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1291. Loan demand in Cyprus falls, interest rates rise

The Cypriot banking institutions are holding a small basket for demand in new loans....

1292. Union protests erupt at City of Dreams Mediterranean

Europe's first integrated resort aims to enhance the country's tourism offerings and establish itself as a major hub for business and conference tourism, as reported by Philenews....

1293. Europe's first multi-themed resort opens in Limassol

The inauguration of the City of Dreams Mediterranean in Limassol on Monday marks a significant milestone for tourism in Cyprus, introducing the continent's first multi-theme resort....

1294. Ministry of Labor to improve minimum wage policies

Cyprus currently has an outdated software system for pension fund operations. The government aims to expedite the actuarial study for the Social Insurance Fund (TKA) with the support of the International Labor Organization and the government of Austria. ...

1295. Transport Ministry to recruit EU nationals for bus driver positions

Transport Minister Alexis Vafeadis announced efforts to address the shortage of professional bus drivers in Cyprus by expediting recruitment procedures from European Union countries....

1296. Eurobank's vision: Controlling Hellenic Bank and conquering new markets

According to Bloomberg, Eurobank's deputy chief executive, managing director, and head of international operations, Stavros Ioannou, expressed the bank's desire to eventually gain full control of Hellenic Bank in Cyprus....

1297. The government's seven proposals for vulnerable individuals

Finance Minister Makis Keravnos submitted seven government actions aimed at addressing issues related to non-performing loans to Parliament yesterday....

1298. 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. ...

1299. Unemployment reaches 17-month low

Recent data, adjusted for seasonal variations, reveals that the number of registered unemployed individuals in June 2023 has hit its lowest level in the past 17 months....

1300. Gasoline and diesel prices expected to drop

Reductions of up to 3 cents are expected to be observed in the retail prices of unleaded gasoline (95 octanes) and diesel fuel in the coming days, according to the Director of Consumer Protection Service at the Ministry of Energy, Commerce, and Industry, Konstantinos Karagiorgis, as reported by the Cyprus News Agency (CNA)....

1301. Dive abort prior to Titan submersible's implosion

A former OceanGate advisor said the Titan submersible dropped its ballast and tried to ascend moments before going missing, likely meaning that the five people inside were already aborting the dive when it imploded....

1302. 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...

1303. Global leaders gather for climate summit

Creativity with a Purpose - 10 Years Orb: ORB Communications Team Rebuilds and Designs a Basketball Court, Supporting Voice for Autism and the "Be an Angel" Initiative....

1304. 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. ...

1305. 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....

1306. 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...

1307. 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. ...

1308. Cyprus struggles to reduce landfill waste, falling behind targets

Cyprus is facing significant challenges in meeting its municipal waste management and recycling targets, prompting concerns from the European Commission, according to a report on Philenews....

1309. Petrol station owners protest fuel supply from occupied territories

The Pancyprian Association of Liquid Fuel Retailers launched a protest on Wednesday at 11:00, as petrol station owners blocked the entrance of the St. Dometius barricade with their tankers....

1310. 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....

1311.  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....

1312. Halloumi takes a bite of the Big Apple

Cyprus is making its mark in the international food market as it participates in the "Fancy Food Show" in New York. The country's halloumi cheese companies are taking center stage by sponsoring two European programs, "EU Delicious" and "Cheese U," with the goal of promoting Cypriot cheese globally....

1313. German ambassador calls on players to reassess energy

Willingness to compromise on the Cyprus issue is important in order to move forward, German Ambassador to Cyprus, Anke Schlimm, says in an interview published in the Sunday edition of Politis newspaper...

1314. 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. ...

1315. Exploring authentic Cypriot products with passion and tradition

The journey of "Gastronomo" to explore and promote authentic Cypriot products continues. In March, they organized six blind tastings* over three different days, where "G" tasters sampled 62 different product labels. ...

1316. 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....

1317. Direct flights to Kazakhstan from Cyprus in 2024

Deputy Minister of Tourism Kostas Koumis has expressed the belief that in 2024 Cyprus and Kazakhstan will have a direct flight connection....

1318. 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. ...

1319. US approves sale of lab-grown chicken

The U.S. Department of Agriculture (USDA) has granted approval for the sale of cell-cultured chicken, marking a significant milestone for the cultured meat industry....

1320. Cyprus Airways Upgrades Fleet to A220, Unveiling Joint Conference with Airbus at Paris Air Show 2023