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451.  ATM debate reaches Kykkos Monastery

An ATM at a monastery? It might sound like the setup for a joke, but it's a real proposal being considered as part of an effort to bring banking services to Cyprus' remote and mountainous regions....

452. Swedish man to testify against lawyer and officer who helped him escape

A 49-year-old Swedish man who managed to escape from a Larnaca clinic last December will now become a key witness for the prosecution in the trial of two individuals accused of helping him flee. ...

453. Petrolina: A longstanding sponsor of the ''Love Route''

454. Liopetri River restoration moves forward, supporting fishermen and local economy

The long-awaited restoration of the Liopetri River is gaining momentum, with key government officials meeting behind closed doors to discuss how to move the project forward. ...

455. President Christodoulides: ‘Together, we are changing Cyprus’

President Nicos Christodoulides reflected on his administration’s accomplishments during a televised sit-down with journalists, marking two years since he took office....

456. EU pushes for tougher deportation rules for rejected asylum seekers

The European Commission has rolled out a new plan to make it easier to send back asylum seekers who don’t qualify to stay in the EU....

457. Over €1.2 billion in Russian assets frozen in Cyprus amid ongoing sanctions

In Cyprus, over €1.2 billion worth of Russian assets have been frozen, as part of Europe's broader effort to block Russian assets amid ongoing sanctions. ...

458. Investigation deepens into Moldovan woman's death

Humanitarian organizations are urging an immediate and thorough investigation into the death of 24-year-old Anastasia Melega, a Moldovan woman whose body was discovered in a nightclub bathroom in the Turkish-occupied part of Cyprus....

459. March Newsletter of K. Treppides & Co Ltd - 06/03/2025

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...

460. EU hits back with $28 billion in tariffs on US goods

The European Union is hitting back after U.S. President Donald Trump imposed a sweeping 25% tariff on all European steel and aluminum imports....

461. Cyprus farmers face ruin as drought devastates crops

Cypriot farmers are staring down a bleak future as a third consecutive year of drought wreaks havoc on their crops. Many now face tough decisions, with some fearing financial ruin as their fields dry up and their harvests fail....

462. Cracking down on animal cruelty, tougher penalties on the horizon

In a hopeful step toward stronger animal protection, Cyprus' Attorney General has urged the Minister of Justice to toughen penalties for animal abuse, making the law a true deterrent for offenders....

463. End of an era: Manchester United to leave Old Trafford after 115 years

Manchester United has officially announced plans to move out of Old Trafford, their home for the past 115 years, and build a brand-new, state-of-the-art stadium next door. The proposed 100,000-seater venue will become the largest football stadium in the UK....

464. Exciting News: New Leadership Appointments at K. Treppides & Co Ltd

The Management of K. Treppides & Co Ltd is thrilled to announce the appointment of new leaders to our Board of Directors and Board of Management, effective from 1 March 2025. This highlights our commitment to fostering excellence and promoting talent from within our ranks....

465. Lack of 'Certificate of Occupancy' puts homeowners at risk in 'Rent to Mortgage' plan

A surprising revelation in the ongoing discussion about the Rent to Mortgage Scheme has raised concerns for homeowners across Cyprus: around 60% of the properties involved in the scheme do not have an official certificate of occupancy, meaning that a building complies with all necessary regulations and is safe for use or habitation....

466. Retired but still on payroll as doctor gets paid for 10 months after retiring

A retired public sector doctor continued receiving salary and benefits for nearly a year after leaving his post, collecting a total of €65,000 in state funds while working for a private clinic, a parliamentary committee revealed Tuesday....

467. Eurobank Cyprus: Stronger in 2024, with a net profit of €214mn

Eurobank Cyprus ended 2024 with increased profitability strong capital adequacy and maintained its good loan portfolio quality. The results reaffirm the Bank’s sound performance and resilience, the effective management of challenges in 2024,...

468. Cyprus faces uncertain future as electricity link with Greece stalls

The ambitious Great Sea Interconnector project, aimed at linking the electricity grids of Greece and Cyprus through an underwater cable, has been indefinitely suspended due to geopolitical tensions and financial uncertainties. ...

469. Calls for resignation of SHSO board amid growing healthcare concerns

The resignation of the Board of Directors of the Cyprus Health Services Organization was demanded today during a Parliamentary Health Committee meeting discussing the 2025 budgets for SHSO and the Health Insurance Organization....

470. Limassol explores the possibility of a tram system

A conference set for March 18 will examine the feasibility of a tram system as a public transport solution that could help ease Limassol’s traffic congestion....

471. MPs mull casino cash exemption despite laundering fears

A proposal to exempt casinos from Cyprus' €10,000 cash transaction limit has sparked a heated debate in parliament, with regulators warning that such a move could open the door to money laundering and create unequal rules for businesses....

472. Cyprus banks hit record high profits despite ECB rate cuts

Despite the European Central Bank (ECB) preparing for its sixth interest rate cut since June 2023, bank profits in Cyprus have soared, marking two consecutive years of record earnings. ...

473. Human trafficking case at Kyrenia Port

"Authorities" in the occupied part of Cyprus have extended the detention of six individuals suspected of human trafficking through the port of Kyrenia....

474. Vasilikos project needs another €200 million—will it ever be finished?

The ambitious Vasilikos gas terminal project in Cyprus is facing significant financial and logistical hurdles, with an additional €200 million needed to complete construction. ...

475. Global fintech investment falls to seven-year low of $95.6 billion in 2024, but uptick in Q4’24 is a sign of cautious optimism says KPMG’s Pulse of Fintech H2’24

2024 was another difficult year for fintech, with just $95.6 billion of investment globally across 4,639 deals....

476. How Cyprus became the secret hub of the global porn industry

When people think of Cyprus, they picture sunny beaches, rich history, and perhaps a financial hub. But what few realize is that the island is also home to some of the world's biggest players in the adult content industry....

477. Cyprus will send six athletes to the Special Olympics World Winter Games this year

A press conference was held on February 27th at the Olympic Mansion to officially present the Cypriot delegation for the upcoming Special Olympics World Winter Games....

478. Barbershop battle brews in Nicosia’s old town as Cypriot barbers face extinction

In Nicosia’s Old Town, a quiet battle is playing out—one haircut at a time. On one side are the last five Cypriot barbers still operating in the walled city, clinging to tradition and fearing extinction. ...

479. Police demand €45,000 for carnival security, sparks outrage

A €45,000 bill from the police to Limassol's local authorities for security at this year's Sunday carnival parade has stirred heated reactions, with municipal officials calling the demand unacceptable and legally baseless....

480. Pavlos Kontides named 'Man of the Year' at 23rd awards ceremony

The spotlight was on Cypriot sailing champion Pavlos Kontides on Wednesday, February 26, 2025, as he was awarded the prestigious Man of the Year title at the 23rd Bank of Cyprus Man of the Year Awards ceremony....