Debt Acquiring Companies have made their presence felt in Cyprus by changing the banking landscape and possibly having a future effect on the real estate market after acquiring asset-backed NPLs worth €14 billion.

The only centre offering free palliative care to cancer patients and their families in Cyprus will start operating in the newly renovated and expanded clinic by the end of February.

Two more specialists will be added to medical staff at Kyperounta hospital in the next few days, as part of the national strategy for the development of mountain communities, Health Minister Constantinos Ioannou said on Friday.

Parliament on Friday approved a bill granting authorities the ability to conduct phone surveillance as part of crime-fighting and counter-terrorism efforts.

Parliament unanimously passed two bills on Friday to increase the number of district court judges, as part of reforming the justice system.

Parliament on Friday approved a bill amending the rent control law, effectively making it easier for landlords to evict troublesome tenants, an almost impossible feat at present.

President Nicos Anastasiades inaugurated the new Petrolina liquid fuels storage facility at Vassiliko on Saturday, saying the company’s relocation was well within the timeframe agreed with the authorities and that this was the start of the implementation of the new energy centre.

Four months after the shock of Thomas Cook’s bankruptcy and the impact on Cyprus seems to be less severe than initially feared.

Bank of Cyprus has introduced a new policy and terminology concerning deposit rates for specific clients. It is called “liquidity cost charge in euro deposits” and corresponds to a negative interest rate of -0.4%, according to the lender’s website.

Shipping Chamber deputy director-general Alexandros Josephides was reappointed as “International Maritime Organisation (IMO) Goodwill Maritime Ambassador” for Cyprus for the period 2020-2021.