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541. Bank of Cyprus reports €401 million profit surge

In the latest financial report, Bank of Cyprus has reported a solid profit of €401 million for the first nine months of 2024—a 15% jump from last year’s €349 million. ...

542. BOC finalizes sale of troubled loans to boost stability and growth

In September 2024, the Bank of Cyprus reached a deal with funds linked to Cerberus Global Investments B.V. to sell a portfolio of non-performing loans—primarily business loans backed by collateral. ...

543. Cyprus police enhance financial crime fighting with FBI training

Cyprus police are receiving specialized training to tackle financial crimes, including money laundering and sanctions evasion, with significant assistance from the U.S. Federal Bureau of Investigation (FBI)....

544. Trump administration: Who's in, who's out?

President-elect Donald Trump has officially named campaign co-chair Susie Wiles as White House chief of staff, marking the first appointment of his new administration....

545. EU probes €101 million grant in Vasilikos project and Cyprus officials' role

The European Public Prosecutor's Office (EPPO) investigation into potential misconduct involving Cyprus's Vasilikos liquefied natural gas (LNG) terminal project, which received €101 million in EU funds, is advancing and is now in a critical phase, according to a report by APostolos Tomaras....

546. New EU tariffs on Chinese EVs slow Cyprus’ shift to electric cars

The European Union's new tariffs on electric vehicles (EVs) imported from China, reaching as high as 35.3%, are expected to significantly impact Cyprus' already slow-moving EV market, according to a report by Kathimerini's Dorita Yiannakou....

547. Antibiotic misuse in Cyprus fuels deadly resistance surge

Cyprus ranks among European Union countries with the highest antibiotic consumption and microbial resistance rates, Health Minister Michalis Damianou said Friday at a news conference kicking off a campaign on antibiotic stewardship and antimicrobial resistance. ...

548. Entries for 2025 Limassol Carnival parade open November 12

Registration for the 2025 Limassol Carnival Grand Parade will open on Tuesday, November 12, from 8 a.m. to 2 p.m., the Limassol Municipality announced....

549. Larnaca and Paphos airports to handle 17.5 million passengers annually

The deal to hand over Larnaca and Paphos airports to Hermes Airports Ltd is nearly sealed, as the company moves toward......

550. Coffee Island enters India, sets sights on multinational growth

Coffee Island, the popular Greek coffee chain, is making waves in the global market with its first store opening in India, set for December in New Delhi....

551. Cyprus-Israel power study to conclude by early 2025

Subsea surveys for the Cyprus-Greece electricity interconnection project are advancing, with investment developments expected by year-end, ADMIE President and CEO Manos Manousakis announced at the 7th Athens Investment Forum. ...

552. Conversation Series at the Bank of Cyprus Cultural Foundation with bαhçές Histories* of Cyprus x Cyprus Insula Exhibition

In the framework of the exhibition Cyprus Insula - History, Memory, Reality the Bank of Cyprus Cultural Foundation invites bαhçές Histories* of Cyprus, for a series of conversations on themes central the Cypriot insularity and modernity....

553. Polls close in key US battlegrounds as Trump secures early wins

Polls have closed in the U.S. presidential election, including in all seven crucial swing states, as results start to trickle in....

554. Nicosia’s 'Paramythoupoli' set to open, bringing holiday magic to life

The holiday season is kicking off early in Nicosia as the city prepares to welcome visitors to its much-loved Christmas Fairytale Town at the D'Avila Moat. Running from November 15 through January 12, 2025, the event marks its 16th year with expanded attractions, new surprises, and an even more festive atmosphere....

555. New York achieves solar power milestone a year early

New York has reached its target of 6 gigawatts of solar power one year ahead of its 2025 goal, state officials announced recently. ...

556. Parliament raises penalty points for license suspension

The House of Representatives passed an amendment to the Motor Vehicles and Traffic Law, increasing the threshold for temporary driving license suspension from 12 to 16 penalty points. ...

557. Cyprus gains investor confidence as economic reforms and US ties bolster growth

International investors have shown sustained confidence in Cyprus’ economy and business ecosystem, recognizing the country as a stabilizing force in the region......

558. Ex-Transport Minister and associates headed for trial

Former Transport Minister Marios Demetriades and nine other individuals, including his relatives and two companies, are set for trial in Cyprus’ top court on charges linked to the controversial Cyprus Investment Programme (CIP)....

559. From Cyprus to Paris: Antonis Avouris named France’s Best Young Chef

Earlier this month, 27-year-old Cypriot chef Antonis Avouris made headlines after winning the prestigious San Pellegrino Young Chef award for the French region. ...

560. Government announces new measures to help vulnerable households

In a bid to ease energy expenses for vulnerable groups and promote sustainable housing solutions, the Cabinet approved a set of medium-term measures during its meeting on Tuesday, chaired by President Nicos Christodoulides....

561. Germany: €60 billion budget shortfall rocks Europe's largest economy

Germany’s tax revenues are projected to fall nearly €60 billion short of earlier expectations over the next five years, intensifying budget challenges for Chancellor Olaf Scholz’s government and straining the already fragile three-party coalition....

562. Cyprus achieves first A-level credit rating in major milestone

Scope Ratings has upgraded Cyprus's credit rating to A- from BBB+, marking the country's first A-level rating from a major credit agency....

563. President urges faster completion of 88 major projects

Cyprus President Nikos Christodoulides urged ministers to accelerate the government’s agenda of 88 key projects for the administration’s second year, Deputy Minister to the President Irene Piki announced after a recent Cabinet meeting. ...

564. AKEL proposes law for euthanasia

According to Kathimerini's Hector Georgiou, last Friday, October 18, 2024, AKEL Deputy Irini Charalambidou held a press conference to outline her proposal for a law titled ''On Medically Assisted Termination of Life.''...

565. University of Nicosia Hosts Ceremonial Event for NEOLAiA European University Alliance

566. 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. ...

567. 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. ...

568. 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! ...

569. 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....

570. IMF raises Cyprus' growth forecast for 2024

The International Monetary Fund (IMF) has raised its forecast for Cyprus's economic growth in 2024 from 2.7% to 3.3%. This updated prediction comes from the IMF's October World Economic Outlook report released on Tuesday....