3 d. ago Drug users in Cyprus to gain right to immediate treatment, not punishment

Drug users in Cyprus to gain right to immediate treatment, not punishment  Kathimerini

Events

3 d. ago US sanctions six tankers, Maduro relatives in sharp escalation against Venezuela

The United States on Thursday issued new sanctions targeting Venezuela, imposing curbs on three nephews of President Nicolas Maduro’s wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas. The action came as the U.S. executes a large-scale military buildup in the southern Caribbean […]

Events

4 d. ago Student enterprise season opens with islandwide participation

More than 400 students from across Cyprus gathered at the University of Cyprus for the launch of this year’s JA Cyprus ‘Student Enterprise’ programme, held in collaboration with Coca-Cola HBC Cyprus. The Kick Off Workshop, which took place beginning of December, marked the first major milestone in the companies’ long-standing partnership under the YouthEmpowered initiative. […]

Politics

4 d. ago Two arrested in Larnaca for possession of stolen goods, drugs, weapons

Two people have been arrested in Larnaca in connection with the illegal possession of property, drugs and an offensive instrument, police said on Thursday. According to the police, the incident occurred at around 3.30am when officers spotted a car moving suspiciously in the Tsakilero area of Larnaca. When officers signalled for the driver to pull […]

Events

5 d. ago Box containing drugs found in courier company’s storage area

A box containing more than two kilograms of cocaine and more than nine kilograms of cannabis was found in the storage area of a courier company’s premises in Limassol, the police said on Tuesday. In total, exactly 2.57kg of cocaine and 9.33kg of cannabis was found, with the package having been sent to Cyprus from […]

Sport

7 d. ago Bills ending unfair insurance premiums for pensioners to head to plenum

Two bills seeking to end excessive insurance charges for drivers over 70, are expected to go to a vote at the House plenum in January, Volt MP Alexandra Attalides said on Monday. The bills had been discussed earlier at the House human rights committee, where insurance companies warned that lowering premiums for older motorists “will […]

Economics

1 week ago Pentagon faces legal questions after video shows second strike on shipwrecked drug

When the U.S. military carried out its first strike against a suspected drug boat in the Caribbean on September 2, the attack began with an airburst munition exploding above the 11-member crew like an umbrella of shrapnel. A video of the attack, shown to U.S. lawmakers on Thursday and described to Reuters by two sources […]

Events

1 week ago Lawmakers split along party lines after viewing Caribbean strike video

U.S. lawmakers split along party lines after being briefed on Thursday on a strike against a suspected drug boat in the Caribbean, with Democrats saying they were horrified by a video showing survivors in distress being killed, while a Republican lawmaker defended the strike as legal. On September 2, the U.S. military destroyed a suspected […]

Society

1 week ago New loans decline in October, offset by rising housing credit and higher rates

Net new loans in Cyprus fell by €18.5 million in October to €429.4 million, mainly due to a slowdown in lending to companies, while housing loans continued to rise, according to data published this week by the Central Bank of Cyprus (CBC). Total new loans reached €624.9m, compared with €770.5m in September, when net new […]

Politics

1 week ago Cyprus cracks down on drunk and drug driving as four dead in a week

Cyprus cracks down on drunk and drug driving as four dead in a week  Kathimerini

Events

1 week ago White House defends US attacks on boat from Venezuela as ‘self defence’

The White House defended a U.S. admiral’s decision to conduct multiple strikes on an alleged Venezuelan drug-smuggling vessel in September, saying he had Defense Secretary Pete Hegseth’s authorization, even as critics questioned the legality of a strike on survivors. The Washington Post had reported that a second strike was ordered to kill two survivors from […]

Events

1 week ago Amazon and Google launch multicloud service for faster connectivity

Amazon and Google introduced a jointly developed multicloud networking service on Sunday to meet growing demand for reliable connectivity the companies said in a statement, at a time when even brief internet disruptions can cause major outages. The initiative will enable customers to establish private, high-speed links between the two companies’ computing platforms in minutes […]

Politics

2 w. ago Meta slams EU’s ‘aberrant’ antitrust demands for data on Facebook

Meta Platforms on Wednesday hit out at EU antitrust regulators for what it said were “aberrant” requests for information during two investigations four years ago, underscoring the increasing pushback by companies against what they see as disproportionate regulatory demands. Meta, which had previously likened such EU demands related to its Facebook social network and online […]

Politics

2 w. ago Rocket attack shuts down Iraq’s Khor Mor gas field, bringing power cuts

Production at Iraq’s Khor Mor gas field, one of the largest in the Kurdistan region, was shut after a rocket attack hit a storage facility prompting widespread power cuts, joint field operator Dana Gas DANA.AD said on Thursday. The attack, which did not cause any casualties and occurred late on Wednesday, was the most significant […]

Events

2 w. ago Cyprus Business Now: finance ministry, companies, Eurobank, RIF, ECOMMBX, gaming

Cyprus’ Ministry of Finance has set out its strategic objectives, challenges and planned interventions for the coming year in its 2026 budget while also reviewing actions implemented in 2025. The document groups the main challenges under nine objectives, ranging from macroeconomic stability and fiscal discipline to financial stability, public-sector productivity and preparations for Cyprus’ EU […]

Economics

2 w. ago Promed Bioscience secures over €1 million growth financing led by KV Fund II

Promed Bioscience, a biotech company specializing in advanced collagen-based biomaterials for regenerative medicine, has successfully closed a €1.25 million growth financing round led by KV Fund II. Overall, the investment emphasises KVF II’s commitment to supporting pioneering Cypriot companies with global potential. This new capital injection will enable Promed to expand production capacity, scale its […]

Economics

2 w. ago Cyprus companies and individuals removed from US sanctions list

The US government on Monday removed five Cyprus-related individuals and three legal entities from its list of nationals designated as having engaged in “harmful foreign activities of the Russian Federation”. The list is compiled by the US Treasury’s Office of Foreign Assets Control (Ofac). The Specially Designated Nationals list was created pursuant to Executive Order […]

Politics

3 w. ago Cyprus is running out of water, now private companies say they can make it rain

Cyprus is running out of water, now private companies say they can make it rain  Kathimerini

Politics

3 w. ago Business acquisitions by foreign funds worrying, says tax commissioner

Tax Commissioner Soteris Markides expressed concern on Friday about the phenomenon of acquisitions of businesses in Cyprus by foreign companies and funds. He told MPs at the House finance committee – discussing the tax reform bill – that Cyprus should be worried about the fact that hotels, universities and hospitals were being bought by foreign […]

Economics

3 w. ago Tax chief warns of €695m revenue risk from audit threshold bill

Cyprus risks losing up to €695.2 million in annual government revenue if a new proposal expands the number of companies allowed to undergo a simple financial review instead of a full audit, according to data submitted to Parliament by tax commissioner Soteris Markides. Under current rules, businesses with turnover of up to €200,000 and assets […]

Events