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721. Aphrodite emerges from sea but behind closed doors

NewMed Energy, one of the partners in 'Aphrodite' hydrocarbons field, listed on the Tel Aviv Stock Exchange, will officially announce the delivery of the modified development and production plan of the block on Wednesday, Cyprus Energy Minister George Papanastasiou told the Cyprus News Agency...

722. Natural gas a priority for affordable electricity generation

The Cyprus Chamber of Commerce and Industry (CCCI) agrees with the government's priority to bring natural gas το Cyprus, in order to produce cheap electricity, said CCCI President Christodoulos Angastiniotis, after a meeting held between CCCI and President of the Republic, Nikos Christodoulides, on Tuesday....

723. Titanic unveiled: Remarkable discovery of a gold necklace in the wreckage

A remarkable discovery has been made in the wreckage of the Titanic—an uncovered gold necklace, thanks to the groundbreaking full-size digital scan of the ship....

724. EU launches innovative support center for Green Line trade

The European Commission has announced the establishment of an information and support center, in collaboration with the Cyprus Chamber of Commerce and Industry (CCCI) and the Turkish Cypriot Chamber of Commerce (TCCC), to facilitate legal trade across the Green Line for Cypriot businesses and individuals....

725. Divestments trigger a risk of backlash in the Recovery Fund

As Cyprus races against time to secure €1.1 billion in grants and loans from the Recovery Fund (NextGenerationEU) by June 2026, a new challenge arises. ...

726. Canada and Saudi Arabia restore diplomatic ties after 6 years

Canada and Saudi Arabia have agreed to restore full diplomatic ties and appoint new ambassadors, both countries said on Wednesday, bringing to a close a 2018 dispute that damaged relations and trade....

727. Christodoulides: Shift allowances and overtime compensation from 2024

President Nikos Christodoulides addressed the 60th Congress of PASYDY, the Civil Servants' Trade Union, where he discussed significant developments regarding the restoration of shift allowances and overtime compensation for civil servants....

728. In search of an energy strategy

After President Christodoulides' visit to Israel and his meeting with Netanyahu, two key issues have emerged regarding Nicosia's energy strategy:...

729. Kyriakides: 'Our goal now, medicines for all'

"I have always envisioned a European Health Union, where the European Union would be intimately connected to every citizen regarding health matters....

730. Nicosia begs to differ with ENI boss on EastMed

The Cypriot government says it does not share views on EastMed gas made by ENI boss Claudio Descalzi, who told Italian lawmakers an eastern Mediterranean gas project cannot go forward without Turkey, with Nicosia begging to differ and pointing to other companies willing to take the risk...

731. Italians come clean on EastMed gas

Turkey cannot be left out of the natural gas game in the eastern Mediterranean according to ENI’s newly re-elected CEO Claudio Descalzi, whose recent comments during a parliamentary hearing committee echoed latest developments but also gave credence to Rome’s previous doubts over Cypriot endeavors that bypass Ankara...

732. Cyprus and Netherlands seal double taxation deal

Cyprus' Minister of Finance, Makis Keravnos, expressed his satisfaction for the conclusion of negotiations on a double taxation avoidance agreement with the Netherlands in a meeting Thursday with the Ambassador of the Netherlands in Cyprus, Elke Merks-Schaapveld, according to a press release by the Ministry of Finance....

733. Kyriakides and Becerra: EU and US establish joint health task force

734. Nicosia reminds Europe of unresolved Cyprus issue

President of the Republic Nikos Christodoulides has stressed the need for the member states of the Council of Europe to not forget that the Cyprus problem remains unresolved adding that the current status quo cannot be accepted...

735. 0% VAT rate, the second round

Almost two weeks after the zeroing of the tax rate on seven products (bread, eggs, milk, baby diapers, baby food, feminine hygiene products, and adult diapers), the Ministry of Finance and the Ministry of Commerce are in discussions regarding the next list of products that will have a low or reduced tax rate....

