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121. Minister Michaelidou unveils ambitious strategy for sports talent development

All the necessary policies and actions are being adopted to promote talent in sport and to ensure an environment with equal opportunities and equal participation for all,...

122. Greece rolls out 'climate resilience levy' to fund post-disaster reconstruction

In an effort to finance reconstruction projects following severe forest fires and floods, the Greek government has introduced a new accommodation tax, referred to as the 'climate resilience levy.'...

123. Finance Ministry undergoes administration overhaul

124. European Commission disburses funds to six member states

The European Commission disbursed payments to six Member States Thursday, under the Recovery and Resilience Facility (RRF)....

125. US Ambassador discusses Cyprus and Russian influence in exclusive interview

In an exclusive interview with Kathimerini, the U.S. Ambassador to Cyprus weighs in on whether the island nation's ties to Russian influence are changing. ...

126. 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. ...

127. December Newsletter of K. Treppides & Co Ltd: CySEC

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....

128. DAC6 revisited through the prism of DAC8

The Directive on Administration Cooperation (''DAC'') has been amended multiple times since 2011 to allow for the automatic exchange of information across multiple fields of taxation....

129. Inside the grand unveiling of 'Smart Nicosia' dreams

In a groundbreaking initiative, the municipality of Leucosia unveiled the Smart Nicosia project on November 20, marking a significant leap towards transforming the city into a smart and livable hub....

130. Cyprus gets BBB+ boost in latest ratings, but challenges persist

The German Scope Ratings have given a positive sign for Cyprus by upgrading the country to BBB+ last Friday from the previous BBB while keeping the outlook of the economy stable. ...

131. Cyprus eyes $1.22 billion for electric cars

Cyprus is set to undergo a transformative phase with its revised Recovery and Resilience Plan, valued at $1.22 billion....

132. Eurozone economic snapshot - November 13, 2023

Inflation in the Eurozone, which stood at 10.6% in October 2022, has decreased to 2.9% in October 2023, sparking optimism among central bankers....

133. How Kotsovolos fits into PPC's master plan

The acquisition of "Kotsovolos" propels PPC's transformation into an integrated provider of products and services, reshaping the retail electricity market. By securing "Kotsovolos," PPC gains the means to offer a comprehensive range of services, from electricity and natural gas to cutting-edge energy solutions....

134. Turkey, the most unreliable ally of the West

The latest developments in the Middle East after the terrorist actions of Hamas and the reaction of Israel have proven once again that Turkey does not want and does not belong to the Western alliance. Tayyip Erdogan’s decision to align himself with the extremist Islamists of Hamas and Iran clearly shows where the country is heading....

135. Biden's cabinet seeks $105 billion aid for Israel and Ukraine

Defense Secretary Lloyd Austin and Secretary of State Antony Blinken will make the case Tuesday that the United States should immediately send aid to Israel and Ukraine, testifying at a Senate hearing as the administration’s massive $105 billion emergency aid request for conflicts in those countries and others has already hit roadblocks in the divided Congress. ...

136. Minister vows 'smart lights' rule over timers

In a recent presentation of the Ministry of Transport's 2024 budget to the Finance Committee, Minister of Transport, Alexis Vafeadis, categorically stated that there will be no timers installed at traffic lights until at least March or April 2024. ...

137. Rising rent costs challenge Cyprus middle-class budgets

A disconcerting trend is unfolding in Cyprus, where not only are the prices of essential goods on the rise, but rents are also skyrocketing, sparking extensive debates and concerns throughout society according to a report on Philenews....

138. Electricity link connects Israel, Cyprus, Crete, and Greece

In a significant development for the energy sector, George Papanastasiou, the Minister of Energy, Trade, and Industry, expressed his warm welcome for the forthcoming implementation of the electricity interconnection project connecting Israel, Cyprus, Crete, and mainland Greece....

139. How blockchain technology is reshaping financing

In this age of technology, digital transformation, and the omnipresence of the internet, alternative digital financing is emerging as an innovative and effective solution for both businesses and individuals in need of financial support....

140. Foreign buyers flock to Cyprus real estate

Recent data on property sales in Cyprus reveal distinct trends in different provinces. Notably, the real estate landscape in Nicosia contrasts sharply with that of coastal provinces....

141. €369 million EIB loan for smart investments

The government has secured a €369 million loan from the European Investment Bank (EIB) with favorable terms to support expenditures and investments within the framework of the "Thalia" program. ...

142. Former Finance Minister continues to question EuroAsia project

Former Finance Minister Constantinos Petrides has returned to the issue of the Eurasia Interconnector, expressing concerns and raising important questions. In a post on the "X" platform, he highlighted the need for transparency and clarity surrounding this significant and costly project....

143. Akamas landowners displeased with compensation delay

The community councils have started expressing their unhappiness after yesterday's announcement of compensation measures for the Akamas communities by the Minister of Interior and Agriculture, Rural Development, and the Environment....

144. China's $10 trillion hidden debt

For some time now, markets have been buffeted almost on a daily basis by gloomy economic news filtering out of China....

145. EuroAsia interconnector seeks alternative funding

The developer of the EuroAsia Interconnector is seeking alternative funding avenues to construct Cyprus' electricity interconnection with the European Union, following the European Investment Bank's rejection of a loan request. ...

146. EuroAsia interconnector loan denied by European Investment Bank

The European Investment Bank will not approve a loan for financing the electricity interconnection project between Cyprus, Greece, and Israel through the EuroAsia Interconnector, as confirmed by a representative from the EIB in an interview with "K" magazine....

147. 2022 marks best real estate year in 14 years

DANOS, a prominent real estate consulting agency, hails 2022 as a remarkable year for Cyprus real estate, breaking through the economic challenges and awakening from the post-COVID stagnation. ...

148. The EuroAsia saga continues

In a statement to ''K'' news, the European Commission expressed its appreciation for the recent signing of the cable purchase agreement for the EuroAsia Interconnector....

149. A long journey always begins with a small step

The many crises the EU has been facing recently should not let us forget the ongoing pain caused by the open wound of Cyprus’ division....

150. Firefighting aid en route to Greece as Cyprus extends a helping hand

Cyprus is sending to Greece two firefighting aircraft and a ground unit to assist in the firefighting efforts....