Elias Hazou

Cyprus’ commercial fleet has grown by an impressive 14 per cent over the last year, while the shipping industry now accounts for 7 per cent of gross domestic product, MPs heard on ...

Around 90 deputy mayors are getting paid on the taxpayer’s dime even though they have no official duties, the interior minister acknowledged in parliament on Monday. Constantinos Ioannou was at ...

Eleven years plus after the devastating bank bail-in of 2013, the clock is ticking for those still seeking restitution. The statute of limitations already expired years ago. Meantime one after another ...

The House on Thursday passed an amendment to a law that significantly reduces the fines imposed on corporate entities for not declaring their ultimate beneficial owners (UBOs) on time. Under ...

ExxonMobil will drill a well offshore Cyprus in January in its pursuit of natural gas, a senior executive said on Thursday at an energy and geopolitics event in Nicosia. “We’...

Parliament and the government on Tuesday found a sweet spot to regulate the matter of companies not having declared their ultimate beneficial owners (UBOs) on time, with an agreement to ...

Cyprus ranks top of the EU in terms of the absorption rate of funds among the bloc’s 27 members, the Cypriot member of the European Court of Auditors (ECA) said ...

A small number of Cypriot passport holders were listed on Tuesday on the UK’s financial sanctions list, including one businessman allegedly linked to Roman Abramovich, former owner of Chelsea ...

No evidence has come up concerning the existence of cartels or cartel-like behaviour in the retail fuel market or the banking industry, the Commission for the Protection of Competition (CPC) ...

Parliament on Monday greenlit funds for the anti-corruption authority that the body says are indispensable to continue the work of investigations. Despite having given the authority some pushback last week, ...

Nicosia district court has dismissed a lawsuit against the state, the Central Bank and the Bank of Cyprus over the 2013 ‘haircut’ on deposits, the attorney-general’s office stated on Monday. ...

The government pledged Thursday to tighten up procedures for granting state land intended for the construction of solar parks, aiming to make these practices “more transparent and meritocratic”. In a ...

The energy regulator said on Tuesday it will review data purporting to show how the Electricity Authority of Cyprus (EAC) could “trim the fat” and cut costs by up to 15 ...

MPs on Tuesday heard that thousands of cars installed with faulty airbags could make for a “ticking time bomb” while one former official called for such vehicles to be temporarily ...

Friction flared up in parliament on Monday after the head of the anti-corruption authority declined to commit specifically to investigating former president Nikos Anastasiades in relation to the ‘golden passports’ ...

The government said Monday it is doing what it can to return a sense of safety to the wider public and to crack down on organised crime, part of it ...

Shooting up across the island, solar farms are raking it in, boasting profit margins that would make John D Rockefeller go green with envy. The public has noticed, and so ...

An MP on Thursday claimed that the Cypriot state was preparing to “borrow again” to repay a €6.3 billion bailout granted back in 2013. Zacharias Koulias (Diko) made the comments while the ...

The House plenum on Thursday approved an extra €94 million for the Health Insurance Organisation for fiscal year 2024, but not without some gripes from MPs. The supplementary budget largely concerns expenses ...

President Nikos Christodoulides and Turkish President Recep Tayyip Erdogan met in person in Budapest ahead of the European Political Community’s summit in the Hungarian capital on Thursday. Christodoulides and ...

In 2025 the state will spend about €9 million on the salaries of clerics, based on an agreement between the government and the church dating to the early 1970s. The finance ministry ...

Construction works are well underway for a multi-use heliport at the site of Mari naval base, reports said on Tuesday. Taking part in the earthworks and soil removal is the ...

The civil servants’ main union on Monday came to the defence of former auditor-general Odysseas Michaelides, urging authorities to immediately pay the ex-official all his pension dues. “Regardless of the ...

A business association urged parliament on Monday to quickly pass an EU regulation that has to do with the screening of direct foreign investment in Cyprus, noting that the island ...