Based on the Cypriot government’s timeline, the introduction of e-kalathi, a new digital platform for monitoring retail product prices, is expected to take place around early 2024. The bill has been given the green light by the Council of Ministers and will soon be presented to the Parliament.
Cyprus said on Tuesday it had activated a humanitarian rescue mechanism for the evacuation of third-country civilians through the island from Sudan.
The issue of storing electricity from renewable energy sources in Cyprus has become a problem due to extensive production rejections of both large and small photovoltaic parks by the Transmission and Distribution Operators on Easter Sunday and Monday. This has resulted in economic losses as excess energy cannot be stored and is rejected.
Encrypted folders with stolen information from Open University of Cyprus may be available on the dark web, where data brokers and identity thieves can now buy access to private information of students and staff after the institution failed to pay ransom.
Cypriot individuals and entities included in British and American sanctions lists will see their assets in the Cypriot banking system frozen and will not be able to carry out any banking transactions in Cyprus, Marios Skandalis, chief compliance officer at the Bank of Cyprus, the island’s largest lender, has said.
The Bank of Cyprus is proceeding with a dividend payment after 12 years, after receiving the green light from the European Central Bank.
The notorious Medusa ransomware gang is asking for $100,000 from the Open University of Cyprus following a cyberattack on the institution’s digital platforms, with data samples already leaked online to prove they are not kidding.
Cyprus’s state apparatus was knocked offline on Tuesday after a water leak in a room housing central government servers, forcing an emergency shutdown.
The Statistical Service of Cyprus (CyStat) on Friday reported a state budget surplus of 363 million euros, or 1.3% of gross domestic product for the period of January-February 2023, according to the preliminary general government fiscal results. In the corresponding period of 2022, a surplus of €208.3 million or 0.8% of GDP had been recorded.
Cyprus will offer Ukraine technical training on landmine clearing as part of its humanitarian assistance, its defense minister said on Friday.
