Search

1. 10% reduction in electricity costs

The Minister of Energy, Trade and Industry, Ms. Natasa Pileidou, today announced a series of measures designed to ease the skyrocketing costs of electricity in households and business....

2. One small step for man...

The SpaceX Falcon 9 rocket took off from Kennedy Space Center in Florida this morning shortly after 3 am Cyprus time....

3. Johnson & Johnson Vaccine: Is a booster shot necessary?

The New York Times answers questions about J&J booster shots...

4. September 11: Twenty years since the day that changed the world

Twenty years have passed since the terrorist attacks on the Twin Towers in New York...

5. Greece is more secure with Biden as president

US Senator Bob Menendez is one of Greece and Cyprus’ greatest supporters and he exerts considerable power and influence in the foreign policy arena....

6. Cyprus receives 157 million for Recovery and Resilience Plan

The European Commission today has disbursed €157 million to Cyprus to help kick-start reforms and investments....

7. Are COVID boosters needed?

Advisers to the U.S. Food and Drug Administration are expected to discuss whether boosters will help....

8. Accountants to have bigger say in important investments

Chartered accountants will be given a role in speeding up investment projects deemed “strategic” by the state, according to a bill still in the public consultation stage. Besides their usual role in attesting the legality of the investments’ implementation, accountants will also have a role in evaluating the plans. One of the incentives the bill provides to strategic investors is that the plans will be approved and formally given the go-ahead within 45 days....

9. Biden taps close advisor as energy plots thicken

US State Secretary Antony Blinken has appointed a businessman and former lobbyist as energy security envoy, signaling a new strategic focus in Washington in the aftermath of thorny geopolitics over Nord Stream 2 and unresolved issues relating to the eastern Mediterranean...

10. Cyprus awaits endorsement during Ursula visit

European Commission President Ursula von der Leyen flies to Cyprus Wednesday on a two day visit to deliver notes on the government’s recovery and resilience plan submitted two months ago...

11. Vaccinated woman dies of rare blood clot

A local woman in her early 40’s who was vaccinated two months ago has died in hospital, but no yellow card had been submitted prior to her death with officials suggesting her case didn’t fit the bill...

12. Woman arrested in Limassol prostitution bust

Limassol police are keeping a lid on a prostitution bust in Yermasoyia, where two apartments were raided after being suspected of operating as illegal brothels...

13. Jho Low wanted to be a Cypriot banker

A British investigative journalist told an audience in Nicosia that Cypriot-naturalized financier Jho Low had tried to use contacts with Kuwaitis to buy a bank on the island where the Malaysian fugitive could launder stolen money...

14. No concessions to Erdogan, says Bob Menendez

No concessions should be made to Turkish President Recep Tayyip Erdogan 'without a significant behavior change,' US Senator Bob Menendez, a Democrat and chairman of the powerful Senate Foreign Relations Committee, tells Kathimerini...

15. Bone casts doubt in soldier’s suicide story

New forensic evidence pointing to strangulation has emerged in the 2005 death of a soldier, who was said to have committed suicide while serving in Cyprus while his family kept insisting all along that the army had covered up a crime...

16. ECB tells Cyprus lawmakers to get it right

Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that 'such policies can also backfire and destabilize the banking sector if designed in a haphazard manner'...

17. Cyprus bans foreign travelers from India

The Republic of Cyprus has issued an emergency order banning entry of foreign nationals traveling to the island from India, except Cypriots, Europeans, and permanent residents who now must undergo additional screening, in an attempt to slow down further spread of the Indian variant of Covid-19...

18. Cyprus to try hand at luxury camping

Cyprus’s tourism minister says there is great interest in Cyprus becoming a “glamping” destination, but laws need to be amended as luxury camping, a crossover between campgrounds and hotels, is not currently regulated in the Republic...

19. Court battles brewing over COVID measures

Over a hundred complaints and counting are waiting to be heard in Cypriot courts against the government and members of its coronavirus task force, with legality issues being raised over pandemic measures including Safe Pass...

20. School safety issues after unclear incident

A physical altercation at a middle school in Larnaca was behind an impromptu demonstration on Thursday, a day after a teenager went to the school following an argument between his younger brother and others including a teacher...

21. G7 agree on plan targeting tax heavens

The G7 reached a landmark deal on Saturday to pursue higher global tax rates on multinational businesses but the measures need broader support including an EU resolution, with retractors including Cyprus where Amazon recently registered a company...

22. Cyprus enters dome of silence ahead of election

The campaign for the parliamentary elections of Sunday May 30 in Cyprus ends on Friday, with government officials handing over the ballot boxes and 600,000 ballots to the officers in charge of polling stations...

23. Cyprus unveils 'ambitious' stimulus plan

Cypriot President Nicos Anastasiades has called on the new parliament after elections as well as industry leaders to support an ambitious €4.4 billion economic stimulus plan, saying it will lead the country into a new era...

24. Bankrupt Cyprus Mines saga continues

Insurers who could be left footing the bill for personal injury litigation against former talc miner Cyprus Mines Corporation are challenging the company's proposed candidate to represent future tort claimants...

25. Minister warns House over crucial EU money

Cypriot Finance Minister Constantinos Petrides is calling on Parliament to approve structural reforms that come as a condition to the disbursement of over €1 billion from the EU’s Recovery and Resilience Fund...

26. EY Firepower 2021: life sciences M&A falls to one of lowest totals since 2014

EY Firepower 2021: life sciences M&A falls to one of lowest totals since 2014, as biopharmas refocus on alliances and bolt-on deals...

27. Lockdown begins amid legal challenges

The Republic of Cyprus entered a two-week lockdown on Monday, the start of the Holy Week for the Greek Orthodox community, with critics crying foul over some measures including proof of vaccination...

28. Local gov reform heads for summer freeze

Interior Minister Nikos Nouris has been asked by EU officials to give the rundown of the administration’s latest efforts in local government reform, just days after a proposal for a referendum was defeated by opposition parties that cried foul over the move...

29. Covid cases, patients to get to vote through mobile units

The House interior committee gave a green light Monday for setting up mobile voting units for confirmed coronavirus cases in isolation, with the bill being passed on to the plenum for a final vote...

30. 2021 KPMG CEO Outlook Pulse Survey