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1321. Reduced excise tax on fuel extended until mid-January

The Cyprus government extended the reduced excise duties on fuel until 15 January 2023 on Friday, in a bid to alleviate the effects of soaring inflation fuelled by the war in Ukraine, with the Finance Minister calling on Households and businesses to save energy as fiscal measures cannot tackle the problem of price hikes in its entirety....

1322. Ask WiRE Index: Apartments lead the way in sale and rent price hikes in Q2

Ask WiRE, a company combining real estate know-how with technology has published its Q2 2022 edition of the Ask WiRE Index for property sale and rental values. The Ask WiRE Index covers all districts and main property types, with values from Q4 2009....

1323. A cat has nine lives. So does the Cyprus property market.

Where is the Cyprus property market heading? I have been asked this question countless times over the past three months, primarily from foreign investors who are trying to appreciate how the rise in inflation, increase in interest rates, and war in Ukraine is affecting local market dynamics....

1324. USA - Russia: White House 'takes Putin's nuclear threats seriously'

The United States is "taking seriously" Russian President Vladimir Putin's threat to use nuclear weapons in the war in Ukraine, a White House spokesman said today but stressed that "the consequences will be severe" if the Russian leader actually follows through on those threats....

1325. Self check-in and robots - the future of tourism in Cyprus

1326. Profits of €55.4 million in first half of 2022 for Hellenic Bank

Hellenic Bank reported a profit of EUR 55.4 million for the first half of 2022, compared to a profit of EUR 21 million in the corresponding half of 2021....

1327. Turkish Cypriots predict direct Russian flights to north

Turkish media are citing information that Turkish Cypriots could be closer to getting direct flights between Russia and north Nicosia, an otherwise politically unworkable task due to the division of the island that has come under challenge in recent years...

1328. Only PDO halloumi available in the market from today

As of today, inspectors from the Ministry of Agriculture have started inspections in supermarkets and store refrigerators to remove non-PDO branded halloumi products....

1329. Queen Elizabeth's funeral: The 'last hurrah' for Britain's longest reigning monarch

Elizabeth's ceremony and procession to be broadcast globally, with events expected to last nearly 12 hours...

1330. 'Cyprus Tomorrow Plan': The legacy of the Anastasiades government

Cyprus President Nicos Anastasiades said he has a “clear conscience” as he delivered on his commitments concerning the creation of a “welfare state with no exclusions,”...

1331. Cyprus starts golden passport trial with a paradox

A defense attorney in the golden passport trial set to begin next month raised a conflict of interest on Monday, when his client and former House speaker along with three other defendants appeared for their arraignment before a Nicosia district judge...

1332. ECB hikes up interest rates 75 basis points to 1.25%

The European Central Bank raised its key interest rates by an unprecedented 75 basis points on Thursday and signalled further hikes, prioritising the fight against inflation even as the bloc's economy is heading for a likely winter recession....

1333. Queen Elizabeth under medical supervision - Concern for her health

Doctors are concerned about Queen Elizabeth's health and have recommended that she remain under medical supervision, Buckingham Palace has announced....

1334. 186 year old landmark zoo in Bristol finally closes its doors

One of the oldest zoos in the world, Bristol Zoo, closed its doors after 186 years of operation on September 3rd as its guests have been moved to a new site....

1335. Metsola has full plate as she flies to Cyprus

European Parliament President Roberta Metsola is flying for an official visit to Cyprus, where years ago she spent time as a college student, but this short trip is packed with hot button issues for Europe’s youngest-ever speaker...

1336. Proposed marriage act aims to fix divorce in Cyprus

The government in the Republic of Cyprus is reviving attempts to reform marriage law, with legislation proposals aiming to modernize divorce proceedings, eliminate outdated laws, and prevent child marriages that could violate statutory rape laws...

1337. Back to School Allowance - Amounts and beneficiaries

A one-off 'Back to School' grant to families with children aged 4-18 years old, based on income criteria and household composition, was approved by the Council of Ministers at today's meeting, following a proposal by the Deputy Minister of Social Welfare, Ms. Anastasia Anthousi....

1338. Banks imposing stricter lending standards

Cyprus banks have tightened credit standards in the second quarter of 2022, while net new lending demand subsided, reflecting the geopolitical tensions and the uncertainty in the global economic environment, the Central Bank of Cyprus Bank Lending Survey for Q2 says....

1339. Liz Truss to freeze energy bills for households

British Prime Minister Liz Truss plans to freeze household energy bills at their current level for this winter and the next, paid for by government-backed loans to energy suppliers, the BBC reported Tuesday....

1340. Euro-dollar exchange falls to a 20-year low

The escalation of the energy crisis with Moscow's aggressive, albeit predictable, decision to close the Nord Stream 1 pipeline indefinitely has led to a new fall in the euro, this time below 99 cents on the dollar....

1341. Britain's new PM draws scathing reaction from Moscow

Liz Truss will replace Boris Johnson as Britain's prime minister on Tuesday, after Russian politicians and media lined up on Monday predicting her ascent to power would do nothing to improve dire relations. ...

1342. Liz Truss becomes Britain new PM after Johnson fallout

Liz Truss will become Britain's next prime minister after winning a leadership race for the governing Conservative Party on Monday, vowing to press ahead with promised tax cuts and action to tackle the deepening energy and cost of living crisis....

1343. Cheaper electricity in September - How much will you pay?

The issue of electricity pricing is at the top of every household's agenda, especially with galloping inflation and the increase in fuel prices, making it a big hurdle for many. Despite this, things seem to be encouraging as far as September is concerned as bill pricing is expected to be reduced....

1344. Rumors about Israel-Lebanon gas pact as Cyprus sits out

America’s energy czar is purported to be mediating a secret gas arrangement between Israel and Lebanon, a Herculean task given delineation complexities but not farfetched given ongoing efforts to resolve similar disputes between Tel Aviv and Nicosia...

1345. Midtown murder suspect linked to abandoned house

The main suspect in the murder of a Romanian homeless woman in Nicosia has purportedly placed himself at the scene of a crime during interrogation by police, with investigators still seeking security camera footage to ascertain the identity of any other persons who may have had access to the vacated property...

1346. Lukoil chief falls to his death from hospital window in Moscow

Ravil Maganov, the chairman of Russia's second-largest oil producer Lukoil, died on Thursday after falling from a hospital window in Moscow, two sources familiar with the situation said, becoming the latest in a series of businessmen to meet with sudden unexplained deaths....

1347. At around 27 years old is when young Cypriots flee the nest

Young people in Cyprus moved out of their parent's house on average at the age of 27.2 years in 2021, a little below the European Union average which was at 26.5 years, according to data released by Eurostat, the statistics service of the EU....

1348. Suspect detained in midtown murder investigation

A man has been arrested on premeditated murder charges after police positively identified a body found in a vacated property in Nicosia, with sources suggesting both suspect and victim were from the same country...

1349. Erdogan insists Greece’s S-300 locked on Turkish plane

The theory that Greece’s Cypriot-bought Russian-made S-300 could be heading for Ukraine got some attention this week, after Ankara insisted that Athens used the previously-forgotten missile system to lock on a Turkish plane over the weekend, a claim Greek officials deny...

1350. Woman brutally killed in vacated midtown home

Police are investigating the death of a woman after her body was found on Tuesday in a vacated property in Nicosia, with reports saying her face was badly battered and bloodied...