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1201. Temporary VAT reduction on essentials estimated at €14.5 million

In the upcoming days, most likely early next week, a clearer picture is expected to emerge regarding the government's course of action on the reduced Value Added Tax (VAT) rate for fuel and electricity....

1202. Biden outraged over reporter's question on Ukrainian bribery case

US President Joe Biden expressed his outrage when confronted with a reporter's question regarding a potential bribery case involving a Ukrainian businessman, an issue passionately pursued by Republicans in anticipation of the November 2024 presidential election....

1203. World's first space factory unveiled

A California-based startup co-founded by a SpaceX veteran, Varda Space Industries, announced it has successfully deployed its first satellite, W-Series 1, in orbit....

1204. Cabinet approves Deputy Ministry for Migration and Asylum

The Council of Ministers approved on Thursday the bill for the establishment of a Deputy Ministry for Immigration and Asylum....

1205. Head of betting authority investigated

The head of the National Betting Authority, Ioanna Fiakkou, is currently facing a criminal investigation for allegedly refusing to provide evidence in a probe conducted by a former member of the Ethics and Sports Protection Committee, Harris Savvides, regarding football match-fixing. ...

1206. Agricultural land for sale by AstroBank

1207. Turkish president's construction plans in occupied Kato Deryneia

In a recent statement, Deryneia Mayor Andros Karayiannis expressed concerns regarding Turkish President Recep Tayyip Erdogan's plans for the construction of over a thousand residential units in occupied Kato Deryneia. ...

1208. Cyprus struggles with renewable energy and storage gap

Only 15% of Cyprus' total energy production comes from Renewable Energy Sources (RES), highlighting the country's significant lag in this sector....

1209. Government ends tax break, fuel and electricity prices to rise

The Director General of the Ministry of Finance, Michalis Pantelis, has expressed the government's intention to end the measure of reducing excise tax on fuel and electricity....

1210. 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...

1211. Giuliani believes Burisma bribed people in Cyprus

Former Trump lawyer Rudy Giuliani says people in Cyprus and other countries were paid hush money in a global shakedown of the owner of Burisma in order to keep the Ukrainian energy company above scrutiny...

1212. 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....

1213. 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...

1214. 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....

1215. Erdogan's controversial visit to the occupied areas

Breaking from tradition, Turkish President Recep Tayyip Erdogan embarked on an unauthorized visit to the "TRNC" before his scheduled trip to Azerbaijan on June 13....

1216. Christodoulides' pledge to safeguard Cyprus' reputation

President of the Republic Nikos Christodoulides has stressed that the government will not allow a very small minority of people in the country to tarnish Cyprus' reputation, which was built after many years of effort....

1217. Tackling vulgarity and impunity in politics

MP Andreas Themistocleous' recent display of vulgarity is just one example of a more significant issue within politics, and unfortunately, it won't be the last. ...

1218. Greek islands grapple with doctor shortages as tourism takes priority

Many Greek islands face severe shortages of doctors and nurses and attempts to solve the issue fall afoul of local economies and, in certain cases, government bureaucracy....

1219. Trump indicted on 37 federal counts

Former President Trump was indicted on 37 federal counts, including willful retention of national defense information, conspiracy to obstruct justice, and false statements, according to an unsealed copy of the indictment obtained by Fox News....

1220. 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....

1221. 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. ...

1222. Tesla's 'Optimus' robot: A step towards a sci-fi future?

Have you ever imagined what it would be like if a robot could run your errands, do your chores and maybe even become an extension of you? Well, don't put away your popcorn just yet, because Tesla's new Optimus robot could bring us one step closer to this sci-fi fantasy....

1223. Building and agricultural land for sale by AstroBank

1224. Deaths confirmed after Kherson dam collapse

Rescue teams have been working round the clock in Kherson and the surrounding districts searching for survivors stranded by the flooding....

1225. Cyprus housing prices rise amid increased demand

During the fourth quarter of 2022, housing prices in Cyprus continued their upward trend, driven by increased construction costs and higher demand....

1226. Police warn speed camera van blockers

Traffic police officials are calling on rogue drivers not to block speed camera vans by deliberately parking their vehicles directly behind, warning them of fines in case they get caught...

1227. Parliament approves reduced VAT rate on first homes

The plenary session of the Cyprus Parliament passed on Thursday almost unanimously a law allowing for the imposition of a reduced VAT rate of 5% on the first 130 sqm of a primary residence, including both houses and apartments...

1228. 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....

1229. Female athletes sue to compete on level playing field

A federal appeals court on Tuesday questioned whether a group of female track and field athletes in Connecticut has the right to sue over a policy allowing transgender athletes to compete in girls’ athletic events....

1230. Surge in fraudulent accommodation scams targets holidaymakers

The director of the Electronic Crime Sub-Directorate, Andreas Anastasiades, has issued a warning about a surge in fraudulent activities where criminals are posing as tenants or owners of houses, apartments, and hotels....