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61. Vasilikos project needs another €200 million—will it ever be finished?

The ambitious Vasilikos gas terminal project in Cyprus is facing significant financial and logistical hurdles, with an additional €200 million needed to complete construction. ...

62. Global fintech investment falls to seven-year low of $95.6 billion in 2024, but uptick in Q4’24 is a sign of cautious optimism says KPMG’s Pulse of Fintech H2’24

2024 was another difficult year for fintech, with just $95.6 billion of investment globally across 4,639 deals....

63. English School Board denies pressure claims, alleges smear campaign

A deepening dispute at the English School in Nicosia has taken another turn, with several board members rejecting allegations made by the headmaster that they pressured him over entrance exam results....

64. Ombudswoman raises alarm over prolonged stay of unaccompanied minors at Pournara

A total of 27 unaccompanied minors have been stranded at the Pournara Temporary Reception and Accommodation Center for an average of 90 days, despite completing all necessary procedures for their transfer, according to a report by Commissioner for Administration and Human Rights Protection, Maria Stylianou-Lottides....

65. Cold snap damages solar water heaters

The recent icy temperatures sweeping across Cyprus haven’t just hit crops hard—they’ve also wreaked havoc on solar water heaters in homes across the island. ...

66.  Unique protected species in Europe killed at the Mavrokolympos Dam

A month ago, the Ministry of Agriculture announced an environmental disaster: the drainage of the Mavrokolympos dam due to a technical failure that could not be repaired. ...

67. Putin gives green light for western companies to return, but on Russia's terms

Russian President Vladimir Putin has opened the door for Western companies to return to Russia, but not without conditions....

68. Turkish media: Discontent over Cypriot Foreign Minister's visit to Syria

69. 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—...

70. Green oasis or business hub? The fight over Nicosia’s State Fair site

The Nicosia Municipality, Nicosia district MPs, and residents of Engomi are increasing pressure on the government to reconsider its plans for developing the State Fair site. ...

71. Government announces minimum wage increase for hotel workers

President Nikos Christodoulides highlighted key economic and labor policy decisions today during a Council of Ministers meeting at the Presidential Palace, emphasizing efforts to boost employment and attract Cypriot professionals back home....

72. Cyprus and Egypt join forces on major energy projects

The Christodoulides administration places great strategic importance—both in terms of energy and geopolitics—on the President’s visit to Egypt....

73. 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. ...

74. The battle over the State Fair site

The Nicosia Municipality is pushing the government to rethink its plans for the State Fair site, with the issue heating up as discussions intensify between local leaders and officials....

75. 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....

76. 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....

77. 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....

78. 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. ...

79. Cyprus leads EU in migrant departures

Cyprus is leading the way in the EU when it comes to managing migration, ranking first in the ratio of migrant departures to arrivals for 2024, with a surprising 179%. ...

80. Trump sanctions ICC in defense of Netanyahu

Former U.S. President Donald Trump has imposed sanctions on the International Criminal Court (ICC), blasting its actions as ''illegal and unjustifiable'' after it issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant....

81. Trump signs order banning transgender women from women's sports

In a controversial move that’s stirring up strong opinions across the country, President Donald Trump signed an executive order on Wednesday to ban transgender women from competing in women’s sports. ...

82. Alexandroupolis and Cyprus in Ankara's ''crosshairs''

From the upgrading of Alexandroupolis as a naval base to the military support of Cyprus, the strategic rearrangement of the region raises serious questions about the future security balances in the Mediterranean and the Balkans....

83. Weed wipeout as authorities seize 1,450 cannabis products

More than 1,450 cannabis-based products were seized by police in 2024 and January 2025....

84. EU warns of strong response to possible US tariffs

The European Union has expressed deep concern over potential US trade measures, cautioning that any tariffs imposed on European goods would trigger a firm response....

85. Trump seeks approval for $1 billion arms sale to Israel

The Trump administration has formally asked Congress to approve a $1 billion arms package for Israel, including thousands of bombs and heavy-duty engineering equipment, according to a report by The Wall Street Journal on Monday....

86. Deadliest U.S. aviation disaster in nearly 25 years claims 67 lives

A horrific midair collision between an Army Black Hawk helicopter and an American Airlines regional jet on January 29, 2025, has resulted in the deaths of all 67 people aboard the two aircraft....

87. Cyprus vs. bureaucracy: Can the red tape finally be cut?

For years, bureaucracy has been a major roadblock for businesses in Cyprus. ...

88. US and Russian figure skaters among dozens dead in mid air crash over DC

A tragic mid-air collision near Washington, D.C., has left at least 30 people dead after an American Airlines flight carrying 64 people crashed into the Potomac River....

89. Turkey announces killing of 15 Kurdish fighters

Turkey announced today that it had killed 13 Kurdish fighters in northern Syria and two in Iraq....

90. Trump pushes for federal workforce cuts—A move Cyprus could learn from

President Donald Trump is making big changes in the U.S. government, offering federal employees a deal to leave their jobs if they don’t want to return to the office. T...