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481. 10% reduction in electricity costs

The Minister of Energy, Trade and Industry, Ms. Natasa Pileidou, today announced a series of measures designed to ease the skyrocketing costs of electricity in households and business....

482. Calls for booster shot gain traction in Cyprus

A Cypriot health expert believes the Delta variant is like having a different virus altogether, saying evidence is very strong in favor of providing a third dose, citing both local numbers as well as data from Israel...

483. Nicosia reacts to new Al Jazeera video

Nicosia has refuted allegations concerning a Cypriot minister and his trips to London, in reaction to an Al Jazeera secret investigation into how convicted criminals could take on new identities and launder money through ownership of English football clubs by deceiving authorities...

484. International Luxury Property and Residency Conference

485. Al Jazeera publishes prequel to The Cyprus Papers

A new documentary by Al Jazeera on football corruption in Britain includes allegations that a Cypriot minister flew to London to arrange paperwork at a consular office for a Russian national who was wanted by Interpol and unable to travel under his real name...

486. NSO denies knowledge of hacked list in Cyprus

Israel-based NSO Group is pointing the finger at customers who may misuse its Pegasus surveillance software, following reports that a list hacked in Cyprus contained thousands of mobile phone numbers believed to have been be targeted by the proprietary malware to spy on journalists and activists around the globe...

487. EY acted as lead advisor to the Government of the Republic of Cyprus for the re-development of the Larnaca Port and Marina area

The Strategy and Transactions team of EY Cyprus undertook a lead financial advisory role on behalf of the Ministry of Transport, Communications and Works (“MTCW”) of the Republic of Cyprus in the successful completion of the transaction for the re-development of the Larnaca Port and Marina area between the Government of the Republic of Cyprus and Kition Ocean Holdings Ltd. ...

488. Cyprus issues blanket rule for Safe Pass

Health Minister Michalis Hadjipantela announced stricter measures effective next Tuesday in the Republic of Cyprus, making Safe Pass a requirement across the board but questions still remained over supermarket, bakeries, and other shops selling necessity goods...

489. Suspect got scammed in deadly drug deal

The suspect in a deadly drug deal gone wrong in Limassol has given his own version of events, saying he flew into a rage after noticing he had paid for Himalayan salt instead of crystal meth...

490. Volunteerism czar resigns over 'fake resume'

The Cypriot volunteerism commissioner has resigned his position following allegations that he manipulated high school grades on his report card and included a fake college degree on his resume...

491. Citizens not trusted with Covid self tests

Home test kits for COVID-19 are helping many countries detect infections while reducing long lines outside testing centers, but over-the-counter testing has not been incorporated in the Republic of Cyprus where officials remain reluctant over trusting private citizens with the results...

492. Threedium sets sights on US market: A Cyprus Success Story in the Making

In April of 2017, five ambitious tech enthusiasts fresh out of university, of whom two were Cypriot, had a vision: to bridge the gap between online and in-store experiences by building a solution that would help customers better understand and evaluate the products they were browsing to buy...

493. Greengrocers declare ‘May Day’ in Cyprus

Fruit and vegetable stores in the Republic of Cyprus stunned the public for being prepared to violate a government decree on labor day this Holy Saturday, but a bigger surprise came from supermarkets that plan to stay closed...

494. S7 looking to drop Cyprus Airways

The future of Cyprus Airways is once again up in the air following reports that its Russian private shareholder S7 is looking to sell its entire stake in the Larnaca-based Charlie Airlines...

495. Cyprus hurries to clean up company registry

Energy Minister Natasa Pilides has called on business stakeholders in Cyprus to embrace a new effort of recording and updating true information about beneficiaries of companies, saying a new digital registry can bolster transparency on the island...

496. IMF: Withdrawal of support measures should be gradual

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities from March 8–29, 2021 to discuss recent economic developments and policy priorities on the island. In an interview with Kathimerini Cyprus, IMF mission chief for Cyprus, Anita Tuladhar, said the longer the recovery period in sectors related to tourism, the greater the chance that permanent scars will remain in the economy of Cyprus. Tuladhar also noted the importance of state-sponsored programs to support the economy....

497. College student says she was raped

A man has been arrested in Nicosia on rape charges following a complaint by a university student, who said she was sexually assaulted under knife threat...

498. Young biker dies in horrific scramble accident

A young man from rural Nicosia was killed over the weekend after two racing motorcycles collided during an off-road scramble near a campsite in Larnaca district, with the fatality taking place just days after he had posted an ad to sell his bike...

499. Power outage refuels reform debate

A technical failure in the Vasilikos power plant was quickly restored Thursday morning, after rendering areas all over the Republic of Cyprus without electricity at a time when unions are up in arms over reforms in the industry...

500. Peter Piot: Vaccination passports a one-way street

Professor Peter Piot, advisor to the Commission President, speaks to ‘K’...

501. Detained street vendors accused of kidnapping

Two men in Limassol were remanded in custody for eight days, facing kidnapping charges after a parent said street vendors tried to entice a group of children to buy soccer jerseys from a car nearby...

502. Cyprus moving forward with more relaxations

The Cabinet on Thursday agreed to move forward with a steady lifting of restrictions, as starting Monday each week will see additional relaxations culminating in the lifting of restrictions on food and drink businesses on March 16....

503. Property valuations and uncertainty clauses

Property appraisers in this country have had to deal with unprecedented events in the last seven to eight years that forced them to make use of the so-called 'uncertainty clauses' in their real estate estimates...

504. Businesses busted after flouting COVID rules

Police got busy over the weekend after officers busted a secret operation at a nightclub in Larnaca and a football watch party at a café in Limassol, with fines issued both to owners and customers...

505. President blames CIP failure on recklessness

Cyprus’ disgraced Citizenship by Investment Programme took a heavy toll after it was 'recklessly promoted' overseas, according to President Nicos Anastasiades, who testified on Tuesday before an independent committee, while telling reporters later that he would not revisit the matter until after probe findings are concluded...

506. Anastasiades takes the stand in passports probe

Cyprus’ citizenship by investment scheme will not be revived but other incentives will be given to attract investments, excluding citizenship, President Nicos Anastasiades said on Tuesday, following a 3-hour-long testimony before the investigative committee probing Cyprus’ nixed citizenship-by-investment scheme....

507. Smoothening the cliff edge in EU-UK relations

The Trade and Cooperation Agreement (TCA) between the United Kingdom and the European Union came into effect on January 1, 2021, capping a tumultuous four-and-a-half-year period since the shocking result of the July 2016 Brexit referendum, in which 51.9% of the British voters voted in favor of leaving the EU. Subject to the delayed assent of the European Parliament, this UK-EU free trade agreement (FTA) extends zero-tariff and quota-free trade in goods between the two economic areas....

508. Nicosia police investigate midtown explosion

Nicosia police are investigating an explosion incident in midtown area, with reports saying a hand grenade was thrown into the building of an insurance company...

509. ‘No going back’ on Varosha decision

Over 200 Varosha property owners are seeking to return to the divided island’s most popular ghost town, with Turkish Cypriots appearing ready to address Greek Cypriot grievances with or without a solution to the Cyprus problem, adding there is “no going back” on the plan to open the abandoned city...

510. Elusive businessman with Cyprus ties pops up

The whereabouts of elusive Russian hedge fund manager German Lillevali, who was linked to a flurry of companies in Cyprus after he became a resident, are no longer a mystery after reports that he was detained in the US on an immigration violation but released due to overcrowding amid the coronavirus pandemic...