6 h. ago Paralimni municipality calls for relocation of migrant facilities

The presence of migrant facilities in the heart of the Paralimni-Deryneia tourist area is tarnishing the municipality’s image and damaging the region’s reputation as a top travel destination, the local authorities have stated. In an official announcement, the municipality urged all relevant bodies to take immediate action to relocate these facilities. “The municipality expresses its […]

Events

7 h. ago Children’s state allowances withheld to cover social insurance debts

Children’s state allowances were withheld to offset outstanding social insurance contributions, the Hope For Children policy centre said on Friday. However, the social welfare services later announced that arrangements had been made to process the payments and provide the allowances. “This is unprecedented in the ten years our organisation has been providing shelter and care […]

Politics

8 h. ago State scholarships foundation ‘rents out €600k building for €500 per month’

The Cyprus state scholarships foundation (Ikyk) has reportedly spent the last 15 years renting out a building valued at €615,000 for as little as €500 per month to the law firm which used to represent it it, according to reports which surfaced on Friday. The building, which is located in the Nicosia suburb of Aglandjia, […]

Politics

31 h. ago Thanasis Nicolaou’s mother calls for justice following investigation findings

Justice can only be served by punishing those responsible for the death of soldier Thanasis Nicolaou in 2005, his mother, Andriana Nicolaou, said on Thursday, following the release of an independent investigation report into the case. Speaking to the Cyprus News Agency, she reiterated her readiness to proceed with private criminal prosecutions. The long-awaited report, […]

Events

33 h. ago Cyprus credit acquisition firms held €20.3 billion in loans by end of 2024

The total amount of loans held by credit acquisition companies in Cyprus stood at €20.3 billion at the end of 2024, down from €21 billion at the end of the first half of the year, according to data from the Central Bank of Cyprus (CBC). Of this total, €10.3 billion comprised loans to individuals, while […]

Politics

36 h. ago Swedish national to testify against lawyer, officer in Larnaca escape case

A 49-year-old Swedish man will serve as the prosecution’s key witness against a lawyer and a police officer accused of aiding his escape from a private clinic in Larnaca last December, it was heard on Thursday. The development was announced before the Larnaca Criminal Court by the prosecuting authority, which revealed that the criminal charges […]

Events

38 h. ago From outsider to key player: Turkey’s role in Europe’s defence shift

Turkey has emerged as a key potential partner in restructuring European security, diplomats and analysts say, as Europe scrambles to bolster its defence and find guarantees for Ukraine under any forthcoming ceasefire deal urged by the United States. European countries have been unsettled by U.S. President Donald Trump’s plan to end the Ukraine war, which […]

Sport

55 h. ago Got $2000? This Shiba Inu and Dogecoin competitor will turn it into $2,000,000 faster than SHIB & DOGE

Rexas Finance is rapidly emerging as a major player in blockchain-based asset tokenization, promising exponential returns for early investors. With its focus on real-world asset (RWA) tokenization, the platform bridges the gap between traditional finance and decentralized ecosystems. Investors seeking high-growth opportunities see Rexas Finance as a potential competitor to Shiba Inu and Dogecoin, with […]

Sport

56 h. ago MPs outraged over claims they are ‘on the take’ from private schools

Oelmek president Demetris Taliadoros upset the House education committee on Wednesday, claiming MPs were “on the take” from private schools and was why they refused to make any changes to legislation. The head of the secondary school teaching union Taliadoros told the committee that the accusations had been voiced on the “fifth floor” of the […]

Politics

61 h. ago Hellenic Bank shares set for delisting as Eurobank nears full ownership

Eurobank has outlined its strategic objectives following the acquisition of 100 per cent of Hellenic Bank in its public offer document, which details the roadmap for the acquisition process. The bank intends to proceed with the necessary steps to delist Hellenic Bank’s shares from the Cyprus Stock Exchange (CSE) upon completion of the offer. The […]

Politics

3 d. ago EU's New Regulations Put Cyprus Financial Firms Under Pressure, Fines Top €2.7M in 2024

EU's New Regulations Put Cyprus Financial Firms Under Pressure, Fines Top €2.7M in 2024  Finance Magnates

Events

3 d. ago H.I.G. Capital strengthens North American portfolio with strategic moves

Miami-based alternative investment firm H.I.G. Capital has made significant strategic moves in the North American market during February, highlighting the firm’s diversified approach across healthcare and growth equity sectors. The $67 billion investment giant completed the sale of specialty healthcare provider Soleo Health while simultaneously earning recognition for its growth equity division, underscoring the firm’s […]

Politics

3 d. ago Experts urge swift tax reform to boost Cyprus’ economic resilience

The 8th Cyprus International Tax Conference kicked off on Tuesday morning with discussions centred on the country’s tax system reform, the digitalisation of tax administration, and the need to maintain the competitiveness of the Cypriot economy. The event featured key figures from the tax and financial sectors, who emphasised the importance of a modernised and […]

Economics

3 d. ago Housing shortage may deter firms from relocating to Cyprus, association warns

The Association of Large Investment Projects on Tuesday released a statement commenting on the scarcity of affordable housing, delving into the ramifications this issue poses. The association explained that that this challenge, combined with the generally low availability of housing units, demands immediate resolution. According to the association, a “critical concern is maintaining Cyprus’ appeal […]

Events

3 d. ago UK hiring cools, starting salaries rise at slowest pace in four years

Britain’s jobs market cooled in February as the pace of hiring slowed and starting salaries rose by the least in four years, according to a survey on Monday that underscores firms’ concerns about higher employment costs and a soft economy. The Recruitment and Employment Confederation said its measure of growth in starting pay for people […]

Sport

4 d. ago Alexis Kougias leaves his children a 50 million euro fortune and 28 properties

Among them are known Alexis Kougias’ house in Vouliagmeni, his holiday home in Mykonos, another in Arachova, his private offices on Vassilissis Sofias Avenue, and a hotel in central Athens.

Society

4 d. ago Strong profits and deposits boost Cyprus and Greece’s leading banks

The largest banks in Cyprus and Greece successfully exceeded all their financial targets for 2024, demonstrating robust profitability and strengthened balance sheets. According to preliminary results released by the two largest Cypriot banks and the four largest Greek banks, all institutions reported solid profit growth and improved financial stability. Net interest income, the primary source […]

Economics

4 d. ago Deputy mayors supposed to take on substantial responsibilities

The administration of each municipality is exercised collectively by the council, in which the mayor, deputy mayors and councillors participate as members. Within the framework of their responsibilities, they manage and regulate all local affairs, aiming at the protection, development and continuous improvement of the interests and quality of life of the local community as […]

Politics

6 d. ago France, Germany, Italy and UK back Arab plan for Gaza reconstruction

The foreign ministers of France, Germany, Italy and Britain said on Saturday they sup-ported an Arab-backed plan for the reconstruction of Gaza that would cost $53 billion and avoid displacing Palestinians from the enclave. “The plan shows a realistic path to the reconstruction of Gaza and promises – if implemented – swift and sustainable improvement […]

Politics

6 d. ago What’s the best Crypto for new investors looking to make bigger returns than Ethereum and XRP can offer in 2025?

For new investors looking to capitalize on the next big thing in crypto, Rexas Finance (RXS) is the one to watch. The project is currently in its final stage of presale at $0.20, with 90% already sold out, Rexas Finance is poised to dominate in 2025 with its focus on real-world asset tokenization. This unique […]

Economics