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151. Attorney General and Auditor General vow strong cooperation

Attorney General George Savvidis and newly appointed Auditor General Andreas Papaconstantinou are determined to work closely together for a smooth and effective partnership. ...

152. Cypriot economy shows resilience, growth outpaces EU average

The Governor of the Central Bank of Cyprus, Christodoulos Patsalides, has called on banks to consider the social dimension of their pricing policies......

153. Cyprus worried about inflation as tensions rise between Israel and Iran

The escalating conflict between Israel and Iran could disrupt global energy supply chains, with Cyprus likely to feel the effects....

154. EU takes Cyprus to court over tax law delays

The European Commission has referred Cyprus, along with Spain, Poland, and Portugal, to the European Court of Justice for failing to implement the 2022 directive on a global minimum level of taxation for multinational corporations and large companies (Pillar 2 directive)....

155. Deloitte Cyprus issues its annual Transparency Report: Fostering resilience, creating enduring value

Deloitte Cyprus issued its 13th Transparency Report covering the period from 1 June 2023 to 31 May 2024. ...

156. President Christodoulides urges stronger oversight with new Auditor General

Andreas Papaconstantinou was officially appointed as Cyprus' new Auditor General on Wednesday, following a ceremony at the Presidential Palace with President Nikos Christodoulides. ...

157. US urges tighter oversight of Cypriot service providers to combat financial crime

Cypriot accountants and lawyers are under pressure from U.S. authorities to align with banking standards in combating financial crime. ...

158. Cyprus abolishes planning permission for low-risk developments

According to a report by Kathimerini's Pavlos Neophytou, effective October 2, 2024, Cyprus will eliminate the need for planning permission for low-risk developments, such as the construction of one or two residential units. ...

159. U.S. business leaders eye investment opportunities in Cyprus

U.S. businessmen and executives expressed keen interest in pursuing business opportunities in Cyprus during a Wednesday working lunch with President Nikos Christodoulides in New York....

160. Cyprus falls behind on EU recovery plan, meets only 5% of targets

In today's 'Oikonomiki', Panayiotis Rougalas reports that Cyprus has only achieved 5% of the milestones outlined in its Recovery and Resilience Plan (RRP), falling far behind other European Union countries in implementing reforms tied to the EU’s Next Generation funding program....

161. Andreas Papaconstantinou to become the new Auditor General

Cyprus President Nikos Christodoulides appointed Andreas Papaconstantinou as the Republic's new Auditor General. ...

162. Building permits surge 150% in June amid major reform

Building permits issued in Cyprus saw a massive 150% jump in June 2024 compared to the same month last year, as authorities worked to clear a backlog ahead of a major reform. ...

163. Dutch government requests opt-out from EU asylum rules

The Netherlands’ new coalition government, led by Geert Wilders’ far-right Party For Freedom (PVV), has requested an opt-out from the European Union’s asylum rules,...

164. IRS experts aid Cyprus in combating money laundering

In October 1931, notorious American gangster Al Capone was sentenced to 11 years in prison on five counts of tax evasion by the federal justice system, marking a pivotal moment in organized crime history in the U.S....

165. Christodoulides to join world leaders at UN's 'Summit of the Future'

Cyprus President, Nikos Christodoulides, is expected to participate in the Summit of the Future, a high-level global summit convened by the United Nations (UN), which will take place on Monday 23rd of September 2024 at the UNHQ in New York....

166. Von der Leyen unveils new European Commission lineup

European Commission President Ursula von der Leyen has unveiled the list of new commissioners, including Kostas Kadis from Cyprus, who has been appointed as Commissioner for Fisheries and Oceans. ...

167. Cyprus secures majority of EU funds, with minor tax reform pending

The European Commission has given Cyprus the green light for most of its request for €152 million in funding as part of the EU’s Recovery and Resilience plan, which aims to boost economies after the pandemic. Out of 38 goals Cyprus needed to meet, 37 were approved....

168. Homebuyers face mounting debts as developers' loans go unpaid

169. Cypriot President criticized for overtime and pension controversies

Last September, Cypriot society witnessed the debacle involving Doxa Komodromou, who, despite being an official, billed the state for overtime at the president's request for events and speeches outside regular hours....

170. Cyprus banks praised by US for stronger sanctions enforcement

US sanctions imposed on entities and individuals in Cyprus are not targeting the country, but “oligarchs and arms traders” enabling “the Kremlin war machine” to continue the war in Ukraine......

171. Politics Blog: Cyprus politicians dive deep over undersea connection

Averof Neofytou and Annita Demetriou have crossed swords once again, this time over the proposed undersea cable linking Cyprus to Greece. ...

172. Illegal monastery remains standing despite demolition order

A monastery owned by the Metropolis of Constantia and Famagusta, illegally built in the protected Cape Greco area, remains standing despite court orders to demolish it, according to a report by Pavlos Neophytou in this Sunday's Kathimerini. ...

173. It's a Cypriot shipwreck!

When the gold passport scandal began to emerge in the autumn of 2019, it quickly became clear that the naturalization of individuals like Joe Law was only the tip of the iceberg....

174. Christodoulides: ''We cannot operate in 2024 on 1960 terms''

The Cabinet convened yesterday to advance a significant framework of institutional reforms aimed at modernizing Cyprus' state apparatus....

175. EU allocates €39.5 million for Turkish Cypriot community

The European Commission on Tuesday approved the 2024 Annual Action Programme, granting €39.5 million to support the Turkish Cypriot community's socio-economic development and advance Cyprus' reunification efforts....

176. Israel faces mass strike amid anger over hostage deaths

A general strike threatened to shut down much of Israel on Monday as public anger erupted over the killing of six hostages in Gaza and frustration grew with Prime Minister Benjamin Netanyahu’s handling of the ongoing conflict with Hamas....

177. European Commission allocates €1B to flood-affected nations

The European Commission proposed on Tuesday over €1 billion in financial support from the EU Solidarity Fund (EUSF) to help Italy, Slovenia, Austria, Greece and France deal with the impacts of the severe floods that hit these countries in 2023....

178. Paris ranks as Europe’s most expensive city for housing

Paris remains the most expensive city in Europe for free-market housing, with an average price of 14,900 euros per square meter, according to a report by Deloitte....

179. Nicosia faces financial strain amid local government reforms

In an article in this Sunday's Kathimerini, Apostolos Tomaras writes that Just two months into the tenure of Cyprus’ new local government, the Nicosia Municipality is grappling with significant financial challenges, raising concerns about its ability to comply with legal requirements....

180. Cyprus to modernize education system starting 2024-25

Cyprus’ Minister of Education, Sports, and Youth, Athina Michaelidou, announced on Monday a series of planned changes aimed at modernizing the education system. Highlighting education as a government priority, Michaelidou outlined the key initiatives set to begin in the 2024-25 school year....