Search

1. Climate change and increased wildfires

The occurrence of the first wildfires just before we officially enter the summer period can be perceived as a warning of the danger that Cyprus faces in experiencing extreme environmental destruction from fires in the coming period....

2. AI-driven job losses surge marking a disturbing trend

Almost 4,000 people who were laid off in May lost their jobs because of artificial intelligence, and it's the first time AI has been listed in the monthly report from Challenger, Gray, and Christmas....

3. Minister highlights progress in migration management efforts

During a recent press conference on migration, Constantinos Ioannou, the Minister of Interior, discussed the current state of asylum applications and the return of irregular migrants to their countries of origin between March and May 2023. He emphasized the government's policies and measures to address these challenges....

4. Unveiling the hidden: A moving exhibition exposes the treatment of animals

An eye-opening exhibition at the Piraeus Metro station sheds light on the treatment of animals, revealing the hidden reality behind closed doors....

5. April records a decrease in loan volumes

The Central Bank of Cyprus announced in a press release on Tuesday that total new loans decreased to €473.9 million in April 2023, compared to €922.5 million in the previous month....

6. Limassol stoked to be on Haifa’s Rhapsody routes

Around 343,000 cruise ship passengers arrived to Cyprus last year, while it is expected that there will be slight increase this year, Deputy Minister of Tourism, Kostas Koumis said, on board the Royal Caribbean’s Rhapsody of the Seas cruise liner, marking its arrival at the Limassol port on Saturday for its summer season routes ...

7. IMF says Cyprus untouched by war fallout

The economy of Cyprus is expected to slow to around 2.5% in 2023, reflecting an erosion in household incomes, tighter financial conditions, and delayed impacts from sanctions against Russia, International Monetary Fund forecasts, after the conclusion of the Article IV consultation with Cyprus...

8. TechIsland and Mercer Join Forces to Revolutionize Tech Industry Compensation in Cyprus

A new era for the booming Tech Industry...

9. Racial undertones uncertain in Ayia Napa brutal assault

A Turkish Cypriot woman, who was brutally assaulted over the weekend during an escalated altercation with Greek Cypriot men in Ayia Napa, says she is shocked but hopes there will be no worsening of relations between the two communities over the incident...

10. Elderly woman dies in mountain car crash

An elderly woman was killed in a mountain road accident on Friday, when the car she was driving veered off lane in broad daylight...

11. The MBS Wellbeing Day

12. Cyprus bets on all-year-round conference tourism

Cypriot tourism deputy minister Kostas Koumis says Nicosia is keeping an eye on competitors as travelers have many choices for summer destinations, adding the opening soon casino resort in Limassol could make a difference by bringing large conferences to the island throughout the year...

13. Cyprus' GDP soars: 3.4% growth in Q1 2023

Gross Domestic Product (GDP) in the first quarter of the year reached 6.2 billion euros, marking a 3.4% annual increase....

14. April sees surge in retail trade

Retail trade increased significantly in April in both value and volume metrics, according to the latest data released Thursday by the Statistical Service of Cyprus....

15. Nicosia's camera system gets an upgrade

As of June 6, 2023, the traffic camera system in Nicosia will undergo an expansion with the installation of new cameras at two controlled intersections. The move aims to improve surveillance and regulation of traffic in the area....

16. Unsettled conditions and elevated dust levels persist

The prevailing unstable weather conditions in Cyprus show no signs of subsiding, according to Kleanthis Nicolaides, the Director of the Meteorological Service, in an interview with K. ...

17. Ivanka Trump: ''Thank you Greece!''

Ivanka Trump, the 41-year-old daughter of former US President Donald Trump, has been enjoying her time in Greece, immersing herself in the rich history and captivating landscapes of the country. ...

18. Cabinet approves tax deductions for businesses and extends tax payment deadline

The Cabinet approved several important measures on Wednesday, including a bill on tax rebates for businesses for energy upgrades, an extension of the tax payment deadline, and a suspension of the obligation to file tax returns for individuals with a taxable income below €19,500....

19. Porsche Cyprus celebrates the Grand Opening of the new corporate architecture concept ''Destination Porsche'', in Limassol

It is the fourth Porsche Centre under the new retail ''Destination Porsche'' concept in the Central and Eastern Europe region and amongst first in the world. ...

20. Ayia Napa marina expands with exciting new additions

Ayia Napa Marina, renowned as the island's premier entertainment hotspot, is set to enhance its offerings with the addition of selected stores and brands in the shopping zone. The new establishments, expected to open in June, aim to provide visitors with even more choices to satisfy their every need and taste....

21. Why are food prices so high in Europe?

It is the most basic of staple food items: sliced white bread. In Britain, the average price of a loaf was 28 percent higher in April, at 1.39 pounds, or $1.72, than it was a year earlier....

22. An effective foreclosure framework is important, says FinMin

An effective and functional foreclosure framework is crucial for encouraging borrowers to restructure their debt, due to the high stock of non-performing loans (NPLs), the Cyprus Ministry of Finance said in a press release on Tuesday....

23. Illegal bird trafficking ring busted

An illegal wild bird trafficking ring was dismantled after a joint collaboration between the Game and Wildlife Service and Police....

24. Luxury villas for sale by AstroBank

25. Kontides clinches gold at North Sea Regatta 2023

Pavlos Kontides, the Cypriot sailor, emerged victorious with a gold medal at the North Sea Regatta 2023 held in Scheveningen from 26th to 28th May, the same venue where the World Sailing Championships will be hosted in August....

26. Cyprus sees decline in total deposits and loans

Total deposits in April 2023 recorded a net decrease of €173.3 million, compared with a net increase of €59.8 million in March 2023, the Central Bank of Cyprus said in a press release....

27. Devastating images of the Kathika fire: Destruction and aftermath

A fire broke out on Saturday in the Kathikas community, engulfing an area of approximately 30 hectares covered with forest vegetation. Distressing images captured by "K" reveal the aftermath of the blaze, presenting a desolate landscape....

28. German delegation visit to Cyprus highlights good diplomatic relations

Α delegation of the Parliamentary Friendship Group for relations with Cyprus and Malta of the German Bundestag will pay an official visit to Cyprus, between 30 May and 2 June 2023. The visit takes place at the invitation of the Cyprus House of Representatives, an official announcement says....

29. May Newsletter of K. Treppides & Co Ltd: CySEC

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....

30. EU launches innovative support center for Green Line trade

The European Commission has announced the establishment of an information and support center, in collaboration with the Cyprus Chamber of Commerce and Industry (CCCI) and the Turkish Cypriot Chamber of Commerce (TCCC), to facilitate legal trade across the Green Line for Cypriot businesses and individuals....