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781. Government achieves €155.5M surplus in 2023

Cyprus government's surplus for the first half of 2023 increased to €155.5 million, equivalent to 0.5% of GDP, compared to a deficit of €92.4 million (-0.3% of GDP) for the period of January-June 2022, based on preliminary fiscal results from the Statistical Service of Cyprus. ...

782. Wizz Air hits milestone with 6 Million passengers at Larnaca airport

Low-cost - airline Wizz Air, celebrated the successful transportation of six million passengers to and from the airport of Larnaka, Cyprus....

783. Cyprus banks witness €52.3B growth

Deposits in the Cyprus banking system rose significantly in June totalling €52.3 billion, while liquidity in the banking system amounted to €27.2 billion....

784. Lawsuit threatens €284.5M PDO halloumi industry

Shortly before the completion of a year (July 22, 2022) since the agreement between the Ministry of Agriculture, producers, cheesemakers, and KEVE, and the implementation of the terms of the European Regulation in the halloumi production chain, it seems that Cyprus' protected cheese is facing new challenges....

785. Telecom giant Primetel faces administration

In a recent development, Primetel, a prominent telecommunications company, has entered administration. The company officially informed the Office of Electronic Communications and Postal Services about this significant change in its status....

786. Government's solar power initiative for vulnerable homes

The government is currently working on the installation of free solar power systems for vulnerable individuals....

787. Petrides tweets expose EuroAsia Interconnector's risks

A series of points accompanied by questions were posted on Twitter by former Minister of Finance, Constantinos Petrides, commenting on the developments regarding the evaluation of the sustainability of the EuroAsia Interconnector project, the electric interconnection project between Cyprus, Greece, and Israel. ...

788. Erdogan's diplomatic efforts in Gulf region

CONSTANTINOPLE - REPORT: With the aim of attracting capital worth 50 billion dollars, Recep Tayyip Erdoğan embarked on a tour of Gulf countries. ...

789. Cyprus-Oman double taxation agreement approved

The Council of Ministers approved on Wednesday an agreement for double taxation avoidance and the prevention of tax evasion regarding income taxes as well as the relevant protocol between the Republic of Cyprus and the Sultanate of Oman, Minister of Finance, Makis Keravnos said after the Cabinet meeting....

790. Varosha hotels now accepting bookings for 2025

The latest developments in Varosha have been brought to light by Yeni Bakis newspaper. ...

791. Banking on success: Greek and Cypriot banks show remarkable credit improvement

Fitch Ratings released a new report on Monday stating that the credit profiles of Greek and Cypriot banks have significantly improved over the past year due to de-risking and restructuring....

792. President and FM to join EU-CELAC meeting

Cyprus' President Nikos Christodoulides is set to participate in the Summit of the European Union and the Community of Latin American and Caribbean States (CELAC) in Brussels on July 17 and 18....

793. Philippos Soseilos: Significant investment opportunities in Cyprus

794. EY Cyprus announces five new partners

EY Cyprus is pleased to announce that its management team has been strengthened with the addition of five new partners and five new directors in 2023, reaching the total number of 31 partners of whom 6 are women, and 17 directors of whom 8 are women....

795. When society turns a blind eye to homeless ''foreigners''

A few hours before expensive Lamborghinis and Ferraris, driven by wealthy "foreigners," start their ostentatious daily progress on the coastal road of Limassol, poor "foreigners" sleep on the sand, as long as it is still night, to become news in the morning from a well-known television station that they are "obstructing the work of local boat owners."...

796. Rising scams in Cyprus

Telephone and online scams are on the rise in Cyprus, targeting vulnerable elderly individuals and attempting to swindle their hard-earned money....

797. Loan demand in Cyprus falls, interest rates rise

The Cypriot banking institutions are holding a small basket for demand in new loans....

798. Europe's first multi-themed resort opens in Limassol

The inauguration of the City of Dreams Mediterranean in Limassol on Monday marks a significant milestone for tourism in Cyprus, introducing the continent's first multi-theme resort....

799. From ''lovers'' to ''doctors'': Cyprus confronts rising online fraud

Cyprus is witnessing a significant annual increase in online fraud cases, according to Andreas Anastasiades, the Director of the Electronic Crime Sub-Directorate. ...

800. Cyprus gov't to pay €345,000 to Turkish Cypriot for illegal use of property

The big news: "Compensation of €345,000 will be paid to a T/C of American origin by the Republic of Cyprus, while also returning his property in Limassol, which was being used illegally....

801. Illegal construction scandal uncovered in Akamas

The data collected and presented by "K" regarding the illegal construction interventions within the Akama Forest, a protected area designated as a white zone based on a plan from the 1980s, prove the tip of the iceberg. ...

802. Cyprus shines as EU's strong innovator for second consecutive year

Cyprus is once more placed among the EU's strong innovators for a second year in a row, according to the annual EU innovation scoreboard, marking a significantly faster performance than the EU average....

803. Eurobank's vision: Controlling Hellenic Bank and conquering new markets

According to Bloomberg, Eurobank's deputy chief executive, managing director, and head of international operations, Stavros Ioannou, expressed the bank's desire to eventually gain full control of Hellenic Bank in Cyprus....

804.  EU confronts asbestos-related deaths

A very serious issue that concerns members of the European Committee of the Regions (CoR) is the use and exposure of citizens to asbestos....

805. Upshot from Israeli northern ventures spills into south

The president of the Cyprus Bar Association is fighting back accusations that his law firm was mixed up with an Israeli venture to develop properties in the northern part of the divided island, a development that has alarmed Nicosia in recent months...

806. President proposes measures to address foreclosure

During the International Investment Awards ceremony held by Invest Cyprus, President Nikos Christodoulides delivered a speech addressing the issue of foreclosures and their impact on the economy. ...

807. UN chief spells out need for envoy deal on Cyprus

An important step forward would be an agreement with the sides on an appointment of a United Nations envoy, who could explore ways to reach common ground towards resuming negotiations for a lasting settlement in Cyprus, the UN Secretary General says, while urging the leaders to send a clear signal that 'this time things will be different'...

808. Urgent call to liberalize electricity market

Mr. Neophytou attended the Annual General Assembly of the Electricity Market Association (EMA) on Thursday, June 29th, and delivered a greeting. ...

809. Cyprus receives funding for Nicosia motorway

The European Commission has announced a significant investment of €6.2 billion to co-finance 107 infrastructure projects aimed at promoting sustainable, safe, and efficient transport throughout the EU....

810. Experts to take charge of high-profile corruption cases

The Anti-Corruption Authority has initiated investigations and assessments of the complaints it has received....