Search

151. 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....

152. Heatwave with showers and thunderstorms

153. ACI world's top 10 European airports that never sleep

Airports Council International (ACI World) has published the latest World Airport Traffic Dataset, revealing the top European airports that have experienced the most traffic out of 2,600 airports across more than 180 countries....

154. Cyprus on high alert at 42°C

The Meteorological Service of Cyprus has issued a warning for an impending heatwave, with temperatures soaring up to 42 degrees Celsius on Friday....

155. Where Cyprus stands in EU minimum wage

The minimum wage in Cyprus is slightly lower than 1,000 euro per month since the country became the 22nd out of 27 EU member states to have instituted a national minimum wage on January 1st, 2023, according to data released by Eurostat, the statistical service of the EU, about the situation as it stood on July 1st....

156. Armed forces' drones to monitor fires in Greece

A modern "tool" with impressive surveillance capabilities is available to the Unified Coordination Center of Operations and Crisis Management of the Civil Protection in the "battle" against wildfires....

157. NPL crisis highlights tug of war between borrowers and legislation

The concealment, or "camouflage," of non-performing loans (NPLs) in commercial banks before 2013 and their subsequent explosion have been, and may continue to be, the most significant challenge for the Cypriot economy. ...

158. Extreme heat warning issued by Met Service

The Meteorology Department has recently released a new warning for extreme heat, alerting citizens to brace themselves for scorching temperatures....

159. Expect 41°C in inland areas

The Meteorology Department has issued a yellow warning for exceptionally high temperatures, in effect since yesterday at 9:00 PM and lasting until 6:00 PM today....

160. Cyprus-Argentina relations strengthened at CELAC

Cyprus President Nikos Christodoulides met with Argentine President Alberto Fernández during the second day of the EU-CELAC Summit in Brussels on Tuesday. The meeting focused on two key topics: the forthcoming opening of a Cypriot embassy in Buenos Aires and the celebration of Argentina's 60th anniversary of participation in UNFICYP....

161. National Guard and British Armed Forces collaborate in special operations exercise

The small-scale special operations exercise TAMS "ZEUS - 2023" took place from July 4 to 6, with the participation of the National Guard and the British Armed Forces....

162. Temperatures soar to 40°C

A scorching heatwave has descended upon the region, bringing sweltering temperatures and dry conditions....

163. Over one-third of Turkish fruit and vegetable imports to EU violate safety standards

According to the Association of Greek Fruit, Vegetable, and Juice Exporters and Traders (INCOFRUIT-HELLAS), over one-third (35.3%) of fruit and vegetable shipments imported from Turkey to the European Union (EU) were found to contain excessive pesticide levels, as reported by the Rapid Alert System for Food and Feed (RASFF)....

164. Heatwave 'Kleon' set to sear Cyprus and Greece

By the end of the week, the heatwave named "Kleon" will reach Cyprus, which will begin to affect Greece from Wednesday (12/07), bringing extremely high temperatures....

165. Cyprus gov't to pay €345,000 to Turkish Cypriot for illegal use of property

The big news: "Compensation of €345,000 will be paid to a T/C of American origin by the Republic of Cyprus, while also returning his property in Limassol, which was being used illegally....

166. EU Commission proposes digital euro as cash alternative

Digital currencies have grown in popularity. Unlike bitcoin, the digital euro would be a central bank digital currency (CBDC), essentially, electronic cash. ...

167. Building land for sale by AstroBank

168. 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....

169. Cyprus joins campaign to boost seafarer recruitment

To mark the 'Day of the Seafarer' on June 25, the International Chamber of Shipping (ICS) partnered with its Members, including the Cyprus Shipping Chamber, to launch a Seafarers Recruitment Campaign Film titled 'An Adventurous Spirit' ...

170. Clear skies, moderate winds and above-average temperatures

Today's weather will be predominantly clear, although there may be some localized low clouds initially. Winds will be coming from the southwest to northwest, ...

171. Vienna retains top spot as most pleasant city to live in

Vienna maintains its position as the most pleasant city to live in, according to the annual rankings released by the Economist Intelligence Unit....

172. Cyprus road deaths down 18% last year

There were 20,678 deaths on EU roads in 2022, a collective increase of 4% compared to 2021, according to the 17th Annual Road Safety Performance Index (PIN Report), released Tuesday, by the European Transport Safety Council (ETSC). Out of the 32 countries monitored by the PIN programme, only 13 registered a decrease in road deaths in 2022, compared to 2021. Slovenia was ranked first with a 25% reduction, followed by Latvia with 23% and Lithuania and Cyprus with 18%...

173. Weather update: Showers, clouds, and rising temperatures

Showers were observed in multiple areas of the island today (19/06). The Cyprus Meteorological Service has reported that the region is experiencing the influence of weak low pressure, leading to an afternoon characterized by partly cloudy to mostly cloudy conditions,...

174. Innovative payabl. POS Card Terminals make omnichannel payments simple and easy

Get ready to embrace the future of payments with payabl. - the cutting-edge payments company that's shaking up the industry. In a game-changing move, payabl. has just launched its revolutionary point-of-sale (POS) solution for in-person payments, aimed at transforming the way retailers conduct business. The best part? This is happening right now in Cyprus....

175. Registered jobless numbers drop in May indicating declining unemployment

According to data from the Provincial Labour Offices, the number of registered unemployed individuals at the end of May 2023 decreased to 10,357 persons, marking a decline compared to both the previous month and May of the previous year....

176. Climate change and increased wildfires

The occurrence of the first wildfires just before we officially enter the summer period can be perceived as a warning of the danger that Cyprus faces in experiencing extreme environmental destruction from fires in the coming period....

177. Drones revolutionize Russia-Ukraine conflict

The war between Russia and Ukraine is witnessing an increasing use of drones alongside conventional weapons....

178. California: Electricity bills based on your paycheck

Most of the time, what you pay for electricity or water or gas depends on how much you use. Leave the air conditioner and the lights on all night, and your electricity bill will spike. Take long, relaxing bubble baths every day, and your water bill will climb....

179. Unsettled conditions and elevated dust levels persist

The prevailing unstable weather conditions in Cyprus show no signs of subsiding, according to Kleanthis Nicolaides, the Director of the Meteorological Service, in an interview with K. ...

180. Luxury villas for sale by AstroBank