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1. Finance Minister calls for prudency to safeguard economy

Cypriot Minister of Finance Constantinos Petrides, stressed on Wednesday evening the need to be “even more careful” with the fiscal discipline in the new challenging era, while Central Bank Governor Constantinos Herodotou referred to the risk of new NPLs due to the challenging economic conditions....

2. €100 increase in average gross monthly earnings in Q2 2022

The average gross monthly earnings of employees increased by €100 in the second quarter of 2022, according to provisional data, published by Cyprus Statistical Service on Wednesday. In particular, they reached €2,081, compared to €1,982 in the same period of 2021, recording an increase of 5%....

3. Why EVs are a flop in Cyprus … so far

It's only a 150-kilometer drive across Cyprus; well below how far an average electric vehicle can drive on a single charge. Range anxiety — a major barrier in the shift to EVs — shouldn't be a thing....

4. Greek tax authorities use Google Maps to reveal undeclared swimming pools

The tax administration is planning to uncover undeclared swimming pools across Greece with the use of aerial photographs taken by Google Maps and the electronic cross-checking of the findings with the data from the land register and the E9 tax form....

5. Reduced excise tax on fuel extended until mid-January

The Cyprus government extended the reduced excise duties on fuel until 15 January 2023 on Friday, in a bid to alleviate the effects of soaring inflation fuelled by the war in Ukraine, with the Finance Minister calling on Households and businesses to save energy as fiscal measures cannot tackle the problem of price hikes in its entirety....

6. Self check-in and robots - the future of tourism in Cyprus

7. Are you sure the person you interviewed is the one you hired for the job?

A job interview scheme is on the rise where candidates are hiring proxies to sit in for them. Some 'professional' proxies are charging up to $150 an hour to do job interviews....

8. Princeton University is now free for families making under $100,000

The considerable cost of attending one of the top American universities will now be covered for students whose parents earn less than $100,000 per year....

9. 'Cyprus Tomorrow Plan': The legacy of the Anastasiades government

Cyprus President Nicos Anastasiades said he has a “clear conscience” as he delivered on his commitments concerning the creation of a “welfare state with no exclusions,”...

10. Russians can no longer get golden visas from Portugal

A total of ten Russian citizens who applied for Portugal’s Golden Visas from February 24 this year have been denied, according to the announcement provided by the Portuguese Immigration and Border Service....

11. Cyprus starts golden passport trial with a paradox

A defense attorney in the golden passport trial set to begin next month raised a conflict of interest on Monday, when his client and former House speaker along with three other defendants appeared for their arraignment before a Nicosia district judge...

12. Cyprus hopeful about EU migration pact

The interior ministry in the Republic of Cyprus says an EU council draft that makes adoption of asylum and migration rules a priority includes a Green Line reference, seen by Nicosia as an important step in its attempt to block flows from the northern part seen by the south as 'instruments of Turkey'...

13. Rejected Estia applications to be re-examined upon appeal

The number of applications approved for participation in the Restructuring Scheme “Estia” has increased, reaching 1,049. At the same time, appeals for 881 applications that were denied will be re-examined compared to only 543 last March....

14. US-based Lone Star to revise offer for Bank Of Cyprus

US-based equity fund Lone Star said it is considering options with regard 'to the possibility of making a revised offer proposal to the Board of the Bank of Cyprus.'...

15. Back to School Allowance - Amounts and beneficiaries

A one-off 'Back to School' grant to families with children aged 4-18 years old, based on income criteria and household composition, was approved by the Council of Ministers at today's meeting, following a proposal by the Deputy Minister of Social Welfare, Ms. Anastasia Anthousi....

16. Banks imposing stricter lending standards

Cyprus banks have tightened credit standards in the second quarter of 2022, while net new lending demand subsided, reflecting the geopolitical tensions and the uncertainty in the global economic environment, the Central Bank of Cyprus Bank Lending Survey for Q2 says....

17. Liz Truss to freeze energy bills for households

British Prime Minister Liz Truss plans to freeze household energy bills at their current level for this winter and the next, paid for by government-backed loans to energy suppliers, the BBC reported Tuesday....

18. Bicycle subsidy platform now open for new applications

The Department for Transport, Communications and Works announces the opening of applications for the revised Bicycle Purchase Grant Scheme for 2022 - 2023....

19. EU citizens can now apply for a visa on arrival in Saudi Arabia

Citizens from European Union countries planning to travel to Saudi Arabia will be subject to the new tourist visa scheme that the latter’s authorities have introduced in order to increase the number of international visitors to the country....

20. Bank of Cyprus announces €50m net profit in first half of 2022

Bank of Cyprus announced a profit after tax amounting to €50 million for the first half of 2022, setting its sights on dividend distribution in 2023, for the first time since 2011, depending on market conditions and regulatory approvals....

21. EU mulls cap on electricity prices as costs soar

The Czech presidency of the European Union has called for an emergency meeting of the bloc’s energy ministers to consider measures of dealing with the energy crisis, including imposing a ceiling on the price of electricity....

22. Cabinet extends disbursement period of interest rate subsidy scheme

The Cabinet decided Monday to amend the interest rate subsidy scheme for housing and corporate loans to further support the economy amid the ongoing effects of the COVID-19 pandemic and the war in Ukraine....

23. Cyprus Investment Program problematic from the start

Much ink has been spilled over the Cyprus Investment Program (CIP). From its inception in 2017 until its abolition, the CIP was a scheme wherein the Cyprus Government granted Cypriot citizenship to investors, "golden passports" as it is well-known....

24. Tourist traffic in Cyprus at 75% of 2019, says Deputy Minister of Tourism

Tourist traffic in Cyprus, so far, has reached 75% of 2019, Deputy Minister of Tourism Savvas Perdios said on Thursday, adding that many more tourists from other markets such as Germany, Switzerland, France and Greece choose Cyprus as their destination....

25. Cypriot minister lashes out at ‘populist’ lawmakers

Cypriot Finance Minister Constantinos Petrides lashed out at lawmakers on Tuesday warning against “dangerous and unrestrained populism” after members snubbed a presidential veto on three crucial pieces of legislation...

26. Solving Cyprus

The recent commemoration of the 48th anniversary of the Turkish invasion of Cyprus is a dark reminder that a solution is long overdue. Greek and Cypriot government officials, as well as organizations around the world, called for an end to the Turkish occupation and the reunification of the island....

27. Two arrested over fake cocaine planted by police

SBA Police are investigating a cocaine shipment from Greece to Cyprus after two men under surveillance were arrested while trying to retrieve drugs that turned out to be fake cocaine planted by cops in Athens during a ship container inspection...

28. K. Treppides & Co Ltd: Benefits in Kind

There are a number of commercial benefits that come with registering the property in the name of a legal entity rather than as an individual e.g. for asset protection purposes as it provides protection against personal insolvency since a property that is in the name of a legal entity should not be affected should the individual becomes personally insolvent....

29. Foreclosures suspended until the end of October 2022

The Cyprus Parliament on Thursday passed a bill suspending foreclosures until the end of October,...

30. Average gross earnings increased by 6.8% in Q1 of 2022

The average gross monthly earnings of employees during the first quarter of 2022, amounted to €2,019 compared to €1,891 during the first quarter of 2021, recording an increase of 6.8%, according to data published, on Wednesday, by the Cyprus Statistical Service....