The Cypriot banking system's net interest income (NII) saw a remarkable doubling in the first half of 2023, marking an annual increase of 100%, primarily due to the ongoing rate hikes by the European Central Bank (ECB) aimed at tackling rising inflation....
Cypriot Deputy Minister, Costas Koumis has proposed joint tourist packages between Saudi Arabia and Cyprus, focusing on the Saudi City of Neom which lies about two hours from Cyprus....
In celebration of World Tourism Day, the Cyprus Chamber of Commerce and Industry reaffirms its commitment to supporting Cypriot tourism businesses on their journey toward sustainability.
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In the 2024 Budget, there's a notable rise of EUR 0.5 billion in public personnel expenditure. According to the Council of Ministers' approved budget table for 2024, this marks a substantial increase of 496 million euros. In terms of percentages, this surge amounts to 15.4% compared to the personnel expenditure allocated for the public sector in 2023....
Sweden’s prime minister on Thursday said that he’s summoned the head of the military to discuss how the armed forces can help police deal with an unprecedented crime wave that has shocked the country with almost daily shootings and bombings....
Yiannis Antoniou, the newly appointed deputy government spokesman, assured that there would be no question of overtime in his role, recognizing the demanding hours the position entails....
Fashions come and fashions go, but with each year that passes Lexus reliability remains constant. The lasting quality of its vehicles has been validated yet again with the number one ranking in the annual What Car? Reliability Survey for a seventh time....
European Parliament's Standing Rapporteur for the missing persons in Cyprus, Isabel Santos, stressed on Thursday during a meeting she had with Turkish Cypriot leader, Ersin Tatar, the need to speed up the process for establishing the fate of missing persons....
The Senate Foreign Relations Committee’s new chairman on Thursday said he would look at Turkey’s $20 billion Lockheed Martin F-16 fighter jet deal and that more issues than Sweden’s ascension to NATO would affect the decision on lifting his predecessor’s longstanding hold....
As of August 28, 2023, parents of eligible children up to four years old can apply for the Child Tuition and Feeding Subsidy Scheme through a dedicated online platform. The initiative aims to provide financial support to parents for early childhood education and nutrition....
The countdown has begun for the 4th Cyprus Cocktail Festival, recognized as one of the top 15 Cocktail Festivals worldwide by the esteemed guide "Drinks Feed." Enthusiasts are eagerly anticipating this vibrant event....
For the fifth consecutive year, EY Cyprus was named Transfer Pricing Firm of the Year by the International Tax Review (ITR) in recognition of the high-quality tax services offered. ...
Menelaos Menelaus, commonly known as "Melios," has spoken out about the presence of two bears discovered on his premises, which used to operate as a zoo....
Households are set to face another financial hit as electricity bills are expected to increase by 4.56%, coinciding with a continued upward trend in energy costs....
Foreigners who lie about their age to benefit from a protection scheme reserved for unaccompanied minors arriving in Italy will be deported under a security decree expected to be approved by Giorgia Meloni’s cabinet on Wednesday as part of her far-right government’s crackdown on irregular immigration....
As part of the program of Literacy Courses for Turkish Cypriot Adults at the State Institutes of Further Education, free Greek language courses are offered to all Turkish Cypriot / Turkish-speaking citizens of the Republic of Cyprus, who have a Republic of Cyprus identity card....
President of the Republic Nikos Christodoulides departs Friday for Malta to participate in the MED9 Summit, which will take place in Valletta in the afternoon of the same day....
The Central Bank of Cyprus has completed the tender for a new digital platform for customer compliance, said CBC Governor Constantinos Herodotou, speaking at an event organized by the Association of Cyprus Electronic Money and Payment Institutions, on Thursday afternoon....
Cyprus has taken robust measures to address the escalating migration flows from the east, particularly from Lebanon, in close collaboration with its neighbor....
In a unanimous decision, the plenary session of the Parliament has approved a groundbreaking harmonizing law aimed at empowering consumers to protect their collective interests effectively....
