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211. Cyprus trade deficit drops by €1.18 billion as imports and exports decline

Cyprus’ trade deficit dropped significantly by 17.4%, or €1.18 billion, in the first nine months of the year compared to the same period in 2023, according to provisional data from the Statistical Service of Cyprus (Cystat). ...

212. New EU tariffs on Chinese EVs slow Cyprus’ shift to electric cars

The European Union's new tariffs on electric vehicles (EVs) imported from China, reaching as high as 35.3%, are expected to significantly impact Cyprus' already slow-moving EV market, according to a report by Kathimerini's Dorita Yiannakou....

213. Larnaca and Paphos airports to handle 17.5 million passengers annually

The deal to hand over Larnaca and Paphos airports to Hermes Airports Ltd is nearly sealed, as the company moves toward......

214. Cyprus-Israel power study to conclude by early 2025

Subsea surveys for the Cyprus-Greece electricity interconnection project are advancing, with investment developments expected by year-end, ADMIE President and CEO Manos Manousakis announced at the 7th Athens Investment Forum. ...

215. Akamas road project delayed again as investigation continues

Decisions on key issues surrounding Akamas—particularly potential disciplinary proceedings for the first phase of the road network and the resumption of related work—are running behind schedule....

216. At the Doorstep of MICA: What to Expect as Crypto Regulation Takes Shape

The European Union's (EU) regulatory framework for cryptocurrencies and digital assets is envisioned to be shaped by the game changer, Markets in Crypto-Assets (MiCA) regulation. ...

217. U.S. election countdown: What’s at stake for Cyprus and Europe

With the U.S. election just a day away, the world is on edge. This isn’t just a choice between two candidates; it's about the future direction of the United States and how that might echo across the globe, including in Europe and Cyprus....

218. Cyprus achieves record €4.7 billion in exports, continuing years-long growth

Minister of Energy, Commerce and Industry George Papanastasiou praised the expanding momentum in the Cypriot export activity, stressing that in 2023 exports rose by an annual 38% continuing their steady rising trend of the past years....

219. Cyprus real estate market falters as October sales drop 6%

With just two months left in the year, October has shown that, despite some resilience, the market remains unable to inspire optimism. Economic indicators for the average household have not sparked an uptick in investment interest, and the ongoing geopolitical instability is growing....

220. Cyprus shifts westward with historic White House meeting

President Nicos Christodoulides recently met with U.S. President Joe Biden in a historic visit to the White House, marking a new chapter in Cyprus’ foreign policy as it turns toward the West, according to a report by Yiannis Ioannou in this Sunday's Kathimerini....

221. Kathimerini Cyprus unveils Eleni Xenou’s new book, ''Hirografo'', in Nicosia event

In a packed Casteliotissa Hall in Nicosia on Wednesday, October 30, Kathimerini Cyprus presented Hirografo, a new book by journalist and author Eleni Xenou....

222. Cyprus repays over €1B in debt, easing financial strain

Cyprus made strides in paying down its debt in the second quarter of 2024, settling over €1 billion in bonds and loans....

223. AI holds key to curing social ills, inequality

Artificial intelligence has the potential to eliminate diseases, lift billions out of poverty, combat depression, and tackle social issues....

224. New York achieves solar power milestone a year early

New York has reached its target of 6 gigawatts of solar power one year ahead of its 2025 goal, state officials announced recently. ...

225. How Cyprus-US ties reflect a new era of strategic partnership

The power of imagery may have, in some cases, overshadowed the invitation to the Oval Office, but Cypriot President Nikos Christodoulides’ meeting with outgoing U.S. President Joseph Biden was nonetheless substantive. ...

226. Turkey slams Christodoulides-Biden meeting as ''Diplomatic Defeat''

The Turkish opposition labeled the meeting between Cyprus President Nicos Christodoulides and U.S. President Joe Biden on Wednesday as a major setback for Turkish diplomacy, claiming it offered Greece and Cyprus an upper hand in regional affairs....

227. Cyprus plans €10,000 cash limit to fight money laundering

According to Kathimerini's Pavlos Neophytou, the Cyprus government is considering a new law to cap cash transactions at €10,000 for buying goods and services, aiming to crack down on money laundering. ...

228. Government announces new measures to help vulnerable households

In a bid to ease energy expenses for vulnerable groups and promote sustainable housing solutions, the Cabinet approved a set of medium-term measures during its meeting on Tuesday, chaired by President Nicos Christodoulides....

229. No immediate ban on fuel cars in Nicosia’s center, Ministry clarifies

Social media buzzed with debate after Transport Minister Alexis Vafeades hinted at a potential ban on conventional-fuel vehicles in parts of Nicosia’s city center....

230. Why Musk sees Trump as America’s business fixer

Elon Musk, the high-profile CEO of Tesla and SpaceX, has emerged as a vocal supporter of Republican presidential nominee Donald Trump......

231. New EU rules open Cyprus's troubled loan market to foreign investors

In a move that could reshape Cyprus's financial landscape, Parliament recently passed a European Directive that makes it easier for foreign investors to buy non-performing loans (NPLs) in the country....

232. EU pushing for economic ties with Turkey, but where does that leave Cyprus?

According to Kathimerini's Pavlos Xanthoulis, Brussels and Berlin are working to upgrade the Turkish Customs Union, viewing it as a pathway to strengthen economic ties with Turkey. ...

233. Norway’s billion-dollar man says Americans ''just work harder'' than Europeans

Norway’s ''billion-dollar man'' Nicolai Tangen, who manages Norway’s $1.6 trillion sovereign wealth fund, says America’s success over Europe comes down to one simple factor: Americans work harder....

234. Cyprus achieves first A-level credit rating in major milestone

Scope Ratings has upgraded Cyprus's credit rating to A- from BBB+, marking the country's first A-level rating from a major credit agency....

235. Clocks fall back, but the debate over daylight saving time ticks on

As clocks across Cyprus and much of Europe turned back an hour early Sunday, the annual ritual of falling back once again sparked the question: Is it time to let go of daylight saving time?...

236. University of Nicosia Hosts Ceremonial Event for NEOLAiA European University Alliance

237. The New Era of Accounting Services: A Complete Solution for CFOs

Comprehensive Solutions for CFOs in the Modern Accounting Landscape, in the fast-paced business world of today, strategic financial management has become increasingly critical....

238. Goodbye and thanks for all the halloumi!

I depart Cyprus after a little over two years as the British High Commissioner. What are my main reflections?...

239. Tatar rejects Christodoulides' proposal, insists on Turkey's role in talks

Turkish Cypriot leader Ersin Tatar has publicly rejected a proposal from Cypriot President Nikos Christodoulides, which was made during an informal dinner in New York....

240. Cyprus and U.S. launch historic strategic dialogue to strengthen bilateral ties

Nicosia and Washington are forming a concrete footprint for deepening their bilateral relations at the strategic level with the first-ever CY-US Strategic Dialogue launched today. ...