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2341. 10% reduction in electricity costs

The Minister of Energy, Trade and Industry, Ms. Natasa Pileidou, today announced a series of measures designed to ease the skyrocketing costs of electricity in households and business....

2342. Loizidou case still open as others settle

The conclusion of a meeting by the Committee of Ministers keeps the Loizidou case open for oversight, while other cases are closed due to amicable settlement between Greek Cypriot private citizens and Turkey...

2343. President to leave for Athens, then New York

President Anastasiadis is going to Athens tomorrow to take part in the EUMED Summit, and will continue on to New York for the UN General Assembly....

2344. President Anastasiades begins official meetings in Bahrain

He arrived yesterday in Manama, the nation’s capital, and was greeted by Minister Abdullatif bin Rashid Al Zayani....

2345. Weekend News Roundup

Here are a few of the stories that made news in Cyprus over the weekend....

2346. Turkey, West poised to dance a ‘violent tango,’ foreign policy expert tells K

A lot of Erdogan’s rhetoric focuses on making Turkey a great power. He sees that as challenging European hegemony....

2347. Greece is more secure with Biden as president

US Senator Bob Menendez is one of Greece and Cyprus’ greatest supporters and he exerts considerable power and influence in the foreign policy arena....

2348. Athens taps Cypriot ex-commissioner for Cabinet

The Greek government confirmed on Monday that former European Commissioner for Humanitarian Aid and Crisis Management, Christos Stylianides, will head the newly formed Climate Crisis and Civil Protection Ministry...

2349. University of Nicosia Advances to Top 601-800 Universities in the World

The latest edition of the Times Higher Education (THE) World University Rankings, released on 2 September 2021, reaffirms the University of Nicosia’s (UNIC) global standing, ranking it among the Top 601-800 universities in the world. Correspondingly, UNIC ranks among the Top 250 universities in the European Union....

2350. K. Treppides & Co Ltd: Cryptocurrency

If you do a quick search on the internet on how many people have become “Bitcoin Millionaires” you will be inundated with stories of young individuals who invested their pennies some years ago and have now struck it rich. Currently there are over 100,000 accounts that hold US1,000,000 or more in Bitcoin....

2351. Cyprus worried as Taliban talks amnesty

The foreign ministry in the Republic of Cyprus said non-discrimination against women and girls in Afghanistan should be an 'immediate priority' while there was wide skepticism over Taliban’s latest amnesty comments...

2352. Police investigate ‘dirty cop’ threatening messages

Police say they were shocked after two special officers in custody were being accused of launching death threats against their director in Paphos, with local reports saying some of the messages were deeply disturbing...

2353. Alphamega launches Convenience Store in Ayia Napa Marina

Alphamega Hypermarkets started operating a new store in the Ayia Napa Marina, whose commercial zone was recently opened to the public....

2354. Biden taps close advisor as energy plots thicken

US State Secretary Antony Blinken has appointed a businessman and former lobbyist as energy security envoy, signaling a new strategic focus in Washington in the aftermath of thorny geopolitics over Nord Stream 2 and unresolved issues relating to the eastern Mediterranean...

2355. North soon to establish Varosha czar

An international conference on Varosha is in the works according to Turkish President Recep Tayyip Erdogan, who accused European officials of turning their backs on Turkish Cypriots and further insisted that any steps on Cyprus’ ghost town will be 'in accordance with the law'...

2356. Nicosia, Ankara worlds apart over resolution

Nicosia has welcomed a Security Council resolution that renewed the United Nations peacekeeping mission in Cyprus and also delved into other aspects of the Cyprus Problem, with Ankara crying foul and saying the UN violated its own rules...

2357. Nicosia scores points on UNFICYP draft

Nicosia scored a diplomatic victory on Wednesday on an UNFICYP draft resolution, after members of the Security Council asked to retain narrow language on a federal solution and remove references suggesting a federal framework could be room for finding common ground...

2358. Ankara rejects statement on Varosha

Ankara has remained defiant following a UN Security Council presidential statement that condemned the decision by Turkey and Turkish Cypriots to reopen a residential section of abandoned Varosha...

2359. EY acted as lead advisor to the Government of the Republic of Cyprus for the re-development of the Larnaca Port and Marina area

The Strategy and Transactions team of EY Cyprus undertook a lead financial advisory role on behalf of the Ministry of Transport, Communications and Works (“MTCW”) of the Republic of Cyprus in the successful completion of the transaction for the re-development of the Larnaca Port and Marina area between the Government of the Republic of Cyprus and Kition Ocean Holdings Ltd. ...

2360. Cyprus wants strong UNSC response on Varosha

The UN Security Council is scheduled to tackle Varosha on Thursday, after the Republic of Cyprus requested closed consultations to take place following a Turkish Cypriot announcement to reopen part of the ghost town in the north, a move heavily criticized by Greek Cypriots in the south...

2361. Greek Cypriots mount cancel Varosha campaign

Cypriot President Nicos Anastasiades declared on Tuesday that no Greek Cypriot from Famagusta 'would become an accomplice to Turkish plans' in Varosha, while also rejecting accusations that he was against Turkish Cypriots sharing power on the island...

2362. Erdogan Cyprus visit redraws lines of division

The lines of division on the island of Cyprus are expanding beyond the traditional split along ethnic lines, with a visit by the Turkish president this week expected to cause friction within the Greek Cypriot community over the fate of Varosha but also within the Turkish Cypriot community over political values...

2363. Cavusoglu visit sets threshold in Cyprus talks

Turkish Foreign Minister Mevlut Cavusoglu says Ankara does not accept the mentality that Turkish Cypriots are a minority in Cyprus, accusing Greek Cypriots of denying equality between the two communities while also pulling favors from the European Union...

2364. Nicosia fares well in intense EU council

Nicosia has welcomed a European Council statement that included conclusions on Turkey, after the EU27 leaders held long and protracted consultations that got testy at times especially during Russia talk...

2365. Jho Low wanted to be a Cypriot banker

A British investigative journalist told an audience in Nicosia that Cypriot-naturalized financier Jho Low had tried to use contacts with Kuwaitis to buy a bank on the island where the Malaysian fugitive could launder stolen money...

2366. President focused on agenda after reshuffle

Cypriot President Nicos Anastasiades says this week reshuffle of his Cabinet will serve the government agenda, while blaming the opposition for his coalition-style approach falling flat...

2367. Lute back at it again in Cyprus

UN envoy Jane Holl Lute is back on the island to hold separate discussions on Tuesday with the two Cypriot leaders, just days before the seasoned diplomat’s boss is expected to run shoulders with President Nicos Anastasiades in Brussels...

2368. No concessions to Erdogan, says Bob Menendez

No concessions should be made to Turkish President Recep Tayyip Erdogan 'without a significant behavior change,' US Senator Bob Menendez, a Democrat and chairman of the powerful Senate Foreign Relations Committee, tells Kathimerini...

2369. KPMG Announcement

2370. G7 agree on plan targeting tax heavens

The G7 reached a landmark deal on Saturday to pursue higher global tax rates on multinational businesses but the measures need broader support including an EU resolution, with retractors including Cyprus where Amazon recently registered a company...