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661. Cyprus grapples with lingering private debt woes

In Cyprus, the European Commission consistently highlights the significant economic challenge of private debt through regular post-program or post-memorandum reports....

662. New details emerge in Menendez's Qatari bribery allegations

In a complex legal saga, U.S. Senator Bob Menendez finds himself ensnared in deeper troubles as fresh allegations unfold....

663. Finance Ministry undergoes administration overhaul

664. Cyprus and UK join forces to deliver 90 tons of aid to Gaza

In a joint effort marked by exceptional cooperation, Cyprus and the United Kingdom have successfully dispatched nearly 90 tons of humanitarian aid to Gaza....

665. ''Same-sex childbearing not allowed,'' says Archbishop George

Archbishop George of Cyprus clarifies the content of his Christmas message, which sparked political reactions....

666. Romania and Bulgaria to be part of the EU Schengen area in 2024

According to a report in the Financial Times, Romania and Bulgaria are set to join the EU's Schengen area in March, signaling the conclusion of talks with Austria....

667. European Commission disburses funds to six member states

The European Commission disbursed payments to six Member States Thursday, under the Recovery and Resilience Facility (RRF)....

668. T/C leader faces bribery scandal involving former Turkish VP

Reports and a leaked audio document are causing a stir in the Turkish Cypriot community, suggesting that Fuat Oktay, former Turkish vice-president handling the Cyprus file for Ankara, received a $50 million bribe from the late...

669. Turkish official denies corruption allegations

In response to allegations of involvement in a corruption scandal, Fouat Oktay, Chairman of the Foreign Relations Committee of the Turkish National Assembly, vehemently denied any wrongdoing. ...

670. EC allocates recovery funds to six member states

The European Commission disbursed payments to six Member States on Thursday, marking a milestone in the implementation of the Recovery and Resilience Facility (RRF). ...

671. Cypriot brokerage firm probed for money laundering

French and American authorities have launched an investigation into a Cypriot brokerage firm, TCR International Limited, in conjunction with a branch of BNP Paribas, following suspicions of ''aggravated money laundering.''...

672. Landlords urged to be reasonable when pricing rentals

Marinos Keynegirou, the president of the Real Estate Registration Council, warns of escalating prices and dwindling demand in the real estate market's fourth quarter....

673. Wolfgang Schäuble, former German Finance Minister, dies at 81

Wolfgang Schäuble, the influential former German Finance Minister and speaker of the Bundestag, passed away at 81, leaving a profound mark on European financial affairs....

674. As 2023 ends, banks and unions lock horns on pay structures

The banks and bank employees' unions are at odds over labor issues and the signing of new collective agreements. As we approach the end of 2023, no significant progress has been made in renewing collective agreements during the outgoing year....

675. Cyprus housing crisis deepens amid interest rate scandal

With current interest rates, the prospect of repaying a mortgage spans nearly fifty years for an average family, turning homeownership into an elusive dream....

676. Cyprus eyes new measures amid migration challenges

There may have been progress so far in the management of migration, according to figures released by the government these days, but this is mainly due to a sharp decline in the number of applicants from African countries, ...

677. Navigating the festive frenzy

The government is grappling with significant challenges in managing and addressing the housing needs of its building stock....

678. How much will Christmas dinner cost this year?

The Pancyprian Consumers Association has conducted a comprehensive survey, uncovering the estimated costs of Christmas tables for families in Nicosia....

679. 2024 budget gets green light – Inside scoop on state wage proposals

The 2024 budget was passed into law relatively comfortably, with a total of 37 MPs voting for it, while 19 were opposed. ...

680. Half of Cyprus loans vulnerable to Euribor and ECB rates

Half of the loans in Cyprus are "vulnerable" to euribor and the European Central Bank's (ECB) key rates. In 2024 and 2025, we may not expect further increases, but rather possible decreases, according to the Central Bank of Cyprus' Financial Stability Report for 2022....

681. Cyprus linked to Magnitsky case through luxury hotel investment

The international organization OCCRP, specializing in organized crime and corruption, has once again implicated Cyprus in investment cases related to the luxury hotel Cap St Georges in Peyia. The connection ties back to the infamous Magnitsky case, a high-profile tax fraud scandal in Russia....

682. PwC Cyprus recognized for leading the way in ''gender equality''

PwC Cyprus was honored with the renewal of the ''Gender Equality Employer'' Certification at a ceremony held by the Ministry of Labour and Social Insurance on December 15, 2023....

683. Businesses to cut greenhouse gas targets by 10%

Businesses revise climate targets as reality of long-term sustainability transformation hits. Sustainability progress plateaus as short-term pressures and external forces hit CSO agenda....

684. US-led naval coalition forms to protect Red Sea shipping routes

In response to a surge in attacks by Iran-backed Houthi rebels on commercial shipping, the United States, along with more than half a dozen allies, has launched Operation Prosperity Guardian, a reinforced naval task force in the Red Sea, according to a report in the Financial Times....

685. Preventive pediatrics expansion: Center takes on eight more diseases

''The CPP has been carrying out a project on behalf of the State for 35 years and covers the needs of the entire population of the country free of charge on a voluntary basis'', says Fotini Tsiridou, the president of the Association of Friends of the Center of Preventive Pediatrics ''Amerikos Argyriou'' and councillor of DISY, to ''K''....

686. EU's Schinas criticizes veto use, stresses need for compromise

European Commission Vice President Margaritis Schinas voiced concerns about the use of the veto as a primary defense tactic, stating that it hinders compromise rather than facilitating it....

687. CBC warns of non-performing loan surge amid economic challenges

The Central Bank of Cyprus (CBC) issued a warning on Monday, cautioning about the potential influx of non-performing loans (NPLs) driven by high-interest rates and inflation, which are impacting households' disposable income and businesses' profitability....

688. Cyprus and the porn industry: High-tech hub exposed

For many years, the Republic of Cyprus, due to its art visa law, served as a hub for white flesh trafficking....

689. EU summit reaches compromise on Euro-Turkish issues amidst Cyprus concerns

The European Union Summit recently brokered an informal compromise on Euro-Turkish matters, redirecting decisions on the Borell/Commission document and proposed ''gifts'' to Ankara to seven pillars...

690. Cyprus faces dilemma as EU puts Turkey's wishes first

On Monday, behind the scenes in Brussels, an agreement was reached and sealed in the evening at the diplomatic level on Euro-Turkish relations....