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961. In a historic first, asylum applications drop by 51%

Interior Minister Konstantinos Ioannou announced today that, for the first time in Cyprus' immigrant history, there has been a shift in the balance between migrant arrivals and departures....

962. Consulco: London Credit Fund’s new investment opportunity secured against UK commercial properties

The London Credit Fund New Compartment offers even higher returns to investors....

963. Tourism prospects in Cyprus under threat after attacks on Arab tourists

Two months ago, a group from the Deputy Ministry of Tourism, led by the Deputy Minister, visited the United Arab Emirates....

964. Unemployment drops in August 2023

The number of registered unemployed persons decreased in August 2023, both on an annual and monthly basis, according to data released on Tuesday by the Statistical Service of Cyprus....

965. European law puts online platforms at risk of fines and sanctions

Major online platforms risk fines and sanctions if they violate the new European law on digital services that came into force end of August and which, inter alia, makes online platforms legally responsible for the content posted on them....

966. Cyprus Apartment Showdown: Nicosia vs. Limassol

In our previous report, we delved into a comparative analysis of apartment sales in the Paphos, Larnaca, and Famagusta districts for 2022 and the first 7.5 months of 2023. Today, we shift our focus to the Nicosia and Limassol provinces, two significant players in the local real estate market....

967. Sklavenitis and Papantoniou hypermarkets to merge

The news about Sklavenitis' plan to boost its presence in the Cypriot market appears to be confirmed. It seems that the company is currently talking with Papantoniou supermarket about a potential merger....

968. Tourism revenue soars to just over €1 billion in first half of 2023

Tourism revenue in Cyprus has seen a remarkable surge in the first half of this year. The latest data from the Statistical Service of Cyprus (Cystat) reveals that revenue from tourism amounted to a staggering €1.09 billion. ...

969. Paphos wraps up summer with incredible September events!

In lovely Paphos, the summer vibe continues well into September with some fantastic events....

970. Average student spending at €250 as back-to-school shopping begins

A few days before schools reopen (September 7 for secondary and high schools, and September 11 for primary schools), chaos is ensuing in bookstores, stationery shops, and stores selling school attire and sports shoes. Subtitle: ""...

971. Larnaca anticipates over 400,000 tourists this season

Mayor Andreas Vyras is optimistic about the numbers for the tourism season in Larnaca, expecting it to be over 400,000 visitors visiting the province alone....

972. Hellenic Bank reports impressive profit surge of €160.2 million

Hellenic Bank had a really good financial run in the first half of 2023. They made a profit of €160.2 million, which is a huge jump of 203% compared to last year at the same time....

973. ''Apollo 13'' the flick that fueled Netflix's creation

In 1997, Reed Hastings experienced something familiar to '90s folks. He rented a video tape but forgot to return it, resulting in a $40 charge from the video club. ...

974. Tourist arrivals and revenue soar

An increase in both tourist arrivals and tourism revenue has been recorded in Cyprus this year, said Deputy Minister of Tourism, Kostas Koumis....

975. AI's evolution highlighted at Digital Agenda

Artificial Intelligence (AI), the technological advancement that now impacts every aspect of human daily life, is a major theme at this year's Digital Agenda conference. ...

976. China's $10 trillion hidden debt

For some time now, markets have been buffeted almost on a daily basis by gloomy economic news filtering out of China....

977. Food costs soar, greens up 25.3%, fish dip by 15%

Increases were noted in 32 out of 45 categories of essential consumer products in the Consumer Product Price Monitor for July 2023, according to the Consumer Protection Service....

978. What's new in Germany's citizenship law?

The German government has introduced a new citizenship law, proposed by Interior Minister Nancy Faeser, aiming to streamline the process of acquiring dual citizenship and obtaining naturalization for non-EU citizens....

979. Brexit: 7,000 finance Jobs moved overseas

Dublin, Frankfurt and Paris are vying for a share of the financial services markets once dominated by London....

980. Eurobank secures full control of Hellenic with Pimco share acquisition

Eurobank has successfully acquired all shares of Pimco in Hellenic Bank for €167.9 million, equivalent to €2.35 per share, solidifying its position as the predominant shareholder....

981. KEPA's free workshops to lead the way

In an era dominated by digital advancements, the Center for Productivity (KEPA), in collaboration with the Ministry of Labor and Social Insurance and the Deputy Ministry of Research, Innovation, and Digital Policy, is set to launch an array of free training programs aimed at enhancing digital skills across all age groups....

982. Stolen luxury watches valued over $1.3 billion

Luxury watches valued at over $1.3 billion have been reported as stolen or lost, and their number is rising due to increased resale prices in the secondary market....

983. City of Dreams Mediterranean partners with Cablenet

984. EuroAsia interconnector seeks alternative funding

The developer of the EuroAsia Interconnector is seeking alternative funding avenues to construct Cyprus' electricity interconnection with the European Union, following the European Investment Bank's rejection of a loan request. ...

985. Fattal Group acquires Grand Resort Hotel

The Israeli hospitality conglomerate, Fattal Hotel Group, is continuing its expansion in Cyprus by acquiring the five-star GrandResort hotel in Limassol, according to an announcement by Invest Cyprus. ...

986. Hotel bookings hit 95% in August, says PASYXE president

President of Cyprus Hotels Association (PASYXE) Thanos Michaelides has told CNA that the current tourist period is on a good track, however, the season must be over in order to assess the situation....

987. Sweden shines as Europe's top eco-friendly destination

Sweden is Europe’s most sustainable travel destination, the new Sustainable Travel Index for 2023 by Euromonitor International has shown....

988. Nearly 7,000 property purchase permits granted in 2.5 years

In the span from January 2021 to August 2023, approximately 6,958 foreigners were given the authorization to acquire real estate within the occupied territories, as reported by ''official'' data, according to a Yeni Dusen report....

989. Strategic release of 7,000 tons of barley

The release of up to 7,000 tons of barley, an amount equivalent to 30% of the strategic reserves, was decided by the Grain Advisory Committee, which convened at the Ministry of Agriculture on Thursday....

990. Cyprus faces deceleration amid inflation and rising rates

Cyprus' economy experienced a slowdown in the second quarter of 2023, prompting inquiries about the situation. According to the preliminary estimate provided by the Statistical Service, ...