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1621. Cyprus struggles with renewable energy and storage gap

Only 15% of Cyprus' total energy production comes from Renewable Energy Sources (RES), highlighting the country's significant lag in this sector....

1622. Anticipating the arrival of natural gas in Cyprus

After attending a workshop on energy issues in Nicosia and engaging in meetings with stakeholders in the UK, George Papanastasiou, the Minister of Energy, Trade, and Industry, is now embarking on a two-day working visit to Israel. ...

1623. CFA president talks trouble in soccer paradise

The top official of the Cyprus Football Association has denied allegations that his group concealed UEFA red notices, telling lawmakers instead that his group made its own rules that were even tougher because police were unable to solve cases...

1624. Giuliani believes Burisma bribed people in Cyprus

Former Trump lawyer Rudy Giuliani says people in Cyprus and other countries were paid hush money in a global shakedown of the owner of Burisma in order to keep the Ukrainian energy company above scrutiny...

1625. Struggle for disabled children from Ukraine continues in host countries

A recent survey conducted by the UN Refugee Agency (UNHCR) has revealed that approximately 12% of families who fled Ukraine due to the conflict have at least one member with a disability....

1626. AstroBank raises deposit interest rates

New 18-month term deposit product at 1.50% annual interest irrespective of amount...

1627. President Christodoulides leads Cyprus' EU initiative

President Nicos Christodoulides is currently in Strasbourg with the main objective of promoting the proposal for a more active involvement of the European Union (EU) in resolving the deadlock on the Cyprus problem and resuming talks....

1628. Man gets eight years in Cyprus’ deadly fire

An elderly man in Cyprus has been sentenced to eight years in prison after he was found guilty in the fire that killed four Egyptian workers...

1629. Erdogan calls on Greek Cypriots to face reality

Turkish President Recep Tayyip Erdogan has called on Greek Cypriots to face reality, vowing during a Monday visit to north Cyprus that Turkish Cypriots will never be a minority on the island and calling for equal status before any talks take place...

1630. JPMorgan chase settles $290M lawsuit with Epstein victims

JPMorgan Chase (JPM) reached a tentative $290 million settlement with victims of Jeffrey Epstein, one of two lawsuits alleging the nation's largest bank ignored warnings about its longtime client and facilitated his alleged sex trafficking....

1631. Erdogan's controversial visit to the occupied areas

Breaking from tradition, Turkish President Recep Tayyip Erdogan embarked on an unauthorized visit to the "TRNC" before his scheduled trip to Azerbaijan on June 13....

1632. Christodoulides' pledge to safeguard Cyprus' reputation

President of the Republic Nikos Christodoulides has stressed that the government will not allow a very small minority of people in the country to tarnish Cyprus' reputation, which was built after many years of effort....

1633. Greek islands grapple with doctor shortages as tourism takes priority

Many Greek islands face severe shortages of doctors and nurses and attempts to solve the issue fall afoul of local economies and, in certain cases, government bureaucracy....

1634. Planetarium Cyprus: Where science and wonder converge

Some people ask, ''Does a planetarium merely provide answers, or does it also evoke questions?'' Achilleas Kentonis, the executive director of the Interstellar Institute, responds, ''First and foremost, it stimulates questions, and then answers naturally follow.''...

1635. Cypriot president to address European parliament

President of the Republic, Nikos Christodoulides will be traveling to Strasbourg on Monday where the next day he will address the plenary of the European Parliament...

1636. Aegean and Cyprus Airways join forces with code-sharing agreement

In a significant move that aims to enhance connectivity and offer improved travel options, Aegean and Cyprus Airways are preparing to announce strategic cooperation through a code-sharing agreement....

1637. Former US-based bank executive to lead Turkey's Central Bank

Turkish President Recep Tayyip Erdogan on Friday appointed a former U.S.-based bank executive to head Turkey’s central bank, in another sign that his administration might pursue more conventional economic policies....

1638. President keeps EU initiative alive after phone call

Dialogue prospects on divided Cyprus may seem small after UN efforts failed this week to bring together the two community leaders, but President Nikos Christodoulides remained upbeat on Thursday over a hard sell to involve Brussels in the peace process, citing a phone call he received on Thursday...

1639. Cyprus banking sector maintains stable solvency ratio

The overall solvency ratio of the Cyprus banking sector stood at 21.2% at the end of December 2022, the same as September 2022, according to data published by the Central Bank of Cyprus on Wednesday....

1640. June Newsletter - Deadline for settlement of taxes through self-assessment

1641. Building and agricultural land for sale by AstroBank

1642. Cyprus housing prices rise amid increased demand

During the fourth quarter of 2022, housing prices in Cyprus continued their upward trend, driven by increased construction costs and higher demand....

1643. Finance minister warns of VAT consequences

With the deadlines long expired and the saga of amending the Value Added Tax Law to apply the reduced rate of 5% to specific residential square meters dragging on, Finance Minister Makis Keravnos sounds the alarm, emphasizing the palpable risk of Cyprus being taken to the European Court and fined....

1644. Cyprus's slow ride on the electric car bandwagon

We are slowly rushing towards zero-emission transportation. The data from new vehicle registrations indicate that while the numbers are increasing, the percentage of electric cars on Cypriot roads remains limited....

1645. 380 CYTA employees on the brink of departure

In an effort to further reduce operational expenses and renew its workforce, Cyta has implemented another voluntary employee exit plan, targeting individuals who meet specific conditions....

1646. Climate change and increased wildfires

The occurrence of the first wildfires just before we officially enter the summer period can be perceived as a warning of the danger that Cyprus faces in experiencing extreme environmental destruction from fires in the coming period....

1647. FinMin underlines the importance of disciplined policy

The contact circle with the banks has not been completed, and there will be a new one to adopt measures that will provide relief to borrowers regarding the increased interest rates....

1648. New Defense Minister pledges to protect the ''Blue Homeland''

Turkey’s newly appointed Defense Minister Yasar Guler has vowed to protect his country’s interests and the “Blue Homeland,” a revisionist doctrine expressing Ankara’s expansionist ambitions in the Aegean....

1649. April records a decrease in loan volumes

The Central Bank of Cyprus announced in a press release on Tuesday that total new loans decreased to €473.9 million in April 2023, compared to €922.5 million in the previous month....

1650. Overcoming obstacles in Cyprus' green transition

Undoubtedly, the fact that it no longer requires a building permit as a prerequisite for installing a photovoltaic system on residential roofs could be characterized as a positive development in our long-standing effort to turn towards green development....