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31. Nearly 30% of non-EU seniors in EU Report Health in ''bad'' or ''very bad'' condition

In 2023, a percentage of 28% of non-EU citizens living in the EU aged 65 years or over perceived themselves to be in bad or very bad state of health. ...

32. Cyprus achieves record €4.7 billion in exports, continuing years-long growth

Minister of Energy, Commerce and Industry George Papanastasiou praised the expanding momentum in the Cypriot export activity, stressing that in 2023 exports rose by an annual 38% continuing their steady rising trend of the past years....

33. Cyprus real estate market falters as October sales drop 6%

With just two months left in the year, October has shown that, despite some resilience, the market remains unable to inspire optimism. Economic indicators for the average household have not sparked an uptick in investment interest, and the ongoing geopolitical instability is growing....

34. The weeks of the German language 2024

The Embassies of Austria, Germany, Switzerland, and the Goethe-Institut Cyprus organize for the 8th consecutive year ''The Weeks of the German Language'' from the 1st to the 26th of November 2024. ...

35. New York achieves solar power milestone a year early

New York has reached its target of 6 gigawatts of solar power one year ahead of its 2025 goal, state officials announced recently. ...

36. Cypriot residents' travel spending hits €2.23 billion in 2023

Total travel spending by Cypriot residents, both within Cyprus and abroad, reached €2.23 billion in 2023, marking an 8.4% increase from 2022....

37. Banks see boost from ECB rate cuts

The Association of the Cyprus Banks (ACB) said on Thursday that it sees further progress in the economy, driven by the reduction of interest rates......

38. Cyprus gains investor confidence as economic reforms and US ties bolster growth

International investors have shown sustained confidence in Cyprus’ economy and business ecosystem, recognizing the country as a stabilizing force in the region......

39. Government announces new measures to help vulnerable households

In a bid to ease energy expenses for vulnerable groups and promote sustainable housing solutions, the Cabinet approved a set of medium-term measures during its meeting on Tuesday, chaired by President Nicos Christodoulides....

40. Euronet remains only bidder in delayed JCC sale

The process for the sale of JCC Payment Systems, which began confidentially over the summer, appears to have hit a "snag," with Euronet as the only prospective buyer. ...

41. Cyprus faces financial imbalance as assets fall short of liabilities

As of December 2023, Cyprus' economy is navigating a complex financial landscape, with total assets in financial instruments reaching €869 billion. However, the country also faces a notable financial shortfall, with liabilities exceeding assets by about €29 billion....

42. Increase in missing minors from Cyprus juvenile homes raises alarms

Cyprus is grappling with a steady rise in cases of minors disappearing from juvenile homes, a long-standing issue of national welfare policy....

43. EU pushing for economic ties with Turkey, but where does that leave Cyprus?

According to Kathimerini's Pavlos Xanthoulis, Brussels and Berlin are working to upgrade the Turkish Customs Union, viewing it as a pathway to strengthen economic ties with Turkey. ...

44. Cyprus achieves first A-level credit rating in major milestone

Scope Ratings has upgraded Cyprus's credit rating to A- from BBB+, marking the country's first A-level rating from a major credit agency....

45. FT: Dutch court rules Heineken must pay millions for Greek subsidiary violations

According to a report in the Financial Times, a Dutch court has ruled that Heineken is responsible for competition violations linked to its Greek subsidiary, Athenian Brewery, dating back to the 1990s. ...

46. Using AI to steal your homes from under your nose

The rise of artificial intelligence (AI) is changing the game for real estate scams, making it easier for criminals to pull off tricky schemes like deed theft....

47. CBC urges banks to show social responsibility despite sector’s strength

The Central Bank of Cyprus (CBC) released its annual Financial Stability Report for 2023 on Tuesday, indicating that the financial sector is overall strong and capable of handling unexpected challenges. ...

48. 18% of Cypriot businesses hit by cyberattacks in 2023

In 2023, nearly one in five businesses in Cyprus reported experiencing a cyberattack, according to a recent survey by the Cyprus IT Enterprises Association (CITEA)....

49. Cyprus surpasses pre-pandemic financial levels with growing surplus

Cyprus is bouncing back from recent economic challenges, with its financial health improving dramatically. Current fiscal surpluses now exceed what they were before the pandemic, thanks to a significant increase in revenue....

50. Cypriot banks sending loans abroad: A growing risk?

Yesterday, I had a conversation with someone who truly understands banking—probably more knowledgeable than many who think they do....

51. Spike in suspicious transactions as Cyprus freezes over €25 million in illicit assets

Reports of suspicious transactions in Cyprus have risen sharply in 2023, reaching levels similar to those in 2021, as per a story by Kathimerini's Dorita Yiannakou....

52. Cyprus' EU nominee under fire for waste management scandal

Costas Kadis, Cyprus' nominee for EU Commissioner for Fisheries and Oceans, is facing criticism over his handling of a controversial waste management scandal ahead of his November 6 hearing before the European Parliament's Fisheries Committee....

53. Water crisis looms as Cyprus dams hit 27%

Cyprus is grappling with a severe water shortage as the ongoing drought pushes the country's dam capacity to worrying levels. According to Gianna Economidou......

54. Record tourist numbers for 2024, slightly surpassing pre-pandemic levels

Tourist arrivals in Cyprus reached 3.27 million between January and September 2024, marking a 4.2% increase compared to the same period in 2023, according to data from the Statistical Service of Cyprus (Cystat)....

55. WhatsApp and Instagram teams face job cuts in Meta overhaul

Meta has started implementing layoffs across various departments, including WhatsApp, Instagram, and Reality Labs, according to sources familiar with the matter....

56. Cyprus tops Europe in lawyers but struggles with court delays

Cyprus leads Europe with the highest number of lawyers per capita, with 505 lawyers per 100,000 residents, far above the European average, according to a new Council of Europe report....

57. Cyprus' infrastructure shines as MED9 Summit boosts tourism

58. 5.9-magnitude earthquake hits Eastern Turkey, causing collapses

A 5.9-magnitude earthquake struck eastern Turkey at 10:46 a.m. today, with its epicenter located in the Kale district of Malatya province. ...

59. Global debt to exceed $100 trillion this year

Global public debt is nearing the size of the world economy, posing risks to living standards in developed nations, the International Monetary Fund (IMF) warned....

60. Bank profits in crosshairs as tax talks heat up

The future of a special tax on bank deposits paid to the state may be heading for a shift, though a final decision is not guaranteed. ...