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121. ECB to review AKEL’s proposed bank tax amid financial concerns

The European Central Bank (ECB) is set to evaluate a proposed "windfall tax" on banks, commonly associated with the leftist political party AKEL, in Cyprus. ...

122. A night of remembrance as Israel honors victims of the Oct 7th massacre

On the evening of October 7, 2024, the Israeli Embassy organized a poignant memorial ceremony at the Hilton Hotel in Nicosia, Cyprus. ...

123. 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......

124. Finance Minister coordinates with EU Trio on 2025 Presidency

Minister of Finance Makis Keravnos met in Luxembourg with his counterparts from Poland and Denmark regarding the preparation of the Cypriot......

125. 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....

126. Cyprus projects €1.13 billion fiscal surplus for 2025

Cyprus is on track to achieve a fiscal surplus of €1.13 billion in 2025, amounting to 3.3% of GDP, according to the state budget presented to the House of Representatives on Thursday. ...

127. 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. ...

128. Cyprus' credit rating upgraded due to strong economy and lower debt

Rating Agency Capital Intelligence Ratings (CI) has upgraded Cyprus’ Long-Term Foreign Currency Rating (LT FCR) and Short-Term FCR (ST FCR) to ‘BBB’ and ‘A2’, respectively, from ‘BBB-’ and ‘A3’, maintaining a positive outlook....

129. 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....

130. First student housing set to open in old town Nicosia

The first student residence inside Nicosia’s walled city will open in November, offering 13 rooms as part of a larger plan to create 380 student spaces. ...

131. 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. ...

132. 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....

133. Aphrodite trail among top 25 in European Public Space Awards

The Aphrodite trail in the community of Ineia, in Paphos district, has been selected among the 25 best projects for the 2024 European Prize for Urban Public Space, an announcement by the Interior Ministry says....

134. Cyprus to allow women voluntary military service starting 2025

President Nikos Christodoulides announced Sunday night that the Cypriot government will soon offer women the opportunity to voluntarily enlist in the National Guard following their completion of secondary or technical school education....

135. Cyprus finalizes 2025 budget with focus on export growth

The Council of Ministers is set to finalize discussions on the 2025 state budget by mid-September, as confirmed by Finance Minister Makis Keravnos. ...

136. Why we failed as a country

In July, the resilience of Cypriot society was tested once again as it faced yet another challenge, underscoring its entrapment in heavy fuel oil. This entrapment translates into an annual fine of €200 million due to emissions. ...

137. Cyprus tourism holds steady despite Middle East tensions

According to Kathimerini's Apostolos Tomaras, tourism in Cyprus remains strong despite geopolitical tensions in the Middle East. The summer season has shown a slight increase in tourist arrivals compared to last year, with current figures indicating a positive trend. Tourism receipts up to May have mirrored this performance, suggesting that Cyprus' tourism sector is holding steady....

138. Boxer Imane Khelif one win away from Olympic Gold

Algerian boxer Imane Khelif moved one step closer to a historic gold medal in the women’s welterweight division at the Paris Olympics on Tuesday night, defeating Thailand's Janjaem Suwannapheng 5-0 in the semifinals. ...

139. EU bolsters Lebanon with €1B aid package

The European Union has begun political dialogue with the Lebanese government to implement critical reforms, backed by substantial EU funding. ...

140. Cypriot banks show resilience amid challenges, says CBC Governor

Despite the continuous challenges, the Cypriot banking system continues to register a positive course, which is reflected in the main supervisory indicators, Governor of the Central Bank of Cyprus (CBC), ...

141. GESY reserve fund soars to €590 million

The General Healthcare System (GESY) reserve fund remains high at approximately €590 million, exceeding international best practices......

142. Djokovic finally strikes gold

Novak Djokovic achieved tennis immortality by clinching his first Olympic gold medal and completing the elusive career "Golden Slam" with a dramatic win over Carlos Alcaraz on Sunday....

143. Cyprus signs €50 million contract for smart meters

A €50 mln contract for Advanced Metering Infrastructure (ΑΜΙ) was signed on Wednesday between the Electricity Authority of Cyprus (EAC) and the Cyprus Telecommunications Authority (CYTA)....

144. EU reviews impact of Chinese exit from Vasilikos' LNG terminal

The European Commission is assessing the potential impacts on project funding following the withdrawal of a Chinese consortium from the construction of the LNG terminal in Vasilikos, a spokesperson for the European Commission confirmed....

145. Kyriakides secures EU health funding for Bosnia and Herzegovina

Commissioner for Health Stella Kyriakides signed on behalf of the European Commission an association agreement of Bosnia and Herzegovina with theEU4Health programme, according to a press release....

146. Republicans question Kamala Harris’ readiness as Democratic Nominee

With President Joe Biden withdrawing from the 2024 presidential race, leading Republican lawmakers are intensifying calls for his resignation, arguing that if Biden is deemed unfit to run, he should not remain in office....

147. Cyprus extends EV charging grants by two months

The deadline for applications for the second phase of the "Electrification with 1000" grant program has been extended by two months, now closing on September 30, 2024, at 12:00 a.m., the Department of Electromechanical Services announced....

148. China unveils world's largest hurricane-proof turbine

Imagine a wind turbine so advanced it can withstand hurricanes and typhoons while harnessing their immense power to generate electricity....

149. BBF, Proud Sponsor of the Year for Limassol Nautical Club, at Road to Paris 2024 Press Conference

BBF, the Official Sponsor Partner of the Limassol Nautical Club (LNC) for the year 2023-24, proudly attended a Press Conference held at the LNC premises on Friday, 12 July 2024, ...

150. Solar-powered 'smart benches' to monitor air quality in Greece