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91. Cyprus to extend FTX EU license suspension

Cyprus’ securities regulator plans to extend the suspension of the license of FTX EU and will meet to discuss the matter next week, a spokesperson said on Tuesday...

92. Power cuts averted as energy grid clash rages on

Electricity Authority of Cyprus (EAC) workers' unions announced the suspension of the measures scheduled for Wednesday, after an extraordinary meeting with the Minister of Labour and Social Insurance, Kyriakos Kousios and the agreement to arrange as soon as possible 'and in any case within the next week' a meeting with the Ministers of Energy and Finance on the issues of concern ...

93. Sex education becomes law after President signs bill

Today, the President of the Republic went on to sign the sex education legislation that was approved by the Parliament....

94. EU Parliament VP suspended on serious corruption charges

The Belgian judiciary has arrested four people as part of an investigation into a corruption case involving bribery from Qatar, while two others have been released....

95. Do officials care about the violence on the football pitches?

96. Nicosia stays course as economic growth loses steam

Cypriot public finances have improved due to increased growth, although they are expected to be adversely affected due to a projected slowdown in the next few months, according to the 13th Post-Programme Surveillance Report for Cyprus...

97. Cyprus gets taste of EU’s €85 million with a caveat

Cyprus will get Friday the first tranche of €85 million from the EU's Recovery and Resilience Mechanism, with European Commission technocrats also pointing to repeated suspensions of foreclosures in Cyprus that create problems in terms of achieving the goal of further reduction of NPLs...

98. Anastasiades: 'No one can portray me as a corrupt person'

It is not possible for anyone to make allegations that the President is involved in corrupt or even criminal acts without the matter being investigated by the appropriate authorities, said the President of the Republic Nicos Anastasiades today....

99. Larnaca headmaster in the hot seat again

The principal of a high school in Larnaca who had expelled dozens of students at the beginning of the school year due to their haircuts is in the hot seat again. ...

100. More Russians visiting Spain despite EU sanctions

The number of Russian nationals who are reaching Spain for travel purposes keeps increasing despite flight sanctions continuing to remain in place....

101. 14 billion euros of loans on ice due to the suspension of foreclosure sales

In Cyprus, credit purchasing companies manage over 80,000 loans totaling €20 billion....

102. The consequences of continuing foreclosure suspensions

Lambros Papadopoulos, President of the state-owned asset management company, KEDIPES, warned on Tuesday that the continued suspension of foreclosures will negatively affect the company’s revenue from non-performing loans (NPLs) management resulting in a reduced repayment of state aid....

103. 'The suspension of foreclosure sales is tragic for the country'

Bank of Cyprus CEO Panicos Nicolaou described Cyprus's decision to extend the suspension of divestments as "tragic."...

104. Girls accuse male teacher of sexual harassment

A male teacher at a junior high school in Limassol has been remanded in custody after a group of female students have accused him of sexual harassment in the classroom...

105. Who benefits from the proposed rent-to-mortgage scheme?

The "Rent vs Instalment Scheme", now known as the "mortgage to rent" scheme, is nearing completion, with implementation set to begin in January 2023. ...

106. FTX's European operations suspended indefinitely

The company is taking a wait-and-see approach until further notice in order to deal with FTX International and the more than $8 billion hole it has created...

107. President defers foreclosure mess to attorney general

Cypriot President Nicos Anastasiades has refused to veto legislation that suspends foreclosures yet again until February 2023, essentially calling on the attorney general to examine the constitutionality of the bill as the issue on the presidential election campaign trail continues to heat up...

108. Finance Minister calls for the repeal of foreclosure suspension

The Ministry of Finance proposes delaying the law on divestiture suspension. ...

109. Eliades: 'Cyprus a haven for every kind of illegal activity' thanks to government

The preliminary findings of the report issued by the PEGA investigation committee, the works carried out at the Limassol Municipal Garden, and the delimitation of the Exclusive Economic Zones between Cyprus and Greece were the subject of press releases issued by presidential candidates on Wednesday....

110. Foreclosures on primary residences suspended until February 2023

The Association of Credit Acquisition Companies and Credit Facilities Managers (SEDP) announced on Thursday the suspension of foreclosures on the primary residences of vulnerable borrowers until February 2023. ...

111. Looking for a strategy to suspend foreclosure sales

To protect vulnerable borrowers and stop the economy from being impacted by decisions that could harm its integrity, a strategy for the new potential three-month suspension of foreclosure sales is being sought. ...

112. Cyprus adopts litmus test on visas for Russians

Russian citizens wishing to travel to Cyprus will soon need to prove they do not support their president Vladimir Putin, with reports confirming the Cypriot government joined stricter EU-wide measures half a year after Ukraine’s president called on Nicosia to get tough on the island’s Russians...

113. Cyprus to charge €80 to Russians applying for tourist visas beginning December 1

Cypriot authorities have announced that the country will no longer apply facilitated rules for citizens of Russia applying for tourist visas....

114. Ten prison suspensions as police probe inmate’s murder

Ten guards and employees of Nicosia’s central prison have been suspended as police investigate the murder of a Turkish Cypriot inmate, with many details emerging but not adding up as suspects already in custody were thought to be friendly with the victim...

115. Cyprus police investigate murder of prison inmate

A prison inmate serving a multiyear sentence in Nicosia was found dead in his cell on Thursday, with reports saying the man’s body showed signs he was badly beaten while correctional officers say nothing was out of the ordinary prior to the incident...

116. Wim Van Aken talks recession and the predictions for Cyprus

We are facing a double shock. First, we had the Covid-19 shock and now the global and European economies are facing a new shock with the war in Ukraine. Both events are unprecedented for many of us....

117. Rishi Sunak to become Britain's next Prime Minister

Britain's new prime minister is Rishi Sunak. Penny Mordaunt, the only candidate left standing for the Conservative leadership following Boris Johnson's withdrawal yesterday, has also withdrawn from the race, paving the way for Sunak to take over as Prime Minister....

118. Companies fined for safety violations resulting in the death of a worker

Two companies were fined €19,000 and two people received suspended prison sentences as a result of criminal investigations into health and safety at work violations that resulted in the death of an employee and the endangerment of others at work. ...

119. Erdogan convenes meeting to discuss sanctions on Russia in possible turnaround

Turkish President Tayyip Erdogan will convene a top-tier economy-focused meeting on Friday at which Russian payment system Mir and possible Western sanctions will be discussed, two sources with information on the matter told Reuters....

120. Two Turkish banks suspend Russian Mir payments after U.S. sanctions

Turkish lenders Isbank and Denizbank have suspended the use of the Russian payment system Mir, the banks said on Monday, following a U.S. crackdown on those accused of helping Moscow skirt sanctions over the war in Ukraine....