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1201. Al Jazeera case to be refiled as court reshuffling halts proceedings

Next week, the criminal case related to the Al Jazeera media network's reporting and events surrounding the exceptional naturalization of foreign investors and businessmen will be refiled based on the findings of the Nicolatos Committee, as reported by CNA....

1202. 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....

1203. President keeps EU initiative alive after phone call

Dialogue prospects on divided Cyprus may seem small after UN efforts failed this week to bring together the two community leaders, but President Nikos Christodoulides remained upbeat on Thursday over a hard sell to involve Brussels in the peace process, citing a phone call he received on Thursday...

1204. Cyprus banking sector maintains stable solvency ratio

The overall solvency ratio of the Cyprus banking sector stood at 21.2% at the end of December 2022, the same as September 2022, according to data published by the Central Bank of Cyprus on Wednesday....

1205. Innovative payabl. POS Card Terminals make omnichannel payments simple and easy

Get ready to embrace the future of payments with payabl. - the cutting-edge payments company that's shaking up the industry. In a game-changing move, payabl. has just launched its revolutionary point-of-sale (POS) solution for in-person payments, aimed at transforming the way retailers conduct business. The best part? This is happening right now in Cyprus....

1206. The shocking face of violence

In Cyprus, we have witnessed the rapid dissemination, facilitated by the prevalence of audiovisual content on social media platforms, of two videos that expose the brutal and shocking nature of violence. ...

1207. Neither crime nor accident ruled out in Russian fire in Cyprus

Cypriot media reported this week that a fire at the Russian Cultural Center in Nicosia was not the result of a criminal act, but police headquarters on Thursday clarified that while no evidence of arson had been found in their investigation, neither crime nor accident have been ruled out by the department...

1208. Jurisdiction war persists in fake cocaine case

Cyprus Police have issued arrest warrants for two drug trafficking suspects after they failed to appear in court, but things are far from clear as SBA authorities on the island claim jurisdiction over the case in what has become an unprecedented legal clash...

1209. Finance minister warns of VAT consequences

With the deadlines long expired and the saga of amending the Value Added Tax Law to apply the reduced rate of 5% to specific residential square meters dragging on, Finance Minister Makis Keravnos sounds the alarm, emphasizing the palpable risk of Cyprus being taken to the European Court and fined....

1210. Cyprus police rule out arson in Russian Cultural Center fire

Cyprus police have ruled out the possibility that the fire that broke out last April at the Russian Cultural Center in Nicosia was arson....

1211. 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....

1212. UN top diplomat in Cyprus tries to bring leaders together

UN Secretary General's Special Representative in Cyprus, Colin Stewart, has been trying to bring together Cyprus President Nikos Christodoulides, and Turkish Cypriot leader, Ersin Tatar, however this has not been made possible for the moment...

1213. 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....

1214. Revolutionary mRNA vaccine boosts skin cancer treatment by 65%

In a mid-stage trial, Moderna Inc and Merck & Co announced on Monday that the addition of their experimental mRNA-based vaccine has shown a 65% reduction in the risk of spreading the deadliest form of skin cancer when used in combination with immunotherapy alone....

1215. FinMin underlines the importance of disciplined policy

The contact circle with the banks has not been completed, and there will be a new one to adopt measures that will provide relief to borrowers regarding the increased interest rates....

1216. IMF says Cyprus untouched by war fallout

The economy of Cyprus is expected to slow to around 2.5% in 2023, reflecting an erosion in household incomes, tighter financial conditions, and delayed impacts from sanctions against Russia, International Monetary Fund forecasts, after the conclusion of the Article IV consultation with Cyprus...

1217. TechIsland and Mercer Join Forces to Revolutionize Tech Industry Compensation in Cyprus

A new era for the booming Tech Industry...

1218. Cops probe gang assault on food delivery drivers

Six suspects including minors have been arrested in Limassol after a food delivery driver was robbed and later attacked by unknown assailants as he was trying with friends to retrieve his stolen motorcycle at a local park...

1219. Unresponsive private plane flies over Washington DC, crashes

A wayward and unresponsive business plane that flew over the nation’s capital Sunday afternoon caused the military to scramble a fighter jet before the plane crashed in Virginia, officials said. The fighter jet caused a loud sonic boom that was heard across the capital region....

1220. Overcoming obstacles in Cyprus' green transition

Undoubtedly, the fact that it no longer requires a building permit as a prerequisite for installing a photovoltaic system on residential roofs could be characterized as a positive development in our long-standing effort to turn towards green development....

1221. California: Electricity bills based on your paycheck

Most of the time, what you pay for electricity or water or gas depends on how much you use. Leave the air conditioner and the lights on all night, and your electricity bill will spike. Take long, relaxing bubble baths every day, and your water bill will climb....

1222. Biden whistleblower hints at Cypriot help in run off

Biden whistleblower Gal Luft appears to have resurfaced after going missing earlier this year in Cyprus, with a New York Post piece suggesting the Israeli professor who was in custody on a US arrant had escaped with help on the island...

1223. Pentecost weekend to boost tourism in Protaras

Last-minute reservations are typical for the Pentecost long weekend, as described by tourism professionals....

1224. Cyprus' GDP soars: 3.4% growth in Q1 2023

Gross Domestic Product (GDP) in the first quarter of the year reached 6.2 billion euros, marking a 3.4% annual increase....

1225. 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....

1226. Another senator on board with F35 deal for Greeks

US Senator Jim Risch, the top Republican on the Senate Committee on Foreign Relations, has approved the sale of Lockheed Martin Corp’s F-35 fighter jets to Greece, adding the last signature needed before the deal can go through, Hellas Journal reported on Thursday...

1227. EU envoy a modern European approach, says Letymbiotis

The proposal for the appointment of a special envoy from the EU for the Cyprus issue is a modern European proposal that can change the EU's relations with Turkey and solve a longstanding problem, ...

1228. Luxury villas for sale by AstroBank

1229. 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...

1230. Double triumph at the 19th Games of the Small States of Europe

Cyprus on Monday achieved two victories on the first day of the 19th Games of the Small States of Europe, held in Malta....