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12° Nicosia,
19 May, 2025
 

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Zero VAT on basic daily goods goes into effect

Zero VAT on basic daily goods goes into effect

A Council of Ministers decision for a zero VAT rate on a range of basic daily goods such as bread, milk, eggs, children's food, diapers, feminine hygiene products, and adult diapers comes into effect on Friday...

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Cyprus behind on freezing Russian assets, EU official says

Cyprus behind on freezing Russian assets, EU official says

The European Union’s executive arm wants to delve deeper into why Cyprus has only frozen 100 million euros ($110 million) worth of assets belonging to Russians facing sanctions amid the war in Ukraine, the bloc’s justice commissioner said Thursday...

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Cypriot firms struggle to detach from sanctioned providers

Cypriot firms struggle to detach from sanctioned providers

The business registrar in the Republic of Cyprus has been flooded with requests from companies scrambling to make changes to their structures, after hundreds of firms on the island saw their assets frozen due to new sanctions targeting agencies viewed by Washington and London as 'Russian enablers'...

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Cypriot ex-president denies interfering in soccer probe

Cypriot ex-president denies interfering in soccer probe

Former president Nicos Anastasiades, who has denied accusations that he unlawfully interfered in a soccer match-fixing probe, engaged in a back-and-forth with his accuser after he dropped the bombshell firsthand account allegations during a public podcast...

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Russia blames US for drone attack

Russia blames US for drone attack

Russia attacked several Ukrainian cities with explosive drones overnight, though Ukraine said Thursday that it had managed to shoot most of them down. Russia called the attack payback for what it claims was an alleged attempt by Ukraine to attack the Kremlin in Moscow using drones on Wednesday....

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EU gives €60-80m to fund Hellenic defense systems

EU gives €60-80m to fund Hellenic defense systems

As part of the moves to strengthen the European defense industry, based on the increased need for defense equipment resulting from the war in Ukraine,...

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EU commissioner and Cyprus AG discuss strengthening rule of law and sanctions

EU commissioner and Cyprus AG discuss strengthening rule of law and sanctions

The Attorney General of Cyprus, George Savvidis, met with the Commissioner of Justice of the European Union, Didier Reynders, on Thursday at the Legal Service to discuss several topics of mutual concern. Subtitle: Didier Reynders and George Savvidis meet to discuss strengthening the Office of the Attorney General, reviewing decisions made under Cyprus Investment Program, and imposing sanctions against Russian and Belarusian entities in Cyprus....

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Kilicdaroglu's visa-free travel pledge to Europe unlikely to happen soon

Kilicdaroglu's visa-free travel pledge to Europe unlikely to happen soon

The pledges of the Turkish Presidential Candidate, Kemal Kilicdaroglu, made last month regarding visa-free travel with Europe within three months may not become a reality any time soon after German officials denied such claims....

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Police impersonation scam alert!

Police impersonation scam alert!

The police are urging the public to be extra cautious following new reports and complaints of a scam that continues to be perpetrated with the aim of stealing money....

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Application submitted to ''real estate committee'' for three Varosha hotels

Application submitted to ''real estate committee'' for three Varosha hotels

According to Yeni Bakis, the person who claimed to have bought three hotels in Varosha submitted an application to the ''real estate committee'' yesterday. ...

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Paris supports dialogue on Cyprus issue

Paris supports dialogue on Cyprus issue

President Christodoulides' visit to Paris to meet with French President Emmanuel Macron confirms the excellent level of bilateral relations between Cyprus and France. ...

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Brace yourself for rain and a drop in temperatures

Brace yourself for rain and a drop in temperatures

Today, the area is under the influence of weak high pressure, resulting in mostly clear skies but occasional medium and high clouds. The winds will blow mainly from the northeast to southeast, with a strength of around 3 on the Beaufort scale,...

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Chevron pushes forward with Cyprus tricky move

Chevron pushes forward with Cyprus tricky move

Chevron has reportedly started drilling a key appraisal well offshore Cyprus, a development mired in geopolitical controversy over the ethnically-split island as well as neighbor relations...

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Commissioner in Cyprus to probe Russian asset freeze

Commissioner in Cyprus to probe Russian asset freeze

Commissioner Reynders will request information on the total value of the assets of 'Russian oligarchs' in Cyprus that have been frozen by the authorities he told Cyprus News Agency in an interview, noting that so far, according to official figures 104 million euros in assets have been frozen, which is considered a low amount...

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Vulture from Spain dies of electrocution in Cyprus

Vulture from Spain dies of electrocution in Cyprus

A vulture born in Spain and released in Cyprus to help repopulate the island was tragically killed on Sunday, when the magnificent bird collided with power lines in Limassol...

