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12° Nicosia,
06 October, 2024
 

News Stream

Trade deficit increased by 163.5% in January 2023

Trade deficit increased by 163.5% in January 2023

A large increase was recorded in the trade deficit in January 2023 according to preliminary data published on Monday by the Statistical Service, since the increase in imports was more than three times the increase in exports....

Banks around the world feel force of SVB fallout

Banks around the world feel force of SVB fallout

U.S. President Joe Biden vowed to do whatever was needed to address a threatened banking crisis after the collapses of Silicon Valley Bank and Signature Bank forced regulators to step in with emergency measures....

HSBC buys failed Silicon Valley Bank in bid to stem fallout

HSBC buys failed Silicon Valley Bank in bid to stem fallout

Governments in the UK and the U.S. took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down....

British High Commissioner visits Voice for Autism, makes donation

British High Commissioner visits Voice for Autism, makes donation

British High Commissioner in Nicosia, Irfan Siddiq, visited recently the Nicosia-based NGO, Voice for Autism to see first-hand the brilliant work carried out in support of young people of the community, a press release by the High Commission says....

Nicosia-Athens coordinating body established

Nicosia-Athens coordinating body established

Cyprus President Nikos Christodoulides and Greek Prime Minister Kyriakos Mitsotakis announced the establishment of a joint coordination body between Greece and Cyprus, during their statements, on Monday, in Athens....

TechIsland Association Launches the 1st Annual TechIsland Awards to recognize outstanding contributions to the tech industry in Cyprus

TechIsland Association Launches the 1st Annual TechIsland Awards to recognize outstanding contributions to the tech industry in Cyprus

The TechIsland Association is excited to announce the launch of the TechIsland Awards, a new annual award program designed to recognize and celebrate the outstanding contributions of individuals, companies, and projects that are making a significant impact on the development and growth of the tech and innovation industry in Cyprus....

Price of eggs in Cyprus up by 23%

Price of eggs in Cyprus up by 23%

According to data released by Eurostat, food prices have significantly risen in 2022....

Number of children being investigated for sexual abuse in Cyprus still high

Number of children being investigated for sexual abuse in Cyprus still high

The number of children referred for investigation for sexual abuse has remained consistently above 400 for the past two years, according to the "Hope For Children" CRC Policy Center (HFC), ...

Real estate trends in 2023

Real estate trends in 2023

Increased inflation, rising interest rates, rising building costs, rising property values, a slight decline in new development approvals, a slight decline to stabilization in the unemployment rate, a slight increase in GDP, and a slight decline in private lending are just a few indicators of the (very) general economic picture....

Russians top list of property buyers in the first months of 2023

Russians top list of property buyers in the first months of 2023

Russian nationals were by far the largest group of foreign real estate buyers in Cyprus during the first two months of 2023, according to data by the Department of Lands and Surveys,...

US specialist in Cyprus to treat patient's rare disease, 100% funded by EU

US specialist in Cyprus to treat patient's rare disease, 100% funded by EU

A significant development in the EU medical industry has occurred in Cyprus involving EU cross-border treatment. Greece's National Healthcare Service (EOPYY) recently approved using the "Planned medical treatment abroad" scheme to cover the costs of a Greek patient receiving surgical treatment for a rare disease by a world-leading US-based surgeon in a private hospital in Cyprus. ...

Police seize close to 100K bangers ahead of Easter

Police seize close to 100K bangers ahead of Easter

Three local men were arrested on Sunday in Paphos after they were caught in the act of possessing and transporting illegal fireworks, as police try to disrupt the supply chain ahead of Greek Easter holidays...

Boyfriend arrested in woman’s cliff death in Paphos

Boyfriend arrested in woman’s cliff death in Paphos

A man who says his girlfriend slipped and fell to her death in coastal Paphos over the weekend has been arrested on premeditated charges, after a post mortem showed injuries inconsistent with a free fall...

Cypriot president 'plays safe' on first overseas trip

Cypriot president 'plays safe' on first overseas trip

Cypriot President Nikos Christodoulides took a commercial flight to Athens on Sunday for his first trip overseas since taking office, with reports saying the presidential aircraft was grounded due to a minor mechanical problem...

