Search

1171. Nicosia revises language on EastMed gas

Cyprus and Israel are in talks over the construction of a pipeline linking their offshore gas fields, Cyprus's energy minister said on Monday...

1172. Cypriots want less bureaucracy, better civil servants

Cypriots appear largely dissatisfied by the functioning of the country’s public administration, and believe that the way forward goes through the reduction of bureaucracy, better skills for civil servants and more communication with citizens, according to the findings of a flash Eurobarometer survey on how EU citizens perceive the support provided to member states through the European Commission’s Technical Support Instrument...

1173. Kyriakides to attend G7 meeting on global health architecture

Commissioner for Health Stella Kyriakides will take part in discussions regarding a global health architecture, representing the EU, during the G7 health ministerial meeting set to take place in Nagasaki Japan on Saturday, May 13th and Sunday, May 14th....

1174. US congressman arrested for fraud and money laundering

US Republican congressman George Santos has been arrested in New York on federal charges of fraud, money laundering and theft of public funds....

1175. New sanctions list expected by the end of May

The episode with the sanctions imposed by the United States and Britain on natural and legal persons that include Cypriot names is expected to continue....

1176. King Charles: the properties he is forbidden to sell

King Charles inherited $500 million in assets after the death of Queen Elizabeth, but that's only part of his fortune....

1177. King Charles III and Queen Camilla crowned in lavish ceremony

King Charles III and Queen Camilla have been crowned at Westminster Abbey, marking the symbolic beginning of a new royal era in Britain, and a personal fulfilment for a man who has spent more than seven decades in waiting....

1178. Russia's Lukoil completes sale of oil refinery in Italy

Russia's second-largest oil producer Lukoil said on Thursday its subsidiary LITASCO had completed the sale of the ISAB oil refinery in Sicily to Cypriot private equity firm G.O.I. Energy following approval by Italian authorities...

1179. EU gives €60-80m to fund Hellenic defense systems

As part of the moves to strengthen the European defense industry, based on the increased need for defense equipment resulting from the war in Ukraine,...

1180. Dr Charis Savvides joins Grant Thornton Cyprus

Grant Thornton Cyprus is pleased to announce that Dr Charis Savvides joined the Firm as the Funds and Regulatory Compliance Services Leader. This appointment is part of the Firm’s strategic plans to enhance its advisory offering and at the same time, to meet growing client demands....

1181. Expanding Profitability and Strengthening Capital Position

Group Financial Results for the year ended December 31, 2022...

1182. Cyprus' 2022 household assets reach €59.7B, debt at €20B

In December 2022, the total value of financial assets held by households was €59.7 billion. Out of this amount, 62% was invested in currency, deposits, and loans, 2% was allocated to debt securities, 19% was invested in stocks, and the remaining 17% was invested in other types of financial instruments....

1183. More than 330,000 people displaced in Sudan due to conflict

Deadly conflicts in Sudan have displaced more than 330,000 people inside the country, while more than 100,000 have crossed the border to neighboring countries, the United Nations has announced....

1184. Russian wave heads north as sanctions pick up in Cyprus

Russian businesses in the Republic of Cyprus are rumored to be moving to the northern part of the island to avoid sanctions, amid reports that more Cypriot nationals in the south are expected to be added to a new list of 'Russian enablers'...

1185. 3,000 Ukrainian refugees to be evicted from hotels by end of month

Cypriot authorities plan to evict about 3,000 Ukrainian refugees currently living in hotels in Cyprus by the end of this month....

1186. Speculation rampant as Cyprus probes Russian fire

The cause of a large fire on Wednesday at a Russian building in central Nicosia is under investigation, with media speculation ranging from an accident to a possible terrorist attack and authorities not ruling out anything...

1187. EC proposes major reforms to create single market for medicines

The European Commission has proposed a new single market for medicines in the European Union (EU) to create an attractive and innovation-friendly environment for the research, development, and production of medicines....

1188. WHO leads regional effort to improve health and well-being of refugees and migrants

1189. Safeguarding First Responders on duty

The rapid evolution of technology is bringing huge and beneficial changes in all areas and the rescue sector isn't an exception. ...

1190. MEP Eva Kaili also being investigated for fraud

In the wake of allegations that she was involved in the so-called Qatargate kickback scandal, Greek MEP Eva Kaili is also being investigated for misappropriating European Parliament funds, Politico has reported...

1191. Folli Follie trial set for June after lawyers' abstention ends

The trial of Greek jewelry maker Folli Follie is expected to finally take place in June after being deadlocked for some time. This was due to lawyers abstaining from their duties in trials concerning criminal organizations due to legal disagreements concerning a legislative provision stating that any sentences imposed would be served. ...

1192. April Newsletter of K. Treppides & Co Ltd: CySEC

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

1193. Cyprus faces economic losses due to rejected renewable energy production

The issue of storing electricity from renewable energy sources has become a problem due to extensive production rejections of both large and small photovoltaic parks by the Transmission and Distribution Operators on Easter Sunday and Monday in Cyprus....

1194. Russian and Ukrainian stock in Cypriot fund's Lukoil deal

A highly contentious takeover of a Lukoil plant in Italy by a Cypriot fund appears to be moving forward, with the latest media speculators picking on rumors that the leadership of the new operation might come from both Russian and Ukrainian stock...

1195. Hacked data from Cyprus up for grabs on darknet

Encrypted folders with stolen information from Open University of Cyprus may be available on the dark web, where data brokers and identity thieves can now buy access to private information of students and staff after the institution failed to pay ransom...

1196. 'The goal is 1,000 voluntary returns per month,' says Ioannou

The government of Cyprus has outlined a four-pillar plan to address immigration issues, according to Interior Minister Konstantinos Ioannou. The first pillar is to limit the flow of asylum seekers entering Cyprus, followed by managing asylum applications and reception areas more efficiently....

1197. Politics blog: Moscow on the Mediterranean

While some talk behind our backs, The Guardian is unabashedly labeling our country, especially our banking system, as the "Moscow of the Mediterranean". ...

1198. Assets of US and UK sanctioned entities in Cyprus will be frozen

Cypriot individuals and entities included in UK and US sanctions list will see their assets in the Cypriot banking system frozen and will not be able to carry out any banking transaction in Cyprus, Marios Skandalis, Chief Compliance Officer of Bank of Cyprus, the island’s largest lender has said....

1199. Cyber gang badgers Cypriot university to cough up $100K

The notorious Medusa ransomware gang is asking for $100,000 from Open University of Cyprus following a cyberattack on the institution’s digital platforms, with data samples already leaked online to prove they are not kidding...

1200. Three major concerns of ECB regarding Cypriot banks

Although Cypriot banks have made great progress over the last decade, foreign supervisors have reservations and summarise their concerns in three areas....