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121. Energy savings: 1.3% to 1.9% by 2030

MEPs approved today's plans, already agreed with the Council, that set new energy-saving targets for 2030, as part of the European Green Deal....

122. Historic day for NATO as Turkey agrees to ratify Sweden's accession

Hailing a “historic day,” NATO Secretary-General Jens Stoltenberg said on Monday evening that Turkish President Recep Tayyip Erdogan has agreed – after marathon trilateral consultations with Swedish Prime Minister Ulf Kristersson on the eve of the Alliance’s Summit – ...

123. Cypriot economy on the brink, says Finance Minister

During his address to the House of Representatives and following his presentation to the Parliamentary Finance Committee on the government's comprehensive package of seven measures for addressing foreclosure issues, ...

124. Sweden's NATO Membership hangs in the balance as Turkey poses last-minute hurdle

The developments surrounding Sweden’s NATO membership are rapidly unfolding, with indications pointing towards an imminent announcement of an agreement during the Vilnius summit held on July 11-12. However, there remains the possibility that Turkey may disrupt the proceedings at the last moment....

125. Parliament approves foreclosure law

A significant mobilization by the Government and the Central Bank of Cyprus took place this week regarding the framework of foreclosures, primarily to withdraw the "problematic" proposal that, according to the state and banks, would have negative consequences for the Cypriot economy....

126. Migrant reception center in Kofinou inaugurated today

The inauguration of the first phase of construction works at the International Protection Applicant Reception Center in Kofinou, upgraded with the support of the European Asylum Agency (EUAA), took place today, conducted by the Minister of Interior, Konstantinos Ioannou, along with Nina Gregory, the Executive Director of EUAA, and Beate Gminder, Deputy Director-General in the Directorate-General for Internal Affairs of the EU....

127. EU wants more independence for Cyprus prosecutor

The European Commission has stressed the need for Cyprus to strengthen the independence and the accountability of the Prosecution Service...

128. President urges solution as foreclosure laws vote approaches

Cyprus is heading towards suspending first residence property foreclosures up to 350,000 euros until the end of October....

129. 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'...

130. Nicosia encourages green transportation with new policy

Effective Saturday, July 1, the Nicosia Municipal Council will implement new parking fees in municipal parking areas, following a decision made on April 20, 2023. ...

131. Unmasking tax evasion on Greek islands

New technologies, as well as citizens, are bringing cases of major tax evasion to the surface....

132. MPs move forward with divestment changes

MPs are displaying a resolute determination to press ahead with crucial changes to the divestment framework before the parliamentary summer recess....

133. Cyprus and U.S. co-host crisis workshop at CYCLOPS

On June 13 and 14, the Cypriot Ministry of Foreign Affairs and the U.S. Department of State co-hosted the Sub-Regional Chemical, Biological, Radiological, or Nuclear (CBRN) Response & Assistance Workshop (SR2 Cyprus) at the Cyprus Center for Land, Open Seas, and Port Security (CYCLOPS)....

134. Tackling vulgarity and impunity in politics

MP Andreas Themistocleous' recent display of vulgarity is just one example of a more significant issue within politics, and unfortunately, it won't be the last. ...

135. Cyprus takes a stand for solidarity in EU immigration reform

Minister of Interior Konstantinos Ioannou announced on Friday that Cyprus views the establishment of a mandatory solidarity mechanism as a significant development for the country....

136. Deaths confirmed after Kherson dam collapse

Rescue teams have been working round the clock in Kherson and the surrounding districts searching for survivors stranded by the flooding....

137. Climate change and increased wildfires

The occurrence of the first wildfires just before we officially enter the summer period can be perceived as a warning of the danger that Cyprus faces in experiencing extreme environmental destruction from fires in the coming period....

138. Revolutionary mRNA vaccine boosts skin cancer treatment by 65%

In a mid-stage trial, Moderna Inc and Merck & Co announced on Monday that the addition of their experimental mRNA-based vaccine has shown a 65% reduction in the risk of spreading the deadliest form of skin cancer when used in combination with immunotherapy alone....

139. FinMin underlines the importance of disciplined policy

The contact circle with the banks has not been completed, and there will be a new one to adopt measures that will provide relief to borrowers regarding the increased interest rates....

140. Minister highlights progress in migration management efforts

During a recent press conference on migration, Constantinos Ioannou, the Minister of Interior, discussed the current state of asylum applications and the return of irregular migrants to their countries of origin between March and May 2023. He emphasized the government's policies and measures to address these challenges....

141. IMF says Cyprus untouched by war fallout

The economy of Cyprus is expected to slow to around 2.5% in 2023, reflecting an erosion in household incomes, tighter financial conditions, and delayed impacts from sanctions against Russia, International Monetary Fund forecasts, after the conclusion of the Article IV consultation with Cyprus...

142. The Cyprus conundrum: Hakan Fidan's potential role in shaping Turkish policy

The ''Turkish Century'' heralded by the re-election of Recep Tayyip Erdogan officially unfolds on Friday, generating interest in the individuals that the Turkish president will select for his cabinet. ...

143. EU launches innovative support center for Green Line trade

The European Commission has announced the establishment of an information and support center, in collaboration with the Cyprus Chamber of Commerce and Industry (CCCI) and the Turkish Cypriot Chamber of Commerce (TCCC), to facilitate legal trade across the Green Line for Cypriot businesses and individuals....

144. Christodoulides: Shift allowances and overtime compensation from 2024

President Nikos Christodoulides addressed the 60th Congress of PASYDY, the Civil Servants' Trade Union, where he discussed significant developments regarding the restoration of shift allowances and overtime compensation for civil servants....

145. Cyprus, Israel and the US join forces in civil protection

Cyprus is interested in further developing its capabilities in the field of civil protection, not only at a state level but also at an international and regional level, by deepening its multifaceted partnerships with states in our region - and beyond....

146. Kyriakides and Becerra: EU and US establish joint health task force

147. 100 Cypriot wines to feature new WineCore logo on packaging

The wine industry in Cyprus is at a turning point, as coordinated upgrading and promotion efforts are underway in both the private and public sectors. ...

148. Cyprus tightens criteria for immigration permit scheme

A revised set of criteria on the expedited process for granting immigration permits to third-country nationals who invest in Cyprus will be in effect as of May 2, 2023, the Interior Ministry announced on Friday....

149. Three major concerns of ECB regarding Cypriot banks

Although Cypriot banks have made great progress over the last decade, foreign supervisors have reservations and summarise their concerns in three areas....

150. K. Treppides & Co Ltd: Sustainable Finance

Sustainability is the key to a better, healthier, and more viable future as it improves the quality of our lives with the use of natural resources which protect our ecosystem in general. By taking into consideration the three pillars of economic viability, environmental protection, and social well-being, we can preserve the future generations’ needs while, from a corporate perspective, the development of sustainable strategies can lead to a company’s longevity....