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151. Restoring a wounded reputation

Last March, a publication by the Financial Times revealed the move of three shareholders of PWC Cyprus to resign from the audit firm and establish the company Kiteserve. ...

152. Controversial appointments continue: Latest allegations spark public outcry

The reactions regarding the appointments of the Christodoulides government are intensifying day by day, forcing them to take measures in order to address any lingering concerns that may provoke public sentiment....

153. US State Department highlights religious freedom issues in Cyprus

The US State Department's 2022 Report on International Religious Freedom for Cyprus sheds light on various issues concerning religious freedom on the island. ...

154. BOC: First quarter of 2023 yields €95 million in profit

Bank of Cyprus has released its financial report for Q1 2023, showcasing robust performance and positive indicators across various key metrics....

155. Commissioner in Cyprus to probe Russian asset freeze

Commissioner Reynders will request information on the total value of the assets of 'Russian oligarchs' in Cyprus that have been frozen by the authorities he told Cyprus News Agency in an interview, noting that so far, according to official figures 104 million euros in assets have been frozen, which is considered a low amount...

156. Banks announce measures on interest rates

Since July 2022, lending rates in Cyprus have risen by 3.5%, putting borrowers in a difficult position with dangerously increasing loan repayments....

157. 100 Cypriot wines to feature new WineCore logo on packaging

The wine industry in Cyprus is at a turning point, as coordinated upgrading and promotion efforts are underway in both the private and public sectors. ...

158. Cyprus tightens criteria for immigration permit scheme

A revised set of criteria on the expedited process for granting immigration permits to third-country nationals who invest in Cyprus will be in effect as of May 2, 2023, the Interior Ministry announced on Friday....

159. April Newsletter of K. Treppides & Co Ltd: CySEC

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

160. The real estate industry's crucial turning point

The European Parliament recently approved a new bill that aims to tackle climate change by reducing carbon emissions. This new legislation has significant implications for the property markets in Cyprus and Greece, where there is a large stock of buildings over 30 years old and requiring energy upgrades....

161. Three major concerns of ECB regarding Cypriot banks

Although Cypriot banks have made great progress over the last decade, foreign supervisors have reservations and summarise their concerns in three areas....

162. HIO to present new plan for better healthcare services within a month

Health Insurance Organisation (HIO) will come up with a plan to optimize the General Healthcare System (GHS), in collaboration with the Health Ministry, Stavros Michael, President of HIO said in a statement, after meeting with the President of the Republic, Nikos Christodoulides, at the Presidential Palace on Monday....

163. €130M grant plan proposed for 358 refugee apartment buildings

In an effort to effectively manage buildings in government housing estates and address observed structural issues, the Ministry of Interior has prepared a comprehensive Sponsorship Plan to be presented at Friday's Cabinet meeting. ...

164. Investors flock to 'green' bonds as a secure investment

165. 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."...

166. TechIsland Association Launches the 1st Annual TechIsland Awards to recognize outstanding contributions to the tech industry in Cyprus

The TechIsland Association is excited to announce the launch of the TechIsland Awards, a new annual award program designed to recognize and celebrate the outstanding contributions of individuals, companies, and projects that are making a significant impact on the development and growth of the tech and innovation industry in Cyprus....

167. US specialist in Cyprus to treat patient's rare disease, 100% funded by EU

A significant development in the EU medical industry has occurred in Cyprus involving EU cross-border treatment. Greece's National Healthcare Service (EOPYY) recently approved using the "Planned medical treatment abroad" scheme to cover the costs of a Greek patient receiving surgical treatment for a rare disease by a world-leading US-based surgeon in a private hospital in Cyprus. ...

168. Nicosia among small European cities of the future

Nicosia ranks first in the category of small European cities of the future for human capital and lifestyle, according to the results of the European Cities & Regions of the Future 2023 global ranking....

169. Cypriot law enforcement to shed Schengen’s lone sheep status

Justice Minister Anna Koukkides-Prokopiou has said she is pleased with the launch of the Schengen Information System (SIS) and the fact that the Republic of Cyprus will be able to have access to the system starting from the end of July. ...

170. Girls and women make up majority of domestic violence victims

The majority (75%) of victims of family violence, intimate partner violence and abuse of minors in Cyprus are girls and women, based on statistics by the Police Headquarters' Directorate for Vulnerable Persons Affairs....

171. Bank of Cyprus: 71 million in profits in 2022

Bank of Cyprus' profit for 2022 was 71 million euros, up from 30 million euros in 2021....

172. Anastasiades on Katie Clerides post: 'I don't comment on vulgarities'

"I'm not going to comment on vulgarities. I'm not going to make any comments about what other people have tried to get past the people. Mutual respect is required. I don't want to say anything more,"...

173. Greek Cypriot rescue team still not ready

A Greek Cypriot light rescue team is looking for a way to assist in the aftermath of a deadly earthquake in Turkey, where people were racing against the clock to find survivors, but there was still little information provided by officials who rushed to clarify reasons for the delay...

174. Marina Association 'surprised' by statement on Paphos marina

The development of Paphos Marina is moving forward, thanks to a Cabinet decision. This has been an issue for decades, and when the Deputy Minister of Tourism took office, he re-launched an effort to promote the project by preparing a feasibility study for its construction....

175. 'Mortgage to rent' plan approved

The Cabinet has approved the Treasury's proposal to establish a "rent versus installment" scheme known as mortgage to rent....

176. 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....

177. More than 100 thousand foreigners waiting for German citizenship

The number of foreigners on the wait to become German citizens through naturalization has overpassed 100,000, and many of them have been waiting for as long as three years now to obtain their status....

178. Cyprus and Austria have common line on migration

Cyprus and Austria will submit specific proposals next week on issues of cooperation with third countries, on issues of migrant returns and voluntary relocation, announced on Friday by Minister of Interior, Nicos Nouris....

179. GESY: Reforms and upgrades continue despite challenges

Health Insurance Organization says 2022 was a positive year, upgrading of services and reforms, the main challenge...

180. Kadis: 'Akamas local plan to be implemented before the elections'

Today's Council of Ministers meeting will address the local plan for Akamas. An issue that remains a source of contention between the Ministries of Interior and Agriculture,...