Search

2041. Israeli ambassadorship to Turkey rewrites gas rules

Israel's new ambassador to Turkey presented her credentials to Turkish President Tayyip Erdogan week, after four years of strain between the two countries and just months after Nicosia said it was confident it would not be sidelined by its Jewish neighbor...

2042. Cyprus rolls out new scheme to subsidize e-vehicles

The budget for subsidizing the purchase of electric vehicles and withdrawing old cars, motorbikes, mopeds and bicycles is at €10 million Transport Minister Yiannis Karousos has said...

2043. Cyprus braces for credit ratings in 2023

The ratings will take place in a year marked by a projected economic slowdown, amid the continued uncertainty that clouds the economic outlook, due to high inflation and the energy crisis, fueled by the continuing war in Ukraine...

2044. Greeks and Turks square off over Aegean

US calls to deescalate tension in the Aegean fell on deaf ears as NATO allies Greece and Turkey continued to trade accusations during Christmas, with Ankara accusing Athens of harassing Turkish aircraft and the Greek prime minister talking about a troublemaker neighbor...

2045. According to research, costs for a festive table ranges from €24 to €255

The Cyprus Consumers Association conducted a survey on the cost of the Christmas table as part of its foundation's mission to protect and provide consumers with more complete information. The survey was conducted from December 12 to December 21, 2022....

2046. When will Cypriots begin to reap the benefits of natural gas?

Minister of Energy, Trade, and Industry Natasha Pileidou hailed the discovery of a natural gas deposit in Block 6 of the Cypriot EEZ as a very positive development. Given the energy challenges the European Union is facing,...

2047. In the wake of the image

"Let me introduce you to our Elena Rapti," Spyros Vougias told journalist Giorgos Papachristos some 20 years ago when Eva Kaili made her political debut with PASOK....

2048. Drug squad chief vindicated but not squeaky clean

An independent probe found no evidence of corruption against Cyprus’ drug squad chief, with the prison warden who accused him of illegal activities to undermine her demanding a transfer to another position...

2049. EY Cyprus organised the 2nd Annual Corporate Reporting Insights event

EY Cyprus organised the 2nd Annual Corporate Reporting Insights event held on 16 December 2022, at Lemon Park Nicosia, with the participation of senior executives from Cypriot and multinational corporations. The event focused on the major shift underway in recent years, as emphasis moves from financial to corporate reporting. ...

2050. Introducing 'EnterCY', Cyprus' newest sightseeing app

The creation of the EnterCY platform and application brings us one step closer to integrating technology into the tourist experience offered to visitors to Cyprus...

2051. The winners and losers of the Archiepiscopal elections

The primary topic of discussion in the first round of voting last Sunday was the creation of the tripartite list from which the Holy Synod will select the incoming Primate of the Church of Cyprus. It cannot, however, be considered the only one....

2052. The Belgian wheel is in motion...

Many Cypriots live in a state of frustration. How did Belgian authorities respond decisively to the well-known case, while the island's law enforcement took two weeks to visit Syllouris?...

2053. Calls to protect vulnerable borrowers from interest rate hike

The Association for the Protection of Bank Borrowers (SYPRODAT) has accused the government of "complete apathy" in the development of support measures for vulnerable borrowers in the aftermath of the European Central Bank's (ECB) continuous increase in interest rates and amid conditions of unprecedented accuracy....

2054. The fierce battle for second place

2055. Finance Ministry: 'Cyprus economy will not enter a recession'

There will be a significant slowdown in economic activity next year, we will be affected by increased energy prices and borrowing costs, but "inflation in Cyprus is being reined in at lower levels" compared to other European member states, ...

2056. The fall

The tale of Eva Kaili is a metaphor for the glitzy, quick ascent to power in politics and the ultimate fall from grace brought on by dishonesty. After all, a corrupt politician is one who has been bribed by the state or a private individual....

2057. The week that shook Brussels saw a police stakeout, piles of cash, and reform promises

The police had been waiting since dawn. Officers from the special unit of Belgium’s federal police gathered on Rue Wiertz, close to the European Parliament in Brussels. ...

2058. EU Parliament halts work on Qatar-related cases

The European Union’s parliament voted Thursday to suspend work on all files involving Qatar, and called for security passes for representatives of the Gulf country’s interests to be withdrawn until light can be shed on a corruption scandal rocking the assembly....

2059. Grant Johnson: City of Dreams Mediterranean will be the game changer for Cyprus’ hospitality industry

The multi-themed City of Dreams Mediterranean resort in Limassol, which will include a luxury hotel, casino, entertainment and sports facilities, adventure park, shops and restaurants, among others, will begin operations in the second quarter of 2023. Grant Johnson, the General Manager of COD analyzes what exactly the City of Dreams Mediterranean will be, what it will offer to the tourism product of Cyprus, how it will strengthen the country's economy and its position as a popular tourist destination and at the same time he analyzes how this project will have significant benefits for the local community and its people. ...

2060. ECB raises interest rates by 0.5%

Christine Lagarde warned markets not to expect an early end to rate rises next year, on a day when the European Central Bank and the Bank of England lifted borrowing costs to their highest levels in 14 years....

2061. TikTok to be outlawed on US government-owned devices

The US Senate late on Wednesday passed by voice vote a bill to bar federal employees from using the Chinese-owned video-sharing app TikTok on government-owned devices....

2062. The EU faces a difficult case

The Kaili case is the latest in a string of setbacks. The clumsy (at best) handling of the wiretaps, the Ark revelations, the new episode of excessive police violence, and now the alleged bribery scandal in the European Parliament (EP) are all causing consternation and sadness....

2063. Cyprus to extend FTX EU license suspension

Cyprus’ securities regulator plans to extend the suspension of the license of FTX EU and will meet to discuss the matter next week, a spokesperson said on Tuesday...

2064. €36 million loss so far reported by banks this year

The banking system reported a loss after tax of €36 million on a consolidated basis in the first nine months of 2022, compared to a profit of €22.54 million in the corresponding period of 2021....

2065. €5.4 million grant from Switzerland for integration projects

The Minister of Finance, Constantinos Petrides and the Swiss Ambassador to Cyprus, Christoph Burgener signed on Monday the Framework Agreement by which Cyprus will receive a grant of €5.4 million for the implementation of projects in the area of Cohesion....

2066. Is the drone base in Lefkoniko growing? (satellite image)

Three years ago today, in December 2019, Turkey publicly announced the first-ever permanent deployment of the TB-2 Bayraktar drone in the occupied territories. ...

2067. Consulco launches its direct real estate investment services

Consulco, the London investment specialist has launched its direct real estate investment services assisting overseas investors to acquire and manage residential properties in central London. ...

2068. The 2023 Budget in the vortex of the elections

The government of President Anastasiades has just submitted its final budget, for 2023. DISY will undoubtedly support the budget, but it will be interesting to see what position it will take if and when the polls are confirmed....

2069. Candidates continue campaigning both inside and outside of Cyprus

Candidates for the Presidency of the Republic continue their activities both inside and outside of Cyprus. The candidates and their teams analyzed their positions and alluded to issues of concern to citizens as well as current events....

2070. CBC Governor: 'Any recession is expected to be mild and short-lived'

Constantinos Herodotou, Governor of the Central Bank of Cyprus, talked about the ECB objective and actions to restore and stabilize inflation at 2% in the medium term and maintain financial stability, saying that any recession is expected to be mild and short....