Search

241. Goodbye and thanks for all the halloumi!

I depart Cyprus after a little over two years as the British High Commissioner. What are my main reflections?...

242. CBC urges banks to show social responsibility despite sector’s strength

The Central Bank of Cyprus (CBC) released its annual Financial Stability Report for 2023 on Tuesday, indicating that the financial sector is overall strong and capable of handling unexpected challenges. ...

243. Five dead, 22 injured in terrorist attack

A terrorist attack on the Turkish Aerospace Industries (TAI) offices in Kahramankazan, near Ankara, resulted in five deaths and 22 injuries....

244. Bank of Cyprus shareholders moving at different speeds

CarVal Investors recently sold 3% of its 9.09% stake in Bank of Cyprus, sparking speculation that other shareholders may follow suit and sell their shares....

245. Cypriot banks sending loans abroad: A growing risk?

Yesterday, I had a conversation with someone who truly understands banking—probably more knowledgeable than many who think they do....

246. Cyprus strengthens military ties in Crete with key partners in MEDUSA-13/2024

The multinational aeronautical exercise "MEDUSA-13/2024" took place in the maritime area of Crete from 11 to 20 October 2024, with the participation of aeronautical assets and Special Operations Units from Cyprus, Greece, Egypt, France and Saudi Arabia....

247. Finance Minister stands firm on economic stability amid rising pressures

In a recent interview with Andreas Kimitris, Cyprus Finance Minister Makis Keravnos spoke candidly about his firm stance on the country’s economic stability. ...

248. Cyprus' infrastructure shines as MED9 Summit boosts tourism

249. Tatar: Turkey's guarantees are non-negotiable

The mission of Ms. Olguin has concluded. There is no need to appoint a new personal representative for the Secretary-General....

250. Global debt to exceed $100 trillion this year

Global public debt is nearing the size of the world economy, posing risks to living standards in developed nations, the International Monetary Fund (IMF) warned....

251. Bank profits in crosshairs as tax talks heat up

The future of a special tax on bank deposits paid to the state may be heading for a shift, though a final decision is not guaranteed. ...

252. Attica Bank secures US investment ahead of €672M share sale

Two major US investment funds are expected to participate in Attica Bank’s share capital increase, which takes place from October 21 to 30 and aims to raise 672.2 million euros....

253. Freedom Holding Corp. marks 5th anniversary of Nasdaq IPO with significant growth milestones

Freedom Holding Corp. (FRHC) is celebrating the fifth anniversary of its IPO on the Nasdaq Capital Market, one of the world’s leading stock exchanges. ...

254. MED9 Summit in Cyprus pushes for humanitarian aid to Gaza

At a time when the war crisis in the Middle East is intensifying, raising global concerns, the 11th summit of southern European leaders in Cyprus provided a platform for the EU to address criticism of its inaction on calls for a ceasefire. ...

255. Von der Leyen backs €5 million Paphos Haemodialysis expansion

The new Dialysis Unit at Paphos General Hospital was officially inaugurated this morning by Cyprus President Nicos Christodoulides and European Commission President Ursula von der Leyen....

256. Jordan's King Abdullah joins MED9 Summit for key security talks

Leaders from nine Mediterranean nations convened in Cyprus on Friday for the MED9 Summit, reaffirming their commitment to tackling shared challenges. ...

257. Cyprus and Greece strengthen defense ties in ''Iris - 2024'' exercises

The final phase of the ''IRIS - 2024'' exercise, part of the Transatlantic Tactical Post-Troop Exercise (TAMS), took place in Kalo Chorio with the notable participation of two F-16 fighter aircraft from the Hellenic Air Force. This marks their first involvement since 2019....

258. 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. ...

259. 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....

260. Bridging divides: Celebrating German Unity Day in Cyprus

Last night, the German Embassy in Cyprus hosted a vibrant reception at Chateau Status to celebrate the 34th anniversary of German Unity Day....

261. Caught between a rock and a hard place

According to Kathimerini's Manolis Kostidis, Turkey is navigating a tense situation following Iran's recent missile strikes on Israel....

262. 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. ...

263. Israeli airstrike hits Beirut, killing six in escalating conflict

Israel bombed central Beirut early Thursday, killing at least six people, following its deadliest day on the Lebanese front in a year of clashes with Hezbollah. ...

264. New Chief and Deputy Chief of police sworn in amid calls for action

The confirmation ceremony for the new Chief of Police, Themistos Arnaoutis, and Deputy Chief of Police, Panikos Stavrou, took place today at the Presidential Palace, with President Nikos Christodoulides and other government officials in attendance....

265. Cyprus credit rating upgrade: A boon for investors, but what about citizens?

Cyprus has recently received good news from the credit rating agency Capital Intelligence (CI), which upgraded the country’s credit ratings, according to Kathimerinni's Dorita Yiannakou. ...

266. ''Does anyone in this country ever take responsibility?''

Shortly after the Supreme Court decided to dismiss Odysseas Michaelides, while society and the political system were already beginning to polarize, the president of the coalition's Democratic Party posted pictures of his family vacation in London....

267. Cyprus braces for migrant surge as war in Lebanon intensifies

A year after hostilities erupted in Israel, the conflict has now expanded to Lebanon, reigniting fears about the stability of the Middle East....

268. Electricity subsidies and zero vat on essentials to end on October 1st

The Ministry of Finance announced today that starting October 1, 2024, it will stop the staggered electricity subsidy and the zero VAT rate on basic goods. These measures were designed to help households deal with rising costs of living....

269. Turkish warships to anchor in occupied Cyprus for naval celebrations

The Turkish warships TCG Meltem (P-334) and TCG Bartın (F-504) are set to anchor in the occupied territories on September 27 as part of celebrations marking the ''Victory of Preveza'' and the ''Day of the Naval Forces,'' according to a report by Bayimsiz Gazette....

270. Two leaders, two visions for Cyprus

Significant developments emerged during the recent United Nations General Assembly (UNGA) as Turkish President Tayyip Erdogan reiterated his support for a two-state solution in Cyprus,...