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2101. Hellenic posts 21 million euro profit

Hellenic Bank posted after-tax profits of €21 million for the first half of 2021....

2102. House approves overhaul in Cyprus’ power grid

The Cyprus Transmission System Operator is calling on people and companies who wish to take part in the electricity market to register for training seminars, following the passage of legislation that aims to put an end to state monopoly after years of debate and EU warnings...

2103. US Ambassador toured Limassol port yesterday

US Ambassador to Cyprus Ms. Judith Garber visited Limassol port yesterday to tour the facilities of the Eurogate container terminal....

2104. No more apologies: Inside Facebook's push to defend its image

Mark Zuckerberg, Facebook’s chief executive, signed off last month on a new initiative code-named Project Amplify....

2105. Another 85 million by February if Cyprus meets deadline of key reforms

With the first 157m euros already paid in advance from the Cyprus Recovery and Resilience Fund, the country still has a long way to go to complete the reforms and investments required to unlock the next 85m euros which is due to be received in February 2022....

2106. Cyprus wants clean slate in naturalizations

The government in the Republic of Cyprus has laid out a new blueprint for naturalizations of foreign investors and skilled immigrants, pointing to a departure from the country’s disgraced golden passport scheme while respecting the EU position on citizenship criteria...

2107. Global CEO confidence returns to pre-pandemic levels

CEOs of the world’s largest businesses are increasingly optimistic about the outlook for their own business and despite the Delta variant slowing down the ‘return to normal’, their confidence in the global economy has returned to levels not seen since the start of the pandemic....

2108. Russia behind 2006 murder of Litvinenko

The European Court of Human Rights today ruled that Russia was responsible for the 2006 killing of Alexander Litvinenko....

2109. Customs officers raid two shops in Paphos

Police officers and customs officials raided at least two business establishments on Monday in Paphos, where suspected counterfeit designer goods have been confiscated...

2110. EY announces the launch of EY Entrepreneur Of The Year™ in Cyprus

EY Cyprus is pleased to announce the launch of the EY Entrepreneur Of The Year™ program for the first time in Cyprus. With this launch, the ultimate global competition for entrepreneurs officially opens today for nominations. ...

2111. Europe late in growing up

As the Indo-Pacific security alliance between the United States, Britain and Australia demonstrated, the international geopolitical landscape is changing in rapid and unforeseeable ways....

2112. Police hunt for supplier in cigarette racket

Cyprus police are making headway in the fight against the sale of illegal tobacco, with officials hoping a man's dramatic arrest over the weekend could help catch bigger fish and rein in the sale of untaxed cigarettes...

2113. 10% reduction in electricity costs

The Minister of Energy, Trade and Industry, Ms. Natasa Pileidou, today announced a series of measures designed to ease the skyrocketing costs of electricity in households and business....

2114. Cyprus’ spy van case too close to the bone

A police investigation in Cyprus has concluded there was no proof of illegal phone tapping in the spy van case, but prosecutors are still going after the main suspects on lesser charges despite reports of alleged contacts in the past with local officials...

2115. Weekend News Roundup

Here are a few of the stories that made news in Cyprus over the weekend....

2116. NATO must 'stand together' in Afghanistan

The political and military leadership of the Afghan Army must shoulder a significant part of the blame for its swift collapse...

2117. 12 year old not allowed on bus for 70 cents (UPDATE)

A 12 year old student prevented from boarding a bus for not being able to pay the 70 cent fare will be given a free bus pass tomorrow....

2118. Police seized thousands of items believed to be counterfeit

Police and customs officials in Larnaca have confiscated thousands of items believed to be counterfeit....

2119. EY and IIF survey shows climate change top concern for banks

2120. Syrian mom with newborn beats Cyprus pushback

A pregnant woman who reached Cyprus on a refugee boat last month has given birth to a boy, while the rest of her family and other passengers who were pushed back to Lebanon were said to be facing deportation to Syria...

2121. K. Treppides & Co Ltd: Cryptocurrency

If you do a quick search on the internet on how many people have become “Bitcoin Millionaires” you will be inundated with stories of young individuals who invested their pennies some years ago and have now struck it rich. Currently there are over 100,000 accounts that hold US1,000,000 or more in Bitcoin....

2122. Nicosia reacts to new Al Jazeera video

Nicosia has refuted allegations concerning a Cypriot minister and his trips to London, in reaction to an Al Jazeera secret investigation into how convicted criminals could take on new identities and launder money through ownership of English football clubs by deceiving authorities...

2123. Al Jazeera publishes prequel to The Cyprus Papers

A new documentary by Al Jazeera on football corruption in Britain includes allegations that a Cypriot minister flew to London to arrange paperwork at a consular office for a Russian national who was wanted by Interpol and unable to travel under his real name...

2124. Thousands flee fires in Greece, Turkey

Thousands of people fled wildfires burning out of control in Greece and Turkey on Friday, including a major blaze just north of the Greek capital of Athens that claimed one life, as a protracted heat wave left forests tinder-dry and flames threatened populated areas and electricity installations...

2125. Cypriot teams waste no time in Attica

A Cypriot fire fighting team dispatched to Greece this week wasted no time upon arrival in Attica on Wednesday, as wildfires in the broader area continued to threaten the wider region in the hottest part of the summer...

2126. Bishop’s defense rests case in rape trial

Former Kition Bishop Chrysostomos pleaded not guilty to rape charges on Monday, with his signed unsworn testimony read in the courtroom during a closed session after he was previously found fit to stand trial...

2127. EY: CEOs understand transformation cannot be put off following COVID-19 pandemic

More than two-thirds (68%) of CEO respondents from the world’s largest companies say that they plan to take on a major investment in data and technology over the next 12 months, while 61% plan to undertake a major transformation initiative over the same period, according to the global EY CEO Imperative Study 2021. ...

2128. Nicosia okay with latest UNSC draft on Varosha

Nicosia appeared to be at ease on Thursday night after a draft statement on Varosha, expected to be adopted by UN Security Council members on Friday afternoon, was said to 'condemn' recent announcements by Turkish and Turkish Cypriot leaders regarding the island’s ghost town...

2129. NSO denies knowledge of hacked list in Cyprus

Israel-based NSO Group is pointing the finger at customers who may misuse its Pegasus surveillance software, following reports that a list hacked in Cyprus contained thousands of mobile phone numbers believed to have been be targeted by the proprietary malware to spy on journalists and activists around the globe...

2130. Turks set Varosha plan in motion

Greek Cypriots are preparing a response to Turkish Cypriot plans to reopen part of Varosha, a risky proposition made official following an announcement by Turkish President Recep Tayyip Erdogan and Turkish Cypriot leader Ersin Tatar on Tuesday in the northern part of the island...