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12° Nicosia,
19 January, 2025
 

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Bank of Cyprus and Hellenic Bank upgraded by Fitch

Bank of Cyprus and Hellenic Bank upgraded by Fitch

Fitch Ratings has delivered significant upgrades to the two largest Cypriot banks, Bank of Cyprus and Hellenic Bank, signaling a positive turn in Cyprus's economic landscape and a bright outlook for both financial institutions....

Unraveling the mystery of Kalogeropoulos' execution

Unraveling the mystery of Kalogeropoulos' execution

Two suspects, aged 41 and 44, were arrested in connection with the murder of Thanasis Kalogeropoulos, which took place in the coastal area of Germasogeia. Limassol CID investigators apprehended the suspects, believing that the 41-year-old suspect served as both the motorcycle's driver and the shooter who fired at Kalogeropoulos with a pistol....

President charts humanitarian path for Gaza with US Secretary of State

President charts humanitarian path for Gaza with US Secretary of State

President of the Republic, Nikos Christodoulides, presented a detailed document outlining the steps planned by the Cypriot Authorities for providing humanitarian aid to Gaza during his meeting with US Secretary of State, Antony Blinken....

Hunter kicks off season with gunshot wound to leg

Hunter kicks off season with gunshot wound to leg

A hunter was rushed to the hospital on Sunday, November 5, after suffering a gunshot wound, marking the opening day of the hunting season for hare and partridge....

Two-week lifeline as ''Aphrodite'' negotiations extend amid deadlock

Two-week lifeline as ''Aphrodite'' negotiations extend amid deadlock

With the deadline for Chevron's proposal on the ''Aphrodite'' reservoir set to expire on Sunday, November 5, negotiations between the Republic of Cyprus and the consortium of ''12'' (Chevron, Shell, NewMed) led by the American giant for the development of the reservoir seem to remain in a deadlock. ...

Get ready for some weather fun!

Get ready for some weather fun!

Today's weather is looking good with mainly clear skies, and you might spot a few fluffy clouds, especially out west and up north. The winds are playing a little game of "Guess the Direction" – they'll start from the southwest to northwest, and they'll be light to moderate, occasionally spicing things up to a 3 to 4 Beaufort....

Gaza's clean water shortage sparks health emergency

Gaza's clean water shortage sparks health emergency

Palestinians who fled to southern Gaza, after warnings from Israel to leave their homes, are standing in line for hours to get contaminated water they believe is making them ill....

Nicosia chosen for EU's Intelligent Cities Challenge

Nicosia chosen for EU's Intelligent Cities Challenge

According to a press release issued by the Municipality of Nicosia, "the proposal has been selected to receive guidance from Commission experts for the creation of Local Green Deals, placing Nicosia at the forefront of the green and digital transition"....

Arrests made in mafia murder of Thanasis Kalogeropoulos

Arrests made in mafia murder of Thanasis Kalogeropoulos

In a shocking turn of events surrounding the mafia murder of Thanasis Kalogeropoulos, which occurred on Monday, October 30th, on the Amathus beach boulevard in Limassol, authorities have apprehended two Greek Cypriots, aged 41 and 44....

'Standing pods' and 'robot flight attendants' on 2050 airline cabins

'Standing pods' and 'robot flight attendants' on 2050 airline cabins

Artificial intelligence can be brutally honest and play up to stereotypical views - as Irish budget airline Ryanair found out recently....

Christodoulides discusses humanitarian corridor to Gaza with US official

Christodoulides discusses humanitarian corridor to Gaza with US official

In a telephone conversation on Friday, President Nicos Christodoulides of the Republic of Cyprus and the US Assistant Secretary of State for Political Affairs, Victoria Nuland, deliberated on the Middle East situation and the Republic of Cyprus' endeavor to establish a humanitarian corridor spanning Cyprus, culminating in Gaza....

Fitch upgrades Hellenic's long-term rating to ''BB+'' with stable outlook

Fitch upgrades Hellenic's long-term rating to ''BB+'' with stable outlook

In a recent announcement, Fitch Ratings raised Hellenic Bank's long-term rating from "BB-" to "BB+" and assigned a stable outlook to the bank. The agency also upgraded the bank's Viability Rating (VR) to "bb+" from "bb-."...

Appeals court rejects extradition of Israeli diamond tycoon to Romania

Appeals court rejects extradition of Israeli diamond tycoon to Romania

The Court of Appeal in Cyprus has overturned a previous ruling and rejected the extradition of Israeli diamond tycoon Benny Steinmetz to Romania. Steinmetz had been convicted in absentia in Romania on charges of fraud related to land deals that transpired between 2006 and 2008, resulting in a five-year prison sentence issued in December 2020....

Schools kickstart A/C installations in major upgrade

Schools kickstart A/C installations in major upgrade

The installation of air conditioners in schools is beginning, as announced by Government Spokesman Konstantinos Letibiotis during a regular journalist briefing. ...

