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301. Cyprus faces multi-million Euro losses as major development projects collapse

Cyprus is facing significant financial and logistical challenges following the abrupt termination of contracts for major infrastructure projects, with some cases likely to lead to costly legal battles....

302. Fired Paphos-Polis road contractor wants €35 million payout

The Cyprus government has formally terminated its contract with Intrakat, a Greek construction company, for the long-awaited Paphos-Polis Chrysochous motorway, citing severe delays and excessive demands from the contractor....

303. Cyprus GDP and living standards improve, but challenges remain

Cyprus' living standards have continued to improve, with the country's GDP per capita reaching 95% of the EU average in 2023, according to recent data from the Statistical Service of Cyprus....

304. Cyprus fires contractor on stalled Pafos-Polis motorway project

The Cyprus Department of Public Works announced it is terminating its contract with INTRACOM Constructions S.A., the company responsible for the stalled Pafos-Polis Chrysochous motorway project, ...

305. EU probes €101 million grant in Vasilikos project and Cyprus officials' role

The European Public Prosecutor's Office (EPPO) investigation into potential misconduct involving Cyprus's Vasilikos liquefied natural gas (LNG) terminal project, which received €101 million in EU funds, is advancing and is now in a critical phase, according to a report by APostolos Tomaras....

306. New EU tariffs on Chinese EVs slow Cyprus’ shift to electric cars

The European Union's new tariffs on electric vehicles (EVs) imported from China, reaching as high as 35.3%, are expected to significantly impact Cyprus' already slow-moving EV market, according to a report by Kathimerini's Dorita Yiannakou....

307. What Trump’s election could mean for American taxpayers

A Donald Trump presidential election victory would have huge implications for US trade policy......

308. Larnaca and Paphos airports to handle 17.5 million passengers annually

The deal to hand over Larnaca and Paphos airports to Hermes Airports Ltd is nearly sealed, as the company moves toward......

309. Germany faces uncertainty as Scholz fires finance minister

Germany’s governing coalition faces a major crisis amid economic challenges and mounting political strife, as Chancellor Olaf Scholz dismissed Finance Minister Christian Lindner and announced he will seek a parliamentary vote of confidence on January 15. If Scholz fails to secure support, Germany could see elections as early as March....

310. Extreme winds push California fires out of control

Fierce winds lashed California on Wednesday, feeding fast-moving wildfires that destroyed dozens of homes and forced thousands to evacuate....

311. Akamas road project delayed again as investigation continues

Decisions on key issues surrounding Akamas—particularly potential disciplinary proceedings for the first phase of the road network and the resumption of related work—are running behind schedule....

312. TechIsland, Invest Cyprus team up to attract global tech investment

In a move expected to enhance Cyprus’s appeal as a tech hub, TechIsland has signed an agreement with Invest Cyprus to attract more foreign investors, with a particular focus on the technology sector....

313. Horizon aircraft’s unique shape offers more room for passengers

As global demand for air travel grows, carbon emissions from aviation have risen faster over recent decades than those from rail, road, or maritime transportation. ...

314. RICS Cyprus Property Price Index with KPMG in Cyprus announces results of 2024 Q3

On behalf of KPMG in Cyprus, Christophoros Anayiotos, Board Member and Head of the Real Estate Industry Group, stated:...

315. BoC Fintech Hackathon 5.0: Fintech Ideas that can change the world!

The number of registrations exceeded all expectations since more than 200 people and more than 25 teams participated....

316. Cyprus faces 2024 deadline to align with EU regulations on foreign investments

Cyprus faces a deadline by the end of 2024 to align with the European regulation governing large foreign investments....

317. Greece watches U.S. election as it pursues defense autonomy

As the U.S. holds its presidential election, Greece closely monitors the outcome, knowing it will influence the country’s defense and foreign policy ties with Washington. ...

318. Cyprus government revisits foreign investment control amid hospital takeovers

The foreign investment control (FDI) bill, often referred to as the ''Lonestar'' bill, has resurfaced in Cyprus, prompting fresh discussions about foreign ownership of critical sectors, according to a report by Panayiotis Rougalas in this Sunday's Kathimerini. ...

319. Politico: EU urged to establish spy agency to combat espionage

The European Union needs a dedicated intelligence agency to strengthen defense against espionage and foreign interference, according to a new report from former Finnish President Sauli Niinistö, released Wednesday....

320. President urges faster completion of 88 major projects

Cyprus President Nikos Christodoulides urged ministers to accelerate the government’s agenda of 88 key projects for the administration’s second year, Deputy Minister to the President Irene Piki announced after a recent Cabinet meeting. ...

321. President unveils €30 million plan to revitalize Troodos region

President Nikos Christodoulides has unveiled a comprehensive plan aimed at revitalizing the Troodos mountainous region, with more than 20 major projects and policy actions set to be implemented. ...

322. Chaos in Rhodes as migrant camps take over city center

Rhodes is facing a growing crisis as areas like Eleftherias Square and Therma have transformed into informal migrant camps, creating a suffocating environment in the city center....

323. Cyprus reaches agreement for delivery of FSRU

The Cypriot government and a Chinese consortium have come to an agreement for the delivery of the floating storage regasification unit (FSRU) ''Prometheus,'' which is expected to be finalized within 60 days....

324. Massive cyber attacks target key websites in Cyprus

In the past 24 hours, Cyprus has been hit by a series of major cyber attacks, targeting both government websites and critical internet infrastructure....

325. Vasilikos terminal in limbo as negotiations hang by a thread

According to Apostolos Tomaras in today's Kathimerini, four months after the Chinese consortium pulled out of the construction of the Vasilikos terminal, efforts to fill the gap are still getting started....

326. Water crisis looms as Cyprus dams hit 27%

Cyprus is grappling with a severe water shortage as the ongoing drought pushes the country's dam capacity to worrying levels. According to Gianna Economidou......

327. Hermes Airports website under attack, authorities assure no disruption

Hermes Airports' website was targeted in a cyberattack today, but initial reports indicate that airport operations remain unaffected, the company said. ...

328. Cyprus on high alert after cyberattack threat by hackers

Cyprus state services are closely monitoring developments following a warning of an imminent cyberattack targeting the country's critical infrastructure, although no attack has occurred yet, according to well-informed sources....

329. Cyprus' infrastructure shines as MED9 Summit boosts tourism

330. Flight cancellations leave Air Haifa struggling for passengers

Air Haifa, a new low-cost airline, completed its inaugural flight on the Tel Aviv-Larnaca route yesterday morning. Upon returning from Larnaca, passengers were surprised to find the flight nearly empty, a rare occurrence during this peak travel season for the Israeli aviation industry....