https://knews.kathimerini.com.cy/en/news/cypriot-police-zero-in-on-‘ecstasy-warehouse
Cypriot police were said to be zeroing in on a possible location in Limassol, where 645 kilos of ecstasy are believed to have been stashed inside barbeque grills that were exported and later seized by authorities in Australia...
https://knews.kathimerini.com.cy/en/news/eastmed-deal-to-be-inked-january
Cyprus President Nicos Anastasiades plans to attend a ceremony in Athens for the signing of an agreement on the EastMed pipeline, after Greece announced Sunday the project will proceed despite the objections of Turkey...
https://knews.kathimerini.com.cy/en/news/ecstasy-hidden-in-cypriot-bbqs-seized-down-under
Australian police have arrested two men for allegedly smuggling 645 kilos of ecstasy hidden inside hundreds of aluminium barbecues, the culmination of a six-month investigation spanning three countries ...
https://knews.kathimerini.com.cy/en/news/cypriot-israeli-gas-dispute-out-in-the-open
The Republic of Cyprus says development of Aphrodite’s natural gas reservoir will go forward as planned, after reports said a letter from Israel called on energy companies to halt operations until the two countries settled all pending issues...
https://knews.kathimerini.com.cy/en/news/cyprus-grants-first-natural-gas-exploitation-license
Cyprus and the Aphrodite consortium on Thursday signed an exploitation license and a revised production sharing contract, aiming to start natural gas production in 2025, generating projected revenues of $9.3 billion for a period of eighteen years
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https://knews.kathimerini.com.cy/en/business/cyprus-to-start-process-for-early-repayment-of-imf-loan-finance-minister-announces
Finance Minister Harris Georgiades announced on Tuesday that an official process will be launched for the early and full repayment of an IMF loan, following the repayment of a loan from Russia....
https://knews.kathimerini.com.cy/en/news/woman-in-paphos-dies-after-falling-off-balcony
A Russian woman died in hospital on Saturday morning following a fall from an apartment balcony after a night out in Paphos...
https://knews.kathimerini.com.cy/en/news/brexit-deal-faces-saturday-showdown
European Union leaders unanimously backed a new Brexit deal with Britain on Thursday, leaving Prime Minister Boris Johnson facing a battle to secure the UK parliament’s backing for the agreement if he is to take Britain out of Europe on October 31...
https://knews.kathimerini.com.cy/en/news/cambodia-s-elite-exposed-through-cypriot-documents
Golden visas are back in the news following reports that members of the Cambodian elite received or applied for Cypriot passports, with Reuters raising questions over the citizenship by investment programme...
https://knews.kathimerini.com.cy/en/news/15-thousand-uk-citizens-seek-cyprus-residence-permit
Approximately 15 thousand UK citizens have applied to get residence permits in Cyprus since the 2016 UK EU membership referendum. Currently a total of 32,281 residence permits for UK citizens are in force...
https://knews.kathimerini.com.cy/en/news/thomas-cook-crash-is-dry-run-for-brexit-failures
Social historians will mourn the demise of the world’s oldest travel company, founded by a Baptist carpenter in northern England in 1841; their corporate counterparts will not. With more than 500 high street outlets, Thomas Cook demonstrated a stunning inability to adapt to changing travel habits. The rise of budget airlines and disruptors like Airbnb combined with the weak pound and the unusually hot summer of 2018 to kill off the company which had suffered a near-death experience in 2011.
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https://knews.kathimerini.com.cy/en/news/cyprus-hotels-to-take-a-€60-million-hit-as-thousands-stranded-by-thomas-cook-collapse
Officials at the Deputy Ministry of Tourism are scrambling to ascertain the impact of the collapse of Thomas Cook on the Cypriot hotel industry.
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https://knews.kathimerini.com.cy/en/news/cyprus-fm-highlights-need-for-regional-cooperation-in-the-eastern-mediterranean
The Eastern Mediterranean is the only region in the world without a regional organization and this is something that we have to work on, Cyprus Foreign Minister Nikos Christodoulides said on Thursday evening.
