Despite the election rhetoric about energy being a catalyst towards resolving the Cyprus problem, recent developments, especially during the past year, suggest that perhaps it is the only key to finding a solution. There is some frustration in Brussels regarding replacing energy supplies provided by Russia before Moscow’s invasion and war in Ukraine. On the
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Paphos Bishop Georgios was elected Saturday as the new archbishop by the Cyprus Orthodox Church’s ruling body following the death of his predecessor last month. A majority of 11 votes appointed the 73-year-old by the 16-member Holy Synod after coming second in the popular vote by the Cypriot faithful. Limassol Bishop Athanasios, seen as a
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Cypriot start-ups no longer have to rely on banks to obtain finance, as a ground-breaking crowdfunding platform offers local entrepreneurs an alternative way to raise capital. In a first for Cyprus, Crowdbase, a crowdfunding platform on the island, announced the first-ever successful completion of an equity campaign for a Cypriot start-up. Earlier this week, Crowdbase announced
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Kassatly Group Holding, a major player in the regional beverage sector, will expand to Cyprus next year, boosting its manufacturing and exports while putting the island on the radar of other major players. Following success in attracting fintech and high-tech investments, Invest Cyprus welcomed a key player in the regional beverage industry to the island.
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You may wonder, who is Jimmy Hoffa? He was the US boss of the Truckers Union, accused and jailed for bribery, Mafia links, investments in casinos and lavish lifestyle, and subsequently murdered. This resulted from an investigation by the then Government of J.F. Kennedy with the chief investigator Bobby Kennedy. Hoffa called a national strike
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Cyprus reported four COVID-19 deaths this week and a further drop in new infections, as health officials warn of an increase in new cases during Christmas gatherings, combined with other viruses affecting the respiratory system. The health ministry said in its bulletin on Friday that the latest victims were two men and two women, aged
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The European Central Bank (ECB) said it had withdrawn Cypriot lender RCB’s banking license months after the central bank restricted parts of its business. In March, RCB Bank struck a deal with Hellenic Bank for the sale of a performing loan portfolio valued up to €556 million. The ECB permitted that deal but restricted the
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The European Insurance and Occupational Pensions Authority (EIOPA) has released a discussion paper on proactively managing sustainability risks, focusing on the real estate sector. The paper highlights the crucial role that real estate markets play in the transition to a low-carbon economy and society, as the construction and energy use of buildings contribute significantly to
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Cypriot consumers may have to settle with a poorer Christmas dinner table, as meat prices have increased 15%-24% compared to last year’s festive feast, according to the state Consumer Protection Service. Their survey found that the biggest increase was recorded in lamb chops sold at €9.78 per kilo, compared to €7.89 last year, a jump
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Drug squad chief Michalis Katsounotos suspended over a recent corruption scandal, was cleared after the Attorney General said there was no evidence of any wrongdoing. Attorney General George Savvides and his assistant Savvas Angelides issued a statement declaring that no evidence has emerged to support corruption claims against the drug squad chief, who was accused
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