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571. Energy minister and finance minister clash over Cyprus' energy future

The Republic of Cyprus is at a critical juncture in its energy sector as multiple projects face delays and uncertainty, raising concerns about the country's future energy security and international relations....

572. Cyprus banks report €164.7 million deposit increase in July

Total deposits in Cyprus’ banks recorded a net increase of €164.7 million in July 2024, compared with a net decrease of €44.1 million in June 2024, according to figures released on Wednesday by the Central Bank of Cyprus (CBC)....

573. Cyprus banks to engage with top investors in London

The investment community is turning its focus to a major conference in London, set for late September, where several Cypriot banks will be represented....

574. Greece tightens bank statement rules for schengen visa

Travelers planning to visit Greece need a Schengen visa, which permits stays of up to 90 days within a 180-day period across the Schengen Area. ...

575. CERA decision delay stalls Cyprus-Crete electrical cable project

The Regulatory Authority of Cyprus (CERA) has once again postponed its decision on the timing of cost recovery for the Cyprus-Crete electrical cable project, causing frustration among stakeholders....

576. European Commission allocates €1B to flood-affected nations

The European Commission proposed on Tuesday over €1 billion in financial support from the EU Solidarity Fund (EUSF) to help Italy, Slovenia, Austria, Greece and France deal with the impacts of the severe floods that hit these countries in 2023....

577. FT: Zuckerberg accuses Biden Admin of pressuring Meta to censor COVID-19 content

Meta CEO Mark Zuckerberg has accused the Biden administration of pressuring the social media company to censor certain COVID-19 content during the pandemic....

578. ‘Unsinkable’ yacht took 16 minutes to sink, not 60 seconds, CEO claims

The CEO of the company that built the superyacht Bayesian has claimed that the crew had 16 minutes to warn passengers before the vessel sank during a violent storm near Palermo, Sicily. Giovanni Costantino......

579. FT: China set to hit PwC with record penalty amid Evergrande fallout

PwC China has informed its clients that it expects Chinese authorities to impose a six-month business ban starting as early as September, following its audit of the now-collapsed property developer Evergrande....

580. Vogue content coming to ChatGPT in new deal

OpenAI has inked a deal with publishing giant Condé Nast, marking yet another partnership between the AI company and major media outlets. Previous collaborations include agreements with Time magazine, the Financial Times, and the Associated Press....

581. 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....

582. 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....

583. 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. ...

584. Nicosia faces financial strain amid local government reforms

In an article in this Sunday's Kathimerini, Apostolos Tomaras writes that Just two months into the tenure of Cyprus’ new local government, the Nicosia Municipality is grappling with significant financial challenges, raising concerns about its ability to comply with legal requirements....

585. The Cypriot Hill Station

"Next Thursday, His Excellency the High Commissioner will depart from here with his family to go to his residence in Troodos for a vacation."(June 25, 1910). ...

586. Kamala Harris unveils economic plan with tax cuts and housing focus

Vice President Kamala Harris is set to present a comprehensive economic plan during a major policy speech in Raleigh, North Carolina, on Friday....

587. 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....

588. Paphos-Polis Chrysochous road work delays could end soon

According to a report by Kathimerini's Apostolos Tomaras, the long-delayed road work on the Paphos to Polis Chrysochous route might soon resume, with the Greek company INTRAKAT appearing ready to continue the project. ...

589. Limassol resident loses €30,000 in cryptocurrency scam

A 54-year-old resident of Limassol reported to the police yesterday that he was scammed out of €30,000 by an online scammer posing as a cryptocurrency investment advisor....

590. Cyprus to modernize education system starting 2024-25

Cyprus’ Minister of Education, Sports, and Youth, Athina Michaelidou, announced on Monday a series of planned changes aimed at modernizing the education system. Highlighting education as a government priority, Michaelidou outlined the key initiatives set to begin in the 2024-25 school year....

591. Cyprus and China lock horns over Vasilikos issues

Apostolos Tomaras writes in this Sunday's Kathimerini that negotiations between Cyprus and the Chinese consortium over the "PROMETHEAS" ship, currently in Shanghai, have become a contentious issue as Cyprus seeks to gain control of the vessel. ...

592. Google and Meta secretly target underage YouTube users with Instagram ads

Google and Meta have been implicated in a secret agreement to push Instagram ads to underage YouTube users, bypassing Google's policies on advertising to minors, according to a report by the Financial Times....

593. Cyprus rewards Olympians with substantial bonuses

Cypriot athletes are set to receive substantial financial rewards following their performances at the Paris Olympics, reflecting the nation's commitment to honoring its sports stars....

594. Bank of Cyprus sees 23% profit growth, raises financial targets

The Bank of Cyprus has announced a 23% increase in its profit after tax for the first half of 2024, reaching €270 million, compared to the same period in 2023. ...

595. Limassol man duped out of €30,000 in cryptocurrency scam

596. Government rolls out €400 laptop grants for middle school students

Following the President's announcement of the "At Every Start, Together" initiative aimed at supporting students at the beginning of the new school year and easing family......

597. Cyprus' Vasilikos gas terminal project fails after 20 years

Cyprus has faced a protracted and troubled effort to introduce natural gas to its internal market for electricity generation over the past two decades. ...

598. President unveils €9.5M support package for students and families

President Nicos Christodoulides announced a new package of measures aimed at supporting students and alleviating family budgets amid rising inflation and costs. The initiative, titled "Together at Every Beginning," is designed to assist families as the new school year approaches....

599. Kamala Harris selects Tim Walz as running mate

Viewed by many as a dark horse candidate, Illinois Gov. J.B. Pritzker has not been selected to serve as Kamala Harris’ running mate. Harris chose Minnesota Gov. Tim Walz as the Democratic Party’s vice-presidential candidate...

600. Central Bank revises GDP growth to 3%

The Central Bank of Cyprus (CBC) made a conservative upward revision to the GDP growth rate for 2024, by 0.2 percentage points, to 3%......