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31. Europe at a crossroads: Act now or fade into irrelevance

Cyprus MP Michalis Sophocleous has laid out a stark and urgent vision for the European Union’s future. His recent statement on X is not just a policy wishlist—it’s a call for Europe to wake up before it becomes a relic of the past....

32. New EU directive to shake up electricity pricing in Cyprus

33. Schools in Dromolaxia-Meneou face closure

Twelve schools in the Dromolaxia-Meneou municipality in are at risk of closure on Monday due to a strike by school staff over unpaid wages....

34. Israeli airlines suspend flights to Paphos over security concerns

Israeli airlines EL AL, Arkia, and Israir will now land exclusively at Larnaca International Airport due to a directive issued by Israel’s Internal Security Agency late Sunday night....

35. Turkey condemns U.S. military support for Cyprus

Turkey has voiced strong opposition to the Biden administration’s recent decision to include Cyprus in three U.S. defense programs, just hours before Joe Biden handed over the presidency to Donald Trump. ...

36. Over 69,000 migrants arrive in East Med as Cyprus faces rising numbers

In 2024, Cyprus found itself in a challenging situation as one of the two EU regions where irregular arrivals of migrants and refugees actually increased, according to new data from Frontex, the European Border and Coast Guard Agency....

37. Banks under fire: How public pressure forced a shake-up

Over the past decade, Cypriot banks have paid over €500 million to the state through a special levy known as the ''double tax.''...

38. Banks announce 1% interest rate reduction

Following the parliamentary approval of the state budget and Tuesday’s meeting at the Presidential Palace with the CEOs of Bank of Cyprus and Hellenic Bank, Finance Minister Makis Keravnos appeared on RIK’s program Challenges on Wednesday evening....

39. Cyprus plans big changes for better waste management

The Ministry of Agriculture, Rural Development, and Environment announced plans to upgrade Cyprus' waste management infrastructure,...

40. Israel seizes Golan Heights buffer zone after Assad's fall

After the fall of Syrian President Bashar al-Assad’s regime, Israel seized control of a crucial buffer zone in the Golan Heights, an area that has been a source of ongoing geopolitical tension....

41. Cyprus MPs vote on major bills, including tax hikes and baby bonuses

The Cyprus Parliament was busy on Thursday, voting on a series of important bills that could reshape the island's economic landscape and support families....

42. ‘Business as usual’ for world’s top companies as they get ahead of mandatory sustainability reporting rules

With mandatory sustainability reporting nearly upon us, new research from KPMG reveals the world’s biggest companies are taking a proactive approach, with a significant increase in businesses already publishing ESG data, including carbon reduction targets....

43. Nationally funded research project DYNAMO to redefine energy sharing within communities

The first meeting of the consortium for the DYNAMO project (Decentralized Energy Management Platform for Smart Communities) was recently held, launching the project which aims to redefine energy sharing and transactions within communities....

44. Major companies eye Cyprus as European HQ, says annual securities report

The President of Cyprus, Nicos Christodoulides, met with the Cyprus Securities and Exchange Commission (CySEC) at the Presidential Palace to receive their 2023 annual report. ...

45. Greek hoteliers sue booking.com over equal pricing rules

Greek hoteliers, led by the Hellenic Chamber of Hotels (HCH), are preparing to take legal action against Booking.com, claiming damages that could total tens of millions of euros....

46. Frederick University to offer workshop on the CSRD and the impact of ESG on corporate risk and financing

Frederick University's Department of Business Administration and the Centre for Research in Entrepreneurship, Finance, and Strategy (CERFS) are organizing a workshop on the Corporate Sustainability Reporting Directive (CSRD) and the impact of ESG (Environmental, Social, and Governance) on corporate risk and financing which will be held on Wednesday, November 27th, from 16:00 to 19:00, at Frederick University in Nicosia (Seminar Room 1 - 1st floor - 7, Y. Frederickou str., Pallouriotissa)....

47. Staff shortages stall local government reform in Cyprus

According to Kathimerini's Pavlos Neophytou, the implementation of Local Government Reform in Cyprus faces critical staffing and operational challenges, especially in development licensing within Provincial Local Authorities (PLAs). ...

48. Urgent airbag recall: Thousands of cars in Cyprus at risk

Thousands of vehicles in Cyprus may be equipped with potentially dangerous Takata airbags, as the recall process for these defective products remains incomplete. ...

49. Parliament considers chemical castration for child sex offenders

Cyprus is set to debate a bill that could bring chemical castration as a sentencing option for convicted child sex offenders, according to a report by Pavlos Neophytou in this Sunday's Kathimerini. ...

50. New EU rules open Cyprus's troubled loan market to foreign investors

In a move that could reshape Cyprus's financial landscape, Parliament recently passed a European Directive that makes it easier for foreign investors to buy non-performing loans (NPLs) in the country....

51. EU decision influences the lives of Syrian refugees in Cyprus

The Court of Justice of the European Union (CJEU) has issued a significant ruling that prohibits member states from designating a third country as a "safe" country of origin for only parts of its territory. ...

52. EU Court blocks partial 'safe' zones for refugee returns

The European Court of Justice has ruled against the fragmentation of third countries into "safe" and "unsafe" areas, a decision that affects efforts......

53. Prognosys Solutions celebrates 20 Years of innovation and leadership in regulatory compliance

Prognosys Solutions, the leading provider of regulatory reporting solutions for the banking and financial industries in Cyprus, celebrated its 20th......

54. 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)....

55. Top Quality N-ice Pure Ice Cubes Present the 5th Cyprus Cocktail Festival

The country’s best Cocktail Festival, now an established institution, returns for its 5th edition, offering a memorable evening with exclusive signature cocktails from 20 top bars in Cyprus and abroad. ...

56. 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. ...

57. Minister backs Cyprus-Crete cable, RAEK to review

According to Apostolos Tomaras' article which was published in Kathimerini's Cyprus edition, Cyprus and Greece are poised to resolve lingering issues surrounding the electricity interconnection project between Cyprus and Crete......

58. What Cyprus’ new EU minimum wage directive means for workers and employers

Cyprus is set to implement the European Union’s directive on adequate minimum wages....

59. Prosecutor orders urgent investigation into lake Karla fish deaths

Greece's top prosecutor, Georgia Adelini, has ordered an urgent investigation into the large number of dead fish found in Lake Karla, which flows into the Pagasitikos Gulf. ...

60. Biden approved $230M temporary pier for Gaza aid

President Joe Biden ordered the construction of a temporary pier to deliver humanitarian aid to Gaza earlier this year......