Cyprus has most foreign-owned debt in EU
At the end of 2022, Cyprus was the EU country with the largest proportion of debt held by non-residents, according to data released by Eurostat on Monday.
In Cyprus, non-resident holders ...
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Fast-track courts should protect 20,000 debtors from losing homes
Lawmakers heard on Monday that around 20,000 debtors should benefit from the planned establishment of special courts fast-tracking financial disputes between borrowers and banks, aimed at affording some protection to mortgaged ...
Green light for 1,800 more public sector jobs
Parliament on Monday gave the green light for unlocking more than 1,800 positions in the public sector, as requested by the government, with opposition Disy complaining about the high cost to ...
Christodoulides and Guterres discuss resumption of Cyprob talks
President Nikos Christodoulides and UN Secretary-General Antonio Guterres spoke on the phone on Thursday, exchanging views on the next steps regarding efforts to resume Cyprus peace talks.
According to a ...
Parliament raises maximum fines for unpaid salaries by employers
Parliament on Thursday passed a law raising the maximum court-imposed fine on employers for failing to pay employees’ salaries.
The text of the legislation was also amended so to as ...
Elam MPs reportedly walked out during minute silence for shipwreck victims
The nationalist Elam party late on Thursday hit back at what they called a manufactured political outcry over an alleged walkout from parliament during a minute’s silence held by ...
Cabinet approves VAT reduction from 5 to 3 per cent for selected items and services
The cabinet on Thursday green-lit changes to the legislation governing Value Added Tax (VAT) cutting the applicable 5 per cent rate down to 3 per cent on certain items and services, as ...
EU Parliament calls on Cyprus to curb spyware licenses
In a resolution adopted Thursday, the European Parliament called on Cyprus to repeal all spyware export licenses as well as to declassify a report on the Israeli ‘spy van’.
The ...
Government pledges to clear up industrial zones mess
The government on Tuesday pledged to create a dedicated agency to help sort out the chaotic situation relating to industrial zones and areas, where the rents paid to the state ...
Laws regulating refugee housing set to pass before summer recess
Lawmakers said on Tuesday they want to pass a package of bills relating to the issuing of title deeds to refugees or people classed as enclaved before the summer recess.
...
British lawyers will assist in anti-corruption probe
Two British lawyers arrived in Cyprus on Monday to assist with ongoing investigations of the anti-corruption authority, one of the cases thought to relate to the ‘golden passports’ affair.
The ...
‘Three out of 10’ – president’s first 100 days
Christodoulides undermined by appointments, Cyprus problem and cost of living allowance
On balance, Nikos Christodoulides’ first 100 days as president have been somewhat underwhelming – a view shared by many mainstream and ...
Food products recalled due to salmonella infection
Health authorities on Thursday said they have issued a recall on certain food products on the market, after sample testing detected salmonella.
The health ministry said it has contacted the ...
45-year-old woman was found dead in her home
A 45-year-old woman was found dead in her home in Tremithousa, Paphos on Thursday, with police said to have ruled out foul play.
The woman, who hails from Georgia, was ...
Government to procure electric cars for state officials
The cabinet on Thursday decided to cancel a previous competition for the purchase of limos for state officials, to be replaced by a new competition for the procurement of electric ...
EAC staff to keep all benefits even if they transfer to TSO
The House on Thursday passed a bill that allows staff at the Electricity Authority (EAC) to keep all their current healthcare and other benefits should they decide to transfer to ...
Reduced VAT on first homes passed into law (Updated)
By nearly a unanimous vote, and under the watchful eye of Brussels, parliament on Thursday passed a law allowing for a reduced VAT rate of 5 per cent levied on first ...
All measures in place to prevent spread of goat and sheep pox
State officials assured parliamentarians on Tuesday that authorities have gone on high alert and are taking all necessary measures to prevent a possible spread of goat and sheep pox from ...
Party spending exceeds stated revenues
Political parties did not give a proper accounting for their revenues and expenses for the May 2021 parliamentary elections, with all sorts of omissions in their books, the auditor-general said in ...
Parliament voted to prohibit trade in unripe carobs
Parliament on Thursday voted through legislation prohibiting the gathering, transport and trade in unripe carobs.
The bill, tabled by Disy MP Kyriacos Hadjiyiannis, passed with 31 votes for, one against.
It ...
Man drowns while scuba diving in Paralimni
A 60-year-old man drowned on Thursday while scuba diving in Paralimni, the police said.
The deceased was identified as Axel Schoeller, aged 60, an Austrian national and permanent resident of Paralimni.
...
Former spy boss brought out of retirement to head up the Central Intelligence Service
Former spy boss Tasos Tzionis has been brought out of retirement to head up the Central Intelligence Service (KYP) once again, it emerged on Thursday.
Tzionis, 68, had previously served as ...
Israeli professor who escaped Cyprus resurfaces
Gal Luft, the Israeli professor who skipped bail in Cyprus while facing extradition to the United States where he is wanted for arms trafficking, has resurfaced, telling the New York ...
Plan for Aphrodite gas field to be delivered on Wednesday
NewMed Energy, a partner in the Aphrodite gas prospect, will officially announce delivery of their modified development and production plan on Wednesday, the energy minister said on Tuesday.
George Papanastasiou ...