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1111. Rising rent costs challenge Cyprus middle-class budgets

A disconcerting trend is unfolding in Cyprus, where not only are the prices of essential goods on the rise, but rents are also skyrocketing, sparking extensive debates and concerns throughout society according to a report on Philenews....

1112. Walt Disney's 100-year story of success

The Walt Disney Company is celebrating its 100th anniversary....

1113. Real estate market remains unpredictable despite economic chaos

Everything around us exudes a sense of precision. Costs are on the rise, from the basic materials used in production to the final products we consume. ...

1114. Sunny start, stormy end

Local weather forecasts are predicting a mixed bag of conditions in the days ahead. On Monday, October 16th, some areas may experience small showers or even brief storms. ...

1115. Israeli-Hamas war puts Cyprus and Egypt at forefront of credit risks

Cyprus and Egypt are currently facing the most direct credit risks among countries rated by Scope Ratings due to the Israeli-Hamas conflict, warns the German firm....

1116. Government vulnerable to rising fuel costs amid Middle East tensions

Economist Pampos Papageorgiou recently addressed the potential economic consequences that the ongoing conflict in the Middle East may bring to Cyprus and Europe....

1117. Cyprus sees 22.1% surge in commercial flights in September 2023

In a promising turn for the aviation industry, Cyprus experienced a remarkable upswing in commercial flights in September 2023. Data gathered by Eurocontrol and published by Eurostat, the EU's statistical service, unveiled a 22.1% increase in the number of flights compared to September 2022. ...

1118. Senator Menendez faces explosive new charges of Egypt connection

US senator Robert Menendez, who is already facing corruption charges, has now been accused of acting as a foreign agent of Egypt. ...

1119. Ready for a weather rollercoaster this weekend?

Today, residents and visitors can expect a blend of weather conditions. ...

1120. Gaza: ''We are not Hamas!''

After days of devastating Israeli bombardment of the Gaza Strip, residents of the besieged enclave say there is no way to escape death....

1121. Government to expand workforce in 2024

In the 2024 budget, authorities anticipate total general government revenue of €13.2 billion and expenditures of €11.8 billion, resulting in a fiscal surplus of €659 million, equal to 2.2% of GDP. ...

1122. Songbird slaughter continues as gangs profit amid faltering enforcement

A conservation group in Cyprus said Wednesday that police have been lax in cracking down on criminal gangs that illegally trap migratory songbirds to supply restaurants, although the poaching has declined overall....

1123. Parents to protect kids from Hamas hostage videos on social media

Schools in Israel, the UK and the US are advising parents to delete their children’s social media apps over concerns that Hamas militants will broadcast or disseminate disturbing videos of hostages who have been seized in recent days....

1124. Turkish Cypriots alarmed by rise in Turkish interference

In a recent opinion poll conducted by the Centre for Migration, Identity, and Rights’ Studies (CMIRS) in northern Cyprus, Turkish Cypriots have expressed escalating unease regarding Turkey's growing involvement in the political, economic, and religious aspects of the breakaway northern Cyprus region, which remains under Turkey's control....

1125. IMF forecasts economic challenges for Cyprus in 2023 and beyond

The International Monetary Fund (IMF), in its ''World Economic Outlook'' for October, published on Tuesday, forecasts that Cyprus's growth rate for 2023 will slow down to 2.2% of GDP, down from the 2.5% it had projected in its April outlook....

1126. The Israeli war's impact on economy and energy prices

Economists have been examining the inevitable economic consequences of the war in Israel, particularly its influence on fuel and electricity costs....

1127. Thunderstorms to rumble across the island

1128. Electricity link connects Israel, Cyprus, Crete, and Greece

In a significant development for the energy sector, George Papanastasiou, the Minister of Energy, Trade, and Industry, expressed his warm welcome for the forthcoming implementation of the electricity interconnection project connecting Israel, Cyprus, Crete, and mainland Greece....

1129. Paphos sees increased security amid Israeli investment boom

Mr. Nicolaou has announced that security measures are being implemented in Jewish spaces across Cyprus, including Paphos....

1130. Cyprus Airways announces that it will waive ticket reissue fees between Tel Aviv and Larnaca

Cyprus Airways, the flag carrier of Cyprus, in order to facilitate passengers traveling between Tel Aviv and Larnaca, announces that it will waive ticket reissue fees for passengers holding a valid ticket until 15 November who wish to travel earlier or later....

1131. Sales surge by 14.2% despite 2022 comparison

In September, traditionally considered the start of the year for many, several significant trends are emerging....

1132. Rain and sunshine expected

Today's weather promises a mix of conditions, keeping residents and travelers on their toes. According to the Meteorological Service, isolated showers and the possibility of brief thunderstorms are anticipated, primarily in mountainous regions, the interior, and the northeast....

1133. Showers and thunderstorms expected

Cyprus is preparing for isolated showers and the possibility of thunderstorms on Monday (09/10), primarily in the northern regions, mountainous areas, and the interior, according to the latest forecast from the Meteorological Service....

1134. AI enhancing work-life balance, 100-year careers

JPMorgan CEO Jamie Dimon is shaking off doomsday predictions about what AI means for humanity — instead laying out how he sees the technology vastly improving businesses and the work-life balance of their employees....

1135. Deadly mirage for birds with over 1,000 fatal collisions in a single day

In a grim escalation of tensions, the Israel Defense Forces (IDF) have accused Hamas of taking "hostages and prisoners of war," according to Brig. Gen. Daniel Hagari, the IDF spokesperson....

1136. Cyprus politicians' perks and pensions - excessive or fair?

The political landscape in Cyprus is abuzz once again, as opposition parties seize yet another opportunity to level criticism at President Christodoulides. ...

1137. Poles and Greeks: Europe's thriftiest tourists

Poles are the most tight-fisted tourists in Europe, spending around €185 per person in other countries while visiting for tourism purposes, totalling up to €7.2 billion in 2022....

1138. Targeted fuel and heating reductions in government's considerations

The Cyprus Electricity Authority has announced a 3% increase in electricity prices for upcoming bills. ...

1139. Shift in conditions expected over the weekend

The weather forecast indicates changes in the coming days. Today, it will mainly be sunny, with some increased cloud cover in the afternoon over mountainous regions....

1140. Gynecologist ordered to pay €2.5 million in landmark medical negligence case

In a recent court ruling on a case of medical negligence, a gynecologist in Cyprus has been ordered to pay a substantial sum of €2.5 million....