736. Cyprus on verge of becoming LNG hub as talks of Israel pipeline intensify

The announcements made by the Prime Minister of Israel, Benjamin Netanyahu, regarding a pipeline that will transport natural gas from Israel's Exclusive Economic Zone (EEZ) to Cyprus for liquefaction (LNG) and export to European markets...

737. Nicosia scrambles to ease sanctions burden

The Registrar of Companies will accept requests from service providers to replace sanctioned persons with other persons, according to reliable sources...

738. Unions and employers sign new transitional agreement on CoLA

Cyprus’ social partners (trade union and employers) on Friday signed, in the presence of the Minister of Labour and Social Insurance Yiannis Panayiotou, a new transitional agreement on the Cost-Of-Living Adjustment (CoLA) stipulating an increased allowance of 66.7% of last year’s inflation from the previous 50%....

739. British expertise on the table as Leo Docherty speaks to Kathimerini

In an interview with "K" newspaper, Leo Docherty, the British Minister for Europe, highlighted the British commitment to closer collaboration, emphasizing the range of areas where British expertise and cooperation can contribute to addressing issues such as combating illegal financing and exploring support structures for enforcement or addressing potential sanctions evasion. ...

740. Turkey becomes largest source of Schengen visa applications

As Türkiye’s hopes for a near agreement for visa-free travel with the European Union Member States remain dim, the country has now become the largest source of Schengen visa applications, with Turkish nationals filing over 700,000 applications in 2022....

741. Three of four unions accept Labour Minister's improved CoLA proposal

Assuming it is God's will and with PEO's permission on Friday, it's anticipated that the issue of Cost of Living Allowance (CoLA) will come to a close....

742. Cyprus shifts energy policy towards natural gas for power generation

Cyprus' Minister of Energy, George Papanastasiou, announced that the country's strategy regarding the exploitation of natural gas in the Exclusive Economic Zone (EEZ) and other fields in the region will be decided after a workshop at the end of the month with the participation of energy companies in the Eastern Mediterranean. ...

743. Lebanon bans top Cypriot airline from flying over Israeli territories

Lebanon has barred the largest airline in Cyprus, TUS Airways, from flying in the Arab country’s airspace or landing at Beirut–Rafic Hariri International Airport, due to the fact that an Israeli corporation owns nearly half of the shares in the company....

744. Russia's Lukoil completes sale of oil refinery in Italy

Russia's second-largest oil producer Lukoil said on Thursday its subsidiary LITASCO had completed the sale of the ISAB oil refinery in Sicily to Cypriot private equity firm G.O.I. Energy following approval by Italian authorities...

745. The hypocrisy over Varosha

The news of three hotels owned by Greek Cypriots being sold to a Turkish Cypriot entrepreneur in Varosha summarizes our ongoing hypocrisy in the Cyprus issue, both in terms of the displaced and the property aspect in the negotiations....

746. EU gives €60-80m to fund Hellenic defense systems

As part of the moves to strengthen the European defense industry, based on the increased need for defense equipment resulting from the war in Ukraine,...

747. Kilicdaroglu's visa-free travel pledge to Europe unlikely to happen soon

The pledges of the Turkish Presidential Candidate, Kemal Kilicdaroglu, made last month regarding visa-free travel with Europe within three months may not become a reality any time soon after German officials denied such claims....

748. Chevron pushes forward with Cyprus tricky move

Chevron has reportedly started drilling a key appraisal well offshore Cyprus, a development mired in geopolitical controversy over the ethnically-split island as well as neighbor relations...

749. Employers and trade unions clash over CoLA index proposal

Today, Wednesday, May 3rd, employers will have a meeting regarding the Cost of Living Adjustment (CoLA) index, and on Thursday, May 4th, the trade unions will have theirs....

750. More than 330,000 people displaced in Sudan due to conflict

Deadly conflicts in Sudan have displaced more than 330,000 people inside the country, while more than 100,000 have crossed the border to neighboring countries, the United Nations has announced....