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1621. Cyprus is bursting, like a fat guy out of his leotard

Cyprus’ changing demographics are causing havoc to the real estate market, accentuating socio-economic imbalances and creating polarised communities. A bit dramatic? Let’s see....

1622. Ending Cyprus' energy isolation

After the discovery of energy resources in the Cypriot EEZ, the start of construction of the Cyprus-Crete electricity cable can be considered a high point in Cyprus' energy affairs. For the first time in its history, the Republic of Cyprus will join Europe's energy system, with all that entails for the country's security....

1623. Plans to modernize the state's websites are underway

The Deputy Ministry for Innovation, Research and Digital Policy announced Tuesday that a contract has been signed to modernize the state's websites which will now be accessible through the new digital portal, gov.cy....

1624. Americans show more interest in Greece's golden visa program

Americans’ interest in Greece’s Golden Visa program has marked a significant increase recently, according to the latest report of real estate experts Berkshire Hathaway HomeServices....

1625. Cyprus's first step toward rail and tram transportation

On the occasion of her visit to the island for the Cyprus Maritime Cyprus 2022 conference, European Commissioner for Transport, Adina Valean, raised for the first time the issue of the creation of a railway in Cyprus and the prospects of co-financing it....

1626. The ECB's next steps were documented in Limassol

The two-day conference of Central Bank Governors in Limassol is a strong contender to serve as the foundation for decisions on monetary policy and inflation strategy to be made in the coming period. ...

1627. How much loan can a couple with an income of €2,000 get?

Housing loans are an issue that inevitably affects a large number of young couples. Because housing prices have skyrocketed while wages have remained stagnant, the need for housing leads to borrowing....

1628. Suspicion over Turkish fishing boats in migrant drownings

Hellenic Coast Guard officers have told Kathimerini they were investigating the role of Turkish fishing boats that were close to the location where a dinghy sunk late Wednesday and a confirmed 18 people drowned, the deadlier of the two incidents involving migrants....

1629. 22 dead, dozens missing, after 2 migrant ships sink

Bodies floated amid splintered wreckage in the wind-tossed waters off a Greek island Thursday as the death toll from the separate sinkings of two migrant boats rose to 22, with many still missing....

1630. The future of the banking sector is digital, green and social

The future of the banking sector is digital, green and social, said the participants at the 3rd online FMW Conference, titled "Banking System: New Challenges and Opportunities". The Conference also highlighted the contrast between trying to tame inflation by raising interest rates and supporting vulnerable groups to avoid social unrest....

1631. EU countries approve energy windfall levies, turn to gas price cap

European Union countries agreed on Friday to impose emergency levies on energy firms’ windfall profits and began talks on their next move to tackle Europe’s energy crunch – possibly a bloc-wide gas price cap....

1632. Cyprus wants EU exemption from energy cutback

Cyprus is gearing up to request on Friday an exemption from EU measures that would call on member states to reduce their energy demand as well as cap company profits from Russian oil...

1633. Cypriot businesses face serious issues, but still expect to turn a profit

What are the main problems for Cypriot businesses (table) ...

1634. Why EVs are a flop in Cyprus … so far

It's only a 150-kilometer drive across Cyprus; well below how far an average electric vehicle can drive on a single charge. Range anxiety — a major barrier in the shift to EVs — shouldn't be a thing....

1635. Candidates concerned over higher rents facing undergraduates

Parties and candidates on Monday continued their activities, ahead of the February 2023 presidential elections, with issues such as digital transformation, labor relations, the Cyprus problem and benefits for undergraduate students who face difficulties renting student halls, topping the agenda....

1636. Forget Tokyo or L.A., this Czech Village is at the heart of the vinyl record revival

The heart of vinyl record making on Earth isn’t found in Tokyo or Los Angeles but rather belongs to a small Czech Republic village....

1637. EU flip flops on Russian coal after Cyprus cries foul

The shipping industry in the Republic of Cyprus can breathe a sigh of relief after the European Commission eased sanctions against Russian coal, following objection from Nicosia that saw stricter guidelines as a direct blow to its competitive advantage...

1638. Reduced excise tax on fuel extended until mid-January

The Cyprus government extended the reduced excise duties on fuel until 15 January 2023 on Friday, in a bid to alleviate the effects of soaring inflation fuelled by the war in Ukraine, with the Finance Minister calling on Households and businesses to save energy as fiscal measures cannot tackle the problem of price hikes in its entirety....

1639. Turkey singing the same old song

In a letter dated June 5, 1963, and addressed to the elderly Turkish prime minister Ismet Inonu, US President Lyndon Johnson sought to avert a military invasion of Cyprus by threatening that in the case of a Soviet attack, the United States and NATO would not come to Ankara’s aid....

1640. Third annual Comulis conference highlighted correlative imaging methods

Following the successful COMULIS Conferences in Austria and Sweden, The Cyprus Institute (CyI) hosted the 3rd Annual Conference of the COMULIS COST Action (Correlated Multimodal Imaging in Life Sciences; https://www.comulis.eu),...

1641. Ryanair says low-cost travel now in the past

The previously known ultra-low-cost flag carrier, Ryanair, has announced it will increase ticket prices to Austria moderately, mainly due to inflation....

1642. The price increase of halloumi is justified, Minister of Agriculture says

The slight increase recorded in the price of the halloumi cheese is justified, Minister of Agriculture Costas Kadis said on Thursday....

1643. Will the riots in Iran be the catalyst for an uprising?

Riots erupted during the funeral of 22-year-old Mahsa Amini in Iran. Amini died under dubious circumstances last Friday after being arrested by the country's morality police....

1644. Europe's vegetable farmers warn of shortages as energy crisis bites

Emmanuel Lefebvre produces thousands of tonnes of endives on his farm in northern France annually, but this year he may abandon his crop because of the crippling energy costs required to freeze the harvested bulbs....

1645. A cat has nine lives. So does the Cyprus property market.

Where is the Cyprus property market heading? I have been asked this question countless times over the past three months, primarily from foreign investors who are trying to appreciate how the rise in inflation, increase in interest rates, and war in Ukraine is affecting local market dynamics....

1646. Self check-in and robots - the future of tourism in Cyprus

1647. Reuters: 'escape' flights from Russia skyrocket after military draft begins

A sharp rise in internet searches and the purchase of tickets for flights "fleeing" from Russia is reported by Reuters, in the wake of the partial conscription announced by Vladimir Putin, seven months after the invasion of Ukraine....

1648. Ayia Napa Marina welcomes the SUPER CRUISE SHIP ''Rhapsody of the Seas''

Ayia Napa Marina has proudly welcomed its first SUPER CRUISE SHIP ''Rhapsody of the Seas'', following the first cruise ship to anchor at the marina on 29 May. ...

1649. One in nine people over the age of 65 affected by Alzheimer's

One in nine people over the age of 65 are affected by Alzheimer's, Health Minister Michalis Hadjipantela said on Monday....

1650. Only PDO halloumi available in the market from today

As of today, inspectors from the Ministry of Agriculture have started inspections in supermarkets and store refrigerators to remove non-PDO branded halloumi products....