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211. EY Cyprus welcomes two new partners to power growth

EY Cyprus is pleased to announce that its leadership team has been strengthened with the addition of two new partners....

212. 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, ...

213. Cyprus, Greece and France halt funds for Turkish drones in Ukraine

Greece, Cyprus and France reportedly blocked the financing for the supply of Turkish-made Bayraktar drones and artillery shells for Ukraine, which were to be purchased with European funds....

214. Trump fined $354.9 million in New York civil fraud trial

Former US President Donald Trump faces a hefty fine of $354.9 million (£281.6 million) following a civil fraud trial in New York. Including interest, he must pay at least $453.5 million (£359.9 million). ...

215. Banks urged to accelerate loan restructurings

The governor of the Central Bank has shed light on the strategy for restructuring Non-Performing Loans (NPLs) and navigating credit risk management....

216. 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. ...

217. 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. ...

218. Sarkozy sentenced to one year in jail for illegal campaign financing

The Paris appeals court found former French President Nicolas Sarkozy guilty of illegal campaign financing for his failed 2012 re-election bid. The lower court's previous ruling was confirmed....

219. Spanish banks wary of Cypriot student accounts

The impact of Cyprus being deemed a high-risk destination continues to reverberate even in European Union countries, with remnants of its troubled past lingering....

220. 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. ...

221. Greece to provide 50,000 free surgeries in bold health initiative

Greece's Health Ministry has announced a plan to pay for some 50,000 operations that have been pending at the National Health System in afternoon surgeries....

222. US Ambassador: Cyprus vital for regional stability

In an era defined by conflict and rapidly changing geopolitical landscapes we see just how crucial Cyprus’ role is as a secure pillar of stability in the Eastern Mediterranean region, US Ambassador Julie Fisher said Thursday, addressing an event at the University of Cyprus....

223. 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. ...

224. 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....

225. 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....

226. Government to receive €1.2B for green transition and resilience plan

Cyprus is set to receive a total of 1.2 billion euros from the Recovery and Resilience Plan (RRP). ...

227. Electricity subsidy extends to vulnerable consumers until February's end

With its metaphorical ''finger on the trigger,'' the Ministry of Finance is vigilantly tracking the anticipated surges in the current....

228. King Charles's cancer diagnosis spotlights NHS struggles with record waiting times

In the wake of King Charles's recent cancer diagnosis, concerns over the National Health Service (NHS) have surged as data reveals hundreds of thousands of UK cancer patients resorting to private treatment due to extended NHS waiting times....

229. 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......

230. CERA proposes reduced electricity increases amidst parliamentary discussion

The head of Regulatory Energy Cyprus (Cera), Andreas Poulikkas, briefed the Parliament's Finance Committee on the latest proposals submitted by the Electricity Authority of Cyprus (EAC) for review. ...

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

232. 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....

233. Interest rates extended, borrowers face dilemma

Last Thursday, the European Central Bank (ECB) opted to maintain interest rates, extending the uncertainty for borrowers regarding their loans and repayments....

234. 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,...

235. 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....

236. 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....

237. 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. ...

238. Cyprus leads the EU in cross-border investments

During a Parliamentary Finance Committee meeting, CySEC Chairman George Theocharides announced Cyprus's top-ranking status in providing cross-border investment services within the EU....

239. 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....

240. 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. ...