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12° Nicosia,
01 November, 2024
 

News Stream

Public sector salaries to increase by 1.5%, costing €52.7 million

Public sector salaries to increase by 1.5%, costing €52.7 million

A proposed 1.5% pay raise for public sector employees in Cyprus will cost the state about €52.7 million over the next two years. This increase is set to start on October 1, 2024....

Turkish warships to anchor in occupied Cyprus for naval celebrations

Turkish warships to anchor in occupied Cyprus for naval celebrations

The Turkish warships TCG Meltem (P-334) and TCG Bartın (F-504) are set to anchor in the occupied territories on September 27 as part of celebrations marking the ''Victory of Preveza'' and the ''Day of the Naval Forces,'' according to a report by Bayimsiz Gazette....

Cyprus banks have €28.7 billion in cash and liquidity

Cyprus banks have €28.7 billion in cash and liquidity

The amount of liquidity in Cyprus's banking system rose to €28.7 billion in August 2024, according to the Central Bank of Cyprus (CBC). This increase was fueled by a growth in deposits alongside a decline in loans....

Cypriot MEP questions fairness of auditor general’s firing

Cypriot MEP questions fairness of auditor general’s firing

Cypriot Member of the European Parliament (MEP) Fidias Panayiotou has submitted a parliamentary question to the European Commission regarding the recent dismissal of Cyprus’s Auditor General, Odysseas Michaelides. ...

Convicted murderer escapes during family visit in Paphos

Convicted murderer escapes during family visit in Paphos

Authorities in Cyprus are conducting a large-scale manhunt to locate 42-year-old convicted murderer Doros Theofanous, who escaped police custody Thursday during a family visit in Choletria, Paphos. ...

127,236 people in Cyprus were at risk of poverty in 2023

127,236 people in Cyprus were at risk of poverty in 2023

Nearly 14% of people in Cyprus were at risk of poverty in 2023, according to a new report from the Statistical Service of Cyprus. This means around 127,236 individuals lived on a yearly disposable income of €11,324 or less....

Robbie Stamp to Speak at Digital Agenda Cyprus Summit 2024

Robbie Stamp to Speak at Digital Agenda Cyprus Summit 2024

Robbie Stamp, renowned for his work as executive producer of The Hitchhiker’s Guide to the Galaxy film, will be a key speaker at the Digital Agenda Cyprus Summit 2024....

Top Quality N-ice Pure Ice Cubes Present the 5th Cyprus Cocktail Festival

Top Quality N-ice Pure Ice Cubes Present the 5th Cyprus Cocktail Festival

The country’s best Cocktail Festival, now an established institution, returns for its 5th edition, offering a memorable evening with exclusive signature cocktails from 20 top bars in Cyprus and abroad. ...

Cyprus and China sign landmark air transport agreement

Cyprus and China sign landmark air transport agreement

Cyprus and China have reached a new agreement to allow more flights between the two countries, aiming to boost tourism, trade, and business cooperation....

Cyprus’ ECtHR candidate list rejected due to interview issue

Cyprus’ ECtHR candidate list rejected due to interview issue

Cyprus' list of candidates for the European Court of Human Rights (ECtHR) was rejected because one of the three nominees didn’t meet the requirements during the interview stage, according to lawyer Achilles Emilianides. ...

Sklaventis Cyprus opens new office in Limassol

Sklaventis Cyprus opens new office in Limassol

Sklavenitis Cyprus has officially inaugurated its new four-story office building in Polemidia, Limassol, which encompasses 2,000 square meters and accommodates 170 workstations. ...

Cyprus and Netherlands finalize double taxation treaty for Curacao

Cyprus and Netherlands finalize double taxation treaty for Curacao

Cyprus and the Netherlands have successfully concluded negotiations on a Double Taxation Treaty concerning Curacao, a Caribbean island that is part of the Kingdom of the Netherlands....

Traffic lights coming to Latsia-Geri roundabout

Traffic lights coming to Latsia-Geri roundabout

New traffic lights will soon be set up at the Latsion-Geriou roundabout, located near Nicosia General Hospital. This change is in response to increased traffic expected from the opening of the JUMBO store and new businesses in the area....

Amendment introduced to share geopolitical risks equally on GSI

Amendment introduced to share geopolitical risks equally on GSI

Late last night, Greece's Ministry of Environment and Energy introduced an important amendment that aims to share the geopolitical risks equally between Greece and Cyprus for the Great Sea Interconnector, ...

