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301. Fake contests and phishing scams surge, warns Cyprus Consumers Association

The Cyprus Consumers Association (CSC) has issued a warning about a surge in consumer fraud, where cunning individuals employ various tricks to extort money from unsuspecting victims. ...

302. UK unemployment falls to 4.2%

Britain’s unemployment rate fell to 4.2% in the second quarter, down from 4.4% in the previous quarter, according to data released Tuesday by the Office for National Statistics (ONS)....

303. Limassol resident loses €30,000 in cryptocurrency scam

A 54-year-old resident of Limassol reported to the police yesterday that he was scammed out of €30,000 by an online scammer posing as a cryptocurrency investment advisor....

304. Mental health over job security is Gen Z’s new workplace mantra

Gen Z, born between 1997 and 2012, is expected to make up 27% of the global workforce by next year, according to the Guardian. ...

305. Sharp increase in bounced checks for July 2024

The Central Bank of Cyprus (CBC) has reported a notable increase in bounced checks for July 2024, according to preliminary data from the Central Information Register (CIR)....

306. Women entrepreneurs hit hard by Turkey's Instagram shutdown

Turkey's decision to block access to Instagram has dealt a significant blow to female entrepreneurs who rely on the platform to market and sell products ranging from homemade cookies to baby bedding....

307. Bank of Cyprus sees 23% profit growth, raises financial targets

The Bank of Cyprus has announced a 23% increase in its profit after tax for the first half of 2024, reaching €270 million, compared to the same period in 2023. ...

308. Limassol man duped out of €30,000 in cryptocurrency scam

309. Eurobank completes takeover of Hellenic Bank

Eurobank S.A., a subsidiary of Eurobank Ergasias Services and Holdings S.A., has successfully completed its mandatory takeover bid for Hellenic Bank Public Company Limited. ...

310. Government rolls out €400 laptop grants for middle school students

Following the President's announcement of the "At Every Start, Together" initiative aimed at supporting students at the beginning of the new school year and easing family......

311. Joint Sea Venture for cleaner seas by the Bank of Cyprus

Initial assessments showed no observable impact on the biodiversity of the Blue Lagoon area of the Akamas Peninsulaby tourism activities....

312. Central Bank revises GDP growth to 3%

The Central Bank of Cyprus (CBC) made a conservative upward revision to the GDP growth rate for 2024, by 0.2 percentage points, to 3%......

313. Cypriot banks show resilience amid challenges, says CBC Governor

Despite the continuous challenges, the Cypriot banking system continues to register a positive course, which is reflected in the main supervisory indicators, Governor of the Central Bank of Cyprus (CBC), ...

314. FT: Global stock markets tumble amid US recession fears

Global stock markets experienced significant declines on Monday as concerns about a potential US recession led investors to abandon risky assets....

315. Cyprus non-cash payment value hits €129 billion

Non cash payments in Cyprus in the second half of 2023 rose by 12% year on year to €129 billion with total transactions amounting to 152 million marking an annual increase of 15%, the Central Bank of Cyprus (CBC) has said....

316. Hamas calls for 'day of furious rage' following leader's death

Palestinian militant group Hamas has called for a "day of furious rage" on Friday, coinciding with the burial of its slain leader Ismail Haniyeh in Qatar....

317. Eurobank Cyprus reports €105.7M net profit for H1 2024

Eurobank Cyprus reported a net profit of €105.7 million for the first half of 2024, marking a 16% increase, or €14.9 million, compared to the same period in 2023....

318. Bank of England cuts interest rates after nearly a year of stability

The Bank of England (BoE) has cut interest rates for the first time since the start of the COVID-19 pandemic, dropping them from a 16-year high. This decision, made by a narrow 5-4 vote, reflects a split among policymakers about whether inflation is under control....

319. 70% of Cypriots and Greeks choose card payments over cash

We are moving ever closer to abolishing cash for consumers and businesses....

320. Cyprus sees significant uptick in new loans

In June 2024, new loans in Cyprus substantially increased, reaching €330.6 million, up from €234.9 million in May. Data from the Central Bank of Cyprus (CBC) show that total new loans, which include both new and renegotiated contracts, climbed to €514.9 million from €391.6 million the previous month....

321. Nicosia municipality embraces digital era, ends cheque payments

In a significant shift towards modernization, the Nicosia Municipality announced it will no longer accept cheque payments, urging residents to transition to electronic and card-based payment methods. ...

322. Real estate investment opportunities by AstroBank

AstroBank is selling an unfinished commercial building in Strovolos and other commercial, residnetal and agricultural properties that are ideal investment opportunities in Nicosia, Larnaca, Famagusta, and Paphos. ...

323. Eurobank to revamp Hellenic Bank's leadership in September

Eurobank is now focusing on the next steps following the completion of its tender offer for a 100% acquisition of Hellenic Bank, finalized on Tuesday, June 30, 2024. ...

324. Greek firms fuel business expansion across Cyprus

The investment climate in Cyprus has significantly improved since the crisis era of 2013, attracting substantial interest from Greek companies....

325. CBC enforces 11.76% cap on loan interest rates

The Central Bank of Cyprus, exercising its powers under article 314A of the Cyprus Penal Code, Cap.154, and in accordance with its provisions, determines the reference interest rate to be 11.76%....

326. Large residential fields for sale by AstroBank

327. Anastasiades speaks out on Cyprus solution, corruption, and political ties

In one of his most candid interviews to date, former President Nicos Anastasiades discussed the Cyprus problem and the talks held in Crans-Montana with Marina Economides in "K". ...

328. Supreme Court stands firm, guarantors must pay €30K loan debt

In a unanimous decision, the Supreme Court of Cyprus has dismissed the appeal of two individuals contesting a ruling by the Paphos District Court, which held them liable for €30,244.32 plus interest and costs, as guarantors of a business loan granted by Laiki Bank in 2002....

329. Apartment prices up 13.9% yearly, house price growth slows

In the first quarter of 2024, house price growth showed a slight slowdown, while apartment prices continued to rise....

330. Market changes, Eurobank's move, and economic struggles

Bank of Cyprus shares were delisted from the Athens Stock Exchange following the 2013 financial crisis and the turbulent merger with Laiki Bank, including the depositor haircut...