News Stream

Cyprus' Vasilikos gas terminal project fails after 20 years

Cyprus has faced a protracted and troubled effort to introduce natural gas to its internal market for electricity generation over the past two decades. ...

Famagusta to target global tourists with new campaign

Cyprus sees fuel price drop by 2-3 cents

Cypriot households burdened by rising living costs are getting a reprieve as fuel prices drop, with further reductions expected by the end of August....

Boxer Imane Khelif one win away from Olympic Gold

Algerian boxer Imane Khelif moved one step closer to a historic gold medal in the women’s welterweight division at the Paris Olympics on Tuesday night, defeating Thailand's Janjaem Suwannapheng 5-0 in the semifinals. ...

EU bolsters Lebanon with €1B aid package

The European Union has begun political dialogue with the Lebanese government to implement critical reforms, backed by substantial EU funding. ...

Coastal areas to experience slightly choppy seas

The area is under the influence of seasonal low pressure, leading to mostly clear weather today....

President unveils €9.5M support package for students and families

President Nicos Christodoulides announced a new package of measures aimed at supporting students and alleviating family budgets amid rising inflation and costs. The initiative, titled "Together at Every Beginning," is designed to assist families as the new school year approaches....

Cyprus boosts R&D Funding by nearly 20%, spending €138M in 2023

Cyprus significantly boosted its investment in research and development (R&D) in 2023, with government budget allocations rising by 19.8% compared to the previous year, according to new data from Eurostat. This increase is notably higher than the average 5.3% rise observed across the European Union during the same period....

First section of Nicosia's new motorway opens August 8

The first phase of the Nicosia Peripheral Motorway (A1) will open to traffic on Thursday, August 8, 2024, at 12:00 p.m., the Public Works Department announced....

Controversy as 2.7M tourists flock to occupied Cyprus

According to Halkin Sesi, citing data on tourism in the pseudo-state, the occupied territories in Cyprus saw an influx of 2.7 million third-country nationals in the first five months of 2024....

€6M fund available for innovators to tackle real-world challenges

The Research and Innovation Foundation (RIF) has announced a new funding program called "Co-Develop" with a total budget of €6 million. This program aims to solve real-world problems by connecting researchers with businesses in areas such as digital technologies, advanced agriculture, health, and the environment....

Record passenger traffic at Cyprus airports in 2024

In a landmark achievement, the number of passengers passing through Larnaca and Paphos airports in the first seven months of 2024 has surged by 4.42% compared to the same period last year, setting a new record for the island....

Police arrest 25 illegal residents in nationwide crackdown

Members of the Aliens and Immigration Service arrested 25 third-country nationals who were illegally residing in the Republic of Cyprus during a nationwide coordinated operation, authorities said Tuesday....

Limassol Clinic faces expulsion from GESY over regulation violations

The Health Insurance Organisation (HIO) has issued a stern warning to a Limassol clinic for violating General Healthcare System (GESY) regulations. The clinic has been given a month, from July 4 to August 2, to address the issues or face expulsion from the GESY....

Joint Sea Venture for cleaner seas by the Bank of Cyprus

Initial assessments showed no observable impact on the biodiversity of the Blue Lagoon area of the Akamas Peninsulaby tourism activities....

Kamala Harris selects Tim Walz as running mate

Viewed by many as a dark horse candidate, Illinois Gov. J.B. Pritzker has not been selected to serve as Kamala Harris’ running mate. Harris chose Minnesota Gov. Tim Walz as the Democratic Party’s vice-presidential candidate...

Bangladesh PM resigns, flees to India amidst Gen Z-led protests

Jubilant scenes erupted in Dhaka on Monday after Prime Minister Sheikh Hasina resigned and fled the country following weeks of deadly anti-government protests. ...

RIF launches €6M fund to foster innovation and economic growth

The Research and Innovation Foundation (RIF) announced on Tuesday a new call for the "Co-Develop" funding programme, with a total budget of €6 million, aimed at better leveraging resources and apply innovative solutions to real problems....

Impressive Olympic outcomes for Cypriot athletes

The efforts of Pavlos Kontides and Denis Taradin in the sea present the most important chances of distinction among the representatives of the Cypriot delegation at the Paris Olympics....

Sweden orders Embassy staff to evacuate Lebanon, relocate to Cyprus

The embassy of Sweden has confirmed to CNA that it is relocating its staff from its Embassy in Beirut due to the deteriorating security situation in the country, noting this originally applies for August but could be extended according to the situation in the region....

Anxiety grows over potential Iranian response to recent killings

President Joe Biden and Vice President Kamala Harris have been informed by national security officials that it remains unclear when Iran and Hezbollah might launch an attack on Israel, according to a U.S. official....

Google faces fines for spending billions on default search engine deals

A U.S. court has ruled that Google violated antitrust laws by persuading partners to set its search engine as the default on their devices. The fine to be paid by Google will be determined at a later date. ...

Central Bank revises GDP growth to 3%

The Central Bank of Cyprus (CBC) made a conservative upward revision to the GDP growth rate for 2024, by 0.2 percentage points, to 3%......

Christodoulides and Tatar clash over planned UN meeting

The possibility of a joint meeting between President Nikos Christodoulides of Cyprus and Turkish Cypriot leader Ersin Tatar......

Cypriots in Iran urged to stay vigilant as tensions escalate

Expect mainly clear skies with some partly cloudy spells in the mountains this afternoon. Winds will be predominantly southwest to northwest, ranging from light to moderate at 3 to 4 Beaufort....

Cyprus to see warm, clear days this week

Expect mainly clear skies with some partly cloudy spells in the mountains this afternoon. Winds will be predominantly southwest to northwest, ranging from light to moderate at 3 to 4 Beaufort....

Cypriot banks show resilience amid challenges, says CBC Governor

Despite the continuous challenges, the Cypriot banking system continues to register a positive course, which is reflected in the main supervisory indicators, Governor of the Central Bank of Cyprus (CBC), ...

Iran declares no-fly zones, calling on aircrafts to alter routes

Iran issued NOTAMs (Notice to Airmen) for the central, western, and northwestern regions of the country, advising aircraft to alter their routes. This move comes as fears of a regional war escalate in the Middle East,...

Cyprus unemployment decreases, while social benefits paid increase

The number of unemployed persons registered at the District Labour Offices in Cyprus fell to 11,877 at the end of July 2024, marking a 9.9% decrease compared to the same period last year, according to data released by the Statistical Service on Monday....

FT: Global stock markets tumble amid US recession fears

Global stock markets experienced significant declines on Monday as concerns about a potential US recession led investors to abandon risky assets....