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1. MFA: Audit uncovers misuse of public funds and abuse of power

A recent audit conducted by the Audit Service of the Ministry of Foreign Affairs (MFA) has revealed instances of misappropriation of public money and abuse of power spanning the years 2021 and 2022....

2. Archbishop Georgios in ''K'': The scandal rocking the Church of Cyprus

In an interview with ''K,'' Archbishop George assures that efforts are being made to fully clarify the case of the Monastery of Saint Avvakum, which is causing turmoil within the Church. ...

3. Cyprus embraces global investment with its bond market debut

In April 2024, the Republic of Cyprus is gearing up to enter the international bond markets, intending to issue a Euro Medium Term Note (EMTN) bond worth 1 billion euros....

4. What are they afraid of?

Transparency is not merely a good thing; it is essential. However, with the exception of one, credit buyout companies seem unwilling to disclose their financial results, keeping them shrouded in secrecy....

5. Woman held in €15,500 theft

A 25-year-old woman, sought on suspicion of embezzling €15,500 from a Limassol café where she was employed, faced arrest just before her scheduled departure abroad....

6. Sales from the occupied area to the Republic of Cyprus skyrocket

Data, released by the Turkish Cypriot newspaper ''Kibris'' and sourced from the Turkish Cypriot Chamber of Commerce, reveals a remarkable surge in sales of products from the occupied territories to the Republic of Cyprus in 2022....

7. Maria Ressa's Nobel-worthy legal triumph

Philippine Nobel laureate Maria Ressa has been acquitted of her final tax evasion charge in the latest legal victory for the veteran journalist as she battles to stay out of prison over cases that she has previously described as part of a pattern of harassment....

8. Unmasking tax evasion on Greek islands

New technologies, as well as citizens, are bringing cases of major tax evasion to the surface....

9. Backlash over Cyprus' VAT refund change

The recent decision made by the Department of Customs to raise the expenditure limit for VAT refunds to third-country travelers visiting Cyprus is receiving criticism for its adverse effects on tourism expenditure....

10. EAC employee arrested for defrauding citizens

A 43-year-old resident of Paphos has been ordered by the Paphos District Court to be detained for seven days on allegations of misappropriating over €30,000 from a semi-governmental organization, AEK, intended for the installation of photovoltaic panels....

11. Cypriot businesses face serious issues, but still expect to turn a profit

What are the main problems for Cypriot businesses (table) ...

12. Greek government uses citizens to report tax evaders

The Independent Authority for Public Revenue (AADE) is about to launch a new smartphone app in the coming days whereby citizens will be able to check whether the receipts they received are genuine....

13. K. Treppides & Co Ltd: Benefits in Kind

There are a number of commercial benefits that come with registering the property in the name of a legal entity rather than as an individual e.g. for asset protection purposes as it provides protection against personal insolvency since a property that is in the name of a legal entity should not be affected should the individual becomes personally insolvent....

14. Talk of doing good rings hollow among global elite in Davos

If the rich don’t give a bit more today, they may have to give a lot more tomorrow. That was my conclusion from last week’s World Economic Forum in Davos....

15. EU plans to cut Russian gas imports by two-thirds in a year

The European Union will outline a plan on Tuesday to cut Russian gas imports by two-thirds within a year as it seeks to reduce its dependency on the country’s fuel supplies after Moscow’s invasion of Ukraine. ...

16. Cyprus' auditor general makes Jiu Jitsu move

The audit office is reportedly preparing an unflattering report on Cyprus’ film industry government scheme, with local media suggesting some type of possible connection between newly-established Olivewood and golden passports...

17. Driver permit rules stiffer for non-residents

The Cypriot transport ministry has issued tougher rules for some foreigners seeking to obtain a driver’s permit, essentially linking visa status to eligibility while barring refugees with pending applications as well as introducing stricter criteria...

18. KISA weighs in on downtown clashes

An NGO director in Cyprus is challenging the notion that foreign rival gangs have desolated the historic centre of the capital, saying bad practices by some local employment agencies are often behind many disputes including a fatal incident last Sunday...

19. Women in brothel raid under arrest

Seven women in Nicosia previously described by police as possible victims of trafficking have been arrested, with a judge ordering them in remanded custody for multiple offences related to prostitution...

20. Jailed hostel manager says he is not a pimp

A male suspect facing pimping charges in a recent brothel investigation in downtown Nicosia says he was only renting single rooms to women and charging a lodging fee...

21. Pensioner suing convicted ‘fixer’ lawyer

A female pensioner, who was swindled out of 350 grand while seeking promotion in the civil service through a back-channel, is suing her former lawyer after he was sentenced to two years for defrauding her...

22. MPs stalling Jiu Jitsu cash rebate

A cheque for €8.5 million to pay for Jiu Jitsu, a film starring Nicolas Cage, is being held up in the Cypriot parliament as opposition parties are blocking the cash rebate and asking questions...

23. Woman accused of stealing from employer

A former employee at a company in Paphos has been arrested on fraud charges, accused of issuing fake receipts and pocketing over 10 grand...

24. Limassol clerk arrested on embezzlement charges

A clerk at the Limassol District Administration office, who is being accused of pocketing money without issuing receipts, is expected to appear in court Wednesday for her remand hearing...

25. Suspected loan shark turns tables on accuser

State prosecutors are seeking guidance from the attorney general in a case where a suspected loan shark in Limassol has presented evidence of actual debt owed to him by his female accuser...

26. Fitch Ratings upgrades Cyprus to investment grade

27. Cobalt expresses regret as airline ceases operations

Travelers who were scheduled to fly back on Cypriot carrier Cobalt Air will have to get their own one-way return tickets, following a company decision to ground all its flights...

28. Cyprus recovery is being recognised by international agencies

Fitch does not currently anticipate developments with a high likelihood of leading to a downgrade...

29. Tourist arrivals spike 23.4% in February

Tourist arrivals have hit record highs in every month since March 2017 ...