominent shipping company, has added two state-of-the-art vessels to its fleet....

14. Lebanon rejects immediate return of migrants from Cyprus

15. Parliament passes law to remove property restrictions in Occupied Areas

In a unanimous decision, the Plenary Session of the Greek Parliament passed a law abolishing the right of encumbrance of ''memorandum'' on properties held by banks and credit acquisition companies, located in the occupied territories. ...

16. Tenants urge Parliament for fairness amid €150 to €2,800 spikes

The Professional Committee for the Management of Turkish Cypriot Properties in Limassol has reported significant rent hikes for commercial assets....

17. Parliament enacts law granting tax exemption on loan repayments

The House of Representatives has unanimously approved a law exempting individuals who sold real estate or transferred shares to repay Non-Servicing Loans from the 0.4% tax designated for the Central Equal Weight Sharing Agency...

18. Cyprus backs UN resolution condemning Houthi attacks on Red Sea shipping

The Cypriot registry seems to remain unaffected for the time being by the latest developments in the Red Sea......

19. Cyprus witnesses 356 bounced cheques, yet a €1.7M surge

In a recent disclosure, the Cyprus Central Bank unveiled a decrease in the issuance of uncovered checks during 2023, reporting a total of 356 compared to the previous year's 473. ...

20. 'One Stop Shipping Centre' launched to boost competitiveness

The One Stop Shipping Centre has set sail in Cyprus, marking a significant development for the Cypriot shipping industry. Launched by the Deputy Ministry of Shipping under the President of the Republic,...

21. Companies spared fines for real beneficiaries registry

In light of recent reports, the Department of Companies and Intellectual Property (DCIP) in Cyprus provides updates on the implementation of Law 188(I)/2007 addressing the Prevention and Combating of Money Laundering....

22. Cyprus real estate booms in Q3 2023

Cyprus experienced a real estate boom in the third quarter of 2023, with housing prices soaring and a surge in demand from both domestic and foreign buyers, according to data released by the Central Bank of Cyprus (CBC) on Wednesday....

23. Landlords urged to be reasonable when pricing rentals

Marinos Keynegirou, the president of the Real Estate Registration Council, warns of escalating prices and dwindling demand in the real estate market's fourth quarter....

24. New online service for 2024 European Elections

The Ministry of Interior announced on Tuesday the operation of the electronic information service for registration in the special electoral roll for the 2024 European elections of citizens, who reside in areas where the Government of the Republic does not exercise effective control. ...

25. Surge in bounced checks worth €1.6 million in 2023

26. Land sales to foreigners restricted in occupied territories

Dursun Oguz, the interior minister, announced new restrictions on land sales to foreigners in the occupied territories during his visit to Ankara....

27. Protecting citizens' information in Cyprus under scrutiny

The water leak at the Ministry of Finance in Cyprus has exposed broader issues in the country's digital services, raising concerns about both physical infrastructure protection and the safeguarding of citizens' data....

28. A 'golden knowledge program' vs. a 'golden passport program'

In a recent session, the Cyprus Parliament passed a DIKO (Democratic Party) law proposal to amend the Law on the Civil Registry, focusing on modernizing the existing legal framework for the naturalization of foreigners. ...

29. Open University of Cyprus fined €45,000 for data breach

The Open University of Cyprus has incurred a €45,000 fine from Commissioner for Personal Data Protection, Irini Loizidou, in connection with a cyber-attack that transpired in March....

30. Partial reports of recent cyberattacks in Cyprus to be made public

Commissioner for Personal Data Protection, Irene Loizidou Nicolaidou, informed the Parliament's Finance Committee that reports on cyberattacks targeting the Land Registry, University of Cyprus, and Open University...