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03 July, 2025
 

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Finance Minister calls for prudency to safeguard economy

Finance Minister calls for prudency to safeguard economy

Cypriot Minister of Finance Constantinos Petrides, stressed on Wednesday evening the need to be “even more careful” with the fiscal discipline in the new challenging era, while Central Bank Governor Constantinos Herodotou referred to the risk of new NPLs due to the challenging economic conditions....

 |  NEWS
EC says 'no' to price cap proposal

EC says 'no' to price cap proposal

Defying calls from the 15 EU countries and voices among European commissioners, Commission President Ursula von der Leyen has decided not to propose a price cap on gas imports, according to Politico....

 |  NEWS
NETFLIX airs film on Cypriot 'utopian' prison

NETFLIX airs film on Cypriot 'utopian' prison

The highly-anticipated NETFLIX documentary on Cyprus’ central prison aired this week, with the star of the series showing disbelief at the 'utopian' penitentiary that went from suicides to weddings under the direction of a reformist warden...

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'Woman, life, freedom!’

'Woman, life, freedom!’

Iranian President Ebrahim Raisi claims that people in his country have freedom of expression. He also branded the protests that have broken out there as unacceptable “acts of chaos,” which is why the army is getting ready to intervene, certainly multiplying the number of casualties when it does: to defend freedom of expression....

 |  OPINION
Majority of tourists visiting Cyprus are no longer Russian

Majority of tourists visiting Cyprus are no longer Russian

In June 2021 at the 43rd conference of the Pancyprian Hoteliers Association, it may have been the first time it was officially made clear that the markets of Russia and Britain will no longer be a one-way street for the Cypriot tourism industry....

 |  BUSINESS
Permits granted for 7,000 highly skilled workers from 3rd countries

Permits granted for 7,000 highly skilled workers from 3rd countries

The policy of granting tax incentives to foreign technology companies is yielding results, Invest Cyprus Investment Promotion Agency Chairman Evgenios Evgeniou said, stressing that 7,000 work permits have been approved this year for highly skilled individuals who chose to work in Cyprus....

 |  BUSINESS
US Embassy in Moscow tells citizens to leave immediately

US Embassy in Moscow tells citizens to leave immediately

The United States Embassy in Moscow has told all Americans left to leave immediately to avoid being conscripted into Vladimir Putin's mobilized army....

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Cypriot businesses face serious issues, but still expect to turn a profit

Cypriot businesses face serious issues, but still expect to turn a profit

What are the main problems for Cypriot businesses (table) ...

 |  BUSINESS
€100 increase in average gross monthly earnings in Q2 2022

€100 increase in average gross monthly earnings in Q2 2022

The average gross monthly earnings of employees increased by €100 in the second quarter of 2022, according to provisional data, published by Cyprus Statistical Service on Wednesday. In particular, they reached €2,081, compared to €1,982 in the same period of 2021, recording an increase of 5%....

 |  BUSINESS
Remains of four resistance fighters returned to relatives

Remains of four resistance fighters returned to relatives

The remains of four resistance fighters killed during the 1974 coup in Cyprus were identified recently and will be returned to their families who were briefed on Wednesday by Commissioner Photis Photiou and his associate Xenophon Kallis....

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Nord Stream pipeline mystery leak takes center stage

Nord Stream pipeline mystery leak takes center stage

Suspicious leaks in the two Russian gas pipelines (Nord Stream 1 & 2) in the Baltic Sea are likely the result of sabotage, officials in Denmark, Germany and Poland have warned, heightening concerns about Europe's "long, hard, winter" with regard to Russian gas - due to the ongoing war in Ukraine....

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Why EVs are a flop in Cyprus … so far

Why EVs are a flop in Cyprus … so far

It's only a 150-kilometer drive across Cyprus; well below how far an average electric vehicle can drive on a single charge. Range anxiety — a major barrier in the shift to EVs — shouldn't be a thing....

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Cyprus greenlights island's first crematory

Cyprus greenlights island's first crematory

A funeral home in Cyprus has obtained a permit to build the country’s first cremation facility, years after legislation paved the way despite strong resistance from the Orthodox church...

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Cyprus Voice for Animals to hold protest at Presidential Palace on Oct 1st

Cyprus Voice for Animals to hold protest at Presidential Palace on Oct 1st

Cyprus Voice for Animals will be holding a demonstration in front of the presidential palace on Saturday, October 1st. The animal welfare organization is calling on the government to train and empower the Animal Police in Cyprus so that they can strictly enforce animal welfare laws that are already in place....

 |  LIFE
Sinkhole nearly swallows pickup truck in Paphos

Sinkhole nearly swallows pickup truck in Paphos

A large sinkhole swallowed a pickup truck in a rural area of Paphos on Tuesday, with reports pointing to water erosion caused by a pipeline months after a historic overflow at the country’s fourth largest dam...

