Search

481. CBC to keep dividends low despite bank profits

The increased profitability of Cypriot banks, will not affect the supervisory authorities’ views over the necessity to maintain a prudent policy with respect to banks’ dividend payments, the Central Bank of Cyprus said in its annual report for 2023, published on Wednesday....

482. Strong winds and rough seas expected

A seasonal low-pressure system is currently influencing the area, bringing mostly clear weather with occasional localized clouds. Thin dust is expected to linger in the atmosphere throughout the day....

483. Fitch elevates Hellenic Bank’s credit rating

Fitch Ratings has upgraded Hellenic Bank's Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+', with stable outlook and its Viability Rating (VR) to 'bbb-' from 'bb+'. ...

484. Dust, heat, and strong winds expected

The region is currently under the influence of seasonal low pressure, resulting in a mix of weather conditions....

485. Employee earnings in Cyprus rise by 5.7% in early 2024

The average gross monthly earnings of employees in the first quarter of 2024 increased by 5.7%, reaching €2,378, compared to €2,251 in the same period of 2023, according to preliminary data from the Statistical Office....

486. Clear skies with scorching temperatures ahead

A seasonal low-pressure system is impacting the region, bringing predominantly clear weather with some variations....

487. Why building a home is rare today

As discussed in our previous article, the housing landscape in our country is changing, with home ownership rates decreasing and aligning with the European average. ...

488. Clouds and choppy seas today

The region is experiencing the effects of seasonal low pressure, resulting in clear skies today, with some local cloud development expected in the afternoon....

489. Feel the heat as summer sizzles on the island

While it's going to be hot, it's the perfect excuse to hit the beach! Cool off in the beautiful Mediterranean Sea, relax under an umbrella, and enjoy the summer vibes. Stay hydrated, and don't forget your sunscreen!...

490. Rentals rise as home ownership trends change

Around 20-25 years ago, Cyprus was renowned for having one of the highest rates of home ownership globally, with figures nearly reaching 78% - 80%, as per the data available then....

491. Eurobank gains green light for 100% acquisition of Hellenic Bank

The Cyprus Securities and Exchange Commission (the “CySEC”) approved on 25 June 2024, the publication of the Takeover Bid Document for the acquisition by Eurobank S.A. of up to 100% of the issued share capital of Hellenic Bank, whose shares are listed on the Main Market of the Cyprus Stock Exchange (“CSE”). ...

492. Expect 41°C with heat alert in Cyprus

The Department of Meteorology has issued a yellow warning for extreme maximum temperatures on Thursday, with the mercury set to soar to a blistering 41 degrees Celsius....

493. Cyprus has a long way to go when it comes to EV's

Cyprus lags behind the rest of the European Union in the adoption of battery electric vehicles (BEVs), according to data from the European Alternative Fuels Observatory (EAFO). While growth is noted and targets seem achievable, the country's rate of electric car use remains among the lowest in the EU....

494. Fidias' impact on Cyprus' social media scene

The Cypriot public, particularly on social media, often reacts strongly to viral content, especially when it touches on political, social, or identity issues....

495. Yellow alert issued for extreme heat in Cyprus

The Department of Meteorology has issued a yellow warning for extreme maximum temperatures, effective from 11:00 a.m. to 5:00 p.m. on Wednesday....

496. Cyprus braces for hot days ahead

Get ready for a sunny day today with mostly clear skies across the region. ...

497. Meet Kevin, the world's tallest dog

The Iowa great dane that was recently crowned the world’s tallest dog is the same height as the average three-year-old child – and is often mistaken for being a horse. ...

498. Parliament reduces traffic light violation fines

Parliament unanimously passed a law reducing some out-of-court fines for traffic light violations, a measure largely prompted by the widespread use of photoelectric cameras in cities....

499. Sunshine, showers, and Kataklysmos fun, without the ark

Get ready, folks! As we dive into a three-day Kataklysmos weekend, we've got a fun mix of sunshine, light showers, and plenty of seaside festivities. ...

500. Highs of 40°C and yellow heat warning issued

A weak low-pressure system is affecting the area, bringing mostly clear skies today. However, the mountains may see locally increased cloud cover in the early afternoon. ...

501. Standard & Poor’s upgrades Bank of Cyprus rating

Standard & Poor’s (S&P) has upgraded Bank of Cyprus’ long-term issuer rating to BB+, just one notch below investment-grade status, and assigned a positive outlook. This comes shortly after the upgrade of Cyprus’ long-term rating to BBB+, also with a positive outlook....

502. Cyprus to sell €1 billion bond after improved credit ratings

The Republic of Cyprus is expediting its return to the financial markets, seeking to leverage recent credit rating upgrades by Fitch and Standard & Poor's......

503. Yellow warning issued for extreme temperatures

The meteorological department has issued a yellow warning for extreme maximum temperatures today. The warning is in effect from 11 a.m. to 5 p.m. Wednesday. ...

504. Cyprus lags in access to cutting-edge medicines

Cyprus falls behind in patient access to innovative medicines compared to other EU and EEA countries, ranking 23rd out of 36 nations, according to a survey by the European Federation of Pharmaceutical Industries and Associations (EFPIA)....

505. Will Cabinet decide to extend electricity subsidies?

The government is poised to discuss the renewal of the electricity subsidy measure, set to expire on June 30, at its upcoming Cabinet meeting, according to a report by Kathimerini's Hectoras Georgiou....

506. Rising temperatures persist in Cyprus

A weak low-pressure system is affecting the area, bringing a mix of clear skies and increased cloud cover. ...

507. Sunny days ahead

A gentle low-pressure system is bringing calm weather to Cyprus today. ...

508. Stay cool or fry trying!

The Meteorological Department has issued a red warning for today, effective from 11:00 a.m. to 5:00 p.m., as temperatures are expected to reach a scorching 45 degrees Celsius....

509. Brace yourself for another scorcher!

The relentless heatwave in Cyprus shows no sign of abating, with temperatures continuing to sizzle above 40 degrees. Today, Thursday (13/06), the mercury is expected to skyrocket to a scorching 43 degrees. An orange warning is in effect from 12:00 noon until 17:00....

510. Heatwave intensifies as wildfires rage in Paphos