Search

631. 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....

632. How France's nationalist shift could shape Cyprus' future

In France, the prospect of nationalists potentially clinching a decisive majority in the upcoming parliamentary elections has stirred apprehension in Brussels and Berlin....

633. Fitch elevates Hellenic Bank’s credit rating

Fitch Ratings has upgraded Hellenic Bank's Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+', with stable outlook and its Viability Rating (VR) to 'bbb-' from 'bb+'. ...

634. President announces €10 Million boost for Cyprus tourism

President Nikos Christodoulides announced a €10 million increase in the 2025 budget for the Deputy Ministry of Tourism to enhance Cyprus's international promotion....

635. Fidias' victory brings new hope to Cypriot politics

In modern pedagogy, one can distinguish between a young person who reacts to various situations and suggestions of expected behaviour, and another who remains apathetic......

636. First Lady leads initiative to provide financial aid for students in need

The Independent Social Support Body, chaired by First Lady Philippa Karcera Christodoulides, has announced a supplementary application process for student assistance for the 2023-2024 academic year. ...

637. Is Larnaca the new Limassol?

Larnaca is dynamically emerging as a key player in investments and major developments, making significant strides in recent years and capturing a new image....

638. Banks contribute over €854M in taxes amid controversy over proposed levy

In the last seven years (2017-2023), Cypriot banks have collectively paid more than €854 million in income tax, special taxes, and VAT, according to a report by Panayiotis Rouglas in last Sunday's Kathimerini....

639. Why building a home is rare today

As discussed in our previous article, the housing landscape in our country is changing, with home ownership rates decreasing and aligning with the European average. ...

640. American artist turns Cyprus' ancient stones into vibrant art

Have you ever heard of any Cypriot artists climbing up into the mountains on an extremely hot day just to collect stones and extract colors?...

641. Monthly car auction returns to Larnaca, featuring Bank of Cyprus vehicles

Car enthusiasts and bargain hunters alike will converge once again on Mosfiloti, Larnaca, as the monthly car auction resumes its cycle....

642. Varosha resolution: PACE calls for return to legal owners

The Parliamentary Assembly of the Council of Europe (PACE) on Thursday approved a resolution calling for the return of Varosha to its lawful inhabitants......

643. Ministry maintains €300 fine for running red lights

On Thursday, the Minister of Transport, Communications, and Works, Alexis Vafeadis, was briefed on various legislative proposals submitted by parliamentarians....

644. ICT sector powers Cyprus' economic growth

Almost all of the productivity growth in Cyprus' economy over the past three years can be attributed to the Information and Communication Technology......

645. Legal expert asserts Turkey's right to act against alleged Israeli military activities in Cyprus

646. Rentals rise as home ownership trends change

Around 20-25 years ago, Cyprus was renowned for having one of the highest rates of home ownership globally, with figures nearly reaching 78% - 80%, as per the data available then....

647. Eurobank gains green light for 100% acquisition of Hellenic Bank

The Cyprus Securities and Exchange Commission (the “CySEC”) approved on 25 June 2024, the publication of the Takeover Bid Document for the acquisition by Eurobank S.A. of up to 100% of the issued share capital of Hellenic Bank, whose shares are listed on the Main Market of the Cyprus Stock Exchange (“CSE”). ...

648. Cyprus has a long way to go when it comes to EV's

Cyprus lags behind the rest of the European Union in the adoption of battery electric vehicles (BEVs), according to data from the European Alternative Fuels Observatory (EAFO). While growth is noted and targets seem achievable, the country's rate of electric car use remains among the lowest in the EU....

649.  Houses for sale by AstroBank

AstroBank has listed for sale houses in Nicosia, Larnaca, and Paphos that are ideal for own-occupancy....

650. Global giants eye battery storage project in Cyprus

Major global companies like Tesla and Samsung have expressed interest in developing a battery-based electricity storage system in Cyprus, according to Minister of Energy, Trade, and Industry George Papanastasiou. ...

651. Enigmatic 4,000-year-old building found on Crete

A big, round, 4,000-year-old stone building discovered on a Cretan hilltop is puzzling archaeologists and threatening to disrupt a major airport project on the Greek tourist island....

652. Real estate investment opportunities by Astrobank

AstroBank has listed for sale a large residential/commercial field in Peyia as well as other properties that are ideal investment opportunities in Paphos, Famagusta and Nicosia....

653. Standard & Poor’s upgrades Bank of Cyprus rating

Standard & Poor’s (S&P) has upgraded Bank of Cyprus’ long-term issuer rating to BB+, just one notch below investment-grade status, and assigned a positive outlook. This comes shortly after the upgrade of Cyprus’ long-term rating to BBB+, also with a positive outlook....

654. Chevron, Frederick University offer scholarships for female engineers

Frederick University and Chevron are announcing three full scholarships for the academic year 2024-25 for new female students who will enrol in any of the undergraduate programs of study of Frederick University’s School of Engineering in the academic year 2024-25....

655. 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. ...

656. US, Cyprus launch strategic dialogue post Blinken-Kombos meeting

Cyprus and US confirmed Monday the strategic aspect of their relationship and set the timetable for the beginning of the Strategic Dialogue which is going to be starting in September....

657. Cyprus eyes market return with ten-year bond

Cyprus is gearing up to re-enter the financial markets in the near future to capitalize on the recent positive momentum bolstering its economy....

658. Attorney General continues testimony in Auditor General suspension hearing

The biggest challenge facing the Legal Service is the continuous attacks from the Audit Service and its allies, Attorney General George Savvidis testified on Friday. ...

659. 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....

660. Banks blame high interest rates for decline of new loans

Loan demand continued to fall in the first quarter of 2024, with banks blaming high interest rates for the decline. ...