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661. Cyprus inflation at 1.9%

Inflation in Cyprus reached its lowest level in 25 months in June 2023 and stood at 1.9% on an annual basis, mainly due to the decline in food prices....

662. EU Commission proposes digital euro as cash alternative

Digital currencies have grown in popularity. Unlike bitcoin, the digital euro would be a central bank digital currency (CBDC), essentially, electronic cash. ...

663. Parliament to vote on law for borrowers' foreclosure appeal

The news from the "Oikonomiki Kathimerini" about the suspension of first home foreclosures up to €350,000 until the end of October has been confirmed. ...

664. Another Greek tanker embroiled in US-Iran oil wars

A Greek-owned oil tanker sailed out of trouble on Wednesday when a US missile destroyer responded to an incident with the Iranian Navy, as Tehran still has an axe to grind with Athens over oil seizures based on American sanctions...

665. Hottest day on record

The world has experienced its hottest day on record, according to meteorologists....

666. President urges solution as foreclosure laws vote approaches

Cyprus is heading towards suspending first residence property foreclosures up to 350,000 euros until the end of October....

667. Serious charges for escaped prisoners

668. Manhunt in Cyprus after detainees escape

Three detainees managed to escape during their transfer from the court in Nicosia to the central prisons, prompting a manhunt by the so-called "police authorities" of the pseudo-state....

669. Paphos mayor worried about protest against Quran burning

A group of protesters in Paphos marched on Sunday against the burning of the Quran in an incident in Sweden last week, prompting the town’s mayor to express concern over 'religious fanaticism' creeping into Cypriot society...

670. European stocks rally on hope of interest rate peak

Eurozone inflation fell more than expected to 5.5 percent in June, its lowest rate since the start of last year, but a slight rebound in core consumer price growth tempered any relief for policymakers....

671. Nicosia to appoint sanctions czar

The Cabinet on Wednesday decided on a series of measures and actions for the coordination on issues related to sanctions, Government Spokesperson Constantinos Letymbiotis announced...

672. Naked man creates commotion in Nicosia

In a shocking turn of events, a 35-year-old man of African descent caused significant unrest when he was observed walking completely naked in the bustling center of the capital on Monday, June 26. ...

673. Interest rate increases boost Cypriot banks' 2022 profits to €177 million

Bank of Cyprus and Hellenic Bank generated a combined profit of €164.7 Million in Q1 2023, Driven by interest rate increases....

674. Horse saved from deep pit in Italy

In a remarkable rescue operation, a horse was saved from peril after being trapped in a deep pit in Lazio, central Italy....

675.  Land sales surge in Akamas

The irregularities observed within Akamas' protected area, as highlighted in last Sunday's report by "K," appear to be just one aspect of a broader issue emerging in anticipation of the implementation of the local plan in September....

676. €10 banknote most counterfeited bill in Cyprus

In a recent annual report, the Central Bank of Cyprus shed light on the prevalence of counterfeit bills and coins circulating in the country. The report, according to an article on Philenews, highlighted the €10 banknote as the most counterfeited bill, making up 40.8 percent of the total counterfeit pieces....

677. Wagner mutiny exposes the fragile balance in Putin's regime

The Wagner mutiny, which lasted less than 24 hours, was the result of a toxic mix of jealousy, rivalry, and ambition that had been brewing for months....

678. MPs move forward with divestment changes

MPs are displaying a resolute determination to press ahead with crucial changes to the divestment framework before the parliamentary summer recess....

679. Direct flights to Kazakhstan from Cyprus in 2024

Deputy Minister of Tourism Kostas Koumis has expressed the belief that in 2024 Cyprus and Kazakhstan will have a direct flight connection....

680. Bank of England raises interest rates to 5%

The Bank of England has raised interest rates by a half point to 5% as part of its efforts to combat high inflation and rising mortgage costs. ...

681. Explosion rocks central Paris leaving multiple injured and buildings ablaze

An intense explosion took place in central Paris, resulting in at least 16 people getting injured, seven of whom are currently hospitalized in critical condition....

682. Total loans increase by €71 million, reaching €24.4 billion

Non-performing loans decreased by €105 million end of March 2023, compared to the end of December 2022, reaching €2.2 billion, according to data published by the Central Bank of Cyprus on Tuesday. ...

683. Cyprus banks to double net interest income in Q1 2023

Net Interest Income (NII) for the Cypriot banking sector nearly doubled in the first quarter of 2023, driven by the ECB’s rising interest rates in a bid to contain inflation....

684. Office space, shops, and commercial land for sale by AstroBank

685. Nicosia attracts millions in investment opportunities

A new investment exceeding 60 million euros is currently in the study phase, focusing on the development of a strategically positioned plot in Nicosia. ...

686. President talks up local government reform

Cyprus President Nikos Christodoulides said on Saturday that the reform of the local government was 'perhaps the greatest challenge in the history of the local administration in the country,' while stressing that the reform should be implemented as soon as possible...

687. United by Pride: A bold step towards human rights and peace in Cyprus

An important event for human rights and peace in Cyprus is set to take place in Nicosia on Saturday, June 17. It is the "United by Pride" Intercommunal Pride March, featuring two parallel marches starting at 18:00 from two central locations in Nicosia: Eleftherias Square and Kougioulou Park. ...

688. US hails Cyprus for its efforts in combating human trafficking

The Government of the Republic of Cyprus has been recognized for its serious and sustained efforts in combating human trafficking, according to the annual report released by the U.S. State Department. ...

689. Biden outraged over reporter's question on Ukrainian bribery case

US President Joe Biden expressed his outrage when confronted with a reporter's question regarding a potential bribery case involving a Ukrainian businessman, an issue passionately pursued by Republicans in anticipation of the November 2024 presidential election....

690. ECB raises interest rate to 3.20% in ongoing tightening campaign

The European Central Bank (ECB) has announced its decision to raise the interest rate to 3.20%, marking another step in its ongoing monetary policy tightening campaign. ...