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1231. Finance Ministry undergoes administration overhaul

1232. Knitted octopuses emerge as essential companions for preterm babies

In the delicate world of premature infant care, a heartwarming discovery has emerged. Crafted with precision and care, knitted octopus teddies are proving to be indispensable companions for preterm babies....

1233. Highlights and shadows in global New Year's revelry

As the world transitioned into the new year, a kaleidoscope of celebrations unfolded across the globe....

1234. Displaced Gazans seek shelter among lions and monkeys in zoo crisis

In the heart of the Rafah Zoo, amid cages holding monkeys, parrots, and lions, displaced Gazans have found temporary refuge during Israel's 12-week military offensive. ...

1235. Half of container ships avoid Red Sea due to attacks

In a dramatic response to mounting security threats, half of the container ships navigating the Red Sea and the Suez Canal are steering clear of the danger zone....

1236. Turkish official denies corruption allegations

In response to allegations of involvement in a corruption scandal, Fouat Oktay, Chairman of the Foreign Relations Committee of the Turkish National Assembly, vehemently denied any wrongdoing. ...

1237. The best Christmas window displays unveiled

The Limassol Municipality has unveiled the winners of its annual Christmas window decoration competition, spotlighting businesses located within the city's boundaries....

1238. Cypriot brokerage firm probed for money laundering

French and American authorities have launched an investigation into a Cypriot brokerage firm, TCR International Limited, in conjunction with a branch of BNP Paribas, following suspicions of ''aggravated money laundering.''...

1239. Greek-owned tanker broadcasts AIS message to avoid Houthi targeting

In a bid to avoid being targeted by Houthi militants, a Greek-owned tanker, which recently set sail from Russia, has taken an unusual step by broadcasting a message over the Automatic Identification System (AIS) to disassociate itself from Israel....

1240. Landlords urged to be reasonable when pricing rentals

Marinos Keynegirou, the president of the Real Estate Registration Council, warns of escalating prices and dwindling demand in the real estate market's fourth quarter....

1241. Lidl Cyprus embraces diversity among its people

The diversity of Lidl Cyprus’ employees is the main subject of the company's recent campaign. ...

1242. Fire erupts on two small boats at Larnaca Marina

A fire of unknown origin ignited on two small boats at Larnaca Marina around noon, according to local authorities. The police reported that the vessels, where the fire broke out, were promptly towed away from others in the marina to contain the blaze....

1243. How Paphos' Love Bus helps children in need this Christmas

In the enchanting city of Paphos, the holiday season unfolded with the whimsical charm of the "Santa Claus Love Bus," setting the stage for a festive journey that ignited the Christmas spirit among locals....

1244. How much will Christmas dinner cost this year?

The Pancyprian Consumers Association has conducted a comprehensive survey, uncovering the estimated costs of Christmas tables for families in Nicosia....

1245. Half of Cyprus loans vulnerable to Euribor and ECB rates

Half of the loans in Cyprus are "vulnerable" to euribor and the European Central Bank's (ECB) key rates. In 2024 and 2025, we may not expect further increases, but rather possible decreases, according to the Central Bank of Cyprus' Financial Stability Report for 2022....

1246. Cyprus linked to Magnitsky case through luxury hotel investment

The international organization OCCRP, specializing in organized crime and corruption, has once again implicated Cyprus in investment cases related to the luxury hotel Cap St Georges in Peyia. The connection ties back to the infamous Magnitsky case, a high-profile tax fraud scandal in Russia....

1247. President launches state-sponsored arts opportunities for youth

President Nikos Christodoulides announced the initiation of the much-anticipated youth culture card, marking a significant step towards supporting the arts and engaging young minds in the cultural richness of Cyprus. ...

1248. US-led naval coalition forms to protect Red Sea shipping routes

In response to a surge in attacks by Iran-backed Houthi rebels on commercial shipping, the United States, along with more than half a dozen allies, has launched Operation Prosperity Guardian, a reinforced naval task force in the Red Sea, according to a report in the Financial Times....

1249. UK and Cyprus to strengthen global collaboration

The UK Foreign, Commonwealth and Development Office Director General for Europe, Peter Wilson and the Republic of Cyprus Ministry of Foreign Affairs Permanent Secretary, Kyriacos Kouros chaired the first annual review of the UK-Cyprus Memorandum of Understanding....

1250. New cameras boost road safety in Larnaca

In Larnaca province, the photo-marking system is now operational, featuring 18 fixed devices across six locations, starting from December 15, 2023....

1251. US sanctions hit four Cyprus entities tied to Russian defense

In a strategic move, the United States Treasury Department has unveiled a targeted set of sanctions aimed at four legal entities associated with Cyprus....

1252. Chinese elite move billions abroad in economic shift

In a remarkable shift this year, affluent Chinese have moved hundreds of billions of dollars out of the country, capitalizing on the end of COVID precautions that had tightly sealed China's borders for nearly three years....

1253. BOC to revitalize former Orphanides building by 2026

Thoughts from the past year and a half are taking concrete form for the Bank of Cyprus, particularly concerning its plans for the creation of a new central headquarters (BOC Headquarters - Q H)....

1254. Balcony collapse shakes Limassol

In the early hours of the morning, a residential block on Nafpliou Street in Limassol was thrust into chaos as balconies on multiple floors of an apartment building gave way. ...

1255. Makarios Avenue struggles to fulfill commercial expectations

Two years after the official opening of Makarios Avenue (8 December 2021), the commercial success of the street has fallen short of expectations,...

1256. AstroBank: Residential and commercial properties for sale

AstroBank is selling residential and commercial properties in various areas of Cyprus such as Larnaca, Paphos and Nicosia....

1257. Heavy rain hits Kornos, underpass bridge shuts down

The Kornos underpass bridge faced another bout of flooding, leading authorities to close it for traffic due to heavy rainfall....

1258. Billionaires choose Abu Dhabi as global wealth safe haven

In a surprising trend, billionaires including Zhao Changpeng, the Adani family, Ray Dalio, and Vladimir Lisin are flocking to Abu Dhabi's international financial center, establishing special purpose vehicles (SPVs) to safeguard their fortunes....

1259. Farmers rally at Presidential Palace over subsidies

In a dramatic turn of events today, potato and wheat farmers engaged in clashes with the police during their protest outside the Presidential Palace....

1260. Is the digital Euro the ECB's game-changer or a banks' ally?

The digital euro would not be a threat to the role of banks as financial intermediaries, Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) and ECB Governing Council member, has said, stressing that the digital euro will be issued and guaranteed by the ECB and not at the level of the member state....