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241. Billionaire's great escape? Kolomoiskyi's Cyprus flight sparks alarm

In a twist of legal intricacies, Ukrainian authorities are on high alert following the release of billionaire oligarch Ihor Kolomoiskyi. ...

242. Cyprus supports EU rule on monitoring journalists

Cyprus is backing a controversial EU rule that allows government intelligence services to keep an eye on journalists for security reasons. ...

243. Surge in bounced checks worth €1.6 million in 2023

244. Cypriot bonds hold firm at €6.75 billion amid ECB moves

As of the end of November, data from the Cypriot Central Bank reveals that the Eurosystem maintained its holdings of Cypriot bonds valued at €6.75 billion...

245. Government employment hits record high

In ongoing discussions about new hires and the 2024 budget in Parliament, the focus is on the remarkable increase in government employment, surpassing levels from 2012....

246. 15.7% spike in building permit values

Despite the drop of total number of building permits during the first nine months of 2023, compared to the same period of 2022, their total value recorded an increase of 15.7%, and their volume went up by 2.9%....

247. Cyprus battles antibiotic overuse

In a recent press conference, The Pathological Society of Cyprus highlighted the alarming statistic that 1 in 2 citizens annually take antibiotics, leading to Cyprus outpacing other European countries in antibiotic consumption....

248. Cyprus records remarkable 6.7% jump in industrial index

The latest data from the Industrial Turnover Index for September 2023 show an annual increase of 0.6%, reaching 206.6 units (base 2015=100), compared to the figures recorded in September 2022....

249. Police investigate 494 cases of domestic violence in just 2 months

In just two months—September and October 2023—Cyprus Police investigated a staggering 494 cases of domestic violence, leading to the issuance of 93 arrest warrants. Nicosia reported 131 cases, Limassol 135, Larnaca 117, Paphos 37, Famagusta 68, and Morphou 6, highlighting a pervasive issue across the island....

250. Cyprus reports significant drop in joblessness

The latest data released by the District Labour Offices indicate a notable decline in registered unemployment rates for November 2023, both on a monthly and on a yearly basis....

251. Mortgage-to-Rent scheme sparks overwhelming interest as call centers inundated

In a significant response to the newly launched 'Mortgage to Rent' Scheme by the implementing agency, KEDIPES, the service center has been inundated with hundreds of calls since the official commencement of the initiative today....

252. ''The path to fighting inflation is difficult''

In an insightful dialogue about the economic landscape, Joachim Nagel, a prominent figure in the financial realm and a member of the ECB Governing Council, shares his perspectives on inflation, interest rates, and the challenges facing the European economy....

253. Protecting citizens' information in Cyprus under scrutiny

The water leak at the Ministry of Finance in Cyprus has exposed broader issues in the country's digital services, raising concerns about both physical infrastructure protection and the safeguarding of citizens' data....

254. France and US ink deal for extended four-year visas

In a bid to strengthen economic ties and encourage cross-border business activities, France and the United States have recently inked a groundbreaking agreement allowing French citizens an extended four-year US visa. ...

255. AMVER Awards – Saving Lives at Sea

The U.S. Embassy in Nicosia and the Cyprus Shipping Chamber (CSC), in cooperation also with the Cyprus Marine Environment Protection Association (CYMEPA) and the American Bureau of Shipping (ABS), co-organized a ceremony in Limassol on November 30 to recognize shipping companies participating in the U.S. Coast Guard's AMVER program....

256. €6M fund faces scrutiny in migrant returns

A recent evaluation conducted by the Audit Office sheds light on the challenges faced by the Police in detecting and repatriating irregular migrants and asylum seekers....

257. Astronauts capture striking views of Tiangong space station before earth return

In a historic moment, China's Shenzhou 16 mission bid farewell to the Tiangong Space Station, offering a unique glimpse of the entire structure through high-definition imagery. The departure marked the first comprehensive imaging of Tiangong since its orbital arrival....

258. Renewable energy hits 17.2%, eyes soaring heights in 2023

The share of energy consumption from renewable energy resources (RES) in 2022 has reached 17.2% in Cyprus and is expected to increase further in 2023 and in the following years, according to the annual report of the Cyprus Energy Regulatory Authority (CERA) for 2022 presented on Wednesday to the President of the Republic Nikos Christodoulides....

259. Russia's 'loyalty agreements' pose threat to foreigners' freedom of expression

In a move that raises concerns over freedom of expression, Russia's interior ministry has drafted legislation requiring foreigners to sign a "loyalty agreement" upon entry....

260. France's controversial anti-smoking campaign sparks debate

France is set to intensify its battle against smoking, with Health Minister Aurelien Rousseau announcing a comprehensive anti-smoking program....

261. Electricity bills to drop by 12% starting November 1

In a recent announcement, consumers in Cyprus can expect a 12% reduction in their electricity bills starting November 1. ...

262. Government achieves historic 50% drop in asylum applications

There is a 50% reduction in the period March-October 2023 in new asylum applications compared to the 2022 corresponding period, the Interior Ministry said on Tuesday, noting at the same time that for the first time, the overall balance of arrivals-returns presents a positive picture, and Cyprus is now ranking in the first places among European states in absolute numbers of returns....

263. Nigerian gang exploits Facebook connections in elaborate scam

Greek authorities have dismantled a criminal organization consisting of Nigerian and Sierra Leonean nationals accused of duping women out of substantial sums of money through an elaborate online scam....

264. Ministry's robust €65.2M budget signals ambitious 2024 plans

At 65.2 million euros, the proposed budget of the Ministry of Tourism for 2024 surpasses previous years, accounting for initial budgets and excluding additional expenditures....

265. Lagarde's stance on cryptos revealed amidst family investment fallout

European Central Bank President Christine Lagarde disclosed that her son experienced significant losses while investing in cryptocurrency, as reported by Reuters on November 24. ...

266. DAC6 revisited through the prism of DAC8

The Directive on Administration Cooperation (''DAC'') has been amended multiple times since 2011 to allow for the automatic exchange of information across multiple fields of taxation....

267. Declines in kerosene and heating gasoil offset by surges in aviation fuel sales

Sales of Cyprus’ petroleum products recorded a 1.3% decline in October 2023, totaling 130,677 tonnes, marking a downturn compared to the same month in 2022....

268. Cyprus' robust 11.8% surge in household spending defies EU norms

In 2022, Cyprus experienced a notable 11.8% increase in household final consumption expenditure compared to the previous year, surpassing the EU's overall growth of 4.7%, as reported by Eurostat. ...

269. Larnaka-Based Marketing Agency Ranked in Top 4 Digital Advertising Teams in the World for 2023

The Obsidian Co. is positioning Cyprus on the global stage, securing a spot in the top 4 finalists in The Drum Awards 2023's ''Agency Team of the Year'', solidifying its status among the world's best digital advertising agencies....

270. Cyprus faces double-digit sanctions violations chaos

Cyprus’ Law Office has received complaints on possible sanctions violations amounting to double-digits, Attorney-General George Savvides told a parliamentary committee which discussed the “Cyprus confidential” publication, involving millions of leaked files on financial transactions investigated by the International Consortium of Investigative Reporters (ICIJ)....