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121. Cyprus reforms are a comedy of errors in governance

Following last Sunday's vote, the much-publicized local government reform will take effect on July 1. This, like many other reforms, has been carried out in typical Cypriot fashion. ...

122. Russian assets to fund Ukraine's defense against Russia

Leaders of the Group of Seven nations have struck a landmark agreement to extend a $50 billion loan to Ukraine, funded by interest earned on Russia’s immobilized central bank assets....

123. New global report launched at Global Family Business Summit

The Global Family Business report from KPMG Private Enterprise and the STEP Project Global Consortium reveals how some successful business families adopt a future-centric view of legacy that binds generations together, creating dynamic legacies that adhere with tradition while simultaneously embracing innovation...

124. Four hostages rescued in daring IDF operation

Israeli forces have successfully rescued four hostages, Noa Argamani, Almog Meir Jan, Andrei Kozlov, and Shlomi Ziv, who were kidnapped by Hamas during the Nova music festival attack in October....

125. Government rejects FTI Group's bailout plea, leading to bankruptcy

FTI Group, Europe’s third-largest travel provider, declared bankruptcy today following unsuccessful negotiations with the federal government, impacting 11,000 employees and tens of thousands of travelers currently on holiday or with future bookings....

126. ''Restoration of Larnaca port project could take years,'' says transport minister

The initial steps toward determining the future of Larnaca's port and marina will commence this afternoon as the Minister of Transport......

127. Vafeadis: ''Government had no choice but to terminate the contract''

In a significant announcement, Cyprus’ Minister of Transport, Communications, and Works, Alexis Vafeades, declared that the government had no choice but to terminate the contract with Kition Ocean Holdings Ltd, tasked with the redevelopment and operation of the Larnaca Port and Marina area....

128. Contract for Larnaca port and marina upgrade terminated

The redevelopment contract for the port and marina of Larnaca has been officially terminated, effective immediately as of 8:30 a.m. on May 27, according to a report by Apostolos Tomaras....

129. Kition Ocean Holdings accused of delaying Larnaca port upgrade

Stagnation has been observed on the government and company front regarding the redevelopment of the port and marina in Larnaca....

130. Europe and the onus lying on our shoulders

On May 9th , 1950, the foundations were laid for the creation of the greatest peace project ever in human history. It was back then when the French Foreign Minister, Robert Schuman presented the "Schuman Declaration," which was actually proposing the creation of the European Coal and Steel Community initially between France and West Germany....

131. Larnaca Port project faces uncertainty amid contractual dispute

Investment tensions in Larnaca's port project have reignited following a failed attempt to bridge differences between stakeholders, leaving a crucial guarantee expired and the project's fate uncertain....

132. Austrian spy allegedly passed data to Russian operatives

Austria is reeling from what authorities are calling its most significant espionage scandal in decades. At the center of the storm is the arrest of Egisto Ott, a former intelligence officer whose alleged actions have unveiled a web of Russian infiltration and manipulation within the country. ...

133. Record crowd watches historic eclipse across North America

The next total eclipse will be on 12 August 2026 and will cover large areas of the northern hemisphere....

134. Accusations against Von der Leyen shake re-election bid as Brussels elite speak out

Ursula von der Leyen’s bid for a second term as president of the European Commission has been dented after accusations of favouritism in the selection of a fellow party member to a lucrative new job. ...

135. Audit exposes serious issues in collecting unpaid taxes in Cyprus

An audit report from the Tax Department for 2022 has uncovered a staggering accumulation of over €2.5 billion in arrears, with €1 billion considered unsecure due to delays in necessary measures, the Audit Service revealed....

136. Europe's ambitious plan to reignite economic engines

As Europe endeavours to uphold its competitiveness amidst economic rivals, its politicians believe they hold a concealed asset: the savings of its citizens, which remain unused and dormant....

137. Porsche tequipment delivers tailored accessories for every driver

PORSCHE TEQUIPMENΤ: An authentic line of accessories that perfectly matches your own character....

138. Cyprus, Greece condemn Erdogan's remarks on 1974 invasion

Cyprus and Greece have condemned recent remarks by Turkish President Recep Tayyip Erdogan regarding the 1974 Turkish invasion of Cyprus, labeling them as a "blatant distortion of historical truth" and an "insult to the memory of the victims."...

139. March 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. ...

140. EU establishes coordination team in Cyprus for humanitarian aid to Gaza

The EU will have a coordination team in Cyprus and will finance and steer the flow of goods to Gaza, President of the European Commission, Ursula von der Leyen, said today while addressing the European Parliament plenary session, in Strasbourg....

141. Cyprus praises EU financial plan for 2025

The joint statement on the orientation of the eurozone’s fiscal policy for 2025 satisfies Cyprus as it validates the cautious and conservative fiscal policy that Cyprus has followed so far, Minister for Finance Makis Keravnos said in Brussels, where he was attending the meeting of the Eurogroup on Monday....

142. Vasiliko energy project now under EU scrutiny

The procedures and decisions related to Cyprus' largest energy project in Vasilikos are gaining significant attention....

143. France first in 50 years to secure abortion as constitutional right

France has taken a historic step by becoming the first country in half a century to enshrine abortion as a constitutional right. ...

144. 800 divorces annually, 35,000 single parents, and outdated benefits

The Human Rights Committee of the Parliament convened today, shedding light on critical issues affecting single-parent families in Cyprus....

145. Christodoulides unveils €60M relief package amid rising prices

In an address to the nation, the President of Cyprus unveiled a series of targeted measures aimed at alleviating the economic challenges faced by households and businesses amidst rising prices. ...

146. Minister Kombos to support 13th Russian sanctions package

Cyprus supports the 13th package of sanctions against Russia, Foreign Minister Constantinos Kombos said during the Foreign Affairs Council in Brussels on Monday....

147. Parliament passes law to remove property restrictions in Occupied Areas

In a unanimous decision, the Plenary Session of the Greek Parliament passed a law abolishing the right of encumbrance of ''memorandum'' on properties held by banks and credit acquisition companies, located in the occupied territories. ...

148. Turkish Cypriot lawyer released on bail pending trial

Akan Kürşat, a Turkish Cypriot lawyer extradited by Italian authorities on charges of usurping Greek Cypriot property in the occupied territories, has been released on conditions pending his case hearing on February 29 at 10:30 am....

149. Digital Citizen initiative for streamlined services

President Nikos Christodoulides announced a series of policy actions aimed at improving citizens' daily lives and enhancing their overall quality of life, alongside legislative and other initiatives geared towards modernizing state structures and institutions....

150. Macan sets new standards: the first all-electric SUV from Porsche