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721. Interest rate increases boost Cypriot banks' 2022 profits to €177 million

Bank of Cyprus and Hellenic Bank generated a combined profit of €164.7 Million in Q1 2023, Driven by interest rate increases....

722. Ministry launches summer public schools program

The Ministry of Education, Sports, and Youth (MESY) has officially announced the commencement of the "Summer Public Schools (SPS) Programme" today, marking the beginning of a five-week initiative that will run until July 28, 2023. ...

723. Wheat prices up by more than 6%

The price of wheat rose more than 6% last week amid concerns that the international agreement on the export of Ukrainian grain, which expires on July 18, may not be renewed....

724. Limassol Beer Festival returns with a bang

The highly anticipated MEDFEST - Limassol Beer Festival is set to make its grand return for its fourth edition, promising an even bigger and more impressive experience....

725. Exceptional Real Estate Investment Opportunities by AstroBank

726. Paphos hosts global gathering of dragonfly enthusiasts

Around 80 scientists from 23 countries will gather in Paphos, a coastal town, for the World Dragonfly Congress scheduled to take place from June 25 to July 3....

727. Mitsotakis rules out joint energy exploitation with Turkey

If Turkey wishes to come closer to Europe and make an opening to the West, Greek-Turkish dialog must resume, New Democracy leader Kyriakos Mitsotakis, who is leading the polls ahead of Sunday’s parliamentary elections, said on Wednesday...

728. Cyprus changes tack with plan for gas link to Israel

Cyprus hopes to develop plans for a pipeline linking it to Israel's east Mediterranean gas fields during talks which start next month, the island's top energy official told Reuters...

729. Cypriot House Speaker slams Russian invasion of Ukraine

Cyprus’ full sympathy and support to the people of Ukraine, who are experiencing what the Cypriot people experienced, as a result of the Turkish invasion and occupation of the island by Turkey, was expressed by the President of the House Annita Demetriou, during the Conference of the Presidents of Parliaments of small European States...

730. Turkish president orders completion of illegal airport infrastructure

After the order of the Turkish President to complete and inaugurate the new runway and terminal of the illegal airport in Tymbou on July 20, action has been taken by the "government," writes Geni Duzen, noting that the "regulation" for the "certification of construction, development, licensing, and operation of airports (amendment)" and the "regulation" for the "principles and procedures to be applied in construction tenders (Amendment)" has been published in the "official gazette."...

731. Controversy surrounds expansion of occupied airport

Without receiving significant coverage from the Greek Cypriot media, Turkish Vice President Cevdet Yilmaz made a substantial visit to the so-called TRNC following Erdogan's illegal visit....

732. New policies create passenger backlash at Limassol Port

On Sunday, a wave of reactions was triggered at Limassol port as citizens became aware of a new policy set to be implemented this year by the Deputy Ministry of Shipping. ...

733. Preserving Cyprus' cultural heritage for future generations

The Technical Committee on Cultural Heritage (TCCH) has completed the conservation works at the church of Agios Georgios and the church of Panagia Agia Napa both in the Turkish-occupied Famagusta area, the European Union (EU) and the United Nations Development Programme (UNDP) said on Friday. ...

734. 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....

735. FM calls for London's support in resuming settlement talks

Foreign Minister Constantinos Kombos has expressed Cyprus' expectation for all parties involved in the Cyprus issue to apply pressure and play a constructive role in order to restart settlement talks....

736. Cypriot president briefs UN chief on EU push

President of the Republic Nikos Christodoulides and UN Secretary-General Antonio Guterres held a telephone conversation on Thursday, during which they exchanged views on the next steps regarding the effort to resume the Cyprus talks and agreed to stay in contact on the matter...

737. ECB raises interest rate to 3.20% in ongoing tightening campaign

The European Central Bank (ECB) has announced its decision to raise the interest rate to 3.20%, marking another step in its ongoing monetary policy tightening campaign. ...

738. 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....

739. Man gets eight years in Cyprus’ deadly fire

An elderly man in Cyprus has been sentenced to eight years in prison after he was found guilty in the fire that killed four Egyptian workers...

740. 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....

741. 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....

742. 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....

743. 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....

744. June Newsletter - Deadline for settlement of taxes through self-assessment

745. Anna Vissi to perform live at City of Dreams Mediterranean

Save the date for an unparalleled entertainment experience at the grand opening of City of Dreams Mediterranean. ...

746. 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....

747. UN top diplomat in Cyprus tries to bring leaders together

UN Secretary General's Special Representative in Cyprus, Colin Stewart, has been trying to bring together Cyprus President Nikos Christodoulides, and Turkish Cypriot leader, Ersin Tatar, however this has not been made possible for the moment...

748. Climate change and increased wildfires

The occurrence of the first wildfires just before we officially enter the summer period can be perceived as a warning of the danger that Cyprus faces in experiencing extreme environmental destruction from fires in the coming period....

749. California: Electricity bills based on your paycheck

Most of the time, what you pay for electricity or water or gas depends on how much you use. Leave the air conditioner and the lights on all night, and your electricity bill will spike. Take long, relaxing bubble baths every day, and your water bill will climb....

750. Cyprus bets on all-year-round conference tourism

Cypriot tourism deputy minister Kostas Koumis says Nicosia is keeping an eye on competitors as travelers have many choices for summer destinations, adding the opening soon casino resort in Limassol could make a difference by bringing large conferences to the island throughout the year...