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1171. 2020 year of ‘slowbalisation’

Global economic growth in 2020 is expected to grow at a rate of around 3.4% in purchasing power parity terms,according to new projections by PwC, compared to its long-term average of a 21st century average of 3.8% per year...

1172. Showers back in the forecast

A low pressure system is expected Thursday afternoon over Cyprus, with chances of showers and thunderstorms that could last through the weekend...

1173. Renewable power is only part of the solution to meet net-zero targets

1174. Rainstorms sweep parts of Cyprus

Weather officials issued a yellow warning for Friday citing showers and isolated thunderstorms, with rain accumulation expected to reach high levels in specific areas...

1175. Severe weather alert issued for Cyprus

A yellow warning has been issued for Cyprus as rain and stormy weather late night Sunday are expected to intensify after midnight...

1176. Yellow warning as nasty weather moves in

A low reading in barometric pressure over Cyprus spells some nasty weather in the days ahead, starting Monday night with heavy showers and strong winds but also snow up in the mountains...

1177. Rain on hold this week

After days of prolonged showers and thunderstorms, a high pressure system has moved in this week with mostly clear skies and a rise in temperature...

1178. Day bouncing from sunny to cloudy

A northeastern air current is expected to affect the area over Cyprus, with some strong winds and periods of sunshine mixed with cloudy skies...

1179. Mixed bag of weather on the way

A weak high pressure system over Cyprus on Monday will be short-lived as the barometer is falling with chances of rain increasing for Tuesday and over the next few days...

1180. PwC presented its new publication for the real estate and land development sector

PwC Cyprus presented its publication on the Cyprus land development market, entitled "Cyprus Real Estate Market - First Half in Review", atan event held in Nicosia on 19 November...

1181. Central warns banks ‘not to overdo it’

The Governor of the Central Bank of Cyprus has called on smaller local banks not to get carried away with loaning money, urging them to follow the example of bigger banks and focus on reducing toxic debt...

1182. No rain in sight as temps reach 30

A warm front is affecting areas over Cyprus, with temperature highs expected to reach 30 degrees on Monday and no rain in sight at least until midweek...

1183. Cyprus signs deal for offshore gas concession

Cyprus and the Aphrodite consortium on Thursday signed an exploitation license and a revised production sharing contract, aiming to start natural gas production in 2025, generating projected revenues of $9.3 billion for a period of eighteen years ...

1184. Cyprus tops the list of EU member states concerning absorption of EU Regional Development funds

Cyprus’ absorption capacity of EU Regional Development exceeded the EU average, Government Spokesman Prodromos Prodromou has said....

1185. «Growth momentum moderates» in Cyprus according to Εuropean Commission Autumn Economic Forecast

"Growth momentum moderates" in Cyprus, according to the headline assessment of the European Commission`s Autumn Economic Forecast for the country, presented today by Commissioner Moscovici in Brussels....

1186. Showers creep back into the forecast

Clouds and rain are back in the forecast along with isolated thunderstorms expected to last all through the weekend...

1187. Friday the 13th to sort it all out

Britain will hold its first December election in almost a century after Prime Minister Boris Johnson won approval from parliament on Tuesday for an early ballot aimed at breaking the Brexit deadlock...

1188. Cyprus to start process for early repayment of IMF loan, Finance Minister announces

Finance Minister Harris Georgiades announced on Tuesday that an official process will be launched for the early and full repayment of an IMF loan, following the repayment of a loan from Russia....

1189. Roller coaster temperatures with rain

A relatively warm air front is affecting the area over Cyprus with air quality warnings and chances of afternoon showers through mid week...

1190. Spotty rain chances early in the week

A low pressure system is affecting the area over Cyprus with afternoon showers in the forecast over local areas...

1191. Greece sends Frontex new request for assistance with inflow surge

Amid the recent surge in migrant flows to the islands of the eastern Aegean, the Greek coast guard has sent a new request – the second within three weeks – for additional assistance from Frontex, the European Border and Coast Guard Agency, according to sources. ...

1192. 15 thousand UK citizens seek Cyprus residence permit

Approximately 15 thousand UK citizens have applied to get residence permits in Cyprus since the 2016 UK EU membership referendum. Currently a total of 32,281 residence permits for UK citizens are in force...

1193. Week starts calm, rain on the way

A weak, low pressure system is moving into the area over Cyprus with temperatures on a slight downward trend and midweek rain in the forecast...

1194. Week continues with calm weather

Weather patterns are settling down after a wet weekend as low pressure gradient is affecting the area this week with mostly clear skies and no rain in the forecast...

1195. More rain but inland temps still high

A low-pressure system is affecting the area with some clear weather and inland highs in the upper 30’s and chances of showers and isolated thunderstorms in the afternoon...

1196. Overtaxation led to tax evasion

Losses incurred by the state coffers due to tax evasion in 2014-17 were greater than the value-added tax revenue increase as a result of consecutive tax hikes, according to a European Commission report on the so-called VAT deficit (the difference between the expected VAT revenues and actual collections)...

1197. Wet weather looming over Cyprus

A low-pressure system is affecting the area with some clear weather and highs in the mid 30’s but also clouds and possibly afternoon rain in the days ahead...

1198. Cypriot vacationers shell out more abroad

Cypriots on holiday spend way more money and time abroad than in their own country, according to Eurostat, even as over half cannot afford a one-week annual holiday away from home...

1199. Advisory extended as temperatures soar

A warm air front is expected to start clearing out on Monday but not before another hot weekend with a yellow warning due to extreme high temperatures on Saturday...

1200. Cyprus back on hot weather alert

A yellow warning has been issued for Friday due to high temperatures in the interior of the island expected to reach 40 degrees, while afternoon rain is expected in the mountains...