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331. 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...

332. Cyprus' 2022 household assets reach €59.7B, debt at €20B

In December 2022, the total value of financial assets held by households was €59.7 billion. Out of this amount, 62% was invested in currency, deposits, and loans, 2% was allocated to debt securities, 19% was invested in stocks, and the remaining 17% was invested in other types of financial instruments....

333. Non-performing loans in Cyprus rise to €2.32 billion in January 2023

Non-performing loans (NPLs) rose by €12.8 million in January 2023 compared with December 2022, amounting to €2.32 billion or 9.5% of total loans....

334. The real estate industry's crucial turning point

The European Parliament recently approved a new bill that aims to tackle climate change by reducing carbon emissions. This new legislation has significant implications for the property markets in Cyprus and Greece, where there is a large stock of buildings over 30 years old and requiring energy upgrades....

335. 'The goal is 1,000 voluntary returns per month,' says Ioannou

The government of Cyprus has outlined a four-pillar plan to address immigration issues, according to Interior Minister Konstantinos Ioannou. The first pillar is to limit the flow of asylum seekers entering Cyprus, followed by managing asylum applications and reception areas more efficiently....

336. 'Everything is a party'

Well, well, well, if you have a seat and some showmanship experience, apparently everything becomes a piece of cake and the gold dust blinds you from reality. ...

337. Strovolos authorities ramp up efforts to locate dangerous pack of dogs

Efforts to locate the pack of stray dogs roaming the Strovolos 'Gramiko' park have been ongoing since Saturday, April 15th, with the assistance of the Dog Branch of the Cyprus Police....

338. The new four-legged resident of the Presidential Palace (photo)

In addition to Nikos Christodoulides and his family, the Presidential Palace also houses the family's four-legged friend, Nala, a golden cocker spaniel. ...

339. Three major concerns of ECB regarding Cypriot banks

Although Cypriot banks have made great progress over the last decade, foreign supervisors have reservations and summarise their concerns in three areas....

340. Bunny with a badge: Rabbit joins police force in California

The Yuba City Police Department in northern California includes a SWAT team, an anti-gang unit, a canine unit with three active dogs — and a rabbit....

341. Nicosia says US army links not against Turkish Cypriots

Greek Cypriots are rejecting Turkish Cypriot claims that American actions disrupt balance on the divided island, following the recent docking of a US attack submarine in Limassol, with Nicosia accusing the north of regurgitating Ankara’s longstanding criticism...

342. Leaked Pentagon docs prompt ally denials

A large cache of what appear to be classified Pentagon documents circulating on social media channels is becoming a growing source of anxiety for US intelligence agencies, as numerous allies have been forced into denials over the purported leaks....

343. Protecting EU borders: The rise of border walls against third country migrants

The increasing number of illegal migrants reaching the European Union and Schengen Area Member States has pushed states to take different approaches to tackle their activity, including erecting walls or physical barriers at the borders....

344. Pascal high school students create ChatGPT-powered robot to revolutionize teaching

High school students and their tutors in Cyprus have developed a prototype robot powered with ChatGPT artificial intelligence technology to harness and improve teaching experiences in the classroom....

345. AstroBank: Agricultural land for sale across Cyprus

AstroBank has listed for sale agricultural land across Cyprus....

346. Barack Obama: Murdoch divided Western societies

Barack Obama has suggested that Rupert Murdoch’s media empire has led to greater polarization in western societies through news coverage designed to “make people angry and resentful”....

347. 'Cyprus banking system ready to absorb shocks'

Tasos Yasemidis, an economist, spoke to "SPOR FM 95.0" and the "DIASPORA NEWS" show about the deal for the acquisition of Swiss bank Credit Suisse by UBS and how it affects the banking sector in Cyprus, ...

348. TechIsland Association Launches the 1st Annual TechIsland Awards to recognize outstanding contributions to the tech industry in Cyprus

The TechIsland Association is excited to announce the launch of the TechIsland Awards, a new annual award program designed to recognize and celebrate the outstanding contributions of individuals, companies, and projects that are making a significant impact on the development and growth of the tech and innovation industry in Cyprus....

349. Digital app to compare product prices in the works

Following the withdrawal of the Household Basket proposal in Cyprus, the Consumer Protection Service is now promoting the preparation of a bill for the implementation of a digital tool that will enable the daily comparison of retail prices of products....

350. Criticism grows as Europe pushes to restrict cars in cities

In an effort to ease traffic congestion and curb greenhouse gas emissions causing climate change, municipalities from Barcelona to Brussels have embarked on what has been called a “transportation revolution.”...

351. Parisian opera house that inspired ‘Phantom of the Opera’ becomes an Airbnb

For a limited time only, a Parisian opera house box seat typically reserved for visiting dignitaries is being transformed into an Airbnb and priced for the ridiculously reasonable €37 per night....

352. Kombos sets European tone during handover of duties

Cyprus’ new Foreign Affairs Minister Constantinos Kombos has set the tone of the new administration’s foreign policy, stressing a commitment to EU integration and the need for reunification with UN parameters...

353. Companies laying off employees to hire new ones at lower salaries

Keri and other recruiters say that candidate offers are now much lower and look more like those from 2019 — before the pandemic kicked off the Great Resignation, before Big Tech went on a hiring spree, and before anyone had heard of "quiet quitting."...

354. 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)....

355. US-Ireland work exchange program extended for another 5 Years

The Irish authorities have announced that the country has signed a statement of intent with the US to extend the US-Ireland Working Holiday/Intern Work and Travel Programme for another five years....

356. US looking for wreckage of a possible Chinese spy balloon

US Navy divers are working to recover the wreckage of the Chinese surveillance balloon that was shot down off the coast of South Carolina....

357. Secrets of the A380: What passengers never see

358. Chinese spy balloon lingers over the US

A Chinese spy balloon has been flying over the United States for a couple of days, U.S. officials said on Thursday, in what would be a brazen act just days ahead of a planned trip to Beijing by U.S. Secretary of State Antony Blinken....

359. The 8,000 euro electric car is coming to Europe

BYD is preparing to launch the new Seagull electric city car, which will offer a range of 300 km and a plethora of features in addition to an affordable price of around 8,000 euros, depending on the exchange rate....

360. Wronged worker slams Cyprus over migration crisis

Thousands of asylum seekers in Cyprus were sent back to their countries last year but one foreign worker, who feels he has no good options following a dispute with his employer, says many people who come to work on the island are forced to seek asylum because the system is not in their favor...