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1. ARIS │ A REALLY INSPIRING STORY is looking to cultivate new stories of success

2. Cyprus faces multi-million Euro losses as major development projects collapse

Cyprus is facing significant financial and logistical challenges following the abrupt termination of contracts for major infrastructure projects, with some cases likely to lead to costly legal battles....

3. Yet another contractor gets axed over major project delays

Cyprus’s Ministry of the Interior has terminated the employment of the engineer and contractor for the Liopetri Fishing Shelter and River Restoration Project due to long-standing delays and unmet contractual obligations, according to an announcement by the ministry....

4. Cyprus fires contractor on stalled Pafos-Polis motorway project

The Cyprus Department of Public Works announced it is terminating its contract with INTRACOM Constructions S.A., the company responsible for the stalled Pafos-Polis Chrysochous motorway project, ...

5. Akamas road project delayed again as investigation continues

Decisions on key issues surrounding Akamas—particularly potential disciplinary proceedings for the first phase of the road network and the resumption of related work—are running behind schedule....

6. First affordable housing block for refugees in Cyprus to be ready in 20 months

In 20 months, the first apartment building under the government’s "KtiZO" Plan in the Apostolos Andreas Housing Settlement in Latsia will be completed....

7. Cyprus faces 2024 deadline to align with EU regulations on foreign investments

Cyprus faces a deadline by the end of 2024 to align with the European regulation governing large foreign investments....

8. Lawmakers weigh extended traffic fine deadlines and countdown timers

Cyprus’s Transport Committee reviewed law proposals on Tuesday that would change traffic fine deadlines, introduce discounts for quick payments, and possibly install countdown timers at traffic lights, ...

9. The New Era of Accounting Services: A Complete Solution for CFOs

Comprehensive Solutions for CFOs in the Modern Accounting Landscape, in the fast-paced business world of today, strategic financial management has become increasingly critical....

10. Cyprus seeks to amend recovery plan amid project struggles

The Cyprus Recovery and Resilience Plan Directorate is currently working with the European Commission to make amendments to the Recovery and Resilience Plan. ...

11. Disputes delay Pafos-Polis Chrysochous motorway project

In today's Oikonomiki, Dorita Yiannakou reports that the ongoing dispute between the Greek construction company Intrakat and the State over the Pafos-Polis Chrysochous motorway project has led to a stalled construction timeline and potential penalties. ...

12. EU takes Cyprus to court over tax law delays

The European Commission has referred Cyprus, along with Spain, Poland, and Portugal, to the European Court of Justice for failing to implement the 2022 directive on a global minimum level of taxation for multinational corporations and large companies (Pillar 2 directive)....

13. Cyprus falls behind on EU recovery plan, meets only 5% of targets

In today's 'Oikonomiki', Panayiotis Rougalas reports that Cyprus has only achieved 5% of the milestones outlined in its Recovery and Resilience Plan (RRP), falling far behind other European Union countries in implementing reforms tied to the EU’s Next Generation funding program....

14. Cypriot loan servicers struggle as red loans hit €21.2B

While non-performing loans (NPLs) in Cypriot banks are gradually declining, the situation remains dire for "red loans" held by loan acquisition companies, or "servicers." ...

15. Calls to reduce fines for late UBO submissions in Cyprus

High fines have spurred companies in Cyprus to comply with the submission of beneficial ownership details to the Company Registrar's Beneficial Ownership Register. ...

16. EU Commission refuses Dutch request to leave asylum system

In a surprising move, the Netherlands has requested an opt-out from the EU migration and asylum system, just days after Germany reintroduced border controls. ...

17. Student Transfers Now Open at the University of Limassol (UoL)

The University of Limassol (UoL) is pleased to announce that student transfer applications for the second year of undergraduate studies are now open and will be accepted until 27th of September 2024....

18. High-stakes talks on Cyprus-Greece power link leave crucial questions unresolved

A high-level meeting at the Presidential Palace in Nicosia has concluded discussions on the Great Sea Interconnector (GSI), the ambitious electricity link between Cyprus and Greece....

19. Illegal monastery remains standing despite demolition order

A monastery owned by the Metropolis of Constantia and Famagusta, illegally built in the protected Cape Greco area, remains standing despite court orders to demolish it, according to a report by Pavlos Neophytou in this Sunday's Kathimerini. ...

20. Parliament in turmoil over Great Sea Interconnector

Cyprus is facing significant political upheaval over the Great Sea Interconnector, a major project intended to bring affordable electricity to the island. With the decision deadline looming tomorrow, there is still no scheduled Cabinet meeting to finalize the issue....

21. Tesla unveils feature called 'Actually Smart Summon' or ASS for short

This feature was supposed to be available two years ago but faced several delays. The launch comes after Tesla switched to a system that relies only on cameras, which temporarily affected some of its driver-assist features....

22. Cyprus powers up for a last-minute save

Nicosia has requested more time at the political level to keep the Cyprus-Crete electricity interconnection project on track, following a dispute over €100 million in project cost recovery....

23. Government’s solar panel scheme attracts 6,000 applicants

The Energy Ministry expressed satisfaction on Saturday on the response its scheme ‘’photovoltaics for all’’ had among the consumers....

24. Global uncertainty looms as Biden's final months approach

Five months remain until the next US president is sworn in. Five very fluid and dangerous months. Everyone knows that President Joe Biden is on his way out. His power and influence are waning with each passing day....

25. Officials to remove 2,500 speed bumps across the island

Transport Minister Alexis Vafeades announced that 13 speed bumps have been removed out of the 113 that were approved for removal by the relevant committee. ...

26. French firm warns of halt on Cyprus-Crete cable over payments

The second meeting of the Commission overseeing the Cyprus-Crete electric cable project, which included representatives from IPTO, the energy ministries of Cyprus and Greece, and the energy regulators from both countries, ended with no significant progress....

27. RIF launches €6M fund to foster innovation and economic growth

The Research and Innovation Foundation (RIF) announced on Tuesday a new call for the "Co-Develop" funding programme, with a total budget of €6 million, aimed at better leveraging resources and apply innovative solutions to real problems....

28. Cyprus could face financial strain over Vasilikos debacle

The abandonment of the Vasilikos terminal project by a Chinese consortium has triggered a cascade of financial and operational challenges for Cyprus, with substantial implications for state finances and energy infrastructure....

29. Cyprus ranks second in EU for workers unable to afford vacations

Cyprus recorded the second-largest share of workers unable to afford vacations in 2022 among EU member states, with 25% of its workforce affected, according to an analysis of Eurostat data by the European Trade Union Confederation (ETUC)....

30. Market changes, Eurobank's move, and economic struggles

Bank of Cyprus shares were delisted from the Athens Stock Exchange following the 2013 financial crisis and the turbulent merger with Laiki Bank, including the depositor haircut...