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241. Houthi rebels launch anti-ship missile at US destroyer in Red Sea

Yemen's Houthi rebels fired an anti-ship cruise missile at the USS Laboon, an American destroyer in the Red Sea. The missile was shot down by a U.S. fighter jet in the latest attack unsettling global shipping....

242. Dr. Anastasatos forecasts bright future for Cyprus economy

Eurobank group's chief economist, Dr Tasos Anastasatos, expresses optimism about the Cyprus economy, emphasizing that the decision to expand the group's banking presence in Cyprus is linked to these positive economic prospects....

243. Apple stocks dip as Microsoft claims market crown

In a noteworthy development, Microsoft has eclipsed Apple in market capitalization, marking the first time since late 2021....

244. Cyprus real estate booms in Q3 2023

Cyprus experienced a real estate boom in the third quarter of 2023, with housing prices soaring and a surge in demand from both domestic and foreign buyers, according to data released by the Central Bank of Cyprus (CBC) on Wednesday....

245. SppMedia, EPIC, and Deejay Radio hand over a cheque to Nicosia's Center

The Epic Street Fest, which has now been established as an institution in the heart of the capital, is characterized by its philanthropic nature....

246. Government's 'Photovoltaics for All' plan sparks debate on eligibility and funding

The Government Grant Scheme for transitioning citizens to renewable energy sources and promoting energy-saving initiatives in homes for the period 2024-2025 is currently open for public consultation until January 19, 2024. ...

247. Deloitte’s Tax Facts 2024

248. Cyprus redefines sustainability with new renewable energy grants in housing

In an exclusive announcement, the Ministry of Energy, Trade, and Industry is reaching out to stakeholders for their input on the innovative ''Grant Scheme for Renewable Energy and Energy Saving in Housing 2024-2025.''...

249. Cyprus and UK businesses join forces in new strategic partnership

The Cyprus Organization for Standardization and the Great Britain-Cyprus Business Association (GBCY) have announced a new strategic collaboration....

250. 'The bill goes to the President'

The resignation of Deputy Minister of Innovation Philippos Hadjizacharias shouldn't come as a surprise. This is not solely due to ethical considerations, as his name has been among those vilified and deconstructed by the Presidential Office....

251. CIFA projects optimistic 2024 for Cyprus investment funds amid challenges

The Cyprus Investment Funds Association (CIFA) has expressed optimism for the Investment Funds sector in Cyprus in 2024, projecting another positive year despite existing challenges and uncertainties, according to a press release. ...

252. Cyprus unveils new e-consultation platform for public feedback

The Council of Ministers approved Thursday the establishment of a public consultation platform, known as e-consultation, Minister of Finance Makis Keravnos said after the Cabinet meeting....

253. Finland and Sweden hit -40°C, breaking winter records

In an unprecedented turn of weather events, Finland and Sweden were plunged into the depths of winter as temperatures hit a bone-chilling minus 40 degrees Celsius, marking the coldest recorded temperatures of the season. ...

254. Highlights and shadows in global New Year's revelry

As the world transitioned into the new year, a kaleidoscope of celebrations unfolded across the globe....

255. Cyprus makes the cut in new tax-friendly nations list

In a recent announcement, the Ministry of Finance shed light on the revised list of countries enjoying preferential tax status under the Independent Authority for Public Revenue of the Hellenic Republic (IAEA)....

256. Half of Cyprus loans vulnerable to Euribor and ECB rates

Half of the loans in Cyprus are "vulnerable" to euribor and the European Central Bank's (ECB) key rates. In 2024 and 2025, we may not expect further increases, but rather possible decreases, according to the Central Bank of Cyprus' Financial Stability Report for 2022....

257. Bank of Cyprus expands with €58M loan acquisition

Agreement for the Acquisition of a Performing Loan Portfolio. ...

258. CBC warns of non-performing loan surge amid economic challenges

The Central Bank of Cyprus (CBC) issued a warning on Monday, cautioning about the potential influx of non-performing loans (NPLs) driven by high-interest rates and inflation, which are impacting households' disposable income and businesses' profitability....

259. Which city will win Culture Capital 2030 in Cyprus?

Deputy Minister of Culture, Vasiliki Kassianidou, announced on Monday that the official process was launched through which the cities of Cyprus are invited to submit an application to claim the title of the 2030 European Capital of Culture. ...

260. European data shows low interest payouts by Cypriot banks

Cypriot banks rank second to last among European banks in terms of paying interest on total household deposits, according to data released on Wednesday by the European Banking Authority (EBA), as part of its annual risk assessment of the European banking system....

261. One to three-star hotels dominate Greece’s accommodations

Three in four Greek hotels belong in lower categories of one to three stars, representing 50% of the country’s total capacity in terms of rooms, according to data from the Institute of Tourism Research and Forecasts (ITEP) of the Hellenic Chamber of Hotels....

262. Chinese elite move billions abroad in economic shift

In a remarkable shift this year, affluent Chinese have moved hundreds of billions of dollars out of the country, capitalizing on the end of COVID precautions that had tightly sealed China's borders for nearly three years....

263. Cypriots pack bags for record-breaking 2023 getaways

Cypriots are preparing suitcases for abroad, taking advantage of the short holidays offered by the Christmas and New Year celebrations....

264. ''Shine your light''

Several European cities share similarities in building architecture, with central squares capturing visitors' attention. However, each city, including capital cities, boasts a unique history reflected in its grand structures, cathedrals, and fortifications erected primarily for population protection....

265. Parliament set to battle bullying in schools

The focus of today's Parliament Committee on Education session is the pervasive issue of school bullying, coupled with the Ministry of Education's strategies to address this escalating problem, which coincides with a surge in violence and delinquency within school premises....

266. Billionaires choose Abu Dhabi as global wealth safe haven

In a surprising trend, billionaires including Zhao Changpeng, the Adani family, Ray Dalio, and Vladimir Lisin are flocking to Abu Dhabi's international financial center, establishing special purpose vehicles (SPVs) to safeguard their fortunes....

267. Doughnut diplomacy as Krispy Kreme invades Paris sparking croissant crisis

France, renowned for its culinary artistry, especially in the realm of patisserie, has recently found itself caught in the irresistible allure of the American doughnut, courtesy of Krispy Kreme....

268. Cyprus and France seal the deal on tax cooperation

In a milestone development, Cyprus and France have solidified their commitment to combat double taxation through the signing of a renewed Convention on the Elimination of Double Taxation....

269. Cyprus-France convention breaks fiscal barriers

In a strategic maneuver to bolster economic collaboration, Cyprus and France are gearing up to sign a pivotal Convention on Monday in the capital city of Nicosia....

270. Banks fail Menendez's quiz on $4 billion consumer paybacks

In a fiery congressional hearing on Wednesday, Senator Bob Menendez targeted Wall Street's top executives, putting them in the hot seat with a pop quiz on their firms' financial misdeeds....