https://knews.kathimerini.com.cy/en/news/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...
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/decline-in-asylum-approvals-in-cyprus-in-2022
According to data from Eurostat, the statistical service of the EU, EU countries granted protection status to 384,245 asylum seekers in 2022, up 40% from the previous year. However, in Cyprus, there was a significant decrease in protection status, with only 580 cases being granted (compared to 2,305 in 2021)....
https://knews.kathimerini.com.cy/en/news/cyprus-republic-not-involved-in-the-sale-of-the-3-hotels-in-varosha
Today, a scheduled meeting was held at the Ministry of Foreign Affairs to commemorate the new government's inauguration. The Minister of Foreign Affairs, Mr. Kombos, met with the Municipality of Famagusta, led by Mayor Simos Ioannou. ...
https://knews.kathimerini.com.cy/en/news/turkey-says-it-‘kann-deliver-on-air-defence
A fifth generation stealth fighter jet developed and produced in Turkey was shown off on Monday, with Ankara delivering on a promise made two years ago when the first indigenous engine was put to the test amid F16 restrictions...
https://knews.kathimerini.com.cy/en/news/probe-into-t-c-businessman-s-acquisition-of-g-c-properties-in-varosha
Government officials have refuted reports published by T/C newspaper Yeni Bakis which claimed that a T/C businessman had acquired three Greek Cypriot hotels and two floors of apartment buildings in the closed city of Famagusta with the approval of the Ministry of Interior of the Republic....
https://knews.kathimerini.com.cy/en/news/turkish-cypriot-entrepreneur-purchases-hotels-in-closed-famagusta
Yeni Bakis reported today that a Turkish Cypriot entrepreneur claims to have purchased three hotels and two floors of apartment buildings from their Greek Cypriot proprietors in the closed Famagusta. ...
https://knews.kathimerini.com.cy/en/news/ec-proposes-major-reforms-to-create-single-market-for-medicines
The European Commission has proposed a new single market for medicines in the European Union (EU) to create an attractive and innovation-friendly environment for the research, development, and production of medicines....
https://knews.kathimerini.com.cy/en/news/davis-cup-playoffs-return-to-cyprus
The Cypriot Davis Cup Team will fight in Cyprus for qualification at the European Zone Group B promotion play-offs....
https://knews.kathimerini.com.cy/en/business/e-kalathi-your-digital-tool-for-smart-shopping
Based on the timeline, the implementation of e-kalathi, the new digital platform for monitoring retail product prices, is expected to take place around early 2024....
https://knews.kathimerini.com.cy/en/news/washington-okays-baby-deal-for-turkish-f16
US President Joe Biden's administration is set to move ahead with the sale of a modernization package for Turkey's existing F-16 aircraft, after leaders of US congressional committees gave informal approval, but Turkey's request to buy billions of dollars worth of F-16s remains in limbo...
https://knews.kathimerini.com.cy/en/business/boc-to-pay-dividends-after-12-years
The Bank of Cyprus is the first bank in Cyprus and Greece to receive approval from the European Central Bank (ECB) to pay dividends. The lender is expected to resume paying dividends to its shareholders after 12 years....
https://knews.kathimerini.com.cy/en/news/energy-minister-puts-forth-cyprus-natural-gas-to-cut-costs-for-consumers
Cyprus' Energy Minister George Papanastasiou said that, during his discussions with consortiums operating in the Cypriot Exclusive Economic Zone (EEZ), he suggested the option of importing natural gas quantities from the EEZ for power generation, in combination with LNG exports via a small LNG plant....
https://knews.kathimerini.com.cy/en/business/bill-for-e-kalathi-product-price-comparison-app-submitted-for-cabinet-approval
The bill for the implementation of a digital tool that enables daily information on retail prices and product comparisons is ready for submission to the Cabinet....
https://knews.kathimerini.com.cy/en/news/cysec-fines-cif-one-million-euros-for-regulatory-violations
The Cyprus Securities and Exchange Commission (CySEC) announced its decision to impose a fine of one million euros on the Cyprus Investment Firm (CIF) Itrade Global Ltd....
