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1531. President Christodoulides hails financial progress with new CBC Governor

The appointment ceremony for the new governor of the Central Bank of Cyprus, Mr. Christodoulos Patsalides, occurred this morning at the Presidential Palace, with the President of the Republic, Mr. Nikos Christodoulides, in attendance....

1532. Thanos Hotels' bold move into Greek hospitality

With over 50 years of experience in the hospitality industry and a track record of highly successful operations in three ultra-luxurious hotels in Cyprus......

1533. April Newsletter of K. Treppides & Co Ltd: Cyprus Securities and Exchange Commission

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...

1534. Six years of oversight culminate in medicine warehouse catastrophe

This quote poignantly illustrates the entrenched mindset of public administration, often characterized by inefficiency rather than efficacy....

1535. Green marketing: The truth behind eco-friendly claims

The deceptive practice of greenwashing, aimed at misleading consumers about the environmental qualities of products or services, is drawing increasing scrutiny....

1536. Boeing's engine cowling detaches mid-takeoff, strikes wing

US airline regulators have launched an investigation after an engine cowling on a Boeing plane fell off during takeoff and struck the wing flap, the latest in a series of safety problems facing the aircraft manufacturer. ...

1537. The absence of accountability

The recent bout of inclement weather has brought to light a glaringly scandalous agreement between the government and a private entity. In this arrangement, ...

1538. Serious car accident closes road between Palechori and Nicosia

A serious car accident occurred Monday morning (08/04) on the road from Palechori to Nicosia, specifically the section from Anagia to Dytiki. The road remains closed at this time. One person sustained serious injuries in the accident....

1539. Accusations against Von der Leyen shake re-election bid as Brussels elite speak out

Ursula von der Leyen’s bid for a second term as president of the European Commission has been dented after accusations of favouritism in the selection of a fellow party member to a lucrative new job. ...

1540. Thousands of students' whereabouts unknown in occupied territories

An investigation conducted by a parliamentary committee in the occupied territories has unveiled a concerning reality: between 4,000 to 10,000 individuals with student status remain unaccounted for, as reported by the "immigration department."...

1541. Health Ministry suffers €880,000 loss in warehouse damage

In a session before the Parliament's Health Committee, officials reported €880,000 in damages to 149 pharmaceutical preparations, affecting 105,401...

1542. EU probes Chinese subsidy claims in Romania solar tender

1543. Vehicle damaged in late-night explosion

Authorities in Paphos have been mobilized following a bomb explosion targeting a vehicle on Thursday night, April 4. ...

1544. Audit exposes serious issues in collecting unpaid taxes in Cyprus

An audit report from the Tax Department for 2022 has uncovered a staggering accumulation of over €2.5 billion in arrears, with €1 billion considered unsecure due to delays in necessary measures, the Audit Service revealed....

1545. Chevron's new proposal for ''Aphrodite''

March 31 marked the end of the three-month deadline given by Nicosia to the US company Chevron, a key partner in the joint venture for the development of Block 12 ...

1546. Cyprus Investment Association unveils €8 billion in projects

Members of the Cyprus Association of Large Investment Projects unveiled ambitious plans Thursday, highlighting 18 to 20 projects valued at over €8 billion. ...

1547. Controversial raffle lands Metropolitan in hot water

Despite being deemed illegal by multiple government authorities, including the Ministry of Interior, the Department of Urban Planning......

1548. Authorities stumped on declared cash

The question of the whereabouts of over 90 million euros in cash allegedly spent by travelers arriving in Cyprus through Larnaca and Paphos airports in the last 15 months remains unanswered by competent state authorities....

1549. Cabinet approves closer partnership with US to tackle financial crimes

Within a short period after Nicosia's announcement of closer cooperation with the US on money laundering issues, the Council of Ministers approved the signing of a memorandum of cooperation between the Cyprus Police and the FBI. ...

1550. Where did all the declared cash go?

Director General of the Ministry of Finance, George Panteli, revealed to Parliament's Institutions Committee that between 2021 and March 2024, 1077 cash declarations, totaling 119 million euros, entered Cyprus via Larnaca and Paphos airports....

1551. Fortifying digital banks and battling cyber threats

The period we are going through raises serious concerns about the security of critical digital infrastructures. Among these, the most significant are those of banks, and in this direction...

1552. Intruders strike in Limassol, steal €51,000 from Russian investor

Authorities are investigating a robbery case involving a 36-year-old Russian entrepreneur who fell victim to a theft during a cryptocurrency transaction. ...

1553. Israel admits ''grave mistake'' in airstrike killing British volunteers

Three British aid workers killed in Gaza have been identified following an airstrike that Israel has acknowledged as a ''grave mistake.''...

1554. 'Mafia State' author stands firm: ''I can back up every word with evidence''

Makarios Drousiotis, author of the book ''Mafia State,'' testified before the Anti-Corruption Authority under Gabrielle Louise McIntyre, with his session lasting a full four hours....

1555. Turkish Official under fire for opposing NY resolution on Cyprus invasion

The Turkish Consul-General in New York, Reyhan Özgür, is facing criticism after sending a letter opposing a resolution about Turkey's invasion of Cyprus....

1556. AI voice cloning raises alarm as US and UK forge landmark AI safety pact

A new form of deepfake technology, known as voice cloning, has recently surfaced, raising concerns about its potential misuse. OpenAI, a prominent tech company,...

1557. Finland: 12-year old child fatally shoots classmate

A 12-year-old child opened fire in a classroom at Viertolan Koulu school in Vantaa, Finland, killing one classmate and seriously injuring two others before being apprehended by police Tuesday....

1558. Wave of 500 migrants arrive in Cyprus within 48 hours

Two boats carrying a total of 68 migrants arrived in Cyprus during the night. ...

1559. World Central Kitchen halts Gaza operations after volunteers killed

At least 7 volunteers from the non-governmental organization ''World Central Kitchen'' (WCK) lost their lives in a devastating incident in Gaza's Deir al-Balah area. ...

1560. Lawyers challenge money laundering watchdog in Cyprus

Establishing a system to oversee financial companies in Cyprus is proving tricky, according to an article written by Apostolos Tomaras. It all started when the US and UK slapped sanctions on Russia,...