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Green Line border agents get ready for action

Green Line border agents get ready for action

Over two hundred Green Line border agents will report on duty later this month on the Greek Cypriot side of the UN buffer zone, but the newly-hired sergeants will only focus on irregular migrants, leaving drug trafficking and other crimes off the agenda...

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Moscow accuses Kyiv of trying to assassinate Putin

Moscow accuses Kyiv of trying to assassinate Putin

President Vladimir Putin's office reported that Ukraine carried out two drone attacks overnight with the intention of hitting the Russian President's Kremlin residence....

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Macron affirms support on Cyprus problem

Macron affirms support on Cyprus problem

The President of France, Emmanuel Macron, expressed his support to the President of the Republic of Cyprus, Nikos Christodoulides, regarding the national problem....

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EU court rejects appeals against use of BBQLOUMI and GRILLOUMI

EU court rejects appeals against use of BBQLOUMI and GRILLOUMI

The General Court of the EU rejected two appeals made by the Foundation for the Protection of Traditional Cheese named Halloumi against the use of BBQLOUMI and GRILLOUMI by companies in Bulgaria and Sweden....

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14-year-old kills 8 classmates and security guard in Belgrade

14-year-old kills 8 classmates and security guard in Belgrade

A 14-year-old boy opened fire in his Belgrade classroom on Wednesday morning, shooting dead eight fellow pupils and a security guard in a pre-planned attack and wounding seven others, Serbian officials said....

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US McDonald's franchisee employed two 10-year-olds, broke labor laws

US McDonald's franchisee employed two 10-year-olds, broke labor laws

A McDonald's franchisee in Kentucky employed two 10-year-old children in violation of federal labor laws, the Department of Labor said Tuesday....

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Police enforcing smoking ban in closed spaces

Police enforcing smoking ban in closed spaces

Police and health officials in Cyprus have joined forces to launch a new campaign to combat smoking in closed spaces. The initiative, which began on April 28 and will run until June 17, aims to enforce the Health Protection Law and will involve inspections of nightclubs and other venues where smoking is prohibited....

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141 million people have passed through barricades in 20 years

141 million people have passed through barricades in 20 years

The Press and Information Office reported that, according to an April 29 article from the Halkin Seshi newspaper, a grand total of 141 million individuals have traversed the barricades towards the occupied or free areas since the opening on April 23, 2003....

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Sexual harassment now a separate disciplinary offence in police and fire brigade

Sexual harassment now a separate disciplinary offence in police and fire brigade

The Council of Ministers unanimously approved a proposal from the Ministry of Justice and Public Order to classify sexual harassment as a separate disciplinary offense in the Police and Fire Brigade. The decision was made during a meeting held on Tuesday....

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Temperature to rise to 30 degrees today

Temperature to rise to 30 degrees today

The temperature is set to reach 30 degrees in the interior today, Wednesday 3/5, while the weather will be predominantly clear with occasional high clouds....

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Banks announce measures on interest rates

Banks announce measures on interest rates

Since July 2022, lending rates in Cyprus have risen by 3.5%, putting borrowers in a difficult position with dangerously increasing loan repayments....

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Cyprus' 2022 household assets reach €59.7B, debt at €20B

Cyprus' 2022 household assets reach €59.7B, debt at €20B

In December 2022, the total value of financial assets held by households was €59.7 billion. Out of this amount, 62% was invested in currency, deposits, and loans, 2% was allocated to debt securities, 19% was invested in stocks, and the remaining 17% was invested in other types of financial instruments....

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More details and questions emerge in disappearance case

More details and questions emerge in disappearance case

New developments and more questions emerged on Tuesday in the disappearance of a Limassol man after police re-arrested the main suspect hours before his remand expired, with reports saying the judge heard about new incriminating statements from other jailed suspects...

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0% VAT on bread, milk, eggs and diapers

0% VAT on bread, milk, eggs and diapers

The Council of Ministers has approved a Decree during today's session, which imposes a zero VAT rate on the delivery of certain products until October 31, 2023. These products include bread, milk, eggs, baby food, baby diapers, feminine hygiene products, and adult diapers....

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More than 330,000 people displaced in Sudan due to conflict

More than 330,000 people displaced in Sudan due to conflict

Deadly conflicts in Sudan have displaced more than 330,000 people inside the country, while more than 100,000 have crossed the border to neighboring countries, the United Nations has announced....

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Ramez Naam: Solar power is getting cheaper, and Cyprus is sitting on a goldmine
BUSINESS

Ramez Naam: Solar power is getting cheaper, and Cyprus is sitting on a goldmine

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Ramez Naam: Solar power is getting cheaper, and Cyprus is sitting on a goldmine
BUSINESS

Ramez Naam: Solar power is getting cheaper, and Cyprus is sitting on a goldmine

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