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12° Nicosia,
16 January, 2025
 

News Stream

FT: Dutch court rules Heineken must pay millions for Greek subsidiary violations

FT: Dutch court rules Heineken must pay millions for Greek subsidiary violations

According to a report in the Financial Times, a Dutch court has ruled that Heineken is responsible for competition violations linked to its Greek subsidiary, Athenian Brewery, dating back to the 1990s. ...

Paphos airport will expand to boost capacity and modernize facilities

Paphos airport will expand to boost capacity and modernize facilities

Hermes Airports has submitted a proposal to expand Paphos Airport to better accommodate rising passenger numbers and bring facilities up to modern standards....

Sunny skies ahead for the weekend!

Sunny skies ahead for the weekend!

Happy Friday! As we head into the weekend, weak high pressure is keeping things mellow across the area, but with a little bit of flair. Here’s what you can expect:...

Investment opportunities by AstroBank

Investment opportunities by AstroBank

AstroBank is selling a large commercial building in Nicosia as well as commercial, residential, and agricultural land in Nicosia, Limassol, and Larnaca, Paphos and Famagusta....

Using AI to steal your homes from under your nose

Using AI to steal your homes from under your nose

The rise of artificial intelligence (AI) is changing the game for real estate scams, making it easier for criminals to pull off tricky schemes like deed theft....

New York: Blessing of the animals returns to St. John the Divine Cathedral

New York: Blessing of the animals returns to St. John the Divine Cathedral

Some might chuckle at the sight of a camel strutting down the aisle of a church, but for many animal lovers, this quirky spectacle is a testament to how they treat their pets like family. ...

Major trafficking ring uncovered in Cyprus involving former football player

Major trafficking ring uncovered in Cyprus involving former football player

The Anti-Trafficking Bureau in Cyprus is intensifying its efforts to unravel a serious case involving an organized trafficking ring that is believed to be sexually exploiting women on the island....

Church and nightclub owners under investigation for embezzlement and money laundering

Church and nightclub owners under investigation for embezzlement and money laundering

A significant investigation has been launched into allegations of embezzlement and money laundering involving two high-ranking officials from the Catholic Church of Greece and five nightclub owners in the Peloponnese region. ...

Goodbye and thanks for all the halloumi!

Goodbye and thanks for all the halloumi!

I depart Cyprus after a little over two years as the British High Commissioner. What are my main reflections?...

Tatar rejects Christodoulides' proposal, insists on Turkey's role in talks

Tatar rejects Christodoulides' proposal, insists on Turkey's role in talks

Turkish Cypriot leader Ersin Tatar has publicly rejected a proposal from Cypriot President Nikos Christodoulides, which was made during an informal dinner in New York....

CBC urges banks to show social responsibility despite sector’s strength

CBC urges banks to show social responsibility despite sector’s strength

The Central Bank of Cyprus (CBC) released its annual Financial Stability Report for 2023 on Tuesday, indicating that the financial sector is overall strong and capable of handling unexpected challenges. ...

North Korea sends troops to Russia, raising concerns over their role in Ukraine conflict

North Korea sends troops to Russia, raising concerns over their role in Ukraine conflict

The U.S. government has reported that North Korea has sent at least 3,000 troops to Russia, raising concerns that they may be deployed to fight in Ukraine....

Five dead, 22 injured in terrorist attack

Five dead, 22 injured in terrorist attack

A terrorist attack on the Turkish Aerospace Industries (TAI) offices in Kahramankazan, near Ankara, resulted in five deaths and 22 injuries....

Cypriot citizens linked to $75 million money laundering probe in the French Riviera

Cypriot citizens linked to $75 million money laundering probe in the French Riviera

French authorities have seized about $75 million worth of real estate and luxury cars in the French Riviera as part of a money-laundering investigation involving two Russian businessmen who hold Cypriot citizenship, according to a published report on the OCCRP.org website. ...

