CBC eyes higher capital requirements for Cypriot banks
The Central Bank of Cyprus (CBC) on Friday said that it is assessing the capital needs of banks in light of escalating macroeconomic and geopolitical risks.
Speaking during a briefing ...
Court throws out Aykut’s objections, plea set for January 13
The Nicosia criminal court on Friday rejected Israeli property developer Simon Mistriel Aykut’s objections to his trial, and set his next hearing for January 13, when he is set to ...
Two in court accused of making over $30k from human trafficking
Two men appeared in court in northern Nicosia on Friday, accused of making exactly $30,400 (€29,243) by trafficking people into the north from Sri Lanka.
Police officer Yaren Yemenicioglu told the court ...
Ten-year prison sentence for rape and kidnapping case
A 52-year-old man has been sentenced to ten years in prison for the rape and kidnapping of a woman in 2022 in Famagusta.
The man was found guilty by the Famagusta ...
Cyprus Leads in poisoned bait incidents
Cyprus leads in the use of poisoned baits compared to other countries, with alarming incidents recorded throughout 2023, according to a BirdLife Cyprus and game and fauna service announcement. During the ...
Govt sets out rules for employment of third-country nationals
The labour ministry on Friday set out the government’s new rules regarding the employment of third-country nationals in Cyprus who are either students or high earners.
For high earners, ...
Education ministry approves school air-conditioning funding
The second wave of air-conditioning for schools has been approved by the education ministry, as well as the landscaping of two adjoining schools, with a budget of €1.5 million, chairwoman of ...
Paphos mayor reports €30m health sector scandal
A new health scandal surfaced on Friday regarding the embezzlement of more than €30 million for neurolysis over a period of two years, with treatments allegedly skyrocketing from 100 per year before ...
EU fisheries chief highlights Cyprus’ challenges
Plastic pollution and invasive species are among key issues fishers are facing in Cyprus, EU Commissioner for Fisheries and Oceans, Costas Kadis said on Friday.
Kadis was speaking from the ...
Unficyp peacekeepers injured after clash with farmers
The United Nations filed a formal police report on Friday after two peacekeepers were injured and three UN vehicles were damaged during a confrontation with Greek Cypriot farmers in the ...
Banks slash interest rates for vulnerable borrowers
Bank of Cyprus and Hellenic Bank on Friday announced a new raft of measures aimed at supporting vulnerable borrowers.
The developments come after meetings at the presidential palace earlier in ...
Buffer zone fence to go on January 9
Efforts to remove the fence across the Green Line will begin on January 9, it was reported on Friday.
Deputy Migration Minister Nicholas Ioannides informed cabinet on Wednesday that the contentious ...
Restoration work planned for many heritage sites next year
Numerous restoration projects at Greek and Turkish Cypriot heritage sites are planned for 2025, the bicommunal Technical Committee on Cultural Heritage said on Friday.
Greek Cypriot co-chair of the committee Sotos ...
Registration for school moves online
Parents of next year’s first year primary school students can now register their children online, the education ministry announced on Friday as part of efforts to modernise the registration ...
Cyprus GDP growth forecast for 2024 revised upwards
The Central Bank of Cyprus (CBC) has revised its GDP growth forecast for 2024 upwards by 0.2 percentage points, now expecting growth of 3.7 per cent.
The revision is attributed to stronger domestic ...
Over 100 helped by Paphos rehabilitation centre in 2024
A total of 114 people have been helped this year at the Tolmi drug rehabilitation centre in Paphos, its chairwoman said on Friday.
It said drug and alcohol abuse in Paphos ...
Syria, Turkey zone unacceptable without Cyprus, says Mitsotakis
Delineating an exclusive economic zone (EEZ) between Turkey and Syria, which would disregard Cyprus’ sovereign rights, will not be accepted, Greek Prime Minister Kyriakos Mitsotakis has said.
Speaking at a ...
Two plead not guilty to double murder charges
Two defendants charged for the double murder in Arakapas earlier this year pleaded not guilty on Friday to premeditated murder.
Appearing at Limassol criminal court, the two defendants, aged 19 and 23, ...
Record number of passengers confirmed using Cyprus airports
Passengers passing through Cyprus’ airports in Larnaca and Paphos reached a record high on Friday, with traffic exceeding 12 million passengers, as was predicted earlier in the week.
“This important achievement ...
The Triangle Launches A New Era of Workspace Innovation in Limassol
Premium real estate developer is revolutionising workspaces in Cyprus, with the launch of a pioneering office hub, designed for the future, with quality and sustainability at its core.
Tor Properties ...
Larnaca shop owners protest works in commercial centre
Larnaca shop owners on Friday blasted works that began in November to remodel the commercial centre, saying that business has been affected as Christmas shoppers can’t get to them.
...
Police on the hunt for burglars in Paphos
A house was broken into on Thursday night in Mouttalos, Paphos, and the burglars managed to get away with €500 and electronic equipment, while the owner was out.
Police investigated the ...
Cyprus, EIB sign agreement to fund island roadworks
Cyprus, EIB sign agreement to fund island roadworks
By Rebekah Gregoriades
The vice president of the European Investment Bank (EIB), Kyriacos Kakouris, on Friday signed the first €100 million tranche of ...
Cyprus public sector workforce hits 73,137 in third quarter
The workforce in Cyprus’ broader public sector totalled 73,137 employees in the third quarter of 2024, according to a report released this week by the Cyprus Statistical Service (Cystat).
For the first ...