Search

1921. Agricultural land for sale by AstroBank

1922. 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....

1923. 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....

1924. 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...

1925. 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....

1926. AstroBank raises deposit interest rates

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

1927. 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....

1928. 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...

1929. 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....

1930. $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....

1931. 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. ...

1932. 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....

1933. June Newsletter - Deadline for settlement of taxes through self-assessment

1934. 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....

1935. 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. ...

1936. Building and agricultural land for sale by AstroBank

1937. 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...

1938. 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....

1939. 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....

1940. 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....

1941. 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....

1942. 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)....

1943. TechIsland and Mercer Join Forces to Revolutionize Tech Industry Compensation in Cyprus

A new era for the booming Tech Industry...

1944. 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....

1945. Overcoming obstacles in Cyprus' green transition

Undoubtedly, the fact that it no longer requires a building permit as a prerequisite for installing a photovoltaic system on residential roofs could be characterized as a positive development in our long-standing effort to turn towards green development....

1946. Demolitions underway as Mykonos businesses tear down illegal structures

Businesses on the island of Mykonos are in a race against time to demolish illegally constructed structures on their premises and avoid being shut down by authorities....

1947. Biden whistleblower hints at Cypriot help in run off

Biden whistleblower Gal Luft appears to have resurfaced after going missing earlier this year in Cyprus, with a New York Post piece suggesting the Israeli professor who was in custody on a US arrant had escaped with help on the island...

1948. Cyprus talks up island’s shipping to India officials

Deputy Minister for Shipping Marina Hadjimanolis described the shipping sector as an invaluable asset for Cyprus, stating her determination to further strengthen Cyprus' position in global shipping...

1949. Pentecost weekend to boost tourism in Protaras

Last-minute reservations are typical for the Pentecost long weekend, as described by tourism professionals....

1950. President Christodoulides calls for stronger anti-corruption measures

In a seminar organized by the Cyprus Bar Association on "Independent Anti-Corruption Authority: legislation, practice, and challenges," President of the Republic, Nikos Christodoulides, emphasized the government's commitment to combating corruption and promoting political accountability....