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91. Cypriot banks sending loans abroad: A growing risk?

Yesterday, I had a conversation with someone who truly understands banking—probably more knowledgeable than many who think they do....

92. New app teaches teens money management

As technology continues to evolve, digital currency is becoming an increasingly integral part of modern life, making daily transactions easier, faster, and more accessible....

93. 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. ...

94. 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....

95. Cyprus’ dirty waste secret haunts ex-Minister eyeing EU job

A waste management scandal in Cyprus is casting a shadow over former environment minister Costas Kadis, just as he seeks a prominent position in the European Union....

96. President Christodoulides urges stronger oversight with new Auditor General

Andreas Papaconstantinou was officially appointed as Cyprus' new Auditor General on Wednesday, following a ceremony at the Presidential Palace with President Nikos Christodoulides. ...

97. 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. ...

98. President Nikos Christodoulides fires police chiefs

Cyprus President Nikos Christodoulides has dismissed the Chief and Deputy Chief of Police, a move widely seen as a response to the recent scandal involving an escaped convict. The president made the decision upon his return from the United Nations General Assembly in New York....

99. Amendment introduced to share geopolitical risks equally on GSI

Late last night, Greece's Ministry of Environment and Energy introduced an important amendment that aims to share the geopolitical risks equally between Greece and Cyprus for the Great Sea Interconnector, ...

100. Illegal construction raises concerns at Latchi tourist site

Authorities are grappling with a series of planning violations at a tourist complex in Latchi, Cyprus, being developed by Israeli interests....

101. 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.''...

102. Cyprus' Supreme Court suspends Auditor General (UPDATE)

UPDATE: The Supreme Constitutional Court unanimously ruled Wednesday to suspend Auditor General Odysseus Michaelides, citing misconduct and incompetence....

103. Meta introduces new ''Teen Accounts'' for Instagram

Meta is rolling out a new ''teen account'' feature for Instagram users under 18, enhancing parental controls over their children's activity on the platform. ...

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

105. Cyprus Air Traffic Control relocation to Kokkinotrimithia underway

The Ministry of Transport, Communications, and Works has announced that intensive preparations are underway for relocating the Air Traffic Control Center of Civil Aviation to its new, purpose-built facility in Kokkinotrimithia....

106. Former Ministers to pay fines after Interconnector tax probe

Fines and fees for former officials linked to Interconnector companies....

107. Police lead investigation into LNG terminal project under EPPO oversight

The investigation on the project for the construction of an LNG terminal in Vasilikos was initiated in March 2024, the press office of the European Public Prosecutor’s Office......

108. 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. ...

109. Financial education in Cyprus schools after Metamax scandal

The ongoing investigation into the Metamax investment pyramid scheme is causing growing alarm across Cyprus. Complaints to police departments have surpassed 100, with over €220,000 allegedly defrauded. ...

110. Yet another delay in Nicosia perimeter road triggers daily penalties for CyField

CyField, the company responsible for constructing Nicosia's perimeter motorway, is bein genalized €5,500 as of today, July 16. The Transport Minister, Alexis Vafeadis, confirmed this development during an interview with SPOR FM 95.00's ''Diaspora News.''...

111. Legal challenges mount over Vasilikos Terminal abandonment

Cyprus is preparing for significant changes in its energy sector following the formal termination of the contract between the Natural Gas Infrastructure......

112. Cyprus faces financial hit as Chinese consortium exits energy project

Following the public admission by Energy Minister George Papaconstantinou, the agreed separation between Cyprus' Natural Gas Infrastructure Company (ETYFA) and the Chinese consortium CPP-METRON Consortium Ltd (CMC Ltd) is imminent, according to a report by Apostolos Tomaras in this Sunday's printed edition of Kathimerini....

113. Cyprus charts course for 2025 budget surplus

President Nikos Christodoulides announced during a Cabinet meeting on Monday that the government is on track to achieve a budget surplus for the fiscal year 2025....

114. Dior bags assembled for €53, sold at €2,600

Italian authorities have uncovered stark realities behind the glitz of fashion catwalks and luxury boutiques during recent raids on local factories and workshops involved in the production of Dior and Armani handbags....

115. Cyprus faces crisis with 120 illegal waste sites igniting fires

In Cyprus, there are approximately 120 illegal waste sites, with the Fire Service in the Nicosia district responding to 45 incidents in the past two years alone, as disclosed by the Parliamentary Environment Committee on Wednesday. MPs have urged relevant authorities to take decisive action....

116. US Surgeon General urges social media warning labels

In a bold move aimed at protecting youth mental health, US Surgeon General Vivek Murthy has proposed mandatory warning labels on social media platforms, akin to those found on cigarette packages. ...

117. Israeli settler defies US sanctions, gains community aid to access frozen funds

For weeks after being sanctioned by the United States, Yinon Levi struggled to pay the bills, living at his farming outpost atop a hill in the occupied West Bank. But the Israeli settler’s problems didn’t last....

118. Cyprus wins IMF praise for strong recovery

The International Monetary Fund (IMF) has praised Cyprus for its robust economic recovery and fiscal discipline, recommending continued efforts......

119. A picture is worth a thousand words

A picture is worth a thousand words, a picture is a gut punch. In Paphos, a woman with a cane lies on the ground in front of a bus stop. Thousands of similar scenes unfold across Nicosia and other cities,...

120. First aid shipment has been driven across Gaza pier, says US military

Trucks loaded with essential aid for the Gaza Strip entered the enclave via a newly constructed U.S. pier on Friday. This marked the first delivery of its kind as Israeli restrictions and ongoing conflict have hampered land-based aid efforts....