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1141. Cyprus' 2022 household assets reach €59.7B, debt at €20B

In December 2022, the total value of financial assets held by households was €59.7 billion. Out of this amount, 62% was invested in currency, deposits, and loans, 2% was allocated to debt securities, 19% was invested in stocks, and the remaining 17% was invested in other types of financial instruments....

1142. More than 330,000 people displaced in Sudan due to conflict

Deadly conflicts in Sudan have displaced more than 330,000 people inside the country, while more than 100,000 have crossed the border to neighboring countries, the United Nations has announced....

1143. Decline in asylum approvals in Cyprus in 2022

According to data from Eurostat, the statistical service of the EU, EU countries granted protection status to 384,245 asylum seekers in 2022, up 40% from the previous year. However, in Cyprus, there was a significant decrease in protection status, with only 580 cases being granted (compared to 2,305 in 2021)....

1144. 100 Cypriot wines to feature new WineCore logo on packaging

The wine industry in Cyprus is at a turning point, as coordinated upgrading and promotion efforts are underway in both the private and public sectors. ...

1145. Cyprus ranks 3rd in EU for long working hours

A 9.7% of employed people in Cyprus (7% in the EU) worked long hours (working usually 49 hours or more per week) in their main job in 2022 according to data published by Eurostat, the statistical service of the European Union. Cyprus also had the third-largest percentage among all member states....

1146. Russian wave heads north as sanctions pick up in Cyprus

Russian businesses in the Republic of Cyprus are rumored to be moving to the northern part of the island to avoid sanctions, amid reports that more Cypriot nationals in the south are expected to be added to a new list of 'Russian enablers'...

1147. MINTHIS Spa wins a Gold Award in Cyprus Tourism Awards

We are proud to announce that MINTHIS and its world-class destination Spa has won a prestigious award at the Cyprus Tourism Awards 2022. ...

1148. Labor Minister proposes compromise on CoLA issue

Labour Minister Yiannis Panagiotou presented a mediation proposal on the CoLA issue to trade unions and employers' organizations on Friday morning (28/04)....

1149. Non-performing loans in Cyprus rise to €2.32 billion in January 2023

Non-performing loans (NPLs) rose by €12.8 million in January 2023 compared with December 2022, amounting to €2.32 billion or 9.5% of total loans....

1150. Household electricity and gas prices surge across EU in 2022

In the second half of 2022, average household electricity prices in the EU continued to show a sharp increase compared with the same period in 2021, from 23.5 euros per 100 kWh to 28.4 euros per 100 kWh in the EU, and from 23.0 euros per 100 kWh to 32.6 euro per 100 kWh in Cyprus, according to data released by Eurostat, the statistical service of the EU....

1151. Cyprus outlines new approach to gender equality

Cyprus ranks 22nd out of 27 EU Member States in terms of gender equality, according to the European Institute for Gender Equality's Indicators, said Commissioner for Gender Equality Josie Christodoulou....

1152. New law will require presidential candidates to disclose donations

Today (Wednesday, April 26), the Parliament's Institutions Committee began discussing the law proposal submitted by DISY MP and chairman of the Committee, Demetris Demetriou, on behalf of his party's Parliamentary Group, ...

1153. Lack of aircraft preventing global air travel recovery

The air travel industry has recently been facing delays in aircraft deliveries, a problem that is not allowing it to fully recover from the pandemic....

1154. Occupied areas: Cable cars planned for Bellapais and Saint Hilarion

"The cable cars in Bellapais and Saint Hilarion, which are in the final stages of planning, are among the most significant projects in the development of alternative tourism," said "Minister of Tourism, Environment and Culture" and President of the "TRNC" DK, Fikri Ataoglu....

1155. Russia-Ukraine conference bogged down over Cyprus

Another odd exchange about Cyprus with references to age and sexism ended up crashing an international conference on Russia and Ukraine on Monday in Prague, where Cypriot House Speaker Annita Demetriou took exception to her Turkish counterpart’s response after he took issue with her Turkish-Russian invasion analogy...

