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421. Declining new loans in Cyprus signals economic shifts

In April 2023, Cyprus experienced a notable decline in new lending, as reported by the Central Bank of Cyprus. ...

422. Finance minister warns of VAT consequences

With the deadlines long expired and the saga of amending the Value Added Tax Law to apply the reduced rate of 5% to specific residential square meters dragging on, Finance Minister Makis Keravnos sounds the alarm, emphasizing the palpable risk of Cyprus being taken to the European Court and fined....

423. 380 CYTA employees on the brink of departure

In an effort to further reduce operational expenses and renew its workforce, Cyta has implemented another voluntary employee exit plan, targeting individuals who meet specific conditions....

424. UN top diplomat in Cyprus tries to bring leaders together

UN Secretary General's Special Representative in Cyprus, Colin Stewart, has been trying to bring together Cyprus President Nikos Christodoulides, and Turkish Cypriot leader, Ersin Tatar, however this has not been made possible for the moment...

425. 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...

426. Child deaths in Khartoum orphanage amid Sudan conflict

At least 60 infants, toddlers, and older children perished over the past six weeks while trapped in harrowing conditions in an orphanage in Sudan’s capital as fighting raged outside....

427. Another senator on board with F35 deal for Greeks

US Senator Jim Risch, the top Republican on the Senate Committee on Foreign Relations, has approved the sale of Lockheed Martin Corp’s F-35 fighter jets to Greece, adding the last signature needed before the deal can go through, Hellas Journal reported on Thursday...

428. Erdogan wins Turkish election

President Recep Tayyip Erdogan has won Turkey’s presidential election, defeating opposition leader Kemal Kilicdaroglu in Sunday’s runoff vote and stretching his rule into a third decade...

429. Cyprus leads in new asylum applicants per population, but overall numbers decrease

Cyprus had the highest rate of new applicants for asylum compared to its population in February 2023, according to data released by Eurostat, the statistical service of the EU. At the same time, however, new asylum applications have significantly reduced compared to last year....

430. FBI reveals plot to kill Queen Elizabeth II during 1983 US visit

Queen Elizabeth II faced a potential assassination threat during a 1983 visit to the US, newly released FBI documents show....

431. EY: 4th Women Fit for Business Program Successfully Completed

432. Cyprus economy continues to shine in April

The Cyprus Composite Leading Economic Index (CCLEI) continued its positive year-over-year growth trend in April 2023, providing further support for the economic forecasts of the Cypriot economy....

433. US publishes new sanctions list with Cypriot entities, raises concerns

In a recent development, the United States released a new sanctions list on Friday (19/05), which includes the names of several Cypriot citizens and entities....

434. Seized titanium en route to Iran

Titanium rods and high-tech lathes, which are raw materials that can have civilian, commercial, but also military use, have been seized by customs officers at the port of Piraeus....

435. BOC: First quarter of 2023 yields €95 million in profit

Bank of Cyprus has released its financial report for Q1 2023, showcasing robust performance and positive indicators across various key metrics....

436. Nicosia revises language on EastMed gas

Cyprus and Israel are in talks over the construction of a pipeline linking their offshore gas fields, Cyprus's energy minister said on Monday...

437. Turkish elections: No matter who wins, Greece remains skeptical

Greek-Turkish Relations Hang in the Balance After Turkish Elections" Subtitle: "Uncertainty Looms as Turkey's Strategic Priorities Likely to Remain Unchanged Regardless of Election Outcome"...

438. Huge child abduction case flops in Cypriot court

A criminal court in Cyprus has acquitted all remaining defendants in a high profile child abduction case, just months after a Norwegian court also vindicated the father of the young girl, whose Cypriot mother accused him six years ago of taking their daughter unlawfully...

439. Interest rates rise for housing and corporate loans

Interest rates for housing loans in March 2023 increased by 1.25% compared to February 2023, while interest rates for corporate loans also rose, according to statistics released Friday by the Central Bank of Cyprus....

440. Russia's Lukoil completes sale of oil refinery in Italy

Russia's second-largest oil producer Lukoil said on Thursday its subsidiary LITASCO had completed the sale of the ISAB oil refinery in Sicily to Cypriot private equity firm G.O.I. Energy following approval by Italian authorities...

441. Cypriot ex-president denies interfering in soccer probe

Former president Nicos Anastasiades, who has denied accusations that he unlawfully interfered in a soccer match-fixing probe, engaged in a back-and-forth with his accuser after he dropped the bombshell firsthand account allegations during a public podcast...

442. EU court rejects appeals against use of BBQLOUMI and GRILLOUMI

The General Court of the EU rejected two appeals made by the Foundation for the Protection of Traditional Cheese named Halloumi against the use of BBQLOUMI and GRILLOUMI by companies in Bulgaria and Sweden....

443. US McDonald's franchisee employed two 10-year-olds, broke labor laws

A McDonald's franchisee in Kentucky employed two 10-year-old children in violation of federal labor laws, the Department of Labor said Tuesday....

444. Banks announce measures on interest rates

Since July 2022, lending rates in Cyprus have risen by 3.5%, putting borrowers in a difficult position with dangerously increasing loan repayments....

445. Cyprus deposits reach €51.9B, loans at €25.1B in March 2023

Total deposits reached €51.9 billion in March 2023, while total loans stood at €25.1 billion, according to data published by the Central Bank of Cyprus on Tuesday, in the April 2023 edition of Monetary and Financial Statistics....

446. Police build disappearance case but no breakthrough

The disappearance of a Limassol man said to be implicated in a convoluted cryptocurrency case continues to baffle Cypriot authorities, following additional arrests and search parties expected to continue after an unsuccessful holiday weekend...

447. 3,000 Ukrainian refugees to be evicted from hotels by end of month

Cypriot authorities plan to evict about 3,000 Ukrainian refugees currently living in hotels in Cyprus by the end of this month....

448. First couple stands at ease during diplomatic reception

Cyprus’ first couple felt right at home on Tuesday when the president and the first lady, both career diplomats by trade, hosted a reception for members of diplomatic and consular missions on the island...

449. The ''other side'' 20 years later

I first saw the queue at the Agios Dometios barricade in February 2004, while serving my term in the Greek Cypriot Force, when a good friend took me to see the point where Greek Cypriots were passing through to go to their villages and towns....

450. Folli Follie trial set for June after lawyers' abstention ends

The trial of Greek jewelry maker Folli Follie is expected to finally take place in June after being deadlocked for some time. This was due to lawyers abstaining from their duties in trials concerning criminal organizations due to legal disagreements concerning a legislative provision stating that any sentences imposed would be served. ...