Week starts off with strong winds and heavy rain

Week starts off with strong winds and heavy rain

A severe weather alert has been issued for Monday in Cyprus where isolated thunderstorms and possible hailstorms are expected along with daytime strong winds...

Woman dead at bottom of cliff in Paphos

Woman dead at bottom of cliff in Paphos

Paphos police are investigating the death of a foreign woman whose body was found in a coastal area at the bottom of a cliff near a famous tourist attraction...

UK to pay France half a billion pounds to end channel crossings

UK to pay France half a billion pounds to end channel crossings

Britain is to pay France almost half a billion pounds over the next three years in a high-stakes gamble to end Channel migrant crossings....

Finance minister calls on banks to delay foreclosures

Finance minister calls on banks to delay foreclosures

The Finance Ministry is considering possible actions to tackle non-performing loans and is examining a set of measures aiming to address the issue, ...

Saudi Arabia and Iran to re-establish diplomatic ties

Saudi Arabia and Iran to re-establish diplomatic ties

Saudi Arabia and Iran reached an agreement that paves the way for the re-establishment of diplomatic ties after a seven-year split, a major realignment between regional rivals, the countries said Friday in a joint statement....

Musk building 'utopian' town for employees

Musk building 'utopian' town for employees

Elon Musk has reportedly bought thousands of acres of land about 35 miles outside of Austin and plans to build his own town there for employees to live and work....

Digital app to compare product prices in the works

Digital app to compare product prices in the works

Following the withdrawal of the Household Basket proposal in Cyprus, the Consumer Protection Service is now promoting the preparation of a bill for the implementation of a digital tool that will enable the daily comparison of retail prices of products....

Nicosia among small European cities of the future

Nicosia among small European cities of the future

Nicosia ranks first in the category of small European cities of the future for human capital and lifestyle, according to the results of the European Cities & Regions of the Future 2023 global ranking....

Mostly clear over the weekend with a chance of showers

Mostly clear over the weekend with a chance of showers

When are the rains coming...

Free flights for students traveling from Athens to Thessaloniki

Free flights for students traveling from Athens to Thessaloniki

SKY Express is offering free flights to students traveling between Athens and Thessaloniki....

Latvia: Confiscated cars from drunk drivers sent to Ukraine

Latvia: Confiscated cars from drunk drivers sent to Ukraine

The first of hundreds of cars confiscated by Latvian authorities from drunk drivers have started their journey to Ukraine, where Riga hopes they’ll help Kyiv with its war efforts....

Investigations into train crash reveal mistakes and inexperience

Investigations into train crash reveal mistakes and inexperience

The official documents of the case file on the tragic train collision in northern Greece on the night of February 28 highlight in the most damning way the sequence of mistakes and omissions as well as the lack of communication between railway employees and, in one case, lack of experience....

Kombos rules out Turkish proposals during Athens visit

Kombos rules out Turkish proposals during Athens visit

Greece will continue to fully support the effort for a just and viable solution to the Cyprus problem, Greek Foreign Minister Nikos Dendias said after a meeting he held in Athens with Cyprus Foreign Minister Costantinos Kombos. The Cypriot FM noted in the joint statements after the meeting with Dendias, that no solution that will permanently divide the country nor a two-state solution will ever be accepted....

Cypriot law enforcement to shed Schengen’s lone sheep status

Cypriot law enforcement to shed Schengen’s lone sheep status

Justice Minister Anna Koukkides-Prokopiou has said she is pleased with the launch of the Schengen Information System (SIS) and the fact that the Republic of Cyprus will be able to have access to the system starting from the end of July. ...

EU Commissioner Kyriakides in Cyprus for meetings

EU Commissioner Kyriakides in Cyprus for meetings

Stella Kyriakides, Commissioner for Health and Food Safety, is in Cyprus for a series of meetings on Friday...

President says ‘Cyprus on right side of history’ in Ukraine

President says ‘Cyprus on right side of history’ in Ukraine

The solution of the Cyprus problem is a top priority of his administration, President Nikos Christodoulides said, in an interview with the Hellenic Broadcasting Corporation (ERT) on Thursday evening ahead of a visit he will pay Greece next week...

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