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1. It's surprising how little was frozen

Upon his arrival at Larnaca airport last Wednesday, Justice Commissioner Didier Raeder brought with him two pressing questions. Firstly, how is it that a country like Cyprus, which has been heavily infiltrated by Russian capital for several years, has only managed to freeze a mere 104 million euros worth of assets belonging to oligarchs under EU sanctions?...

2. EIB financed €250 million worth of green projects in Cyprus

The European Investment Bank (EIB) reported on Wednesday on its strong engagement in Cyprus for 2022, with new financing signed reaching a total of €250 million, all of which was invested in green projects....

3. 'O Captain, My Captain!', says Averof to Nikos

When the poet Walt Whitman wrote the famous poem "O captain! My captain" in 1865, he was thinking of Abraham Lincoln as the "helmsman" and the American state as the ship that anchored safely in Lincoln's hands....

4. Island remembers camps for Holocaust survivors

Cyprus and Israel commemorated on Thursday the 74th anniversary of the closure of the concentration camps for Jewish refugees and Holocaust survivors, who fled Europe after World War II for Israel...

5. The ten-day stretch that ended DISY's crisis

When Averof Neophytou's disqualification from the second round was locked in on Sunday night, he made sure to call his two rival candidates in time to congratulate them on their victory. ...

6. Nicosia on weapon-buying spree before runoff election

The outgoing President’s Cabinet in the Republic of Cyprus has approved the purchase of lethal weaponry from the United States just days before a highly contested runoff election on the island, which is also expected to receive attack helicopters this year after a controversial decision in Berlin...

7. Which names are being floated for the position of Finance Minister?

The new ministerial team will be assembled beginning Monday, February 13. Nicos Christodoulides and Andreas Mavroyiannis, the two candidates for the Presidency of the Republic of Cyprus, will bring in new faces to staff their Ministries....

8. DISY will now face difficult decisions

The embarrassed expressions on the faces of government and DISY executives who had rallied around Averof Neophytou after his defeat were indicative of the difficult dilemmas DISY will face in the coming day. ...

9. Nearly 60 million euros in electricity subsidies doled out since September 2022

10. The new president and finance minister will face new challenges

We are only a few days away from voting for the new President of the Republic. ...

11. Nicosia downplays Leopard rumors as plot thickens

Cypriot Defense Minister Charalambos Petrides says weapons deals were being kept on the down low in response to rumors that Nicosia was seeking German Leopards in exchange for Russian tanks to Kiev, while clarifying his country won’t be stuck with military equipment of the past...

12. Finance Minister responds to CBS: 'Disinformation and fake news' (video)

The report on the CBS show '60 Minutes' about Russian oligarchs was referred to by the Finance Minister in his detailed response on the issue. ...

13. Cyprus under international scrutiny for sanctions on Russian oligarchs - (video)

Regarding the levying of sanctions against Russian oligarchs due to the conflict in Ukraine, Cyprus is being closely watched on a global scale....

14. The fierce battle for second place

15. Finance Ministry: 'Cyprus economy will not enter a recession'

There will be a significant slowdown in economic activity next year, we will be affected by increased energy prices and borrowing costs, but "inflation in Cyprus is being reined in at lower levels" compared to other European member states, ...

16. Calculating tax revenue for the passport program is challenging

It is impossible to estimate and link the amount of government revenue from the CIP to the individuals covered by it....

17. €5.4 million grant from Switzerland for integration projects

The Minister of Finance, Constantinos Petrides and the Swiss Ambassador to Cyprus, Christoph Burgener signed on Monday the Framework Agreement by which Cyprus will receive a grant of €5.4 million for the implementation of projects in the area of Cohesion....

18. Cypriot parliament approves state budget

The House of Representatives plenary approved the 2023 state budget on Thursday evening, the last to be tabled by the 10-year administration of Nicos Anastasiades...

19. The 2023 Budget in the vortex of the elections

The government of President Anastasiades has just submitted its final budget, for 2023. DISY will undoubtedly support the budget, but it will be interesting to see what position it will take if and when the polls are confirmed....

20. Nicosia stays course as economic growth loses steam

Cypriot public finances have improved due to increased growth, although they are expected to be adversely affected due to a projected slowdown in the next few months, according to the 13th Post-Programme Surveillance Report for Cyprus...

21. Rafales swing by Cyprus after testing NATO integration

French fighter jets pierced Cypriot skies over Paphos on Sunday morning, following multicarrier interoperability operations between NATO navies in the Mediterranean...

22. Government owed €16.2m from ineligible first time home buyers

More than 270 people who benefited from the reduced rate of 5% VAT for first-time home buyers, have been found to be ineligible, following checks carried out throughout Cyprus by the Tax Department, and should be charged 19% VAT, totaling €16.2 million announced on Wednesday the Minister of Finance, Constantinos Petrides, after the Council of Ministers. He also announced on-site checks on other categories of taxpayers and types of taxes....

23. Cypriot defense minister visits Serbia

Cyprus’ Defence Minister, Charalambos Petrides was on an official visit to Serbia on Tuesday during which he discussed with his Serbian counterpart, Milos Vucevic, the relations of the two countries in the field of defence and security, as well as current developments ...

24. Petrides: 'The casino will attract hundreds of thousands of tourists'

The government is handing over a modern, more dynamic tourism product that has the capacity to further develop, said on Tuesday Finance Minister Constantinos Petrides in addressing the 44th Cyprus Hotel Summit and Exhibition organized by the Hoteliers’ Association....

25. US-Cyprus army cooperation bill heads to the House

A bill that paves the way for further military cooperation between Cyprus and the Unites States reached the House this week, following months of media hype about the island’s intent to help Ukraine with Russian-made missiles, but the specific agreement explicitly excludes weapons systems...

26. President defers foreclosure mess to attorney general

Cypriot President Nicos Anastasiades has refused to veto legislation that suspends foreclosures yet again until February 2023, essentially calling on the attorney general to examine the constitutionality of the bill as the issue on the presidential election campaign trail continues to heat up...

27. Finance Minister calls for the repeal of foreclosure suspension

The Ministry of Finance proposes delaying the law on divestiture suspension. ...

28. EY holds Cyprus Attractiveness Forum: Investment Realized, a reference point for FDI in Cyprus

The Cyprus Attractiveness Forum: Investment Realized, organized by EY in collaboration with the Cyprus Chamber of Commerce and Industry, took place on Tuesday, October 25th at the Parklane Hotel, in Limassol. ...

29. Petrides: 'We will not impose new fuel taxes'

Finance Minister Constantinos Petrides stated that no new fuel taxes will be imposed, an obligation that should be met by the end of the year....

30. Cyprus seen as ‘special window’ to arming Ukraine

Rumors continue to grow regarding Cyprus potentially supplying Russian-made weapons to Ukraine, with The New York Times this week suggesting Nicosia has been actively discussing better replacements from Washington in recent meetings where Kiev also came up as a topic of discussion...