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1921. Presidential debate - The arguments, aggressiveness, and lies

The first cross-court debate between the three main presidential candidates based on polls featured nerves, dynamism, pace, and a variety of topics....

1922. Bounced checks totaling €47,010 were issued in October

In October 2022, only 32 bounced checks totaling €47,010 were issued, and a total of 20 people were listed on the preliminary list of the Central Information Register (CIR) for bounced checks maintained by the Central Bank of Cyprus (CBC). Thirteen of the twenty were natural persons, and seven were legal entities....

1923. Unemployment in Cyprus up by 1.9%

Unemployment in Cyprus marked an annual increase in October of 1.9% according to the Statistical Service of the Republic of Cyprus....

1924. Budget approved for 1,000 charging stations across the island

The Cabinet on Wednesday approved a proposal submitted by the Ministry of Transport for the installation of 1,000 public charging stations for electric vehicles, with a budget of 3.7 million euros....

1925. Cyprus' annual inflation rate declines to 8.6% in October

Annual inflation rate for October expected to be 10.7% in the eurozone and 8.6% in Cyprus according to Eurostat estimates...

1926. Shanghai Disney visitors trapped after lockdown

Shanghai Disney has become the latest high-profile venue to shut its gates thanks to China's strict zero-Covid policy, trapping visitors inside....

1927. Prepare for an increase in grain prices

Agriculture Minister Costas Kadis told 'K' that there is no concern about grain sufficiency in the Cypriot market at this time, explaining that strategic stocks of grains received in the summer remain in importers' silos. ...

1928. EY holds Cyprus Attractiveness Forum: Investment Realized, a reference point for FDI in Cyprus

The Cyprus Attractiveness Forum: Investment Realized, organized by EY in collaboration with the Cyprus Chamber of Commerce and Industry, took place on Tuesday, October 25th at the Parklane Hotel, in Limassol. ...

1929. 'Resistance to change is the main issue in digital transformation'

The biggest problem faced in the effort for digital transformation is resistance to change, Cyprus’ Deputy Minister for Research, Innovation and Digital Policy, Kyriacos Kokkinos said on Monday in parliament where he presented his Deputy Ministry’s budget for 2023 and the work it has carried out during the past two years since its establishment....

1930. Eleftherias Square is getting a bakery and a kiosk

1931. Cyprus' hourly labor costs in 2020 was at €18.10, with some exceptions

Based on the findings of the Labor Cost Survey (LCS) conducted by the Cyprus Statistical Service, the hourly labor cost was set at €18.10 with 2020 serving as the benchmark year....

1932. Emirates to resume daily operations to Cyprus

Emirates will be increasing the flight frequency of its Malta-Larnaca-Dubai route to a daily service starting 1 December 2022. This will bring back the airline’s operations on this route back to pre-pandemic levels, signalling a steady recovery amid the easing of travel restrictions worldwide....

1933. Household debt in Cyprus was 81% of GDP in June

Household debt stood at EUR 20.1 billion at the end of June 2022, with the relevant debt ratio standing at 81% of GDP, a slight decrease compared to the previous quarter due to GDP growth....

1934. ECB raises interest rates by 0.75%.

The European Central Bank recently decided to raise interest rates by 0.75%. This is the third consecutive increase (a 2% increase overall), and the base rate will now be 2%. The interest rate at which banks accept deposits has risen from 0.75% to 1.5%....

1935. German Chancellor says a solution can be found on speculative gas price spikes

German Chancellor Olaf Scholz said on Thursday that EU energy ministers still have much work to do but a solution could be found to contain speculative spikes in gas prices....

1936. Cyprus's economic sentiment improved in October as a result of services and retail trade

In October 2022, economic sentiment in Cyprus improved as the Economic Sentiment Indicator (ESI-CypERC) increased by 0.4 points compared with September 2022....

1937. Wim Van Aken talks recession and the predictions for Cyprus

We are facing a double shock. First, we had the Covid-19 shock and now the global and European economies are facing a new shock with the war in Ukraine. Both events are unprecedented for many of us....

1938. Bank deposits climb to a nine-year high

Deposits in the Cypriot banking system climbed to a nine-year high in September, while total loans continued their downward path, declining in a five-month low, boosting liquidity in the system to over €23 billion....

1939. Cyprus Tech Ecosystem Platform

On Wednesday 19th of October, TechIsland & “Dealroom.co” brought live the Cyprus Tech Ecosystem Platform....

1940. Rishi Sunak to become Britain's next Prime Minister

Britain's new prime minister is Rishi Sunak. Penny Mordaunt, the only candidate left standing for the Conservative leadership following Boris Johnson's withdrawal yesterday, has also withdrawn from the race, paving the way for Sunak to take over as Prime Minister....

1941. Boris Johnson or Rishi Sunak expected to be UK's next prime minister

Boris Johnson and his former finance minister Rishi Sunak were leading potential contenders to replace British Prime Minister Liz Truss on Friday, with candidates canvassing support to become Conservative Party leader in a fast-tracked contest....

1942. Cavusoglu: 'TRNC' delegations will be established in two EU member states

Turkish Foreign Minister Mevlut Cavusoglu said that although the pseudo-state has not been recognized, representative offices will now be established in two EU nations. ...

1943. Government transparency and a single Cyprus identity on the campaign agenda

The Cyprus problem, energy, green economy, public education, the calls for disclosure of information related to the Cyprus Investment Programme, and the failure of four independent candidates to run under a common candidacy, were the main topics of candidates' statements and activities on Thursday....

1944. EU leaders burn midnight oil on gas prices

European Union leaders ended another debate on the bloc's response to the energy crunch without agreement on whether to cap gas prices, deciding in the early hours of Friday morning to keep examining options to put a ceiling on costs...

1945. Workplace accidents decreased in 2020, but severity of nearly 50% not specified

In 2020, almost 2.7 million non-fatal work accidents resulted in workers being absent from work for four days or more in the EU, while 3,355 work-related accidents were fatal, according to data released by Eurostat, the European Union’s statistical service....

1946. Embracing the digital age through the 'smart school' program

Our educational system, the Ministry of Education, and the State are making an important and historic transition to the digital era with the signing of the €20 million Contract for the "Support Services System" Project on September 6, 2022. ...

1947. 'Cyprus made': When to expect the branded products

Local products can now be branded as Cypriot-made. After a year of work, consultations, and procedures, as well as research into international examples, a new brand name for Cypriot products has been developed: Cyprus Made - Unique by origin....

1948. Petrides: 'We will not impose new fuel taxes'

Finance Minister Constantinos Petrides stated that no new fuel taxes will be imposed, an obligation that should be met by the end of the year....

1949. Why is simple so complex? Will robots take over my job?

This year's Digital Agenda Summit did not disappoint. Speakers from all parts descended on Nicosia to present their views on technology, AI, generation 'Z', our future work environment, the changes to our health management and where we are heading in the future....

1950. Consumers preferred plastic money over cash this summer

Consumer card usage for purchases is still on the rise. The most recent JCC data, covering Q3 2022, reveals an increase in card usage in Cyprus for both Cypriot and foreign cards. ...