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301. Startups get boost from new PRE-SEED program

The Research and Innovation Foundation (RIF) has introduced the PRE-SEED program, welcoming entrepreneurs and early-stage startups with open arms. The program offers aspiring business owners the opportunity to secure equity-free funding,...

302. 2022 marks best real estate year in 14 years

DANOS, a prominent real estate consulting agency, hails 2022 as a remarkable year for Cyprus real estate, breaking through the economic challenges and awakening from the post-COVID stagnation. ...

303. Luxurious residences and cutting-edge offices transform Nicosia's skyline

After being closed for two years, the Landmark Hotel, formerly known as the Hilton, is undergoing rapid renovation. The MHV Group, the owner, has provided an update indicating that the project is progressing swiftly according to the plan, ...

304. BOC reports €220 million profit for first half of 2023

Bank of Cyprus Group has reported a robust profit after tax of €220 million for the first half of 2023, a significant leap from the €43 million recorded in the same period of 2022. Notably, €125 million of these profits were achieved in the second quarter of 2023....

305. Italy surprises banks with 40% windfall tax

Italy's rightwing coalition sent shockwaves through the financial markets as it announced an unforeseen 40% tax on bank profits derived from higher interest rates. ...

306. Cyprus sees population surge: 9.9% growth in a decade!

Cyprus' population recorded an increase of 9.9% in the period between 2011 and 2021, according to the preliminary results of the Census of Population and Housing 2021, published by the Statistical Service on Friday....

307. Tourism sets record revenue with fewer arrivals

The latest data on tourism revenues for the month of May has brought encouraging news for the tourism sector, signaling positive effects on the Cypriot economy....

308. Pfizer's value sinks $144B on COVID changes

Pfizer has lost $88billion in market share and $144billion in value since its market peak in just one year as the drugmaker suffers a major hangover from the success of its COVID vaccine....

309. Revolutionary cancer drug kills all solid tumors, leaves healthy cells intact

Scientists have developed a holy grail cancer drug that kills all solid cancer tumors while leaving other cells unharmed....

310. Prices of homes and apartments up 7.7% annually

The rise recorded in the housing market in Cyprus during the first quarter of 2023 was significant, as prices continued to increase, especially in apartments, mainly due to higher demand....

311. Melco Announces Unaudited Second Quarter 2023 Earnings

Melco Resorts & Entertainment Limited (Nasdaq: MLCO), operator of City of Dreams Mediterranean and Cyprus Casinos (“C2”), reported its unaudited financial results for the quarter ended 30 June 2023....

312. Wizz Air hits milestone with 6 Million passengers at Larnaca airport

Low-cost - airline Wizz Air, celebrated the successful transportation of six million passengers to and from the airport of Larnaka, Cyprus....

313. 150 students from T/C community granted EU scholarships

The European Union (EU) has selected one hundred fifty (150) new scholars of the 2023 EU Scholarship Program for the Turkish Cypriot community (TCc), a press release by the European Commission states....

314. ACI world's top 10 European airports that never sleep

Airports Council International (ACI World) has published the latest World Airport Traffic Dataset, revealing the top European airports that have experienced the most traffic out of 2,600 airports across more than 180 countries....

315. ECB dilemma with core inflation at 5.5%

The European Central Bank (ECB) is almost certain to raise interest rates by 25 basis points in its meeting tomorrow, though what happens next is unclear....

316. Cyprus banks witness €52.3B growth

Deposits in the Cyprus banking system rose significantly in June totalling €52.3 billion, while liquidity in the banking system amounted to €27.2 billion....

317. Where Cyprus stands in EU minimum wage

The minimum wage in Cyprus is slightly lower than 1,000 euro per month since the country became the 22nd out of 27 EU member states to have instituted a national minimum wage on January 1st, 2023, according to data released by Eurostat, the statistical service of the EU, about the situation as it stood on July 1st....

318. Brexit regrets: The UK's changing tune on EU exit

British nationals are expressing increasing regret over the decision to leave the European Union, according to a recent YouGov survey. Despite Prime Minister Rishi Sunak's claims that Brexit brought benefits to the UK, over half of the population would now vote to remain in the EU if a referendum were held again....

319. Global economy faces $590 trillion storm

A $590 trillion storm threatens the global economy as rising interest rates make more corporate debts problematic. ...

320. Philippos Soseilos: Significant investment opportunities in Cyprus

321. EY Cyprus announces five new partners

EY Cyprus is pleased to announce that its management team has been strengthened with the addition of five new partners and five new directors in 2023, reaching the total number of 31 partners of whom 6 are women, and 17 directors of whom 8 are women....

322. Cyprus population reverses decline, shows growth

The population of the European Union has increased again after two years of decrease according to data published by Eurostat, the statistical service of the EU, on the occasion of World Population Day. ...

323. Europe's first multi-themed resort opens in Limassol

The inauguration of the City of Dreams Mediterranean in Limassol on Monday marks a significant milestone for tourism in Cyprus, introducing the continent's first multi-theme resort....

324. Ministry of Labor to improve minimum wage policies

Cyprus currently has an outdated software system for pension fund operations. The government aims to expedite the actuarial study for the Social Insurance Fund (TKA) with the support of the International Labor Organization and the government of Austria. ...

325. TechIsland announces TechIsland Awards Finalists

TechIsland is happy to announce the shortlist of finalists for the 1st TechIsland Awards. The 260+ members of TechIsland were asked to submit their nominations for 7 different categories of awards, based on specific criteria, aiming to bring forward and shine a spotlight on individuals, projects and companies that are shaping the tech and innovation landscape of Cyprus....

326. Cyprus house prices on the rise, HPI increases 5.9%

House Price Index (HPI) recorded a 5.9% increase for the first quarter of 2023, marking its fifth consecutive quarterly growth compared to the same period in 2022, according to a preliminary estimate by the Statistical Service of Cyprus....

327. Germany blames Poland for fish kill negligence

Germany's government accused Poland on Monday of failing to stop the dumping of pollutants that contributed to the deaths of hundreds of tons of fish in the Oder River, which runs along the border between the two countries....

328. European stocks rally on hope of interest rate peak

Eurozone inflation fell more than expected to 5.5 percent in June, its lowest rate since the start of last year, but a slight rebound in core consumer price growth tempered any relief for policymakers....

329. Acknowledging borders' critical functions

Migration is a complex issue with various causes that differ across seasons and regions....

330. Interest rate increases boost Cypriot banks' 2022 profits to €177 million

Bank of Cyprus and Hellenic Bank generated a combined profit of €164.7 Million in Q1 2023, Driven by interest rate increases....