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1. Keravnos urges banks to restructure loans and keep rates low

Cyprus Finance Minister Makis Keravnos has urged banks to restructure loans, maintain low lending rates and bank charges, and increase deposit rates in light of continued basic rate hikes by Central Banks. He warned that otherwise the government "would make different thoughts."...

2. Many Cypriots are climate-aware and ready to fight

According to the European Investment Bank's (EIB) annual Climate Survey, 83% of Cypriots under 30 consider the environmental impact of their future job to be a significant factor in their career choice, while 25% consider it a top priority....

3. KEDIPES: Interest subsidies for good loans in 2023

As a reward for borrowers who stick to the repayment schedule of their credit facilities for the year 2023, KEDIPES is moving forward with an interest subsidy for restructured credit facilities that have the ECB base rate as their base rate....

4. President cancels order for state vehicles

The government has withdrawn the request pending before the parliamentary finance committee for the purchase of vehicles for state officials, the parliamentary finance committee said....

5. The who's who of the Christodoulides government

On Monday afternoon (27/02), Nikos Christodoulides, the country's new leader, unveiled his new administration. Read the detailed biographies of the individuals who make up the new government....

6. EIB financed €250 million worth of green projects in Cyprus

The European Investment Bank (EIB) reported on Wednesday on its strong engagement in Cyprus for 2022, with new financing signed reaching a total of €250 million, all of which was invested in green projects....

7. Plans to upgrade hotels in the mountains and countryside are underway

8. Averof to Christodoulides: 'You can rely on DISY'

The meeting between President-elect Nicos Christodoulides and DISY President Averof Neophytou was described as "excellent" by President-elect Nicos Christodoulides....

9. Five foreign policy challenges for the new President

The eighth President of the Republic of Cyprus takes over, as of March 1, exactly where his predecessor, Nicos Anastasiades, left off: That is, at a critical international juncture, due to the war in Ukraine, and just before the crucial elections in Turkey and Greece ...

10. Nicosia on weapon-buying spree before runoff election

The outgoing President’s Cabinet in the Republic of Cyprus has approved the purchase of lethal weaponry from the United States just days before a highly contested runoff election on the island, which is also expected to receive attack helicopters this year after a controversial decision in Berlin...

11. Cyprus drives hard bargain on EU migration money

Outgoing Cypriot President Nicos Anastasiades will note the disproportionate burden for the Republic of Cyprus due to the increased migration flows, during the European Council summit taking place on Thursday and Friday in Brussels, highlighting the instrumentalization of the migration issue by Turkey...

12. Cabinet approves subsidies to fund digital business upgrades

At today's Cabinet meeting, the Grant Scheme for "Digital Upgrading of Enterprises" was approved. This project is part of Cyprus's Recovery and Resilience Plan (RSP) for the years 2021-2026, and it will be funded by the European Union's (EU) Recovery and Resilience Mechanism (RRM)....

13. EU pushing to create a Common European Degree Label

Mariya Gabriel, the European Commissioner for Innovation, Research, Culture, Education, and Youth, has launched ten Erasmus+ projects to foster new forms of cooperation among higher education institutions across the EU....

14. Half a billion euro investment in digital transformation

Over the next five years, a little more than half a billion euros (€512 million) will be set aside for digital transformation. ...

15. Averof Neofytou speaks to Oriana Papantoniou on 'Diaspora News'

The candidate for the Presidency of the Republic and President of DISY, Averof Neofytou, gave an interview with "SPOR FM 95.0" and the show "DIASPORA NEWS" with journalist Oriana Papantoniou at noon on Tuesday (31/01)....

16. Elections: The political 'crash test' in Brussels

In the interim between the two rounds of presidential elections, EU leaders will convene in Brussels for an extraordinary European Council on migration management and ensuring Europe's economic competitiveness. ...

17. Cyprus plays leading role in natural disaster research in the South Med

Today, a strategic project of particular significance for Cyprus was officially launched at the CERIDES Centre of Excellence of the European University Cyprus in the presence of Environment Commissioner Clelia Vassiliou. ...

18. Greece at the forefront of cutting-edge photovoltaics

The world’s first factory to produce the new third-generation photovoltaics, which can deliver electricity from almost anywhere the sun shines, will be created in Thessaloniki, northern Greece, as part of a major European project....

19. The demand for new homes is dwindling

The large investments and development projects mentioned by Minister of Transport and Works Yannis Karousos in his ministry's recent project presentation may have kept the construction and real estate sector afloat until 2022, but the industry still faces challenges....

20. EC: €5 million in scholarships for Turkish Cypriot community

The European Commission has announced the launch of the EU Scholarship Programme for the Turkish Cypriot community for the academic year 2023/24, with a budget of €5 million from the Aid Programme for the Turkish Cypriot community....

21. More tourists embarking on sustainable travel this year

A new report from the World Travel and Tourism Council (WTTC) and the Trip.com Group has revealed that 69 percent of travelers are actively seeking sustainable travel options for 2023....

22. Cyprus aims for higher targets in green energy

In 2022, renewable energy sources now make up a larger percentage of total energy consumption. ...

23. Sex ed to be introduced in schools by September

Sex education will be introduced in an institutionalized and comprehensive manner beginning in September, covering all levels from pre-primary to third high school. ...

24. Cyprus talks up imminent Chevron announcement

Cypriot Energy Minister Natasa Pilides is waging a battle to ensure Chevron’s reluctant development concept for Aphrodite will stick to plan, but cost-cutting ideas, merger wars, and maritime issues continue to blur options backed by an administration on its last leg...

25. Cabinet: Nine more citizenships revoked

The Council of Ministers today confirmed its previous decision to deprive three investors and six of the dependents of their citizenship status following the expiration of the deadline for objections and the completion of the procedures in the competent committee....

26. Ten hotels in Cyprus, Malta, and Greece replace single-use plastics

Ten tourist accommodations in Cyprus, Greece, and Malta participated in a pilot project that saw the implementation of these solutions....

27. UN chief sees no common ground in divided Cyprus

UN Secretary-General Antonio Guterres' report on the United Nations Peacekeeping Force in Cyprus, released on Wednesday night as an official document of the Security Council, number S/2023/3, records the lack of common ground between the two sides for peace talks leading to a mutually agreeable solution...

28. Cyprus' digital tourism campaign reaches over 1 billion smart phones

The digital campaigns of Cyprus' Deputy Ministry of Tourism are reaching more than one billion smartphones a year, said Deputy Minister Savvas Perdios, speaking at the conference of the Association of Travel Agents "Digi.travel - The Cyprus International Digital Tourism Conference & Expo 2023."...

29. Projects in excess of €48 million will begin in the first quarter of 2023

Projects worth more than €48 million will be tendered in the first quarter of the year under the Cyprus Tomorrow Plan, according to Government Spokesman Marios Pelekanos....

30. Hollywood executives brace for ‘year of turmoil’ in 2023

Hollywood executives are bracing for a brutal “year of turmoil” as the entertainment business faces the combined threat of an economic recession, slower streaming growth, a cinema industry on life support and a potential writers’ strike....