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61. 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....

62. Cyprus tax reform: A win for families, a challenge for businesses

Cyprus is set to undergo its first major tax reform in over 20 years, with changes expected to align the system with the country’s evolving economic landscape....

63. Cyprus among EU countries lagging in gender budgeting initiatives

Cyprus stands out as one of only three European Union (EU) member states currently lacking a gender budgeting framework, alongside Estonia and Lithuania....

64. Ombudswoman raises alarm over prolonged stay of unaccompanied minors at Pournara

A total of 27 unaccompanied minors have been stranded at the Pournara Temporary Reception and Accommodation Center for an average of 90 days, despite completing all necessary procedures for their transfer, according to a report by Commissioner for Administration and Human Rights Protection, Maria Stylianou-Lottides....

65. Farmers face devastating crop losses as freezing temps hit hard

Cyprus’ farmers are facing major losses as freezing temperatures from the Coral weather system devastate crops across the island. The Ministry of Agriculture, Rural Development, and Environment has vowed to step in quickly, promising immediate support for those affected....

66.  Unique protected species in Europe killed at the Mavrokolympos Dam

A month ago, the Ministry of Agriculture announced an environmental disaster: the drainage of the Mavrokolympos dam due to a technical failure that could not be repaired. ...

67. 2024 global VC investment rises to $368B as investor interest in AI soars

Global VC investment rose from $349.4 billion across 43,320 deals in 2023 to $368.3 billion across 35,684 deals in 2024 despite a multitude of challenges, including global conflicts and geopolitical tensions, uncertainties associated with a significant number of major elections—...

68. Cyprus government gives hotels deadline to get licensed or face closure

The government is giving unlicensed hotels and tourist accommodations a two-year window to secure their operating licenses, with specific milestones and actions outlined along the way. ...

69. Government announces minimum wage increase for hotel workers

President Nikos Christodoulides highlighted key economic and labor policy decisions today during a Council of Ministers meeting at the Presidential Palace, emphasizing efforts to boost employment and attract Cypriot professionals back home....

70. One in three short-term rental accommodations is illegal

71. Turkey renews its call for a two-state solution in Cyprus

Turkey has once again pushed its demand for a two-state solution to the Cyprus issue....

72. Larnaka: New projects, new energy, and a bright outlook for its tourism

Larnaka is on the verge of an exciting transformation. With its beautiful coastline, rich history, and growing modern developments, the city is becoming an increasingly attractive spot for tourists....

73. Gaps in first aid laws leave public at risk, expert warns

Cyprus has strong legal frameworks for first aid, but key gaps leave the public vulnerable, warns Michalis Kyprianou....

74. Audit office wants big changes to land program for low-income families

The Audit Office has called for a major revision of the Land Allocation Plan for low-income families....

75. Takata airbag crisis and Cyprus's failure to act

The case with the problematic car airbags and the authorities rushing in to try to withdraw vehicles with defective Takata airbags from circulation reveals the enormous responsibilities of those who handled the issue politically and technocratically over the last thirteen years....

76. Adoption legislation modernised with a new bill

A bill modernising adoption legislation was approved by the Council of Ministers on Wednesday....

77. EU warns of strong response to possible US tariffs

The European Union has expressed deep concern over potential US trade measures, cautioning that any tariffs imposed on European goods would trigger a firm response....

78. Nick Kounoupias, Global Head of IP for Michael Kyprianou Law Firm Appointed to Cyprus AI Taskforce

We are thrilled to announce that Mr. Nick Kounoupias, Global Head of Intellectual Property at Michael Kyprianou LLC, has been appointed by the Cyprus Council of Ministers to the Cyprus AI Taskforce as approved by the Council of Ministers....

79. Old GSP redevelopment nears completion, set to transform Nicosia’s historic centre

The long-anticipated redevelopment of the old GSP stadium in the heart of Nicosia is set to be handed over to the public this month, marking a major step in the revitalization of the capital’s historic centre....

80. NASDAQ-listed Freedom24 is making its mark in Cyprus and beyond

When Timur Turlov, the CEO of Freedom Holding Corp., set his sights on Cyprus, he saw more than just a financial hub—he saw opportunity. In a market where fintech companies are staking their claims, ...

81. President Christodoulides met today with the UN Secretary-General's Special Representative in Cyprus

President Nikos Christodoulides met earlier today at the Presidential Palace with Colin Stewart, the UN Secretary-General's Special Representative in Cyprus....

82. Cyprus’ tax reform aiming for innovation, sustainability, and simplicity

A major tax reform is underway in Cyprus as part of the Tax Transformation Project, led by the Centre for Economic Research (CER) at the University of Cyprus. ...

83. Cyprus vs. bureaucracy: Can the red tape finally be cut?

For years, bureaucracy has been a major roadblock for businesses in Cyprus. ...

84. Cyprus’ housing is in crisis as foreign buyers take over the market

As housing becomes an increasingly pressing issue for the majority of Cypriots, Parliament is opening up a debate on the surge in real estate purchases by third-country nationals....

85. How Abramovich evaded millions in taxes using Cyprus

A massive tax evasion scheme tied to Roman Abramovich’s superyachts has been uncovered, shedding light on how the Russian billionaire exploited Cyprus’ offshore business environment. Leaked documents reveal that from 2005 to 2012, Abramovich’s companies set up a fake yacht-leasing business in Cyprus to dodge EU taxes on his luxury vessels....

86. A green planet with India leading the way

Climate Change is a defining challenge of our times but as the world hurtles toward an escalating climate crisis, India is stepping into a global leadership role to tackle climate change. ...

87. RIK welfare fund scandal: Taxpayers on the hook for mismanaged millions

A potential case of misappropriation of public funds has emerged involving the Cyprus Radio Broadcasting Corporation's (RIK) Welfare Fund, according to findings from the Parliamentary Control Committee....

88. Chaos over fine notifications: 'Website operation is illegal'

A barrage of criticism from MPs has been directed at the Police for "threatening citizens" with court referrals if they fail to pay fines from the photo-enforcement system by the end of March....

89. Pay as You Throw: Roadmap agreed despite 20 obstacles

A roadmap for implementing the "Pay as You Throw" system by municipalities and communities was agreed upon on Thursday during a meeting hosted by the Ministry of Agriculture, Rural Development, and Environment....

90. Greece to launch 22 'Onassis Public Schools' in disadvantaged areas

The Greek government, in collaboration with the Onassis Foundation, is launching 22 ''Onassis Public Schools'' to bring transformative changes to public education in underprivileged areas....