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1441. Major developments expected in 2025 for Vasilikos

The year 2025 is shaping up to be pivotal for the long-delayed PV terminal project in Vasilikos, following last year’s setback caused by the withdrawal of the Chinese consortium CMC. ...

1442. Cyprus faces Schengen conundrum amid unresolved division

Cyprus remains caught in a political and logistical bind as Bulgaria and Romania prepare to join the Schengen free-movement area on January 1, 2025, according to a report by Kathimerini's Pavlos Xanthoulis....

1443. Why the NATO debate is still a divisive issue in Cyprus

The NATO debate in Cyprus has always been polarizing. Unlike the real debate on membership in the North Atlantic Alliance—which requires preconditions and an invitation, not just an "application"—...

1444. GM and Cadillac gear up for Formula 1 debut in 2026

In an exciting development for motorsport fans, General Motors and Cadillac have reached an agreement in principle to enter Formula 1 as an 11th team starting in 2026. ...

1445. Geoeconomic tensions and Cyprus: Staying the course amid challenges ahead

Geoeconomic fragmentation, the reversal of progress towards global economic and financial integration due to political and military conflict and strategic policy decisions, is rising....

1446. Spain fines Ryanair and other low-cost airlines €179M for abusive practices

Spain's Ministry of Consumer Affairs has slapped five major low-cost airlines with hefty fines totaling €179 million for a range of alleged abusive practices, including charging extra fees for hand luggage. ...

1447. Cyprus to tighten rules for migrants who commit crimes

Cyprus is reviewing its rules for handling migrants who have special protection but commit serious crimes, according to a report by Kathimerini's George Kakouris....

1448. Cyprus bids for IMO council seat as Minister heads to Hong Kong, London

Deputy Minister of Shipping, Marina Hadjimanolis is travelling to Hong Kong Wednesday, at the invitation of the President of the International Chamber of Shipping, ...

1449. Fired Paphos-Polis road contractor wants €35 million payout

The Cyprus government has formally terminated its contract with Intrakat, a Greek construction company, for the long-awaited Paphos-Polis Chrysochous motorway, citing severe delays and excessive demands from the contractor....

1450. 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....

1451. Cyprus repays over €1B in debt, easing financial strain

Cyprus made strides in paying down its debt in the second quarter of 2024, settling over €1 billion in bonds and loans....

1452. From TikTok to Parliament? Cyprus influencers set sights on 2026 Elections

Since Fidia's Panayiotou's election to the European Parliament, with nearly 73,000 votes, political observers in Cyprus have been analyzing the so-called "Fidias phenomenon."...

1453. 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....

1454. 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....

1455. Vasilikos terminal in limbo as negotiations hang by a thread

According to Apostolos Tomaras in today's Kathimerini, four months after the Chinese consortium pulled out of the construction of the Vasilikos terminal, efforts to fill the gap are still getting started....

1456. Water crisis looms as Cyprus dams hit 27%

Cyprus is grappling with a severe water shortage as the ongoing drought pushes the country's dam capacity to worrying levels. According to Gianna Economidou......

1457. Cyprus' infrastructure shines as MED9 Summit boosts tourism

1458. Global debt to exceed $100 trillion this year

Global public debt is nearing the size of the world economy, posing risks to living standards in developed nations, the International Monetary Fund (IMF) warned....

1459. Cyprus to launch first homegrown satellite by 2026

Cyprus is making strides in space technology as the Cyprus Space Research and Innovation Centre (C-SpaRC) prepares to unveil its first satellite, set for launch in 2026. ...

1460. Tesla unveils Robotaxi and Optimus Robot at ‘We, Robot’ event

Tesla CEO Elon Musk showcased the company’s latest autonomous vehicle, the Cybercab Robotaxi, during the "We, Robot" event at Warner Bros. Studios on Thursday....

1461. Soaring prices of fruits and vegetables hitting consumers hard

Cypriot consumers are feeling the pinch as the prices of fruits, vegetables, and greens have surged, making it harder for households to purchase these essential goods....

1462. Israel slams UN Chief in unprecedented diplomatic clash

This might be one of the harshest criticisms ever directed at United Nations Secretary-General António Guterres. It’s not just the fact that Israel declared him a ''persona non grata,'' banning him from the country, ...

1463. Cyprus Central Bank raises 2024 GDP growth forecast to 3.5%

The Central Bank of Cyprus (CBC) has revised GDP growth rate up by 0.5 percentage points for 2024, to 3.5%, compared to its forecasts last June, stressing that there does not seem to be any significant negative impact on investments from the conflict in the Middle East. ...

1464. Cyprus' credit rating upgraded due to strong economy and lower debt

Rating Agency Capital Intelligence Ratings (CI) has upgraded Cyprus’ Long-Term Foreign Currency Rating (LT FCR) and Short-Term FCR (ST FCR) to ‘BBB’ and ‘A2’, respectively, from ‘BBB-’ and ‘A3’, maintaining a positive outlook....

1465. Cyprus falls behind on EU recovery plan, meets only 5% of targets

In today's 'Oikonomiki', Panayiotis Rougalas reports that Cyprus has only achieved 5% of the milestones outlined in its Recovery and Resilience Plan (RRP), falling far behind other European Union countries in implementing reforms tied to the EU’s Next Generation funding program....

1466. Supreme court ruling on Auditor General fuels corruption debate in Cyprus

The decision to dismiss the auditor general—determined by the highest level of Justice in Cyprus—has sparked a significant public, legal, and political debate....

1467. Electric cars outnumber petrol cars in Norway for the first time

Norway has made history by becoming the first country where electric vehicles (EVs) now outnumber petrol cars. ...

1468. Dutch government requests opt-out from EU asylum rules

The Netherlands’ new coalition government, led by Geert Wilders’ far-right Party For Freedom (PVV), has requested an opt-out from the European Union’s asylum rules,...

1469. EU Commission refuses Dutch request to leave asylum system

In a surprising move, the Netherlands has requested an opt-out from the EU migration and asylum system, just days after Germany reintroduced border controls. ...

1470. Cyprus puts cancer battle at the heart of 2026 EU Council Presidency

Deputy Minister for European Affairs Marilena Raouna has said that as Cyprus prepares to undertake its second Presidency of the Council of the EU in January 2026......