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1021. CBC estimates GDP growth at 2.6% in 2023

The Central Bank of Cyprus (CBC) has marginally upgraded its projections for GDP growth this year citing the slightly improved prospects in the external economic environment and the anticipated lower energy prices, amid the continued war in Ukraine....

1022. Asylum applications up by 490% since 2016

Interior Minister Constantinos Ioannou told MPs on Thursday that the number of applications for international protection increased by 490% since 2016, pointing out the need to implement an EU action plan for the Eastern Mediterranean with a view to reducing migratory flows....

1023. Slight increase in fuel prices

A slight increase in fuel prices was recorded in the last three weeks in Cyprus, according to the Consumer Protection Service (CPS) of the Ministry of Energy, Commerce and Industry. ...

1024. US report: Harsh conditions in Cyprus prisons

The US State Department's Human Rights in Cyprus 2022 report highlights significant human rights issues in Cyprus. The report states that there were credible reports of harsh conditions in prisons and detention centers, particularly for asylum seekers....

1025. Many Cypriots are climate-aware and ready to fight

According to the European Investment Bank's (EIB) annual Climate Survey, 83% of Cypriots under 30 consider the environmental impact of their future job to be a significant factor in their career choice, while 25% consider it a top priority....

1026. US report on Cyprus notes rise of antisemitism

A US report on Cyprus highlights significant human rights issues including reports of abuse and harsh conditions in detention centers for asylum seekers...

1027. High prices continue to plague the market

1028. Cocaine use in Cyprus low compared to European average

Larnaca and Limassol have the highest use of methamphetamine in Cyprus, according to a study conducted by the European Monitoring Centre for Drugs and Drug Addiction....

1029. One in two Cypriots considers it easy to start a business

Approximately one in two Cypriots considers it easy to start a business in Cyprus, according to the Global Entrepreneurship Monitor (GEM) Cyprus Report 2021/2022...

1030. Travel between US and Europe increased by 87% in February 2023

The recent data released from the International Trade Administration (ITA) has revealed that international air travel to and from the United States and Europe saw an increase of 87.1 percent in February 2023,...

1031. Austrian chancellor calls for 'very high' walls at EU borders

Austrian Chancellor Karl Nehammer has demanded that the EU external border should be fenced by a high wall in an effort to curb illegal migration as more refugees are coming to Europe....

1032. Italy weighs in as Cypriot fund goes after Lukoil plant

An Israeli-backed Cypriot fund’s deal to buy a Lukoil-owned refinery in Italy is hanging in the balance ahead of a Cabinet meeting in Rome possibly this week, when veto powers would be weighed against energy hub aspirations that could replace Russian gas and put the final nail in the coffin of a proposed EastMed pipeline...

1033. Inflation sees downward trend for 7th month in a row

The cost of living in Cyprus has decreased for the seventh month in a row, with the rate of inflation dropping to 6.7% in February. This is down from a peak of 10.6% in July 2022. ...

1034. Job vacancies declined by 18.9% to a total of 7,821

The number of job vacancies in the 4th quarter of 2022 decreased by 1,822 (-18.9%) compared to the same quarter of the previous year when the number was 9,643....

1035. Health Ministry confirms typo led to confusion over 8-Year-old's flu death

The Ministry of Health has confirmed that a typographical error in its database was responsible for the incorrect news that an 8-year-old girl had died from Influenza A....

1036. Greece accuses woman of being Russian spy

Greece’s National Intelligence Service is accusing a shop owner in Athens of being a Kremlin asset, as security services throughout Europe have been cracking down on alleged Russian spies dubbed the 'illegals'...

1037. Tax Department: €70 million in taxes refunded - €200 million to be collected

An intensive effort by the Tax Department in recent months has resulted in a refund of over €70 million in excess taxes, with an additional €200 million expected to be collected, according to Tax Inspector Sotiris Markides. He emphasized that the Department aims to clear all outstanding Company and Individual Returns by the end of 2023....

1038. Death toll from flu cases at 14, including an 8 year old girl

Fourteen people have died from Influenza in Cyprus this winter, among them an 8-year-old girl, who passed away at the Limassol General Hospital, after being treated in the Intensive Care Unit....

1039. 1,300 loan applications submitted for Oikia scheme

Applications for 1,318 potentially eligible loans involving a total amount of €131.1 million were submitted under the Oikia scheme, which is a loan management plan with government funds granted under Government Housing Plans....

1040. Petrol stations open their doors to electric mobility

Petrolina Holdings Public announced last month the installation of the first state-of-the-art electric vehicle rapid charging charger at its petrol station in Larnaca's GSZ district....

1041. Deportation scheme agreed upon by EU interior ministers in secret

A report published by Statewatch and Heinrich Böll Stiftung has revealed that the European interior ministers signed a secret joint statement last year that committed EU/Schengen Area countries to increase financial as well as material support for deportations from the Balkans....

1042. KEDIPES: Interest subsidies for good loans in 2023

As a reward for borrowers who stick to the repayment schedule of their credit facilities for the year 2023, KEDIPES is moving forward with an interest subsidy for restructured credit facilities that have the ECB base rate as their base rate....

1043. Police union takes issue with police body cam bill

Cypriot law enforcement officers could soon were body cameras while responding to incidents, but a bill proposal going through a House committee this week could be delayed by objections from police unions...

1044. 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....

1045. 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....

1046. Price of eggs in Cyprus up by 23%

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

1047. 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), ...

1048. 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,...

1049. 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....

1050. 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....