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1021. Christodoulides takes on migration, housing, and traffic head-on

Migration, housing and traffic are the subjects the President of the Republic, Nikos Christodoulides focuses on, aiming for immediate and effective resolution, he said, speaking at the regular meeting of the Board of Directors of Cyprus Employers and Industrialists Federation (OEB) in Limassol on Wednesday afternoon....

1022. EAC brings 400,000 smart meters for all

Demetris Nathaniel, EAC's Deputy Press Spokesman, informed K that the first 40,000 smart meters will be operational by the first half of 2024, with the remainder to be installed within 2-3 years....

1023. Supreme court rejects President's referendum on Turkish Cypriot properties

In a significant ruling, the Supreme Constitutional Court, in its new composition, rejected the President's third referendum on the amendment law passed by the Parliament concerning Turkish Cypriot properties and the powers of the 'Guardian.'...

1024. Bank of Cyprus woos investors at London conference

Last week, the Bank of Cyprus launched a series of engagements with investors, with a particular focus on attracting new stakeholders. This initiative took place during the BofA Merrill Lynch conference, notably at the Annual Financials CEO Conference held in London from last Tuesday to Thursday. ...

1025. Sepaga EMI named one of the top 20 great places to work in Europe

Nicosia, Cyprus – 26/9/2023 – Sepaga EMI, a leading fully licensed and regulated Electronic Money Institution by the Central Bank of Cyprus (License No. 115.1.3.18/2018) since 2017 takes pride in providing its clients with exceptional financial solutions for managing their funds and global payments....

1026. Keravnos expects more from banks to boost Cyprus economy

The Cyprus economy has proven its resilience in recent years, Finance Minister Makis Keravnos said Tuesday at the 4th Conference "Banking System: New Challenges and Opportunities", that takes place in Nicosia, noting that there are still challenges that the banking sector must address....

1027. 16 students awarded $34,500 in scholarships for US universities

The Cyprus Children's Fund (CCF) has announced the selection of 16 students for its 2023 Scholarship Awards, totaling $34,500. These scholarships are aimed at supporting Greek students pursuing their education in American universities. ...

1028. TechIsland Summit 2023: Cyprus on the fast track of becoming a tech island

TechIsland held its annual TechIsland Summit within the framework of the Reflect Festival on 20 September 2023....

1029. Revolutionizing the management of multi-owner buildings in Cyprus

The proposed legislative changes, tabled in the parliament yesterday, seek to modify and enhance the existing framework for the management of common buildings....

1030. First Lady's assistant denied extra pay

A majority of the members of the Parliamentary Finance Committee approved the release of funds requested by the Presidency for salary payments, but the Committee unanimously rejected a separate request concerning overtime compensation for an employee temporarily assigned to the Presidency....

1031. Eurobank to acquire Hellenic Financial Stability Fund stake

Eurobank Ergasias Services and Holdings S.A. has recently inked a conditional sale and purchase agreement with the Hellenic Financial Stability Fund. This agreement entails the acquisition of the Fund's entire stake in Eurobank's share capital....

1032. Cyprus' 'Photovoltaics for All' cuts electricity costs by 50%

In a bold move to expedite the transition to green energy, the Ministry of Energy is gearing up to unveil a groundbreaking solar energy production initiative that promises to reshape the balance between conventional and green energy sources....

1033. €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. ...

1034. 153 government employees face overtime probe

After the issue of overtime pay arose with Deputy Government Spokesperson Doxa Komodromou, all Presidential staff will come under the scrutiny of the Audit Service, including relatives and friends of the presidential couple, as reported by Philenews. ...

1035. Russia's UN demand turns heads

Russia has thrown its weight behind the prompt appointment of a special envoy or adviser tasked with addressing the enduring division of Cyprus, a matter that falls under the jurisdiction of the UN Secretary-General....

1036. 22 startups aim for 10K prize

Twenty-two startups hailing from Cyprus, Great Britain, Israel, and Greece are vying for the prestigious 10,000 euro prize at the 2023 Digital Agenda Cyprus Summit....

1037. 43 undeclared workers uncovered in hotel raids

In July, the Ministry of Labor and Social Insurance's Inspection Service conducted targeted inspections at hotels across Cyprus, revealing 43 undeclared workers. This resulted in 20 Violation Notices and 19 Imposition of Fines, totaling €49,000....

1038. Musk's Neuralink calling for human test subjects

Elon Musk’s controversial biotechnology startup Neuralink opened up recruitment for its first human clinical trial Tuesday, according to a company blog....

1039. Consulco’s London Credit Fund; Existing & New Investment Opportunities

1040. Government considers making face-covering in protests a crime

DISY is set to present a proposal to amend the Penal Code to criminalize participating in demonstrations while deliberately concealing one's identity....

1041. Christodoulides invites Erdogan to pursue peace

Cyprus President Nikos Christodoulides, during his address to the 78th session of the UN General Assembly in New York, extended an invitation to Turkish President Recep Tayyip Erdogan to collaborate towards a vision of peace and the mutual betterment of their countries....

1042. Global investment giants converge in Cyprus for IIFA 2023

The 36th annual international conference of the International Investment Funds Association (IIFA), will take place in Cyprus, for the first time, on October 23-25. ...

1043. Meta encryption shields child abusers in shadows

Mark Zuckerberg’s plan to roll out encrypted messaging on his platforms will let child abusers “hide in the dark”, according to a government campaign urging the tech billionaire to halt the move....

1044. Christodoulides' UN call: A bold push for Cyprus reunification

In his address before the 78th UN General Assembly today, the President of the Republic of Cyprus, Nicos Christodoulides, will emphasize six key areas of focus, with the majority centered on addressing the Cyprus problem and the prospects for resuming negotiations while referencing the foundation for a solution....

1045. US plane brings captives back home

The plane carrying five American citizens freed as part of a deal between the U.S. and Iran have now landed back home in the United States....

1046. Church advocates sex ed as long as it's 'responsible'

The Holy Synod of the Church of Cyprus convened in its third regular session of the year, presided over by Archbishop George, Archbishop of Cyprus. ...

1047. How University of Cyprus handles overtime pay

The University of Cyprus, led by its rector, Tassos Christofides, acknowledged that overtime was paid to Doxa Komodromou....

1048. LEGO-bricks for real buildings in Florida

A Florida construction firm is seeing fast adoption of its intuitively-made building blocks that work like real-life LEGO bricks....

1049. Italy's cry for help: Facing a migrant surge amid EU discord

Italian Prime Minister Giorgia Meloni has appealed for greater European support as her country confronts a surge of people fleeing north Africa, amid growing tensions between Rome and other EU capitals over migration policy....

1050. SSM chief urges banks to be prudent amidst soaring profits

The Chairman of the Single Supervisory Mechanism (SSM), Andrea Enria, has emphasized that the gains from high interest rates for banks will eventually come to an end....