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1171. Tourist arrivals soar as May 2023 records impressive 33.3% surge

The arrivals of tourists reached 420,076 in May 2023 compared to 315,018 in May 2022, recording an increase of 33.3%, according to data published by the Cyprus Statistical Service on Tuesday....

1172. 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%...

1173. 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....

1174. Preserving Cyprus' cultural heritage for future generations

The Technical Committee on Cultural Heritage (TCCH) has completed the conservation works at the church of Agios Georgios and the church of Panagia Agia Napa both in the Turkish-occupied Famagusta area, the European Union (EU) and the United Nations Development Programme (UNDP) said on Friday. ...

1175. Temporary VAT reduction on essentials estimated at €14.5 million

In the upcoming days, most likely early next week, a clearer picture is expected to emerge regarding the government's course of action on the reduced Value Added Tax (VAT) rate for fuel and electricity....

1176. Cablenet: The Fastest Growing Mobile Network

1177. Hourly labor costs in Cyprus rise by 5% in Q1 2023

According to provisional data released by the Statistical Service on Friday, hourly labor costs in Cyprus saw a 5% increase in the first quarter of 2023 compared to the same period the previous year....

1178. Unveiling Europe's hidden gems for 2023: 10 affordable and underrated destinations

Step off the overcrowded destinations that one can find all year and opt instead for unique destinations that have it all; beauty, serenity and, in most cases, more affordable prices....

1179. Mexican Mayor forced into protective custody

The mayor of the violent border city Tijuana in northern Mexico, Montserrat Caballero, has moved into military barracks for her safety after she received threats, the president said on Tuesday....

1180. US citizens exit Portugal as demand for 'golden visas' plummet 37%

Following the abolishment of the Golden Visa scheme of Portugal some expatriates are leaving the country, based on the report of Bloomberg....

1181. Cyprus struggles with renewable energy and storage gap

Only 15% of Cyprus' total energy production comes from Renewable Energy Sources (RES), highlighting the country's significant lag in this sector....

1182. Backlash over Cyprus' VAT refund change

The recent decision made by the Department of Customs to raise the expenditure limit for VAT refunds to third-country travelers visiting Cyprus is receiving criticism for its adverse effects on tourism expenditure....

1183. Cyprus launches €60 million project for bus stops

According to a report on Philenews, Cyprus is poised to witness a groundbreaking transformation in its public transportation system through an ambitious project aimed at upgrading bus stops across the island....

1184. Burisma owner may have Bidens on tape

Shocking revelations in Washington suggest the owner of Burisma, a Ukrainian energy company registered in Cyprus, said he had secretly recorded phone conservations with Joe Biden as 'insurance policy' while accusations continue to build up against the FBI for redacting crucial information from a document alleging bribery and corruption...

1185. Christodoulides' pledge to safeguard Cyprus' reputation

President of the Republic Nikos Christodoulides has stressed that the government will not allow a very small minority of people in the country to tarnish Cyprus' reputation, which was built after many years of effort....

1186. Nicosia real estate market surges, indicating recovery

Nicosia, the capital city, has broken free from a six-month period of stagnation, exhibiting promising signs of recovery....

1187. Almost 130,000 out-of-court fines imposed on road safety

In a recent interview with Chief Sergeant Tasos Asiikkis of the Traffic Department at the Police Headquarters, some astonishing numbers regarding the implementation of photo-recording cameras have come to light....

1188. Cyprus banking sector maintains stable solvency ratio

The overall solvency ratio of the Cyprus banking sector stood at 21.2% at the end of December 2022, the same as September 2022, according to data published by the Central Bank of Cyprus on Wednesday....

1189. €1 million to boost Turkish Cypriot cheese exports

The European Commission's EU-funded assistance program aimed at eradicating zoonotic diseases (those that jump from animal to human) in dairy animals in areas not under the effective control of the Government of the Republic of Cyprus was officially launched today....

1190. Declining new loans in Cyprus signals economic shifts

In April 2023, Cyprus experienced a notable decline in new lending, as reported by the Central Bank of Cyprus. ...

1191. France: Children wounded in playground stabbing attack

Several small children were injured Thursday morning when a knife-wielding man attacked them in a playground in a park in the French Alpine town of Annecy....

1192. Parliament approves reduced VAT rate on first homes

The plenary session of the Cyprus Parliament passed on Thursday almost unanimously a law allowing for the imposition of a reduced VAT rate of 5% on the first 130 sqm of a primary residence, including both houses and apartments...

1193. Finance minister warns of VAT consequences

With the deadlines long expired and the saga of amending the Value Added Tax Law to apply the reduced rate of 5% to specific residential square meters dragging on, Finance Minister Makis Keravnos sounds the alarm, emphasizing the palpable risk of Cyprus being taken to the European Court and fined....

1194. Cyprus's slow ride on the electric car bandwagon

We are slowly rushing towards zero-emission transportation. The data from new vehicle registrations indicate that while the numbers are increasing, the percentage of electric cars on Cypriot roads remains limited....

1195. 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....

1196. 380 CYTA employees on the brink of departure

In an effort to further reduce operational expenses and renew its workforce, Cyta has implemented another voluntary employee exit plan, targeting individuals who meet specific conditions....

1197. April records a decrease in loan volumes

The Central Bank of Cyprus announced in a press release on Tuesday that total new loans decreased to €473.9 million in April 2023, compared to €922.5 million in the previous month....

1198. Cops probe gang assault on food delivery drivers

Six suspects including minors have been arrested in Limassol after a food delivery driver was robbed and later attacked by unknown assailants as he was trying with friends to retrieve his stolen motorcycle at a local park...

1199. Cyprus emerges as top beneficiary of EIB support in Europe

The European Investment Bank (EIB) President, Werner Hoyer, announced that Cyprus remains the largest beneficiary of EIB support per capita in Europe....

1200. Cyprus shines with 58 medals and national records in Malta

June started off on the right foot for Cypriot athletes participating at the 19th Games of the Small States of Europe, held in Malta. At the same time, Cyprus tops the list of medals with a total of 58 medals....