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12° Nicosia,
29 September, 2024
 

News Stream

Cyprus banks receive upgrades, signal economic resilience

Cyprus banks receive upgrades, signal economic resilience

In a series of significant upgrades for Cypriot banks, Fitch Ratings has elevated the Bank of Cyprus and Hellenic Bank's credit ratings, underscoring a positive trajectory for the country's financial sector, according to a report by Panayiotis Rougalas in this Sunday's Kathimerini....

Cyprus faces hurdles in connecting to European electricity grid

Cyprus faces hurdles in connecting to European electricity grid

A critical regional energy project aiming to connect Cyprus to the European electricity grid has hit significant roadblocks, threatening the country's bid to end its energy isolation as the last EU member-state without such a connection....

Goody's returns to Nicosia

Goody's returns to Nicosia

The beloved Greek fast food chain Goody's has made a triumphant return to Nicosia, opening its doors at The Mall of Cyprus on June 19, according to a report in this Sunday's Kathimerini by Anna Polyviou....

Letter from retired Deputy Chief exposes serious issues in Cyprus National Guard

Letter from retired Deputy Chief exposes serious issues in Cyprus National Guard

The recently retired deputy chief of the Cyprus National Guard, Lieutenant General Loukas Hadjimichael, has raised serious concerns about the state of the military force in a farewell letter....

Starmer ends Rwanda asylum plan, calls for practical solutions

Starmer ends Rwanda asylum plan, calls for practical solutions

Newly elected Prime Minister Keir Starmer announced today that his government will not proceed with the previous administration's plan to send asylum seekers arriving in small boats to Rwanda....

Zambartas Winery thrives with Cypriot grapes

Zambartas Winery thrives with Cypriot grapes

Markos Zambartas is deeply passionate about winemaking, viewing it as a reflection of his soul. As a second-generation winemaker, he studied oenology......

Bronze age relics unearthed at Erimi-Pitharka, Limassol

Bronze age relics unearthed at Erimi-Pitharka, Limassol

The Erimi-Pitharka archaeological site, in Limassol district, dates to the Late Bronze Age, in accordance with previous findings, a press release issued by the Department of Antiquities of the Deputy Ministry of Culture says....

Young women look decades older due to early botox use

Young women look decades older due to early botox use

Recent Love Island contestants Nicole Samuel, Jess White, and Harriet Blackmore have ignited discussions about the impact of cosmetic procedures on young women's appearances....

Accurate dating of Kyrenia shipwreck confirmed

Accurate dating of Kyrenia shipwreck confirmed

Using various lines of evidence researchers have determined that the Kyrenia shipwreck had been constructed between about 345-313 BC and sank between about 286-272 BC......

Cyprus' 300 fintech firms boost economy, says Georgoulas

Cyprus' 300 fintech firms boost economy, says Georgoulas

The Economist's 28th Annual Government Roundtable concluded with great success in Greece, running from July 2-4....

Complaint filed against Larnaca Wetland construction

Complaint filed against Larnaca Wetland construction

The Larnaca Salt Lake Wetland Protection Group has raised alarms over recent interventions in the Natura 2000 site, urging immediate action to halt ongoing projects....

Wolt welcomes historic collective agreement for delivery drivers

Wolt welcomes historic collective agreement for delivery drivers

Wolt has welcomed the first-ever collective agreement in the fleet management sector, marking a major step forward for the industry. This agreement, reached through the joint efforts of the Ministry of Labour, fleet management companies, and unions, is set to benefit delivery drivers, businesses, and consumers....

State to cover €12M shortfall from licensing revenues

State to cover €12M shortfall from licensing revenues

Interior Minister Konstantinos Ioannou expressed satisfaction with the progress of the Local Government Reform, despite minor issues during the initial days of its implementation....

Stella Kyriakides steps down, backs von der Leyen reelection

Stella Kyriakides steps down, backs von der Leyen reelection

Stella Kyriakides, the European Commissioner for Health and Food Safety, announced her decision to conclude her current mandate and return to Cyprus....

