Search

1291. Tourism revenue at €45.6 million in January

Revenue from tourism amounted to €45.6 million in January 2023, significantly surpassing the revenue from tourism in January last year, as well as in January 2019, a record year for Cypriot tourism....

1292. Young mother dies in brutal road accident

A young mother was killed in a road accident on Monday when her vehicle collided head on with a public bus, while her toddler survived the crash and was said to be in stable condition...

1293. Cyprus to surpass 1 million people while EU population to decrease by 6% by 2100

According to the latest population projections issued by Eurostat, the statistical service of the EU, the population of the bloc will decrease by 6% between 1 January 2022 and 1 January 2100, equivalent to 27.3 million fewer people. The population of Cyprus on the other hand is expected to pass 1 million by 2100....

1294. Cyprus' hourly labor costs below EU average at 19.4 euros

The average hourly labor costs in Cyprus increased from €18 in 2021 to €19.4 in 2022, according to Eurostat. Hourly labor costs were the lowest in the EU in Bulgaria (€8.2) and Romania (€9.5), and highest in Luxembourg (€50.7), Denmark (€46.8) and Belgium (€43.5). ...

1295. Completion of Project Starlight

1296. Ministry of Labor building may not be structurally sound

The House of Representatives Internal Affairs Committee sounded the alarm on Cyprus and Public Services' degree of preparedness in the event of strong seismic activity following a meeting on March 16. ...

1297. Bank deposits increase by €357.1 million in February

Total deposits in February 2023 recorded a net increase of €357.1 million, compared with a net decrease of €583,8 million in January 2023....

1298. Keravnos urges banks to restructure loans and keep rates low

Cyprus Finance Minister Makis Keravnos has urged banks to restructure loans, maintain low lending rates and bank charges, and increase deposit rates in light of continued basic rate hikes by Central Banks. He warned that otherwise the government "would make different thoughts."...

1299. Saudi National Bank president resigns

The chairman of Saudi National Bank, which was the main shareholder of Credit Suisse before its takeover earlier this month, has resigned, according to a statement published on the Saudi stock exchange....

1300. More third country nationals repatriated last Friday

A total of 67 third-country nationals, who resided illegally in Cyprus, were repatriated on Friday, during two operations, the Police announced....

1301. Hellish hooligan mayhem prompts new debate

A new hellish mayhem took place at a basketball game on Sunday in Nicosia, with hooligans turning the arena into a battlefield and police rejecting criticism and pointing the finger at a serious social problem...

1302. Americans traveling to Europe for cheaper Beyonce tickets

American fans are booking trips to Europe to go see Beyonce, as the price of tickets to attend her performance is exponentially higher in the United States....

1303. Asylum applications up by 490% since 2016

Interior Minister Constantinos Ioannou told MPs on Thursday that the number of applications for international protection increased by 490% since 2016, pointing out the need to implement an EU action plan for the Eastern Mediterranean with a view to reducing migratory flows....

1304. Sir Stelios awards 10 bi-communal teams once again

Sir Stelios Haji-Ioannou, founder and president of the Stelios Philanthropic Foundation, awarded 10 bi-communal teams, consisting of 10 Greek Cypriot and 10 Turkish Cypriot business people, who stood out in the “Stelios Bi-Communal Awards for Business Co-operation 2023”....

1305. Sense of calm prevails in the Aegean

The improvement of relations between Greece and Turkey and the sharp decrease in tensions is not only at the diplomatic level but also, and almost in tandem, with the operational situation on the ground...

1306. One in two Cypriots considers it easy to start a business

Approximately one in two Cypriots considers it easy to start a business in Cyprus, according to the Global Entrepreneurship Monitor (GEM) Cyprus Report 2021/2022...

1307. Travel between US and Europe increased by 87% in February 2023

The recent data released from the International Trade Administration (ITA) has revealed that international air travel to and from the United States and Europe saw an increase of 87.1 percent in February 2023,...

1308. 1 billion euros from the EU for Turkey's reconstruction

Ursula von der Leyen, President of the European Commission, and Ulf Kristerson, Prime Minister of Sweden, who holds the EU Council presidency, are hosting a donors' conference in Brussels today to raise funds and coordinate aid to those affected by the earthquakes in Turkey and Syria....

1309. Saturday's blackout caused by increase in renewable energy usage

Sotos Savva, president of the Association of Scientific Power Generation AHK (SEPAIK), linked problems caused by the increased use of renewable energy sources, particularly the majority of photovoltaic panels, to Saturday's 15-minute power outage across Cyprus....

1310. UBS steps in to buy rival Credit Suisse

Some of the world's largest central banks came together on Sunday to stop a banking crisis from spreading as Swiss authorities persuaded UBS Group AG to buy rival Credit Suisse Group AG in a historic deal...

1311. Macron under pressure as pension protests turn violent

French President Emmanuel Macron on Friday faced the gravest challenge to his authority since the so-called Yellow Vest protests after his decision to push through a contested pension overhaul without a vote prompted violent unrest overnight....

1312. Job vacancies declined by 18.9% to a total of 7,821

The number of job vacancies in the 4th quarter of 2022 decreased by 1,822 (-18.9%) compared to the same quarter of the previous year when the number was 9,643....

1313. Exciting new park set to enhance quality of life in Larnaca (photos)

Larnaca, one of the most charming cities in Cyprus, is set to undergo a major transformation in the coming years. Ten ambitious projects with a total value of €40 million are planned for the city center,...

1314. Death toll from flu cases at 14, including an 8 year old girl

Fourteen people have died from Influenza in Cyprus this winter, among them an 8-year-old girl, who passed away at the Limassol General Hospital, after being treated in the Intensive Care Unit....

1315. 1,300 loan applications submitted for Oikia scheme

Applications for 1,318 potentially eligible loans involving a total amount of €131.1 million were submitted under the Oikia scheme, which is a loan management plan with government funds granted under Government Housing Plans....

1316. Petrol stations open their doors to electric mobility

Petrolina Holdings Public announced last month the installation of the first state-of-the-art electric vehicle rapid charging charger at its petrol station in Larnaca's GSZ district....

1317. Deportation scheme agreed upon by EU interior ministers in secret

A report published by Statewatch and Heinrich Böll Stiftung has revealed that the European interior ministers signed a secret joint statement last year that committed EU/Schengen Area countries to increase financial as well as material support for deportations from the Balkans....

1318. Cyprus inmates score 4th and 6th place in international art competition

Inmates in Cyprus Prisons took part with 10 paintings in the 6th International Art Competition "Art and Prison" organized in Berlin. Two paintings got 4th and 6th place while others got distinctions among the first 100 rankings....

1319. Strikes in Greece causing flight cancellations in Cyprus

Greek air traffic controllers are on strike for 24 hours, causing all flights to and from Greek airports to be canceled on Wednesday. The Greek Air Traffic Controllers' Union is organizing the strike, which began at midnight today and will end at midnight on Thursday....

1320. Cyprus becomes repatriation hub for EU

On Wednesday, the Cyprus Police announced that a joint forced return operation, coordinated by FRONTEX, had successfully repatriated 23 third-country nationals who were illegally in Cyprus on Tuesday night....