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781. Telecom giant Primetel faces administration

In a recent development, Primetel, a prominent telecommunications company, has entered administration. The company officially informed the Office of Electronic Communications and Postal Services about this significant change in its status....

782. Global economy faces $590 trillion storm

A $590 trillion storm threatens the global economy as rising interest rates make more corporate debts problematic. ...

783. NPL crisis highlights tug of war between borrowers and legislation

The concealment, or "camouflage," of non-performing loans (NPLs) in commercial banks before 2013 and their subsequent explosion have been, and may continue to be, the most significant challenge for the Cypriot economy. ...

784. Petrides tweets expose EuroAsia Interconnector's risks

A series of points accompanied by questions were posted on Twitter by former Minister of Finance, Constantinos Petrides, commenting on the developments regarding the evaluation of the sustainability of the EuroAsia Interconnector project, the electric interconnection project between Cyprus, Greece, and Israel. ...

785. EuroAsia Interconnector secures record-breaking contract

Paris-based Nexans will undertake the construction and installation of the High Voltage Direct Current (HVDC) Cable Systems, marking a significant milestone in the EuroAsia Interconnector project. ...

786. Erdogan's diplomatic efforts in Gulf region

CONSTANTINOPLE - REPORT: With the aim of attracting capital worth 50 billion dollars, Recep Tayyip Erdoğan embarked on a tour of Gulf countries. ...

787. Journalists brave sweltering heatwave across Europe

Millions of people in several parts of the world have been experiencing intense heat. ...

788. Alternatives for EU-Turkey relations?

Turkey’s EU accession process cannot resume under current circumstances, and new possible ways to cooperate should be explored through a “parallel and realistic framework”, according to the report adopted by the Foreign Affairs Committee (AFET) of the European Parliament which was approved on Tuesday, and which includes extended references to the Cyprus Problem....

789. Banking on success: Greek and Cypriot banks show remarkable credit improvement

Fitch Ratings released a new report on Monday stating that the credit profiles of Greek and Cypriot banks have significantly improved over the past year due to de-risking and restructuring....

790. CMP secures funding for vital operations

The Committee on Missing Persons in Cyprus (CMP) said Tuesday that its funding and its operations are not under threat....

791. DAAS-AI: Digital Agenda Alpha Stage AI start-up competition

The Digital Agenda introduces the Alpha Stage Start-ups Innovation Platform, where startups and innovation teams have the opportunity to participate in the Digital Agenda Alpha Stage Artificial Intelligence Competition, known as DAAS-AI, ...

792. Philippos Soseilos: Significant investment opportunities in Cyprus

793. EY Cyprus announces five new partners

EY Cyprus is pleased to announce that its management team has been strengthened with the addition of five new partners and five new directors in 2023, reaching the total number of 31 partners of whom 6 are women, and 17 directors of whom 8 are women....

794. Cyprus approves €361M supplementary budget for 2023

With criticism against the government's agreement for the purchase of the Metropolitan building, which will house the Ministry of Labor and Social Insurance, the Plenary of the House of Representatives approved the supplementary state budget amounting to €361 million....

795. Rising scams in Cyprus

Telephone and online scams are on the rise in Cyprus, targeting vulnerable elderly individuals and attempting to swindle their hard-earned money....

796. Tatar claims Greek Cypriots obstructing excavations

Leonidas Pantelides, the Greek Cypriot member in the Committee on Missing Persons (CMP) has described as not accurate claims by the Turkish Cypriot leader Ersin Tatar about obstructing excavations in the village of Aloda....

797. Ministry of Labor to improve minimum wage policies

Cyprus currently has an outdated software system for pension fund operations. The government aims to expedite the actuarial study for the Social Insurance Fund (TKA) with the support of the International Labor Organization and the government of Austria. ...

798. President appoints Dr. Vasiliki Kassianidou as Deputy Minister of Culture

The Presidential Office issued a statement today announcing the resignation of Michalis Hatzigiannis from his role as Deputy Minister of Culture....

799. Criminals steal $20M from Revolut

Organized criminals exploited a vulnerability in Revolut's payment systems to steal over $20 million from the fintech company, as reported by the Financial Times, citing multiple anonymous sources knowledgeable about the incident....

800. Cypriot economy on the brink, says Finance Minister

During his address to the House of Representatives and following his presentation to the Parliamentary Finance Committee on the government's comprehensive package of seven measures for addressing foreclosure issues, ...

801. Diverse music styles unite at Windcraft Music Fest

The Windcraft Music Fest opens its doors for the ninth time on the weekend of July 22nd and 23rd in Katidatata Solia and invites music lovers and those seeking an interesting festival experience to join this celebration of wind instruments and more....

802. Cyprus gov't to pay €345,000 to Turkish Cypriot for illegal use of property

The big news: "Compensation of €345,000 will be paid to a T/C of American origin by the Republic of Cyprus, while also returning his property in Limassol, which was being used illegally....

803. The common dilemma of Zelenskyy and Makarios

How and when will the war in Ukraine end? Concerning the “how,” there is relative unanimity among Western politicians and analysts. Ukraine will either join NATO or secure an explicit commitment that the Alliance will henceforth protect its borders. ...

804. Ministry of Culture to launch 'Kypria' pilot for art festivals

We have fully entered the summer, and the eagerly awaited cultural events have either begun or will soon begin. ...

805. Spain: Youngsters to receive 20,000 euros upon turning 18

A universal inheritance is proposed by the Minister of Labor of Spain, Yolanda Diaz, as a means to address social inequalities. Under this framework, all young people living in Spain would receive 20,000 euros after they turn 18....

806. Climate change threatens tourism as tourism impacts climate change

Coastal erosion, rising sea levels, increased temperatures, sea disturbances, and storms, as well as the reduction of freshwater supply, are some of the consequences of climate change....

807. Eurobank's vision: Controlling Hellenic Bank and conquering new markets

According to Bloomberg, Eurobank's deputy chief executive, managing director, and head of international operations, Stavros Ioannou, expressed the bank's desire to eventually gain full control of Hellenic Bank in Cyprus....

808. Cyprus-US partnership deepens with strategic collaborations

President Nikos Christodoulides delivered a stirring address at the reception hosted by the US Ambassador, marking the Independence Day of the United States and emphasizing the deepening partnership between Cyprus and the United States. ...

809. Migrant reception center in Kofinou inaugurated today

The inauguration of the first phase of construction works at the International Protection Applicant Reception Center in Kofinou, upgraded with the support of the European Asylum Agency (EUAA), took place today, conducted by the Minister of Interior, Konstantinos Ioannou, along with Nina Gregory, the Executive Director of EUAA, and Beate Gminder, Deputy Director-General in the Directorate-General for Internal Affairs of the EU....

810.  EU confronts asbestos-related deaths

A very serious issue that concerns members of the European Committee of the Regions (CoR) is the use and exposure of citizens to asbestos....