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1321. 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. ...

1322. 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....

1323. 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....

1324. 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....

1325. 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...

1326. K. Treppides & Co Ltd: Cyprus financial market recovery or impending closure? Uncovering hidden risks

1327. 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....

1328. 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....

1329. 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....

1330. 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. ...

1331. 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....

1332. Christodoulides sets course for UN assembly and high-stakes talks

Cyprus President, Nikos Christodoulides, leaves on Friday for Athens where he will attended in the evening a dinner hosted in his honour by the Cyprus Union of Shipowners....

1333. Putin and Erdogan's plan for turning Turkey into an ''Energy Hub'' stalls

A joint endeavor between Putin and Erdogan to transform Turkey into a crucial conduit for Russian gas to Europe appears to have hit a roadblock, according to sources cited by Reuters....

1334. Cypriot bonds dive as ECB battles inflation surge

The value of Cypriot bonds held by the Eurosystem has dipped below €7 billion as the European Central Bank takes measures to combat inflation. ...

1335. Cyprus welcomes EU report on Turkey, urges resuming talks

The Cypriot government has expressed its approval of the European Parliament's Progress Report on Turkey. ...

1336. EU passes borrower protection law: Your rights when borrowing money

The European Parliament (EP) has voted on rules to keep people safe when they borrow money for things like credit cards or loans....

1337. CBC governor joins EU leaders in Frankfurt

The Governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou, is in Frankfurt, Germany, to participate in the meeting of the Governing Council of the European Central Bank (ECB)....

1338. Wizz Air faces reduced Christmas flight schedule due to engine faults

Wizz Air has been forced to ground some of its planes and warned it would run fewer flights over Christmas after faults were uncovered in engines used by Airbus....

1339. Unprecedented disasters prompt urgent calls for risk assessment review

Unfortunately, this year has been a game changer in terms of risk prediction as the scale and impact of recent disasters has been unprecedented, Dr. George Boustras, ...

1340. Is Cyprus banking sector heading for a shake-up?

The Cypriot banking sector is in trouble, and it looks like Eurobank is on the verge of acquiring Hellenic Bank. Meanwhile, Astrobank and CDB Bank's relationship has shifted from a "flirtation" to an "appointment."...

1341. Big on big issues and small on small issues

Are you tired of scrolling and reading throughout long and multiple pages filled with every single detail of each accounting policy your entity of interest is using the last couple of years, only to find what really matters for you in page 25? Don’t get me wrong! I do that for living....

1342. CDB Bank and Astrobank in talks for potential acquisition

In an official announcement released by CDB Bank to the Cyprus Stock Exchange, both banks have confirmed discussions regarding the potential acquisition of CDB Bank by Astrobank. ...

1343. Cyprus aims to shine with 'Cypriot Red Soil Potato' in European market

Ministry of Agriculture, Rural Development, and Environment, is making every possible effort to address new challenges while improving the competitiveness of the agricultural sector, said the Minister of Agriculture, Rural Development, and Environment, Petros Xenophontos....

1344. Is Jack Straw's position the way forward?

In an opinion piece on Politico's website, Jack Straw, a former UK Foreign Minister (2001-2006) and Labour MP from 1979 to 2015, shared his thoughts on Cyprus joining the European Union in 2004, the EU's Inter-Governmental Conference (IGC), and how to solve the Cyprus issue. In summary, he argued that Cyprus should not have joined the EU in 2004 without resolving the Cyprus problem first. ...

1345. Digital Agenda's €10,000 prize AI competition deadline extended

The application period for the Digital Agenda Alpha stage Artificial Intelligence Competition has been extended. Kyriakos Kokkinos, the former Deputy Minister of Innovation, made this announcement on "SPOR FM 95.0" during the "news drill" show. Initially, the deadline was set for September 10th, but due to high interest, it has been extended to September 16th. ...

1346. Dairy leader Alambra unveils €10 million eco-friendly milk facility

On Tuesday, September 5th, the grand opening of the new Alambra fresh milk factory took place....

1347. New EU card to make travel easier for people with disabilities

The European Commission has unveiled a legislative proposal aimed at improving access to free movement for individuals with disabilities within the European Union....

1348. EU Commission's roadmap for seamless social security services

European Commission has proposed concrete steps to further digitalise the coordination of social security systems in Europe, in a dedicated Communication....

1349. ERC's €628M investment sparks scientific renaissance among young scholars

The European Research Council (ERC) has announced today the winners of the latest round of its Starting Grants....

1350. Recovery and Resilience measures target non-performing loans

In a move to address Non-Performing Loans (NPLs) and maximize European funds, Minister of Finance, Makis Keravnos, announced the approval of an action plan under the Recovery and Resilience Plan. ...