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361. Officials to remove 2,500 speed bumps across the island

Transport Minister Alexis Vafeades announced that 13 speed bumps have been removed out of the 113 that were approved for removal by the relevant committee. ...

362. What a federation means for Cyprus’ EU status

We say Cyprus is an indivisible, unified, consubstantial state that could become a federation....

363. 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. ...

364. 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....

365. 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....

366. Paphos man loses €200,000 in online fraud scheme

Police are investigating a new online fraud case involving a large sum of money after a 67-year-old man reported being swindled out of €200,000. The complaint was filed today at the Paphos Police Station, according to Cyprus Police....

367. Trilateral meeting proposal faces hurdles as Tatar continues to refuse

President Christodoulides' strategy to pressure Ersin Tatar into agreeing to a trilateral meeting, despite Tatar’s ongoing refusal, appears ineffective. ...

368. EU demands Cyprus return €101M in energy project funds

The Republic of Cyprus is preparing to respond to the European Commission by the first week of September regarding a demand to return €101 million in funding that was allocated for the Vasilikos energy terminal, Energy, Trade, and Industry Minister George Papanastasiou said Thursday....

369. Call for Kokkina crossing point to be reopened gains momentum

The Kato Pyrgos Tillyria Community Authority is renewing its push for the reopening of the Kokkina crossing point, a move they argue is essential for revitalizing the region and addressing longstanding grievances....

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

371. EU bolsters Lebanon with €1B aid package

The European Union has begun political dialogue with the Lebanese government to implement critical reforms, backed by substantial EU funding. ...

372. Cyprus boosts R&D Funding by nearly 20%, spending €138M in 2023

Cyprus significantly boosted its investment in research and development (R&D) in 2023, with government budget allocations rising by 19.8% compared to the previous year, according to new data from Eurostat. This increase is notably higher than the average 5.3% rise observed across the European Union during the same period....

373. €6M fund available for innovators to tackle real-world challenges

The Research and Innovation Foundation (RIF) has announced a new funding program called "Co-Develop" with a total budget of €6 million. This program aims to solve real-world problems by connecting researchers with businesses in areas such as digital technologies, advanced agriculture, health, and the environment....

374. 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...

375. RIF launches €6M fund to foster innovation and economic growth

The Research and Innovation Foundation (RIF) announced on Tuesday a new call for the "Co-Develop" funding programme, with a total budget of €6 million, aimed at better leveraging resources and apply innovative solutions to real problems....

376. 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%......

377. GESY reserve fund soars to €590 million

The General Healthcare System (GESY) reserve fund remains high at approximately €590 million, exceeding international best practices......

378. DISY President urges transparency amid Vasilikos scandal

DISY President Annita Demetriou's call for transparency regarding the Vassilikos scandal carries dual significance. ...

379. Cyprus could face financial strain over Vasilikos debacle

The abandonment of the Vasilikos terminal project by a Chinese consortium has triggered a cascade of financial and operational challenges for Cyprus, with substantial implications for state finances and energy infrastructure....

380. Vasilikos: Cyprus political figures and public officials to be summoned

The European Public Prosecutor's Office has launched an investigation into the construction contract of the Natural Gas Terminal (NGA) in Vasilikos, Cyprus....

381. Cyprus relaunches LNG terminal tender after €0.5B contract termination

Cyprus will soon launch tenders for the completion of the Liquefied Natural Gas Terminal for electricity generation, despite the termination of a €0.5 billion......

382. EU probes Vasilikos terminal over misuse of funds

The European Public Prosecutor’s Office (EPPO) has launched an investigation into the liquefied natural gas (LNG) import terminal project in Cyprus, citing suspicions of public procurement fraud, misuse of EU funds, and corruption. ...

383. Kyriacos Kokkinos appointed to European Institute of Innovation & Technology board

Kyriacos Kokkinos, Former Deputy Minister for Research, Innovation and Technology has been appointed by the European Commissioner for Innovation......

384. EU Prosecutor probes Vasilikos LNG project for fraud

The European Public Prosecutor's Office (EPPO) has launched an investigation into the Vasilikos liquefied natural gas (LNG) import terminal project in Cyprus, amid suspicions of public procurement fraud, misappropriation of EU funds, and corruption. ...

385. Cyprus eyes key EU portfolio in von der Leyen’s second commission

As EU member states finalize the 26 names for Ursula von der Leyen's second European Commission......

386. July Newsletter of K. Treppides & Co Ltd: Cyprus Securities and Exchange Commission

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....

387. Cyprus signs €50 million contract for smart meters

A €50 mln contract for Advanced Metering Infrastructure (ΑΜΙ) was signed on Wednesday between the Electricity Authority of Cyprus (EAC) and the Cyprus Telecommunications Authority (CYTA)....

388. Cyprus to decide on Great Sea Interconnector this August

Important decisions concerning the Great Sea Interconnector, an electric cable linking Cyprus and Greece, are anticipated in August. ...

389. EU reviews impact of Chinese exit from Vasilikos' LNG terminal

The European Commission is assessing the potential impacts on project funding following the withdrawal of a Chinese consortium from the construction of the LNG terminal in Vasilikos, a spokesperson for the European Commission confirmed....

390. Kyriakides secures EU health funding for Bosnia and Herzegovina

Commissioner for Health Stella Kyriakides signed on behalf of the European Commission an association agreement of Bosnia and Herzegovina with theEU4Health programme, according to a press release....