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12° Nicosia,
07 November, 2024
 

News Stream

Eurozone economic snapshot - November 13, 2023

Eurozone economic snapshot - November 13, 2023

Inflation in the Eurozone, which stood at 10.6% in October 2022, has decreased to 2.9% in October 2023, sparking optimism among central bankers....

Elizabeth McCaul unveils hidden financial dangers

Elizabeth McCaul unveils hidden financial dangers

A strong signal highlighting the need for closer scrutiny of non-bank financial institutions comes from Frankfurt, as Elizabeth McCaul, a member of the European Central Bank's Supervisory Board, emphasizes the potential risks....

Finyard launches in Cyprus, providing innovative software solutions for the FinTech space

Finyard launches in Cyprus, providing innovative software solutions for the FinTech space

Finyard, an innovative software solutions provider, that helps global brands within the FinTech space offer their clients cutting-edge applications, has opened its doors in Cyprus....

Cyprus' challenge to open Gaza's maritime path

Cyprus' challenge to open Gaza's maritime path

Cyprus' proposal for a maritime humanitarian corridor to Gaza is gaining momentum in European discussions. However, practical challenges tied to the port situation in the besieged Palestinian area have kept the effort in a preliminary stage....

Babies among 12 dead in Israel-Hamas fuel dispute

Babies among 12 dead in Israel-Hamas fuel dispute

Hamas has denied refusing an offer of fuel from Israel for Gaza's biggest hospital, which the World Health Organisation says is "not functioning" due to bombing and gunfire....

Clouds and spotty showers ahead

Clouds and spotty showers ahead

In the latest forecast, a shift in weather patterns is set to bring a mix of conditions to the island....

Unveiling the playful magic of Christmas decor

Unveiling the playful magic of Christmas decor

As the high temperatures persist on our island, Christmas might feel distant, but the festive season is just around the corner! Get ready to infuse your home with the magic of Christmas lights and vibrant colors....

Hezbollah leader reveals new weapons in border clashes with Israel

Hezbollah leader reveals new weapons in border clashes with Israel

The leader of Lebanon’s militant Hezbollah group said Saturday his fighters have introduced new weapons, including a missile with a heavy warhead in the ongoing fighting along the Lebanon-Israel border, adding that they will keep using the tense frontier to pressure Israel....

Kalogeropoulos murder suspect faces seven-day detention

Kalogeropoulos murder suspect faces seven-day detention

In a chilling turn of events, the 21-year-old murder suspect in the Thanasis Kalogeropoulos case appeared before the Limassol District Court, surrounded by a heavy police presence....

Kyiv hit by air attack, mayor urges shelter stay

Kyiv hit by air attack, mayor urges shelter stay

Explosions have been heard in Kyiv as the Ukrainian capital came under an air attack, its mayor has said....

Electronic IDs set to transform citizen services

Electronic IDs set to transform citizen services

Before the end of the current year, citizens and various professional groups will benefit from the use of electronic identity and electronic signatures in several government services, said Philippos Hadjizacharia, the Deputy Minister of Research, Innovation, and Digital Policy, during his speech at the 19th annual Economist Conference in Nicosia. ...

National Guard Thanasis case takes a shocking turn

National Guard Thanasis case takes a shocking turn

Family of National Guard Thanasis seeks new lawyer as their attorney Loukis Loukaidis expressed today his intention to withdraw from the case for health reasons....

UN chief's controversial view on Cyprus unity

UN chief's controversial view on Cyprus unity

In a recent interview, the Special Representative of the UN Secretary-General and Head of UNFICYP, Colin Stewart, referred to the fact that his country of origin, Canada, has a French-speaking Prime Minister, despite the fact that French-speakers make up 25% of the population, in order to show that ethnic and linguistic differences are being addressed and over time will not pose a threat to the unity of the country....

The 22-year-old mastermind in Kalogeropoulos murder

The 22-year-old mastermind in Kalogeropoulos murder

In a dramatic turn of events, authorities handed over a 21-year-old suspect connected to the murder of Thanasis Kalogeropoulos. The individual voluntarily presented himself in Tae Larnaca, leading to his arrest on Friday afternoon....

Trans people now eligible for baptism and godparent duty

Trans people now eligible for baptism and godparent duty

The Vatican’s doctrinal office has said that transgender people can under certain circumstances be baptised in the Catholic church and serve as godparents in a statement that has been hailed as a “major step for trans inclusion”....