Two leaders, two visions for Cyprus

Two leaders, two visions for Cyprus

Significant developments emerged during the recent United Nations General Assembly (UNGA) as Turkish President Tayyip Erdogan reiterated his support for a two-state solution in Cyprus,...

Cyprus awaits response after ECHR nominees rejected

Cyprus awaits response after ECHR nominees rejected

The Council of Europe (CoE) has rejected Cyprus’s nominees for the European Court of Human Rights (ECHR), stating that not all candidates met the necessary qualifications....

Sunny skies and rising temperatures ahead

Sunny skies and rising temperatures ahead

Today’s weather will be mostly sunny with a few scattered clouds. Winds will start as light and variable at 3 Beaufort, then shift to a southwest to northwest direction, increasing to light to moderate at 3 to 4 Beaufort....

Council of Europe rejects Cyprus’s human rights Court nominees

Council of Europe rejects Cyprus’s human rights Court nominees

The Council of Europe's committee responsible for selecting judges for the European Court of Human Rights (ECHR) has recommended that Cyprus submit a new list of candidates after rejecting the current one....

President criticizes Turkey at UN, calls for peace and reunification

President criticizes Turkey at UN, calls for peace and reunification

Cyprus President Nikos Christodoulides, speaking at the UN General Assembly, criticized Turkey’s ongoing occupation of northern Cyprus and rejected Turkish President Recep Tayyip Erdogan's characterization of the 1974 invasion as a ''peace operation.'' ...

UN: Over 90,000 displaced by Israeli airstrikes on Lebanon

UN: Over 90,000 displaced by Israeli airstrikes on Lebanon

The United Nations announced Wednesday that more than 90,000 individuals have been displaced due to five days of Israeli airstrikes on Lebanon amid rising tensions in the region. The UN’s International Organization for Migration reported 90,530 newly displaced persons since Monday....

Turkish Cypriot leader calls for foreign investment

Turkish Cypriot leader calls for foreign investment

Turkish Cypriot leader, Ersin Tatar, encouraged business people to invest in his territory during the 15th Investment Conference held by the Turkey-US Business Council (TAIK). He stressed the importance of working together across different sectors for a sustainable future....

Tighter lending rules for businesses while household loans remain steady

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)....

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

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....

Illegal construction raises concerns at Latchi tourist site

Illegal construction raises concerns at Latchi tourist site

Authorities are grappling with a series of planning violations at a tourist complex in Latchi, Cyprus, being developed by Israeli interests....

Cypriots flock to Greece and Europe for October holidays

Cypriots flock to Greece and Europe for October holidays

In a report by Kathimerini's Anna Polyviou, it seems that Cypriots are already planning their next leisure trips for the 1st and 28th of October, with many taking advantage of the extended weekends for short getaways abroad....

President Christodoulides talks electricity link with Saudi FM

President Christodoulides talks electricity link with Saudi FM

Cyprus President Nikos Christodoulides met with Saudi Foreign Minister Faisal bin Farhan Al Saud on Tuesday during the United Nations General Assembly to discuss a potential electricity connection between Saudi Arabia and Cyprus....

Dr. Silas Michaelides recognized as top expert in Artificial Neural Networks

Dr. Silas Michaelides recognized as top expert in Artificial Neural Networks

Dr. Silas Michaelides, who leads the ERATOSTHENES Centre of Excellence at the Cyprus University of Technology, has been named one of the world’s top scientists in the field of Artificial Neural Networks, placing in the top 0.5% globally. ...

Thousands flee southern Lebanon amid Israeli strikes

Thousands flee southern Lebanon amid Israeli strikes

Thousands of civilians are fleeing southern Lebanon as intense Israeli airstrikes target Hezbollah positions, creating a mass exodus that has choked major roads leading to Beirut....

Julian Assange set to testify before the Council of Europe

Julian Assange set to testify before the Council of Europe

Julian Assange will testify before the Council of Europe on October 1, a key moment in his ongoing fight for justice. The founder of WikiLeaks will speak to the Committee on Legal Affairs and Human Rights at the Palace of Europe, with the session set to take place from 8:30 a.m. to 10 a.m....

Tanqueray Gin at the 5th Cyprus Cocktail Festival

Tanqueray Gin at the 5th Cyprus Cocktail Festival

The country's most popular cocktail festival, now in its 5th year, returns to offer an unforgettable evening with exclusive signature cocktails from 20 top bars from Cyprus and abroad....

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