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61. Cyprus approves €35M plan for high-speed internet in rural areas

Cyprus Commissioner for state aid control Stella Michaelidou announced the approval of a €35-million subsidy scheme aiming to create very high capacity network (VHCN) connectivity in mainly rural areas that do not attract private sector interest....

62. Fuel companies announce significant price hikes

Looking at the average prices across Cyprus, we found that the average price of unleaded 95 petrol increased yesterday afternoon, Tuesday, compared to the morning, and now stands at 1.5 euros per liter....

63. Cyprus approves €361M supplementary budget for 2023

With criticism against the government's agreement for the purchase of the Metropolitan building, which will house the Ministry of Labor and Social Insurance, the Plenary of the House of Representatives approved the supplementary state budget amounting to €361 million....

64. €2,500 allocated for bus stop development amid outrage

Pictures that have come to light in recent days have stirred up a wave of anger. One shows an elderly woman waiting for the bus at a shelterless stop in the July heat, leaning on a lamppost and holding her cane and shopping bags in her hands....

65. Double impact on gas station owners

Citizens are in turmoil following the termination of reduced special consumption tax rates on transportation and heating fuels, which resulted in increases of 8.32 cents in gasoline and diesel, and 6.83 cents in heating fuels. ...

66. Cabinet pulls plug on fuel subsidies

Temporary fuel state subsidies are set to expire before the weekend in the Republic of Cyprus, after the finance minister announced an extension could not be justified...

67. Health Ministry increases IVF subsidy to boost fertility rates

In an effort to combat under-fertility and bolster population growth, the Council of Ministers has approved a proposal to revise the subsidy scheme for infertility treatment in Cyprus. ...

68. Cyprus's slow ride on the electric car bandwagon

We are slowly rushing towards zero-emission transportation. The data from new vehicle registrations indicate that while the numbers are increasing, the percentage of electric cars on Cypriot roads remains limited....

69. 380 CYTA employees on the brink of departure

In an effort to further reduce operational expenses and renew its workforce, Cyta has implemented another voluntary employee exit plan, targeting individuals who meet specific conditions....

70. Taxpayer funded ferry to Greece begins new season

Ferry ship Daleela begins today its first voyage marking the new season’s maritime connection between Limassol and Piraeus, which has been welcomed by the Deputy Minister for Shipping, Marina Hadjimanolis and Limassol Mayor Nicos Nicolaides...

71. State dough for families with three or more in tow

Thousands of families receiving state benefits for having three or more children in the Republic of Cyprus are to expect an additional one-time wire transfer just in time for summer...

72. 3,000 Ukrainian refugees to be evicted from hotels by end of month

Cypriot authorities plan to evict about 3,000 Ukrainian refugees currently living in hotels in Cyprus by the end of this month....

73. Government continues measures to counter inflationary pressures

The government of Cyprus has decided to continue measures aimed at countering inflationary pressures, including an extension of a subsidy on electricity consumption and a reduced excise tax on fuel....

74. €130M grant plan proposed for 358 refugee apartment buildings

In an effort to effectively manage buildings in government housing estates and address observed structural issues, the Ministry of Interior has prepared a comprehensive Sponsorship Plan to be presented at Friday's Cabinet meeting. ...

75. Lawmakers discuss special energy plans for refugees and large families

Lawmakers in Cyprus are urging relevant agencies to create two special plans for the installation of photovoltaics, energy-saving, and subsidizing electric mobility for refugees and large families....

76. No dignity for elderly refugee thanks to government

An elderly refugee, who is facing health problems and lives in one of the 43 unrepairable refugee apartment buildings without a lift, is confronted with a harsh reality in the twilight of his life....

77. Keravnos urges banks to restructure loans and keep rates low

Cyprus Finance Minister Makis Keravnos has urged banks to restructure loans, maintain low lending rates and bank charges, and increase deposit rates in light of continued basic rate hikes by Central Banks. He warned that otherwise the government "would make different thoughts."...

78. Legalities and time constraints delaying repairs of refugee apartments

Attempting to overcome legal and time constraints in the construction of refugee apartment buildings...

79. Proposed bill gives women easy access to medically assisted reproduction

The House Health Committee of Cyprus has discussed a bill amending the law on medically assisted reproduction....

80. Petrol stations open their doors to electric mobility

Petrolina Holdings Public announced last month the installation of the first state-of-the-art electric vehicle rapid charging charger at its petrol station in Larnaca's GSZ district....

81. KEDIPES: Interest subsidies for good loans in 2023

As a reward for borrowers who stick to the repayment schedule of their credit facilities for the year 2023, KEDIPES is moving forward with an interest subsidy for restructured credit facilities that have the ECB base rate as their base rate....

82. Electricity subsidies extended for another two months

The Council of Ministers, which convened on Wednesday for the last time under outgoing President of the Republic Nicos Anastasiades, approved the extension of a subsidy for the cost of electricity consumption as well as reduced excise for specific products....

83. The 'Baby Grant' continues: Amounts and Benefits

It is still possible to receive the "Baby Grant" which is a subsidy of 1,750 euros given to eligible recipients and includes supplies such as furniture, linens, items for personal hygiene and care, and clothing for up to two years....

84. Cyprus drives hard bargain on EU migration money

Outgoing Cypriot President Nicos Anastasiades will note the disproportionate burden for the Republic of Cyprus due to the increased migration flows, during the European Council summit taking place on Thursday and Friday in Brussels, highlighting the instrumentalization of the migration issue by Turkey...

85. Nearly 60 million euros in electricity subsidies doled out since September 2022

86. Half a billion euro investment in digital transformation

Over the next five years, a little more than half a billion euros (€512 million) will be set aside for digital transformation. ...

87. North buys car ferry in new trade-tourism bid

Turkish Cypriots have reportedly bought a Ro-Ro ship that will sail between the island’s northern coast and southern Turkey, as new avenues are being sought to boost tourism and transport...

88. Cabinet: Nine more citizenships revoked

The Council of Ministers today confirmed its previous decision to deprive three investors and six of the dependents of their citizenship status following the expiration of the deadline for objections and the completion of the procedures in the competent committee....

89. Spain's irregular migration decreased by 25.6% last year

Data provided by the Spanish Ministry of the Interior has revealed that irregular immigration to Spain during the past year decreased by 25.6 percent, from 41,945 arrivals recorded in 2021 to 31,219 in 2022....

90. Cyprus rolls out new scheme to subsidize e-vehicles

The budget for subsidizing the purchase of electric vehicles and withdrawing old cars, motorbikes, mopeds and bicycles is at €10 million Transport Minister Yiannis Karousos has said...