Cyprus and U.S. launch historic strategic dialogue to strengthen bilateral ties

Cyprus and U.S. launch historic strategic dialogue to strengthen bilateral ties

Nicosia and Washington are forming a concrete footprint for deepening their bilateral relations at the strategic level with the first-ever CY-US Strategic Dialogue launched today. ...

Winds die down as clear skies return

Winds die down as clear skies return

Well, that didn’t last long! After a couple of pleasant breezy days, it's back to 'normalish' days with light to moderate winds....

Hezbollah leader-in-waiting killed in Israeli airstrike

Hezbollah leader-in-waiting killed in Israeli airstrike

Hezbollah has confirmed the death of Hashem Safieddine, a high-ranking official and heir apparent to its current leader Hassan Nasrallah, following an Israeli airstrike. ...

Putin urges Dollar ditch, but asks summit guests for Dollars and Euros

Putin urges Dollar ditch, but asks summit guests for Dollars and Euros

Russian President Vladimir Putin is leading efforts to reduce global reliance on the US dollar by promoting "de-dollarization" at a summit with over 20 world leaders. ...

President unveils €30 million plan to revitalize Troodos region

President unveils €30 million plan to revitalize Troodos region

President Nikos Christodoulides has unveiled a comprehensive plan aimed at revitalizing the Troodos mountainous region, with more than 20 major projects and policy actions set to be implemented. ...

Cyprus seeks to amend recovery plan amid project struggles

Cyprus seeks to amend recovery plan amid project struggles

The Cyprus Recovery and Resilience Plan Directorate is currently working with the European Commission to make amendments to the Recovery and Resilience Plan. ...

18% of Cypriot businesses hit by cyberattacks in 2023

18% of Cypriot businesses hit by cyberattacks in 2023

In 2023, nearly one in five businesses in Cyprus reported experiencing a cyberattack, according to a recent survey by the Cyprus IT Enterprises Association (CITEA)....

EU Council President highlights support for Cyprus peace talks

EU Council President highlights support for Cyprus peace talks

The newly-elected President of the European Council, Antonio Costa, visited Cyprus on Wednesday to express support for resolving the long-standing Cyprus issue. ...

Chaos in Rhodes as migrant camps take over city center

Chaos in Rhodes as migrant camps take over city center

Rhodes is facing a growing crisis as areas like Eleftherias Square and Therma have transformed into informal migrant camps, creating a suffocating environment in the city center....

LeBron James and son Bronny make NBA history

LeBron James and son Bronny make NBA history

LeBron James and his eldest son, Bronny, made history by becoming the first father-son duo to play together in an NBA game....

Larnaca ChristmasLand returns: A winter wonderland awaits in Europe Square

Larnaca ChristmasLand returns: A winter wonderland awaits in Europe Square

Get ready to step into a world of holiday magic as Larnaca ChristmasLand opens its doors, kicking off the festive season in Cyprus! ...

Bank of Cyprus shareholders moving at different speeds

Bank of Cyprus shareholders moving at different speeds

CarVal Investors recently sold 3% of its 9.09% stake in Bank of Cyprus, sparking speculation that other shareholders may follow suit and sell their shares....

Cyprus surpasses pre-pandemic financial levels with growing surplus

Cyprus surpasses pre-pandemic financial levels with growing surplus

Cyprus is bouncing back from recent economic challenges, with its financial health improving dramatically. Current fiscal surpluses now exceed what they were before the pandemic, thanks to a significant increase in revenue....

Woman rescued after being wedged upside down for 7 hours

Woman rescued after being wedged upside down for 7 hours

A woman in Australia faced a dramatic situation when she became trapped upside down for seven hours while trying to retrieve her lost phone from a crevice between boulders in the Hunter Valley region....

Heart-wrenching video highlights the plight of children in Gaza

Heart-wrenching video highlights the plight of children in Gaza

A heartbreaking video has emerged from Gaza, capturing the dire circumstances faced by children caught in the ongoing conflict. In the footage, a young girl walks barefoot on the road, ...

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