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601. Commissioner in Cyprus to probe Russian asset freeze

Commissioner Reynders will request information on the total value of the assets of 'Russian oligarchs' in Cyprus that have been frozen by the authorities he told Cyprus News Agency in an interview, noting that so far, according to official figures 104 million euros in assets have been frozen, which is considered a low amount...

602. Finance Ministry launches tender for Companies Law modernization

Cyprus Ministry of Finance has launched a tender with an estimated value of €2 million aiming to acquire services for the modernization and reform of the outdated Companies Law, aiming to improve the economy’s competitiveness and ease of doing business....

603. Our top priority is ensuring accessible and high-quality medicines, says Kyriakides

"A 'strong European Health Union' will contribute to the building of strong, resilient, and sustainable health systems of tomorrow that will ensure better care for patients," said Commissioner Stella Kyriakides in her message for World Health Day....

604. Newly appointed presidential advisors to work pro bono

President Nikos Christodoulidis has appointed two new special advisors to his team to help with economic affairs and crisis management, respectively....

605. New Jersey and Cyprus armies tie the knot

Cyprus and US relations have never been stronger, Minister of Defence of the Republic of Cyprus Michalis Giorgallas has stressed during the signing ceremony of a State Partnership Program between the Republic of Cyprus and the New Jersey National Guard...

606. Herodotus to banks on restructuring, interest rates and transparency in charges

The Governor of the Central Bank, Constantinos Herodotou, emphasized to the Senior Executive Directors of licensed credit institutions the importance of the timely provision of viable restructurings, as well as the assessment of their data regarding the level of their deposit rates....

607. It's been 10 years since the haircut

In March 2023, Cyprus will mark 10 years since the deposit haircut. Ten years after the 2013 crisis, Cyprus looks completely different. During this decade, many changes have taken place and its citizens have experienced many different situations,...

608. Minister of Agriculture pushing for a 'Farmers Card'

Agriculture Minister Petros Xenofonos announced today during a meeting of the House of Representatives Agriculture Committee that he intends to create a farmer's card to provide services to the agricultural world....

609. Plans to upgrade hotels in the mountains and countryside are underway

610. Nicola Sturgeon resigns as Scotland's first minister

Nicola Sturgeon will stand down as first minister of Scotland, she has announced at a press conference....

611. Death toll surpasses 11,000 as Erdogan visits quake ravaged areas

President Recep Tayyip Erdoğan has visited the region of southern Turkey devastated by this week’s earthquake as the death toll rose above 11,000 and acknowledged that his government faced problems getting aid to victims....

612. Cabinet approves subsidies to fund digital business upgrades

At today's Cabinet meeting, the Grant Scheme for "Digital Upgrading of Enterprises" was approved. This project is part of Cyprus's Recovery and Resilience Plan (RSP) for the years 2021-2026, and it will be funded by the European Union's (EU) Recovery and Resilience Mechanism (RRM)....

613. Half a billion euro investment in digital transformation

Over the next five years, a little more than half a billion euros (€512 million) will be set aside for digital transformation. ...

614. The new president and finance minister will face new challenges

We are only a few days away from voting for the new President of the Republic. ...

615. Covid, RSV & influenza are causing a triple epidemic

With regard to seasonal viruses, hospitals seem to be operating in a precarious situation in terms of bed availability. ...

616. Austria to help upgrade Cyprus' social insurance system

Α Memorandum of Understanding in the field of digital transformation between the Republic of Cyprus and the Republic of Austria was signed on Thursday at the Presidential Palace, by the Deputy Minister of Research,...

617. Electric charging points in Nicosia unveiled today

The promotion of electric vehicle charging infrastructure will create the green and sustainable cities and communities of tomorrow said the Minister of Transport, Communications and Works, Yiannis Karousos,...

618. Nearly €6 billion in real estate transactions in 2022

The value of real estate sold during 2022 is approaching €6 billion, according to the comparative real estate sales of the Department of Lands and Surveys as processed and presented in the quarterly "Real Estate Market Bulletin" of Cyprus Real Estate Registration Council....

619. Projects in excess of €48 million will begin in the first quarter of 2023

Projects worth more than €48 million will be tendered in the first quarter of the year under the Cyprus Tomorrow Plan, according to Government Spokesman Marios Pelekanos....

620. EC: 12 million euros for access to high-speed internet in Cypriot homes

European Commission approves 12 million euro Cypriot scheme to support household access to high-speed broadband services...

621. Zelensky heads to Washington

Ukraine's President Volodymyr Zelensky says he is on his way to Washington, where he will meet US President Joe Biden on Wednesday....

622. Finance Ministry: 'Cyprus economy will not enter a recession'

There will be a significant slowdown in economic activity next year, we will be affected by increased energy prices and borrowing costs, but "inflation in Cyprus is being reined in at lower levels" compared to other European member states, ...

623. Cyprus retail sector continues climb despite inflation

Black Friday, with its high levels of traffic and shopping, appears to have given way to the Christmas holiday season. The market is still moving well, with increased foot traffic in shopping malls and main streets....

624. US at the ready to lend support to Cyprus

Should disaster strike once again, the United States stands ready to lend its support, resources, and expertise to the Republic of Cyprus, US Ambassador Judith Garber assured, pointing out at the same time, that Americans have benefitted directly from the heroism and efficiency of the Civil Defense team in the past....

625. The 2023 Budget in the vortex of the elections

The government of President Anastasiades has just submitted its final budget, for 2023. DISY will undoubtedly support the budget, but it will be interesting to see what position it will take if and when the polls are confirmed....

626. Kokkinos pushes for digital skills development

Deputy Minister of Research, Innovation and Digital Policy Kyriacos Kokkinos discussed digital skills development and the need for experts in cybersecurity during his participation in the Transport, Telecommunications and Energy Council of the European Union which took place in Brussels on Tuesday....

627. Elections: President touts Averof's role in government's success

The dilemma in view of the February 2023 elections is the continuation of stability or experimentation, President Anastasiades said on Saturday, as the presidential campaign continues....

628. Cyprus gets taste of EU’s €85 million with a caveat

Cyprus will get Friday the first tranche of €85 million from the EU's Recovery and Resilience Mechanism, with European Commission technocrats also pointing to repeated suspensions of foreclosures in Cyprus that create problems in terms of achieving the goal of further reduction of NPLs...

629. Averof: 'Technology firms can't find qualified Cypriot workers'

Averof Neophytou, Presidential Candidate and President of the Democratic Rally, stated after his visit to Murex that the global and Cypriot markets are in need of programmers and technology professionals....

630. EY Cyprus presents the Transparency Report 2022

ΕΥ Cyprus has released its Transparency Report 2022, which provides an update on the firm’s efforts to execute high-quality audits, identify and mitigate risks and enhance trust in business and the capital markets, in support of sustainable, long-term value creation. ...