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601. CBC estimates GDP growth at 2.6% in 2023

The Central Bank of Cyprus (CBC) has marginally upgraded its projections for GDP growth this year citing the slightly improved prospects in the external economic environment and the anticipated lower energy prices, amid the continued war in Ukraine....

602. US report: Harsh conditions in Cyprus prisons

The US State Department's Human Rights in Cyprus 2022 report highlights significant human rights issues in Cyprus. The report states that there were credible reports of harsh conditions in prisons and detention centers, particularly for asylum seekers....

603. No deal in sight in Cyprus’ mercy killing case

A Cyprus criminal court on Tuesday rejected a defense argument that a British man’s confession to killing his ailing wife was unlawfully obtained, because he was in no frame of mind to speak to police without a lawyer present...

604. Health Ministry confirms typo led to confusion over 8-Year-old's flu death

The Ministry of Health has confirmed that a typographical error in its database was responsible for the incorrect news that an 8-year-old girl had died from Influenza A....

605. Death toll from flu cases at 14, including an 8 year old girl

Fourteen people have died from Influenza in Cyprus this winter, among them an 8-year-old girl, who passed away at the Limassol General Hospital, after being treated in the Intensive Care Unit....

606. 1,300 loan applications submitted for Oikia scheme

Applications for 1,318 potentially eligible loans involving a total amount of €131.1 million were submitted under the Oikia scheme, which is a loan management plan with government funds granted under Government Housing Plans....

607. Deportation scheme agreed upon by EU interior ministers in secret

A report published by Statewatch and Heinrich Böll Stiftung has revealed that the European interior ministers signed a secret joint statement last year that committed EU/Schengen Area countries to increase financial as well as material support for deportations from the Balkans....

608. Trade deficit increased by 163.5% in January 2023

A large increase was recorded in the trade deficit in January 2023 according to preliminary data published on Monday by the Statistical Service, since the increase in imports was more than three times the increase in exports....

609. Criticism grows as Europe pushes to restrict cars in cities

In an effort to ease traffic congestion and curb greenhouse gas emissions causing climate change, municipalities from Barcelona to Brussels have embarked on what has been called a “transportation revolution.”...

610. Man ordered to pay wife 200,000 euros for 25 years of housework

A Spanish court ordered a man to pay his ex-wife 200,000 euros for 25 years of unpaid domestic labor, based on the minimum wage throughout their marriage, court documents showed Tuesday....

611. Afghan women protest ban on female education

Young Afghan women gathered outside Kabul University on Monday to protest the ruling Taliban’s ban on female education as their male peers returned to school for a new academic year and the United Nations heard the restriction may amount to a crime against humanity....

612. Cyprus’ landmark sex trafficking case falls flat

A high-profile trafficking case where airport police officers were accused of turning a blind eye on an illegal prostitution ring drew to a close this week, with most defendants acquitted including a cop whose guilt was not proven beyond a reasonable doubt...

613. 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....

614. 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....

615. 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....

616. 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....

617. 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...

618. 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...

619. 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”....

620. 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,"...

621. 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....

622. 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...

623. 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....

624. 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...

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

626. 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....

627. 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....

628. 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."...

629. 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. ...

630. 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...