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721. BOC reports €220 million profit for first half of 2023

Bank of Cyprus Group has reported a robust profit after tax of €220 million for the first half of 2023, a significant leap from the €43 million recorded in the same period of 2022. Notably, €125 million of these profits were achieved in the second quarter of 2023....

722. 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....

723. 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....

724. Greek PM honors Cyprus' heroes

On October 11th and 12th, the first intergovernmental meeting between Cyprus and Greece was held in Greece. President Nikos Christodoulides and Prime Minister Kyriakos Mitsotakis announced this after concluding their meeting at the Presidential Palace....

725. Lawsuit threatens €284.5M PDO halloumi industry

Shortly before the completion of a year (July 22, 2022) since the agreement between the Ministry of Agriculture, producers, cheesemakers, and KEVE, and the implementation of the terms of the European Regulation in the halloumi production chain, it seems that Cyprus' protected cheese is facing new challenges....

726. Rapid expansion for Cyprus Airways

Cyprus Airways in the first half of 2023 carried a total of 260,000 passengers marking a steep increase of 300% year on year, while it doubled its operations compared with June of last year....

727. EuroAsia Interconnector secures record-breaking contract

Paris-based Nexans will undertake the construction and installation of the High Voltage Direct Current (HVDC) Cable Systems, marking a significant milestone in the EuroAsia Interconnector project. ...

728. CMP secures funding for vital operations

The Committee on Missing Persons in Cyprus (CMP) said Tuesday that its funding and its operations are not under threat....

729. Cyprus tourism soars by 22 percent in June

In a significant boost to Cyprus' tourism sector, the country experienced a surge of 22.7% in tourist arrivals during June 2023, compared to the same month the previous year. The Statistical Service of Cyprus released the latest data, revealing that a total of 456,985 visitors flocked to the island in June, surpassing the 372,324 arrivals recorded in June 2022....

730. Shanghai students do it Greek style

In the age of digital society and social media, a viral TikTok video has the power to transform lives and introduce an unexpected culture to the world. ...

731. Turkish invasion 1974, Cyprus remembers

Sirens will once again ring out across all cities this year, as part of the commemorative events marking the somber anniversaries of the coup attempt and the Turkish invasion....

732. France showcases strength and diplomacy on Bastille Day

France celebrates its fête nationale every year with fireworks, concerts, and an extravagant military parade down the Champs-Élysées in the presence of the president, a bevy of politicians, and often a foreign head of state as an honored guest....

733. Applications open for 'Rent in Exchange' program

"The submission of applications for the 'Rent in Exchange for Installment' program will begin in October," said Ioanna Markidou, Chief Economist A' at the Ministry of Finance, in a statement to CNA....

734. Cyprus counts down to Moon Day

As humanity prepares to return to the moon, with the first woman to step on its surface, in just a few years from now, we celebrate this magical celestial body on the 20th of July, a day that was declared by the UN as the International Moon Day. ...

735. More asylum seekers relocated to France

On July 12, 2023, another group of asylum seekers, totaling 51 individuals, was voluntarily relocated from the Republic of Cyprus to France. The relocation was carried out through the collaborative efforts of the Ministry of Interior, ...

736. 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....

737. Cyprus shines as EU's strong innovator for second consecutive year

Cyprus is once more placed among the EU's strong innovators for a second year in a row, according to the annual EU innovation scoreboard, marking a significantly faster performance than the EU average....

738. Cyprus-US partnership deepens with strategic collaborations

President Nikos Christodoulides delivered a stirring address at the reception hosted by the US Ambassador, marking the Independence Day of the United States and emphasizing the deepening partnership between Cyprus and the United States. ...

739. Cyprus house prices on the rise, HPI increases 5.9%

House Price Index (HPI) recorded a 5.9% increase for the first quarter of 2023, marking its fifth consecutive quarterly growth compared to the same period in 2022, according to a preliminary estimate by the Statistical Service of Cyprus....

740. Electric vehicle transforms into flying car

The US approved this electric vehicle from Alef Aeronautics for test flights...

741. 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....

742. Dolly Parton expresses reservations about AI

Dolly Parton isn’t interested in living on artificial intelligence. The “Jolene” singer was asked about AI technology during a press conference in London where she appeared to promote her upcoming album “Rockstar.”...

743. Profit distribution for players in classes A and B increased by 22%

Total gross revenue (pay-in) from class A and class B bookmakers amounted to 267.6 million in the first quarter of 2023 marking an increase of 21% compared with the respective quarter of last year, National Betting Authority (NBA) has said....

744. Interest rate increases boost Cypriot banks' 2022 profits to €177 million

Bank of Cyprus and Hellenic Bank generated a combined profit of €164.7 Million in Q1 2023, Driven by interest rate increases....

745. Ministry launches summer public schools program

The Ministry of Education, Sports, and Youth (MESY) has officially announced the commencement of the "Summer Public Schools (SPS) Programme" today, marking the beginning of a five-week initiative that will run until July 28, 2023. ...

746. 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....

747. Cyprus banks to double net interest income in Q1 2023

Net Interest Income (NII) for the Cypriot banking sector nearly doubled in the first quarter of 2023, driven by the ECB’s rising interest rates in a bid to contain inflation....

748. Festival of Dreams: a unique celebration dedicated to 75 years of excellence of Porsche iconic sportscars

749. Dubrovnik sees surge in tourism with 32% increase in arrivals

The mayor of Dubrovnik, Mato Frankovic, has made the decision to ban wheeled suitcases due to the noise they generate on the city streets. ...

750. Almost 108,000 drivers exceed speed limits

Since the official implementation of the photo certification system on January 1, 2022, a staggering total of 132,982 out-of-court complaints have been filed....