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751. Cabinet extends disbursement period of interest rate subsidy scheme

The Cabinet decided Monday to amend the interest rate subsidy scheme for housing and corporate loans to further support the economy amid the ongoing effects of the COVID-19 pandemic and the war in Ukraine....

752. Cyprus Investment Program problematic from the start

Much ink has been spilled over the Cyprus Investment Program (CIP). From its inception in 2017 until its abolition, the CIP was a scheme wherein the Cyprus Government granted Cypriot citizenship to investors, "golden passports" as it is well-known....

753. Interior Ministry aware passport applications did not meet criteria

In the Audit Service's report on the naturalization program, references are made to the manner in which passports were granted, stressing that there were cases in which the Ministry was aware that there were applications that did not meet the criteria, characterizing its approval as illegal....

754. Sleepy Greek port becomes US arms hub

But the sleepy port of Alexandroupoli in northeastern Greece has taken on a central role in increasing the US military presence in Eastern Europe to contain Russian aggression. That flow has angered not only Russia but also neighboring Turkey, underlining how war in Ukraine is reshaping Europe’s economic and diplomatic relationships....

755. EU states facilitating employment of third country nationals to ease labor shortage

The European Union’s population is aging. The factors behind this phenomenon are many, but the declining fertility rates and the increased life expectancy, along with migration to countries like the United States, the United Kingdom, Canada, and Australia, are the main ones....

756. Cyprus-Chevron's Aphrodite tactics irk Israel

A gas field dispute between Cyprus and Israel over a tiny portion, with which the island nation hopes to buy out its neighbor, went in deep water this week after Nicosia and Chevron preannounced plans for Aphrodite despite a decade-long unresolved issue still pending between the two nations...

757. Cyprus requests disbursal of €85 million in RRF funds from EC

The European Commission announced it received on Thursday the first payment request from Cyprus under the Recovery and Resilience Facility (RRF) for the disbursement of €85 million in financial support (net of pre-financing), ...

758. Increasing electricity costs to be subsidized by the government

A subsidy that will cover part of the increase in the price of electricity was hammered down during today's session by the Cabinet. As the Minister of Finance Constantinos Petridis stated, ...

759. A 62-year-old woman relives the horrors of war during the 1974 Turkish invasion

Forty-eight years are not enough for a young girl to forget the systematic rape at the hands of Turkish soldiers, during the 1974 Turkish invasion. ...

760. European nations asked to immediately start rationing natural gas

To avoid energy shortages that would stall economic growth and leave households cold in the winter as Russia weaponizes its gas exports, European countries should immediately start rationing use of the fuel, the European Commission said on Wednesday, and cut their use 15 percent until next spring....

761. Manufacturers must comply with halloumi specifications

By the end of the month, cheese manufacturers will produce halloumi that will fully comply with the specifications of the Protected Designation of Origin (PDO), Minister of Agriculture, Rural Development and Environment Kostas Kadis has said....

762. Kyriakides: EU states must take preventive steps to deal with Covid-19 in the fall

In a letter to each of the 27 EU member states, Stella Kyriakides called on their respective Health Ministers to take preemptive measures in preparation for the autumn season with regard to the coronavirus pandemic, which may include the administration of newly adapted vaccines against the Omicron variant, given the recent increase in Covid cases in the European Union. ...

763. Four individuals charged with conspiracy in Al Jazeera expose

Four individuals have been charged with conspiracy and will appear before a criminal court in September for their role in granting citizenship to foreign investors who didn't quite meet the criteria....

764. FANEROMENI22 - Band Macumba

765. Germany grants asylum to thousands of refugees already protected by Greece

Germany has granted asylum to thousands of refugees who were previously granted refugee protection in Greece....

766. Kea opens spectacular shipwreck dive sites

Jacques-Yves Cousteau would probably have been surprised to learn that the wreck of the World War I Britannic (the sister ship of the legendary Titanic) he discovered in 1975 off southwestern Kea would be listed as an underwater historical site almost 50 years later, becoming one of a handful of such marine parks in the world. ...

767. Public World Premiere of the GT4 ePerformance at the Festival of Speed

The all-electric Porsche GT4 ePerformance has begun its world tour at the internationally-renowned Goodwood Festival of Speed. The tour is intended to highlight the potential of the vehicle concept and the associated racing formats....

768. Lawmakers approve private 'green line' armed cops

The parliament in the Republic of Cyprus has approved legislation allowing the hiring and training of 300 private armed police officers tasked with combating illegal migration along the UN buffer zone, but regulations were still unclear...

769. Businesses will be allowed VAT deferment without penalties

The European Commission has approved a €20 million Cypriot VAT deferral scheme to support businesses affected by the coronavirus pandemic and the restrictive measures put in place to limit the spread of the virus....

770. Greek PM meets with President Anastasiades in Cyprus

Greek Prime Minister Kyriakos Mitsotakis and Cyprus President Nikos Anastasiades said Friday that international law, strong alliances and the countries’ presence in the EU are what protect against Ankara's rhetoric and provocations....

771. Macron, Scholz, Draghi in Kyiv on historic visit

French President Emmanuel Macron, German Chancellor Olaf Scholz and Italian Prime Minister Mario Draghi arrived in Kyiv Thursday morning, visiting the Ukrainian capital for the first time since the beginning of Russia’s invasion in a historic joint trip....

772. The biggest scam in higher education - the master's degree

It's graduation season. Over the past couple of weeks, some 2 million college students have earned their bachelor's degrees and headed off to the next stage of their lives....

773. Cyprus objects to airport designation in Turkish-occupied north

Cyprus will lodge a complaint with the United Nations over Turkey’s new financial assistance deal with breakaway Turkish Cypriots that demonstrates Ankara’s “complete control” over them, the president of the ethnically divided island nation said Monday....

774. East-West orthodox split deepens in Cyprus

An interview with the Archbishop of Cyprus, who used unfavorable words for detractor bishops as well as the Patriarch of Moscow, is causing all sorts of reactions on the island where campaign drama is unfolding both in a highly contested presidential election and a looming replacement for head of church...

775. CBC: New loans drop by almost 50% in April

Cypriot banks granted 50% fewer loans this month in comparison to last month due to a sizeable reduction in new housing loans....

776. Thousands of young Europeans selected to travel throughout Europe for free

Nearly 754,000 people have applied to travel and visit Europe through DiscoverEU, the integrated program of Erasmus+, has revealed....

777. Government to grant one-time subsidy for children's tuition

During last week's cabinet meeting, the council of Ministers decided to impose measures to help mitigate inflationary pressures on the general population. ...

778. Cyprus looking to acquire a presidential aircraft

Discussions surrounding the purchase of an official presidential plane return to the fore....

779. Europe agrees to ban 90% of Russian oil

European Union leaders agreed Monday to embargo most Russian oil imports into the bloc by year-end as part of new sanctions on Moscow worked out at a summit focused on helping Ukraine with a long-delayed package of new financial support....

780. An increase of 50% in subsidies for roof thermal insulation and photovoltaic systems

With a budget increased by 40%, and a potential to increase even further and with increased grants by 50%, the Grant Scheme for thermal insulation on roofs and installation of photovoltaic systems in houses was announced by the Ministry of Energy, Commerce and Industry during a web conference, on Tuesday....