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151. Larnaca - Piraeus ferry ready to set sail in ten days

In ten days, on July 29, the Larnaca - Piraeus ferry line is set to launch, and the demand has surged, with the Daleela ferry already fully booked. According to Deputy Minister of Shipping, Marina Hadjimanoli, who spoke on the show "Διασπορά Ειδήσεων" on SPOR FM,...

152. Applications open for 'Rent in Exchange' program

"The submission of applications for the 'Rent in Exchange for Installment' program will begin in October," said Ioanna Markidou, Chief Economist A' at the Ministry of Finance, in a statement to CNA....

153. When society turns a blind eye to homeless ''foreigners''

A few hours before expensive Lamborghinis and Ferraris, driven by wealthy "foreigners," start their ostentatious daily progress on the coastal road of Limassol, poor "foreigners" sleep on the sand, as long as it is still night, to become news in the morning from a well-known television station that they are "obstructing the work of local boat owners."...

154. Relief for vulnerable households with non-performing loans

The ''Rent vs Instalment Scheme'' was approved by the Council of Ministers today, as announced by Government Spokesperson Konstantinos Letymbiotis following the conclusion of the Council. The European Commission's Directorate General for Competition also granted approval on July 6....

155. Major banks hit by large-scale cyberattack

The banks Deutsche Bank, Commerzbank, and ING are among the dozens of companies that have suffered a large-scale cyberattack....

156. Vehicle registrations soar by 24.4% in first half of 2023

A significant increase of 24.4% was recorded in vehicle registrations in the first half of 2023, compared to the same period in 2022, while an increase of 22.4% was recorded in June 2023, compared to the same month last year....

157. Parliament approves foreclosure law

A significant mobilization by the Government and the Central Bank of Cyprus took place this week regarding the framework of foreclosures, primarily to withdraw the "problematic" proposal that, according to the state and banks, would have negative consequences for the Cypriot economy....

158. The government's seven proposals for vulnerable individuals

Finance Minister Makis Keravnos submitted seven government actions aimed at addressing issues related to non-performing loans to Parliament yesterday....

159. Uncovering hidden gems abroad

July is a month that many people eagerly await to enjoy their vacations....

160. President proposes measures to address foreclosure

During the International Investment Awards ceremony held by Invest Cyprus, President Nikos Christodoulides delivered a speech addressing the issue of foreclosures and their impact on the economy. ...

161. President urges solution as foreclosure laws vote approaches

Cyprus is heading towards suspending first residence property foreclosures up to 350,000 euros until the end of October....

162. Turkish or Turkish Cypriot? Court decision controversy

The Republic of Cyprus will pay a compensation of €345,000 to a Turkish Cypriot of American origin, while also returning his property in Limassol, which was being irregularly exploited....

163. Mossad kidnapping inside Iran tied to Cyprus

Bizarre revelations emerged on Thursday in an alleged thwarted attack on Israeli targets in Cyprus, after Mossad revealed that agents had gone inside Iran and kidnapped a man who later confessed on video his plans to kill an Israeli businessman on the island...

164. Nicosia encourages green transportation with new policy

Effective Saturday, July 1, the Nicosia Municipal Council will implement new parking fees in municipal parking areas, following a decision made on April 20, 2023. ...

165. Unmasking tax evasion on Greek islands

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

166. Mossad and Cyprus foil Iran's terror cell targeting Jews

The Mossad helped Cyprus crack an Iranian terror cell, according to sources on Sunday, 25th of June....

167. Party rape suspect acquitted after prosecutor blunder

A young man was acquitted of rape charges last week after a Limassol court raised doubt over lack of consent by the female accuser, who woke up dizzy and naked on the bed of a rental property after a fraternity party...

168. Nicosia attracts millions in investment opportunities

A new investment exceeding 60 million euros is currently in the study phase, focusing on the development of a strategically positioned plot in Nicosia. ...

169. US hails Cyprus for its efforts in combating human trafficking

The Government of the Republic of Cyprus has been recognized for its serious and sustained efforts in combating human trafficking, according to the annual report released by the U.S. State Department. ...

170. California: Dismantling women's rights in the name of progressivism

Are there still women in California? They seem to have ceased to exist – at least as far as the state’s laws are concerned....

171. Greek islands grapple with doctor shortages as tourism takes priority

Many Greek islands face severe shortages of doctors and nurses and attempts to solve the issue fall afoul of local economies and, in certain cases, government bureaucracy....

172. Groundbreaking court to tackle first home foreclosures

The groundwork for the establishment of a specialized jurisdiction court, which will exclusively handle issues related to the foreclosure of primary residences, will be laid on Thursday....

173. Man in Finland fined €121,000 for speeding

In a surprising turn of events, a man in Finland was slapped with a jaw-dropping fine of €121,000 (~$130,000) for exceeding the speed limit by approximately 20 mph....

174. The 'holiday scam': Protecting yourself when booking online

An increasing number of individuals are opting to plan their vacations online, a trend that, as observed in previous years, carries potential risks and pitfalls. ...

175. June Newsletter - Deadline for settlement of taxes through self-assessment

176. IMF says Cyprus untouched by war fallout

The economy of Cyprus is expected to slow to around 2.5% in 2023, reflecting an erosion in household incomes, tighter financial conditions, and delayed impacts from sanctions against Russia, International Monetary Fund forecasts, after the conclusion of the Article IV consultation with Cyprus...

177. New plan to safeguard vulnerable groups' homes nears approval

The Director of the Press Office of the President of the Republic, Victor Papadopoulos, announced that a new plan to safeguard the first homes of vulnerable groups in Cyprus is on the horizon. ...

178. Local home buyers feel priced out in divided Cyprus

Cypriots on both sides of the divided island have been noticing real estate prices going up in recent years due to foreign buyers willing shell out more, with reports suggesting the trend is going nowhere but up...

179. An effective foreclosure framework is important, says FinMin

An effective and functional foreclosure framework is crucial for encouraging borrowers to restructure their debt, due to the high stock of non-performing loans (NPLs), the Cyprus Ministry of Finance said in a press release on Tuesday....

180. Real estate: A closer look at prices and rental trends

With the chapter on imposing a reduced VAT rate of 5% on primary residences as a social policy measure finally moving towards resolution, an unresolved issue that has been lingering in the real estate market for years is being addressed....