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1. Alpha Bank CEO eyes expansion in Romania

Alpha Bank chief executive officer Vassilis Psaltis pointed to further expansion and acquisitions in Romania in a joint interview with the CEO of Italian bank UniCredit, Andrea Orcel for Bloomberg....

2. EU probes Chinese subsidy claims in Romania solar tender

3. Romania's visa requirement hits 12 countries

Travellers from 12 third countries now need to obtain a Schengen Transit Visa first, before passing through Romania, in order to reach their non-Schengen destination country. ...

4. Sofia and Bucharest airports open doors to Schengen zone

Airports in Sofia and Bucharest on Sunday removed passport check points for those departing to or arriving from most European Union member states as Bulgaria and Romania partially joined the Schengen open-travel zone....

5. Tougher regulations loom for tobacco heat sticks in Europe

European governments are weighing the introduction of tougher rules on cigarette makers’ new zero-tobacco heat sticks, moving to close the loopholes they were designed to exploit just months after their launch. ...

6. Cyprus boasts second largest EU-born resident share

Cyprus had the third largest share of foreign-born residents among EU countries (22.7%), and more specifically the second largest share of residents born in another EU country (10.6%) in 2023, according to data released by Eurostat....

7. European Commission flags trade risks for Cyprus economy

The Cypriot economy is on a sound footing due to solid economic growth and declining inflation, but its high integration with EU and non-EU economies make geopolitical and trade tensions......

8. Von der Leyen commends Christodoulides, ''proud of his leadership''

European Commission President Ursula von der Leyen spoke today at the plenary session of the European People's Party in Bucharest, Romania....

9. Ursula von der Leyen in Cyprus for humanitarian corridor talks

European Commission President Ursula von der Leyen is set to visit Cyprus following the conclusion of the European People's Party summit in Bucharest, Romania, sources from EPP told Cyprus News Agency....

10. Olive oil prices spike 49% in Cyprus

In January 2024, the price of olive oil experienced a significant surge, with Cyprus leading the pack with a remarkable 49% increase, according to data released by Eurostat, the EU's statistical office. ...

11. Cyprus' 3.7% greenhouse gas increase stands out in EU

In the third quarter of 2023, greenhouse gas emissions through economic activity had increased by 3.7% in Cyprus and decreased by 7.1%......

12. EU radio stats: 30,000 jobs, €4B revenue

About 30,000 persons were employed by radio broadcasting enterprises across the European Union in 2022, with these enterprises recording a net turnover......

13. Cyprus drowning in trash as stats report more waste, less recycling

Brace yourselves, Cyprus – we've got a waste problem. The latest data from Eurostat, the EU's number cruncher, shows that in 2022, we each tossed out a whopping 673 kg of municipal waste....

14. Hungary's economy targeted in EU retaliation plan

In a tense diplomatic standoff, officials in Brussels have allegedly devised a clandestine strategy aimed at Hungary's economy should Prime Minister Viktor Orbán persist in blocking a €50 billion support package for Ukraine....

15. Cyprus ranks fourth in EU for cars per capita, exceeding average

In 2022, Cyprus ranked as the country with the fourth-highest number of passenger cars per population, boasting 658 cars per 1000 inhabitants, significantly surpassing the EU average of 560 vehicles per 1000 inhabitants, according to Eurostat, the statistical service of the European Union....

16. Cyprus shines with 20% tourism surge!

In a burst of post-pandemic enthusiasm, Cyprus shines as the EU's tourism star, celebrating an impressive 20% surge in 2023 – a dazzling spectacle second only to a breathtaking fireworks display!...

17. Ever wonder how happy people are in Cyprus?

Ever wonder how happy people are in Cyprus? Well, they recently gave their overall life satisfaction a score of 7.2 out of 10, according to Eurostat, the statistical service of the European Union. That's pretty close to the EU average, which stands at 7.1....

18. Romania and Bulgaria to be part of the EU Schengen area in 2024

According to a report in the Financial Times, Romania and Bulgaria are set to join the EU's Schengen area in March, signaling the conclusion of talks with Austria....

19. Cypriots opt for overseas New Year celebrations

Many Cypriots are traveling abroad this year for the New Year, choosing as destinations mostly Greece and the United Kingdom, but also Central European countries, the President of the Association of Travel Agents (ACTA) Haris Papacharalambous has told CNA....

20. European data shows low interest payouts by Cypriot banks

Cypriot banks rank second to last among European banks in terms of paying interest on total household deposits, according to data released on Wednesday by the European Banking Authority (EBA), as part of its annual risk assessment of the European banking system....

21. ''Shine your light''

Several European cities share similarities in building architecture, with central squares capturing visitors' attention. However, each city, including capital cities, boasts a unique history reflected in its grand structures, cathedrals, and fortifications erected primarily for population protection....

22. Identity confirmed for skeleton found near Limassol hospital

The human skeleton discovered near Limassol General Hospital on October 3 has been identified as a 49-year-old man from Romania, according to information provided by the police. ...

23. Renewable energy hits 17.2%, eyes soaring heights in 2023

The share of energy consumption from renewable energy resources (RES) in 2022 has reached 17.2% in Cyprus and is expected to increase further in 2023 and in the following years, according to the annual report of the Cyprus Energy Regulatory Authority (CERA) for 2022 presented on Wednesday to the President of the Republic Nikos Christodoulides....

24. How Kotsovolos fits into PPC's master plan

The acquisition of "Kotsovolos" propels PPC's transformation into an integrated provider of products and services, reshaping the retail electricity market. By securing "Kotsovolos," PPC gains the means to offer a comprehensive range of services, from electricity and natural gas to cutting-edge energy solutions....

25. Appeals court rejects extradition of Israeli diamond tycoon to Romania

The Court of Appeal in Cyprus has overturned a previous ruling and rejected the extradition of Israeli diamond tycoon Benny Steinmetz to Romania. Steinmetz had been convicted in absentia in Romania on charges of fraud related to land deals that transpired between 2006 and 2008, resulting in a five-year prison sentence issued in December 2020....

26. Which European country bears the brunt of energy costs?

The pre-tax prices of electricity and natural gas soared after Russia's full-scale invasion of Ukraine, but they're now on the decline. Although slightly higher than the second half of 2022, the final prices for customers, including taxes, reached their peak in the first half of 2023....

27. Poles and Greeks: Europe's thriftiest tourists

Poles are the most tight-fisted tourists in Europe, spending around €185 per person in other countries while visiting for tourism purposes, totalling up to €7.2 billion in 2022....

28. Former President's startling revelation about food

In April 2022, former Russian President Dmitry Medvedev, now deputy head of Russia’s Security Council, said on his Telegram channel: “Our food is our silent weapon. Silent — but formidable."...

29. Cavaway, a member of the Alexandrion Group, at the Cyprus Cocktail Festival 2023

The 4th Cyprus Cocktail Festival, a part of the Digital Agenda Cyprus Summit, is delighted to announce Cavaway's presence, a member of the Alexandrion Group, as one of the key suppliers at the festival. The event will be held on October 17, 2023, at the Nicosia Municipal Garden, starting at 19:00, showcasing the premium brands Kreskova Vodka and Black Tears Dry Spiced Rum....

30. Turkish Cypriot crossing points take center stage

In a striking development, 2023 has seen an extraordinary increase in crossings through checkpoints in Cyprus, as revealed by reports in the Turkish Cypriot press....