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3751. EC challenges 5% VAT proposal for primary residences

Finance Ministry Director-General George Pantelis informed the parliamentary Finance Committee that the European Commission disagrees with the consensual proposal agreed upon in Parliament regarding the imposition of a reduced VAT rate on the construction or acquisition of a primary residence....

3752. Divestments trigger a risk of backlash in the Recovery Fund

As Cyprus races against time to secure €1.1 billion in grants and loans from the Recovery Fund (NextGenerationEU) by June 2026, a new challenge arises. ...

3753. US ambassador praises Cyprus on sanctions

US Ambassador Julie Fisher is dismissing claims that Washington is using arm-twisting tactics in Nicosia for sanctioning companies on the island, while pointing out Cypriot government statements are in line with the EU’s transatlantic consensus on Russia’s war in Ukraine...

3754. Cyprus leads in new asylum applicants per population, but overall numbers decrease

Cyprus had the highest rate of new applicants for asylum compared to its population in February 2023, according to data released by Eurostat, the statistical service of the EU. At the same time, however, new asylum applications have significantly reduced compared to last year....

3755. FBI reveals plot to kill Queen Elizabeth II during 1983 US visit

Queen Elizabeth II faced a potential assassination threat during a 1983 visit to the US, newly released FBI documents show....

3756. Norway warns people to stay away to protect spy whale's well-being

People should 'avoid contact' with a famous beluga whale to avoid accidentally injuring or killing it, the Norwegian Directorate of Fisheries has said....

3757. EY: 4th Women Fit for Business Program Successfully Completed

3758. Inferno engulfs Sydney building near Central Station

An “apocalyptic” blaze engulfed a building near Central Station in Sydney on Thursday afternoon, sending a massive plume of smoke into the air and causing parts of the building to collapse....

3759. 25 irregular migrants return home

Twenty-five third-country nationals who had been residing illegally in Cyprus departed for their home countries on Tuesday as part of a well-coordinated joint operation aimed at the forced return of irregular migrants, as announced by the police....

3760. The 'controversial' e-kalathi bill: House and stakeholders remain unconvinced

The e-kalathi bill fails to convince the House and stakeholders. Yesterday, the Commerce Committee of the House of Representatives held discussions on the matter, with Minister of Energy, Commerce, and Industry George Papanastasiou present....

3761. Declining rates of early school leavers: Cyprus outperforms EU target

The share of “early school leavers” (young people aged 18-24 leaving early from education and training after having completed at most a lower secondary education) has steadily decreased in the EU over the last 10 years,...

3762. EBA tightens its grip in response to sanctions

Following the uproar caused by the lists of sanctions issued by the US, UK, and European authorities, the European Banking Authority (EBA) is tightening its standards in response. ...

3763. Christodoulides: Shift allowances and overtime compensation from 2024

President Nikos Christodoulides addressed the 60th Congress of PASYDY, the Civil Servants' Trade Union, where he discussed significant developments regarding the restoration of shift allowances and overtime compensation for civil servants....

3764. Mixed weather ahead: Showers, thunderstorms, and dust in the air

Today's weather will feature a mix of conditions, including localized showers and isolated thunderstorms, primarily in the northern half of the island. As per the forecast by the Meteorological Service, the area will be influenced by weak low pressure....

3765. Cracking down on 'Conversion Therapies': Parties' positions and ethical concerns unveiled

Based on the voting patterns of the AKEL and DISY parliamentary groups thus far, it appears that the proposed law criminalizing "conversion therapies" will be presented to the Parliament's plenary session on Thursday, May 25th....

3766. Cyprus Cancer Research Institute: Scientific bridge between Europe and Cyprus

An important project for science and humanity was inaugurated on Monday, May 22, at the University of Cyprus campus, the "Nicola David – Pinedo Building" of the Cyprus Cancer Research Institute (CCRI), made possible thanks to the donation of Georgios and Kaiti David in memory of their daughter Nikola, who passed away in 2016 due to cancer....

3767. E-kalathi bill presented to Parliament

The discussion on the e-kalathi bill commences today at the Commerce Committee of the House of Representatives. This bill introduces a digital tool designed to display product prices, aiming to support the Consumer Protection Agency's efforts in monitoring the market and better protect consumer interests....

3768. Cyprus favors sanctions while taking jabs at Turkey

Cypriot Foreign Minister Constantinos Kombos has accused Turkey of shunning Europe’s sanctions against Russia, while also expressing his own country’s support for a 'proper implementation' of measures amid reports that Athens cried foul over Kiev’s proposal to blacklist Greek companies...

3769. Face recognition to replace boarding passes at Berlin airport

Berlin Brandenburg Airport has introduced a new digital service for biometric access control, making it easier for travelers to go through the controls....

3770. Meta slammed with record €1.2 billion fine over user data handling

Meta was hit with a record 1.2 billion euro ($1.3 billion) fine by its lead privacy regulator in the European Union for its handling of user information and given five months to stop transferring users’ data to the United States....

3771. Restoring a wounded reputation

Last March, a publication by the Financial Times revealed the move of three shareholders of PWC Cyprus to resign from the audit firm and establish the company Kiteserve. ...

3772. May Newsletter of K. Treppides & Co Ltd: CySEC

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....

3773. FBI agents set up shop in Cyprus

The Federal Bureau of Investigation is reportedly setting up shop in the Republic of Cyprus, with the move taking place as US-Cypriot cooperation has been expanding on multiple levels...

3774. US publishes new sanctions list with Cypriot entities, raises concerns

In a recent development, the United States released a new sanctions list on Friday (19/05), which includes the names of several Cypriot citizens and entities....

3775. President acknowledges hiring mistakes: Promises reforms for transparency

President Nicos Christodoulides has acknowledged errors in the hiring process of advisers within the Presidency and ministries. Addressing the issue of hiring a consultant at the Deputy Ministry of Culture during his statements in Larnaca,...

3776. Latest sanctions list revealed: No new Cypriot names so far

The UK announced a new sanctions list on Friday (19/05), which has been made public. However, as of now, there are no Cypriot names included in the list....

3777. CBC urges banks to embrace transformation for sustainablefuture

Constantinos Herodotou, Governor of the Central Bank of Cyprus, emphasized the need for Cypriot banks to seize the current favorable circumstances and address impending challenges during his speech at the 2023 ICPAC Mediterranean Finance Summit held in Limassol on Thursday....

3778. UK and US specialists to provide consultancy on sanctions

A group of British experts from various departments of the UK state services will visit Cyprus, with a view to providing consultancy services for establishing a National Unit for Sanctions Control,...

3779. Uber makes waves with boat travel in Mykonos

Can't find a ride to Ornos? Don't worry. The ride-hailed watercraft will carry up to eight people to different stops around the island....

3780. Kyriakides and Becerra: EU and US establish joint health task force