The church is embroiled in allegations of money laundering involving monks boosting donations through social media and Russian oligarchs funneling questionable funds, with a safe containing €800,000 found at Osiou Avvakoum monastery intensifying scrutiny on financial transparency and political ties.
The fake diploma scandal in Northern Cyprus has shaken the integrity of the education system, particularly involving alleged bribery in the accreditation of medical schools like the Cyprus Health and Social Sciences University. Amidst the turmoil, the government’s response reflects a commitment to transparency, with strict policies in place not just in academia but also in public events like football matches to ensure safety and uphold standards.
In anticipation of the Apoel vs Omonia football derby, heightened security measures are in place: an away fans ban, early stadium gates opening at 2pm, and strict regulations on flares, firecrackers, and dangerous objects. With safety as the top priority, fans must adhere to these rules for a smooth and celebratory match day experience at the GSP Stadium in Nicosia.
The Vasiliko LNG terminal in Cyprus faces delays with no backup plan, as the government pushes the current contractor to meet the deadline of July 2024. Once operational, the terminal is expected to lower electricity prices to around 20 cents per kWh, a crucial step towards sustainable energy in Cyprus.
The Limassol Carnival Museum is set to open its doors in about one and a half months, offering a vibrant celebration of Limassol’s rich carnival traditions and history. Visitors can expect interactive exhibits, historical artifacts, and educational opportunities in this cultural gem located in the heart of the city at the Panos Solomonidis Cultural Centre.
The police force celebrates International Women’s Day by honoring female officers for their service. Distinguished guests deliver addresses acknowledging women’s vital roles in law enforcement and society.
The Bank of Cyprus has acquired a restructured loan portfolio from Kedipes valued at €58.4 million, aimed at bolstering its loan offerings, reinforcing market position, and improving services for customers while delivering shareholder value. This strategic acquisition responds to economic challenges and indicates a commitment to sustainable growth.
Paphos hotels are facing challenges with low booking numbers as peak tourist season approaches, notably for key periods like the Cypriot carnival and national holidays. Uncertainty in tourism markets, such as Israeli and British visitors, as well as potential disruptions in aviation, are contributing to the concerns among hoteliers.
Keve, led by President Stavros Stavrou, advocates for improved intercommunal trade in Cyprus to bolster economic ties between Greek Cypriot and Turkish Cypriot communities. By overcoming trade barriers and fostering cooperation, Keve aims to support peacebuilding efforts and align with UN resolutions for a unified Cyprus.
Cyprus is making strides in enforcing transparency in influencer marketing by requiring clear disclosures in promotional content. The Consumer Protection Service and Advertising Control Agency are collaborating to educate consumers and influencers through guidelines and awareness campaigns, ensuring ethical standards are upheld.