https://knews.kathimerini.com.cy/en/news/rome-reportedly-okays-lukoil-sale-to-cypriot-firm
Italy gave conditional approval on Tuesday to the sale of the Lukoil-owned refinery in Sicily to Cypriot private equity firm GOI Energy, people familiar with the matter told Reuters...
https://knews.kathimerini.com.cy/en/news/greek-and-turk-connect-over-tombstone-in-istanbul
Kerem Soyyilmaz knew very little about the 1923 population exchange between Greece and Turkey but felt such a strong urge to investigate after discovering in the summer of 2017 a marble slab with an inscription in Greek...
https://knews.kathimerini.com.cy/en/news/officials-seek-middle-ground-in-lambradjia-madness
Officials in Cyprus appear to tolerate lambradjia bonfires even though they are illegal, with police and fire departments pushing for new legislation to tackle a long and dangerous Easter tradition on the island that is not easy to change...
https://knews.kathimerini.com.cy/en/news/unficyp-fails-to-stop-illegal-activities-in-buffer-zone
The Ministry of Foreign Affairs in Cyprus has expressed serious concern over the United Nations Peacekeeping Force's (UNFICYP) failure to stop illegal activities taking place in a stadium located in the buffer zone in Nicosia, despite repeated representations by the ministry....
https://knews.kathimerini.com.cy/en/business/herodotou-european-banking-system-in-good-health
Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou said on Wednesday that there’s concern that the banking problems with some European banks could evolve into something bigger....
https://knews.kathimerini.com.cy/en/news/finmin-stresses-importance-of-stable-legislation-for-out-of-court-auctions
The Finance Ministry has stressed the importance of having stable legislation regulating out-of-court auctions, in tandem with an effective insolvency framework in order to achieve a reduction of bad loans....
https://knews.kathimerini.com.cy/en/news/legalities-and-time-constraints-delaying-repairs-of-refugee-apartments
Attempting to overcome legal and time constraints in the construction of refugee apartment buildings...
https://knews.kathimerini.com.cy/en/news/1-300-loan-applications-submitted-for-oikia-scheme
Applications for 1,318 potentially eligible loans involving a total amount of €131.1 million were submitted under the Oikia scheme, which is a loan management plan with government funds granted under Government Housing Plans....
https://knews.kathimerini.com.cy/en/news/usa-house-votes-to-declassify-covid-origin-report
The House voted unanimously Friday to declassify U.S. intelligence information about the origins of COVID-19, a sweeping show of bipartisan support near the third anniversary of the start of the deadly pandemic....
https://knews.kathimerini.com.cy/en/news/police-union-takes-issue-with-police-body-cam-bill
Cypriot law enforcement officers could soon were body cameras while responding to incidents, but a bill proposal going through a House committee this week could be delayed by objections from police unions...
https://knews.kathimerini.com.cy/en/comment/opinion/real-estate-trends-in-2023
Increased inflation, rising interest rates, rising building costs, rising property values, a slight decline in new development approvals, a slight decline to stabilization in the unemployment rate, a slight increase in GDP, and a slight decline in private lending are just a few indicators of the (very) general economic picture....
https://knews.kathimerini.com.cy/en/news/us-specialist-in-cyprus-to-treat-patient-s-rare-disease-100-funded-by-eu
A significant development in the EU medical industry has occurred in Cyprus involving EU cross-border treatment. Greece's National Healthcare Service (EOPYY) recently approved using the "Planned medical treatment abroad" scheme to cover the costs of a Greek patient receiving surgical treatment for a rare disease by a world-leading US-based surgeon in a private hospital in Cyprus. ...
https://knews.kathimerini.com.cy/en/news/government-s-fuel-tax-reduction-scheme-extended-to-may-4th
The President of the Republic Nikos Christodoulides has already signed the law extending the reduction of fuel taxes until May 4, 2023, following the approval of the relevant bill today, by the House Plenary....
https://knews.kathimerini.com.cy/en/news/two-individuals-stripped-of-french-nationalities-for-planning-attacks
The government of France has stripped two dual nationals of their French nationality after it was found out that they were planning attacks....
https://knews.kathimerini.com.cy/en/news/the-cabinet-s-decision-on-akamas-published-today
The Akamas Local Plan, prepared by the Minister of Interior, was published by K after being approved by the Council of Ministers....
