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871. Bank of Cyprus to reduce its employees by 500 in 2022

872. Ukrainian wounded fighters evacuate Azovstal

Both Kiev and Moscow have confirmed the evacuation of wounded Ukrainian troops from the Azovstal steel plant, following critical hours on Monday when a regime of silence had been imposed for the humanitarian corridor to be used...

873. Chinese embassy in Cyprus speaks out on extradition

The Chinese embassy in Cyprus has responded to reports in local media that accused Beijing of using scare tactics on the island to get a suspect extradited, with an official statement pointing to fake news and offering a different side to the story...

874. Greece wants US military presence in the north of the country

Athens wants an American military presence in Greece – and in the north of the country in particular – because this serves the national interest, Foreign Minister Nikos Dendias told lawmakers on Tuesday....

875. Euthanasia: Six out of ten surveyed in Cyprus agree with legalization

The issue of euthanasia and the need for information and social dialogue in Cyprus were discussed on Monday at a meeting of the Parliamentary Committee on Human Rights....

876. Price hike of raw materials affecting developers and construction costs

The construction industry is suffering as the price hike of raw materials continues, with developers crushed under higher costs as they are deprived of Russian money....

877. 'A historic day': British bases lifts restrictions on civilian property development

Eight years after the signing of a bilateral Arrangement between Cyprus and the UK, the SBA is today lifting restrictions on property development on 200 square kilometers of non-military areas within the bases....

878. Nouris discusses illegal immigration and occupation with Czech MP's

Illegal immigration and the war in Ukraine were the focus of a meeting held on Thursday between Minister of Interior Nicos Nouris and Chairman of the Czech Parliamentary Committee on European Affairs, Ondřej Benešík, who was heading a delegation of Czech MPs and members of the Committee....

879. First ever publicly financed equity fund will benefit Cyprus startups

The Ministry of Finance has long been committed to introducing a financial instrument to support startups and innovative companies with equity financing, ...

880. Cyprus' RCB Bank and its Kremlin ties

On March 24, Cyprus’s fourth-largest bank announced it would wind down its banking operations in the wake of the “volatile geopolitical situation” caused by Russia’s invasion of Ukraine a month earlier....

881. K. Treppides & Co Ltd: Pillar Two on a Global Minimum Taxation

On 22 December 2021, the European Commission proposed a Directive on the introduction of a minimum effective corporate tax rate of 15% on large multinational enterprise (MNE) groups operating in the European Union (EU)....

882. EU states divided over Russian oil sanctions

The European Union was preparing sanctions on Russian oil on Monday, with possible exemptions for wary countries, and warned that complying in full with Moscow's proposed scheme to receive gas payments in roubles would breach existing EU sanctions....

883. Cyprus energy hub hopes hanging by a thread

Nicosia is eagerly awaiting news any day now that could potentially revive the island’s hopes in the energy game, with all eyes on whether a UK-based company with contracts in Israel could find enough gas to bypass red tape and send some of it to a friendly neighbor’s hub...

884. Europe scrambles for natural gas solution as Putin squeezes supply

The European Union is racing to find alternative suppliers of natural gas after Russia's Gazprom cut flows to two EU nations, sparking fears that others will soon follow....

885. SBA land run rules in foreign investors

More opportunities and fewer restrictions for land development on SBA land went into effect on Monday in Cyprus, where foreign nationals will be allowed to invest along with locals who now have to review details and move quickly with any possible objections...

886. Cyprus doubles down on immigration policy

The government in the Republic of Cyprus has renewed its response to migration flows to the island, tasking authorities and lawmakers with tightening measures in a number of areas...

887. A deal ‘everybody will hate’ to end the war in Ukraine

The most likely solution that will bring an end to the war in Ukraine is an agreement that “everybody will hate,” James Stavridis, NATO’s Greek-American former commander for Europe tells Kathimerini....

888. Russia's ultimate 'revenge plan' for the US

As Russia’s war of aggression continues to ravage its neighbor, the Kremlin’s propaganda apparatus has been more blatant than ever in outlining the country’s goals for its biggest nemesis: the U.S....

889. EIB ready to offer funding to mitigate effects of Ukrainian war on Cyprus

New investment opportunities in Cyprus, as well as funding to mitigate the effects of the war in Ukraine, were discussed on Monday by President Nicos Anastasiadis, Finance Minister Constantinos Petridis and European Investment Bank (EIB) President Werner Hoyer. ...

890. Consumers to buy directly from automaker, not from dealer

Mercedes-Benz has reached an agreement with its European dealers to switch to a new dealership model, in which customers will buy directly from the automaker and not from the dealer, the German brand said....

891. Property sales hit 14-year high in Cyprus

Property sales in March, as measured by the number of sale contracts deposited at Land Registry offices, hit a 14-year high according to figures released by the Department of Lands and Surveys....

892. Zelensky wants Cyprus to get tough on island’s Russians

Ukrainian President Volodymyr Zelensky is urging the Republic of Cyprus to strip Russians of their golden passports 'without exception' and only ease up on dual citizens if they condemn what he called 'war crimes of their military' in Ukraine....

893. Lavrov: Ukraine has presented an 'unacceptable' draft agreement

Russian Foreign Minister Sergei Lavrov said today that Kyiv had presented Moscow with a draft peace agreement containing "unacceptable" elements, but that Russia would nevertheless continue the talks and try to secure its own demands....

894. Cyprus mulling US weapons proposal

Cyprus reportedly remains open to the possibility of reaching an agreement with the US to give up its Russian weapons....

895. Anastasiades stresses important steps for strategic planning in energy sector

The President of the Republic, Nicos Anastasiades stressed on Monday the important steps that have been taken in the last two years within the framework of the Government`s strategic planning in the energy sector....

896. The American University of Beirut will open its doors next year in Paphos

The American University of Beirut is officially opening its doors beginning next year with a campus in Paphos, according to Paphos Mayor Phedonas Phedonos....

897. Russian troops begin moving away from positions around Kyiv

Some Russian units suffering heavy losses in Ukraine had been forced to return home and to neighboring Belarus, British military intelligence said a day after Russia promised to scale down military operations around Kyiv and another city....

898. Russia to reduce military activity in Kyiv and Chernihiv, Ukraine to adopt neutral status

Russia promised at peace talks on Tuesday to scale down its military operations around Kyiv and northern Ukraine, while Ukraine proposed adopting a neutral status but with international guarantees that it would be protected from attack....

899. Moscow-Kyiv talks under way, Abramovich present

A new round of talks between Russia and Ukraine began in Istanbul on Tuesday morning, with limited optimism about reaching an agreement on an immediate ceasefire on Ukraine's multiple fronts. French President Emmanuel Macron will have a telephone conversation with Vladimir Putin later in the day, the French presidency announced....

900. Major projects underway in Larnaca, Nicosia

The Cyprus real estate and construction sectors are moving past the demise of the scrapped Citizenship for Investment Programme, turning their attention to the capital and the once-neglected coastal town of Larnaca, while Limassol, with its high-rises and cosmopolitan lifestyle, is still seeing part of the action....