Cyprus Bar Association under scrutiny for alleged misleading of asylum seekers

Cyprus Bar Association under scrutiny for alleged misleading of asylum seekers

The President of the Pancypriot Bar Association, Michalis Vorkas, has confirmed today that the association is facing complaints from the Ministry of the Interior regarding allegations of lawyers misleading asylum seekers....

Minister unleashes 4% boost for retirees

Minister unleashes 4% boost for retirees

In a significant move to enhance the well-being of pensioners, Labor and Social Insurance Minister Yiannis Panayiotou declared a nearly 4% increase in basic pensions for the upcoming year....

Concerns arise over alleged poisoned bait tactics among Cyprus hunters

Concerns arise over alleged poisoned bait tactics among Cyprus hunters

The Cyprus Animals Party has issued a statement expressing concern over reports of hunters allegedly deploying poisoned baits to obstruct fellow hunters from capturing hares. ...

Business booms and busts in Cyprus

Business booms and busts in Cyprus

Newly released data from Eurostat, the statistical service of the European Union, provides insights into the business landscape in 2021. The rate of "enterprise births"...

EU extends sanctions on Turkey for East Med drilling

EU extends sanctions on Turkey for East Med drilling

In a press release on Thursday, the Council of the European Union announced the renewal of restrictive measures against Turkey for unauthorized drilling activities in the Eastern Mediterranean....

Third suspect arraigned in Kalogeropoulos murder

Third suspect arraigned in Kalogeropoulos murder

In a court session at 11:30 on Friday morning (10/11), the third person apprehended in connection with the brutal murder of Thanasis Kalogeropoulos faced the Limassol District Court. ...

Data protection commissioner opposes school CCTV pilot

Data protection commissioner opposes school CCTV pilot

In a statement, Irene Loizidou Nikolaidou, the Commissioner for Personal Data Protection, declared that the potential implementation of Closed Circuit Video Surveillance (CCTV) in school units, even as a pilot, violates the principle of legality within the General Data Protection Regulation (GDPR) framework....

Central banks across Europe hold firm amidst rate cut speculations

Central banks across Europe hold firm amidst rate cut speculations

Europe's top central bankers have affirmed that despite market expectations for a reduction due to weakening growth, interest rates will persist at elevated levels. ...

Cyprus trade deficit swells as imports surge in 2023

Cyprus trade deficit swells as imports surge in 2023

Cyprus faces a growing trade deficit, reaching €6,490.8 million in January-September 2023, a €685.1 million increase from the same period in 2022, reports the Statistical Service of Cyprus. Total imports surged by 12.7% to €9,756.5 million, with exports rising by 14.6% to €3,265.7 million during the same period....

Financial tsunami looms as Limassol court decision sends shockwaves through Cyprus

Financial tsunami looms as Limassol court decision sends shockwaves through Cyprus

In a potentially precedent-setting decision, the Limassol District Court has upheld its initial ruling in favor of a Russian depositor of the People's Bank, potentially exposing the state to financial implications of up to 2-3 billion euros....

Deloitte celebrates 65 years of success in Cyprus

Deloitte celebrates 65 years of success in Cyprus

This year marks 65 years of continuous successful presence for Deloitte in Cyprus. The company celebrated 65 years of ''making an impact that matters'' at an event held on 2 November, in the presence of all partners and staff. ...

Cyprus-Greece council kicks off for unprecedented collaboration

Cyprus-Greece council kicks off for unprecedented collaboration

The 1st Cyprus-Greece High-Level Cooperation Council is taking place in Athens today, Friday, November 10....

Residential and agricultural land for sale by AstroBank

Residential and agricultural land for sale by AstroBank

AstroBank is selling agricultural and residential land in various areas of Cyprus such as Famagusta, Larnaca, Paphos, and Nicosia....

Netanyahu's rejection shakes up Gaza crisis

Netanyahu's rejection shakes up Gaza crisis

Benjamin Netanyahu rejected a deal for a five-day ceasefire with Palestinian militant groups in Gaza in return for the release of some of the hostages held in the territory early in the war, according to sources familiar with the negotiations....

The hunt for the killers of Kalogeropoulos ends with third arrest

The hunt for the killers of Kalogeropoulos ends with third arrest

Police in Cyprus said Friday they have arrested a third suspect in connection with the killing of a businessman who was gunned down outside a cafe in Limassol last month....

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