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12° Nicosia,
02 April, 2025
 

News Stream

KEDIPES preps for major loan sell-off, boosting Cyprus banks

KEDIPES preps for major loan sell-off, boosting Cyprus banks

In a strategic move to streamline its assets, KEDIPES is gearing up to offload a second batch of performing loans, hot on the heels of its €58 million deal with the Bank of Cyprus....

The shocking reality of students in drug cases revealed

The shocking reality of students in drug cases revealed

Evidence of student involvement in drug trafficking and use, leading to a criminal case opened by YKAN, was presented on Wednesday by YKAN's commander, Stelios Aristideou, to the House Legal Affairs Committee....

Robbery cover or money laundering saga?

Robbery cover or money laundering saga?

A robbery in Limassol last week has taken a dramatic turn as law enforcement authorities suspect involvement in a black money laundering ring. ...

Australia and Cyprus embrace renewable energy collaboration

Australia and Cyprus embrace renewable energy collaboration

In a recent interview with GOLD magazine, Fiona McKergow, the Australian High Commissioner to Cyprus, sheds light on the burgeoning connections between the two nations....

President's ''fireside chat'' with chosen few unveils triumphs and controversy

President's ''fireside chat'' with chosen few unveils triumphs and controversy

In an interchannel interview held to evaluate the first year in office, President of the Republic Nikos Christodoulides commenced proceedings a few minutes after 20:30. ...

US Diplomat Victoria Nuland steps down amidst Russia-Ukraine controversy

US Diplomat Victoria Nuland steps down amidst Russia-Ukraine controversy

Victoria Nuland, the third-highest-ranking U.S. diplomat known for her tough stance on Russia, is set to retire from her position this month, as confirmed by the State Department on Tuesday. ...

Ursula von der Leyen in Cyprus for humanitarian corridor talks

Ursula von der Leyen in Cyprus for humanitarian corridor talks

European Commission President Ursula von der Leyen is set to visit Cyprus following the conclusion of the European People's Party summit in Bucharest, Romania, sources from EPP told Cyprus News Agency....

President Christodoulides stands firm on peace plan

President Christodoulides stands firm on peace plan

President Nikos Christodoulides vowed that he will not put before the citizens a peace plan for the Cyprus issue with which he does not agree and expressed once again his readiness to enter into reunification talks based on the agreed framework. ...

US sanctions target Intellexa over cyber spyware

US sanctions target Intellexa over cyber spyware

The United States has issued sanctions against Intellexa, linked to the black van, and other entities as part of cybersecurity principles, as revealed in a post on the U.S. Department of the Treasury's website. ...

Clouds and showers on the horizon

Clouds and showers on the horizon

So, here's the scoop on today's weather: we're looking at a mix of clouds, with some areas getting more overcast skies....

U.S. Ambassador explores Famagusta's rich heritage

U.S. Ambassador explores Famagusta's rich heritage

U.S. Ambassador to Cyprus, Julie D. Fisher, engaged in a joint exploration of the Walled City of Famagusta alongside Dr. Simos Ioannou and Dr. Süleyman Uluçay. The visit on March 5, 2024,...

Job market improves and industrial sector grows

Job market improves and industrial sector grows

In good news for Cyprus, the latest data from the Cyprus Statistical Service (CyStat) reveals a positive trend in the job market. In February 2024, the number of people registering as unemployed dropped by 13.8%...

Will Michelle Obama run for US President in 2024?

Will Michelle Obama run for US President in 2024?

Former President Barack Obama recently declared his full support for President Joe Biden's bid for re-election....

National Guard's death raises questions on Cyprus justice system

National Guard's death raises questions on Cyprus justice system

Revelations surrounding the death of National Guardsman Thanasis Nicolaou, emerging years after the incident, have sparked both sensation and concern about the functioning of the criminal justice system in Cyprus. ...

Cypriot companies lead Europe's fastest growth

Cypriot companies lead Europe's fastest growth

Two Cypriot companies have made it onto this year's list of the one thousand fastest-growing European businesses, a list compiled annually by the British newspaper Financial Times in collaboration with the German data analysis company Statista....

