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12° Nicosia,
19 January, 2025
 

News Stream

January Newsletter of K. Treppides & Co Ltd - 03/01/2025

January Newsletter of K. Treppides & Co Ltd - 03/01/2025

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. ...

Cyprus National Guard to modernize with U.S. arms

Cyprus National Guard to modernize with U.S. arms

The Republic of Cyprus’ formal accession to the U.S. Foreign Military Sales programs, Excess Defense Articles, and Title 10 security assistance programs marks a significant milestone in the strategic strengthening of relations between Nicosia and Washington. ...

Over 69,000 migrants arrive in East Med as Cyprus faces rising numbers

Over 69,000 migrants arrive in East Med as Cyprus faces rising numbers

In 2024, Cyprus found itself in a challenging situation as one of the two EU regions where irregular arrivals of migrants and refugees actually increased, according to new data from Frontex, the European Border and Coast Guard Agency....

Car fire shuts down lane on Nicosia-Larnaca highway

Car fire shuts down lane on Nicosia-Larnaca highway

A vehicle fire on the Nicosia-Larnaca highway caused some disruption this morning, leading to the closure of one lane just before the Rizoelia roundabout....

Unions push back on new foreign worker rules

Unions push back on new foreign worker rules

Trade unions are clashing over the proposed framework for regulating the employment of workers from third countries. ...

Sunny skies with a dusty twist

Sunny skies with a dusty twist

Good morning, Cyprus! It’s a mostly sunny day ahead, but don’t let the clear skies fool you—there’s a fine layer of dust hanging around in the atmosphere. If you’re planning outdoor activities, keep that in mind and maybe reach for your mask if you’re sensitive to dust....

US greenlights defense aid to Cyprus in historic move

US greenlights defense aid to Cyprus in historic move

The White House has announced a landmark decision that directly impacts Cyprus and its role in the Eastern Mediterranean....

Israel and Hamas agree to ceasefire and hostage exchange

Israel and Hamas agree to ceasefire and hostage exchange

Israel and Hamas have struck a pivotal agreement to end the fighting in Gaza, marking a potential conclusion to a 15-month-long war that has devastated the region....

TikTok faces U.S. shutdown by this Sunday: Could Europe be next?

TikTok faces U.S. shutdown by this Sunday: Could Europe be next?

TikTok, the global social media sensation with 170 million monthly users in the U.S., is set to shut down its operations in America this Sunday, Jan. 19....

Cabinet greenlights bold bills to empower breastfeeding mothers

Cabinet greenlights bold bills to empower breastfeeding mothers

The Cabinet on Wednesday approved two Ministry of Health bills designed to revolutionize public and workplace support for breastfeeding in Cyprus....

Outrage in Nicosia as neo-Nazi symbols deface village buildings

Outrage in Nicosia as neo-Nazi symbols deface village buildings

Several buildings in the village of Deftera, located in the Nicosia district, were defaced with Nazi symbols and slogans....

Poland's Tusk accuses Russia of planning acts of air terror

Poland's Tusk accuses Russia of planning acts of air terror

Polish Prime Minister Donald Tusk accused Russia on Wednesday of orchestrating sabotage, including ''acts of air terror'' targeting airlines worldwide....

Cyprus to begin installing smart meters in February

Cyprus to begin installing smart meters in February

Starting on February 1st, the Electricity Authority of Cyprus (EAC) will begin installing smart meters in homes and businesses across the island....

Your Direct Path to Dubai Through IFZA

Your Direct Path to Dubai Through IFZA

LLPO Law Firm is proud to organise a Free Business Networking Event in Cyprus, in collaboration with IFZA Dubai (an International Free Zone Authority),...

Greek Navy’s new frigates: A tribute to heroes from ancient history

Greek Navy’s new frigates: A tribute to heroes from ancient history

The Greek Navy’s ambitious construction program for its 3+1 state-of-the-art Belharra frigates is well underway in Lorient, France. These advanced naval assets are set to significantly enhance the Greek Navy's operational capabilities, extending its reach far beyond the Aegean Sea....