1156. Fiscal surplus of €570.2 mn and 86.5% debt to GDP ratio in 2022

The Statistical Service announced on Friday a fiscal surplus of €570.2 mn, which corresponds to 2.1% of GDP and a fiscal debt of €23,371.1 mn, which corresponds to 86.5% of GDP....

1157. TaxApp.cy: The easy way to submit a tax return

With TaxApp, taxpayers can easily and quickly submit their tax returns while ensuring correct submission. ...

1158. Eurostat: Drop in driving lesson prices in Cyprus and rise in EU

According to data released by Eurostat, prices for driving lessons and relevant services dropped by 1.6% in 2022 in Cyprus, while increasing in all other EU member states and by 4.8% overall in the EU....

1159. Cypriot hourly wages still below EU average

In 2022, the average hourly wages and salaries in the whole economy were estimated to be 15.6 euros in Cyprus, 22.9 euros in the EU and 25.5 euros in the euro area, according to data released by Eurostat, the statistical service of the EU. Compared with 2021, they increased by 7.5% in Cyprus, by 4.4% in the EU and by 4.0% in the euro area...

1160. ''The impact of sanctions go beyond individuals and companies''

George Christofides, Vice President of the Bar Association, addressed the sanctions imposed by the UK and US on legal and natural persons in Cyprus during an interview on the ''DIASPORA NEWS'' program. ...

1161. Greece admits Predator sale to Sudan but denies implication

A private airplane that flew from Cyprus to Sudan last year had delivered the infamous Predator surveillance software, with the Greek government admitting the export but denying any involvement in the ongoing civil war there...

1162. Child porn felon freed in photo fakery case

The Supreme Court in the Republic of Cyprus has commuted a child porn prison sentence of a man in Larnaca after it emerged that images used to incriminate him were not real...

1163. Trickier travel looms as Eurostar ends direct trains from London to Disneyland Paris

Families that plan to go to Disneyland Paris from the United Kingdom this summer will have to rethink their plan of how to get there as Eurostar is set to end its direct trains from London to this destination....

1164. Numerous foreclosure sales expected in 2023 and 2024

The COVID-19 pandemic and the subsequent suspension of divestments since 2020 have led to the creation of a considerable volume of properties for disposal that banks and credit purchase companies have on their balance sheets....

1165. Excess deaths down in EU but not in Cyprus

For the first time since the beginning of the COVID-19 pandemic, there was no excess mortality recorded in the EU in February 2023, while Cyprus recorded the highest rate of excess mortality during the same month, according to data published by Eurostat...

1166. FBI arrests 2 for running Chinese police station in NY

Two men have been arrested by the FBI for allegedly running a covert station for China’s police force in New York. The station, which was allegedly set up in February 2022 in Manhattan’s Chinatown, was operated by Beijing’s Ministry of Public Security (MPS) and used as a base to track Chinese dissidents living in the US....

1167. Cyprus tourism surges with 61% increase in Q1 2023

Tourist arrivals to Cyprus went up by 61% during the first quarter of 2023, reaching 393,893, compared to 244,705 in the corresponding period of 2022, according to data published by the Cyprus Statistical Service on Tuesday....

1168. BOC to pay dividends after 12 years

The Bank of Cyprus is the first bank in Cyprus and Greece to receive approval from the European Central Bank (ECB) to pay dividends. The lender is expected to resume paying dividends to its shareholders after 12 years....

1169. Delivery driver middleman scandal widens

A recent traffic accident has prompted police to widen a fraud investigation that began in Limassol and now has reached the capital, following revelations that foreign food delivery drivers in Cyprus were paying middlemen to secure driver permits through the state’s austere system...

1170. F1's Leclerc chases watch thieves in custom Ferrari, caught on video