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1441. Heatwave hits region with record-breaking temperatures

In a dramatic turn of events, a blistering heatwave has descended upon the region, bringing with it record-breaking temperatures....

1442. Double impact on gas station owners

Citizens are in turmoil following the termination of reduced special consumption tax rates on transportation and heating fuels, which resulted in increases of 8.32 cents in gasoline and diesel, and 6.83 cents in heating fuels. ...

1443. Clear skies, chance of showers in mountains

In the latest weather forecast, Monday, 07/03, is expected to bring mainly clear skies with a chance of isolated showers in the mountains during the afternoon....

1444. Cyprus’ neighbor to add another lane for gas export

Partners in the Israeli offshore gas project Leviathan said on Sunday they would invest $568 million to build a third pipeline that will allow increased natural gas production and exports...

1445. Profit distribution for players in classes A and B increased by 22%

Total gross revenue (pay-in) from class A and class B bookmakers amounted to 267.6 million in the first quarter of 2023 marking an increase of 21% compared with the respective quarter of last year, National Betting Authority (NBA) has said....

1446. Urgent call to liberalize electricity market

Mr. Neophytou attended the Annual General Assembly of the Electricity Market Association (EMA) on Thursday, June 29th, and delivered a greeting. ...

1447. 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....

1448. EU Commission issues Green Line report

Trade, as well as crossings through the Green Line have increased in 2022 compared to 2021, according to an annual report on the implementation of the Green Line Regulation published by the Commission...

1449. Clear nights with low cloudiness forecasted

Weather enthusiasts and nature lovers have reason to rejoice as the forecast for Thursday, June 29 promises a delightful day filled with abundant sunshine. ...

1450. House Speaker tells college grads Cyprus needs them

The brain drain in Cyprus may not be as threatening as that of other countries, but it is still a concern, the President of the House of Representatives Annita Demetriou said on Tuesday evening, addressing the graduation ceremony of the Faculty of Pure and Applied Sciences of the University of Cyprus...

1451. Nicosia encourages green transportation with new policy

Effective Saturday, July 1, the Nicosia Municipal Council will implement new parking fees in municipal parking areas, following a decision made on April 20, 2023. ...

1452. Weak seasonal low pressure impacts area

Today's weather forecast indicates a predominantly clear day, although sporadic patches of clouds may appear throughout the region....

1453. 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....

1454. Drug-related deaths surge in Vienna

A new UN report said the number of people suffering from drug use disorders had skyrocketed in the last 10 years....

1455.  Land sales surge in Akamas

The irregularities observed within Akamas' protected area, as highlighted in last Sunday's report by "K," appear to be just one aspect of a broader issue emerging in anticipation of the implementation of the local plan in September....

1456. HIO President assures no increase in GESY contributions until 2030

In a recent interview on the DIASPORA NEWS show, Stavros Michael, the president of the Health Insurance Organization (HIO), announced that there would be no rise in the contributions of beneficiaries to GESY until at least 2030....

1457. Wheat prices up by more than 6%

The price of wheat rose more than 6% last week amid concerns that the international agreement on the export of Ukrainian grain, which expires on July 18, may not be renewed....

1458. €10 banknote most counterfeited bill in Cyprus

In a recent annual report, the Central Bank of Cyprus shed light on the prevalence of counterfeit bills and coins circulating in the country. The report, according to an article on Philenews, highlighted the €10 banknote as the most counterfeited bill, making up 40.8 percent of the total counterfeit pieces....

1459. Conservatives storm to victory in repeat Greek election

Greece's conservative New Democracy party stormed to victory in a parliamentary election on Sunday with voters giving reformist Kyriakos Mitsotakis another four-year term as prime minister...

1460. Cyprus's organic farming flourishes, Eurostat data reveals

The area used for organic agricultural production has increased in all member states of the EU, including Cyprus, between 2012 and 2021, according to data published by Eurostat, the statistical service of the European Union....

1461. British military intelligence reveals Russian navy's use of combat dolphins

British military spies on Friday said Russia appears to be training combat dolphins in the annexed Crimean peninsula to counter Ukrainian forces....

1462. Hellenic Bank rakes in €69.7 million in profits during Q1 of 2023

Hellenic Bank has reported a profit of €69.7 million for the first quarter of 2023, signaling a strong start to the year. ...

1463. Israeli deal fuels Cyprus arming Ukraine rumors

Cyprus has emerged in media reports as the 'unknown European country' that negotiated to buy Israeli Merkava tanks, fueling persistent rumors that dozens of the island’s Russian T-80 were set aside for Ukraine in a so-called swap deal...

1464. MPs move forward with divestment changes

MPs are displaying a resolute determination to press ahead with crucial changes to the divestment framework before the parliamentary summer recess....

1465. Excess renewable energy poses challenges for Cyprus

There is an excess production from renewable energy sources that could be extracted, stated the spokesperson of the Cyprus Transmission System Operator (TSO) to CNA....

1466. Bank of England raises interest rates to 5%

The Bank of England has raised interest rates by a half point to 5% as part of its efforts to combat high inflation and rising mortgage costs. ...

1467. Clear skies and gradually rising temperatures expected

Today's weather will feature predominantly clear skies with a gradual increase in cloud cover over the mountains during midday and beyond. Winds will initially be predominantly from the north to northeast direction, ...

1468. Cyprus Airways Upgrades Fleet to A220, Unveiling Joint Conference with Airbus at Paris Air Show 2023

1469. Total loans increase by €71 million, reaching €24.4 billion

Non-performing loans decreased by €105 million end of March 2023, compared to the end of December 2022, reaching €2.2 billion, according to data published by the Central Bank of Cyprus on Tuesday. ...

1470. Cyprus banks to double net interest income in Q1 2023

Net Interest Income (NII) for the Cypriot banking sector nearly doubled in the first quarter of 2023, driven by the ECB’s rising interest rates in a bid to contain inflation....