Larnaca Marina set for €1.5 million upgrade

Larnaca Marina set for €1.5 million upgrade

The Council of Ministers has approved €1.5 million for the dredging and renovation of Larnaca Marina, Transport Minister Alexis Vafeades announced on Wednesday....

Japan unrolls eco-friendly toilet paper made from used diapers

Japan unrolls eco-friendly toilet paper made from used diapers

A team of local governments and private firms in Japan has developed the world's first toilet paper made from materials including used diapers, and has high hopes the initiative will help protect the environment....

Biden announces $770 payments for California wildfire victims

Biden announces $770 payments for California wildfire victims

In an effort to provide swift relief to those affected by California's devastating wildfires, President Joe Biden announced one-time payments of $770 for victims....

Heading to the Greek islands? Ferry prices are going up

Heading to the Greek islands? Ferry prices are going up

If you’re dreaming of sailing to Greece’s picturesque islands, it’s time to budget a little extra. ...

Greek Cypriot taxi driver arrested for human trafficking

Greek Cypriot taxi driver arrested for human trafficking

A Greek Cypriot taxi driver was arrested yesterday in the occupied territories for "violating a restricted area of the first degree" and "human trafficking" after two women were found in the trunk of his vehicle....

Offside with the taxman as football execs face €35.5M penalty shootout

Offside with the taxman as football execs face €35.5M penalty shootout

The technocrats of the Tax Department are continuing the process of finalizing indictments against football clubs....

Flu season claims 10 lives in Cyprus

Flu season claims 10 lives in Cyprus

Cyprus has seen 10 deaths this flu season from complications related to the virus, according to Elisabeth Constantinou, the Director of Medical Services at the Ministry of Health....

Cyprus banks see €1 billion in profits as NPL's decline in 2024

Cyprus banks see €1 billion in profits as NPL's decline in 2024

Cypriot banks reported impressive financial growth in the first nine months of 2024, with total profits reaching €952.5 million after taxes, a sharp rise from €602.92 million by mid-year. ...

10,000 migrant departures in 2024, asylum applications drop 41%

10,000 migrant departures in 2024, asylum applications drop 41%

Cyprus has seen a significant reduction in asylum applications and migrant arrivals in 2024, according to Deputy Minister for Migration and International Protection, Nicolas Ioannides. ...

Spanish parliamentary leader visits Pournara Migrant Center

Spanish parliamentary leader visits Pournara Migrant Center

The President of Spain’s Congress of Deputies, Francina Armengol Socias, visited the Pournara First Reception Centre in Cyprus on Tuesday, shedding light on the shared challenges of migration faced by both countries. ...

Poland to prioritize security on all fronts during its EU presidency

Poland to prioritize security on all fronts during its EU presidency

Poland has laid out an ambitious roadmap for its 2025 Presidency of the Council of the European Union, with security taking center stage. Ambassador Marek Szczepanowski presented the priorities on Tuesday at the House of Europe in Nicosia, under the presidency’s guiding motto: “Security, Europe!”...

Bomb explosion targets empty Limassol home

Bomb explosion targets empty Limassol home

A bomb explosion in the early hours of Wednesday, January 15, shook the Limassol district, targeting the home of a 34-year-old woman. While the property is newly built and uninhabited, the incident has sparked intense police scrutiny....

Dusty skies and clear views: A mixed weather bag for Cyprus

Dusty skies and clear views: A mixed weather bag for Cyprus

Good morning and happy Wednesday! Let’s talk weather—and heads up, there’s some fine dust in the air today, so take precautions if you're sensitive....

President's banking measures spark surge in first-home loans

President's banking measures spark surge in first-home loans

President Nikos Christodoulides' efforts to support citizens through new banking measures are beginning to yield results. Meetings held in December with the CEOs of Cyprus’ two major banks, Bank of Cyprus (BoC) and Hellenic Bank (HB), appear to have sparked a tangible interest in first-home mortgage schemes....

Grave mistake in Larnaca village as wrong coffin delivered to funeral

Grave mistake in Larnaca village as wrong coffin delivered to funeral

In what can only be described as a scene from a dark comedy, a funeral in the quiet village of Kellia, Larnaca District, took an unexpected and macabre turn when the wrong coffin was delivered to the service....

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