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61. Taylor Swift's tour spreads goodwill to food banks

Economists told CNN recently that Taylor Swift’s Eras Tour is becoming such a massive phenomenon that it’s having demonstrable impacts on the US economy at large, but it’s not only stadium venues, record labels, and ticket vendors benefiting....

62. Vegan Fam Festival 2023: Embrace life, sustainably

In an eagerly anticipated announcement, the Vegan Fam Festival, hailed as Cyprus' largest eco-festival, is set to make its triumphant return for the third consecutive year. ...

63. EuroAsia interconnector seeks alternative funding

The developer of the EuroAsia Interconnector is seeking alternative funding avenues to construct Cyprus' electricity interconnection with the European Union, following the European Investment Bank's rejection of a loan request. ...

64. Residential properties and offices for sale by AstroBank

Homes and building plots, as well as offices have been listed for sale by AstroBank in the districts of Paphos, Larnaca and Nicosia....

65. Jordan secret police accused of LGBTQ+ targeting

Jordanian secret police have been accused of intimidating gay people by “outing” them to their families and of forcing the closure of two LGBTQ+ organisations....

66. Cypriot national injured in billion-dollar money laundering sweep

Singapore law enforcement authorities disclosed on Thursday that a Cypriot national sustained injuries while attempting to evade capture by leaping from a second-floor balcony within an affluent district, marking one of the most significant money laundering cases to date. ...

67. Investment fund assets surge by almost €1 billion in 2023

Total assets of investment funds in Cyprus increased almost by a billion in June 2023 compared to December 2022....

68. UK inflation dips to 17-month low

UK inflation eased to a 17-month low in July, official data showed Wednesday, though it also revealed that prices of services, such as haircuts, hotels and restaurants, increased at a faster pace than the previous month. ...

69. Bank of Ireland glitch turns 'no funds' into a cash fiesta

Bank of Ireland is facing a crisis after thousands of customers descended on ATMs yesterday evening attempting to take advantage of a major IT glitch....

70. Cyprus celebrates Dormition of the Virgin Mary amidst heatwave

Cyprus celebrates on Tuesday the Dormition of the Virgin Mary, a religious and bank holiday, amidst a heatwave, with many flocking to the beach or mountain resorts, and with authorities issuing warnings about increased traffic in some areas, and overcrowded picnic sites....

71. Russia implements bold rate hike amidst economic challenges

Russia's central bank took swift action today, increasing its key interest rate by 350 basis points from 8.5 percent to 12 percent. This urgent move aimed to counteract the recent decline of the ruble, which was triggered by the Kremlin's call for stricter monetary policy....

72. Russia's ruble drops to lowest level since 2022 conflict

The Russian ruble slid past 100 against the dollar Monday, its lowest level since March 23, 2022 -- weeks after Moscow unleashed full-scale hostilities in Ukraine....

73. Loan denial sparks debate over EuroAsia electricity project

The European Investment Bank's (EIB) recent refusal to grant a loan for the EuroAsia Interconnector Electric Interconnector project has ignited a heated debate over the future of the ambitious energy initiative....

74. Petrides: ''EIB denies EuroAsia funding, government's involvement a no-go''

Constantinos Petrides, the former Finance Minister, has reacted to the recent refusal of the European Investment Bank (EIB) to provide funding for the EuroAsia Interconnector electricity interconnection project....

75. EuroAsia interconnector loan denied by European Investment Bank

The European Investment Bank will not approve a loan for financing the electricity interconnection project between Cyprus, Greece, and Israel through the EuroAsia Interconnector, as confirmed by a representative from the EIB in an interview with "K" magazine....

76. Court dismisses depositors' claims in controversial Laiki bank case

On August 10, 2023, the Nicosia District Court rendered a judgment dismissing a claim pertaining to the impairment of plaintiffs' deposits in the former Laiki Bank back in 2013. The plaintiffs had brought the case to challenge the constitutionality of the resolution measures implemented by the State in accordance with the "Resolution of Credit and Other Institutions Law of 2013."...

77. Record surge in loan renegotiations amidst rising interest rates

Loan renegotiation in the Cyprus banking system spiked to record levels in the first half of 2023, driven mainly by the repeated interest rate hikes by the European Central Bank (ECB) in its effort to tackle soaring inflation....

78. Electrifying Cyprus: Only 2.5K EVs drive the change

A total of 26,462 vehicles have been registered with the Department of Road Transport between January and July 2023, according to the most recent data released by the Department of Statistics. Out of the overall new registrations, 701 were electric vehicles, with 502 of them being private saloon cars....

79. BOC reports €220 million profit for first half of 2023

Bank of Cyprus Group has reported a robust profit after tax of €220 million for the first half of 2023, a significant leap from the €43 million recorded in the same period of 2022. Notably, €125 million of these profits were achieved in the second quarter of 2023....

80. Building and agricultural land for sale by AstroBank

81. Italy surprises banks with 40% windfall tax

Italy's rightwing coalition sent shockwaves through the financial markets as it announced an unforeseen 40% tax on bank profits derived from higher interest rates. ...

82. CBC: Bounced checks decline continue to decline

A total of 36 bounced checks, amounting to €112,717, were issued in July 2023. These checks involve 18 entities, consisting of 11 legal entities and 7 individuals. ...

83. The EuroAsia saga continues

In a statement to ''K'' news, the European Commission expressed its appreciation for the recent signing of the cable purchase agreement for the EuroAsia Interconnector....

84. Tourism sets record revenue with fewer arrivals

The latest data on tourism revenues for the month of May has brought encouraging news for the tourism sector, signaling positive effects on the Cypriot economy....

85. Strongest work-from-home rights for Australians

Before COVID-19 sent one-third of the global workforce home, the Melbourne property surveyor that employs drone operator Nicholas Coomber called its 180-strong staff into the office every day at 9 a.m. to hand out assignments....

86. Money theft attempt at Paphos ATM

Authorities are investigating an incident of violation and money theft from an ATM in Paphos....

87. Corporate loans above €1 million surge

The net new loans (excluding restructurings) in Cyprus amounted to €1.73 billion in the first half of 2023, showing a slight annual increase of 1.26%. The continuous interest rate hikes by the European Central Bank significantly slowed down the granting of housing loans....

88. Eurobank Cyprus reports soaring profits amid rising interest rates

Eurobank Cyprus posted soaring profitability after tax for the first half of 2023 with net profits approaching the profitability of full year 2022, due to rising interest rates and the high remuneration of its liquidity held at the ECB....

89. Prices of homes and apartments up 7.7% annually

The rise recorded in the housing market in Cyprus during the first quarter of 2023 was significant, as prices continued to increase, especially in apartments, mainly due to higher demand....

90. Drone strikes hit Moscow's financial district

Economic sanctions have been the biggest headache for Russia's business elite since the start of the war in Ukraine, but two drone strikes in the heart of Moscow's financial district are forcing companies to think about their employees' safety....