Search

1. Half a million a month…for a boat that doesn’t move

Half a million a month. That’s what the Cypriot taxpayer is shelling out for the floating platform Prometheus, currently anchored, or, if you ask the cynical, stranded, somewhere off the coast of Malaysia....

2. Cyprus pays hundreds of thousands monthly as FSRU Prometheus sits idle in Malaysia

Cyprus is continuing to incur substantial monthly costs while the floating natural gas storage and regasification unit (FSRU) Prometheus remains idle in Malaysia....

3. UNIC recognized among the PRME Champions Cohort for 2026-2027

The University of Nicosia is proud to announce its selection as a PRME Champion for the 2026-2027 cohort, joining a distinguished global group of 50 PRME Signatory Members recognized for exemplary commitment to advancing responsible management education and accelerating institutional transformation aligned with the Seven Principles of PRME....

4. High electricity bills aren’t going anywhere in 2026

Uncertainty surrounding Cyprus’ biggest energy projects is expected to persist through 2026, as delays at the liquefied natural gas terminal in Vasiliko and mounting complications with the electricity interconnector leave little room for optimism....

5. Lace up or lock up as thousands of runners take over Nicosia tomorrow

Nicosia will be at the center of a major international sporting event tomorrow, Sunday 18 January, as the Bank of Cyprus Nicosia Marathon brings more than 8,000 runners and visitors into the capital. ...

6. Cyprus ranks 14th in global passport power index

The Cypriot passport now ranks 14th in the world, according to the latest Henley Passport Index. The ranking measures the number of destinations a passport holder can access visa-free or with visa-on-arrival....

7. Israeli navy seizes Gaza aid flotilla, arrests Greta Thunberg

The Israeli navy intercepted several boats carrying aid to Gaza overnight, arresting dozens of activists on board, including Swedish climate activist Greta Thunberg. The move triggered a wave of protests and condemnation from governments worldwide....

8. Cyprus restarts gas project with European aid and floating giant Prometheus

Cyprus is gearing up to revive its biggest energy project, the long-delayed natural gas terminal at Vasilikos, after a rocky period following the exit of a Chinese consortium that had taken the lead. ...

9. Toyota opens emergency center for TAKATA airbag replacements

Toyota Cyprus has announced the opening of a dedicated emergency center at the Cyprus State Fair in Nicosia starting April 7. The goal? To accelerate the replacement of faulty TAKATA airbags in thousands of Toyota vehicles imported from non-European markets without official Toyota approval....

10. Vasilikos project needs another €200 million—will it ever be finished?

The ambitious Vasilikos gas terminal project in Cyprus is facing significant financial and logistical hurdles, with an additional €200 million needed to complete construction. ...

11. TOYOTA - Statement on Takata Airbag Recalls

12. No relief in sight as electricity prices to remain high until 2027

Electricity prices in Cyprus are expected to remain elevated for the next two years, according to the chairman of the EAC....

13. ''Prometheas''anchored in Malaysia for inspections

The LNG tanker ETYFA-Prometheas is currently stationed in the Malacca Strait, Malaysia, undergoing technical inspections, according to Energy Minister George Papanastasiou....

14. Paphos FC owner among 77 investors stripped of ''golden passports''

Sergey Lomakin, owner of Paphos FC, is among 77 foreign investors whose Cypriot citizenship, obtained through the controversial "golden passport" scheme, has been revoked by the Council of Ministers....

15. Suez Canal blockage and South China sea clashes threaten global trade

Although the pandemic-induced disruptions in global supply chains have eased and water flow in the Panama Canal has improved, new threats to international trade have emerged....

16. Hezbollah threatens imminent attack on Israel

Hezbollah leader Hassan Nasrallah addressed supporters via video during a ceremony commemorating top commander Fuad Shukr, killed by an Israeli airstrike a week earlier. ...

17. Olympic medalists receive life-changing rewards from home countries

18. Philippines secures China approval for ship supplies

The Philippines announced it has reached an understanding with China regarding resupply missions to the beached Filipino naval ship, the BRP Sierra Madre, a significant flashpoint in the South China Sea....

19. US ready to act after Filipino soldiers fight Chinese barehanded

Filipino soldiers used their ''bare hands'' to fight off armed Chinese coastguard in the disputed South China Sea, a Philippine military chief has said....

20. Fugitive Jho Low stripped of Cyprus of citizenship

The Council of Ministers ratified a decision by the Independent Commission for the Examination of Deprivation of Nationality to revoke the Cypriot citizenship of Malaysian fugitive Jho Low....

21. Turkey to map marine parks in the Aegean

Turkey has announced its own initiative to map marine parks in the Aegean Sea, a move seen as retaliatory against Greece, according to an analysis in the Daily Sabah......

22. April Newsletter of K. Treppides & Co Ltd: Cyprus Securities and Exchange Commission

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...

23. MH370: Captain's mass murder-suicide shock twist

Explosive documents unveiled last-minute alterations to the doomed MH370 flight that disappeared a decade ago, raising suspicions of intentional actions by the captain in a shocking mass murder-suicide. ...

24. Leaked documents reveal extent of China's hacking operations

A significant data breach has exposed over 570 files and documents related to Chinese hacking activities, shedding light on the scale and effectiveness of China's cyber espionage operations....

25. University of Nicosia earns PRME Champion title for sustainability commitment

The University of Nicosia is proud to announce that it has been selected as a PRME Champion for the 2024-2025 cohort. This prestigious recognition is awarded by the Principles for Responsible Management Education (PRME), a United Nations-supported initiative....

26. Houthi strikes send prices soaring in global trade

In recent weeks, the developments in the Red Sea, with the Houthi attacks on commercial ships and their impact on global trade, have dominated the discussions of suppliers with their partners....

27. Americans return home in surprise Venezuela swap

In a significant diplomatic development, Americans, previously considered wrongfully detained in Venezuela, have touched down at a U.S. military base in San Antonio, Texas. ...

28. Online support surges for Nubz, the ''shoe-wearing'' chicken

In the picturesque town of Escondido, California, a captivating saga unfolds as a disabled Malaysian Serama chicken named Nubz finds his place in the hearts of the online community, all thanks to the compassion of dog walker Meech Davignon....

29. 'The honest state'

Whenever Cyprus becomes the focus of an international journalistic investigation, the perception within the media, political circles, and civil society follows a familiar pattern: initial anticipation or curiosity, followed by a few days of discussion about the country's reputation and questionable practices. ...

30. Over 220,000 victims trafficked for Southeast Asia's online fraud schemes

A new UN report estimates that hundreds of thousands of people from around the world have been trafficked to Southeast Asia to run online scams....