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1. Millions spent, promises made—but children still suffer in silence

''What’s the goal here? To have food on the table for a day or two, or to ensure there's always food on the table?''...

2. Audit exposes gaps in Health Ministry’s grant and payment systems

In a recent audit by the Auditor General on the Ministry of Health's activities for 2022 and 2023, a number of financial discrepancies and issues have come to light, particularly in the way grants were distributed and payments were handled. ...

3. FBI urges Cyprus to use digital tech in fight against financial crime

Cyprus is facing increasing pressure to overhaul its approach to financial crime and sanctions evasion, following the release of a crucial report from the FBI and the U.S. Department of Justice. ...

4. From water woes to bank bets, here are the stories to follow

5. Smart meters to help Cyprus households save on energy bills

The Electricity Authority of Cyprus (EAC) is pressing ahead with its smart meter rollout, bringing even more households the ability to track and manage their electricity use. ...

6. FBI delivers money laundering report on Cyprus. So what happens now?

After nine months of collaboration between the U.S. team and Cypriot authorities, the long-awaited FBI report on money laundering and sanctions evasion has finally reached the government. ...

7. Cyprus bets on students to revitalize Old Nicosia, but at what cost?

Once overshadowed by controversy over unregistered universities—a scandal that drew scrutiny from Brussels—Cyprus has quietly reinvented itself as a rising destination for students across Europe. ...

8. Countdown to chaos: Cyprus’ traffic light fiasco

The government has been given an ultimatum: install countdown timers at traffic lights equipped with cameras within six months—or shut down the traffic camera system entirely. ...

9. Police warn of online investment scam targeting citizens

The police have issued a warning about a new online scam targeting individuals with fraudulent investment opportunities....

10. Drugs, violence, and fear as Cyprus schools face growing crisis

Concerns are mounting over increasing drug use, violence, and delinquency in Cyprus' schools, with experts and officials warning that urgent action is needed....

11. Suspended ex-Commissioner still paid thousands while awaiting trial

By next June, former Volunteer Commissioner Giannakis Giannakis will have received a staggering €76,800 from the state—despite being suspended for allegedly forging his diploma and altering his final high school grades....

12. One in three Cypriot households struggling with rising costs

Cypriots are feeling the pinch in different ways, according to a new survey that highlights the divide in how people are coping with their household finances....

13. 45-year-old woman arrested for fraud involving vehicles, tickets, and products

A 45-year-old woman was arrested on Thursday by police to assist in investigations into three cases of fraud....

14. Cypriot clubs face transfer bans with embargoes on APOEL, Anorthosis, and Omonia

In addition to these three, three other teams from the second division are facing transfer embargoes....

15. Nicosia Mayor sounds alarm over city's financial crisis

Nicosia’s mayor, Charalambos Prountzos, has raised the alarm over the capital’s financial situation, warning that without immediate state support, the municipality will struggle to meet its obligations. ...

16. Hidden fortune found in squalid Paphos home

A shocking discovery was made in Paphos when municipal workers, responding to a welfare case, found thousands of Cyprus pounds stuffed in garbage bags inside a home where a woman had been living in squalor. Alongside the money, pieces of jewelry were also uncovered....

17. The best bank to ever come out of Cyprus?

The management of Hellenic Bank has set an ambitious goal for the new structure that will emerge in the coming months following its consolidation with Eurobank Cyprus....

18. Postponement in Marios Demetriades' naturalization case

The Permanent Criminal Court of Nicosia has postponed the proceedings in the naturalization case involving former Transport Minister Marios Demetriades and nine other individuals until April 25th....

19. Lebanese investor threatens legal action over blocked €115M Nicosia development

A Lebanese investor is threatening legal action after the Department of Antiquities blocked a €115 million development near the historic Nicosia walls, despite other authorities initially supporting the project...

20. Gaza influencer accused of embezzling funds for hospital reconstruction

The Palestinian Health Ministry in Ramallah has accused Gazan influencer Saleh Al Jafarawi, also known as 'Mr. FAFO', of embezzling money meant for the reconstruction of Al-Nasr Children's Hospital....

21. Swedish man to testify against lawyer and officer who helped him escape

A 49-year-old Swedish man who managed to escape from a Larnaca clinic last December will now become a key witness for the prosecution in the trial of two individuals accused of helping him flee. ...

22. Over €1.2 billion in Russian assets frozen in Cyprus amid ongoing sanctions

In Cyprus, over €1.2 billion worth of Russian assets have been frozen, as part of Europe's broader effort to block Russian assets amid ongoing sanctions. ...

23. Cyprus spends millions on traffic cameras, timers not included

In Cyprus, we seem to have mastered the fine art of spending taxpayer money, even if it’s not exactly for things we need. Case in point: the 36 million euros spent on our photo-identification traffic camera system, which, it turns out, doesn’t have a simple feature—timers on traffic lights....

24. March Newsletter of K. Treppides & Co Ltd - 06/03/2025

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. ...

25. From ''Panels for Everyone'' to ''Blackouts for All'': How did we manage to mess this up?

The whole solar panel initiative could have been—let’s be honest—one of the few success stories of the government. ...

26. End of an era: Manchester United to leave Old Trafford after 115 years

Manchester United has officially announced plans to move out of Old Trafford, their home for the past 115 years, and build a brand-new, state-of-the-art stadium next door. The proposed 100,000-seater venue will become the largest football stadium in the UK....

27. Exciting News: New Leadership Appointments at K. Treppides & Co Ltd

The Management of K. Treppides & Co Ltd is thrilled to announce the appointment of new leaders to our Board of Directors and Board of Management, effective from 1 March 2025. This highlights our commitment to fostering excellence and promoting talent from within our ranks....

28. MPs mull casino cash exemption despite laundering fears

A proposal to exempt casinos from Cyprus' €10,000 cash transaction limit has sparked a heated debate in parliament, with regulators warning that such a move could open the door to money laundering and create unequal rules for businesses....

29. The Cypriot billionaires behind the island's rise as a global business hub

Cyprus has quietly become a magnet for some of the world's wealthiest individuals, transforming the island into a hub for global business and investment. ...

30. Nearly 100 Deputy Mayors in Cyprus paid to do nothing

Nearly 100 deputy mayors across Cyprus have been collecting taxpayer-funded salaries for the past nine months — without having any official duties assigned to them — due to loopholes in the local government reform, sparking frustration among both the public and the officials themselves....