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241. CERA approves €125M for Cyprus-Crete power link

The Cyprus Energy Regulatory Authority (CERA) has approved an annual investment recovery of €25 million for the Cyprus-Crete electricity interconnection project, also known as the Great Sea Interconnector (GSI), covering the period from January 1, 2025, to December 31, 2029....

242. Elderly defrauded of €40,000 in utility worker scam

A group of Roma individuals continues to defraud elderly people by posing as employees of the Greek Public Power Corporation (DEI) and the Hellenic Telecommunications Organization (OTE), aiming to steal money....

243. Paphos-Polis road contractor proposals await approval

Plans to improve the road linking Paphos Airport with the city and a potential alternative route are under consideration, according to Paphos Chamber of Commerce and Industry (PCCI) President George Mais....

244. The 5th Lidl Wellness Camp was held with great success 

Continuing its tradition of promoting and strengthening a healthy lifestyle, Lidl Cyprus welcomed more than 250 participants of all ages to this year's Lidl Wellness Camp....

245. 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. ...

246. 1KM MEDOCHEMIE FAMILY FUN RUN

Medochemie, the largest pharmaceutical company in Cyprus, has a longstanding commitment to supporting sports and promoting initiatives that encourage physical activity......

247. Moody’s sees positive outlook for Hellenic Bank following Eurobank deal

Moody’s upgraded Hellenic Bank’s credit rating to Baa2 from Baa3 on Wednesday, citing the recent acquisition of a 56% stake by Eurobank S.A. The agency also revised the bank's outlook to positive. ...

248. Andreas Petsas named new CEO of Eurobank Cyprus

Eurobank Cyprus’ Board of Directors, decided to appoint Mr Andreas Petsas as a Member of the Board of Directors and as the Bank’s Chief Executive Officer (CEO), in a meeting held on 17 September 2024 in Nicosia....

249. Dutch government requests opt-out from EU asylum rules

The Netherlands’ new coalition government, led by Geert Wilders’ far-right Party For Freedom (PVV), has requested an opt-out from the European Union’s asylum rules,...

250. Aphrodite gas project moves to new phase of talks from January, 2025

Chevron and the Republic of Cyprus have agreed to enter a four-month negotiation period to finalize plans for the development of the ‘Aphrodite’ gas field in Block 12 of Cyprus’ Exclusive Economic Zone (EEZ). ...

251. A magical night of music in Nicosia's Eleftheria Square

252. Larnaca hosts 2nd Jazz Festival with free entry on Sept. 26-27

The 2nd Jazz Festival will take place on September 26-27 at Zuchouri Square in Larnaca, featuring top artists from the Cypriot and international jazz scenes, curated by Akis Farmakalidis....

253. Eurobank and India collaborate to create strategic business council

Mr. Ioannou raised concerns about whether the bank has a plan to maintain its strong profitability, which has largely come from rising interest rates......

254. Michalis Louis appointed CEO of Hellenic Bank

Michalis Louis has been appointed as the new Chief Executive Officer of Hellenic Bank Public Company Limited at the Annual General Meeting of the Shareholders of the Bank, with immediate effect, according to a decision taken by the Board of Directors of the bank......

255. New Turkish center to oversee maritime and air traffic in occupied Cyprus

Turkey's Transport Minister Abdulkadir Uraloglu announced that a maritime monitoring center in occupied Cyprus is expected to be operational by the end of next year....

256. Cyprus and Chevron set timeline for Aphrodite gas field resolution

The Republic of Cyprus and Chevron have agreed to hold discussions over the next four months in order to seek an amicable solution that ensures the development of the Aphrodite gas field without further delays....

257. Hellenic Bank boosts first-time buyers with reduced rates

Hellenic Bank has introduced a new scheme offering reduced interest rates for first-time homebuyers....

258. Sweden to pay migrants up to $34,000 to return home

Sweden is making significant changes to its migrant policies, marking a ''paradigm shift'' aimed at reversing decades of leniency. ...

259. Groups call for sanctions and boycott of Israel during Nicosia protest

A protest took place Wednesday morning outside the "Doing Business with Israel" conference, organized by Invest Cyprus in Nicosia....

260. IRS experts aid Cyprus in combating money laundering

In October 1931, notorious American gangster Al Capone was sentenced to 11 years in prison on five counts of tax evasion by the federal justice system, marking a pivotal moment in organized crime history in the U.S....

261. Cyprus' Supreme Court suspends Auditor General (UPDATE)

UPDATE: The Supreme Constitutional Court unanimously ruled Wednesday to suspend Auditor General Odysseus Michaelides, citing misconduct and incompetence....

262. Decision pending on Auditor General’s fate

The Supreme Constitutional Court began its session at 9:30 p.m. on Wednesday to deliberate on Attorney General George Savvides' request for the dismissal of Auditor General Odysseas Michailidis over alleged "improper conduct."...

263. 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......

264. Clouds, strong winds expected today

Today’s forecast calls for partly cloudy skies with occasional increases in cloud cover. Winds will range from moderate to strong, blowing from the southwest to northwest at 4 to 5 Beaufort, while seas will be slightly rough to choppy....

265. Cabinet approves €25M funding for electricity cable project over 5 years

Cypriot President Nicos Christodoulides will travel to Athens following a positive decision regarding the electricity cable project. On Thursday, he is scheduled to hold a private meeting with Greek Prime Minister Kyriakos Mitsotakis....

266. Tourist arrivals hit record high in Cyprus for August

Tourist arrivals in Cyprus reached an all-time high in August 2024, with 554,923 visitors, surpassing the previous record set in August 2019 by 0.20%, according to data released by the Cyprus Statistical Service....

267. Mummified body confirmed as Serbian National Aleksandar Gligorjovic

The body of a man found in an advanced stage of mummification in Ayia Napa on September 5 has been identified as 27-year-old Aleksandar Gligorjovic from Serbia, according to police....

268. Limassol is breaking barriers for the disabled

Limassol’s Old Port came alive last weekend as the city hosted the ‘Access for All’ festival, a vibrant two-day event dedicated to promoting inclusion and raising awareness about the challenges faced by people with disabilities....

269. Cabinet to discuss Cyprus-Greece electrical interconnector today

Efforts to include the Cyprus-Greece electricity interconnection issue on the agenda of today's Cabinet meeting, scheduled for 11:30 a.m., are ongoing, according to sources speaking to the Cyprus News Agency (CNA)....

270. US sanctions two Cypriots over spyware threat

Two Cypriot individuals were included in the new designations issued on Monday by the Treasury’s Office of Foreign Assets Control (OFAC)....