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601. Shipping tycoon wants to transfer biz to Cyprus

A Norwegian-born Cypriot billionaire wants to move his shipping company to Cyprus to reap benefits, including an EU-approved tonnage tax regime available only to tax residents of the island, which is scrambling to keep its industry afloat amid sanctions against Russia...

602. House up in arms over north’s Varosha plans

The parliament in the Republic of Cyprus is calling on the European Union and United Nations to ‘take concrete measures' against Turkish Cypriot plans to open the entire ghost town of Varosha, following comments made on the campaign trail by politicians in the north...

603. Apple accused of enabling stalkers with AirTag

Apple was sued by two women who say its AirTag devices make it easy for stalkers to track and terrorize victims....

604. Cyprus gets taste of EU’s €85 million with a caveat

Cyprus will get Friday the first tranche of €85 million from the EU's Recovery and Resilience Mechanism, with European Commission technocrats also pointing to repeated suspensions of foreclosures in Cyprus that create problems in terms of achieving the goal of further reduction of NPLs...

605. Hellenic Bank soon to be under the control of Eurobank

Eurobank is gaining control of Hellenic Bank after purchasing Wargaming's 13.4% stake. With the addition of the 12.6% it held from the purchase of all shares in Third Point Hellenic Recovery Fund in the summer of 2021, it now stands at 26%....

606. Government owed €16.2m from ineligible first time home buyers

More than 270 people who benefited from the reduced rate of 5% VAT for first-time home buyers, have been found to be ineligible, following checks carried out throughout Cyprus by the Tax Department, and should be charged 19% VAT, totaling €16.2 million announced on Wednesday the Minister of Finance, Constantinos Petrides, after the Council of Ministers. He also announced on-site checks on other categories of taxpayers and types of taxes....

607. Bird flu: 'No reason to panic', says Minister

There is no reason to panic, the situation is manageable and all the protocols of the Health and Agriculture Ministries have been implemented from the first moment for the avian flu cases detected in Famagusta district, said the Minister of Health, Michalis Hadjipantela, after his meeting on Wednesday with the competent authorities on the matter....

608. Fuel price cuts have begun

Following a month of price volatility, the Cypriot market should see a reduction in the cost of motor and heating fuels in the coming days....

609. Abused dogs found alive in Larnaca offal pit

Two dogs were found alive after emergency rescuers in rural Larnaca rushed to a farm pit that was filled with disposed animal carcasses...

610. Doubts raised over detained dog after bite incident

Nicosia authorities are looking for a dog that may have bitten a child in Agios Dhometios over the weekend, after it became unclear whether a pit bull in police custody matched the description...

611. Cyprus takes no chances after cases of bird flu

Health officials in the Republic of Cyprus remain on alert after cases of avian flu have been detected on the island, where two private farm owners are self-monitoring and about a thousand birds are to be killed out of an abundance of caution...

612. CYTA expects €400 million in revenue this year

Deputy Chairman of the Committee Chrysis Pantelides told CYTA after discussing the organization's budget for 2023 that CYTA is a very good example of a profitable and robust semi-governmental organization that should remain in the ownership of the state so that the public and society at large reap these important benefits....

613. Cypriot registered ships decrease by 21% due to sanctions

A large number of tankers that previously sailed under European Union flags, such as Cyprus and Malta’s, are leaving those registers as a result of the sanctions on Russian oil transportation....

614. Supreme Court in Cyprus overturns rape convictions

Two young males who were convicted on rape charges after having sex with a drunk high school student in a hotel room were acquitted last week when the Supreme Court found the girl’s testimony was weak and the defendants did not receive a fair trial...

615. Twitter closes its offices: Chaos in the aftermath of Musk's 'ultimatum'

Hundreds of Twitter employees are expected to leave the company after new owner Elon Musk issued an ultimatum requiring employees to work "long hours at high intensity" or leave....

616. Drug squad finds Ottoman cannons after tip-off

Cypriot authorities in Limassol have gained possession of two Ottoman cannons, after officials rushed to the backyard of a residence where they caught the owner red handed digging up the big guns...

617. Another British man dies while crossing the road

A British man died in a road accident over the weekend after being struck by a car on a coastal road in Paphos, where another fatality and other car accidents involving pedestrians have been piling up this month...

618. Twitter: Musk warns of the possibility of bankruptcy

619. Musk's first email to Twitter staff: No more telecommuting

Elon Musk, the platform's new owner, informed Twitter staff in his first email that "difficult days are ahead." After firing 50% of the staff, Musk's first significant move was to outlaw telecommuting unless he personally approved a request....

620. Zuckerberg says 'sorry' as Meta lays off 1,000 employees

Facebook parent company Meta on Wednesday said it is laying off 11,000 employees, marking the most significant job cuts in the tech giant’s history....

621. Qatar: Beer banned at stadiums just 2 days before World Cup

The sale of alcohol is strictly controlled in Qatar, and it had to relax its restrictions to allow FIFA sponsor Budweiser to sell its products outside World Cup match venues and fan zones. Now, fans have been told they cannot buy beer at any games during the tournament....

622. Layoffs begin at Twitter as offices temporarily close

Twitter Inc temporarily closed its offices on Friday after telling employees they will be informed by email later in the day whether they are being laid off....

623. Budget approved for 1,000 charging stations across the island

The Cabinet on Wednesday approved a proposal submitted by the Ministry of Transport for the installation of 1,000 public charging stations for electric vehicles, with a budget of 3.7 million euros....

624. €6 million chalet just one of several investments planned for the mountains of Cyprus

The new €6.3 million project in Moniatis, which is looking for a buyer, shows that investment in mountainous areas is picking up steam. With DTA's Guru projects, the creation of the Tree Hotel, hotel acquisitions by Property Gallery, and the restoration of the Berengaria Hotel in Prodromos, interest has recently begun to be more active....

625. Celebrities are leaving Twitter in droves thanks to Elon Musk's takeover

Elon Musk's acquisition of Twitter has some in Hollywood heading for the exit....

626. Government, Parliament, candidates, and your dog's heart

In comparison to humans, a dog, your dog, can sniff more than 100,000 times. His hearing is exceptionally acute, and he can hear your heartbeat without using a stethoscope, allowing him to perceive your emotions....

627. New Twitter owner Elon Musk fires top execs

Elon Musk became Twitter Inc's owner on Thursday, firing top executives and providing little clarity over how he will achieve the lofty ambitions he has outlined for the influential social media platform...

628. Cyprus has come a long way in restoring reputation over anti-money laundering issues

The Republic of Cyprus has come a long way in dealing with anti-corruption and Anti-money laundering (AML) issues, making important strides in restoring the Republic of Cyprus’ reputation, said US Ambassador to Cyprus, Judith Garber speaking on Tuesday at EY’s Cyprus Attractiveness Forum....

629. Limassol angry after downtown balconies collapse

Limassol officials pointed the finger at property owners on Thursday after two balconies collapsed downtown, highlighting a bigger problem in Cyprus where local authorities say they are often forced to pick up the tab for urgent repairs...

630. Cyprus on ‘very good track’ to innovation

The high scores of Cyprus in the field of innovation were stressed in the Digital Agenda Cyprus Summit 2022, which was held at Nicosia Municipal Theatre on Monday. Keynote speakers from various fields attended the conference and talked about issues pertaining to a world which is in the digitisation process...