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331. Greek government to sell its stake in Piraeus Bank, anticipates high demand

Greece will proceed with the complete divestment of the state from Piraeus Bank with the disposition of the 27% it controls through the Hellenic Financial Stability Fund (HFSF)....

332. Phone ringing, debt ignored: Cyprus faces loan repayment hurdles

Despite efforts to reduce Non-Performing Loans (NPLs) in Cyprus, the lingering burden continues to weigh heavily on the country's economy and society....

333. Cyprus government achieves significant debt reduction in 2023

The Cyprus government reported that the island nation ended 2023 with a debt of €22.4 billion, constituting around 99% of the Republic of Cyprus' total debt. This marks a notable reduction of €689 million or 3% from the corresponding period in the previous year....

334. Cyprus delays 15% multinational tax enforcement

Cyprus has yet to enforce the new EU rules introducing a minimum effective tax rate of 15% for multinational corporations operating within EU member states....

335. A tale of two nations, Greece's stability amidst America's unraveling

It’s a strange thing: Greece has become a relatively predictable, politically stable country. I wouldn’t say boring, because we still have a long way to go. At the same time, the United States is no longer the predictable, stable country we used to know....

336. EU unveils stricter fiscal rules for member states

The European Commission has introduced new fiscal rules aimed at promoting growth and financial discipline among member states. The framework, ...

337. Minister Kombos to support 13th Russian sanctions package

Cyprus supports the 13th package of sanctions against Russia, Foreign Minister Constantinos Kombos said during the Foreign Affairs Council in Brussels on Monday....

338. Banks urged to accelerate loan restructurings

The governor of the Central Bank has shed light on the strategy for restructuring Non-Performing Loans (NPLs) and navigating credit risk management....

339. German President Steinmeier welcomed by President Christodoulides

In a landmark diplomatic encounter, President Nikos Christodoulides warmly welcomed German President Frank-Walter Steinmeier today at the Presidential Palace, marking the first official visit by a German head of state to the Republic of Cyprus....

340. Sweden to send troops to Latvia amid Hungary's NATO opposition

Sweden is poised to bolster its military presence in Latvia, signaling a significant step toward potential NATO membership despite ongoing resistance from Hungary....

341. US Ambassador: Cyprus vital for regional stability

In an era defined by conflict and rapidly changing geopolitical landscapes we see just how crucial Cyprus’ role is as a secure pillar of stability in the Eastern Mediterranean region, US Ambassador Julie Fisher said Thursday, addressing an event at the University of Cyprus....

342. Porsche unleashes powerhouse Taycan with enhanced performance

Higher, faster, further and coming to Porsche Centres in the spring of 2024....

343. UN envoy Cuellar initiates diplomatic odyssey in Cyprus talks

Maria-Angela Olguin Cuellar has been in Athens since Monday morning, following her departure from Cyprus, where she engaged with key figures including the former President, Nikos Anastasiades......

344. Bank of Spain governor to engage in economic talks with Cyprus officials

345. Biden praises job growth, declares US economy 'strongest in the world'

President Joe Biden lauded the robust jobs report released on Friday, touting it as evidence of the United States possessing the world's strongest economy....

346. Biden enacts sanctions against Israeli settlers in West Bank

The executive order issued by President Joe Biden on Thursday targets Israeli settlers accused of violence against Palestinians and Israeli peace activists in the West Bank....

347. EU leaders reach agreement on 50-billion-euro fund for Ukraine amidst Orban standoff

European Union leaders, after weeks of tense negotiations, have secured a breakthrough agreement, compelling Prime Minister Viktor Orban of Hungary to endorse a 50-billion-euro fund for Ukraine....

348. Government raises minimum wage to €1000, boosting income for 25,000 workers

In a move aimed at bolstering the income of low-wage earners, the Ministry of Labour and Social Insurance has announced a significant rise in the National Minimum Wage, effective this January....

349. WHO battles access issues in Gaza hospitals amidst conflict

In the ongoing Israel-Hamas conflict and escalating tensions in the Middle East, recent developments have heightened concerns over regional stability and maritime security....

350. China threatens to sever business ties with Iran over ship attacks

Recent diplomatic talks between Chinese and Iranian officials have brought to light China's pressing concern over Houthi attacks on ships in the Red Sea, allegedly backed by Iran....

351. Macan sets new standards: the first all-electric SUV from Porsche

352. Netanyahu rejects Hamas ceasefire, stresses security concerns

Saudi Arabia's foreign minister, Prince Faisal bin Farhan, emphasized in a recent CNN interview that the kingdom won't normalize relations with Israel or contribute to Gaza's reconstruction without a credible pathway to a Palestinian state....

353. Congress urges Biden: Host Cyprus President at the White House

Greek-American US Congress members of the Hellenic Caucus have sent a letter to US President Joe Biden, urging him to formally welcome the President of Cyprus, Nikos Christodoulides, to the White House, on the occasion of the 50th anniversary of the Turkish invasion of Cyprus....

354. EU urges Turkey to halt actions disrupting regional stability in Cyprus

The European Commission has issued a call to Turkey, urging the cessation of threats and actions that disrupt good neighborly relations. ...

355. House President praises France’s support for Cyprus in Paris meetings

The strategic cooperation between Cyprus and France in the key sectors of security, defence, energy, tourism, trade and education and the mutual will to further deepen them, were emphasised by the President of the Parliament Annita Demetriou and French officials, with whom she met on Wednesday as part of her visit to France....

356. Central Bank chief cautions on early rate cuts amid global tensions

Central Bank Governor and European Central Bank (ECB) member Constantinos Herodotou stated that discussions regarding interest rate reductions are premature, given ongoing geopolitical conflicts and potential disruptions in the supply chain arising from tensions in the Red Sea....

357. Houthi rebels launch anti-ship missile at US destroyer in Red Sea

Yemen's Houthi rebels fired an anti-ship cruise missile at the USS Laboon, an American destroyer in the Red Sea. The missile was shot down by a U.S. fighter jet in the latest attack unsettling global shipping....

358. Cyprus protests British Bases' role in Gaza conflict

Hundreds of people gathered on Sunday morning outside the Akrotiri Base, in Limassol district, in Cyprus, with placards, flags and shouting slogans, protesting the involvement, as they say, of the British Bases in Cyprus in Israel's war in Gaza....

359. Dr. Anastasatos forecasts bright future for Cyprus economy

Eurobank group's chief economist, Dr Tasos Anastasatos, expresses optimism about the Cyprus economy, emphasizing that the decision to expand the group's banking presence in Cyprus is linked to these positive economic prospects....

360. Putting the new Macan through its paces in the name of performance and efficiency

Porsche is putting the prototype of the all-electric Macan through an exacting and gruelling test programme to prepare the follow-up to the successful SUV for its upcoming world premiere. ...