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Locals still object to barbed wire around divided Nicosia

Locals still object to barbed wire around divided Nicosia

New video footage shows barbed wire tossed aside in east Nicosia, with local media following the story after locals west of the capital demonstrated over the weekend against a controversial government fence aimed at keeping irregular migrants at bay...

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Greece accuses EU of using Med countries like a refugee ‘parking lot’

Greece accuses EU of using Med countries like a refugee ‘parking lot’

Greece on Monday urged the European Union to lift movement restrictions for refugees recognized by individual nations, accusing the bloc of applying a double standard when dealing with Ukrainians fleeing the war compared with the victims of other conflicts....

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Cypriots indifferent to getting 4th dose of covid vaccine

Cypriots indifferent to getting 4th dose of covid vaccine

Vaccination centers in Cyprus are experiencing a low turnout in the past two weeks for people wanting to get the 4th dose of the updated covid vaccine. So far, only 1,119 people have been vaccinated since 20 September, when vaccinations for the booster/4th dose began....

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Where will Turkey be in a year from now?

Where will Turkey be in a year from now?

The disputes with Greece will be useful ammunition for Turkish President Recep Tayyip Erdogan should he decide to manufacture a crisis that would divert attention away from his country’s economic disintegration. ...

 |  OPINION
Greece is covertly occupying the islands, says Erdogan

Greece is covertly occupying the islands, says Erdogan

Turkish President Recep Tayyip Erdogan raised the stakes again on Tuesday, accusing Greece of carrying out a “covert occupation” of the islands of the eastern Aegean....

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The Mall of Cyprus turns 15 and is celebrating big!

The Mall of Cyprus turns 15 and is celebrating big!

This year, the Mall of Cyprus turns 15 and is celebrating big! From the 27th of September onwards, visitors will benefit from special offers from stores and on the 9th of October, a big street-style event has been organized to celebrate!...

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SBA judge slams criminal justice system in Cyprus

SBA judge slams criminal justice system in Cyprus

A resident judge on the British Bases in Cyprus, who recently denied a removal request for two suspects in connection with an ongoing fake cocaine investigation, took the time in his remarks to issue a far-reaching indictment against the maladies of the Greek Cypriot criminal justice system...

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170,000 flu vaccines on on their way to Cyprus

170,000 flu vaccines on on their way to Cyprus

Vaccination against the seasonal flu by GPs is expected to begin within the first ten days of October and Cyprus will receive 170,000 vaccines which are set to arrive Wednesday....

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Candidates concerned over higher rents facing undergraduates

Candidates concerned over higher rents facing undergraduates

Parties and candidates on Monday continued their activities, ahead of the February 2023 presidential elections, with issues such as digital transformation, labor relations, the Cyprus problem and benefits for undergraduate students who face difficulties renting student halls, topping the agenda....

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Kasoulides on Bloomberg: Cyprus concerned by Aegean Sea rhetoric (video)

Kasoulides on Bloomberg: Cyprus concerned by Aegean Sea rhetoric (video)

Cyprus is wary of getting drawn into a potential conflict between Greece and Turkey as rhetoric between the countries intensifies, Cypriot Foreign Minister Ioannis Kasoulides said....

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Crucial countdown as Cyprus moves to block Lone Star

Crucial countdown as Cyprus moves to block Lone Star

Private equity firm Lone Star has until Friday to submit a binding offer to buy the Bank of Cyprus, but the island’s largest financial institution could be out of reach as the House is expected one day earlier to vote on a bill that would authorize the government to block a hostile takeover on security grounds...

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September Newsletter of K. Treppides & Co Ltd: European Securities and Markets Authority

September Newsletter of K. Treppides & Co Ltd: European Securities and Markets Authority

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

 |  BUSINESS
'Vision 2035': The long-term strategy for the Cypriot economy

'Vision 2035': The long-term strategy for the Cypriot economy

"Cyprus should be one of the best places in the world to live, work and be active" is the vision on the basis of which the Cyprus Economy and Competitiveness Council presented the new Long-Term Strategy for the sustainable development of the Cypriot economy to the Parliamentary Committee on Financial and Budgetary Affairs, on Monday....

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Iran: Protests continue for 10th night, at least 41 dead

Iran: Protests continue for 10th night, at least 41 dead

Iranians have taken to the streets for a 10th consecutive night to protest against the death of Mahsa Amini in defiance of a warning from the judiciary....

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Cyprus exceeded its 2022 targets for registration of electric vehicles

Cyprus exceeded its 2022 targets for registration of electric vehicles

Cyprus has exceeded its targets for 2022 in the registration of electric vehicles, Minister of Transport, Communications and Works Yiannis Karousos said on Monday, saying that we have actually reached 144% of the target....

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EU reengages as dispute threatens future of Cyprus-Greece power cable. Photo credit: Unsplash
BUSINESS

EU pressures Cyprus over stalled power cable project

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Sizzling temps, zero regrets. Photo credit: Unsplash
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We know it’s only Thursday, but we can almost taste the weekend

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