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1891. Government surplus of €609.5 million for 2022

General Government preliminary fiscal results published by the Statistical Service of Cyprus on Tuesday indicate a surplus of €609.5 mn, equal to 2.3% of GDP, for the period of January-December 2022, compared to a deficit of €402.8 mn or 1.7% of GDP, that was recorded during the period of January-December 2021....

1892. The who's who of the Christodoulides government

On Monday afternoon (27/02), Nikos Christodoulides, the country's new leader, unveiled his new administration. Read the detailed biographies of the individuals who make up the new government....

1893. The Cabinet's decision on Akamas published today

The Akamas Local Plan, prepared by the Minister of Interior, was published by K after being approved by the Council of Ministers....

1894. February Newsletter of K. Treppides & Co Ltd: Direct Taxation

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

1895. New foster care bill gives children a voice

The new bill on foster care is empowering children, Deputy Minister of Social Welfare, Anastasia Anthousi, has said....

1896. Work begins on jetty for mooring FSRU in Cyprus

Work for the construction of a jetty, as part of the LNG Receiving and Regasification Terminal in the Vasilikos area in Cyprus, has recently begun...

1897. EY presents report on the Future of Banking in Cyprus

The report showcases the importance and contribution of Cypriot banks to the wider economy and society, and identifies current and upcoming challenges and opportunities...

1898. Christofides on 'golden' passports: 'No conflict of interest for Yiolitis'

On Wednesday morning (22/02), AKEL MP Christos Christofides was interviewed on Sigma's "Mesimeri kai Kati" program, where he discussed the progress of the Anti-Corruption Commission's investigations into allegations of "golden" passports....

1899. 2023 will be the year banks dole out dividends

Apart from entering 2023 with inflationary tendencies and following a year with a geopolitical crisis due to the Ukrainian one, it is expected to be the year when the term "dividend distribution,"...

1900. Christodoulides to Stewart: 'Tatar's two-state solution is out of the question'

The President-elect of the Republic, Nicos Christodoulides, made it clear to Colin Stewart, the Special Representative of the UN Secretary-General for Cyprus, today that the two-state solution model advocated by the T/C leader, Ersin Tatar,...

1901. Demetriou vs. Demetriou

After lengthy negotiations and backstage discussions, Annita Demetriou and Demetris Demetriou are the two candidates for the DISY presidency ahead of the March 11 elections. ...

1902. Thinking of investing in real estate? Don’t do it.

A lack of financial literacy can lead people to consider investing in direct real estate. This a provocative statement to say the least, so let me explain....

1903. Casino dash before new Cabinet raises eyebrows

A House committee in the Republic of Cyprus is blocking three appointments on a casino commission until after the new Cabinet takes shape on March 1, with members raising conflict of interest concerns and the outgoing government insisting it should be allowed to fill the vacant positions now...

1904. Turkey rejects linking NATO expansion to F-16 deal

US Secretary of State Antony Blinken on Monday called for Sweden and Finland to be accepted into NATO 'as quickly as possible,' although his Turkish counterpart dismissed the possibility of any link between their accession and Turkey’s request for F-16 fighter jets...

1905. Man arrested in Cyprus drops bombshell Biden allegation

A professor from Israel, who was arrested in Cyprus on a US warrant, says his prosecution is politically motivated and further alleges that the Justice Department is trying to discredit him over dirt he has on Hunter Biden’s deals with China...

1906. Bank of Cyprus: 71 million in profits in 2022

Bank of Cyprus' profit for 2022 was 71 million euros, up from 30 million euros in 2021....

1907. Lagarde announces a new interest rate hike in March

European Central Bank President Christine Lagarde reiterated in a speech to the European Parliament that the ECB intends to raise borrowing costs by half a point next month....

1908. Island remembers camps for Holocaust survivors

Cyprus and Israel commemorated on Thursday the 74th anniversary of the closure of the concentration camps for Jewish refugees and Holocaust survivors, who fled Europe after World War II for Israel...

1909. Plans to upgrade hotels in the mountains and countryside are underway

1910. #PoliticsBlog: The Judas kiss and the new ministers

But let us return to our own shocking kiss between Averof and Christodoulides: it was spontaneous, full of nostalgia for carefree moments in the past, and definitely tinged with liberalism, or, to be more precise, the popular European right. ...

1911. Cypriot minister upset after illegal dump incident

Environmental inspectors who went to an illegal dump in Limassol to probe allegations of waste management irregularities ended up fearing for their lives, prompting the environment minister to admit the state has been unable to deal with lawlessness...

1912. Five foreign policy challenges for the new President

The eighth President of the Republic of Cyprus takes over, as of March 1, exactly where his predecessor, Nicos Anastasiades, left off: That is, at a critical international juncture, due to the war in Ukraine, and just before the crucial elections in Turkey and Greece ...

1913. Become a High Commissioner for a week

This spring, for the first time, the British and Australian High Commissioners will open their doors and their diaries to select Cypriot school students who will join a range of the High Commissioners’ meetings and events from 6th – 10th March 2023....

1914. Apartment prices continued its upward momentum in Q4 2022

Apartments continued to drive the rising real estate prices in the fourth quarter of 2022, data published by the Aks WiRE Index show....

1915. Death toll surpasses 11,000 as Erdogan visits quake ravaged areas

President Recep Tayyip Erdoğan has visited the region of southern Turkey devastated by this week’s earthquake as the death toll rose above 11,000 and acknowledged that his government faced problems getting aid to victims....

1916. Marina Association 'surprised' by statement on Paphos marina

The development of Paphos Marina is moving forward, thanks to a Cabinet decision. This has been an issue for decades, and when the Deputy Minister of Tourism took office, he re-launched an effort to promote the project by preparing a feasibility study for its construction....

1917. Cabinet approves subsidies to fund digital business upgrades

At today's Cabinet meeting, the Grant Scheme for "Digital Upgrading of Enterprises" was approved. This project is part of Cyprus's Recovery and Resilience Plan (RSP) for the years 2021-2026, and it will be funded by the European Union's (EU) Recovery and Resilience Mechanism (RRM)....

1918. US looking for wreckage of a possible Chinese spy balloon

US Navy divers are working to recover the wreckage of the Chinese surveillance balloon that was shot down off the coast of South Carolina....

1919. Christodoulides certain he will be the next president of Cyprus

Presidential candidate, Nikos Christodoulides, has expressed certainty that he will be the winner of the elections, noting that he will seek to have meetings with Cyprus President, Nicos Anastasiades, and Democratic Party leader, Averof Neofytou, in view of the second round of the presidential elections that will take place on February 12....

1920. DISY will now face difficult decisions

The embarrassed expressions on the faces of government and DISY executives who had rallied around Averof Neophytou after his defeat were indicative of the difficult dilemmas DISY will face in the coming day. ...