Fuel prices soar, consumers brace for double blow

Fuel prices soar, consumers brace for double blow

Fuel prices are on an upward trajectory week by week, with an approximate increase of 13 cents per liter. Speaking to Oriana Papantoniou on Diaspora News, Spor FM, Christodoulos Christodoulou,...

Children starving in Gaza, urges Israeli aid access

Children starving in Gaza, urges Israeli aid access

The Director-General of the World Health Organization, Tedros Adhanom Ghebreyesus, has issued a stark plea to Israel amid a mounting humanitarian crisis in Gaza. ...

FIA President investigated for alleged manipulation in F1 Grand Prix

FIA President investigated for alleged manipulation in F1 Grand Prix

Whistleblower claims Ben Sulayem intervened to overturn penalty for Aston Martin's Fernando Alonso at the 2023 Saudi Arabian Grand Prix, raising concerns about fairness in the race outcome....

Court rules against doctor in assault case

Court rules against doctor in assault case

A doctor accused of indecently assaulting a woman during a medical examination in August 2020 has been sentenced to four months in prison...

Traffic light cameras to get enhanced surveillance

Traffic light cameras to get enhanced surveillance

Cyprus is set to implement three new measures to improve its current photo-labeling system aimed at enhancing road safety. ...

Britons get first look at new banknotes featuring King Charles

Britons get first look at new banknotes featuring King Charles

Britons recently had the opportunity to preview the latest banknotes featuring King Charles III at the Bank of England's ''The Future of Money'' exhibition. ...

Police investigate possible staging in €420K robbery

Police investigate possible staging in €420K robbery

In the ongoing investigation involving a 31-year-old woman and 420 thousand euros, Police spokesman Christos Andreou revealed on Tuesday's "Alpha Kalimera" show that there's still much work to be done....

Handmade 100-Euro bills flood European cities

Handmade 100-Euro bills flood European cities

A group of counterfeiters which had been producing 100-euro bills was busted in a joint police operation involving Europol and police forces in four countries, including Greece....

Vasiliko energy project now under EU scrutiny

Vasiliko energy project now under EU scrutiny

The procedures and decisions related to Cyprus' largest energy project in Vasilikos are gaining significant attention....

Interior Minister calls for urgent refugee return evaluation

Interior Minister calls for urgent refugee return evaluation

Minister for the Interior Constantinos Ioannou raised the need to review the status of Syria as a safe or not destination for the purposes of returning of refugees and migrants, during his intervention at the Justice and Home Affairs Council of the EU, according to a press release....

Turkey's February inflation hits 67.07%, raises policy concerns

Turkey's February inflation hits 67.07%, raises policy concerns

Turkey's annual inflation rate surged to 67.07% in February, surpassing expectations and sustaining pressure for a stringent monetary policy. Finance Minister Mehmet Simsek acknowledged that inflation would remain high in the coming months due to base effects and the delayed impact of previous rate hikes....

Minister spearheads operation to curb undeclared labor

Minister spearheads operation to curb undeclared labor

In a joint effort involving the Minister of Labour and Social Insurance, Yannis Panagiotou, along with officials from the Ministry of Labour, members of the Immigration and Aliens Service, and police, a targeted operation was conducted to address undeclared and illegal work....

Christodoulides reflects on his first year in office

Christodoulides reflects on his first year in office

On the anniversary of completing one year in office, President Nicos Christodoulides is set to present his inaugural report tonight, detailing the progress made since his inauguration in the areas of Cyprus, the economy, and internal governance....

Inflation and new markets propel spending close to €3 billion in 2023

Inflation and new markets propel spending close to €3 billion in 2023

Just before the end of last summer, economic analysts' projections for 2023 tourism revenue were nearing a record close to €3 billion. ...

Deposit rates down, mortgage rates up

Deposit rates down, mortgage rates up

Deposit interest rates dropped in January, whereas lending rates rose except interest rates for consumer lending, according to data published by the Central Bank of Cyprus....

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