The Council of Europe’s Committee of Ministers has stressed that Turkey must pay without delay €60 mln in damages to Greek Cypriots who cannot access their properties in the Turkish-occupied north. According to a CoE statement, its Committee of Ministers has “firmly insisted on Türkiye’s unconditional obligation to pay over €40 mln in damages awarded by the
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Bullying at school, work or the army will no longer be tolerated as MPs push to pass legislation to make intimidation a criminal offence. House Speaker Annita Demetriou and AKEL MP Andreas Pasiourtides have tabled a bill that will see offenders face up to a year in prison or a fine of €2,000 if passed
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Auditor General Odysseas Michaelides will examine every overtime claim submitted by every employee at the Presidential Palace following a scandal involving overtime wrongly paid to deputy government spokesperson Doxa Komodromou. According to local media, the Audit Office will review the files of 153 people – including 141 civil servants and the 12 members of the
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Professional services giant Ernst and Young pledged to bolster its presence in Cyprus with jobs and investment during contacts with President Nikos Christodoulides in New York. They discussed issues related to investments and the economy with the leadership of Ernst and Young, led by Julie Linn Teigland, Area Managing Partner of Europe, Middle East, India and Africa
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Turkey’s Central Bank cemented the country’s policy shift with a super-sized rate hike, raising its key interest rate by a lofty 500 basis points to 30%. The latest hike marks a second month of aggressive tightening after President Tayyip Erdogan set aside his long opposition to tight fiscal policy. It has raised rates by 2,150
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President Nikos Christodoulides briefed US Deputy Secretary of State Victoria Nuland about his initiative to resume deadlocked Cyprus problem negotiations, underlining the importance of a UN envoy. The Cyprus News Agency said that Nuland described Christodoulides’ initiative as “very positive” and noted that it is important the UNSG appoints an envoy and who this person will
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The Bank of England’s recent decision to pause interest rate hikes has been met with relief, but it should go further and stop hikes altogether, warned the CEO of a leading independent financial advisory and fintech. The UK’s central bank kept rates steady at 5.25% on Thursday, having not raised rates for the first time
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Finance Minister Makis Keravnos said the government is taking measures against rising prices and, when necessary, will intervene. He said Cyprus is obliged to start repaying a loan of €6.5 bln, which must be repaid by 2030, while by the end of 2026, it must satisfy the financial requirements of public debt and fiscal deficit indicators. On
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Older citizens and people belonging to vulnerable groups are eligible for an updated COVID-19 vaccine and the seasonal flu jab from October 2, the Health Ministry announced on Thursday. Presenting its updated vaccination program ahead of the colder months, the Health Ministry said the latest COVID-19 vaccine will be available only to elderly citizens, who
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Five Israeli tourists will remain in police custody until their trial begins next month for allegedly gang-raping a young Briton in the popular Cyprus holiday resort of Ayia Napa, a court ruled on Thursday. The Famagusta district court delayed its decision for two days but has granted the state’s prosecution request that the suspects remain
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