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601. Rishi Sunak gets tough on irregular immigration

Prime minister Rishi Sunak will introduce new laws this week barring anyone arriving in the UK by small boats across the English Channel from claiming asylum....

602. Lower deposit and mortgage interest rates

The interest rates for household deposits and housing loans slightly decreased in January, while interest rates for non-financial corporations increased, according to data published by the Central Bank of Cyprus on Friday. These statistics are included in the February 2023 Monetary and Financial Statistics edition....

603. Government surplus of €609.5 million for 2022

General Government preliminary fiscal results published by the Statistical Service of Cyprus on Tuesday indicate a surplus of €609.5 mn, equal to 2.3% of GDP, for the period of January-December 2022, compared to a deficit of €402.8 mn or 1.7% of GDP, that was recorded during the period of January-December 2021....

604. CBC: Deposits and loans decreased in January

Deposits and loans recorded a net decrease this January, according to data published by the Central Bank of Cyprus on Tuesday....

605. Kaili lawyer stunned as MEP’s partner walks free

The defense for Greek MEP Eva Kaili is raising hell after Belgian authorities released her partner in an ongoing corruption investigation, with one of her lawyers accusing Belgium’s criminal justice of operating against European legal culture...

606. EY presents report on the Future of Banking in Cyprus

The report showcases the importance and contribution of Cypriot banks to the wider economy and society, and identifies current and upcoming challenges and opportunities...

607. Fruits and vegetables being rationed in Britain

Supermarkets across the country have begun rationing fresh food items in a move that is expected to last “weeks”....

608. 2023 will be the year banks dole out dividends

Apart from entering 2023 with inflationary tendencies and following a year with a geopolitical crisis due to the Ukrainian one, it is expected to be the year when the term "dividend distribution,"...

609. EU's natural gas consumption drops by 19.3%

The EU consumption of natural gas has dropped by 19.3% in the period August 2022 - January 2023, compared with the average gas consumption for the same months (August - January) between 2017 and 2022, according to information from member state official sources and reported by Eurostat, the statistical service of the EU....

610. Man arrested in Cyprus drops bombshell Biden allegation

A professor from Israel, who was arrested in Cyprus on a US warrant, says his prosecution is politically motivated and further alleges that the Justice Department is trying to discredit him over dirt he has on Hunter Biden’s deals with China...

611. Bank of Cyprus: 71 million in profits in 2022

Bank of Cyprus' profit for 2022 was 71 million euros, up from 30 million euros in 2021....

612. Police propose law to text camera citations to owners

The Cypriot government seeks to amend legislation so that authorities can notify traffic camera violators via SMS or email text, but legal issues and a drastic drop in daily violations could hinder those efforts when the bill heads for the House this year...

613. Plans to upgrade hotels in the mountains and countryside are underway

614. Frozen fish and flour marked a substantial price increase

Frozen fish and flour recorded a high price increase, according to data published on Wednesday by the Consumer Protection Service of the Ministry of Energy, Commerce and Industry....

615. The 'Baby Grant' continues: Amounts and Benefits

It is still possible to receive the "Baby Grant" which is a subsidy of 1,750 euros given to eligible recipients and includes supplies such as furniture, linens, items for personal hygiene and care, and clothing for up to two years....

616. Companies laying off employees to hire new ones at lower salaries

Keri and other recruiters say that candidate offers are now much lower and look more like those from 2019 — before the pandemic kicked off the Great Resignation, before Big Tech went on a hiring spree, and before anyone had heard of "quiet quitting."...

617. Nikos Christodoulides is now the 8th President of the Republic of Cyprus

After all the campaigning, the name-calling, an unprecedented split in one of the nation’s oldest parties and even the bitterness emanating from certain candidates who lost in the first round, it’s finally over. ...

618. Another Briton jailed for sex crimes dies in Cyprus

A convicted sex offender who was serving a prison sentence in Cyprus died on Friday, marking the second death of a British national within the island’s penitentiary system this year in connection with sex crimes...

619. New Zealand recovers 3 tons of cocaine floating in Pacific Ocean

New Zealand police said Wednesday they found more than 3 tons of cocaine floating in a remote part of the Pacific Ocean after it was dropped there by an international drug-smuggling syndicate....

620. Cyprus and China to cooperate in health and medical science

Cyprus and China on Tuesday signed a 5-year plan in the fields of health and medical sciences. The plan was signed by Minister of Health Michalis Hadjipantela and Ambassador of the People’s Republic of China Liu Yantao, on behalf of the National Health Commission of China....

621. Secrets of the A380: What passengers never see

622. Cyprus records another prison death as suicide

Officials in Nicosia Central Prisons in the Republic of Cyprus went on alert on Friday following the death of an inmate, whose body was found hanged in the shower...

623. Interest rates in Cyprus continues its steady rise

Interest rates in the Cypriot banking system continued rising in December in the context of the ECB’s monetary normalization policy to tackle high inflation....

624. The first presidential election in Cyprus held in 1959

On December 13, 1959, the young Republic of Cyprus held its first presidential elections. Glafkos Clerides, who opposed his father John's candidacy and was accused of failing to follow the Christian commandment to "honor thy father and thy mother,"...

625. €10 million worth of grants approved for women entrepreneurs

A total of 187 applications submitted by women were approved in 2021 for the amount of 10.6 million euros, in the framework of the New Entrepreneurship Programme covering the period 2021-2027, ...

626. Bicycle helmets now mandatory

The regulation that establishes the requirement for the use of protective helmets in accordance with the Law states that as of today, February 1, cyclists and cyclist passengers must wear protective helmets at all times....

627. Tourism revenues are on the mend

Savvas Perdios, the deputy tourism minister, spoke with K shortly after his trip to New York and Washington, D.C., about the ministry's investment in this market and the need to gradually lay the groundwork for increased American visitor numbers in Cyprus....

628. The new president and finance minister will face new challenges

We are only a few days away from voting for the new President of the Republic. ...

629. CBC: Household debt at 77% of GDP

The household debt ratio stood at 77% of the Gross Domestic Product (GDP) at the end of September 2022, marking a slight decrease compared to the previous quarter, due to the increase in GDP, according to data published by the Central Bank of Cyprus on its website on Tuesday, in the "Quarterly Financial Accounts" edition, for the reporting quarter ending September 2022. ...

630. A large number of foreclosure notices to be sent tomorrow

Today, Tuesday, January 31, 2023, marks the end of the most recent three-month suspension of divestments imposed by a resolution of the House of Representatives. ...