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1681. The triumphs, challenges, and unity in the mountains of Limassol

The specter of the formidable Arakapa fire reawakened as an eight-and-a-half-square-kilometer blaze surged through Mountain Limassol. ...

1682. Is there a need for radical changes in civil protection?

The catastrophic fire in Rhodes, a typical and unfortunate example of what is internationally referred to as a mega-fire - a fire that is extremely destructive to the local environment...

1683. 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....

1684. 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....

1685. 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....

1686. 200 delegates missing at Lisbon's World Youth Day

About 200 Angolans and Cape Verdeans didn’t show up to their delegations to participate in World Youth Day, which runs until Sunday in Lisbon....

1687. Cyprus industrial prices up 0.1% in June

In June 2023, industrial producer prices in Cyprus increased by 0.1% compared with May 2023, while decreasing by 0.4% in both the eurozone and the EU, according to estimates from Eurostat, the statistical office of the EU....

1688. Clear evening, gradual cooling expected

The Meteorological Service has just issued a new yellow warning as temperatures continue to rise....

1689. Ahoy Ayia Napa! Rhapsody of the Seas unleashes 3,000 tourists

Cruise ship Rhapsody of the Seas, of the Royal Caribbean group, with 3,000 people onboard docked on Thursday in Ayia Napa Marina on the southeast coast of the island....

1690. Trump to stand trial for Capitol riot charges

Donald Trump is due to appear in court to face charges over involvement in the January 6th Capitol riots. ...

1691. Electricity trade in E. Med could spark net zero emissions in region

Recent research conducted by the Cyprus Institute (CyI) has highlighted the significant role electricity trade can play in achieving cost-optimal greenhouse gas emission abatement targets. ...

1692. Coastal areas and mountains to offer cooler relief

The Greek Meteorology Department issued a new yellow warning for high temperatures and a fire hazard alert on Thursday (03/08). ...

1693. Corporate loans above €1 million surge

The net new loans (excluding restructurings) in Cyprus amounted to €1.73 billion in the first half of 2023, showing a slight annual increase of 1.26%. The continuous interest rate hikes by the European Central Bank significantly slowed down the granting of housing loans....

1694. Massive fire erupts in the mountains of Limassol district

A massive fire erupted in the Limassol district on Wednesday (02/08) around noon, prompting the Fire Brigade and the Forestry Department to take immediate action....

1695. Cyprus leads the way in EU internet accessibility

Recent statistics shared by Eurostat, the statistical service of the EU, highlight Cyprus as one of the countries with the lowest percentage of people unable to afford an internet connection in the EU....

1696. Eurobank Cyprus reports soaring profits amid rising interest rates

Eurobank Cyprus posted soaring profitability after tax for the first half of 2023 with net profits approaching the profitability of full year 2022, due to rising interest rates and the high remuneration of its liquidity held at the ECB....

1697. Should you sell your family business?

A common response from family business owners when asked the above question is, "Let them make an offer, and we'll see."...

1698. Fuel companies announce significant price hikes

Looking at the average prices across Cyprus, we found that the average price of unleaded 95 petrol increased yesterday afternoon, Tuesday, compared to the morning, and now stands at 1.5 euros per liter....

1699. Interior Minister says barbed wire plan 'impractical and politically risky'

In a recent statement, Interior Minister Constantinos Ioannou deemed the idea of placing barbed wire along the Green Line to handle migrant flows as practically impossible and politically dangerous. ...

1700. 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....

1701. Southern Europe shines as affordable summer haven

In an analysis by Allianz Research, holidays in southern European countries retain their cost advantage over other "competitive" summer destinations worldwide, despite rising expenses. ...

1702. 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....

1703. Retail trade soars by 8.4% in June

Retail trade turnover increased by 8.4% in value and 6.4% in volume in June 2023 compared to the corresponding month of 2022, according to data presented by the Statistical Service on Tuesday....

1704. Fuel prices on the rise in Cyprus

The prices of fuel in Cyprus are continuously increasing, putting a financial burden on many Cypriot citizens. Last week, the Representative of the Pan-Cyprian Consumer Association, Marios Drousiotis, estimated that there will be another increase of 2-3 cents in prices within days....

1705. 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....

1706. Heatwave with showers and thunderstorms

1707. Government achieves €155.5M surplus in 2023

Cyprus government's surplus for the first half of 2023 increased to €155.5 million, equivalent to 0.5% of GDP, compared to a deficit of €92.4 million (-0.3% of GDP) for the period of January-June 2022, based on preliminary fiscal results from the Statistical Service of Cyprus. ...

1708. Vafeades announces affordable bus service from GSP stadium in a month

Transport Minister Alexis Vafeades addressed the traffic problem, stating that the solution does not lie in building more roads, but rather in reducing the number of cars on the existing roads....

1709. Tourism revenue up by over 40%

A significant increase of 40.7% on an annual basis was recorded in tourism revenue, based on the results of the Traveler Survey of the Cyprus Statistical Service....

1710. Patients endure extended waits for beds amidst shortage

An elderly patient who suffered a stroke had to endure a grueling wait for a hospital bed at Pafos General Hospital's Intensive Care Unit (ICU) on Saturday, 22nd July....