COVID-19 cases decline, yet vaccine turnout falls short

COVID-19 cases decline, yet vaccine turnout falls short

In a recent report, Cyprus has seen a decline in COVID-19 cases and a drop in the positivity rate, according to official data from the Ministry of Health. Data from October 20th to October 26th, 2023, revealed 838 reported cases, with the positivity rate decreasing to 3.2%, compared to 3.6% the previous week....

Cyprus rcords remarkable 17.4% decrease in registered unemployed

Cyprus rcords remarkable 17.4% decrease in registered unemployed

In October 2023, the number of registered unemployed persons in Cyprus exhibited a significant decline, marking a 17.4% decrease, equivalent to 1,951 individuals, as reported by the Statistical Office. ...

Hezbollah leader commends Hamas for October 7 attack

Hezbollah leader commends Hamas for October 7 attack

Hezbollah leader Hassan Nasrallah delivered a significant speech following four weeks of conflict in Gaza, addressing the ongoing war's regional implications and expressing support for Hamas' actions...

Larnaca welcomes the 'Museum of the Moon' by Luke Jerram

Larnaca welcomes the 'Museum of the Moon' by Luke Jerram

An extraordinary and captivating event is set to grace the coastal city of Larnaca, as the organizers of the Larnaca Biennale prepare to unveil a remarkable experience that will bring the moon closer to Earth, albeit metaphorically....

Mafia murders puzzle investigators

Mafia murders puzzle investigators

The mafia murder of Alexis Mavromichalis, known as ''Alexoui,'' inside his apartment on Tuesday night in Verenikis Street, Acropolis, presents a challenging case for Nicosia CID investigators. ...

The Israeli army on 'very high alert' along the northern border with Lebanon

The Israeli army on 'very high alert' along the northern border with Lebanon

The Israeli army has announced a state of "very high alert" along the country's northern border with Lebanon. They have also stated their readiness to respond to any incident that may occur in the region....

A legal dilemma impacts children of mixed marriages in Cyprus

A legal dilemma impacts children of mixed marriages in Cyprus

A legal gray area exists for children of mixed marriages in Cyprus, particularly those involving a Greek Cypriot parent and a parent who arrived in Cyprus through migratory flows, categorized as irregular, ...

EY Cyprus Unveils EY Academy of Learning and Development: Pioneering Excellence in Learning and Development

EY Cyprus Unveils EY Academy of Learning and Development: Pioneering Excellence in Learning and Development

EY is proud to announce the launch of the EY Academy of Learning and Development. The announcement took place during an exclusive event held on November 2, 2023, at Lemon Park in Nicosia....

Hellenic employees want share of bank's excess profits

Hellenic employees want share of bank's excess profits

The Cyprus Bank Employees' Union (CBCU) has called for a three-hour work stoppage at all Hellenic Banks on Monday, November 6, 2023, from 3:00 p.m. to 6:00 p.m....

Sea-lice disaster hits Iceland's prominent salmon farm

Sea-lice disaster hits Iceland's prominent salmon farm

Images of severely diseased, dead and dying salmon at an Icelandic fish farm, obtained by the Guardian, have been described by one veterinary expert as an “animal welfare disaster” on a scale never previously seen....

Police officer under the influence of drugs

Police officer under the influence of drugs

A female police officer in the Limassol district has been suspended after testing positive for drugs....

Energy Minister urges Chevron to honor agreement for Aphrodite field development

Energy Minister urges Chevron to honor agreement for Aphrodite field development

Energy Minister George Papanastasiou has issued new communications to Chevron, the operator of the Aphrodite field, from the Parliament ahead of the crucial meeting with Chevron's Chairman, Clay Neff. ...

Murders shake Cyprus, prompting reflection on crime and leadership

Murders shake Cyprus, prompting reflection on crime and leadership

In a shocking turn of events, two murders occurred within a span of just a few hours, stealing the limelight from the ongoing turmoil in neighboring Israel and evoking grim memories of times long past. ...

Crypto 'wonder boy' Sam Bankman-Fried convicted in $8 billion fraud

Crypto 'wonder boy' Sam Bankman-Fried convicted in $8 billion fraud

Sam Bankman-Fried, the former billionaire founder of FTX, a prominent cryptocurrency exchange, was found guilty on Thursday of orchestrating one of the most significant financial frauds in history....

PPC becomes new owner of ''Kotsovolos'' in €200 million deal

PPC becomes new owner of ''Kotsovolos'' in €200 million deal

In a significant development, PPC, the Greek energy company, has emerged as the new owner of the popular retail brand "Kotsovolos." This transition was facilitated through a deal with the British group Currys, valuing the acquisition at €200 million, entirely free from loans and lease obligations....

President Christodoulides hails unprecedented ties between Cyprus and US

President Christodoulides hails unprecedented ties between Cyprus and US

Relations between Cyprus and the United States are today at the highest level than ever before, President Nikos Christodoulides said on Thursday evening, addressing a Gala dinner at the Presidential Palace, organised by AHEPA Cyprus in memory of businessman Photos Photiades....

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