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1951. Focus on growth, employment control, and surplus in the 2024 budget

The 2024 state budget to be tabled to the Council of Ministers for approval next week will have three key characteristics, Minister of Finance Makis Keravnos told CNA....

1952. Liquidity cover hits 318% in banking

Konstantinos Herodotou, the Governor of the Central Bank of Cyprus, delivered a robust message at the TechIsland conference in Limassol....

1953. Olive oil prices soar due to shortage and weather woes

The price of olive oil is expected to rise dramatically, possibly exceeding 10 euros per liter and reaching 15 euros in Europe, according to agricultural organizations....

1954. Government considers making face-covering in protests a crime

DISY is set to present a proposal to amend the Penal Code to criminalize participating in demonstrations while deliberately concealing one's identity....

1955. Christodoulides invites Erdogan to pursue peace

Cyprus President Nikos Christodoulides, during his address to the 78th session of the UN General Assembly in New York, extended an invitation to Turkish President Recep Tayyip Erdogan to collaborate towards a vision of peace and the mutual betterment of their countries....

1956. K. Treppides & Co Ltd and EIMF partner up to offer complimentary studies and assured long-term employment

A unique agreement recently penned between K. Treppides & Co Ltd and the European Institute of Management and Finance (EIMF) offers full-time employment while covering all study costs associated with obtaining EIMF’s accredited Diploma in “Accounting and Financial Management”....

1957. Minister demands urgent action on migrant smuggling

Migrant smuggling is a global concern that demands our immediate attention, Minister of Justice and Public Order Anna Koukkides Procopiou said on Tuesday, adding that a country deeply affected by this phenomenon, is Cyprus....

1958. Consumers revolt as rising prices trigger surge in complaints

In recent months, the Pancyprian Consumers Association has been inundated with consumer complaints, particularly following the reinstatement of excise duty on fuel and the termination of electricity subsidies. ...

1959. Cyprus inflation skyrockets to 3.1% in August

The annual inflation rate in Cyprus saw a rise to 3.1% in August 2023, up from 2.4% in July....

1960. Borrowers in a high-stakes game of loan roulette

In 2023, borrowers face a pivotal year, primarily due to the soaring levels of inflation, rising prices, and increasing interest rates. This year also carries significant importance for banks, not in terms of profits, ...

1961. Erdogan calls for global recognition of 'TRNC' in defiant UN speech

In his address to the UN General Assembly, the Turkish President expressed doubts about the feasibility of a solution on the island based on the federal model, despite the sincere efforts put forth by the Turkish Cypriot side....

1962. Corruption and desperation forge a new path to Cyprus

A new migratory route to Cyprus has emerged this summer, with increased departures from Syria to Cyprus surpassing those from Lebanon, according to a report by Open Democracy....

1963. Legal challenge threatens Qatargate corruption case

Nine months into the Qatargate legal case, Eva Kaili, a former vice president of the European Parliament, has initiated a legal challenge that could potentially derail the entire investigation. ...

1964. Ukraine sparks trade war with legal action over food bans

Ukraine has filed lawsuits to the World Trade Organization (WTO) against Slovakia, Poland and Hungary over their bans on food imports from Kyiv. ...

1965. The missing piece in Greek-Turkish diplomacy

The public discourse has been flooded with commentaries in favor or against the ongoing efforts for a Greek-Turkish rapprochement....

1966. Christodoulides to confer with EU Commission Chief in NYC

Cyprus President, Nikos Christodoulides, will meet on Monday in New York with the President of the European Commission Ursula Von der Leyen who is in New York for the 78th UN General Assembly....

1967. The European Health Insurance Card (EHIC) is your passport to health

The European Health Insurance Card (EHIC) is a valuable resource for European citizens, providing access to essential healthcare services during temporary stays in 27 European Union (EU) countries. ...

1968. Why did Brussels ignore Cyprus? Questions arise over EU inaction

Commission President Ursula von der Leyen delivered a comprehensive 16-page speech on the "state of the Union" before the European Parliament, speaking for an hour....

1969. Italy's cry for help: Facing a migrant surge amid EU discord

Italian Prime Minister Giorgia Meloni has appealed for greater European support as her country confronts a surge of people fleeing north Africa, amid growing tensions between Rome and other EU capitals over migration policy....

1970. 135% debt reduction sparks hope for economy

According to the latest data from the Central Bank of Cyprus, the private debt-to-GDP ratio has shown a significant decrease from its peak at the end of the first quarter in 2015 to the end of March 2023. ...

1971. The victim...has no obligations

In a recent development, the European Parliament gave its approval to the report on Turkey's path to accession. This report is notable for its severity, addressing not only President Erdogan's erosion of democracy within Turkey but also the ongoing Cyprus problem....

1972. SSM chief urges banks to be prudent amidst soaring profits

The Chairman of the Single Supervisory Mechanism (SSM), Andrea Enria, has emphasized that the gains from high interest rates for banks will eventually come to an end....

1973. Halloumi woes persist as PDO battle heats up

One year after the implementation of an agreement between the Ministry of Agriculture, producers, cheese makers, and KEBE regarding halloumi cheese, issues persist....

1974. Rising prostate cancer cases in Cyprus sound alarm bells for men's health

New data reveals a concerning increase in prostate cancer cases in Cyprus, with 656 cases detected in 2020, compared to 550 in 2019. Prostate cancer is the most prevalent form of cancer among European men, a...

1975. K. Treppides & Co Ltd: Cyprus financial market recovery or impending closure? Uncovering hidden risks

1976. Major government reforms begin with secretariat's launch

The Secretariat for the coordination and support of government work which is included in the Governance Programme of the President of the Republic, under the pillar "Restructuring the State", starts work on Friday, an Presidency press release says....

1977. AKEL blasts government amid rising bank profits

The political party AKEL has voiced its discontent with the government's handling of economic issues, particularly in light of the recent decision to raise interest rates for the tenth time....

1978. ECB raises rates for the 10th time as it tries to quell inflation

The European Central Bank raised interest rates for the 10th meeting in a row on Thursday to counter stubborn inflation but signalled that it is likely done tightening policy....

1979. Christodoulides rejects Cyprus solution changes

In a firm stance on the Cyprus issue, President Nikos Christodoulides asserted that altering the foundation of a Cyprus solution is deemed unacceptable, not only by the Greek Cypriot side but also by the international community. ...

1980. Over 200,000 dead animals reported in Thessaly

More than 200,000 dead animals have been declared to the Hellenic Agricultural Insurance Organization (ELGA) in Thessaly, central Greece, according to Minister of Rural Development and Food Lefteris Avgenakis....