Finance Minister Constantinos Petrides expressed the government’s disappointment at parliament’s decision to freeze property foreclosures until the end of October, despite repeated warnings. On Thursday, MPs amended laws governing the transfer and mortgage of immovable property, extending a freeze on foreclosures to October 31. Commenting on the development, Petrides expressed “great disappointment”. It is the
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The US House voted to allow President Joe Biden to sell Turkey upgraded F-16 jets — if Ankara pledges, they will not be used against Greece. Lawmakers, by a margin of 244-179, backed a provision to the annual defence authorization bill that would prohibit the sale of F-16s to Turkey unless Biden certifies that providing
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Cyprus’ COVID second booster uptake is still very low, as only 14.9% of people over 60 have taken one, as experts advise the rollout of a fourth shot. Only 4.2% of the adult population had taken a second booster jab. On Thursday, the government opened its second booster rollout to all people with serious underlying
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By Jeffrey Halley Markets in Europe and early New York went “hold my beer” and went into “the Fed is going to hike by one percent, we’re all doomed” mode. The negativity was compounded by soft quarterly earnings from JP Morgan and Morgan Stanley. Equities, oil, commodities, and precious metals were pummelled, while the US
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Where is the Cyprus property market heading? I have been asked this question countless times over the past three months, primarily by foreign investors who are trying to appreciate how the rise in inflation, increase in interest rates, and war in Ukraine is affecting local market dynamics. In a nutshell: Things will be better than
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Cyprus will prosecute four people accused of selling Cypriot passports for cash, exposed by an Al Jazeera sting that ended the island’s lucrative citizenship for investment scheme. On Thursday, Attorney General, George Savvides, said he filed a case against four people at the Nicosia District Court, hoping the case would be referred to the criminal
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A surge in COVID-19 cases, powered by Omicron subvariants, has pushed authorities to require a 24-hour rapid test for visiting hospitals and nursing homes. On Thursday, the cabinet approved more measures to protect mainly the most vulnerable groups of society and people in healthcare facilities. From Monday, all people visiting hospitals and nursing homes will
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Cyprus’ Supreme Court approved an appeal filed by Attorney General George Savvides overturning an “insufficient” prison sentence handed to a man convicted of sexually abusing a minor, increasing jail time from nine to 13 years. In its ruling on Thursday, the Supreme Court said: “Courts should impose severe and deterrent sentences in cases of rape
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Prevention and treatment of coronavirus are the most important factors as the COVID-19 pandemic enters a new phase, said scientist Zoe Dorothea Pana. Pana said that every phase of the pandemic and how it is addressed must be different and adapted to the changing situation and available tools. The current variants are very contagious, increasing
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Cyprus has opened its first underwater archaeological park, offering visitors a glimpse of history at one of the best preserved ancient harbours at Amathus, Limassol. The now-submerged harbour lying off the ancient city-kingdom of Amathus was constructed between 312/311 BC and 294 BC when Cyprus was the focus of conflict between the two successors of
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