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1501. Cyprus Banks: Vulnerabilities remain despite progress, says SSM

Cypriot banks have made progress, according to a report by the Single Supervisory Mechanism (SSM), but there are still many issues. ...

1502. Cyprus talks up imminent Chevron announcement

Cypriot Energy Minister Natasa Pilides is waging a battle to ensure Chevron’s reluctant development concept for Aphrodite will stick to plan, but cost-cutting ideas, merger wars, and maritime issues continue to blur options backed by an administration on its last leg...

1503. China's population shrinks for first time in 60 years

China's population fell last year for the first time in six decades, a historic turn that is expected to mark the start of a long period of decline in its citizen numbers with profound implications for its economy and the world....

1504. Cabinet: Nine more citizenships revoked

The Council of Ministers today confirmed its previous decision to deprive three investors and six of the dependents of their citizenship status following the expiration of the deadline for objections and the completion of the procedures in the competent committee....

1505. PWC survey: Seven out of ten CEOs are pessimistic about 2023

According to the 26th Annual Global CEO Survey conducted by PwC between October and November 2022, nearly three-quarters (73%) of respondents expect global economic growth to slow over the next 12 months....

1506. Brothers facing US extradition walk free in Cyprus

The Supreme Court in the Republic of Cyprus has ordered the release of five suspects, including two Greek Cypriot brothers, who are wanted by US authorities in connection with an investigation into investment fraud...

1507. Exam paper leak rocks school reform in Cyprus

There was uproar in the Greek Cypriot education system on Monday after an exam paper leak was made public, with authorities unsure whether to call police and teachers calling on the government to rethink a controversial semester reform...

1508. KIABI pursuing international development with the opening of a second store in Cyprus

Present in 24 countries with a network of 538 physical stores, KIABI is challenging the fashion world’s leaders in Europe, the Middle East, Africa and South America. Engaged in an international growth dynamic, the French favourite continues to roll out its concept intended for all families as it opens its second shop in Cyprus in 2023. ...

1509. Nearly €6 billion in real estate transactions in 2022

The value of real estate sold during 2022 is approaching €6 billion, according to the comparative real estate sales of the Department of Lands and Surveys as processed and presented in the quarterly "Real Estate Market Bulletin" of Cyprus Real Estate Registration Council....

1510. Social media campaigning is dominating this year's electoral race

If this election differs from previous ones in any way, it is because the lion's share of the advertising pie has shifted to digital media, particularly social media, with Facebook and Instagram dominating in terms of the amount of advertising content given to them....

1511. Tesla drastically lowers EV pricing in the US and Europe

After steadily increasing prices over the past couple of years, Tesla has cut them drastically across its lineup in the US and Europe, in an apparent bid to boost sales. ...

1512. Ten hotels in Cyprus, Malta, and Greece replace single-use plastics

Ten tourist accommodations in Cyprus, Greece, and Malta participated in a pilot project that saw the implementation of these solutions....

1513. Storm after storm batters California's coastline with no end in sight

Multi-million dollar beach homes battered by winds, cars swallowed up by sinkholes, and over a dozen people killed - after weeks of extreme storms, many Californians are wondering when it will end....

1514. Rising cost of living worrisome for almost all Cypriots

The rising cost of living, the threat of poverty and social exclusion, and the migration issue are Cypriots’ greatest concerns according to the European Parliament’s Autumn 2022 Eurobarometer Survey released on Thursday....

1515. King Constantine, former king of Greece - His relationship with Makarios and his involvement in Cyprus

1516. Funds are investing in Cypriot banks

Investing in Cypriot banks is becoming more common. The progress they have made in terms of the non-performing loan burden they have shed, their capital adequacy, which is characterized as good,...

1517. Exports of halloumi at 1.34 billion over the last 5 years

Halloumi exports have increased in recent years and are expected to peak in 2022. Data for the first nine months of 2022, i.e. up to September, show exports worth €227 million and an export volume of 32,000 tonnes. ...

1518. Official ballot for 1st round of Presidential elections unveiled today

Chief Returning Officer Costas Constantinou presented on Tuesday the ballot for the first round of the Presidential Elections that will take place on February 5th, 2023. The ballot includes 14 presidential candidates....

1519. Dispute resolution services a more cost effective way to resolve issues

Going to court to resolve a dispute between a consumer and a business is not always necessary. There are alternatives that are less time-consuming and less expensive than legal action and can provide very effective solutions. ...

1520. Supermarkets bet on their own private labeled products

Consumers are turning to private label and exclusive import products to combat inflationary pressures on consumer goods in supermarkets....

1521. Fuel prices have dropped, but increases are anticipated

On January 8, 2023, the cost of 95 gasoline was 44 cents less per liter than it was on July 12, when it reached an all-time high of €1.828 per liter....

1522. Housing, water and energy take up 25% of EU household expenses

In 2021, ‘Housing, water, electricity, gas and other fuels’ represented a quarter (25.0%) of EU household expenditure and 17.1% of household expenditure in Cyprus, according to Eurostat, the statistic service of the EU....

1523. Presidential hopefuls officially register their candidacies

A record number of 14 hopefuls submitted their candidacies today, for February’s presidential elections. Candidacies were submitted between 8 am-12 pm local time at Filoxenia Conference Center in Nicosia....

1524. The plan to bring in more German tourists

In a trip organized by the FTI Group and Meeting Point, German travel agents recently visited the island and discovered increased demand for Cyprus....

1525. Hollywood executives brace for ‘year of turmoil’ in 2023

Hollywood executives are bracing for a brutal “year of turmoil” as the entertainment business faces the combined threat of an economic recession, slower streaming growth, a cinema industry on life support and a potential writers’ strike....

1526. The 2023 investment chessboard

Today's data is completely different from what it was a year ago in terms of investment....

1527. More than 560,000 voters registered to vote

Approximately 561,000 voters are registered to vote in the upcoming presidential elections to be held in February, Chief Returning Officer Costas Constantinou told the Cyprus News Agency, but he noted that the number will be finalized on January 10th when the period for objections will expire....

1528. Where you can't go in 2023 and why

Travelers from all over the world are expected to take their vengeance for two years in prison in 2023, as they can now take their dream vacation to any part of the world they want, with no restrictions....

1529. Economic events that will be remembered in 2022

The energy crisis, which intensified after Russia's invasion of Ukraine and resulted in skyrocketing gas prices, took the lead throughout the year....

1530. Nikos Christodoulides’ program for the next five years

Cypriots will go to the polls on February 5 to elect the 8th President of the Republic. The campaign began very early compared to previous elections and will intensify during the remaining few weeks. ...