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12° Nicosia,
21 May, 2025
 

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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-."...

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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....

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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. ...

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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....

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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. ...

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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...

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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....

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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. ...

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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....

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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, ...

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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....

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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....

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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....

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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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UK accused of turning a blind eye to Israel-Palestine war

UK accused of turning a blind eye to Israel-Palestine war

Concerns that the UK Foreign Office has neglected the Israel-Palestine conflict in its tilt to the Indo-Pacific and the pursuit of trade deals across the Middle East is to be investigated by the foreign affairs select committee....

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New US sanctions target Cyprus over Russia connections

New US sanctions target Cyprus over Russia connections

Four individuals and two legal entities related to Cyprus are included in a new US list of sanctions imposed due to Russia's offensive against Ukraine....

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Reduced fuel and heating oil prices come into effect today

Reduced fuel and heating oil prices come into effect today

The excise tax on fuel and heating oil in Cyprus has been reduced by 8.33 and 6.39 cents per litre, respectively, as announced by the government on October 19....

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Sunny skies with occasional clouds

Sunny skies with occasional clouds

The weather forecast for this Friday and the upcoming weekend offers a mixed bag of conditions, including partly cloudy skies, isolated rain, and rising temperatures....

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Will Czech Republic embrace the euro?

Will Czech Republic embrace the euro?

Despite being part of the European Union for nearly two decades, the Czech Republic remains staunchly opposed to adopting the euro as its official currency. ...

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Cyprus records €253.8M in new loans for September 2023

Cyprus records €253.8M in new loans for September 2023

Pure new loans in September 2023 increased to €253.8 million compared to €207 million in August 2023, according to the latest data released by the Central Bank of Cyprus on Thursday. ...

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UN's Lacroix visits Pyla

UN's Lacroix visits Pyla

Under-Secretary-General for Peace Operations Jean-Pierre Lacroix who has been on the island since yesterday, visited Pyla....

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Israel rejects Gaza ceasefire according to Hamas

Israel rejects Gaza ceasefire according to Hamas

The first British nationals have left Gaza via the Rafah border crossing from the Strip into Egypt, the Foreign Office has said....

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ENI launches Cyprus drilling operation at Kronos-2

ENI launches Cyprus drilling operation at Kronos-2

The Transocean Barrents floating drilling rig has set sail from Limassol and is en route to the Kronos field. It will conduct drilling operations on behalf of the Italian company ENI at the Kronos-2 target in Block 6 of the Cypriot Exclusive Economic Zone (EEZ), approximately 160 kilometers southwest of Cyprus, according to a report from CNA....

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Cyprus emerges as NATO's secret ally in Middle East evacuations

Cyprus emerges as NATO's secret ally in Middle East evacuations

The significant role of Cyprus in evacuating and rescuing US and Western countries from Israel and Lebanon has garnered attention recently....

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Groundbreaking gene therapy restores hearing in deaf children

Groundbreaking gene therapy restores hearing in deaf children

In China, a true medical breakthrough has been achieved in a human trial that had as many as 10 children born deaf have their hearing restored through a genetic therapy method....

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UN Under-Secretary-General navigates key agreements and envoy talks

UN Under-Secretary-General navigates key agreements and envoy talks

Jean-Pierre Lacroix, UN Under-Secretary-General for Peace Operations, who is carrying a three-day visit to Cyprus will visit the area of Pyla and the fenced-off city of Varoshia....

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Tatar's two-state solution push for Cyprus

Tatar's two-state solution push for Cyprus

Ersin Tatar, the leader of the Turkish Cypriots, emphasized the challenge of reuniting after 60 years, stating that there is little common ground left for such a reunion. He argued that there are now two separate states in Cyprus, highlighting the need for a new policy on this basis....

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More illegal migrants repatriated from Cyprus

More illegal migrants repatriated from Cyprus

In a joint operation coordinated by the European agency FRONTEX, 14 third-country nationals who were residing unlawfully in Cyprus were repatriated to their respective countries today....

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Producers and importers join forces to tackle tobacco product waste

Producers and importers join forces to tackle tobacco product waste

Producers and importers of tobacco products with filters have embarked on a significant environmental initiative, aligning themselves with the European Directive 2019/904/EU....

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Private labels dominate market as e-kalathi falters

Private labels dominate market as e-kalathi falters

Disagreements over the specifics and philosophy of the bill concerning the creation of the e-kalathi electronic platform have led to an ongoing debate in the House Commerce Committee. ...

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Hellenic Bank and Eurobank Cyprus to merge under one name: Eurobank
BUSINESS

Hellenic Bank and Eurobank Cyprus to merge under one name: Eurobank

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File photo of Patriot missile (Facebook)
NEWS

EU to welcome Turkey into defense programs despite Greek, Cypriot opposition

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