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12° Nicosia,
05 October, 2024
 

News Stream

Astrobank: 'Reward' plan for good borrowers

Astrobank: 'Reward' plan for good borrowers

Astrobank is currently developing a plan to reward its consistent borrowers by providing relief for those who have mortgage loans worth up to €350,000....

 |  BUSINESS
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....

 |  NEWS
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....

 |  NEWS
Employers and trade unions clash over CoLA index proposal

Employers and trade unions clash over CoLA index proposal

Today, Wednesday, May 3rd, employers will have a meeting regarding the Cost of Living Adjustment (CoLA) index, and on Thursday, May 4th, the trade unions will have theirs....

 |  BUSINESS
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....

 |  NEWS
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....

 |  NEWS
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....

 |  NEWS
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....

 |  NEWS
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...

 |  NEWS
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....

 |  NEWS
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....

 |  NEWS
Cyprus Republic not involved in the 'sale' of the 3 hotels in Varosha

Cyprus Republic not involved in the 'sale' of the 3 hotels in Varosha

Today, a scheduled meeting was held at the Ministry of Foreign Affairs to commemorate the new government's inauguration. The Minister of Foreign Affairs, Mr. Kombos, met with the Municipality of Famagusta, led by Mayor Simos Ioannou. ...

 |  NEWS
Decline in asylum approvals in Cyprus in 2022

Decline in asylum approvals in Cyprus in 2022

According to data from Eurostat, the statistical service of the EU, EU countries granted protection status to 384,245 asylum seekers in 2022, up 40% from the previous year. However, in Cyprus, there was a significant decrease in protection status, with only 580 cases being granted (compared to 2,305 in 2021)....

 |  NEWS
Cyprus deposits reach €51.9B, loans at €25.1B in March 2023

Cyprus deposits reach €51.9B, loans at €25.1B in March 2023

Total deposits reached €51.9 billion in March 2023, while total loans stood at €25.1 billion, according to data published by the Central Bank of Cyprus on Tuesday, in the April 2023 edition of Monetary and Financial Statistics....

 |  NEWS
Jazeera Airways adds Larnaka to its European destinations

Jazeera Airways adds Larnaka to its European destinations

Jazeera Airways, a low-cost carrier based in Kuwait, has recently added Larnaka to its network of new European destinations for the 2023 summer season and flights were launched end of April....

 |  BUSINESS
100 Cypriot wines to feature new WineCore logo on packaging

100 Cypriot wines to feature new WineCore logo on packaging

The wine industry in Cyprus is at a turning point, as coordinated upgrading and promotion efforts are underway in both the private and public sectors. ...

 |  NEWS
ECHR takes on Ayia Napa gang rape case

ECHR takes on Ayia Napa gang rape case

The Republic of Cyprus is defending its actions after its own Supreme Court cleared a British woman of lying to police about a gang rape in 2019, with both sides sticking to their guns as the case is now appears before the European Court of Human Rights...

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Cyprus ranks 3rd in EU for long working hours

Cyprus ranks 3rd in EU for long working hours

A 9.7% of employed people in Cyprus (7% in the EU) worked long hours (working usually 49 hours or more per week) in their main job in 2022 according to data published by Eurostat, the statistical service of the European Union. Cyprus also had the third-largest percentage among all member states....

 |  BUSINESS
Pope reveals ongoing secret Vatican peace mission in Ukraine

Pope reveals ongoing secret Vatican peace mission in Ukraine

During his flight back to Rome after concluding his visit to Hungary, Pope Francis informed reporters that there is a secret Vatican peacekeeping mission taking place in Ukraine....

 |  NEWS
AI pioneer regrets contribution to field, quits Google over concerns

AI pioneer regrets contribution to field, quits Google over concerns

The man often touted as the godfather of AI has quit Google, citing concerns over the flood of fake information, videos and photos online and the possibility for AI to upend the job market....

 |  NEWS
Turkey says it ‘KANN’ deliver on air defence

Turkey says it ‘KANN’ deliver on air defence

A fifth generation stealth fighter jet developed and produced in Turkey was shown off on Monday, with Ankara delivering on a promise made two years ago when the first indigenous engine was put to the test amid F16 restrictions...

 |  NEWS
Temperature rise expected as weak high pressure dominates region

Temperature rise expected as weak high pressure dominates region

In weather news, the Meteorological Service has forecasted a temperature rise for the region. Weak high pressure will continue to affect the area until Thursday....

 |  NEWS
Michael Kyprianou & Co LLC partners with IP expert Nick Kounoupias

Michael Kyprianou & Co LLC partners with IP expert Nick Kounoupias

Following the successful launch of Cyprus IP Day on April 26th, 2023 hosted at the firm’s Nicosia office, which saw a number of local and international speakers share their insight and knowledge on the subject of Intellectual Property (IP), and provided innovators, entrepreneurs, and businesses with an opportunity to connect with IP experts, Michael Kyprianou & Co LLC announces the newly formed partnership with one of the speakers at Cyprus IP Day, UK IP Champion and IP expert Nick Kounoupias....

 |  BUSINESS
Police build disappearance case but no breakthrough

Police build disappearance case but no breakthrough

The disappearance of a Limassol man said to be implicated in a convoluted cryptocurrency case continues to baffle Cypriot authorities, following additional arrests and search parties expected to continue after an unsuccessful holiday weekend...

 |  NEWS
Russian wave heads north as sanctions pick up in Cyprus

Russian wave heads north as sanctions pick up in Cyprus

Russian businesses in the Republic of Cyprus are rumored to be moving to the northern part of the island to avoid sanctions, amid reports that more Cypriot nationals in the south are expected to be added to a new list of 'Russian enablers'...

 |  NEWS
Russian fire incident report delayed

Russian fire incident report delayed

Officials in Cyprus have postponed their findings on the fire at the Russian center in Nicosia, after a chemical report requested by the fire department was delayed, leaving room for speculation about the blaze as well as the overall investigation...

 |  NEWS
Man falls to his death from Ayia Napa's famed cliff

Man falls to his death from Ayia Napa's famed cliff

A man believed to be a foreign national was killed in Ayia Napa on Saturday after he fell off a cliff at a famous tourist attraction possibly while trying to take a selfie...

 |  NEWS
Media outlets jump gun on Russian fire probe in Cyprus

Media outlets jump gun on Russian fire probe in Cyprus

A fire department representative in Cyprus says speculation about a possible discarded cigarette being the cause of a fire at the Russian cultural center in Nicosia came directly from media outlets, not officials, who are still investigating the incident...

 |  NEWS
MINTHIS Spa wins a Gold Award in Cyprus Tourism Awards

MINTHIS Spa wins a Gold Award in Cyprus Tourism Awards

We are proud to announce that MINTHIS and its world-class destination Spa has won a prestigious award at the Cyprus Tourism Awards 2022. ...

 |  LIFE
Cyprus tightens criteria for immigration permit scheme

Cyprus tightens criteria for immigration permit scheme

A revised set of criteria on the expedited process for granting immigration permits to third-country nationals who invest in Cyprus will be in effect as of May 2, 2023, the Interior Ministry announced on Friday....

 |  NEWS
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BUSINESS

Deloitte Cyprus issues its annual Transparency Report: Fostering resilience, creating enduring value

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Cyprus submits commandaria for UNESCO cultural status

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