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751. Cyprus tax reform targets green initiatives and economic revitalization

By March 2024, the initial six phases of the tax transformation project commissioned by the Ministry of Finance to the Centre for Economic Research of the University of Cyprus will conclude,...

752. CIFA projects optimistic 2024 for Cyprus investment funds amid challenges

The Cyprus Investment Funds Association (CIFA) has expressed optimism for the Investment Funds sector in Cyprus in 2024, projecting another positive year despite existing challenges and uncertainties, according to a press release. ...

753. Trump-linked companies receive $7.8M from 20 governments

In a groundbreaking report released yesterday by Democratic lawmakers, a comprehensive 156-page document titled "White House for Sale: How Princes, Prime Ministers, and Premiers Paid Off President Trump" has brought to light a complex web of financial transactions....

754. Cabinet approves free preschool for 4-year-olds

The Council of Ministers today greenlit the expansion of free pre-primary education for 4-year-olds, announced Education Minister Athina Michaelidou following the conclusion of the Cabinet meeting....

755. New details emerge in Menendez's Qatari bribery allegations

In a complex legal saga, U.S. Senator Bob Menendez finds himself ensnared in deeper troubles as fresh allegations unfold....

756. Finance Ministry undergoes administration overhaul

757. Cyta unions stage two-hour work stoppage over staff future

In response to management's proposed alterations to the future of Cyta's staff, the unions are initiating a decisive move with a two-hour work stoppage today from 8-10 am....

758. 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)....

759. EC allocates recovery funds to six member states

The European Commission disbursed payments to six Member States on Thursday, marking a milestone in the implementation of the Recovery and Resilience Facility (RRF). ...

760. Cyprus housing crisis deepens amid interest rate scandal

With current interest rates, the prospect of repaying a mortgage spans nearly fifty years for an average family, turning homeownership into an elusive dream....

761. Cyprus linked to Magnitsky case through luxury hotel investment

The international organization OCCRP, specializing in organized crime and corruption, has once again implicated Cyprus in investment cases related to the luxury hotel Cap St Georges in Peyia. The connection ties back to the infamous Magnitsky case, a high-profile tax fraud scandal in Russia....

762. Divisions in Cyprus amplify fact-checking challenges

Cyprus, an ethnically divided island in the Mediterranean, is like any other nation: It’s been hit by a wave of misinformation, and residents are trying to keep up....

763. EU's Schinas criticizes veto use, stresses need for compromise

European Commission Vice President Margaritis Schinas voiced concerns about the use of the veto as a primary defense tactic, stating that it hinders compromise rather than facilitating it....

764. Greek home sales face unprecedented delays

The process of selling a house in Greece has started to look like an odyssey, after the developments of the last few weeks....

765. EU summit reaches compromise on Euro-Turkish issues amidst Cyprus concerns

The European Union Summit recently brokered an informal compromise on Euro-Turkish matters, redirecting decisions on the Borell/Commission document and proposed ''gifts'' to Ankara to seven pillars...

766. Themis Themistocleous signals potential 2024 interest rate cut

In their ''Year Ahead 2024'' forecast, analysts at Swiss financial giant UBS anticipate a slowdown in the strength of the US economy throughout 2023. ...

767. UK and Cyprus to strengthen global collaboration

The UK Foreign, Commonwealth and Development Office Director General for Europe, Peter Wilson and the Republic of Cyprus Ministry of Foreign Affairs Permanent Secretary, Kyriacos Kouros chaired the first annual review of the UK-Cyprus Memorandum of Understanding....

768. EU Council's ''historic'' decision to benefit Ukraine, Moldova, and Georgia

Without agreement on the European budget, the first day of the European Council meeting was concluded at 2.30 Brussels time (3.30 a.m. on Friday), as no "common ground" was found on the revision of the budget (2021-2027), due to lack of unanimity....

769. Government joins elite with third plea for €152.3M

Acting Permanent Secretary of DG Growth at the Finance Ministry, Andreas Zachariades, said on Thursday that as of Friday, Cyprus will be among the first ten EU member states that have submitted the third payment request from the Recovery and Resilience Mechanism of the EU....

770. European data shows low interest payouts by Cypriot banks

Cypriot banks rank second to last among European banks in terms of paying interest on total household deposits, according to data released on Wednesday by the European Banking Authority (EBA), as part of its annual risk assessment of the European banking system....

771. Christodoulides emphasizes seriousness in addressing Cyprus Problem

In his remarks upon arrival for the European Council meeting in Brussels, President of the Republic Nicos Christodoulides emphasized the need for seriousness in addressing the Cyprus problem, ...

772. Chinese elite move billions abroad in economic shift

In a remarkable shift this year, affluent Chinese have moved hundreds of billions of dollars out of the country, capitalizing on the end of COVID precautions that had tightly sealed China's borders for nearly three years....

773. How Cyprus and Chevron found common ground

The resolution of the dispute between the Republic of Cyprus and Chevron Cyprus Limited, the operator of the Aphrodite field, appears largely satisfactory to both parties....

774. The climb to success in the public sector pay scale

The Ministry of Finance has officially disclosed the main provisions of the agreement reached with trade unions PASYDY and FCC, outlining significant salary advancements for public and broader public sector employees, including those within Local Government Authorities. ...

775. Biden warns Israel as derogatory soldier videos surface

President Joe Biden, a staunch supporter of Israel, broke from tradition by openly criticizing the Israeli government's approach to the two-state solution....

776. Biden: Playing into Putin's hands on Ukraine aid threat

In a bold statement, President Joe Biden minced no words as he warned Republicans about unwittingly aiding Russian President Vladimir Putin....

777. Crisis averted as Cyprus and Chevron reach compromise

The resolution of the dispute between the Republic of Cyprus and Chevron Cyprus Limited, the manager of the Aphrodite field, can be seen as a compromise satisfying both parties. ...

778. EU struggles with Hungary's blockade on Ukraine's accession and funding release

Efforts to prepare for the summit of the 27 European Union heads of state continued in a tense atmosphere until Friday....

779. Biden's approval hits record low as Trump gains momentum

In a recent Wall Street Journal poll, Donald Trump takes a lead over Joe Biden for the 2024 presidential election, marking a pivotal moment in the race....

780. Government employment hits record high

In ongoing discussions about new hires and the 2024 budget in Parliament, the focus is on the remarkable increase in government employment, surpassing levels from 2012....