Famagusta to showcase its rich cultural character

Famagusta to showcase its rich cultural character

New cultural routes in the Famagusta district are being planned by the deputy ministries of culture and tourism, focusing on remote monuments or those unknown to the general public. There have been important archaeological finds in the last two decades, including ancient rock-hewn tombs and a shrine, adding to the rich Byzantine tradition of the region.

JPMorgan profit rises 6% even as interest income forecast falls short of predictions

JPMorgan profit rises 6% even as interest income forecast falls short of predictions

JPMorgan Chase’s profit rose 6% in the first quarter, but its shares dropped due to the bank’s forecast for its income from interest payments coming in below analysts’ expectations.

Cyprus concern in event of Iranian attack

Cyprus concern in event of Iranian attack

Fact: Foreign Minister Constantinos Kombos expressed concern about a possible Iranian attack on Israel and the consequences it would have for Cyprus.

Opinion: New taxes would be a mistake. Freeland is still likely to hike levies on corporations and the wealthy

Opinion: New taxes would be a mistake. Freeland is still likely to hike levies on corporations and the wealthy

Chrystia Freeland is likely to raise taxes on the country’s largest companies and wealthiest citizens in the upcoming budget to increase government revenues and pay for new programs.

Larnaca port delay talks on Monday

Larnaca port delay talks on Monday

President Nikos Christodoulides will chair a meeting with stakeholders to push ahead with the stalled €1.2 billion Larnaca port and marina project. The bone of contention is the renewal of a €10 million guarantee by Kition, with the company stating they have no intention to renew it without amending the concession agreement. Transport Minister Alexis Vafeades has called on Kition to renew the guarantee, warning of potential damages to the state if not done. An ad hoc committee has been set up to help break the deadlock, while the Cyprus Chamber of Commerce president criticized the company for not being clear about their intentions. Another issue is the preservation of the historical pier in Larnaca, which is part of the town’s heritage and is being restored as part of the wider development plan for the port and marina.

Sell your Cyprus home faster: The Feng Shui guide to staging success

Sell your Cyprus home faster: The Feng Shui guide to staging success

Fact: Recent data from the Cyprus Mail showcases the thriving property market on the island, with coastal towns like Limassol, Paphos, and Larnaca recording significant sales transactions.

President , ‘expects substantive EU support’

President , ‘expects substantive EU support’

Cyprus expects substantive support from the EU in the face of soaring migrant flows. Cyprus is facing increasing flows of Syrian irregular migrants from Lebanon. EU competitiveness should be bolstered through the deepening of the EU single market.