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331. Andreas Petsas named new CEO of Eurobank Cyprus

Eurobank Cyprus’ Board of Directors, decided to appoint Mr Andreas Petsas as a Member of the Board of Directors and as the Bank’s Chief Executive Officer (CEO), in a meeting held on 17 September 2024 in Nicosia....

332. Politics Blog: 'The end of the age of Odysseas'

The long-running saga finally came to an end today—a saga that dragged on for months in the courts, but for years in society. For those familiar with the behind-the-scenes drama and the times Odysseas’ eccentric and narcissistic behavior paralyzed the state machinery, the decision was no surprise....

333. IRS experts aid Cyprus in combating money laundering

In October 1931, notorious American gangster Al Capone was sentenced to 11 years in prison on five counts of tax evasion by the federal justice system, marking a pivotal moment in organized crime history in the U.S....

334. Christodoulides to join world leaders at UN's 'Summit of the Future'

Cyprus President, Nikos Christodoulides, is expected to participate in the Summit of the Future, a high-level global summit convened by the United Nations (UN), which will take place on Monday 23rd of September 2024 at the UNHQ in New York....

335. Homebuyers face mounting debts as developers' loans go unpaid

336. Cyprus banks praised by US for stronger sanctions enforcement

US sanctions imposed on entities and individuals in Cyprus are not targeting the country, but “oligarchs and arms traders” enabling “the Kremlin war machine” to continue the war in Ukraine......

337. ''I read it on the internet''

The other day, a colleague at work shared his thoughts with me about the so-called ''woke agenda.'' He argued that it actually serves ''the economic interests of powerful multinationals.''...

338. Christodoulides: ''We cannot operate in 2024 on 1960 terms''

The Cabinet convened yesterday to advance a significant framework of institutional reforms aimed at modernizing Cyprus' state apparatus....

339. Euro-Turkey relations, the Cyprus problem, and an intangible connection

On Thursday morning, High Representative Josep Borrell nearly overlooked mentioning the lunch discussion with Turkish Foreign Minister Hakan Fidan about Euro-Turkish relations at the informal EU foreign ministers' meeting....

340. Banks in Cyprus contribute €1 million to install air conditioners in schools

Cyprus's major banks are stepping up to help install air conditioners in schools, contributing €1 million to the effort. The funds will be distributed equally among the School Boards of the country’s five provinces. ...

341. Why we failed as a country

In July, the resilience of Cypriot society was tested once again as it faced yet another challenge, underscoring its entrapment in heavy fuel oil. This entrapment translates into an annual fine of €200 million due to emissions. ...

342. Paphos man loses €200,000 in online fraud scheme

Police are investigating a new online fraud case involving a large sum of money after a 67-year-old man reported being swindled out of €200,000. The complaint was filed today at the Paphos Police Station, according to Cyprus Police....

343. ''Cyprus crucial to global security,'' says US Ambassador

The U.S. Ambassador to Cyprus, Julie Fisher, stressed the significant role of Cyprus in regional and global security during her remarks at the Overseas Cypriots Conference in Nicosia. ...

344. 70% of Cypriots and Greeks choose card payments over cash

We are moving ever closer to abolishing cash for consumers and businesses....

345. Vasilikos: Cyprus political figures and public officials to be summoned

The European Public Prosecutor's Office has launched an investigation into the construction contract of the Natural Gas Terminal (NGA) in Vasilikos, Cyprus....

346. Cypriot students face €1,100 rents in Limassol

Rising rental prices are placing significant strain on individuals seeking housing in Cyprus and Greece, with particular challenges faced by incoming university students. ...

347. City council revokes honorary title for US Senator Robert Menendez

The Paphos City Council has revoked the decision to award U.S. Senator Robert Menendez the title of Honorary Citizen of Paphos and the Golden Key of the City....

348. EU Commission boycotts Hungarian presidency

In a bold and unprecedented move, the European Commission announced today its decision to ''boycott'' the six-month Hungarian presidency of the Council of the European Union. This action is a direct response to Hungarian Prime Minister Viktor Orban's controversial visits to Moscow and Beijing....

349. Cyprus remains a strong innovator in European rankings

Cyprus maintains its position as a Strong Innovator in the European Innovation Scoreboard for the 3rd consecutive year, the Deputy Ministry of Research, Innovation and Digital Policy said on Monday....

350. Deputy Minister unveils EU's strategic agenda to ministers

Deputy Minister for European Affairs Marilena Raouna presented on Wednesday to the members of the Council of Ministers the EU Strategic Agenda that will guide the work and priorities of the EU institutions for the next five years....

351. ''Cyprus prepared for Lebanon conflict fallout,'' says Kombos

A possible spillover of the conflict in Lebanon would have catastrophic consequences, Foreign Affairs Minister Constantinos Kombos said on Tuesday......

352. AstroBank wins international recognition for the second consecutive year

AstroBank has been named Best Private Bank – Cyprus by the Global Private Banking Innovation Awards 2024 for the second consecutive year. ...

353. ECB concerned over Cypriot bank profit tax proposal

In 2023, Cypriot banks reported unprecedented profits, marking a 15-year high, with projections suggesting even greater earnings in 2024....

354. Hearing continues in Auditor General suspension case

The Supreme Judicial Council continues to hear Attorney General George Savvidis' request to suspend Auditor General Odysseus Michaelides on grounds of misconduct. ...

355. Hearing on AG's suspension adjourned until tomorrow

The Supreme Judicial Council adjourned today after hearing more arguments on Attorney General George Savvidis' request to suspend Auditor General Odysseas Michaelides for alleged misconduct....

356. ICT sector powers Cyprus' economic growth

Almost all of the productivity growth in Cyprus' economy over the past three years can be attributed to the Information and Communication Technology......

357. Hearing for Auditor General's suspension postponed

The scheduled hearing to address Attorney General George Savvidis' request for the suspension of Auditor General Odysseus Michaelides on allegations of misconduct was postponed on Thursday....

358. KEDIPES sends first approvals for mortgage-to-rent scheme

State-owned asset management company, KEDIPES began sending the first approvals for eligible borrowers as part of the government-funded mortgage-to-rent scheme....

359. Ministry pushing for ban on mobile phones in schools

The measure to ban mobile phones in educational institutions across Cyprus is neither sudden nor unprecedented, stated Minister of Education Athina Michaelidou. She noted that similar measures have been implemented in almost all European countries....

360. Cyprus highlights its tech opportunities at London Tech Week

The Ministry of Energy, Commerce and Industry, alongside the Cyprus Trade Centre in London, represented Cyprus at the ''London Tech Week'' exhibition, held from June 10-12, 2024, at the Olympia Exhibition Center....