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1051. Understanding price levels in Cyprus and how they compare to the EU average

According to the latest data from Eurostat, the statistical service of the European Union, the price levels for household expenses in Cyprus were 91% of the EU average in 2022....

1052. Ineia community leader denies shed conversions in Akamas

The community leader of Ineia, Yagos Tsivikos, strongly denies reports suggesting the conversion of traditional sheds into summer villas in Akamas. In an open letter, he dismisses these claims as deliberate misinformation, asserting that there are already numerous sheds in Ineia....

1053. Health Ministry increases IVF subsidy to boost fertility rates

In an effort to combat under-fertility and bolster population growth, the Council of Ministers has approved a proposal to revise the subsidy scheme for infertility treatment in Cyprus. ...

1054. Europe urged to preserve access to protection on World Refugee Day

On this World Refugee Day, Caritas Europa is calling for Europe to prioritize access to protection within its territory and overhaul its asylum system to prioritize the rights of individuals. ...

1055. Tourist arrivals soar as May 2023 records impressive 33.3% surge

The arrivals of tourists reached 420,076 in May 2023 compared to 315,018 in May 2022, recording an increase of 33.3%, according to data published by the Cyprus Statistical Service on Tuesday....

1056. Cyprus economy thrives: FinMin foresees robust growth and fiscal stability

During the 2023 Annual General Meeting of the Cyprus Bankers Association, the Minister of Finance, Mr. Makis Keravnos, discussed the current state and future prospects of the Cyprus economy, particularly focusing on the banking sector. ...

1057. It's a race against time as rescuers scramble to locate missing sub

Rescuers in a remote area of the Atlantic Ocean raced against time early Tuesday to find a missing submersible carrying five people on a mission to document the wreckage of the Titanic, the iconic ocean liner that sank more than a century ago....

1058. Cyprus road deaths down 18% last year

There were 20,678 deaths on EU roads in 2022, a collective increase of 4% compared to 2021, according to the 17th Annual Road Safety Performance Index (PIN Report), released Tuesday, by the European Transport Safety Council (ETSC). Out of the 32 countries monitored by the PIN programme, only 13 registered a decrease in road deaths in 2022, compared to 2021. Slovenia was ranked first with a 25% reduction, followed by Latvia with 23% and Lithuania and Cyprus with 18%...

1059. Dubrovnik sees surge in tourism with 32% increase in arrivals

The mayor of Dubrovnik, Mato Frankovic, has made the decision to ban wheeled suitcases due to the noise they generate on the city streets. ...

1060. Leading brands pledge jobs for thousands of refugees

The companies - which include Amazon, Accenture, and Adidas - have committed to hiring and training over 250,000 refugees in the next three years....

1061. Construction materials prices stabilize as index drops in May

Construction materials prices started to stabilize in Cyprus, with the Price Index of Construction Materials decreasing 0.06% in May, compared to April, according to data published by the Cyprus Statistical Service on Monday. The Price Index of Construction Materials for May 2023 reached 135.51 units (base year 2015=100)....

1062. Almost 108,000 drivers exceed speed limits

Since the official implementation of the photo certification system on January 1, 2022, a staggering total of 132,982 out-of-court complaints have been filed....

1063. Cablenet: The Fastest Growing Mobile Network

1064. Deadly Mediterranean shipwreck exposes desperate migrant journeys

Wednesday’s deadly shipwreck off southern Greece, involving a large boat carrying migrants that capsized after apparently rebuffing offers of help, is just the latest case of smugglers packing vessels full of desperate people willing to risk their lives to reach continental Europe....

1065. Backlash over Cyprus' VAT refund change

The recent decision made by the Department of Customs to raise the expenditure limit for VAT refunds to third-country travelers visiting Cyprus is receiving criticism for its adverse effects on tourism expenditure....

1066. California: Dismantling women's rights in the name of progressivism

Are there still women in California? They seem to have ceased to exist – at least as far as the state’s laws are concerned....

1067. Cablenet and Plume expand partnership in intelligent connectivity for Cyprus homes

Cablenet and Plume joined forces once again in Nicosia to celebrate their successful collaboration and discuss plans for future expansion. The two partners in intelligent connectivity convened to review their market achievements and explore opportunities for growth....

1068. Christodoulides' pledge to safeguard Cyprus' reputation

President of the Republic Nikos Christodoulides has stressed that the government will not allow a very small minority of people in the country to tarnish Cyprus' reputation, which was built after many years of effort....

1069. Nicosia real estate market surges, indicating recovery

Nicosia, the capital city, has broken free from a six-month period of stagnation, exhibiting promising signs of recovery....

1070. Sylvio Berlusconi dead at 86

Former Italian Prime Minister Silvio Berlusconi has died following a tough battle with leukemia....

1071. Trump indicted on 37 federal counts

Former President Trump was indicted on 37 federal counts, including willful retention of national defense information, conspiracy to obstruct justice, and false statements, according to an unsealed copy of the indictment obtained by Fox News....

1072. Aegean and Cyprus Airways join forces with code-sharing agreement

In a significant move that aims to enhance connectivity and offer improved travel options, Aegean and Cyprus Airways are preparing to announce strategic cooperation through a code-sharing agreement....

1073. Almost 130,000 out-of-court fines imposed on road safety

In a recent interview with Chief Sergeant Tasos Asiikkis of the Traffic Department at the Police Headquarters, some astonishing numbers regarding the implementation of photo-recording cameras have come to light....

1074. Cyprus banking sector maintains stable solvency ratio

The overall solvency ratio of the Cyprus banking sector stood at 21.2% at the end of December 2022, the same as September 2022, according to data published by the Central Bank of Cyprus on Wednesday....

1075. Declining new loans in Cyprus signals economic shifts

In April 2023, Cyprus experienced a notable decline in new lending, as reported by the Central Bank of Cyprus. ...

1076. Regulatory change delays electric air taxi market entry

The era of electric air taxis is near, but a regulatory change has created an obstacle for manufacturers. ...

1077. Cyprus housing prices rise amid increased demand

During the fourth quarter of 2022, housing prices in Cyprus continued their upward trend, driven by increased construction costs and higher demand....

1078. Finance minister warns of VAT consequences

With the deadlines long expired and the saga of amending the Value Added Tax Law to apply the reduced rate of 5% to specific residential square meters dragging on, Finance Minister Makis Keravnos sounds the alarm, emphasizing the palpable risk of Cyprus being taken to the European Court and fined....

1079. Cyprus's slow ride on the electric car bandwagon

We are slowly rushing towards zero-emission transportation. The data from new vehicle registrations indicate that while the numbers are increasing, the percentage of electric cars on Cypriot roads remains limited....

1080. Registered jobless numbers drop in May indicating declining unemployment

According to data from the Provincial Labour Offices, the number of registered unemployed individuals at the end of May 2023 decreased to 10,357 persons, marking a decline compared to both the previous month and May of the previous year....