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https://knews.kathimerini.com.cy/en/news/second-road-fatality-in-rural-nicosia
An elderly man was killed in a road accident in rural Nicosia after his car fell into a ditch, just hours after an elderly woman also lost her life in a head-on collision outside the capital...
https://knews.kathimerini.com.cy/en/news/house-looks-at-state-salaries-for-clergy
State salaries for the clergy are back in the news as a House finance committee is looking for ways to amend an outdated agreement with the Church dating back to 1971...
https://knews.kathimerini.com.cy/en/business/overtaxation-led-to-tax-evasion
Losses incurred by the state coffers due to tax evasion in 2014-17 were greater than the value-added tax revenue increase as a result of consecutive tax hikes, according to a European Commission report on the so-called VAT deficit (the difference between the expected VAT revenues and actual collections)...
https://knews.kathimerini.com.cy/en/news/woman-still-wanted-in-larnaca-travel-scam
Police are asking members of the public to help locate a Larnaca woman who is wanted in connection with a suspected travel scam...
https://knews.kathimerini.com.cy/en/news/estia-scheme-kicks-in-for-eligible-borrowers
The Estia plan aimed at boosting borrowers’ ability to repay their defaulted loans went into effect on Monday, as the Cypriot government embarks on a scheme to subsidize repayments of restructured loans...
https://knews.kathimerini.com.cy/en/business/scope-rates-cyprus-with-bbb
Scope Ratings affirmed last week the Republic of Cyprus’ BBB- long-term issuer and senior unsecured local- and foreign-currency ratings, along with a short-term issuer rating of S-2 in both local and foreign currency, noting that all outlooks are stable...
https://knews.kathimerini.com.cy/en/news/one-arrested-following-limassol-wildfire
One suspect was detained for questioning by police in connection with a Monday wildfire in Limassol district, which continue to rage overnight and was said to have been partially contained by the early morning...
https://knews.kathimerini.com.cy/en/news/unemployment-in-cyprus-drops-to-6-5
The euro area seasonally-adjusted unemployment rate was 7.5% in June 2019, down from 7.6% in May 2019 and from 8.2% in June 2018. This is the lowest rate recorded in the euro area since July 2008. The EU28 unemployment rate was 6.3% in June 2019, stable compared with May 2019 and down from 6.8% in June 2018. This remains the lowest rate recorded in the EU28 since the start of the EU monthly unemployment series in January 2000. These figures are published by Eurostat, the statistical office of the European Union
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https://knews.kathimerini.com.cy/en/news/greece-approves-cut-on-property-tax-eases-arrears-payment
The Greek parliament approved an across-the-board reduction of a deeply unpopular property tax on Tuesday, fulfilling an election pledge of new prime minister Kyriakos Mitsotakis....
https://knews.kathimerini.com.cy/en/news/ecb-warns-of-significant-negative-impact
The European Central Bank (ECB) has warned of “significant negative impact” to the Cypriot banking system in case a new law amending the legal on foreclosures is implemented.
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https://knews.kathimerini.com.cy/en/news/nicosia-walls-literally-coming-down
A conservation group has slammed authorities in the north over the partial collapse of the Guerini Bastion, saying it had warned about the conditions of the Nicosia medieval walls but nobody took them seriously...
https://knews.kathimerini.com.cy/en/news/ice-cubes-for-tigers-as-heatwave-smashes-european-records
Belgian zookeepers fed chickens in giant ice cubes to tigers on Wednesday as northern Europe baked in record temperatures during another heatwave that climate experts believe could become the new normal.
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https://knews.kathimerini.com.cy/en/business/ayia-napa-marina-full-speed-ahead
Despite considerable progress on the Ayia Napa Marina construction so far, a July completion is being pushed back as more work on infrastructure is necessary...
https://knews.kathimerini.com.cy/en/business/talent-shortages-costing-european-private-businesses-€414-billion-each-year
European private businesses’ biggest challenge is the increasingly growing skills shortage that is preventing them from hiring the right talent for growth. A PwC survey across 31 European countries shines a spotlight on a wider, ongoing issue across the region. PwC estimates that the skills shortage is costing the region €414 billion annually in lost revenues - just from private businesses. That’s around 2.6%of European GDP and is more than the combined annual GDP of Greece and Portugal.
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https://knews.kathimerini.com.cy/en/news/bidding-for-nicosia-bypass-begins
The government has issued a public highway tender for the first phase of the long-awaited Nicosia bypass, which is expected to significantly reduce traffic jams in the capital...
https://knews.kathimerini.com.cy/en/news/displaced-residents-up-in-arms-over-land
Dozens of Greek Cypriot families in Limassol are up in arms over a land dispute, accusing the government of lying to them as they face lawsuits from a Turkish Cypriot property owner...
https://knews.kathimerini.com.cy/en/news/nicosia-bypass-closer-to-the-start-line
The long-awaited Nicosia bypass on the perimeter of the capital is a step closer to the start line, with reports saying a tender could be announced as early as next week...
