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2221. An effective foreclosure framework is important, says FinMin

An effective and functional foreclosure framework is crucial for encouraging borrowers to restructure their debt, due to the high stock of non-performing loans (NPLs), the Cyprus Ministry of Finance said in a press release on Tuesday....

2222. Menendez wants change from Turkey before F-16 approval

A senior US senator who has long opposed the potential sale of F-16 fighter jets to Turkey said on Tuesday he wants Turkish President Tayyip Erdogan to take a 'less belligerent stance toward NATO allies and Turkey’s neighbors before lifting his opposition to the deal...

2223. Cyprus tourism soars despite Russian sanctions

Tourism in Cyprus appears to be recovering from the repercussions of sanctions on Russia, following the invasion of Ukraine, recording an increase of 8% compared to 2019 which was a very good season for the island, according to figures discussed on Tuesday during a parliamentary committee on tourism in the presence of Deputy Minister of Tourism Kostas Koumis....

2224. A whirlwind of showers, thunderstorms and rising temperatures

The weather for today will begin with clear skies, but as the afternoon progresses, expect the development of clouds leading to local showers and isolated thunderstorms, primarily in the mountains, inland areas, and the northern region....

2225. May Newsletter of K. Treppides & Co Ltd: CySEC

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....

2226. The self-sabotage of a President in less than 100 days

Nicos Anastasiades, undeniably one of the prominent political figures in the region, has faced criticism after many years in the Presidency, which, in some cases, rightly exceeded the boundaries of political deconstruction. ...

2227. Erdogan wins Turkish election

President Recep Tayyip Erdogan has won Turkey’s presidential election, defeating opposition leader Kemal Kilicdaroglu in Sunday’s runoff vote and stretching his rule into a third decade...

2228. US ambassador praises Cyprus on sanctions

US Ambassador Julie Fisher is dismissing claims that Washington is using arm-twisting tactics in Nicosia for sanctioning companies on the island, while pointing out Cypriot government statements are in line with the EU’s transatlantic consensus on Russia’s war in Ukraine...

2229. Killer whales are deliberately hitting and sinking boats

Researchers believe killer whales are deliberately hitting boats, causing some to sink, following a string of incidents off the southwestern tip of Europe....

2230. Christodoulides searches for that special someone to break the deadlock

President of the Republic Nikos Christodoulides said on Thursday that he exchanged views with other EU leaders on specific European personalities that could contribute to breaking the deadlock of the Cyprus issue....

2231. Clear skies, clouds, and gentle showers this weekend

Today, as the dissipation of local low clouds takes place, the weather will soon transition to predominantly clear skies. However, later in the day, localized cloud cover will increase, leading to isolated rainfall occurrences, primarily in mountainous areas....

2232. Cyprus leads in new asylum applicants per population, but overall numbers decrease

Cyprus had the highest rate of new applicants for asylum compared to its population in February 2023, according to data released by Eurostat, the statistical service of the EU. At the same time, however, new asylum applications have significantly reduced compared to last year....

2233. Caretaker government takes over in Athens

The list of caretaker government ministers set to assume leadership for a month leading up to the second round of elections on June 25 was officially announced on Thursday...

2234. Christodoulides calls island’s division a European problem

German Chancellor Olaf Scholz called for 'political courage' in Cyprus peace talks during a visit to Berlin by Cypriot President Nikos Christodoulides, who said the island’s division was a 'European problem' and Brussels could lead the way to a solution...

2235. Norway warns people to stay away to protect spy whale's well-being

People should 'avoid contact' with a famous beluga whale to avoid accidentally injuring or killing it, the Norwegian Directorate of Fisheries has said....

2236. The theatrical hypocrisy of passing the e-kalathi bill

In early March, during the Commerce Committee meeting, the first one attended by the current Minister of Energy, the committee chairman, along with all the members, to be fair, urgently requested the government to submit a bill....

2237. EY: 4th Women Fit for Business Program Successfully Completed

2238. Serious clashes between police and AEL fans - Two arrests made

Serious clashes unfolded last night in the Enaerios area between police and AEL fans following the final match of the Football Cup, which ended with a 1-0 victory for Omonia, crowning them the Cypriot Cup champions....

2239. From sunshine to raindrops, get ready for changing skies!

A weak low-pressure system is affecting the region. In the atmosphere, intermittent thin dust particles will remain suspended until Sunday, with concentrations expected to increase temporarily from Friday onwards....

2240. Italian lawmakers call for gas ‘pipeline of democracies’

The Foreign Affairs Committee in Italy has called on the government to work with east Mediterranean countries to assess the prospects of an EastMed gas project, while taking note of energy diversification as well as geopolitical balances in the region...

2241. Legendary rock icon Tina Turner dead at 83

Tina Turner, the American-born singer who left a hardscrabble farming community and abusive relationship to become one of the top recording artists of all time, died on Wednesday at the age of 83....

2242. Cyprus economy continues to shine in April

The Cyprus Composite Leading Economic Index (CCLEI) continued its positive year-over-year growth trend in April 2023, providing further support for the economic forecasts of the Cypriot economy....

2243. Real estate: A closer look at prices and rental trends

With the chapter on imposing a reduced VAT rate of 5% on primary residences as a social policy measure finally moving towards resolution, an unresolved issue that has been lingering in the real estate market for years is being addressed....

2244. The 'controversial' e-kalathi bill: House and stakeholders remain unconvinced

The e-kalathi bill fails to convince the House and stakeholders. Yesterday, the Commerce Committee of the House of Representatives held discussions on the matter, with Minister of Energy, Commerce, and Industry George Papanastasiou present....

2245. Weather watch: Rain showers and changing skies

A weak area of low pressure is currently influencing the region's weather conditions....

2246. Nicosia ups voice during defense meeting in Brussels

Defence Minister Michalis Giorgallas stressed that EU - NATO needs to take place on an equal footing for all member states, speaking after the conclusion of the Foreign Affairs Council which was held in Brussels on Tuesday in its Defence Ministers configuration...

2247. Christodoulides to drill EU peace role into Berlin

Cypriot President Nikos Christodoulides travels to Berlin this week where he is expected to push once again for active EU involvement in peace talks on the divided island, a proposal so far rejected by Turkish Cypriots who call for cooperation between two states...

2248. British-Cypriot forex boss found guilty of fraud

A jury in a London court has found a forex trader of Cypriot origin guilty of fraud....

2249. Pope sends top sex crimes investigator to Bolivia

Pope Francis has sent one of his top sex crimes investigators to Bolivia at a time when the Andean nation is being shaken by an escalating pedophilia scandal involving priests....

2250. Tatar pushes for energy cooperation while insisting on 'two states'

TC leader Ersin Tatar recently sent a message to President Nicos Christodoulides, expressing the TC side's support for a solution in Cyprus. Tatar emphasized the importance of cooperation "between the two states living side by side" and reiterated his belief that a two-state solution would enhance prosperity on the island. ...