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121. Cyprus to launch first homegrown satellite by 2026

Cyprus is making strides in space technology as the Cyprus Space Research and Innovation Centre (C-SpaRC) prepares to unveil its first satellite, set for launch in 2026. ...

122. Free flu shots offered for GeSY beneficiaries

The Ministry of Health is offering free flu vaccines for GeSY beneficiaries, focusing on protecting vulnerable groups....

123. Three economists win Nobel for studying why nations fail

Economists Daron Acemoglu, Simon Johnson, and James A. Robinson have been awarded the 2024 Nobel Prize in Economics for their research on how institutions shape societies' welfare. Announced by the Royal Swedish Academy of Sciences, the trio will share the 11 million kroner ($1.1 million) prize....

124. Frustrated graduates flee abroad as job markets fail them

Over the past two decades, an educational revolution swept through much of the developing world. ...

125. Digital Agenda: The Bright Side of Cyprus and Its Technological Prospects

Renowned international speakers, top Cypriot innovators, and key government officials came together at the Digital Agenda Cyprus Summit 2024 to discuss the future of digital transformation and global trends in innovation, talent management, and creativity....

126. Attorney General and Auditor General vow strong cooperation

Attorney General George Savvidis and newly appointed Auditor General Andreas Papaconstantinou are determined to work closely together for a smooth and effective partnership. ...

127. ECB to review AKEL’s proposed bank tax amid financial concerns

The European Central Bank (ECB) is set to evaluate a proposed "windfall tax" on banks, commonly associated with the leftist political party AKEL, in Cyprus. ...

128. Prognosys Solutions celebrates 20 Years of innovation and leadership in regulatory compliance

Prognosys Solutions, the leading provider of regulatory reporting solutions for the banking and financial industries in Cyprus, celebrated its 20th......

129. Deloitte Cyprus issues its annual Transparency Report: Fostering resilience, creating enduring value

Deloitte Cyprus issued its 13th Transparency Report covering the period from 1 June 2023 to 31 May 2024. ...

130. Cyprus’ luxury resort tied to Russia’s $230M Magnitsky scandal

Cypriot police are close to completing an investigation into allegations connecting a luxury resort to one of Russia’s biggest financial scandals, the Magnitsky case, according to police officials....

131. US urges tighter oversight of Cypriot service providers to combat financial crime

Cypriot accountants and lawyers are under pressure from U.S. authorities to align with banking standards in combating financial crime. ...

132. Dr. Silas Michaelides recognized as top expert in Artificial Neural Networks

Dr. Silas Michaelides, who leads the ERATOSTHENES Centre of Excellence at the Cyprus University of Technology, has been named one of the world’s top scientists in the field of Artificial Neural Networks, placing in the top 0.5% globally. ...

133. Odysseas Michaelides removed: Court cites breach of public trust

The court’s extensive ruling regarding the dismissal of Odysseas Michaelides from the role of Auditor General introduces new legal precedents concerning the public conduct of institutional figures and those tasked with serving the public interest....

134. Cypriot loan servicers struggle as red loans hit €21.2B

While non-performing loans (NPLs) in Cypriot banks are gradually declining, the situation remains dire for "red loans" held by loan acquisition companies, or "servicers." ...

135. Supreme court ruling on Auditor General fuels corruption debate in Cyprus

The decision to dismiss the auditor general—determined by the highest level of Justice in Cyprus—has sparked a significant public, legal, and political debate....

136. The fall of a man who held the powerful accountable

In the famous film ''Dead Poet's Society'', Welton is an exclusive private boarding school for the American elite, where tradition reigns supreme. The school is conservative and strict, with its main values encapsulated in the motto: ''Tradition, Honor, Discipline, Excellence.''...

137. Oxford and Cambridge slip from top university rankings

In a surprising turn of events, the University of Oxford and the University of Cambridge have fallen to their lowest rankings ever in the UK’s prestigious university list....

138. Respect for justice in action, not just words

The Constitutional Court's decision to remove Odysseas Michaelides as Auditor General deserves careful consideration by all involved before making public statements. ...

139. 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....

140. 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....

141. 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....

142. 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....

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

144. 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......

145. ''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.''...

146. 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....

147. 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....

148. 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. ...

149. 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. ...

150. 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....