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571. Proposed foreclosure reforms spark debate in Cyprus

Three proposals will be discussed at the last Plenary Session of the House of Representatives before the summer recess, along with three scenarios regarding the outcome of the foreclosure framework....

572. Madonna plans tour reschedule after illness

After her hospitalization and stay in the intensive care unit following a bacterial infection, the famous singer Madonna made her first post on social media....

573. Revitalizing democracy: George Pamboridis launches new political platform

George Pamboridis is taking strides towards establishing a political platform, an interactive workshop for political reform, in collaboration with others....

574. Google DeepMind CMO at the Digital Agenda Cyprus summit

Dex Hunter-Torricke, the Chief Communications Officer of DeepMind and a close associate of Elon Musk and Mark Zuckerberg, is coming to Cyprus....

575. Parliament approves foreclosure law

A significant mobilization by the Government and the Central Bank of Cyprus took place this week regarding the framework of foreclosures, primarily to withdraw the "problematic" proposal that, according to the state and banks, would have negative consequences for the Cypriot economy....

576. The government's seven proposals for vulnerable individuals

Finance Minister Makis Keravnos submitted seven government actions aimed at addressing issues related to non-performing loans to Parliament yesterday....

577. Parliament to vote on law for borrowers' foreclosure appeal

The news from the "Oikonomiki Kathimerini" about the suspension of first home foreclosures up to €350,000 until the end of October has been confirmed. ...

578. President urges solution as foreclosure laws vote approaches

Cyprus is heading towards suspending first residence property foreclosures up to 350,000 euros until the end of October....

579. UN chief spells out need for envoy deal on Cyprus

An important step forward would be an agreement with the sides on an appointment of a United Nations envoy, who could explore ways to reach common ground towards resuming negotiations for a lasting settlement in Cyprus, the UN Secretary General says, while urging the leaders to send a clear signal that 'this time things will be different'...

580. Calls for redress in Irish mother and baby home scandal

Ten years after a dark discovery was made in the west of Ireland, Euronews takes a look at the grim legacy of the maternity homes that were still in operation until the end of the 20th century. ...

581. Cyprus reads support into EU Council draft

The inclusion of a specific reference to the Cyprus problem in the text of the conclusions of the forthcoming European Council reflects the support of the EU and partners to reunification efforts, Foreign Minister Constantinos Kombos said in a discussion on the preparation of the meeting, during the General Affairs Council held on Tuesday in Luxembourg...

582. Exceptional Real Estate Investment Opportunities by AstroBank

583. The future building of Legal Service in Cyprus

The Legal Service unveiled a photo showcasing the design of its new building, through a Twitter post. ...

584. France, Belgium, Cyprus, Estonia, and Hungary collaborate on air defense systems

France, Belgium, Cyprus, Estonia and Hungary signed a letter of intent for the joint purchase of the French Mistral air defense systems, two sources aware of the matter said on Monday....

585. Hunter Biden to plead guilty to three federal charges

President Joe Biden’s son Hunter has been charged with failing to pay federal income tax and illegally possessing a weapon and has reached an agreement with the Justice Department, according to a letter filed in U.S. District Court in Delaware....

586. AUB Mediterraneo Paphos: Shaping the future of education in the Mediterranean

As the anticipation builds for the opening of the American University of Beirut - Mediterraneo in Paphos scheduled for September 2023, Kathimerini had the privilege of sitting down with Philip S. Khoury,...

587. 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....

588. Cyprus-Greece maritime connection surpasses 10,000 bookings

During a meeting with Greek Ambassador to Cyprus Ioannis Papameletiou on June 14, Deputy Minister for Shipping Maria Hadjimanolis announced that bookings for the Cyprus-Greece maritime connection have surpassed 10,000 since the line began operating....

589. Chocolate prices to surge

Chocolate enthusiasts should brace themselves for price hikes in the near future, as cocoa prices continue to soar. ...

590. Deadly Mediterranean shipwreck exposes desperate migrant journeys

Wednesday’s deadly shipwreck off southern Greece, involving a large boat carrying migrants that capsized after apparently rebuffing offers of help, is just the latest case of smugglers packing vessels full of desperate people willing to risk their lives to reach continental Europe....

591. US citizens exit Portugal as demand for 'golden visas' plummet 37%

Following the abolishment of the Golden Visa scheme of Portugal some expatriates are leaving the country, based on the report of Bloomberg....

592. Former US-based bank executive to lead Turkey's Central Bank

Turkish President Recep Tayyip Erdogan on Friday appointed a former U.S.-based bank executive to head Turkey’s central bank, in another sign that his administration might pursue more conventional economic policies....

593. Regulatory change delays electric air taxi market entry

The era of electric air taxis is near, but a regulatory change has created an obstacle for manufacturers. ...

594. 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....

595. Cabinet approves tax deductions for businesses and extends tax payment deadline

The Cabinet approved several important measures on Wednesday, including a bill on tax rebates for businesses for energy upgrades, an extension of the tax payment deadline, and a suspension of the obligation to file tax returns for individuals with a taxable income below €19,500....

596. Menendez wants change from Turkey before F-16 approval

A senior US senator who has long opposed the potential sale of F-16 fighter jets to Turkey said on Tuesday he wants Turkish President Tayyip Erdogan to take a 'less belligerent stance toward NATO allies and Turkey’s neighbors before lifting his opposition to the deal...

597. EC challenges 5% VAT proposal for primary residences

Finance Ministry Director-General George Pantelis informed the parliamentary Finance Committee that the European Commission disagrees with the consensual proposal agreed upon in Parliament regarding the imposition of a reduced VAT rate on the construction or acquisition of a primary residence....

598. EU launches innovative support center for Green Line trade

The European Commission has announced the establishment of an information and support center, in collaboration with the Cyprus Chamber of Commerce and Industry (CCCI) and the Turkish Cypriot Chamber of Commerce (TCCC), to facilitate legal trade across the Green Line for Cypriot businesses and individuals....

599. Terkenlis confectionery chain shuts down in Cyprus

After operating in Cyprus for four years, the Terkenlis confectionery chain has made the decision to close its doors. Over the past two weeks, the company has ceased operations and deactivated its social media presence....

600. US publishes new sanctions list with Cypriot entities, raises concerns

In a recent development, the United States released a new sanctions list on Friday (19/05), which includes the names of several Cypriot citizens and entities....