Search

91. Cypriot citizens linked to $75 million money laundering probe in the French Riviera

French authorities have seized about $75 million worth of real estate and luxury cars in the French Riviera as part of a money-laundering investigation involving two Russian businessmen who hold Cypriot citizenship, according to a published report on the OCCRP.org website. ...

92. Winds die down as clear skies return

Well, that didn’t last long! After a couple of pleasant breezy days, it's back to 'normalish' days with light to moderate winds....

93. Chaos in Rhodes as migrant camps take over city center

Rhodes is facing a growing crisis as areas like Eleftherias Square and Therma have transformed into informal migrant camps, creating a suffocating environment in the city center....

94. Cyprus surpasses pre-pandemic financial levels with growing surplus

Cyprus is bouncing back from recent economic challenges, with its financial health improving dramatically. Current fiscal surpluses now exceed what they were before the pandemic, thanks to a significant increase in revenue....

95. Investment opportunities by AstroBank

AstroBank is selling a large commercial building in Nicosia as well as commercial, residential, and agricultural land in Nicosia, Limassol, and Larnaca, Paphos and Famagusta....

96. Are the US elections turning into the 'battle of the billionaires'?

In what seems to be a tit-for-tat move—especially after Elon Musk announced he would donate $1 million a day to registered voters who sign his PAC petition—Microsoft founder Bill Gates has reportedly thrown his support behind Democratic Vice President Kamala Harris in the 2024...

97. Cypriot banks sending loans abroad: A growing risk?

Yesterday, I had a conversation with someone who truly understands banking—probably more knowledgeable than many who think they do....

98. Spike in suspicious transactions as Cyprus freezes over €25 million in illicit assets

Reports of suspicious transactions in Cyprus have risen sharply in 2023, reaching levels similar to those in 2021, as per a story by Kathimerini's Dorita Yiannakou....

99. President Christodoulides: No tolerance for corruption in sports

President of Cyprus, Nikos Christodoulides, made it clear that the country has zero tolerance for corruption and match-fixing in sports during the opening of the National School of Ethics at the Presidential Palace on Monday....

100. Cyprus under siege as cyberattacks raise alarms

Since October 17, hackers have been launching a series of targeted attacks on various organizations and companies across Cyprus, sparking public debate about the country's ability to fend off cyber threats. ...

101. Lidl is holding the ''mind RESET'' programme for the 4th consecutive year

On the 16th and 17th of September, the first phase of the successful environmental educational programme was successfully completed, and focuses on the training of teachers of the participating schools....

102. Fake $100 banknotes flood Cyprus

The Central Bank of Cyprus called on Monday for caution over the circulation of counterfeit US$ 100 banknotes in the market. ...

103. Massive cyber attacks target key websites in Cyprus

In the past 24 hours, Cyprus has been hit by a series of major cyber attacks, targeting both government websites and critical internet infrastructure....

104. Cyprus' EU nominee under fire for waste management scandal

Costas Kadis, Cyprus' nominee for EU Commissioner for Fisheries and Oceans, is facing criticism over his handling of a controversial waste management scandal ahead of his November 6 hearing before the European Parliament's Fisheries Committee....

105. Katz to Erdogan: 'Take back your murderer friend' in fiery social media post

Israel’s Foreign Minister Israel Katz, who was the first public official to announce the death of Yahya Sinwar, took to social media today with a harsh message directed at Turkish President Recep Tayyip Erdogan. ...

106. Scam warning: Don’t fall for fake delivery fees from 'Cyprus Post'

The Cyprus Police are urging the public to exercise caution following reports of a new scam involving fraudulent emails related to package deliveries....

107. Hermes Airports website under attack, authorities assure no disruption

Hermes Airports' website was targeted in a cyberattack today, but initial reports indicate that airport operations remain unaffected, the company said. ...

108. Public sector salaries to increase by 1.5% starting October 2024

Cyprus' House of Representatives has passed an agreement between the government and trade unions to implement a general 1.5% wage increase for public......

109. Cyprus on high alert after cyberattack threat by hackers

Cyprus state services are closely monitoring developments following a warning of an imminent cyberattack targeting the country's critical infrastructure, although no attack has occurred yet, according to well-informed sources....

110. Cyprus tops Europe in lawyers but struggles with court delays

Cyprus leads Europe with the highest number of lawyers per capita, with 505 lawyers per 100,000 residents, far above the European average, according to a new Council of Europe report....

111. Effort to create new cooperative bank in Cyprus begins with IPO search

The Cypriot company for the promotion of the cooperative movement is at the process of seeking an investment firm that would underwrite an initial public offering for the creation of a “small cooperative bank” in Cyprus that would replace the Cooperative Cyprus Bank which went into liquidation back in 2018, Panikos Hambas told CNA....

112. Cyprus: The new Switzerland and other tall tales

Hope for a solution has been granted a stay of execution—albeit on life support—and almost all political parties welcomed this development....

113. Israel expected to strike Iran before US Election Day

American officials anticipate that Israel will retaliate against Iran for its recent attack before November 5, sources told CNN. ...

114. Cyprus' infrastructure shines as MED9 Summit boosts tourism

115. Customs seizures spark confusion over 'Green Line' fuel rules

The Commissioner for Administration and Human Rights, Maria Stylianou-Lottidi, has called on the Cyprus Customs Department to urgently clarify the rules on transferring fuel from the occupied territories. ...

116. Disputes delay Pafos-Polis Chrysochous motorway project

In today's Oikonomiki, Dorita Yiannakou reports that the ongoing dispute between the Greek construction company Intrakat and the State over the Pafos-Polis Chrysochous motorway project has led to a stalled construction timeline and potential penalties. ...

117. Global debt to exceed $100 trillion this year

Global public debt is nearing the size of the world economy, posing risks to living standards in developed nations, the International Monetary Fund (IMF) warned....

118. Tornaritis calls MEP Fidias ‘Hitler’ during tense TikTok debate

A TikTok live session hosted by popular Cypriot influencer Nana ignited intense debate last night, featuring newly elected Member of the European Parliament (MEP) Fidias Panayiotou and businessman Christophoros Tornaritis...

119. Cyprus investment funds grow to €9.4 billion in 2024

Investment companies in Cyprus collectively manage assets worth €9.4 billion, with the amount growing by about 2.9% in the second quarter of 2024 but still below last year's figures....

120. Freedom Holding Corp. marks 5th anniversary of Nasdaq IPO with significant growth milestones

Freedom Holding Corp. (FRHC) is celebrating the fifth anniversary of its IPO on the Nasdaq Capital Market, one of the world’s leading stock exchanges. ...