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571. As 2023 ends, banks and unions lock horns on pay structures

The banks and bank employees' unions are at odds over labor issues and the signing of new collective agreements. As we approach the end of 2023, no significant progress has been made in renewing collective agreements during the outgoing year....

572. Surge in Syrian asylum seekers amid drop in African arrivals

The Ministry of Interior disclosed an uptick in asylum applications from Syrians, predominantly arriving by sea, citing challenges in managing these individuals due to the perilous conditions in their home country. ...

573. Half of Cyprus loans vulnerable to Euribor and ECB rates

Half of the loans in Cyprus are "vulnerable" to euribor and the European Central Bank's (ECB) key rates. In 2024 and 2025, we may not expect further increases, but rather possible decreases, according to the Central Bank of Cyprus' Financial Stability Report for 2022....

574. Cyprus linked to Magnitsky case through luxury hotel investment

The international organization OCCRP, specializing in organized crime and corruption, has once again implicated Cyprus in investment cases related to the luxury hotel Cap St Georges in Peyia. The connection ties back to the infamous Magnitsky case, a high-profile tax fraud scandal in Russia....

575. Life expectancy in Cyprus drops amid COVID turbulence

Life expectancy in Cyprus took a hit, decreasing by a year, reveals the latest European Commission health profile. ...

576. Far-right claims victory as Macron's party divided over immigration

The French government is grappling with a political upheaval as Health Minister Aurélien Rousseau tenders his resignation in protest against a stringent immigration bill. ...

577. Bank of Cyprus expands with €58M loan acquisition

Agreement for the Acquisition of a Performing Loan Portfolio. ...

578. Businesses to cut greenhouse gas targets by 10%

Businesses revise climate targets as reality of long-term sustainability transformation hits. Sustainability progress plateaus as short-term pressures and external forces hit CSO agenda....

579. Preventive pediatrics expansion: Center takes on eight more diseases

''The CPP has been carrying out a project on behalf of the State for 35 years and covers the needs of the entire population of the country free of charge on a voluntary basis'', says Fotini Tsiridou, the president of the Association of Friends of the Center of Preventive Pediatrics ''Amerikos Argyriou'' and councillor of DISY, to ''K''....

580. CBC warns of non-performing loan surge amid economic challenges

The Central Bank of Cyprus (CBC) issued a warning on Monday, cautioning about the potential influx of non-performing loans (NPLs) driven by high-interest rates and inflation, which are impacting households' disposable income and businesses' profitability....

581. Tatar's plea to Russia to reshape diplomatic landscape

"I would like to ask the Russian leadership and the Russian people to reconsider their policy on Cyprus, especially after what happened in Ukraine and what is happening in the world with a multitude of global changes," Turkish Cypriot leader Ersin Tatar told the Russian state news agency TASS - as reported by the latter....

582. Authorities probe infant abuse by unlicensed childcare worker

583. Lisbon's homes unaffordable as prices hit record highs

In a dramatic twist, Lisbon finds itself grappling with a housing crisis, ranking second only to Athens in soaring housing costs among major European cities, reports Bloomberg. ...

584. UK and Cyprus to strengthen global collaboration

The UK Foreign, Commonwealth and Development Office Director General for Europe, Peter Wilson and the Republic of Cyprus Ministry of Foreign Affairs Permanent Secretary, Kyriacos Kouros chaired the first annual review of the UK-Cyprus Memorandum of Understanding....

585. Interior Minister highlights 75% reduction in African arrivals

In bilateral meetings held in Geneva, Interior Minister Konstantinos Ioannou emphasized the shift from illegal to legal migration channels, as stated in a press release by the Interior Ministry on Friday. ...

586. Government joins elite with third plea for €152.3M

Acting Permanent Secretary of DG Growth at the Finance Ministry, Andreas Zachariades, said on Thursday that as of Friday, Cyprus will be among the first ten EU member states that have submitted the third payment request from the Recovery and Resilience Mechanism of the EU....

587. 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....

588. One to three-star hotels dominate Greece’s accommodations

Three in four Greek hotels belong in lower categories of one to three stars, representing 50% of the country’s total capacity in terms of rooms, according to data from the Institute of Tourism Research and Forecasts (ITEP) of the Hellenic Chamber of Hotels....

589. Cypriots pack bags for record-breaking 2023 getaways

Cypriots are preparing suitcases for abroad, taking advantage of the short holidays offered by the Christmas and New Year celebrations....

590. Billionaire's great escape? Kolomoiskyi's Cyprus flight sparks alarm

In a twist of legal intricacies, Ukrainian authorities are on high alert following the release of billionaire oligarch Ihor Kolomoiskyi. ...

591. Cyprus supports EU rule on monitoring journalists

Cyprus is backing a controversial EU rule that allows government intelligence services to keep an eye on journalists for security reasons. ...

592. Surge in bounced checks worth €1.6 million in 2023

593. Cypriot bonds hold firm at €6.75 billion amid ECB moves

As of the end of November, data from the Cypriot Central Bank reveals that the Eurosystem maintained its holdings of Cypriot bonds valued at €6.75 billion...

594. Government employment hits record high

In ongoing discussions about new hires and the 2024 budget in Parliament, the focus is on the remarkable increase in government employment, surpassing levels from 2012....

595. 15.7% spike in building permit values

Despite the drop of total number of building permits during the first nine months of 2023, compared to the same period of 2022, their total value recorded an increase of 15.7%, and their volume went up by 2.9%....

596. Cyprus battles antibiotic overuse

In a recent press conference, The Pathological Society of Cyprus highlighted the alarming statistic that 1 in 2 citizens annually take antibiotics, leading to Cyprus outpacing other European countries in antibiotic consumption....

597. Cyprus records remarkable 6.7% jump in industrial index

The latest data from the Industrial Turnover Index for September 2023 show an annual increase of 0.6%, reaching 206.6 units (base 2015=100), compared to the figures recorded in September 2022....

598. Police investigate 494 cases of domestic violence in just 2 months

In just two months—September and October 2023—Cyprus Police investigated a staggering 494 cases of domestic violence, leading to the issuance of 93 arrest warrants. Nicosia reported 131 cases, Limassol 135, Larnaca 117, Paphos 37, Famagusta 68, and Morphou 6, highlighting a pervasive issue across the island....

599. Cyprus reports significant drop in joblessness

The latest data released by the District Labour Offices indicate a notable decline in registered unemployment rates for November 2023, both on a monthly and on a yearly basis....

600. Mortgage-to-Rent scheme sparks overwhelming interest as call centers inundated

In a significant response to the newly launched 'Mortgage to Rent' Scheme by the implementing agency, KEDIPES, the service center has been inundated with hundreds of calls since the official commencement of the initiative today....