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541. Aegean and Cyprus Airways join forces with code-sharing agreement

In a significant move that aims to enhance connectivity and offer improved travel options, Aegean and Cyprus Airways are preparing to announce strategic cooperation through a code-sharing agreement....

542. Former US-based bank executive to lead Turkey's Central Bank

Turkish President Recep Tayyip Erdogan on Friday appointed a former U.S.-based bank executive to head Turkey’s central bank, in another sign that his administration might pursue more conventional economic policies....

543. Cyprus's slow ride on the electric car bandwagon

We are slowly rushing towards zero-emission transportation. The data from new vehicle registrations indicate that while the numbers are increasing, the percentage of electric cars on Cypriot roads remains limited....

544. 380 CYTA employees on the brink of departure

In an effort to further reduce operational expenses and renew its workforce, Cyta has implemented another voluntary employee exit plan, targeting individuals who meet specific conditions....

545. Climate change and increased wildfires

The occurrence of the first wildfires just before we officially enter the summer period can be perceived as a warning of the danger that Cyprus faces in experiencing extreme environmental destruction from fires in the coming period....

546. Minister highlights progress in migration management efforts

During a recent press conference on migration, Constantinos Ioannou, the Minister of Interior, discussed the current state of asylum applications and the return of irregular migrants to their countries of origin between March and May 2023. He emphasized the government's policies and measures to address these challenges....

547. Christodoulides attends 2nd European Political Community Summit

Maintaining a stable and secure environment in the Eastern Mediterranean remains of the utmost strategic importance, President Nikos Christodoulides said Thursday, addressing the 2nd European Political Community Summit taking place in Chisinau, Moldova....

548. Nicosia's camera system gets an upgrade

As of June 6, 2023, the traffic camera system in Nicosia will undergo an expansion with the installation of new cameras at two controlled intersections. The move aims to improve surveillance and regulation of traffic in the area....

549. German delegation visit to Cyprus highlights good diplomatic relations

Α delegation of the Parliamentary Friendship Group for relations with Cyprus and Malta of the German Bundestag will pay an official visit to Cyprus, between 30 May and 2 June 2023. The visit takes place at the invitation of the Cyprus House of Representatives, an official announcement says....

550. The self-sabotage of a President in less than 100 days

Nicos Anastasiades, undeniably one of the prominent political figures in the region, has faced criticism after many years in the Presidency, which, in some cases, rightly exceeded the boundaries of political deconstruction. ...

551. US expected to release new sanctions list in coming hours

In a long-awaited move, the United States is anticipated to unveil a new sanctions list within the next few hours. ...

552. Christodoulides: 'I am not here to cover for anyone'

"I am not here to cover for anyone," President Nicos Christodoulides emphasized during discussions on the new sanctions lists from the UK and the US....

553. President acknowledges hiring mistakes: Promises reforms for transparency

President Nicos Christodoulides has acknowledged errors in the hiring process of advisers within the Presidency and ministries. Addressing the issue of hiring a consultant at the Deputy Ministry of Culture during his statements in Larnaca,...

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

555. Cheers to the 14th Cyprus wine competition - A toast to wine lovers everywhere!

Get ready to raise your glasses as the 14th Cyprus Wine Competition, a testament to the nation's devotion to the wine sector, is just around the corner! From May 22 to May 26, 2023, Cyprus will host a vibrant extravaganza dedicated to the art of winemaking, attracting wine aficionados from far and wide....

556. Cyprus banks' strict adherence to sanctions worries legitimate entities

Banks have become cautious regarding sanctions imposed by the USA, EU, and UK, and they are not willing to take any risk in serving individuals or entities in Cyprus who are subject to sanctions....

557. 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....

558. Cyprus to extradite Kurdish activist to Germany

The Republic of Cyprus will extradite Kenan Ayaz, a Kurdish activist arrested on terrorism charges, to Germany after the Supreme Court unanimously rejected his appeal on Tuesday, May 16. ...

559. BOC Chief urges sanctioned entities to seek exemptions themselves

The CEO of the Bank of Cyprus, Panicos Nicolaou, expressed the view that individuals and entities subject to sanctions should seek exemption from international authorities in order for banks to allow payments from frozen accounts to business entities....

560. 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...

561. Wagner leader offered Russian troop locations to Ukrainians in exchange for mercy

In an apparent escalation of Yevgeny Prigozhin's public feud with Vladimir Putin over his for-hire army, the leader of the Wagner mercenary group offered to sell out the locations of Russian troops to Ukrainian officials in exchange for their mercy on the battlefield, according to leaked intelligence documents....

562. BOC appoints Bank of America as joint corporate broker, resumes dividend payments

The Bank of Cyprus has announced the appointment of Bank of America Europe DAC (BofA Securities) as a joint Corporate Broker, along with NUMIS Securities Limited (NUMIS) and Keefe, Bruyette & Woods (KBW, acting through Stifel Nicolaus Europe Limited), with immediate effect....

563. Cyprus working on comprehensive refugee policy

The government is working on a comprehensive refugee policy, President of the Republic Nikos Christodoulides said on Monday....

564. Health Ministry reports 10 deaths and over 2000 cases of covid

Ten deaths were announced by the Ministry of Health between April 21 to May 4 due to COVID-19 as well as 2.404 new cases....

565. Expanding Profitability and Strengthening Capital Position

Group Financial Results for the year ended December 31, 2022...

566. Astrobank: 'Reward' plan for good borrowers

Astrobank is currently developing a plan to reward its consistent borrowers by providing relief for those who have mortgage loans worth up to €350,000....

567. Police enforcing smoking ban in closed spaces

Police and health officials in Cyprus have joined forces to launch a new campaign to combat smoking in closed spaces. The initiative, which began on April 28 and will run until June 17, aims to enforce the Health Protection Law and will involve inspections of nightclubs and other venues where smoking is prohibited....

568. Banks announce measures on interest rates

Since July 2022, lending rates in Cyprus have risen by 3.5%, putting borrowers in a difficult position with dangerously increasing loan repayments....

569. 100 Cypriot wines to feature new WineCore logo on packaging

The wine industry in Cyprus is at a turning point, as coordinated upgrading and promotion efforts are underway in both the private and public sectors. ...

570. Cypriot president gets honorary doctorate in Greece

Cyprus President, Nikos Christodoulides, is traveling to Athens today, where he will be awarded an Honorary Doctorate from the University of Piraeus and will participate in the Delphi Economic Forum, organized on a private initiative, with the participation of heads of state and government...