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1471. Cyprus goes up in smoke as Tsiknopempti takes over

If you’re flying into Cyprus today and notice a thick cloud hovering over the island, don’t worry—it’s not fog, and no, the fields aren’t on fire. It’s just Tsiknopempti, the one day a year when the entire country turns into a giant, open-air BBQ pit....

1472. 2024 global VC investment rises to $368B as investor interest in AI soars

Global VC investment rose from $349.4 billion across 43,320 deals in 2023 to $368.3 billion across 35,684 deals in 2024 despite a multitude of challenges, including global conflicts and geopolitical tensions, uncertainties associated with a significant number of major elections—...

1473. Bank of Cyprus cancels plan to sell JCC Payment Systems

The process for the sale of JCC Payment Systems has been halted, bringing an end to the deal between JCC and Euronet that had been under consideration since the summer of 2024....

1474. Cyprus government gives hotels deadline to get licensed or face closure

The government is giving unlicensed hotels and tourist accommodations a two-year window to secure their operating licenses, with specific milestones and actions outlined along the way. ...

1475. Sklavenitis reopens first renovated Papantoniou supermarket in Engomi

The Pappantoniou supermarket in Engomi has undergone a complete renovation and will reopen its doors in early March under the new name Sklavenitis....

1476. One in three short-term rental accommodations is illegal

1477. Turkish Cypriot teachers protest delayed salaries and discrimination

Turkish Cypriot teachers in the government-controlled area of Cyprus are voicing their frustration over delayed salaries, diminished social rights, and lack of support from their unions....

1478. Car with recalled Takata airbag nearly causes fatal crash

A recalled vehicle equipped with a faulty Takata airbag was involved in a serious accident last week, raising fresh concerns over the ongoing safety risks of these defective airbags....

1479. Investigations continue into tragic fire that killed family

Authorities in Limassol are continuing their investigation into the devastating house fire that claimed the lives of a **family of five** last Saturday....

1480. Bank of Cyprus posts €508M profit for 2024

Bank of Cyprus has posted impressive results for 2024, reporting net profits of €508 million, marking a 4% increase from the previous year’s €487 million. The results reflect the bank's strong performance and growth, despite slight fluctuations in some areas....

1481. Local high school embraces creativity over screens

Palouriotissa High School has embraced an innovative approach to student life after the Ministry of Education's ban on mobile phones in schools....

1482. Aid meant for Gaza civilians diverted to Hamas, according to leaked recordings

In a startling turn of events, newly released recordings from early 2024 reveal that humanitarian aid entering Gaza—intended to help civilians—was instead diverted to Hamas leaders. ...

1483. EY: The biggest risks facing Cyprus and governments worldwide

As we move further into 2025, governments around the world, including Cyprus, are facing a range of challenges....

1484. Are rules only for some? Illegal Latchi hotel expansion set to be approved

A controversial tourist development in Latchi has raised serious concerns over government transparency and adherence to the rule of law, as the construction of a four-star resort faces allegations of long-standing illegalities. ...

1485. Is Cyprus' public sector too large? Hiring freeze lifted amid rising costs.

The Cyprus government is set to fully lift the ban on hiring permanent public sector employees, marking a significant shift from austerity measures imposed over a decade ago....

1486. Tragic house fire in Limassol claims lives of five family members

A devastating house fire in Limassol early Saturday morning resulted in the deaths of a family of five, including three young children....

1487. In Cyprus schools, a 'frying pan movement' collects cooking oil for fuel

Scientists in Cyprus have enlisted children to help recycle used cooking oil into biofuel, Reuters reported last week....

1488. Struggling families at risk of losing homes on government-granted land

Low-income households that received state-owned land to build their first homes now face the real threat of losing their properties to lenders, according to a damning report by the Audit Office of the Republic of Cyprus....

1489. Cyprus Environmental Dept backs Latchi development despite irregularities

A controversial tourist development in Latchi, Paphos, is facing increasing scrutiny as both the Paphos Provincial Municipality and the Environment Department become involved in a growing legal and environmental dispute. ...

1490. Bizarre paramilitary group in Cyprus under investigation

A strange and alarming case has emerged in Cyprus, where authorities are investigating a shadowy group that claims to operate under its own legal and military codes, disregarding the authority of the state....

1491. USAID shutdown leaves Cyprus-based employees in uncertainty

The Trump administration’s abrupt decision to shut down the U.S. Agency for International Development (USAID) has left many of its global employees, including those stationed in Cyprus, in limbo....

1492. Cyprus improves corruption ranking, but challenges remain

Cyprus has made progress in its fight against corruption, according to Transparency International's 2024 Corruption Perceptions Index (CPI)....

1493. Severe storms devastate occupied Karpasia

Heavy rain and hailstorms wreaked havoc across several occupied villages in Karpasia, causing significant damage to homes, outbuildings, and paddocks in Yialousa, Agios Andronicos, Agia Triada, and Melanagra....

1494. Women in Cyprus inch toward equality in science

The number of women working in science across the European Union has been on the rise....

1495. Chemical castration proposed for child rapists in new law

A proposed law currently under development aims to protect children from rapists and address lenient sentencing by introducing chemical castration for convicted individuals as a condition for release from prison....

1496. Audit office wants big changes to land program for low-income families

The Audit Office has called for a major revision of the Land Allocation Plan for low-income families....

1497. DiCarlo’s visit to Cyprus paves the way for Geneva Conference on Cyprus issue

The two-day visit of UN Assistant Secretary-General for Political and Peacekeeping Affairs, Rosemary DiCarlo, marked a significant step in the UN’s efforts to organize an international conference on the Cyprus issue, set to take place in Geneva, Switzerland, ...

1498. Shortcomings in Cyprus citizenship and immigration processes

A recent audit of the Department of Population and Immigration (DPI) has revealed significant delays in the processing of citizenship applications, particularly those based on marriage to a Cypriot citizen....

1499. Freedom Holding Corp. reports 57% surge in Q3 revenue, hits $9 billion market cap milestone

Freedom Holding Corp. (FRHC), the parent company of Freedom24, has announced two significant milestones: strong third quarter results for fiscal year 2025 and a record market capitalisation of $9 billion....

1500. Bomb threats target schools across Cyprus, police launch investigation

Schools across Cyprus were placed on high alert Tuesday morning after receiving threatening messages about bomb threats, prompting an immediate police response. ...