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61. Turmoil at Vasilikos as Chinese consortium pulls out, terminal project in limbo

The sudden withdrawal of the CPP-METRON CONSORTIUM LTD from the Vasilikos terminal project has added a new layer of complexity to the already troubled initiative. ...

62. Petrolina Honored with Three Awards for Outstanding Contributions to Cypriot Society

Petrolina has been distinguished with three prestigious awards at the Cyprus Responsible Business Awards 2023. The company received the Gold Award for the Petrolina Community and Petrolina Kids Community Volunteer Program,...

63. Russian tech professionals flock to Cyprus despite sanctions

A recent study by the PACE think tank has underscored the profound transformation of Cyprus' economy amid Western sanctions and the aftermath......

64. Maronites' land claims challenged in occupied territories

In a recent commentary published by Belgin Demirel in Avrupa, concerns have been raised regarding property rights of Maronites in Northern Cyprus....

65. Mykonos: Matt Damon caught in hoax bomb scare

Hollywood actor Matt Damon found himself amidst a hoax bomb scare on Saturday night while vacationing on the Greek island of Mykonos with his wife, Luciana Barroso....

66. Advertising company offices shot at in Limassol

The offices shot at shortly after midnight in Limassol belong to an advertising company, not a Forex firm as initially reported, according to TAE Limassol....

67. Cyprus exports decline sharply while imports see a modest rise

Cyprus saw its trade deficit grow in May 2024, largely due to a significant drop in exports and a slight increase in imports, according to recent data from the Cyprus Statistical Service. The trade deficit for May 2024 was €693.4 million, up from €578.2 million in May 2023....

68. Ikea to open store on New York's chic 5th Ave

IKEA is set to open a new store in the heart of Manhattan's Fifth Avenue shopping district, serving as the prime anchor of a new office tower, the majority owner of IKEA stores announced Tuesday....

69. Alphamega and Bean Bar ranked among the top 20 Investors in People employers worldwide

70. Why building a home is rare today

As discussed in our previous article, the housing landscape in our country is changing, with home ownership rates decreasing and aligning with the European average. ...

71. Varosha resolution: PACE calls for return to legal owners

The Parliamentary Assembly of the Council of Europe (PACE) on Thursday approved a resolution calling for the return of Varosha to its lawful inhabitants......

72. Rentals rise as home ownership trends change

Around 20-25 years ago, Cyprus was renowned for having one of the highest rates of home ownership globally, with figures nearly reaching 78% - 80%, as per the data available then....

73. Cyprus has a long way to go when it comes to EV's

Cyprus lags behind the rest of the European Union in the adoption of battery electric vehicles (BEVs), according to data from the European Alternative Fuels Observatory (EAFO). While growth is noted and targets seem achievable, the country's rate of electric car use remains among the lowest in the EU....

74. Kiosk owner faces charges for selling fireworks to minors

Criminal charges are pending against a kiosk owner in Cyprus following allegations that fireworks sold to minors ignited a fire in Trimiklini, authorities said....

75. British Bases Police probe death of man found with head shot

A man was found dead with a gunshot wound to the head at a car repair shop outside the Ormideia community, authorities reported. His identity has not yet been determined....

76. Heatwave halts deliveries, stores see orders plunge by up to 80%

A noticeable decrease in store order volume was caused by high temperatures and work stoppages following warnings from the Department of Labor Inspection....

77. Meet Kevin, the world's tallest dog

The Iowa great dane that was recently crowned the world’s tallest dog is the same height as the average three-year-old child – and is often mistaken for being a horse. ...

78. Rescuers brave flames to save dog in Paphos wildfire

The dedication and bravery of firefighting teams and volunteer groups are crucial every summer as they battle the fires that plague the island of Cyprus. A recent rescue effort has captured the hearts of many, highlighted by a poignant photo of a rescuer cradling a dog in his arms....

79. Lifeguard bans blacks from occupied area's beach

A controversy has ignited at Kymides Beach in the occupied areas, sparked by a lifeguard's discriminatory social media post outlining restrictive rules targeting specific nationalities and races....

80. The $10 billion plan to rebuild Cyprus's ghost town

The Turkish newspaper Sözcü has drawn attention to Varosha, an abandoned area in Famagusta, calling it the "Las Vegas of the Mediterranean." The paper says it would take $10 billion to bring the ghost town back to life after being abandoned for 50 years....

81. Agency reports strong start to 2024, continues paying off state debt

KEDIPES, Cyprus' state-owned asset management agency, announced a €144 million cash inflow for the first quarter of 2024. The agency also made a €140 million repayment to the state, bringing the total repayment to €1.3 billion since it started in September 2018....

82. Limassol Blu Marine Zeus Tower construction update

The Leptos Group is proud to announce the ongoing construction of the highly anticipated Zeus Tower - Signature Collection, the second tower of the renowned Limassol Blu Marine development....

83. What's in a name? The romantic tale of Rosebank whisky

Rosebank. What a romantic name, isn’t it? To me, it conjures up images of blooming roses and tranquil riverbanks. ...

84. New global report launched at Global Family Business Summit

The Global Family Business report from KPMG Private Enterprise and the STEP Project Global Consortium reveals how some successful business families adopt a future-centric view of legacy that binds generations together, creating dynamic legacies that adhere with tradition while simultaneously embracing innovation...

85. Cyprus trade deficit shrinks by €708 million

The trade deficit in Cyprus decreased by €708 million in January-April 2024 compared to the same period in 2023, driven by a significant 18.4% drop in imports, according to the Statistical Office....

86. Keravnos continues to call on banks to slash interest rates

Finance Minister, Makis Keravnos, called on local banks to slash interest rates, emphasizing the urgency for change in the financial landscape. Keravnos's remarks come just before the European Central Bank's Governing Council convenes,...

87. How inheriting property can cause headaches

Everything usually starts with pure intentions: ''We have two children, so we pass on half a share to each of them to avoid offending anyone, and then let them do what they want.''...

88. Ukrainian Embassy denies Zelensky casino purchase

The Embassy of Ukraine in the Republic of Cyprus has firmly denied allegations that Ukrainian President Volodymyr Zelensky has purchased a casino in Kyrenia. In a recent statement,...

89. Mario Nava advocates bicommunal energy project in Cyprus

A bicommunal photovoltaic power plant would increase cooperation in the energy field and build trust, Mario Nava, the Director-General of the European......

90. Limassol tavern explosion linked to personal feud

Police were put on high alert early Monday after an explosion shook a tavern in Zakaki, Limassol. The blast occurred shortly before 5:00 a.m., causing minor damage to the establishment....