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241. ECB keeps interest rates steady amid mixed inflation signals

The European Central Bank decided today to keep its key interest rates unchanged, as anticipated. This means the rates for main refinancing operations, marginal financing, and deposit facilities remain steady at 4.25%, 4.50%, and 3.75%, respectively....

242. Kuwait sends 200 tonnes of aid to Gaza via Cyprus

A delegation from Kuwait’s Al-Salam Association for Humanitarian and Charitable Works is set to send around 200 tonnes of humanitarian aid to Gaza’s civilian population via the Amalthea humanitarian corridor to the port of Ashdod, Israel....

243. Solar-powered 'smart benches' to monitor air quality in Greece

244. July Newsletter of K. Treppides & Co Ltd: Cyprus Securities and Exchange Commission

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....

245. Trump's new campaign ad features assassination attempt

In a bold move, former President Donald Trump's new campaign ad includes dramatic moments from his recent assassination attempt, triggering a wave of conspiracy theories across social media platforms....

246. Armed convoy of 800 fighters from Paphos to Nicosia marred by tragedy

In recent months, a freshly painted bus from another era has been placed in a shelter near the roundabout at the Paphos General Hospital....

247. Cyprus tourism faces €25 million Hit

The president of the Cyprus Hotel Association (PASYXE), Thanos Michaelides, has highlighted the urgent need to extend the tourist season and increase the number of year-round hotel operations. ...

248. Cyprus advances road safety with Intelligent Transport Systems

In a bid to modernize its main road network and bolster transport safety, Cyprus is rolling out state-of-the-art intelligent transport systems (ITS) across key routes. ...

249. Cyprus faces crucial decision as LNG terminal contract nears end

Energy Minister George Papanastasiou announced on Tuesday that the contract between the Natural Gas Infrastructure Company (ETYFA) and the CPP-METRON Consortium Ltd (CMC Ltd) for the Vasilikos liquefied natural gas (LNG) terminal construction is approaching its conclusion....

250. Macron's gamble averts far-right but leaves France in political instability

In a surprising turn of events following French President Emmanuel Macron's call for snap elections, France's left-wing alliance has emerged victorious, securing 182 seats and pushing the far-right into third place....

251. Accurate dating of Kyrenia shipwreck confirmed

Using various lines of evidence researchers have determined that the Kyrenia shipwreck had been constructed between about 345-313 BC and sank between about 286-272 BC......

252. Surge in corporate loans despite interest rate hike

The Central Bank of Cyprus has released its latest data revealing notable shifts in financial trends for May 2024. Despite a 0.52% uptick in lending rates for non-financial corporations borrowing amounts over €1 million, new loans to these entities surged by 10% compared to the previous month. ...

253. Cyprus’ Lidl Kids Team Cyprus experienced the UEFA EURO 2024TM in Munich

As the Official Partner of UEFA EURO 2024TM and as part of the Lidl Kids Team programme, Lidl offered children from all over Europe the opportunity to be a Player Escort at the top summer football tournament, which this year takes place in Germany....

254. Reflect Festival highlights traffic and housing challenges in Limassol

The recent Reflect Festival brought forth crucial discussions on pivotal issues affecting Limassol, prominently featuring traffic congestion and housing shortages as central topics. ...

255. CBC to keep dividends low despite bank profits

The increased profitability of Cypriot banks, will not affect the supervisory authorities’ views over the necessity to maintain a prudent policy with respect to banks’ dividend payments, the Central Bank of Cyprus said in its annual report for 2023, published on Wednesday....

256. ECB concerned over Cypriot bank profit tax proposal

In 2023, Cypriot banks reported unprecedented profits, marking a 15-year high, with projections suggesting even greater earnings in 2024....

257. Yet another extension granted to Cyfield for Nicosia motorway

The Ministry of Transport, Communications, and Works has approved yet another extension for the construction of the Nicosia peripheral motorway, pushing the completion date to mid-August 2024. ...

258. Banks contribute over €854M in taxes amid controversy over proposed levy

In the last seven years (2017-2023), Cypriot banks have collectively paid more than €854 million in income tax, special taxes, and VAT, according to a report by Panayiotis Rouglas in last Sunday's Kathimerini....

259. Government launches 10 new digital Civil Registry services

The creation of online services for the benefit of citizens is a high priority for the government, said Interior Minister Konstantinos Ioannou on Thursday during a joint press conference with Deputy Minister......

260. Scottish Secretary resigns amid UK election betting scandal

The unfolding scandal surrounding bets on the UK government's election date deepened significantly yesterday with the revelation......

261. Paphos-Polis road project faces uncertain future

The long-awaited road project connecting Paphos to Polis Chrysochous, which began in May 2021, faces significant delays and potential abandonment. ...

262. Cyprus meets trafficking standards, US State Department report

The Government of the Republic of Cyprus fully meets the minimum standards for the elimination of trafficking, the State Department said in its report regarding "In Persons Trafficking"....

263. Sweden's gang war reaches Greece with key arrests

In September 2023, Sweden was rocked by a surge of 12 murders linked to a violent gang war over drug trafficking in cities like Uppsala and Umeå....

264. Enigmatic 4,000-year-old building found on Crete

A big, round, 4,000-year-old stone building discovered on a Cretan hilltop is puzzling archaeologists and threatening to disrupt a major airport project on the Greek tourist island....

265. Humanitarian aid to Gaza resumes after pier reattached

The transfer of humanitarian aid from Cyprus to Gaza has resumed after US Central Command personnel successfully reattached the command's temporary pier to the Gazan coastline Wednesday, the Pentagon announced on Thursday....

266. BBF announces the full sale of four Class A business centers in Cyprus in the past 12 months

BBF, Limassol’s top luxury residential developer, successfully sold out four Class A office buildings within the last year. Spanning a total area of approximately 20,000 sq. m., the full sale of bbf: latitude, bbf: liberty, bbf: benchmark, and bbf: summit solidifies BBF’s position as a leading name in Cyprus's commercial real estate market as well....

267. 65 migrants drowned, 11 rescued in Italy's Ionian sea disaster

The waters of the Ionian Sea seem tranquil enough in the middle of June, but they also form part of the most dangerous migration route in the world....

268. CBC projects 3% GDP growth in 2024

The Central Bank of Cyprus has revised its 2024 forecast for GDP growth to 3%, from 2.8% that was expected last March, mainly due to the upward revision of domestic demand, while it maintained its forecast for growth in the years 2025 and 2026, at 3.1% and 3.2%, respectively....

269. Cyprus reforms are a comedy of errors in governance

Following last Sunday's vote, the much-publicized local government reform will take effect on July 1. This, like many other reforms, has been carried out in typical Cypriot fashion. ...

270. US investment and educational opportunities rise in Cyprus

The recent meeting between Cypriot Foreign Minister Konstantinos Kompos and US Secretary of State Anthony Blinken has underscored the strong and growing ties between Cyprus and the United States......