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61. Cyprus development expenditure: 2023 surpasses €1B

The realization of state budget development expenditure in 2023 reached 72% compared to 70% in 2022 and the average of 69% over the last decade, according to a Treasury report released on Wednesday....

62. US strikes target Iran-backed groups in Iraq and Syria after troop attack

In response to an attack that claimed the lives of three American troops in Jordan last weekend, the United States has launched strikes on Iraq and Syria....

63. 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....

64. Finance Ministry undergoes administration overhaul

65. US sanctions hit four Cyprus entities tied to Russian defense

In a strategic move, the United States Treasury Department has unveiled a targeted set of sanctions aimed at four legal entities associated with Cyprus....

66. US imposes sanctions on three Cyprus based entities

The US Department of Treasury’s Office of Foreign Assets Control (OFAC) announced new sanctions against individuals assisting the Russian defense industry, involving Cyprus-based entities....

67. New US sanctions target Cyprus over Russia connections

Four individuals and two legal entities related to Cyprus are included in a new US list of sanctions imposed due to Russia's offensive against Ukraine....

68. 5,000-year-old wine discovered in Queen's resting place

Sealed jars of wine from 5,000 years ago have been uncovered amongst the grave goods found in an Egyptian Queen’s tomb....

69. Italian court awards €130,000 to great-grandson of World War II victim

Relatives of six Italian men hanged by German troops during World War Two are set to receive hundreds of thousands of euros in compensation for their families' trauma....

70. Key Wagner figures among victims in jet crash

Yevgeny Prigozhin, the 62-year-old head of Russia's private military company Wagner, known for his leadership in a mutiny against the Russian military in June, along with his company's top military figure, Dmitry Utkin,...

71. Cyprus faces deceleration amid inflation and rising rates

Cyprus' economy experienced a slowdown in the second quarter of 2023, prompting inquiries about the situation. According to the preliminary estimate provided by the Statistical Service, ...

72. $280B lost in fraud and mismanagement of US Covid relief aid

A recent investigation conducted by the Associated Press has exposed a rampant wave of fraud and mismanagement in the distribution of federal COVID-19 relief aid in the United States....

73. Former US-based bank executive to lead Turkey's Central Bank

Turkish President Recep Tayyip Erdogan on Friday appointed a former U.S.-based bank executive to head Turkey’s central bank, in another sign that his administration might pursue more conventional economic policies....

74. US publishes new sanctions list with Cypriot entities, raises concerns

In a recent development, the United States released a new sanctions list on Friday (19/05), which includes the names of several Cypriot citizens and entities....

75. US expected to release new sanctions list in coming hours

In a long-awaited move, the United States is anticipated to unveil a new sanctions list within the next few hours. ...

76. Expanding Profitability and Strengthening Capital Position

Group Financial Results for the year ended December 31, 2022...

77. The unintended consequence: How Our online history built the AI industry

The AI boom is built on data, the data comes from the internet, and the internet came from us....

78. President anticipates information on sanctions today

We will probably receive on Friday the first concrete information that we have requested as regards the sanctions imposed to persons and legal entities in Cyprus, President of the Republic, Nikos Christodoulides has told CNA, adding that Cyprus is in contact with the USA and the UK on a daily basis about this issue "with a view to having all the information before us, so that the competent authorities of the Republic of Cyprus will do what they have to do."...

79. President willing to assist investigation into sanctions

President of the Republic, Nikos Christodoulides, has contacted a US administration high-ranking official expressing the government's will and determination to look into the cases of natural and legal entities in Cyprus that have been included in the US list of sanctions for facilitating Russian oligarchs who are subject to sanctions, asking for more information that will facilitate this investigation, Government Spokesperson, Konstantinos Letymbiotis, has told the Cyprus News Agency (CNA)....

80. Assets of US and UK sanctioned entities in Cyprus will be frozen

Cypriot individuals and entities included in UK and US sanctions list will see their assets in the Cypriot banking system frozen and will not be able to carry out any banking transaction in Cyprus, Marios Skandalis, Chief Compliance Officer of Bank of Cyprus, the island’s largest lender has said....

81. Washington targets Russian enablers in Cyprus

A US list further curbing Russia’s access to the international financial system through facilitators and their businesses includes Cypriot nationals and Cypriot businesses...

82. UBS steps in to buy rival Credit Suisse

Some of the world's largest central banks came together on Sunday to stop a banking crisis from spreading as Swiss authorities persuaded UBS Group AG to buy rival Credit Suisse Group AG in a historic deal...

83. 1,300 loan applications submitted for Oikia scheme

Applications for 1,318 potentially eligible loans involving a total amount of €131.1 million were submitted under the Oikia scheme, which is a loan management plan with government funds granted under Government Housing Plans....

84. Banks around the world feel force of SVB fallout

U.S. President Joe Biden vowed to do whatever was needed to address a threatened banking crisis after the collapses of Silicon Valley Bank and Signature Bank forced regulators to step in with emergency measures....

85. HSBC buys failed Silicon Valley Bank in bid to stem fallout

Governments in the UK and the U.S. took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down....

86. 'K' reveals the salaries of N. Christodoulides and his ministers

Cyprus has been waiting since Monday for the names of the new Cabinet and the rest of the group of state officials who will take office. As President-elect Christodoulides continues to scout for his ministers, K's sources are saying that the new Cabinet will be firmly in place during the upcoming week, closer to the day of the 'changing of the guard' at the Presidential Palace....

87. 'Mortgage to rent' plan approved

The Cabinet has approved the Treasury's proposal to establish a "rent versus installment" scheme known as mortgage to rent....

88. Washington stops short of tongue-lashing Nicosia

Washington says there is no new policy to announce regarding a recent arms embargo lift on the Republic of Cyprus, following news that US sanctions have been imposed on several dealers including individuals who are based on the island...

89. A large number of foreclosure notices to be sent tomorrow

Today, Tuesday, January 31, 2023, marks the end of the most recent three-month suspension of divestments imposed by a resolution of the House of Representatives. ...

90. The 2023 Budget in the vortex of the elections

The government of President Anastasiades has just submitted its final budget, for 2023. DISY will undoubtedly support the budget, but it will be interesting to see what position it will take if and when the polls are confirmed....