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1861. Superyacht in Ayia Napa highlights tourism makeover

A cruise ship offering passengers a luxury yachting experience around the world made a stop in Cyprus’ Ayia Napa over the weekend, with locals highlighting the resort town’s efforts to attract high income visitors as an alternative to tourists balling on a budget...

1862. Slight rise in economic sentiment in May

Economic sentiment in Cyprus improved slightly this May as the Economic Sentiment Indicator (ESI-CypERC) increased by 1.1 points compared with April 2022, according to the results of the Business and Consumer Survey of the Economics Research Center of the University of Cyprus....

1863. Russia ready to allow ships with food to leave Ukraine in exchange of lifting sanctions

Russia is ready to provide a humanitarian corridor for vessels carrying food to leave Ukraine, in return for the lifting of some sanctions, the Interfax news agency cited Russian Deputy Foreign Minister Andrei Rudenko as saying on Wednesday (25 May)....

1864. Cyprus prepares action plan for Monkeypox

Health authorities are drafting a response plan for a possible outbreak of monkeypox in Cyprus, including a vaccination rollout....

1865. Lebanese banks in Cyprus to shut down amid the country's financial crisis

Branches of Lebanese banks operating in Cyprus will shut down following a decision by the country’s Central Bank. A Central Bank of Cyprus (CBC) official has confirmed to CNA the decision taken by the country’s banking regulator....

1866. EU official calls on Cyprus to implement recovery plan or lose funding

A European Commission official on Monday urged the Cypriot authorities to proceed with the implementation of Cyprus’ National Recover and Resilience plan, warning that Cyprus risks losing EU funds in case of new delays....

1867. A new billionaire nearly every day during the pandemic

Some 573 people have joined the billionaire ranks since 2020, bringing the worldwide total to 2,668, according to an analysis released by Oxfam on Sunday. ...

1868. Erdogan blackmail over F-16s and F-35s

Turkey’s opposition to Sweden and Finland joining NATO under the pretext they harbor terrorists is seen in Athens as a cynical attempt to blackmail the US into agreeing to the lifting of all sanctions against the Turkish defense industry....

1869. Bank of Cyprus posts net profit of €21 million in Q1

Bank of Cyprus group announced on Thursday a net profit of €21 million for the first quarter of 2022, compared to net profit of €8 million in the first quarter of 2021....

1870. Cyprus to investigate billionaire’s missing millions

A lawyer for a Jewish billionaire says he is confident Cypriot authorities will investigate a complaint into whether a former Israeli army officer embezzled his client’s money on the island...

1871. Op-ed: Grateful = Healthful

If you really think about it, so many of us should be in a perpetual state of gratitude....

1872. Bank of Cyprus to reduce its employees by 500 in 2022

1873. Pilot school bus program for primary school students to start in September

Minister of Transport, Communications and Works, Yiannis Karousos, announced on Wednesday that a government pilot program offering primary school students bus service to and from their schools will begin in September....

1874. Bioethics Committee in favor of euthanasia under strict guidelines

The Head of the Cyprus National Bioethics Committee Dr. Constantinos Fellas says that euthanasia could be introduced in society as long as it is not taking place unwillingly and that there has to be a strict framework of conditions in place....

1875. Battlefield scenes as Cypriot farmers descend on capital

Sheep and goat farmers in Cyprus staged a demonstration outside the Presidential Palace in Nicosia on Wednesday, spilling milk and setting hay on fire while some protesters spoke out against any changes in halloumi legislation...

1876. K. Treppides & Co Ltd: Digitalization of the Global Tax Administration

In the era of the coronavirus pandemic, the digital revolution, and the ever-evolving globalization, the digitalization of the tax administration seems to be a one-way route. But what exactly is the digitalization of the tax administration and how this will affect the tax function around the globe?...

1877. New cycling lanes open connecting outskirts with Nicosia town center

The inauguration for the second phase of the construction of cycling lanes connecting the universities of Nicosia with the city center occurred on Saturday,...

1878. EY Cyprus offers Summer Internship Programmes to university and high school students

EΥ Cyprus continues to invest in the younger generation, offering students the opportunity to enhance their skills through its Summer Internship Programmes. ...

1879. Cypriot former FM announces 'non-combative' 2023 run

Cypriot former foreign minister Nikos Christodoulides announced Thursday his non-partisan candidacy for president, with the career diplomat deviating from political norms and promising an all-inclusive, non-combative race...

1880. Chinese embassy in Cyprus speaks out on extradition

The Chinese embassy in Cyprus has responded to reports in local media that accused Beijing of using scare tactics on the island to get a suspect extradited, with an official statement pointing to fake news and offering a different side to the story...

1881. Marcos myths lift dictator’s son to power in Philippines

A video posted in 2020 on YouTube claims the French astrologer Nostradamus predicted the outcome of this week’s presidential election in the Philippines....

1882. Nameless pay-as-you-go phones under scrutiny

Police and intelligence officials in the Republic of Cyprus are pushing again for a ban on anonymous pay-as-you-go phones hoping it will help reduce crime, but critics and phone companies are not buying the argument...

1883. Proposal to abolish Safe pass to be submitted to Cabinet tomorrow

A proposal to lift safe pass checks will be submitted this coming Tuesday during the weekly Cabinet meeting. According to Health Minister, Michalis Hadjipantelas, experts will recommend the abolition of safe the safe pass since the numbers of Covid positive cases and hospitalizations are decreasing on a daily basis....

1884. Price hike of raw materials affecting developers and construction costs

The construction industry is suffering as the price hike of raw materials continues, with developers crushed under higher costs as they are deprived of Russian money....

1885. Frozen Russian reserves should be used to rebuild Ukraine

EU capitals should consider seizing frozen Russian foreign exchange reserves to cover the costs of rebuilding Ukraine after the war, the bloc’s top diplomat has said, as the west debates how to force Moscow to pay for some of the damage the conflict has caused....

1886. Groups pull out of royal concert in Cyprus

Local charities and participants in the platinum jubilee of Queen Elizabeth II next month in Cyprus have turned their backs on the concert following political controversy linked to EOKA, as more participants are now refusing to take part ahead of an election year...

1887. English will be used in newly established commercial and maritime courts

Cyprus' Justice Minister, Stephie Dracos, expressed on Friday her satisfaction with a constitutional amendment to allow the use of the English language by two new Courts that are expected to be created, the Commercial Court and the Maritime Court....

1888. Spread of COVID baffles locked-down Shanghai residents

The cases underscore how difficult it is to stop the spread of the highly transmissible Omicron variant as China clings to its zero-COVID policy, perpetuating a cycle of lockdowns, as well as bafflement, anguish and anger....

1889. Lower interest rates on deposits and consumer loans

A decrease in interest rates on deposits and consumer loans and a marginal increase in the interest rates on mortgages can be seen in the data published on Thursday by the Central Bank of Cyprus for March 2022....

1890. Op-ed: Abortions and the pendulum

A decision by the US Supreme Court to overturn the 1973 ruling that legalized abortion nationwide would resemble a historic turning point. The court’s rulings are usually an indication of how the country’s political pendulum swings;...