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151. Politico: Greek companies under scrutiny in EU fund fraud probe

Greek authorities, alongside the European Public Prosecutor’s Office (EPPO), are delving into allegations of fraud concerning the allocation of €2.5 billion in EU funds to just 10 companies in Greece. ...

152. Larnaca port echoes Vasilikos unrest

The ambitious redevelopment of Larnaca's port, a cornerstone of the city's growth, has hit a rough patch....

153. Hellenic Bank's pursuit of CNP Cyprus uncovers uncertainties

The exclusive negotiations between Hellenic Bank and CNP Cyprus Insurance Holdings, a subsidiary of the French insurance powerhouse CNP Assurances, have captured attention for their high stakes and strategic importance....

154. Government considers creation of speed track to boost road safety

The prospect of establishing a dedicated track for speed enthusiasts has emerged as part of efforts to bolster road safety, according to Minister of Transport, Communications, and Works, Alexis Vafeadis....

155. Greece introduces ''talent and tech visas'' for non-EU citizens

Greece is about to introduce more formal incentives for attracting non-European Union citizens, this time based on their talent and expertise, as a means of boosting the country’s supply of skilled staff, which is seriously lagging demand in the high-tech sectors....

156. Municipalities secure government land for new animal shelter

Several municipalities in Cyprus, including Nicosia, Strovolos, Aglantzia, Lakatamia, Ayios Dometios, and Egomi, have announced plans to expand and upgrade the local dog shelter. ...

157. EU probes Chinese subsidy claims in Romania solar tender

158. Audit exposes serious issues in collecting unpaid taxes in Cyprus

An audit report from the Tax Department for 2022 has uncovered a staggering accumulation of over €2.5 billion in arrears, with €1 billion considered unsecure due to delays in necessary measures, the Audit Service revealed....

159. Romania's visa requirement hits 12 countries

Travellers from 12 third countries now need to obtain a Schengen Transit Visa first, before passing through Romania, in order to reach their non-Schengen destination country. ...

160. Storm causes damage to health ministry's drug warehouses in Nicosia

Severe weather on Clean Monday wreaked havoc on pharmaceutical warehouses belonging to the Ministry of Health in Nicosia, Cyprus....

161. Cablenet breaks the 10% market share barrier in mobile contract subscriptions

The market share report published by the Office of the Commissioner for Electronic Communications and Postal Regulation (OCECPR) for the Electronic Communications market until the end of 2023 was fully aligned with Cablenet's 2023 financial performance....

162. Health Insurance Organization fines 40+ providers €80K

The Health Insurance Organization (HIO) has imposed fines totaling 80 thousand euros on over 40 health providers in 2023 for abuses within the General Healthcare System (GHS), according to data obtained by the Cyprus News Agency (CNA)....

163. Akamas road irregularities demand answers

A series of pressing questions has emerged concerning irregularities in the initial phase of the road network construction in Akamas....

164. How Russia defies sanctions with its secret gas fleet

Moscow's response to Western sanctions on the Russian gas industry has revealed a strategic shift in its approach, with the creation of a 'shadow fleet' of liquefied natural gas (LNG) carriers. ...

165. Chinese Ambassador stresses cooperation for Vasiliko LNG success

The main body of the Vassiliko LNG project could be completed at the end of 2024 or early in 2025, as long as various parties can truly work together with......

166. Nike replaces Adidas as sponsor for German National Football team

Nike has secured a landmark sponsorship deal with the German national football team, ousting Adidas from a partnership that has endured for over half a century, signaling a significant blow to the latter's brand....

167. Winter 2024 brings 17% boost in energy production

Energean recorded new production growth in the first two months of 2024. Specifically, the company said in a statement that from 123 thousand......

168. Money laundering allegations hit Spanish football: Officials arrested

The turmoil within Spanish football persists as police conducted a sweeping operation at the country's football federation offices, resulting in multiple arrests of key figures....

169. What are they afraid of?

Transparency is not merely a good thing; it is essential. However, with the exception of one, credit buyout companies seem unwilling to disclose their financial results, keeping them shrouded in secrecy....

170. Cyprus invests €3.2M in 50 green kiosks

Today, Cyprus marked a significant step forward in its environmental efforts with the signing of a contract for the supply and installation of 50 prefabricated Green Kiosks across its mountainous and remote regions. ...

171. Cyprus' defense industry poised for growth

In an interview conducted by Kathimerini reporter Andreas Karamitas, Dr. Tasos Kounoudis, President of the Cyprus Association of Research and Innovation Enterprises (CRAI), provided significant insights into the European Union's investment in the defense industry and its implications for Cyprus....

172. Another record year for Cablenet

For yet another year, Cablenet has achieved double-digit revenue growth. Specifically, in 2023, it reached €74.3 million compared to €63.9 million in 2022...

173. Cyprus paves the way in its ambitious road infrastructure agenda

In an exclusive interview with Maria Eracleous of ''K,'' Eleftherios Eleftheriou, Director of Cyprus's Public Works Department, provided updates on critical infrastructure projects across the island nation....

174. President's ''fireside chat'' with chosen few unveils triumphs and controversy

In an interchannel interview held to evaluate the first year in office, President of the Republic Nikos Christodoulides commenced proceedings a few minutes after 20:30. ...

175. Vasiliko energy project now under EU scrutiny

The procedures and decisions related to Cyprus' largest energy project in Vasilikos are gaining significant attention....

176. Vasilikos scandal unveiled: €250,000 spent, recommendations ignored

The decision made by the Nicos Anastasiades government in 2016 to shift away from failed attempts to introduce F.P. by constructing a terminal at Vasilikos initially offered hope for resolving an 11-year dilemma....

177. Transport Ministry enhances traffic surveillance with 170 new cameras

In a bid to revolutionize its traffic monitoring capabilities, the Ministry of Transport in Cyprus is embarking on a strategic initiative....

178. New rules for presidential advisers set amid political turmoil

The House of Representatives, in a vote of 46 in favor and one against, has approved a bill outlining the criteria for hiring advisers-associates to the president, ministers, and deputy ministers....

179. Cyprus energy project stalemate continues amid diplomatic efforts

The month-long stalemate in the Republic of Cyprus' largest energy project remains unchanged, with Nicosia striving to avoid terminating the contract with the project consortium. Despite inactive communication channels, the government seeks to rekindle relations through the Chinese embassy in Nicosia....

180. EAC awards €40M smart meter contract to Cyta despite higher bid

The Board of Directors of the Electricity Authority of Cyprus (EAC) has granted the contract for 400,000 smart electricity meters to Cyta, following pressure from the Energy Regulatory Authority and in compliance with EU Recovery Mechanism obligations....