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481. Who benefits from the proposed rent-to-mortgage scheme?

The "Rent vs Instalment Scheme", now known as the "mortgage to rent" scheme, is nearing completion, with implementation set to begin in January 2023. ...

482. 50 products specified in Cyprus' 'Household Basket'

The Consumer Protection Service will present its initial proposal for the Household Basket in Cyprus to the stakeholders - the Hypermarkets Association, the Retailers Association, the OEB, and the CEB - at 12 noon on Wednesday. ...

483. Investors lost $1 billion on FTX, prompting calls for industry regulation

The turmoil in the cryptocurrency world continues unabated following the bankruptcy of the FTX platform, which landed its founder, Sam Bankman-Freid, bankrupt almost overnight. ...

484. Spyware and political games

The European Parliament's Committee of Inquiry's draft report on the use of spyware in the EU was lengthy and comprehensive, but in the case of Cyprus, a sizable portion of the information was a repetition of already well-known facts and concerns about the absence of the required institutional framework. ...

485. Finance Minister calls for the repeal of foreclosure suspension

The Ministry of Finance proposes delaying the law on divestiture suspension. ...

486. The Commission is pushing for regulation of Airbnb-style lodgings

As part of its efforts to promote transparency in the short-term rental sector, the Commission adopted on Monday a proposal for the regulation to improve transparency and assist public authorities in ensuring the sector's balanced development in the context of sustainable tourism....

487. Covid: The decisions from today's meeting

Michael Hadjipantelas' meeting with the members of the Advisory Committee at the Ministry of Health has concluded. According to the Minister of Health's statements, an increase in the number of cases has been confirmed, and data on hospitalizations were analyzed during the meeting to create a clearer picture....

488. Initial PEGA report - Cyprus is an appealing destination for spy goods

489. Why inequality is growing in the US and around the world

U.S. income inequality grew in 2021 for the first time in a decade, according to data the Census Bureau released in September 2022....

490. EY holds Cyprus Attractiveness Forum: Investment Realized, a reference point for FDI in Cyprus

The Cyprus Attractiveness Forum: Investment Realized, organized by EY in collaboration with the Cyprus Chamber of Commerce and Industry, took place on Tuesday, October 25th at the Parklane Hotel, in Limassol. ...

491. Announcement: Appointment of Principal and Senior Managers in K. Treppides & Co Ltd

The Management of K. Treppides & Co Ltd is committed to develop leaders who derive from own people and who pursue excellence in the provision of high quality specialised and unique services. We are pleased to announce the appointment of the following members on the Board of Management effective as of 1 November 2022....

492. Cyprus has come a long way in restoring reputation over anti-money laundering issues

The Republic of Cyprus has come a long way in dealing with anti-corruption and Anti-money laundering (AML) issues, making important strides in restoring the Republic of Cyprus’ reputation, said US Ambassador to Cyprus, Judith Garber speaking on Tuesday at EY’s Cyprus Attractiveness Forum....

493. Tobacco from north lands gals in jail

Two women have been detained at a checkpoint in rural Nicosia after customs officers found a large quantity of tobacco products in their vehicle, but charges and circumstances of their detention were not immediately clear...

494. Turkish soldiers man post in buffer zone trouble spot

UN peacekeepers in Cyprus say they are monitoring a situation in rural Nicosia where Turkish soldiers started manning a post overlooking the buffer zone in Denia, a known trouble spot where videos suggest a Greek Cypriot farmer repeatedly had run-ins with the military...

495. Greek Cypriots feel left out of UN buffer zone decision

A recent decision by UN Peacekeepers in Cyprus to okay the launch of renovation work on a Turkish Cypriot football pitch in the buffer zone has angered Greek Cypriots, who view the process as an effort by the north to score a point against the south...

496. 'Cyprus made': When to expect the branded products

Local products can now be branded as Cypriot-made. After a year of work, consultations, and procedures, as well as research into international examples, a new brand name for Cypriot products has been developed: Cyprus Made - Unique by origin....

497. Ending Cyprus' energy isolation

After the discovery of energy resources in the Cypriot EEZ, the start of construction of the Cyprus-Crete electricity cable can be considered a high point in Cyprus' energy affairs. For the first time in its history, the Republic of Cyprus will join Europe's energy system, with all that entails for the country's security....

498. Two families sue Amazon for selling 'suicide kits' to teens

Amazon is facing a lawsuit accusing it of selling so-called suicide kits, brought by the families of two teenagers who bought a deadly chemical on the company's website and later used it to take their own lives....

499. Nouris: EU should sanction countries that instrumentalize migration

The EU should have concrete sanctions in place when there is proof that migrants are being instrumentalized, as in the case of Cyprus, Interior Minister Nicos Nouris said....

500. Turks slam Greeks over fake ‘push-forward’ story

Turkey has slammed Greece’s migration minister over a video tweet allegedly showing members of the Turkish coast guard beating refugees during an alleged push-forward, with Ankara rushing to provide context and accusing Greek media of failing to properly retract a fabricated story...

501. Makarios Avenue will be closed to private vehicles from 20 October

On October 20, the initial traffic plan for Makarios III Avenue in Nicosia goes into effect, allowing public transportation, catering vehicles, police and fire engines, as well as shopkeepers and residents, while prohibiting the movement of other vehicles. ...

502. Demetriades: Loss of fleet due to sanctions on Russia

According to Deputy Minister of Shipping Vassilis Demetriades, a number of ships have been removed from the Cypriot register as a result of Russian sanctions, resulting in the loss of a 700,000-tonne fleet. ...

503. UN's Stewart: The option of a mutually agreed solution is fading

"I am extremely concerned that the option of a mutually agreed settlement of the Cyprus problem, i.e. a formula for the reunification of the island acceptable to both sides, is fading and will not be available for much longer", UN Secretary General's Special Representative for Cyprus Colin Stewart says....

504. Candidates concerned over higher rents facing undergraduates

Parties and candidates on Monday continued their activities, ahead of the February 2023 presidential elections, with issues such as digital transformation, labor relations, the Cyprus problem and benefits for undergraduate students who face difficulties renting student halls, topping the agenda....

505. The price increase of halloumi is justified, Minister of Agriculture says

The slight increase recorded in the price of the halloumi cheese is justified, Minister of Agriculture Costas Kadis said on Thursday....

506. Spain gave 'golden visa' to former Mexican president being investigated for corruption

The Spanish authorities have finally confirmed that the former Mexican President Enrique Peña Nieto, who is being investigated by Mexico’s attorney general’s office for alleged money laundering, illicit enrichment, and illegal international transfers, is a legal resident of the country....

507. Nouris: More foreign companies setting up shop in Cyprus

The adoption of the New Strategy for Attracting Business and Talent has led to an impressive increase in interest from foreign companies to establish their presence in Cyprus, ...

508. Two Turkish banks suspend Russian Mir payments after U.S. sanctions

Turkish lenders Isbank and Denizbank have suspended the use of the Russian payment system Mir, the banks said on Monday, following a U.S. crackdown on those accused of helping Moscow skirt sanctions over the war in Ukraine....

509. No more plastic bags in supermarkets from October 1st

In October, Cyprus will take action and reduce the use of plastic, according to a bill passed in 2022 that comes into force on October 1. Consequently, from the first of October, products such as plastic cotton swabs, cutlery, plates and so on will be banned from the market....

510. Employing Turkish Cypriots in ROC can play a key role in reunification

In a letter to Nicosia, the European Commission is calling for the upgrading of skills and the promotion of Turkish Cypriots in specific sectors of employment in the Republic of Cyprus, hoping that such a development will create a win-win situation....