Search

1111. Central Bank governor projects higher economic growth for 2023

On Tuesday, Constantinos Herodotou, the Governor of the Central Bank of Cyprus, announced that the Cypriot economy is projected to grow in 2023 at a higher rate than the Eurozone average. ...

1112. Attica's real estate market delivers 126% returns in last 5 years

The housing market has recently evolved into one of the most profitable investments, with a return of up to 126% during the last five years (2017-2022)....

1113. Zero VAT on basic daily goods goes into effect

A Council of Ministers decision for a zero VAT rate on a range of basic daily goods such as bread, milk, eggs, children's food, diapers, feminine hygiene products, and adult diapers comes into effect on Friday...

1114. Police impersonation scam alert!

The police are urging the public to be extra cautious following new reports and complaints of a scam that continues to be perpetrated with the aim of stealing money....

1115. 14-year-old kills 8 classmates and security guard in Belgrade

A 14-year-old boy opened fire in his Belgrade classroom on Wednesday morning, shooting dead eight fellow pupils and a security guard in a pre-planned attack and wounding seven others, Serbian officials said....

1116. Temperature rise expected as weak high pressure dominates region

In weather news, the Meteorological Service has forecasted a temperature rise for the region. Weak high pressure will continue to affect the area until Thursday....

1117. Man falls to his death from Ayia Napa's famed cliff

A man believed to be a foreign national was killed in Ayia Napa on Saturday after he fell off a cliff at a famous tourist attraction possibly while trying to take a selfie...

1118. Yellow warning in effect from 11am tomorrow

Today, the Met Office issued a yellow warning for localized rain and isolated thunderstorms. This warning will be in effect from 11:00 am tomorrow (28/04) until 7:00 pm on the same day....

1119. April Newsletter of K. Treppides & Co Ltd: EBA

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....

1120. Kaili fights back after Politico report

MEP Eva Kaili, who has been indicted over her involvement in the “Qatargate” corruption scandal, has denied claims made in a Politico report that she is also facing another criminal investigation into fraudulent payments involving four former assistants in the European Parliament from 2014 to 2020...

1121. The nose knows: AI app helps identify lost dogs through their nose prints

A South Korean startup has developed an AI-based app that scans your dog’s nose print and places it into a crowdsourced database that anyone can access to identify the owner of a lost dog....

1122. Davis Cup playoffs return to Cyprus

The Cypriot Davis Cup Team will fight in Cyprus for qualification at the European Zone Group B promotion play-offs....

1123. US Congress members sold bank shares amidst banking crisis fears

On March 10, as fears were swirling over the health of the nation’s banks, an investment account belonging to the children of Rep. Jared Moskowitz, D-Fla., sold shares of Seacoast Banking Corp. worth $65,000 to $150,000....

1124. Child porn felon freed in photo fakery case

The Supreme Court in the Republic of Cyprus has commuted a child porn prison sentence of a man in Larnaca after it emerged that images used to incriminate him were not real...

1125. Trickier travel looms as Eurostar ends direct trains from London to Disneyland Paris

Families that plan to go to Disneyland Paris from the United Kingdom this summer will have to rethink their plan of how to get there as Eurostar is set to end its direct trains from London to this destination....

1126. Excess deaths down in EU but not in Cyprus

For the first time since the beginning of the COVID-19 pandemic, there was no excess mortality recorded in the EU in February 2023, while Cyprus recorded the highest rate of excess mortality during the same month, according to data published by Eurostat...

1127. Heatwave alert! Temperature soars to 34 degrees with hazy skies

Brace yourself for a scorching heatwave as the temperature hits 34 degrees, while a weak high-pressure system lingers in the area. To add to the discomfort, thin dust particles will hang in the atmosphere until Wednesday, making the air hazy and dusty. Stay cool and take the necessary precautions to beat the heat!...

1128. Higher prices for Easter meat: Lamb sees a 25% increase, beef up by 15%

A year ago, reports described Easter dinner as the most expensive in four years. This year's prices are expected to surpass that record, according to the first data from the Easter Price Watch gathered by K and soon to be published by the Consumer Protection Agency....

1129. IMF projects steady GDP growth for Cyprus in 2023

The International Monetary Fund (IMF) maintained its projection for Cyprus’ economic growth in 2023 at 2.5% of GDP, while real GDP growth is expected to pick up pace in the next year....

1130. Protecting EU borders: The rise of border walls against third country migrants

The increasing number of illegal migrants reaching the European Union and Schengen Area Member States has pushed states to take different approaches to tackle their activity, including erecting walls or physical barriers at the borders....

1131. Surplus of €363 mn recorded in Cyprus in Jan-Feb 2023

A surplus of €363 mn or 1.3% of GDP for the period of January-February 2023, according to the preliminary General Government fiscal results, published by the Statistical Service of Cyprus on Friday....

1132. Prem Watsa: 'Greek banks are safer'

Greece has entered a virtuous cycle of growth, and the next few years will be especially beneficial to the economy and Greeks if political stability is maintained and business-friendly policies are implemented....

1133. Cabinet cracks down on stadium violence

Following the riots inside and outside the Eleftheria stadium, the government places the fight against violence in sports venues squarely on the shoulders of the police. ...

1134. Gale force winds expected Wednesday morning

Today, after the dissipation of low clouds and fog in the morning, mostly clear weather is expected, though locally, increasing clouds may occur. In the afternoon, ...

1135. Clocks in Cyprus spring forward this weekend

Residents in Cyprus will lose an hour of sleep after Daylight Saving Time goes into effect Sunday morning, with European officials and public opinion still divided on whether there is value in switching back and forth at all...

1136. Cliff death boyfriend walks free after police backtrack

A man who reported the cliff death of his girlfriend but became suspect based on a controversial forensic report walked free on Friday, after official results of a second autopsy rejected the investigators’ premeditated murder theory and stirred up debate on how Cyprus Police investigate cases...

1137. High prices continue to plague the market

1138. 'Officials' in the occupied side want no EU involvement in resolution

The refusal of the T/C side to accept EU involvement in the Cyprus problem was reiterated by the "Foreign Ministry" in a statement, saying "it is time to review our relations with the EU and try to bring them to a respectable level"....

1139. March continues to bring rain and dust

Rain and increased dust levels appear to be the weather forecast for the next few days. Panagiotis Georgiou, Meteorological Officer, told "K" that isolated localized showers are expected on Thursday and Friday, with the possibility of thunderstorms....

1140. 'Cyprus banking system ready to absorb shocks'

Tasos Yasemidis, an economist, spoke to "SPOR FM 95.0" and the "DIASPORA NEWS" show about the deal for the acquisition of Swiss bank Credit Suisse by UBS and how it affects the banking sector in Cyprus, ...