Search

361. Cypriot banks slash Eurosystem funding by €2.6 billion

Cypriot banks have almost zeroed funding from the Eurosystem via the Targeted Long-Term Refinancing Operations (TLTRO), with the latest data by the Central Bank of Cyprus (CBC) showing repayments amounting to €2.6 billion....

362. Cyprus banks set for major changes in September

September will bring significant shifts for Cyprus's two largest banks....

363. Cyprus sees unprecedented 80% drop in asylum applications

Cyprus experienced a sharp reduction in first-time asylum applications in May 2024, marking an over 80% decrease from the previous month, according to data released by Eurostat. ...

364. Ukraine intensifies fight against illicit tobacco trade

The illicit tobacco trade in Ukraine, one of Europe's most prominent black markets for cigarettes, is sending shockwaves through the economies of neighboring countries,...

365. Cyprus finalizes 2025 budget with focus on export growth

The Council of Ministers is set to finalize discussions on the 2025 state budget by mid-September, as confirmed by Finance Minister Makis Keravnos. ...

366. EU Commissioner salaries: Over €310,000 a year

As the European Commission prepares to unveil its 26 new Commissioners, Cyprus has nominated former Minister and Professor Kostas Kadis for the role....

367. Christodoulides criticized for inconsistent policy on Turkey’s EU role

On February 2-3, 2024, the Belgian presidency of the Council of the European Union hosted an informal meeting of Foreign Ministers, known as the Gymnich, in Brussels....

368. Why we failed as a country

In July, the resilience of Cypriot society was tested once again as it faced yet another challenge, underscoring its entrapment in heavy fuel oil. This entrapment translates into an annual fine of €200 million due to emissions. ...

369. U.S. Embassy honors 50th anniversary of Ambassador Davies and Antoinette Varnava’s deaths

The U.S. Embassy in Nicosia held a series of solemn ceremonies on Monday to commemorate the 50th anniversary of the deaths of Ambassador Rodger Davies and Cypriot Embassy employee Antoinette Varnava, who were killed on August 19, 1974, during a tumultuous period in Cyprus....

370. Former Minister Kadis chosen as Cyprus' EU commissioner candidate

The Republic of Cyprus will propose Dr. Costas Kadis for the position of Commissioner in the European Commission, Government Spokesman Konstantinos......

371. Ships collide in disputed waters, China blames Philippines

372. Monkeypox outbreak: Over 500 dead, WHO sounds alarm

Last Wednesday, the World Health Organization (WHO) declared the escalating spread of the so-called "monkeypox" virus in Africa as a global health emergency....

373. Paris ranks as Europe’s most expensive city for housing

Paris remains the most expensive city in Europe for free-market housing, with an average price of 14,900 euros per square meter, according to a report by Deloitte....

374. French film icon Alain Delon dies at 88

Alain Delon, the renowned French actor who became a global icon through his work with legendary directors and his enigmatic screen presence, has died at the age of 88. Delon’s career spanned over six decades, during which he starred in some of the most revered films in European cinema, including Rocco and His Brothers, The Leopard, and The Samurai....

375. WHO declares Mpox outbreak in Africa a global health emergency

Danish biotech company Bavarian Nordic announced Friday that it has submitted data to the European Union’s drug regulator, seeking approval to expand the use of its mpox (formerly monkeypox) vaccine to adolescents aged 12 to 17....

376. Russia opposes Turkish naval base plans in occupied Cyprus

Russia has expressed opposition to the militarization of the Eastern Mediterranean and supports a viable and just resolution to the Cyprus issue, as well as agreements that prevent any air connections with the Turkish-occupied areas, according to Yuri Pilipson......

377. U.S. approves $5 billion sale of patriot missiles to Germany

The United States has approved the sale of 600 Patriot air defense missiles to Germany, the Pentagon announced late Thursday. The deal is valued at approximately $5 billion (€4.6 billion) and aims to bolster Germany’s national and territorial defense, enhancing its interoperability with U.S. and NATO forces....

378. EU Health Commissioner calls emergency meeting as Mpox reaches Europe

The European Union is ramping up its response to the spread of the mpox virus following the first confirmed case in Sweden....

379. Cyprus allows Turkish FM to attend key EU meeting

In a significant diplomatic gesture, Cyprus has agreed to allow Turkish Foreign Minister Hakan Fidan to participate in the upcoming informal Council of Foreign Ministers of the European Union on August 29....

380. Government confident in surpassing 4% growth in 2024, says Letymbiotis

The government now aims for the 2024 growth rate to exceed 4%, Government Spokesperson Konstantinos Letymbiotis said, following a flash estimate by the Statistical Service for a growth rate of 3.6% (3.7% when adjusted seasonally and based on working days)....

381. Three Cypriot teams reach European playoffs

Omonia and Pafos F.C. have qualified for the play-offs of the Conference League, and along with APOEL's presence in the play-offs of the Europa League, three Cypriot teams are now in the play-offs of European competitions....

382. Wizz Air launches one-of-a-kind ''All you can fly'' membership

Wizz Air, Europe’s most sustainable airline globally1, has announced the launch of its “All You Can Fly” membership, providing an extensive number of flights across 12 months for €599, to more than 800 destinations....

383. Wealthy flee high-tax nations for new havens like Cyprus

A significant wave of wealthy individuals is migrating from high-tax countries, a trend expected to peak this year. ...

384. Ukraine linked to Nord Stream blast despite Zelenskyy's objection

Ukraine was reportedly behind the destruction of the Nord Stream pipeline, according to a recent report by The Wall Street Journal. The September 2022 explosion severely disrupted Russia's natural gas exports and caused significant turmoil in global energy markets....

385. German prosecutors issue arrest warrant in Nord Stream pipeline sabotage

German prosecutors have issued their first arrest warrant in connection with the 2022 undersea explosions that damaged the Nord Stream gas pipelines, which run between Russia and Germany....

386. Eight arrested in major operation seizing drugs worth over 2.5M euros (vid)

Greek Police announced Tuesday the dismantling of an international drug trafficking network that smuggled large quantities of drugs by sea using yachts....

387. Rosé wine trend hits Cyprus: Local demand and imports soar

Light and delicate, with aromas of flowers and fruits, these are just a few ways to describe Rosé Provence wines, which have recently become a global trend....

388. EU warns Elon Musk over content rules ahead of Trump interview

The European Union has sent a warning to Elon Musk, the owner of the social media platform X, reminding him about the rules for handling harmful content. This warning comes just before Musk’s big interview with former President Donald Trump....

389. EU sends planes, helicopter, and teams to battle Greek fires

The European Union sends support to Greece to combat fires, the President of the European Commission, Ursula von der Leyen, said in a post on X platform on Monday....

390. Caught on camera! Your guide to traffic cams across Cyprus—so you don’t get caught!

Cyprus has expanded its road safety measures with 29 fixed cameras and 20 mobile cameras now in operation across key locations in the free areas of the island. This initiative aims to reduce serious accidents and enhance road safety awareness....