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1021. Central banks across Europe jack up interest rates to fight inflation

Central banks across Europe raised interest rates on Thursday, some by amounts that shocked markets, and hinted at even higher borrowing costs to come to tame soaring inflation that is eroding savings and squeezing corporate profits....

1022. 'EuroAsia Interconnector will help free EU from energy dependence'

Tapping into Israel’s vast renewable sources of energy will help reduce the EU’s dependence on Russia, European Commission President Ursula von der Leyen said during her visit to Israel, highlighting the importance of Cyprus and Greece in securing energy supply....

1023. Cyprus tourist arrivals reach 80% of 2019 numbers

Tourist arrivals in Cyprus during the period January-April 2022 have reached 80% of the numbers recorded in 2019, which was a record year for Cyprus tourism, the Deputy Minister of Tourism, Savvas Perdios, has said....

1024. Immigrant arrivals will more than double in 2022

The official data on illegal arrivals in territories controlled by the Republic of Cyprus are alarming. For the first half of 2022, the number of asylum seekers has skyrocketed, compared to 2021, with the current year looking to break a decade's old record....

1025. Tatar alleges Greek Cypriot links to terrorism

Turkish Cypriot leader Ersin Tatar had some harsh words for his compatriots in the south this week, saying Turkey’s concerns over NATO candidate Sweden’s PKK links also had basis in the south and called on Greek Cypriots to reevaluate their 'cooperation with terrorist organizations'...

1026. Global IPO market experiences significant slowdown in Q1 2022

1027. Government to grant one-time subsidy for children's tuition

During last week's cabinet meeting, the council of Ministers decided to impose measures to help mitigate inflationary pressures on the general population. ...

1028. Glamping is on the rise, and hostels are coming soon

In January 2020, Airbnb's were officially allowed to operate in Cyprus, giving tourists an alternate mode of accommodation on the island in addition to hotels and hotel apartments....

1029. First time asylum seekers in EU increase by 85% in February

In February 2022, first-time asylum applications by persons who applied for international protection in EU member states increased by 85% compared to February 2021 and by 3% compared to last January, according to the latest monthly asylum data published by Eurostat, the EU’s statistical service....

1030. An increase of 50% in subsidies for roof thermal insulation and photovoltaic systems

With a budget increased by 40%, and a potential to increase even further and with increased grants by 50%, the Grant Scheme for thermal insulation on roofs and installation of photovoltaic systems in houses was announced by the Ministry of Energy, Commerce and Industry during a web conference, on Tuesday....

1031. Cyprus exports up by 55% in Jan-Feb 2022

Total exports of goods to the EU Member States and to third countries in January - February 2022 increased by 55.2%, compared to the same period last year, according to the monthly report published by the Statistical Service of Cyprus. ...

1032. Cypriot former FM announces 'non-combative' 2023 run

Cypriot former foreign minister Nikos Christodoulides announced Thursday his non-partisan candidacy for president, with the career diplomat deviating from political norms and promising an all-inclusive, non-combative race...

1033. A total of €438,000 worth of bounced checks were recorded for the month of April

A total of €438,000 worth of bounced checks were recorded for the month of April, according to data announced by the CBC on Wednesday....

1034. Trade deficit at €429 million in February and €729 million in March

The trade deficit in February amounted to €429 million, according to the final data on the month's trade published by the Statistical Service on Tuesday. Additionally, preliminary data from the Statistical Service show that the trade deficit for March 2022 reached €729 million....

1035. When will Nikos Christodoulides announce his presidential candidacy?

Former Foreign Minister Nikos Christodoulides is expected to announce his candidacy in the coming days as an independent candidate. Preparations have been underway for some time and anticipation is growing as to his campaign platform and who his appointed advisors will be....

1036. More flights and more destinations from Larnaca and Paphos this summer

Hermes Airports unveiled its Summer 2022 flight schedule to/from Larnaca and Pafos airports marking the return of various connections to and from Cyprus....

1037. 'A historic day': British bases lifts restrictions on civilian property development

Eight years after the signing of a bilateral Arrangement between Cyprus and the UK, the SBA is today lifting restrictions on property development on 200 square kilometers of non-military areas within the bases....

1038. WHO: Covid led to 15 million deaths globally, not the 5 million reported

Almost three times as many people have died as a result of Covid-19 as official data show, according to a new World Health Organization (WHO) report, the most comprehensive look at the true global toll of the pandemic so far....

1039. Lower interest rates on deposits and consumer loans

A decrease in interest rates on deposits and consumer loans and a marginal increase in the interest rates on mortgages can be seen in the data published on Thursday by the Central Bank of Cyprus for March 2022....

1040. Cyprus' RCB Bank and its Kremlin ties

On March 24, Cyprus’s fourth-largest bank announced it would wind down its banking operations in the wake of the “volatile geopolitical situation” caused by Russia’s invasion of Ukraine a month earlier....

1041. How Marcos could control hunt for his family's wealth as Philippines president

If Ferdinand Marcos Jr. triumphs in the upcoming Philippines presidential election, he will wield broad powers over government agencies seeking to recover as much as $10 billion plundered by his namesake father during his autocratic rule....

1042. At least five Russian businessmen have died by apparent suicide in just three months

At least five prominent Russian businessmen have reportedly died by suicide since late January, with three of them allegedly killing members of their families before taking their own lives....

1043. Erdogan critic in Cyprus sentenced by Turkish court

Turkish Cypriot journalist Sener Levent says he does not recognize a sentence handed down by a court in Turkey, where prosecutors accused him in absentia of insulting the country’s president with an offensive cartoon as well as offending the state’s military...

1044. SBA land run rules in foreign investors

More opportunities and fewer restrictions for land development on SBA land went into effect on Monday in Cyprus, where foreign nationals will be allowed to invest along with locals who now have to review details and move quickly with any possible objections...

1045. Russia to offer consular services in the north

Russians living in the northern part of divided Cyprus will soon be able to receive consular services, with Greek Cypriot media reporting that the development had been kept quiet for about a year...

1046. Increase of property supply leads to decline of housing prices

The increase in the property supply has contributed to a decline in prices in Cyprus in recent months, according to the latest figures reported by the Statistical Service of Cyprus (CyStat) this week....

1047. Inflation hits historic high in Cyprus reaching 7.1% in March

Inflation in Cyprus soared to 7.1% in March 2022, continuing its upward trend for the twelfth consecutive month....

1048. UN official gets ‘donkeyed’ Cyprus-style

UN official Colin Stewart was amused over two gag gifts he received at a bicommunal gathering in north Nicosia, with one elder of the group presenting him with a donkey ornament to remind him he would 'need a lot of patience' on the island...

1049. Alleged child killer given more time to prepare defense

Α 33-year-old woman charged with intentionally killing her 9-year-old daughter was on Thursday given until Monday to prepare her defense....

1050. Eurostat: 11% of Cypriot residents are citizens of other EU countries

The percentage of residents that are citizens of other countries living in Cyprus, both from EU member states and non-EU countries, is higher than 10%, ...