Search

61. Choirokoitia archaeological site in urgent need of modernization

For many years, even before independence, Cyprus Tourism and the relevant authorities have relied heavily on the "sun and sea" model, which has significantly influenced how......

62. 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....

63. 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....

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

65. 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. ...

66. 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....

67. 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...

68. 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%......

69. 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....

70. 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....

71. 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......

72. 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. ...

73. 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. ...

74. 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)....

75. Kamala Harris raises record $81M in 24 hours after Biden's exit

Vice President Kamala Harris has shattered fundraising records, drawing an unprecedented $81 million in the 24 hours following President Joe Biden's decision to step down, campaign spokesperson Kevin Munoz announced Monday....

76. Biden bows out. What now?

After an extended period of criticism and pressure, not from opponents but from friends and supporters, which made it particularly painful, came self-awareness and, finally, the difficult decision....

77. Financial education in Cyprus schools after Metamax scandal

The ongoing investigation into the Metamax investment pyramid scheme is causing growing alarm across Cyprus. Complaints to police departments have surpassed 100, with over €220,000 allegedly defrauded. ...

78. Biden withdraws from US Presidential race

President Joe Biden has withdrawn from the 2024 presidential race, a decision that injects significant uncertainty into the Democratic nomination process just months before the November election against Donald Trump. ...

79. Cyprus secures €30 million EU grant for enhanced maritime surveillance

Cyprus has secured an additional €30 million in funding from the European Commission to enhance its maritime surveillance capabilities. This funding follows the successful selection...

80. 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....

81. US and Israel fund far-right groups blocking Gaza aid

Under U.S. pressure, Israel has pledged to deliver substantial humanitarian aid to Gaza....

82. Man wanted in 'Metamax' scam surrenders to police

A 63-year-old man wanted in connection with the "Metamax" pyramid scam has surrendered to authorities and is currently under interrogation, according to police sources. ...

83. Donors withhold $90M in election funding unless Biden steps aside

Donors to a major super PAC backing President Joe Biden are withholding around $90 million in pledged funds, urging the president to step aside, sources told the New York Times. ...

84. Retired Cypriot police officer wanted in Metamax pyramid scheme

Authorities in Cyprus are actively seeking a 63-year-old Greek Cypriot resident of Limassol in connection with the Metamax pyramid scheme fraud, according to information obtained by our website. A warrant for his arrest has been issued....

85. Domestic violence cases on the rise in Cyprus

Reports of domestic violence in Cyprus have seen a significant rise, with incidents reaching alarming numbers, Justice and Public Order Minister Marios Hartsiotis told a parliamentary committee on Monday....

86. Court detains suspect in Metamax pyramid scheme

A 54-year-old man arrested in connection with the ''pyramid'' fraud scheme known as Metamax has been ordered detained for eight days by the Limassol District Court, according to proceedings held on Saturday, July 6th. ...

87. ECB concerned over Cypriot bank profit tax proposal

In 2023, Cypriot banks reported unprecedented profits, marking a 15-year high, with projections suggesting even greater earnings in 2024....

88. EU funds drive Cyprus organic plant production with €5.2M

The Cyprus Agricultural Payments Organization (CAPO) has disbursed over 5 million euros to beneficiaries under Action A.A. 1.4 - Organic Plant Production of Cyprus' Strategic CAP Plan for the 2023-2027 programming period....

89. How Russian LNG still powers Europe despite sanctions

The Yakov Gakkel LNG tanker plays a crucial role in maintaining Europe's gas supply, transporting liquefied natural gas (LNG) from Siberia to European terminals....

90. Consulco hosts London Gin Night for its partners

Consulco Group hosted three unique cocktail parties, under the name “London Gin Night”, dedicated to its customers and partners. ...