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31. Labour Minister eyes growth and jobs ahead

The Minister of Labour and Social Insurance, Yannis Panayiotou, notes a common approach for the development of the economy between the Government and the business community......

32. Cyprus targets gambling addiction with new GESY proposal

In January 2024, the National Betting Authority submitted a comprehensive proposal to the Minister of Health, advocating for the inclusion of treatment for gambling-related behavioral disorders in Gesy, Cyprus' healthcare system. ...

33. EU unveils stricter fiscal rules for member states

The European Commission has introduced new fiscal rules aimed at promoting growth and financial discipline among member states. The framework, ...

34. Netanyahu's party divided over US-Arab peace initiative for Gaza

Reports of a joint US-Arab peace plan for Gaza, including a "tight timeline" for establishing a Palestinian state, have stirred strong reactions among Israeli Prime Minister Benjamin Netanyahu's far-right allies. ...

35. Department faces 2,000 backlogged refugee applications due to understaffing

In February 2024, the Service for the Care and Rehabilitation of Displaced Persons (YMAPE) revealed a backlog of 2,000 pending applications, citing understaffing issues. ...

36. Cyprus takes the helm in pioneering anchored ship electricity revolution

In a pioneering initiative set to transform offshore electricity for anchored ships, Cyprus is taking a leading role in the European BlueBARGE project. ...

37. Government courts global investors in ambitious growth push

In a bid to position Cyprus as an enticing destination for foreign investments, the President of the Republic addressed a gathering of over 100 foreign investors and companies at the Presidential Palace. ...

38. Transport Minister unveils €36.5M EV subsidy scheme

Transport Minister Alexis Vafeadis unveiled a new €36.5 million electric vehicle subsidy scheme on Thursday, financed by the EU's Recovery and Resilience Mechanism....

39. Cabinet moves forward with plan to support Cyprus entrepreneurs

Cyprus is gearing to set up a National Development Organisation which coupled with the Cyprus Equity Fund will promote entrepreneurship by covering financing gaps for small and medium-sized enterprises and start-ups, Minister of Finance Makis Keravnos said on Wednesday....

40. Cyprus considers participation in Great Sea Interconnector project

In today's session of the Council of Ministers, the discussion continues on the proposal jointly submitted by Minister of Energy, Commerce, and Industry, George Papastasiou, and Minister of Finance......

41. Bank of Spain governor to engage in economic talks with Cyprus officials

42. Cyprus set to join Great Sea Interconnector project

In a significant move aimed at enhancing regional energy cooperation, Cyprus is considering participation in the ambitious Great Sea Interconnector project, according to statements from government officials....

43. Cyprus secures €20.9 million boost from EU's recovery fund

In a significant development, the European Commission announced a pre-financing injection of €20.9 million for Cyprus from the Recovery and Resilience Mechanism,...

44. Cabinet reduces civil servants' sick leave days

The Cabinet of Ministers, led by Finance Minister Makis Keravnos, has greenlit a significant amendment to regulations governing sick leave for civil servants....

45. How state members earn in semi-governmental boards

The monthly income for the president/member of a semi-governmental organization, derived from participating in the organization's sessions, averages around €400 to €500....

46. Government's €6.6M solar project powers education sustainably

In a significant leap towards sustainability, Cyprus has successfully concluded a €6.6 million project, installing photovoltaic systems in 405 school buildings. ...

47. Hostage families urgently plead for release in Parliament chaos

In a gripping display of anguish, relatives of Israelis held captive by Palestinian gunmen stormed a Jerusalem parliamentary committee on Monday, urging lawmakers to intensify efforts to free their loved ones....

48. Businesses receive €14 million in pandemic blunder

In an inadvertent error, support payments totaling EUR 13.82 million were extended to 152 cases, failing to meet subsidy criteria under the Plan's terms and conditions. ...

49. Makis Keravnos voices concerns over geopolitical developments

The global supply chain disruption and its economic impact on Europe and the world have raised concerns among Europeans....

50. Keravnos attends Brussels ECOFIN meeting

Minister of Finance Makis Keravnos is in Brussels to take part on Monday in the meetings of the Eurogroup and the EU Finance Ministers Council (ECOFIN)....

51. Allegations of bank interference surrounding reshuffle speculations

In the midst of last week's political reshuffle speculations, with Irene Piki, the current Deputy Minister to the President, being touted as the likely successor to the Finance Ministry, a new leak from the President's office raised eyebrows...

52. President reveals higher education upgrade by May

The comprehensive strategy for the reorganization and improvement of Higher Education is due to be published by May the latest, said the President of Cyprus......

53. Gabriel Attal appointed as youngest Prime Minister in history of France

In a move aimed at rejuvenating his second term, French President Emmanuel Macron has appointed his 34-year-old Education Minister, Gabriel Attal, as the country's new Prime Minister. This makes Attal the youngest person to hold the position and the first openly gay individual to do so....

54. A government on fragile ground

In May 2022, Nikos Christodoulides announced his candidacy for the Presidency of the Republic, only to be overshadowed by the revelation of a partially plagiarized speech from Ioannis Kasoulides during the 2008 presidential election....

55. Cyprus unveils new e-consultation platform for public feedback

The Council of Ministers approved Thursday the establishment of a public consultation platform, known as e-consultation, Minister of Finance Makis Keravnos said after the Cabinet meeting....

56. Finance Ministry undergoes administration overhaul

57. Wolfgang Schäuble, former German Finance Minister, dies at 81

Wolfgang Schäuble, the influential former German Finance Minister and speaker of the Bundestag, passed away at 81, leaving a profound mark on European financial affairs....

58. MPs debate executive bonuses in semi-governmental organizations

The issue surrounding the renewal of Cyprus Telecommunications Authority (CYTA) CEO Andreas Neocleous's contract for another five years and a requested bonus sparked discussions within the Council of Ministers about executive bonuses in semi-governmental organizations. ...

59. Preventive pediatrics expansion: Center takes on eight more diseases

''The CPP has been carrying out a project on behalf of the State for 35 years and covers the needs of the entire population of the country free of charge on a voluntary basis'', says Fotini Tsiridou, the president of the Association of Friends of the Center of Preventive Pediatrics ''Amerikos Argyriou'' and councillor of DISY, to ''K''....

60. Government seeks €1B via EMNT bond in 2024

Cyprus’ financing needs for 2024 amount to €1.3 billion, largely to be covered by the issuance of a €1 billion EMNT bond, the Finance Ministry’s Public Debt Management Office (PDMO) has said. ...