Search

61. Cyprus and U.S. launch historic strategic dialogue to strengthen bilateral ties

Nicosia and Washington are forming a concrete footprint for deepening their bilateral relations at the strategic level with the first-ever CY-US Strategic Dialogue launched today. ...

62. Hezbollah leader-in-waiting killed in Israeli airstrike

Hezbollah has confirmed the death of Hashem Safieddine, a high-ranking official and heir apparent to its current leader Hassan Nasrallah, following an Israeli airstrike. ...

63. Putin urges Dollar ditch, but asks summit guests for Dollars and Euros

Russian President Vladimir Putin is leading efforts to reduce global reliance on the US dollar by promoting "de-dollarization" at a summit with over 20 world leaders. ...

64. Bank of Cyprus shareholders moving at different speeds

CarVal Investors recently sold 3% of its 9.09% stake in Bank of Cyprus, sparking speculation that other shareholders may follow suit and sell their shares....

65. Cyprus surpasses pre-pandemic financial levels with growing surplus

Cyprus is bouncing back from recent economic challenges, with its financial health improving dramatically. Current fiscal surpluses now exceed what they were before the pandemic, thanks to a significant increase in revenue....

66. Cypriot banks sending loans abroad: A growing risk?

Yesterday, I had a conversation with someone who truly understands banking—probably more knowledgeable than many who think they do....

67. IMF raises Cyprus' growth forecast for 2024

The International Monetary Fund (IMF) has raised its forecast for Cyprus's economic growth in 2024 from 2.7% to 3.3%. This updated prediction comes from the IMF's October World Economic Outlook report released on Tuesday....

68. Spike in suspicious transactions as Cyprus freezes over €25 million in illicit assets

Reports of suspicious transactions in Cyprus have risen sharply in 2023, reaching levels similar to those in 2021, as per a story by Kathimerini's Dorita Yiannakou....

69. Finance Minister stands firm on economic stability amid rising pressures

In a recent interview with Andreas Kimitris, Cyprus Finance Minister Makis Keravnos spoke candidly about his firm stance on the country’s economic stability. ...

70. Public sector salaries to increase by 1.5% starting October 2024

Cyprus' House of Representatives has passed an agreement between the government and trade unions to implement a general 1.5% wage increase for public......

71. Record tourist numbers for 2024, slightly surpassing pre-pandemic levels

Tourist arrivals in Cyprus reached 3.27 million between January and September 2024, marking a 4.2% increase compared to the same period in 2023, according to data from the Statistical Service of Cyprus (Cystat)....

72. German estate agent denies misappropriation of Greek Cypriot properties

In the ongoing saga surrounding the controversial sale of Greek Cypriot properties in the occupied territories, a German real estate agent has denied all charges against her. ...

73. Cyprus' infrastructure shines as MED9 Summit boosts tourism

74. Behind the numbers: Are Cyprus's non-performing loans just a makeup job?

Are there good makeup artists in Cyprus? Sometimes I wonder, but since I’m out of the fashion scene, I can’t say for sure. However, when I think back to the banking events of the last 15 years, then yes—at least in the banks, they exist....

75. Customs seizures spark confusion over 'Green Line' fuel rules

The Commissioner for Administration and Human Rights, Maria Stylianou-Lottidi, has called on the Cyprus Customs Department to urgently clarify the rules on transferring fuel from the occupied territories. ...

76. Flight cancellations leave Air Haifa struggling for passengers

Air Haifa, a new low-cost airline, completed its inaugural flight on the Tel Aviv-Larnaca route yesterday morning. Upon returning from Larnaca, passengers were surprised to find the flight nearly empty, a rare occurrence during this peak travel season for the Israeli aviation industry....

77. Disputes delay Pafos-Polis Chrysochous motorway project

In today's Oikonomiki, Dorita Yiannakou reports that the ongoing dispute between the Greek construction company Intrakat and the State over the Pafos-Polis Chrysochous motorway project has led to a stalled construction timeline and potential penalties. ...

78. Global debt to exceed $100 trillion this year

Global public debt is nearing the size of the world economy, posing risks to living standards in developed nations, the International Monetary Fund (IMF) warned....

79. Bank profits in crosshairs as tax talks heat up

The future of a special tax on bank deposits paid to the state may be heading for a shift, though a final decision is not guaranteed. ...

80. Afternoon showers expected in the mountains

Today's weather will be partly cloudy, with isolated showers expected in the afternoon, primarily in the mountains. ...

81. Attica Bank secures US investment ahead of €672M share sale

Two major US investment funds are expected to participate in Attica Bank’s share capital increase, which takes place from October 21 to 30 and aims to raise 672.2 million euros....

82. Freedom Holding Corp. marks 5th anniversary of Nasdaq IPO with significant growth milestones

Freedom Holding Corp. (FRHC) is celebrating the fifth anniversary of its IPO on the Nasdaq Capital Market, one of the world’s leading stock exchanges. ...

83. Protests rise against Barcelona's growing tourist influx

Barcelona is grappling with a surge in tourism that has led to rising tensions among locals. Iconic landmarks like Sagrada Familia and Park Güell, along with bustling streets like Las Ramblas, are attracting 170,000 visitors daily, according to city authorities. ...

84. Greek households order food up to 3 times a week

More and more households in Greece are relying on takeout, having food delivered as many as three times a week. Rising demand has also led to an increase in recent years of food service enterprises being established with the exclusive purpose of distributing ready meals, without having a dining area....

85. Morocco’s flooding and Antarctic greening highlight climate crisis

Striking images from the Sahara Desert and the Antarctic Peninsula reveal dramatic changes in two of the world’s most extreme environments, driven by climate change....

86. Tougher penalties for employers skirting social security

The government is poised to toughen penalties for undeclared work in an effort to address the widespread issue....

87. Heat holds on, but showers loom by midweek

A weak low-pressure system is affecting the area....

88. Frustrated graduates flee abroad as job markets fail them

Over the past two decades, an educational revolution swept through much of the developing world. ...

89. Taavi Rõivas on why AI is the future of government

Taavi Rõivas, Estonia’s former Prime Minister, visited Cyprus for the Digital Agenda Summit 2024, where he was invited to speak about Estonia’s pioneering journey in creating a fully digitized government....

90. Over 100 US troops deployed to Israel as war in Gaza escalates

The United States is deploying one of its most advanced missile defense systems, along with approximately 100 troops, to Israel, deepening its involvement in the escalating conflict in the Middle East ahead of an expected Israeli offensive on Iran, according to U.S. media reports. ...