The European Bank for Reconstruction and Development (EBRD) has exited the Bank of Cyprus by selling its entire 5% stake. The shares – 22,401,744 in number had been offered via accelerated bookbuild on the Athens Stock Exchange (ATHEX). The Bank of Cyprus received its first investment from the EBRD in 2014 for stabilizing and restructuring […]
Turkey has been busy in recent months, trying to strengthen the amount of military presence it commands in its occupied section of Cyprus. They have increased the number of Turkish troops in the breakaway nation, and plan to further double the number. According to TRT Haber, Turkey’s move comes after Greek Cyprus is being seen […]
The south-eastern European countries of Greece and Cyprus are seeking assistance from the European Union (EU) Civil Protection Mechanism to fight extreme cases of wildfires. The European Union has responded by mobilizing 2 Canadair aircrafts from their ‘rescEU’ fleet. This request for assistance comes after a huge wildfire that started in Cyprus’ Limassol, and brunt […]
Dr. Petros Karayiannis, Professor of Microbiology & Molecular Virology at the University of Cyprus has said that the island nation is under no threat from the mosquito-borne disease. However, he has confirmed that there may be a slight transmission risk. The Chikungunya virus was identified in 1952 in Tanzania in 1952, and has been found […]
The German Medical Institute of Cyprus has established an AI-powered medical testing center as part of its digital transformation initiative titled Agora 3.0. Their intention is to advance medical science and launch strategic partnerships with the Indian healthcare and innovation sectors. Demetris Skourides, Chief Scientist of the German Medical Institute conducted a thorough review to […]
The second day of incessant blackouts in Cyprus led to many patients being stuck mid-way in diagnostic machines, causing distress to doctors and patients alike and bringing up topics of potential public health risks. The blackouts originated after Cyprus’ Transmission System Operator specifically ordered controlled load-shedding meant to last for approximately 30 minutes going area-by-area. […]
Cyprus is facing huge droughts, courtesy heat waves, dry weather, dusty winds, sudden storms and even flash floods and hail spells. All of these adverse weather situations have negatively impacted cultivation and farming – leaving the government to resort to monetarily compensate out-of-work-farmers in rural regions. To that end, the Ministry of Agriculture ministry conducted […]
Beirut-based Union of Arab Banks and the Association of Cyprus Banks have signed an MoU to fortify their history of cooperation and encourage further activity that will help both organizations to progress and advance. According to an announcement by the Association of Cyprus Banks, the Memorandum of Understanding was signed in August in Nicosia by […]
According to the Cyprus Federation of Student Unions (Pofen), single rooms are now priced at approximately €350 per month – which is the highest the nation has ever seen. Right now, the University of Tepak in Paphos and Limassol offer 150 and 250 rooms respectively, the University of Cyprus in Nicosia offer 208 rooms, while […]
Renowned Nobel Laureate from Turkey Aziz Sancar is now officially a citizen of Turkish Cyprus. Sancar, who is well known in the breakaway island nation for his work in their academic circles – and for his love for the area – has been visiting the place for years on-and-off, where he has served many positions […]
News of India reportedly supplying its BrahMos missiles to Cyprus has been doing the rounds – and it has put Turkey in a state of unease. While neither India nor Cyprus have said anything on the matter, the spread of the news via other channels has led to debates within the larger Mediterranean area. BrahMos […]
A huge wildfire that took place in the south of Cyprus led to the death of two people, and emergency evacuations of thousands of people. The fire in question destroyed more than 38 sq mi (or 100 sq. km) of land in a place located north of Limassol, famous for wine production. The fire started […]
The authorities in Cyprus have conducted an emergency medical evacuation by transporting a gravely ill ship crew worker by air. According to a statement by the Joint Rescue Coordination Centre (JRCC), the operation started at 9:20 PM in the evening as a part of the National Search and Rescue Plan (NEARCHOS) after receiving a distress […]
Boris Demash, the owner and founder of Cyprus Daily News (CDN) and its associated platforms was recently arrested by the police. The arrest warrant was issued as part of the ongoing investigation regarding a defamation case, which involved a disinformation campaign launched against businessman Alexey Gubarev. Courts issued the arrest warrant after they found that […]
Cyprus has officially launched its European Union Blue Card scheme for non-European and non-EU nationals who are seeking employment and residence in Cyprus. The Blue Card is a highly coveted document sought by non-EU professionals who have in-demand skills and are looking to live and work in the region. The Deputy Ministry of Immigration and […]
The ExxonMobil-and-QatarEnergy-led consortium has discovered yet another deposit of natural gas. This will mark their second discovery since their first one on Block Ten in 2019. It was also made in Block 10, but this time it was in the “Pegasus-1” area of the larger Exclusive Economic Zone (EEZ) of Cyprus. Specifically, the site is […]
The Cyprus Police is actively looking for cars and other vehicles experiencing overheating – something that has been common lately thanks to the elevated temperatures. In the latest incident, the Police responded to a call made at the Limassol-Nicosia highway, where a mini-bus caught fire for this very reason. Local news sources said the mini-bus’s […]
Cypriot hypermarket giant Alphamega is all set to acquire online quick commerce service Foody Market. While Alphamega has completed the paperwork, including signing the agreements – the actual transaction process remains subject to the approval of the Commission for the Protection of Competition (CPC). Acquiring Foody Market does not give Alphamega access to other dimensions […]
The UN held a five-party meeting regarding the Cyprus reunification issue at their NY headquarters. The event was originally announced by Stephane Dujarric, a spokesperson for the United Nations Secretary-General at the press conference. The convening of the Secretary-General happened after the first of such meetings in 2025 in the month of March. Here, the […]
The Cyprus-based investment firm Exclusive Change Capital has reached a settlement with Forty Thousand Euros with the Cyprus Securities and Exchange Commission (CySEC). The reached settlement is about the potential violation of 2017’s Investment Services and Activities and Regulated Markets Law – in the way it has been amended. In specific terms, an investigation was […]
