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361. TUI halts day trips to occupied areas of Cyprus

TUI, Europe’s largest tour operator, has announced that it will stop organizing day trips from the free areas of Cyprus to the occupied territories starting August 31. ...

362. Cypriot banks slash Eurosystem funding by €2.6 billion

Cypriot banks have almost zeroed funding from the Eurosystem via the Targeted Long-Term Refinancing Operations (TLTRO), with the latest data by the Central Bank of Cyprus (CBC) showing repayments amounting to €2.6 billion....

363. Cyprus banks set for major changes in September

September will bring significant shifts for Cyprus's two largest banks....

364. Cyprus inflation slows to 2.4% in July

Consumer prices in Cyprus are rising more slowly, with the annual inflation rate dropping to 2.4% in July, down from 3% in June, according to the Statistical Service of Cyprus (Cystat)....

365. Gold hits historic $1 million per bar milestone

For the first time, the value of a gold bar has reached $1 million. ...

366. Ukraine intensifies fight against illicit tobacco trade

The illicit tobacco trade in Ukraine, one of Europe's most prominent black markets for cigarettes, is sending shockwaves through the economies of neighboring countries,...

367. Cyprus finalizes 2025 budget with focus on export growth

The Council of Ministers is set to finalize discussions on the 2025 state budget by mid-September, as confirmed by Finance Minister Makis Keravnos. ...

368. Kamala Harris unveils economic plan with tax cuts and housing focus

Vice President Kamala Harris is set to present a comprehensive economic plan during a major policy speech in Raleigh, North Carolina, on Friday....

369. Government confident in surpassing 4% growth in 2024, says Letymbiotis

The government now aims for the 2024 growth rate to exceed 4%, Government Spokesperson Konstantinos Letymbiotis said, following a flash estimate by the Statistical Service for a growth rate of 3.6% (3.7% when adjusted seasonally and based on working days)....

370. Wealthy flee high-tax nations for new havens like Cyprus

A significant wave of wealthy individuals is migrating from high-tax countries, a trend expected to peak this year. ...

371. Greece and the ferry-tale nightmare

The ferry boat situation in Greece is rapidly becoming an unfortunate stain on the very fabric of the country. As someone who not only vacations in Greece, I also own, operate, and conduct business there in the tourism sector....

372. Cyprus beach cleanups remove 110 kg of waste

In a series of recent beach cleanup events held across Cyprus, beachgoers and volunteers came together to collect more than 110 kilograms of waste as part of the "Keep our Sand and Sea Plastic Free" project....

373. Mental health over job security is Gen Z’s new workplace mantra

Gen Z, born between 1997 and 2012, is expected to make up 27% of the global workforce by next year, according to the Guardian. ...

374. Harris campaign criticizes Trump-Musk interview as 'self-obsessed'

Former President Donald Trump and Tesla CEO Elon Musk engaged in a friendly conversation on X (formerly Twitter) on Monday, though their highly anticipated interview was delayed by over 40 minutes due to technical issues....

375. French firm warns of halt on Cyprus-Crete cable over payments

The second meeting of the Commission overseeing the Cyprus-Crete electric cable project, which included representatives from IPTO, the energy ministries of Cyprus and Greece, and the energy regulators from both countries, ended with no significant progress....

376. Sharp increase in bounced checks for July 2024

The Central Bank of Cyprus (CBC) has reported a notable increase in bounced checks for July 2024, according to preliminary data from the Central Information Register (CIR)....

377. Cyprus' online legal system still facing problems after fixes

The gradual relocation of state data center servers to fully compliant and secure facilities will begin before the end of the year, according to Deputy Minister of Innovation......

378. Trade deficit slashed by 20% in 2024 amid falling imports

Cyprus saw its trade deficit shrink by over 20% in the first half of 2024, according to the latest data from the Statistical Service. The trade deficit, which is the difference between what the country imports and exports, fell to €3.57 billion, down from €4.48 billion during the same period in 2023....

379. Hezbollah threatens imminent attack on Israel

Hezbollah leader Hassan Nasrallah addressed supporters via video during a ceremony commemorating top commander Fuad Shukr, killed by an Israeli airstrike a week earlier. ...

380. Epic Double: Ookla and umlaut rank Epic once again at the top of telecommunications in Cyprus, for its Fixed Internet and Mobile Networks respectively

Epic continues to stand at the top of telecommunications in Cyprus, with two new international awards that are the culmination of its continuous investments in the development of a state-of-the-art, ultra-fast and reliable mobile and fixed internet network, offering an epic communication experience with innovative solutions, continuous evolution, and dedication to excellence....

381. Building permits surge 8.5% in early 2024

Building permits issued during the period January-May 2024 went up by 8.5%, according to data published on Wednesday by the Statistical Service....

382. Cyprus' Vasilikos gas terminal project fails after 20 years

Cyprus has faced a protracted and troubled effort to introduce natural gas to its internal market for electricity generation over the past two decades. ...

383. Famagusta to target global tourists with new campaign

384. Cyprus sees fuel price drop by 2-3 cents

Cypriot households burdened by rising living costs are getting a reprieve as fuel prices drop, with further reductions expected by the end of August....

385. €6M fund available for innovators to tackle real-world challenges

The Research and Innovation Foundation (RIF) has announced a new funding program called "Co-Develop" with a total budget of €6 million. This program aims to solve real-world problems by connecting researchers with businesses in areas such as digital technologies, advanced agriculture, health, and the environment....

386. RIF launches €6M fund to foster innovation and economic growth

The Research and Innovation Foundation (RIF) announced on Tuesday a new call for the "Co-Develop" funding programme, with a total budget of €6 million, aimed at better leveraging resources and apply innovative solutions to real problems....

387. Central Bank revises GDP growth to 3%

The Central Bank of Cyprus (CBC) made a conservative upward revision to the GDP growth rate for 2024, by 0.2 percentage points, to 3%......

388. Cypriot banks show resilience amid challenges, says CBC Governor

Despite the continuous challenges, the Cypriot banking system continues to register a positive course, which is reflected in the main supervisory indicators, Governor of the Central Bank of Cyprus (CBC), ...

389. Cyprus unemployment decreases, while social benefits paid increase

The number of unemployed persons registered at the District Labour Offices in Cyprus fell to 11,877 at the end of July 2024, marking a 9.9% decrease compared to the same period last year, according to data released by the Statistical Service on Monday....

390. FT: Global stock markets tumble amid US recession fears

Global stock markets experienced significant declines on Monday as concerns about a potential US recession led investors to abandon risky assets....