Search

91. Inflation and new markets propel spending close to €3 billion in 2023

Just before the end of last summer, economic analysts' projections for 2023 tourism revenue were nearing a record close to €3 billion. ...

92. The €623 million windfall from Cyprus' shipping industry

Kathimerini reporter Andreas Karamitas dives into the heartbeat of Cyprus' economy - the shipping industry. In a revealing exploration, discover how this vital sector pumped a staggering €623 million into the real economy solely through ship management in 2023. ...

93. Cyprus real estate market holds steady at €5.5bn in 2023

The Cypriot real estate market demonstrated remarkable resilience and flexibility during 2023 and the total value of transactions reached €5.5bn, which appears to be at the same levels as in 2022, a press release by PwC Cyprus says....

94. Cyprus economic growth soars 2.5% for 2023

Cyprus' economic growth is estimated at 2.5% in real terms in 2023. At current prices, the Gross Domestic Product (GDP) is estimated to increase by 7.1%, according to the Statistical Service of Cyprus....

95. Denied witness requests increase tension in Thanasis death inquiry

After a lengthy session yesterday, which spanned over five hours and included the examination of pathologist Dimitra Karagianni concerning the death of 26-year-old National Guard member Thanasis Nikolaou.....

96. Pillar two readiness and technology

As per our previous publications and alerts, we had the opportunity to communicate a significant development - the introduction of BEPS 2.0 Pillar Two or Global Minimum Tax. The European Union unanimously adopted a directive in December 2022 (the ''Minimum Tax Directive''). ...

97. Government official salaries surge up 17% in 5 years

Over the past half-decade, the salaries of government officials have surged by a notable 17%, shedding light on the expanding state payroll. ...

98. EU Court upholds 'Halloumi' PDO registration

In a significant legal development, the EU General Court has dismissed an appeal by Cypriot cheese makers challenging the registration of the name 'Halloumi'/'Hellim' as a Protected Designation of Origin (PDO) by the European Commission in April 2021....

99. Netherlands tops global pension charts

A recent analysis by the Mercer CFA Institute has identified European nations as leaders in global pension systems. The Netherlands secures the top spot in the rankings, with Iceland and Denmark following closely behind....

100. Banks urged to accelerate loan restructurings

The governor of the Central Bank has shed light on the strategy for restructuring Non-Performing Loans (NPLs) and navigating credit risk management....

101. The rise of the romantic AI companion

In a quest for connection, 39-year-old Derek Carrier turned to artificial intelligence to find a romantic partner. Living with Marfan syndrome, a genetic disorder making traditional dating challenging,...

102. Consumer alerts raised over potential fuel price hikes

Konstantinos Karagiorgis, Director of the Consumer Protection Service, emphasized the importance of factual justification for price increases during an interview with CNA....

103. US strikes target Iran-backed groups in Iraq and Syria after troop attack

In response to an attack that claimed the lives of three American troops in Jordan last weekend, the United States has launched strikes on Iraq and Syria....

104. Are British-American airstrikes walking into a strategic snare?

In the latest move against Houthi rebel forces in Yemen, British and American airstrikes aim to neutralize a threat to international shipping in the Red Sea....

105. Police to boost frontline presence and tackle organized crime

Amid escalating concerns about a recent surge in crime, the police have unveiled a comprehensive set of measures designed to enhance public safety and tackle underlying structural issues within the force....

106. Police intensify probes into illicit sports-related activities

In response to a meeting at the Ministry of Justice and Public Order, the police announced immediate measures to prevent and tackle organized crime and violence in sports arenas....

107. Lidl Cyprus ''Top Employer'' in Cyprus also in 2024

Lidl Cyprus is the Top Employer for the 7th consecutive year in Cyprus and Europe, according to the results of the internationally recognized independent organization Top Employer Institute....

108. Women say 'NO' to more babies despite Chinese Government urges

Amid a national emergency, China's Communist Party strives to increase birth rates with incentives like cheaper housing and tax benefits....

109. Cyprus witnesses 356 bounced cheques, yet a €1.7M surge

In a recent disclosure, the Cyprus Central Bank unveiled a decrease in the issuance of uncovered checks during 2023, reporting a total of 356 compared to the previous year's 473. ...

110. Forty percent of global jobs face disruption because of AI

Artificial intelligence (AI) is poised to reshape the global job market, potentially affecting 40% of jobs worldwide, according to the head of the International Monetary Fund (IMF), Kristalina Georgieva....

111. Persianis reveals limited cooperation with Finance Ministry

For the limited cooperation with the Ministry of Finance, for the wrong interpretation of the research with a political prism and for the fiscal risks, the President of the Fiscal Council of Cyprus......

112. Finance Ministry undergoes administration overhaul

113. 'Amalthea' initiative eludes Lyme Bay in Malta stopover

Despite initial reports that the British Royal Navy (BRN) auxiliary landing ship, ''RFA Lyme Bay,'' would sail from Cyprus to Gaza for humanitarian aid purposes - as part of the ''Amalthea'' initiative to provide humanitarian aid to the Gaza Strip via Cyprus - this was never possible....

114. India deploys warships amid rising tensions in the Red Sea region

India is intensifying its involvement in the chain of events stemming from the conflict in Gaza to Houthi attacks on merchant ships near Yemen by dispatching its warships to the Red Sea....

115. Landlords urged to be reasonable when pricing rentals

Marinos Keynegirou, the president of the Real Estate Registration Council, warns of escalating prices and dwindling demand in the real estate market's fourth quarter....

116. Life expectancy in Cyprus drops amid COVID turbulence

Life expectancy in Cyprus took a hit, decreasing by a year, reveals the latest European Commission health profile. ...

117. UN's envoy to land in Cyprus for talks on Cyprus problem

In early January, the new Special Envoy of the UN Secretary-General, Maria Angela Holguin Cuellar, will arrive in Cyprus....

118. Pope Francis approves blessings for same-sex couples

Pope Francis has officially sanctioned the blessing of same-sex couples, marking a significant departure in policy aimed at fostering inclusivity within the Catholic Church. This move, however, maintains the church's steadfast opposition to gay marriage....

119. Tatar's plea to Russia to reshape diplomatic landscape

"I would like to ask the Russian leadership and the Russian people to reconsider their policy on Cyprus, especially after what happened in Ukraine and what is happening in the world with a multitude of global changes," Turkish Cypriot leader Ersin Tatar told the Russian state news agency TASS - as reported by the latter....

120. Relocating 250,000 Palestinians to Cyprus?

The US website GIS/Defense & Foreign Affairs has published a report implicating Cyprus, particularly the occupied territories, in connection with the ongoing Israeli-Hamas conflict....