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181. State collects €90 million in taxes from casinos

The state has seen a boost in tax revenue since the summer of 2018 when the temporary casino debuted in Limassol. The trend continues with the current operation of the resort and satellite locations in the provinces....

182. Deadline approaches for vehicle registration renewal

Cyprus residents are reminded that the deadline for renewing vehicle registration permits for 2024 is fast approaching. The renewal period, which began on January 4, will conclude on March 11 at midnight. ...

183. Cyprus targets gambling addiction with new GESY proposal

In January 2024, the National Betting Authority submitted a comprehensive proposal to the Minister of Health, advocating for the inclusion of treatment for gambling-related behavioral disorders in Gesy, Cyprus' healthcare system. ...

184. Banks urged to accelerate loan restructurings

The governor of the Central Bank has shed light on the strategy for restructuring Non-Performing Loans (NPLs) and navigating credit risk management....

185. Cyprus confirms extensive gas find in 'Cronos-2' project

The Ministry of Energy, Commerce, and Industry announced the successful completion of the assessment drilling operations for "Cronos-2" within Block 6 of the Exclusive Economic Zone (EEZ) of the Republic of Cyprus....

186. Cyprus faces €40M setback in smart meter implementation

A €40 million allocation from the Recovery and Resilience Fund, earmarked for the purchase and installation of smart meters, is in jeopardy due to tight timetables....

187. Government courts global investors in ambitious growth push

In a bid to position Cyprus as an enticing destination for foreign investments, the President of the Republic addressed a gathering of over 100 foreign investors and companies at the Presidential Palace. ...

188. CERA proposes reduced electricity increases amidst parliamentary discussion

The head of Regulatory Energy Cyprus (Cera), Andreas Poulikkas, briefed the Parliament's Finance Committee on the latest proposals submitted by the Electricity Authority of Cyprus (EAC) for review. ...

189. Digital Citizen initiative for streamlined services

President Nikos Christodoulides announced a series of policy actions aimed at improving citizens' daily lives and enhancing their overall quality of life, alongside legislative and other initiatives geared towards modernizing state structures and institutions....

190. Breathalyzer protocol under scrutiny after scandal

Following the uproar sparked by Commissioner for Legislation Louiza Christodoulou Zannetou's incident of driving under the influence of alcohol, ...

191. Ministry's bold steps for energy renovation unveiled

The Ministry of Energy, Commerce and Industry proceeds with the preparation of standard procedures for the announcement and implementation of energy renovation projects....

192. Businesses fear global tax reform will lead to double taxation

Global tax reform, ineffective use of technology and economic uncertainty are putting significant strain on business’ transfer pricing (TP) capabilities, according to the 2024 EY International Tax and Transfer Pricing Survey....

193. Women say 'NO' to more babies despite Chinese Government urges

Amid a national emergency, China's Communist Party strives to increase birth rates with incentives like cheaper housing and tax benefits....

194. Ministry's move to ease building permits sparks questions

The recent Ministry of Interior announcement, abolishing planning permission requirements for small developments, has left many with questions about the upcoming changes, especially those planning to build in the coming months....

195. Police arrested for leaking Mafia-style execution video

Two officers of the police’s motorcycle division were arrested on Monday for leaking a video showing the body of a man who was gunned down in a mafia-style execution in the Athens suburb of Neos Kosmos in the early hours of Sunday....

196. Major crime boss gunned down in Greece

New evidence has emerged about the mafia execution of Vangelis Zambounis on Sunday morning in Neos Kosmos. The Hellenic Police are still investigating the case, which is another episode in the bloody cycle of the Greek mafia....

197. Trimiklini scandal unveiled: 15-year licensing nightmare shakes state agencies

The Control Committee of the Parliament heard an outcry from the state services, who took almost 15 years to act on a series of illegal activities......

198. Two suspects apprehended in Larnaca, handed over to occupation authorities

Cyprus authorities have apprehended three individuals aged 46, 37, and 47, shedding light on a case involving the abduction, kidnapping, and murder of Aicha Alav and two Cameroonian suspects. The incident occurred in occupied Nicosia on December 22, 2023....

199. 78% of gyms in Cyprus operate illegally, posing risks to consumers

In a startling revelation, the Pan-Cyprian Association of Gym Owners (PASIGY) disclosed in a press conference on Tuesday that a staggering 78% of private gyms in Cyprus are operating without the necessary licenses....

200. Government takes bold steps to speed up construction approvals

The Ministry of Interior in Cyprus is on a mission to simplify the development control system by implementing a comprehensive package of 22 measures in collaboration with the Cyprus Scientific and Technical Chamber (CSTC). ...

201. Cyprus names Digital Security Authority as Cybersecurity Hub

The Digital Security Authority has been appointed as the National Cybersecurity Certification Authority (NCCA) in the Republic of Cyprus, which aims to contribute towards Cyprus’ aim to become a regional hub for cybersecurity services, a press release said on Tuesday....

202. Tension peaks in Cyprus natural gas development

The development of the Natural Gas network of Cyprus has become a tangled mess, as after the delays in the schedules......

203. Mayfair shaken by £300K Ferrari collision

A high-octane saga unfolded on the streets of London's Mayfair as a £300,000 Ferrari 296, painted in regal purple, met its match in a collision with a bollard on New Year's Day. ...

204. New York Times accuses Microsoft and OpenAI for copyright infringement

In a legal move unveiled on Wednesday, The New York Times has initiated legal proceedings against Microsoft and OpenAI, accusing them of copyright infringement in the development of their artificial intelligence products....

205. Landlords urged to be reasonable when pricing rentals

Marinos Keynegirou, the president of the Real Estate Registration Council, warns of escalating prices and dwindling demand in the real estate market's fourth quarter....

206. Pharmacist on brink of license revocation over degree dispute

A pharmacist, whose credentials recently came under scrutiny by the state's Pharmacy Services, is now at risk of losing her license....

207. Authorities probe infant abuse by unlicensed childcare worker

208. Non-performing loans take a €95M dive

As of the end of September 2023, the total Non-Performing Loans (NPLs) in the banking system of Cyprus further decreased to €2.02 billion compared to €2.08 billion at the end of August. ...

209. Twenty Akamas wrongdoings reported to the Attorney General

The owners of agricultural premises in the Akamas area are set to face justice for unauthorized interventions and modifications, violating their licenses....

210. BOC to revitalize former Orphanides building by 2026

Thoughts from the past year and a half are taking concrete form for the Bank of Cyprus, particularly concerning its plans for the creation of a new central headquarters (BOC Headquarters - Q H)....