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31. Ex-Transport Minister and associates headed for trial

Former Transport Minister Marios Demetriades and nine other individuals, including his relatives and two companies, are set for trial in Cyprus’ top court on charges linked to the controversial Cyprus Investment Programme (CIP)....

32. Government announces new measures to help vulnerable households

In a bid to ease energy expenses for vulnerable groups and promote sustainable housing solutions, the Cabinet approved a set of medium-term measures during its meeting on Tuesday, chaired by President Nicos Christodoulides....

33. Cyprus sees €30 Million in luxury property sales in September

In September, the ten priciest property sales in Cyprus totaled €30 million, with Limassol dominating the list, accounting for 62% of these high-value transactions....

34. Cyprus faces financial imbalance as assets fall short of liabilities

As of December 2023, Cyprus' economy is navigating a complex financial landscape, with total assets in financial instruments reaching €869 billion. However, the country also faces a notable financial shortfall, with liabilities exceeding assets by about €29 billion....

35. New EU rules open Cyprus's troubled loan market to foreign investors

In a move that could reshape Cyprus's financial landscape, Parliament recently passed a European Directive that makes it easier for foreign investors to buy non-performing loans (NPLs) in the country....

36. Cyprus claims gold and three bronze medals at ISF Gymnasiade in Bahrain

37. EU pushing for economic ties with Turkey, but where does that leave Cyprus?

According to Kathimerini's Pavlos Xanthoulis, Brussels and Berlin are working to upgrade the Turkish Customs Union, viewing it as a pathway to strengthen economic ties with Turkey. ...

38. FT: Dutch court rules Heineken must pay millions for Greek subsidiary violations

According to a report in the Financial Times, a Dutch court has ruled that Heineken is responsible for competition violations linked to its Greek subsidiary, Athenian Brewery, dating back to the 1990s. ...

39. President unveils €30 million plan to revitalize Troodos region

President Nikos Christodoulides has unveiled a comprehensive plan aimed at revitalizing the Troodos mountainous region, with more than 20 major projects and policy actions set to be implemented. ...

40. Spike in suspicious transactions as Cyprus freezes over €25 million in illicit assets

Reports of suspicious transactions in Cyprus have risen sharply in 2023, reaching levels similar to those in 2021, as per a story by Kathimerini's Dorita Yiannakou....

41. Kotsovolos: One Destination, the full Apple Experience

For those who are looking for the ultimate Apple experience, the answer is simple: Kotsovolos!...

42. Vasilikos terminal in limbo as negotiations hang by a thread

According to Apostolos Tomaras in today's Kathimerini, four months after the Chinese consortium pulled out of the construction of the Vasilikos terminal, efforts to fill the gap are still getting started....

43. Behind the numbers: Are Cyprus's non-performing loans just a makeup job?

Are there good makeup artists in Cyprus? Sometimes I wonder, but since I’m out of the fashion scene, I can’t say for sure. However, when I think back to the banking events of the last 15 years, then yes—at least in the banks, they exist....

44. Disputes delay Pafos-Polis Chrysochous motorway project

In today's Oikonomiki, Dorita Yiannakou reports that the ongoing dispute between the Greek construction company Intrakat and the State over the Pafos-Polis Chrysochous motorway project has led to a stalled construction timeline and potential penalties. ...

45. Bank profits in crosshairs as tax talks heat up

The future of a special tax on bank deposits paid to the state may be heading for a shift, though a final decision is not guaranteed. ...

46. Luxury real estate investment opportunities by AstroBank

AstroBank has listed for sale a luxury villa in Nicosia as well as other residential real estate in Nicosia, Paphos and Larnaca....

47. Limassol and Larnaca set for greener urban transport

Cyprus has officially launched its Sustainable Urban Mobility Plans (SUMP) for Limassol and Larnaca, making a significant step towards the the country’s transition towards greener, more accessible urban spaces....

48. Von der Leyen backs €5 million Paphos Haemodialysis expansion

The new Dialysis Unit at Paphos General Hospital was officially inaugurated this morning by Cyprus President Nicos Christodoulides and European Commission President Ursula von der Leyen....

49. Pierre Gentile assumes role as UN Third Member on Missing Persons

The United Nations Development Programme (UNDP) in Cyprus, welcomes the arrival of Pierre Gentile, who assumed his responsibilities as the new UN Third Member of the Committee on Missing Persons in Cyprus....

50. Over 1,600 domestic violence complaints in first half of 2024

The number of domestic violence complaints in Cyprus has steadily increased over the past five years, prompting concerns among authorities and advocates. ...

51. 1.4 million passengers at Cyprus airports

September ended on a positive note regarding passenger traffic at Larnaka and Pafos Airports, Hermes Airports says in a press release, noting that an all-time record for the month has been set....

52. Limassol office costs outpace London and Amsterdam

Office rental prices in Cyprus, particularly in Limassol, have exceeded those in cities like London and Amsterdam, according to major tech companies operating on the island....

53. Cyprus increases funds for animal welfare groups

President Nikos Christodoulides, marking World Animal Day on Oct. 4, announced the expansion of the mandate of Environment Commissioner Dr. Antonia Theodosiou to include animal welfare. ...

54. Property sales in Cyprus hit €20.9M in August, Limassol leads with €5.4M home

The 10 most expensive property sales across Cyprus in August totaled €20.9 million, with the highest transaction being a house in Ayios Tychonas, Limassol, sold for €5.4 million, according to data from Ask Wire....

55. KEDIPES extends business plan to 2030 for full repayment of state aid

The Cyprus Asset Management Company (KEDIPES) has extended its business plan by three years, pushing its timeline to 2030, with the goal of fully repaying the €3.54 billion in state aid received in 2018....

56. Cyprus banks hike mortgage rates as new loans drop by a third in August

Banks in Cyprus raised the interest rates on home loans in August, while reducing the interest rates offered on household deposits, according to data released by the Central Bank of Cyprus on Wednesday....

57. Government terminates e-Justice contract after failures

A termination letter was sent today (October 2) by the relevant State Ministry, following consultations with the Legal Service, to officially end the contract for the e-justice system due to issues that arose last January. According to reports, the ministry will initiate legal action against the contractor....

58. Cyprus tourism revenue rises to €474 million in July

Tourism revenue in Cyprus grew by €19.4 million in July 2024, reaching €474.0 million, an increase of 4.3% compared to €454.6 million in July 2023, according to the results of the Passenger Survey carried out by the Statistical Service....

59. Over 1,000 dead, one million displaced as Israel strikes Lebanon

European Union foreign ministers will hold an emergency meeting Monday night to address rising tensions in the Middle East following Israel’s airstrikes on Lebanon over the weekend and the death of Hezbollah leader Hassan Nasrallah....

60. Four arrested in connection with escape of armed fugitive

Police have arrested four individuals in connection with the escape of 42-year-old convicted felon Doros Theofanous, known as "The Hairdresser," who fled custody on Thursday, September 26. ...