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1651. This is how Lara will be developed

The reform of local government undeniably represents a crucial stride towards modernizing our state....

1652. Hourly labor costs in Cyprus rise by 5% in Q1 2023

According to provisional data released by the Statistical Service on Friday, hourly labor costs in Cyprus saw a 5% increase in the first quarter of 2023 compared to the same period the previous year....

1653. Biden outraged over reporter's question on Ukrainian bribery case

US President Joe Biden expressed his outrage when confronted with a reporter's question regarding a potential bribery case involving a Ukrainian businessman, an issue passionately pursued by Republicans in anticipation of the November 2024 presidential election....

1654. Nammos beach restaurant case resolved, set to reopen

The case involving the closure of Nammos Beach restaurant on the island of Mykonos is nearing its conclusion as the Syros Town Planning Authority has certified the company's compliance with the Environment Ministry's request to demolish its illegal structures....

1655. Floating metropolis to tackle climate change

Japanese designers are preparing for rising sea levels in the future — by sitting on top of them in a vast floating city!...

1656. EIT sets up information hub in Cyprus

An announcement was made on Wednesday during an Info Day, co-organized by the European Institute of Innovation and Technology (EIT) and the Research and Innovation Foundation (RIF), regarding the search for a National Secretary to lead and coordinate the upcoming information center called "EIT Community RIS Hub" in Cyprus....

1657. Agricultural land for sale by AstroBank

1658. EU demands Google breakup over antitrust concerns

European Union regulators hit Google with fresh antitrust charges Wednesday, saying the only way to satisfy competition concerns about its lucrative digital ad business is by selling off parts of the tech giant’s main moneymaker....

1659. Backlash over Cyprus' VAT refund change

The recent decision made by the Department of Customs to raise the expenditure limit for VAT refunds to third-country travelers visiting Cyprus is receiving criticism for its adverse effects on tourism expenditure....

1660. CFA president talks trouble in soccer paradise

The top official of the Cyprus Football Association has denied allegations that his group concealed UEFA red notices, telling lawmakers instead that his group made its own rules that were even tougher because police were unable to solve cases...

1661. EU nationals to require electronic travel authorization (ETA) starting next year

Nationals of the 27 European Union Member States traveling to the United Kingdom will need to apply for an electronic travel authorization (ETA) starting next year, which will cost them almost €12....

1662. AstroBank raises deposit interest rates

New 18-month term deposit product at 1.50% annual interest irrespective of amount...

1663. Cablenet and Plume expand partnership in intelligent connectivity for Cyprus homes

Cablenet and Plume joined forces once again in Nicosia to celebrate their successful collaboration and discuss plans for future expansion. The two partners in intelligent connectivity convened to review their market achievements and explore opportunities for growth....

1664. Burisma owner may have Bidens on tape

Shocking revelations in Washington suggest the owner of Burisma, a Ukrainian energy company registered in Cyprus, said he had secretly recorded phone conservations with Joe Biden as 'insurance policy' while accusations continue to build up against the FBI for redacting crucial information from a document alleging bribery and corruption...

1665. JPMorgan chase settles $290M lawsuit with Epstein victims

JPMorgan Chase (JPM) reached a tentative $290 million settlement with victims of Jeffrey Epstein, one of two lawsuits alleging the nation's largest bank ignored warnings about its longtime client and facilitated his alleged sex trafficking....

1666. $280B lost in fraud and mismanagement of US Covid relief aid

A recent investigation conducted by the Associated Press has exposed a rampant wave of fraud and mismanagement in the distribution of federal COVID-19 relief aid in the United States....

1667. 17% of Cypriots admit to purchasing fake goods

According to a report from the European Union Intellectual Property Office (EUIPO), Cypriots have admitted to accessing content illegally, particularly for watching sports. ...

1668. Al Jazeera case to be refiled as court reshuffling halts proceedings

Next week, the criminal case related to the Al Jazeera media network's reporting and events surrounding the exceptional naturalization of foreign investors and businessmen will be refiled based on the findings of the Nicolatos Committee, as reported by CNA....

1669. June Newsletter - Deadline for settlement of taxes through self-assessment

1670. Innovative payabl. POS Card Terminals make omnichannel payments simple and easy

Get ready to embrace the future of payments with payabl. - the cutting-edge payments company that's shaking up the industry. In a game-changing move, payabl. has just launched its revolutionary point-of-sale (POS) solution for in-person payments, aimed at transforming the way retailers conduct business. The best part? This is happening right now in Cyprus....

1671. Regulatory change delays electric air taxi market entry

The era of electric air taxis is near, but a regulatory change has created an obstacle for manufacturers. ...

1672. Building and agricultural land for sale by AstroBank

1673. Jurisdiction war persists in fake cocaine case

Cyprus Police have issued arrest warrants for two drug trafficking suspects after they failed to appear in court, but things are far from clear as SBA authorities on the island claim jurisdiction over the case in what has become an unprecedented legal clash...

1674. Cyprus's slow ride on the electric car bandwagon

We are slowly rushing towards zero-emission transportation. The data from new vehicle registrations indicate that while the numbers are increasing, the percentage of electric cars on Cypriot roads remains limited....

1675. Registered jobless numbers drop in May indicating declining unemployment

According to data from the Provincial Labour Offices, the number of registered unemployed individuals at the end of May 2023 decreased to 10,357 persons, marking a decline compared to both the previous month and May of the previous year....

1676. FinMin underlines the importance of disciplined policy

The contact circle with the banks has not been completed, and there will be a new one to adopt measures that will provide relief to borrowers regarding the increased interest rates....

1677. AI-driven job losses surge marking a disturbing trend

Almost 4,000 people who were laid off in May lost their jobs because of artificial intelligence, and it's the first time AI has been listed in the monthly report from Challenger, Gray, and Christmas....

1678. Strong occupancy rates over long weekend translates into thriving leisure sector

Occupancy in leisure businesses throughout Cyprus ranged from 75% to 80% during the Pentecost long weekend, known in Cyprus as Kataklysmos (Inundation), according to the Federation of Recreation Centres (OSIKA)....

1679. TechIsland and Mercer Join Forces to Revolutionize Tech Industry Compensation in Cyprus

A new era for the booming Tech Industry...

1680. Unresponsive private plane flies over Washington DC, crashes

A wayward and unresponsive business plane that flew over the nation’s capital Sunday afternoon caused the military to scramble a fighter jet before the plane crashed in Virginia, officials said. The fighter jet caused a loud sonic boom that was heard across the capital region....