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481. Homebuyers face mounting debts as developers' loans go unpaid

482. Bank of Cyprus to re-list on Athens exchange after seven years

The Bank of Cyprus will re-list on the Athens Stock Exchange (ASE) after a seven-year absence, following the approval of two resolutions by shareholders at an Extraordinary General Meeting on September 13, 2024. ...

483. Bank of Cyprus reduces loan rates to 3.65% amid ECB policy shift

The Bank of Cyprus is lowering the reference interest rate on loans linked to the European Central Bank’s (ECB) base rate, effective Sept. 18, 2024....

484. New Cyprus-Baltic business association to strengthen economic ties

The Cyprus Chamber of Commerce and Industry (CCCI) announced the establishment of the Cyprus-Baltic States Business Association aiming to promote, expand and encourage economic and trade relations between Cyprus and the Baltic States....

485. Wizz Air’s 7-hour flights start at £89 if you're up for a squeeze

Ultra-low-cost carrier Wizz Air will maintain its no-frills offering even as it introduces longer flights, betting that passengers will "suffer the pain" for cheaper fares....

486. Sales of locally produced goods jump 13.7% in 2022

In 2022, Cyprus saw a big jump in sales from local factories, reaching €4.29 billion, up 13.7% from the previous year’s €3.78 billion, according to the Statistical Service of Cyprus (Cystat)....

487. Cyprus invests €100M to end power project deadlock with Greece

Negotiators see a potential breakthrough to end the deadlock over the Crete-Cyprus electrical interconnection project, following discussions on Tuesday in Nicosia and continued talks via teleconference on Wednesday. ...

488. Cyprus banks praised by US for stronger sanctions enforcement

US sanctions imposed on entities and individuals in Cyprus are not targeting the country, but “oligarchs and arms traders” enabling “the Kremlin war machine” to continue the war in Ukraine......

489. ECB set to cut key interest rate by 0.25% in upcoming meeting

The European Central Bank (ECB) is expected to reduce its key interest rate by 0.25% on Thursday, according to most economists in Greece and the Eurozone....

490. President promises continued efforts for Cyprus peace as UAE summit approaches

Cyprus President Nikos Christodoulides will meet with UAE President Sheikh Mohammed bin Zayed Al Nahyan in Abu Dhabi on Wednesday to discuss the Cyprus issue......

491. Bank of Cyprus considers selling JCC to Euronet

Changes are imminent in Cyprus' payment sector as discussions unfold regarding the sale of JCC Payment Systems Ltd to Euronet. JCC Payment Systems......

492. Cyprus trade deficit drops 17% in 2024

Cyprus’ trade deficit dropped by 17% in the first seven months of 2024, falling to €4.31 billion compared to €5.19 billion during the same period last year, ...

493. Harris surges in polls, but faces key test in first debate with Trump

The June 27 debate between President Joe Biden and former President Donald Trump marked a turning point in the race, leading to Biden's exit from the campaign on July 21. ...

494. Christodoulides visits UAE for talks on Cyprus' economy

The Cyprus issue, the situation in the Eastern Mediterranean and bilateral relations will be among the topics that President of the Republic Nikos Christodoulides will discuss with the President of the United Arab Emirates, in Abu Dhabi....

495. Bounced cheques in Cyprus reach €57K in August

A total of 30 bounced cheques worth €57,129 were issued in August 2024, according to data published on Monday by the Central Bank of Cyprus....

496. Google's grip on 'googling' fades as Gen Z shifts online habits

Twenty years ago, Google achieved what few companies can: its name became a verb. Merriam-Webster dictionary officially recognized “Google” as a verb, synonymous with searching for something online. ...

497. 1st Women in STEM Cyprus Forum

Women in Tech® Cyprus and TechIsland are co-organizing the first Women in STEM Cyprus Forum, scheduled to take place on October 8th, 2024, at the Kolla Cultural Factory in Limassol. ...

498. President to tour rural areas for local development

President Nikos Christodoulides will soon start a tour of all Cyprus districts, beginning with rural areas, to talk with local leaders about recent changes to local government rules....

499. Tiny house, big rent: Limassol's housing crisis hits new heights

It's no secret that rental prices in Cyprus, especially in Limassol, have skyrocketed to absurd levels. With people struggling to find affordable housing amidst a sea of luxury apartments and inflated costs, one local decided to poke fun at the situation—and it's hilarious!...

500. Greece imposes 20-euro levy on cruise visitors to curb overtourism

Greece plans to impose a 20-euro levy on cruise ship visitors to the islands of Santorini and Mykonos during the peak summer season, in a bid to avert overtourism, Prime Minister Kyriakos Mitsotakis said on Sunday....

501. Cypriot bank officials to present AML progress in U.S.

Top officials from four major Cypriot banks are headed to the U.S. on Sept. 16 to present updates on their progress in anti-money laundering (AML) efforts, sanctions enforcement, and foreign account management. ...

502. Oil and potatoes lead price hikes in August

Olive oil and potatoes saw the steepest price increases in August 2024, according to the latest data from the Cyprus Consumer Association....

503. Inflation slows as August sees small price increases

Inflation in Cyprus slowed down in August 2024, with prices rising by 1.5%, compared to a 2.11% increase in July. The Consumer Price Index (CPI), which measures the cost of living, went up slightly from 117.73 to 118.10....

504. Australia gives workers the right to ignore after-hours work messages

Australia has implemented a new ''right to disconnect'' law, allowing employees to ignore work calls and messages after hours without fear of repercussions. The law aims to protect workers from the expectation of being always available...

505. Cyprus unemployment drops by 8.9% in August

The number of registered unemployed people in Cyprus dropped by 8.9% in August compared to the same month last year, according to data from the Statistical Service of Cyprus (CyStat). This marks a decrease of 1,177 people, bringing the total number of unemployed to 12,079....

506. Cyprus sees higher borrowing costs, lower deposit rates in July

Interest rates on consumer loans and mortgages in Cyprus increased in July, according to the Central Bank of Cyprus (CBC). The rate for consumer credit climbed to 6.67% from 6.18% in June, while the rate for home loans rose to 4.59% from 4.52%....

507. Cyprus warns of severe water shortages due to climate change

Cyprus is sounding the alarm about the growing threat of water shortages in the Mediterranean region due to climate change. At a major meeting on Tuesday, Agriculture Minister Maria Panayiotou stressed that the country is a prime example of how serious the problem has become....

508. Back-to-school shopping spikes as prices fluctuate

in an article written by Kathimerini's Anna Polyviou, back-to-school shopping is in full swing with the new school year just around the corner. Consumers scramble to buy essentials like clothing, footwear, stationery, and school bags, taking advantage of a wide variety of products and offers to suit their needs and budgets....

509. Israel faces mass strike amid anger over hostage deaths

A general strike threatened to shut down much of Israel on Monday as public anger erupted over the killing of six hostages in Gaza and frustration grew with Prime Minister Benjamin Netanyahu’s handling of the ongoing conflict with Hamas....

510. Cyprus' illusion of prosperity as unemployment numbers mask realities

In its analysis, the Central Bank of Cyprus notes that in the first quarter of 2024, unemployment fell to 6%, the lowest level since 2009....