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1021. Mysterious lights illuminate the skies over Cyprus

On Thursday night (4/5), citizens in various areas of Cyprus observed mysterious lights appearing in the sky, causing disruption and raising questions....

1022. Cypriot firms struggle to detach from sanctioned providers

The business registrar in the Republic of Cyprus has been flooded with requests from companies scrambling to make changes to their structures, after hundreds of firms on the island saw their assets frozen due to new sanctions targeting agencies viewed by Washington and London as 'Russian enablers'...

1023. EU gives €60-80m to fund Hellenic defense systems

As part of the moves to strengthen the European defense industry, based on the increased need for defense equipment resulting from the war in Ukraine,...

1024. Chevron pushes forward with Cyprus tricky move

Chevron has reportedly started drilling a key appraisal well offshore Cyprus, a development mired in geopolitical controversy over the ethnically-split island as well as neighbor relations...

1025. Turkey says it ‘KANN’ deliver on air defence

A fifth generation stealth fighter jet developed and produced in Turkey was shown off on Monday, with Ankara delivering on a promise made two years ago when the first indigenous engine was put to the test amid F16 restrictions...

1026. Russian wave heads north as sanctions pick up in Cyprus

Russian businesses in the Republic of Cyprus are rumored to be moving to the northern part of the island to avoid sanctions, amid reports that more Cypriot nationals in the south are expected to be added to a new list of 'Russian enablers'...

1027. Safeguarding First Responders on duty

The rapid evolution of technology is bringing huge and beneficial changes in all areas and the rescue sector isn't an exception. ...

1028. Occupied areas: Cable cars planned for Bellapais and Saint Hilarion

"The cable cars in Bellapais and Saint Hilarion, which are in the final stages of planning, are among the most significant projects in the development of alternative tourism," said "Minister of Tourism, Environment and Culture" and President of the "TRNC" DK, Fikri Ataoglu....

1029. First Lady launches initiative to convert Presidential Palace into 'Zero Waste to Landfill' building

First Lady Philippa Karsera Christodoulides and Environment Commissioner Maria Panayiotou presented their joint initiative on Monday to transform the Presidential Palace into a Zero Waste to Landfill building. The initiative aligns with World Earth Day, celebrated on April 22nd....

1030. The unintended consequence: How Our online history built the AI industry

The AI boom is built on data, the data comes from the internet, and the internet came from us....

1031. TaxApp.cy: The easy way to submit a tax return

With TaxApp, taxpayers can easily and quickly submit their tax returns while ensuring correct submission. ...

1032. The real estate industry's crucial turning point

The European Parliament recently approved a new bill that aims to tackle climate change by reducing carbon emissions. This new legislation has significant implications for the property markets in Cyprus and Greece, where there is a large stock of buildings over 30 years old and requiring energy upgrades....

1033. EU lawmakers pass proposals to address migration crisis

European Union lawmakers on Thursday approved a series of proposals aimed at ending the yearslong standoff over how best to manage migration, a conundrum that has provoked one of the bloc’s biggest political crises....

1034. US Congress members sold bank shares amidst banking crisis fears

On March 10, as fears were swirling over the health of the nation’s banks, an investment account belonging to the children of Rep. Jared Moskowitz, D-Fla., sold shares of Seacoast Banking Corp. worth $65,000 to $150,000....

1035. 'The goal is 1,000 voluntary returns per month,' says Ioannou

The government of Cyprus has outlined a four-pillar plan to address immigration issues, according to Interior Minister Konstantinos Ioannou. The first pillar is to limit the flow of asylum seekers entering Cyprus, followed by managing asylum applications and reception areas more efficiently....

1036. Finance Ministry launches tender for Companies Law modernization

Cyprus Ministry of Finance has launched a tender with an estimated value of €2 million aiming to acquire services for the modernization and reform of the outdated Companies Law, aiming to improve the economy’s competitiveness and ease of doing business....

1037. FBI arrests 2 for running Chinese police station in NY

Two men have been arrested by the FBI for allegedly running a covert station for China’s police force in New York. The station, which was allegedly set up in February 2022 in Manhattan’s Chinatown, was operated by Beijing’s Ministry of Public Security (MPS) and used as a base to track Chinese dissidents living in the US....

1038. Cyprus coastline polluted with 0.2 pieces of garbage per square meter

There are 0,2 pieces of garbage in every square meter of sand in Cyprus, according to data on coastal marine litter, released by the EU’s EMODNET database, the Head of the Board of Directors of AKTIS Xenia Loizides told the Cyprus News Agency....

1039. Greek banks freeze mortgage installments for 12 Months

Eurobank, Piraeus and Alpha Bank have announced that they will be keeping mortgage installments at their current levels for 12 months. As pledged by the first two banks, the baseline rates of serviced mortgage loans will remain at the levels they were on March 31, 2023, minus 20 basis points, for 12 months, starting in May. National Bank is expected to follow suit....

1040. IMF projects steady GDP growth for Cyprus in 2023

The International Monetary Fund (IMF) maintained its projection for Cyprus’ economic growth in 2023 at 2.5% of GDP, while real GDP growth is expected to pick up pace in the next year....

1041. Bookings for Cyprus-Piraeus route opens tomorrow

The booking system for the Cyprus – Piraeus route will open on Tuesday for those passengers who wish to travel to Greece by sea, Shipping Deputy Minister Marina Hadjimanolis said Monday....

1042. Pascal high school students create ChatGPT-powered robot to revolutionize teaching

High school students and their tutors in Cyprus have developed a prototype robot powered with ChatGPT artificial intelligence technology to harness and improve teaching experiences in the classroom....

1043. Over 7,000 volunteers contribute to groundbreaking genetic research in Cyprus

Over seven thousand volunteers in Cyprus have so far provided a sample of their genetic material to the Biobank, Professor of Medicine and Molecular Genetics at the Medical School of the University of Cyprus and Director of the Center of Excellence for Biobanking and Biomedical Research, Constantinos Deltas, has told the Cyprus News Agency....

1044. €130M grant plan proposed for 358 refugee apartment buildings

In an effort to effectively manage buildings in government housing estates and address observed structural issues, the Ministry of Interior has prepared a comprehensive Sponsorship Plan to be presented at Friday's Cabinet meeting. ...

1045. Philip Lane: Next ECB decisions on interest rates will be based on data (Video)

Philip Lane, the Chief Economist and member of the European Central Bank's (ECB) executive board has said the bank's next monetary policy decisions will be based on incoming data,...

1046. Cypriot President wraps up Cairo visit

Cyprus President, Nikos Christodoulides, concludes on Thursday his visit to Egypt, with a meeting with the Arab League Secretary General, Ahmed Aboul Gheit, at the League's seat. After the meeting Christodoulides will depart for Cyprus...

1047. Investors flock to 'green' bonds as a secure investment

1048. KEAN shares sold: New owners to bring fresh ideas and investments

In a recent development, the shareholders of KEAN have decided to sell their shares to bbf, a company operating in the field of development projects. ...

1049. Cyprus raised 1 billion with a 10-year sustainability bond

Cyprus has raised €1 billion through its first-ever 10-year sustainable bond, which saw demand exceed supply by 12.5 times. The bond yielded 4.20% and will finance a range of "green" and social projects,...

1050. Cypriot professor Phoebe Koundouri honored for contribution to Science

On Thursday, the 23rd of March, Prof. Phoebe Koundouri was awarded the Academy of Athens Excellence in Science Award 2023 for her contribution to the advancement of the Science of the Marine Environment by the President of the Academy of Athens, Michael-Konstantinos Stathopoulos, and the Secretary-General, Christos Zerefos....