Mallias Winery: Reviving Cyprus's ancient grape varieties

Mallias Winery: Reviving Cyprus's ancient grape varieties

In the 1990s, Mallias Winery, originally established by KEO in 1927, played a pivotal role in redefining Cypriot wine by rescuing indigenous grape varieties on the brink of extinction....

Resolution on drug shortage issue expected next week

Resolution on drug shortage issue expected next week

Health Minister Michalis Damianos anticipates a solution to the ongoing drug shortage issue by early next week, he announced Friday....

Cyprus Law Commissioner teams up with Ireland to improve legal system

Cyprus Law Commissioner teams up with Ireland to improve legal system

Law Commissioner Louisa Christodoulou Zannetou recently engaged in a virtual meeting with Ireland’s Law Reform Commission Chairman Justice Frank Clarke and Commissioner Richard Barrett. ...

Nissi Beach in Ayia Napa named best in Europe for 2024

Nissi Beach in Ayia Napa named best in Europe for 2024

Ayia Napa's Nissi Beach has once again clinched a prestigious accolade, being crowned the top beach in Europe for this year by travel insurance experts at Quotezone.co.uk....

Ice cream prices melt wallets by 8.07% more

Ice cream prices melt wallets by 8.07% more

As temperatures rise, so do the prices of summer essentials in Cyprus, with ice creams, package holidays, and hotel stays seeing noticeable hikes compared to last month, according to data released by the Cyprus Consumers Association....

Surge in corporate loans despite interest rate hike

Surge in corporate loans despite interest rate hike

The Central Bank of Cyprus has released its latest data revealing notable shifts in financial trends for May 2024. Despite a 0.52% uptick in lending rates for non-financial corporations borrowing amounts over €1 million, new loans to these entities surged by 10% compared to the previous month. ...

Nesil Caliskan elected as first British MP of Turkish Cypriot origin

Nesil Caliskan elected as first British MP of Turkish Cypriot origin

For the first time, a candidate of Turkish Cypriot origin has been elected in the British general elections. Nesil Caliskan, representing the Labour Party, secured her victory in the Barking constituency in east London, according to the Kipris Post website....

Disney heir withholds donations, backs Harris over Biden

Disney heir withholds donations, backs Harris over Biden

In the aftermath of the first debate of the 2024 presidential campaign, Democratic circles are grappling with heightened concerns following calls for President Joe Biden to withdraw from the race....

Luxury retailers Saks and Neiman Marcus merge in big deal

Luxury retailers Saks and Neiman Marcus merge in big deal

A new luxury retail giant is emerging in the United States as the parent company of Saks Fifth Avenue acquires Neiman Marcus for $2.65 billion....

Cyprus requests €89.2M in EU grants for recovery plan

Cyprus requests €89.2M in EU grants for recovery plan

The European Commission received a payment request on Thursday from Cyprus for €89.2 million in grants, netting €76.9 million after pre-financing....

Labour Party triumphs, Keir Starmer to become Prime Minister

Labour Party triumphs, Keir Starmer to become Prime Minister

The Labour Party has secured victory in Britain’s general election, marking the first change in power in 14 years. ...

Real estate investment opportunities by AstroBank

Real estate investment opportunities by AstroBank

AstroBank has listed for sale a commercial property consisting of three shops in Larnaca as well as residential and agricultural real estate ideal for investment in Larnaca, Paphos, and Famagusta....

Greece bucks trend with six-day work week

Greece bucks trend with six-day work week

Greece has introduced a six-day working week for certain businesses in an effort to increase productivity and employment, according to a report by CNBC. ...

Feud erupts at top of Cyprus National Guard

Feud erupts at top of Cyprus National Guard

The National Guard of Cyprus faces a serious challenge to its military discipline following a public conflict between top officials. This marks the second such incident in six years....

Perfect beach and mountain weather ahead, sunny skies await

Perfect beach and mountain weather ahead, sunny skies await

Good morning, sunseekers! It's Friday, and summer is in full swing. As you plan your beach or mountain getaway, here's what to expect from Mother Nature today....

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