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1591. Akamas compensation guidelines poses risks, says Finance Minister

"The guidelines for compensating landowners in Akamas for the loss of land value they have incurred and providing assistance to the neighborhood are speculative and ill-defined....

1592. Economic sentiment improved in February

Economic sentiment improved in February, with the Economic Sentiment Index (ESI) rising by 1.9 points compared to January....

1593. EIB financed €250 million worth of green projects in Cyprus

The European Investment Bank (EIB) reported on Wednesday on its strong engagement in Cyprus for 2022, with new financing signed reaching a total of €250 million, all of which was invested in green projects....

1594. Work begins on jetty for mooring FSRU in Cyprus

Work for the construction of a jetty, as part of the LNG Receiving and Regasification Terminal in the Vasilikos area in Cyprus, has recently begun...

1595. 'My Big Fat Greek Wedding 3' hits theaters on September 8th

The third installment in the beloved "My Big Fat Greek Wedding" franchise will arrive later this year....

1596. Drakos: 'Radical reforms achieved in the past 20 months'

Outgoing Minister of Justice and Public Order, Stephie Drakos, presented her work at the Ministry over the past 20 months at a press conference held at the Presidential Palace, noting that during this period a series of sweeping reforms took place at almost all levels and areas of responsibility of the Ministry....

1597. Around 1000 earthquake victims from Turkey have arrived in the occupied areas

According to Hassan Tatsoi, the "minister of labor and social welfare," a thousand earthquake-affected people traveled from Turkey to the occupied territories in one week to find relatives or friends who had been living in the occupied territories for years....

1598. Casino dash before new Cabinet raises eyebrows

A House committee in the Republic of Cyprus is blocking three appointments on a casino commission until after the new Cabinet takes shape on March 1, with members raising conflict of interest concerns and the outgoing government insisting it should be allowed to fill the vacant positions now...

1599. Turkey rejects linking NATO expansion to F-16 deal

US Secretary of State Antony Blinken on Monday called for Sweden and Finland to be accepted into NATO 'as quickly as possible,' although his Turkish counterpart dismissed the possibility of any link between their accession and Turkey’s request for F-16 fighter jets...

1600. Ayia Napa Marina: Delivery of luxury homes begins with Beach Villa 6

Ayia Napa Marina, the iconic award-winning mixed-use development, has officially begun delivery of its luxury villas, with Beach Villa 6 already handed over to its owner. ...

1601. Bank of Cyprus: 71 million in profits in 2022

Bank of Cyprus' profit for 2022 was 71 million euros, up from 30 million euros in 2021....

1602. The issues affecting young people in rural areas

The public debate with young people living in rural areas is quite constructive because dialogue brings to light several issues that local authorities may be unaware of....

1603. Police propose law to text camera citations to owners

The Cypriot government seeks to amend legislation so that authorities can notify traffic camera violators via SMS or email text, but legal issues and a drastic drop in daily violations could hinder those efforts when the bill heads for the House this year...

1604. Mr. Kadis: 'The goal is to recycle 70% of construction and demolition waste'

Agriculture Minister Costas Kadis stated in his address at the "Workshop for the presentation of an innovative robotic method of separating waste from construction and demolition" that the goal is for at least 70% of the waste generated from construction and demolition to be recycled....

1605. Cyprus ranked 16th out of 85 countries in living kidney donations

Cyprus ranks 16th on kidney donations from a living donor, out of a total of 85 countries that provided data, Minister of Health, Michalis Hatzipantela said on Friday....

1606. Plans to upgrade hotels in the mountains and countryside are underway

1607. The 'Baby Grant' continues: Amounts and Benefits

It is still possible to receive the "Baby Grant" which is a subsidy of 1,750 euros given to eligible recipients and includes supplies such as furniture, linens, items for personal hygiene and care, and clothing for up to two years....

1608. Credit Suisse posts $1.51 billion loss in 4th quarter of 2022

Credit Suisse on Thursday reported a fourth-quarter and annual net loss that missed expectations, as the Swiss bank continued with its huge strategic overhaul....

1609. Death toll tops 17,000 as hopes fade for survivors

Rescuers pulled more survivors from beneath the rubble of collapsed buildings Thursday but hopes were starting to fade of finding many more people alive more than three days after catastrophic earthquakes and a series of aftershocks hit Turkey and Syria, killing more than 17,000....

1610. Cyprus drives hard bargain on EU migration money

Outgoing Cypriot President Nicos Anastasiades will note the disproportionate burden for the Republic of Cyprus due to the increased migration flows, during the European Council summit taking place on Thursday and Friday in Brussels, highlighting the instrumentalization of the migration issue by Turkey...

1611. Cyprus wants to use American gift to help region

The CyCLOPS training centre is now 100% Cyprus-owned and gives the country the opportunity to become a regional centre as regards the effort to help the broader region in matters of natural disasters, Minister of the Interior, Nicos Nouris, said on Wednesday...

1612. Marina Association 'surprised' by statement on Paphos marina

The development of Paphos Marina is moving forward, thanks to a Cabinet decision. This has been an issue for decades, and when the Deputy Minister of Tourism took office, he re-launched an effort to promote the project by preparing a feasibility study for its construction....

1613. Cabinet approves subsidies to fund digital business upgrades

At today's Cabinet meeting, the Grant Scheme for "Digital Upgrading of Enterprises" was approved. This project is part of Cyprus's Recovery and Resilience Plan (RSP) for the years 2021-2026, and it will be funded by the European Union's (EU) Recovery and Resilience Mechanism (RRM)....

1614. Which names are being floated for the position of Finance Minister?

The new ministerial team will be assembled beginning Monday, February 13. Nicos Christodoulides and Andreas Mavroyiannis, the two candidates for the Presidency of the Republic of Cyprus, will bring in new faces to staff their Ministries....

1615. 'Mortgage to rent' plan approved

The Cabinet has approved the Treasury's proposal to establish a "rent versus installment" scheme known as mortgage to rent....

1616. 'Buy Nothing Project' gaining ground worldwide

It was not until after Angela Parker, 53, had raced across her north Atlanta neighborhood to nab eight leftover, thick-cut slices of ham with gravy from the porch of someone she didn't know that she began to ask herself some questions. Was it weird to eat a stranger's porch ham? Was it safe? Would the ham be worth it?...

1617. PORSCHE CYPRUS: 30 years of an iconic journey

This year, PORSCHE CYPRUS celebrates 30 years of iconic performance on Cypriot roads. All this is thanks to the vision of Alkis Iacovides, the man who passionately loved PORSCHE and decided to introduce the favorite German car models in Cyprus three decades ago....

1618. EU pushing to create a Common European Degree Label

Mariya Gabriel, the European Commissioner for Innovation, Research, Culture, Education, and Youth, has launched ten Erasmus+ projects to foster new forms of cooperation among higher education institutions across the EU....

1619. Half a billion euro investment in digital transformation

Over the next five years, a little more than half a billion euros (€512 million) will be set aside for digital transformation. ...

1620. Tourism revenues are on the mend

Savvas Perdios, the deputy tourism minister, spoke with K shortly after his trip to New York and Washington, D.C., about the ministry's investment in this market and the need to gradually lay the groundwork for increased American visitor numbers in Cyprus....