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181. Wolt welcomes historic collective agreement for delivery drivers

Wolt has welcomed the first-ever collective agreement in the fleet management sector, marking a major step forward for the industry. This agreement, reached through the joint efforts of the Ministry of Labour, fleet management companies, and unions, is set to benefit delivery drivers, businesses, and consumers....

182. 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....

183. Dior bags assembled for €53, sold at €2,600

Italian authorities have uncovered stark realities behind the glitz of fashion catwalks and luxury boutiques during recent raids on local factories and workshops involved in the production of Dior and Armani handbags....

184. Tatar and Stewart confer on security issues in Cyprus buffer zone

The UN Secretary-General's Special Representative to Cyprus, Colin Stewart, expressed concern about the militarization of the buffer zone......

185. Dust, heat, and strong winds expected

The region is currently under the influence of seasonal low pressure, resulting in a mix of weather conditions....

186. 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. ...

187. Clouds and choppy seas today

The region is experiencing the effects of seasonal low pressure, resulting in clear skies today, with some local cloud development expected in the afternoon....

188. Ministry maintains €300 fine for running red lights

On Thursday, the Minister of Transport, Communications, and Works, Alexis Vafeadis, was briefed on various legislative proposals submitted by parliamentarians....

189. ICT sector powers Cyprus' economic growth

Almost all of the productivity growth in Cyprus' economy over the past three years can be attributed to the Information and Communication Technology......

190. Two shipwrecks off Italy leave 11 dead and 64 missing

According to the International Organization for Migration (IOM), more than 3,150 migrants died or went missing in the Mediterranean last year, making it the deadliest migration route in the world....

191. From academia to governance: Cyprus' latest Deputy Minister

The establishment of Cyprus's Deputy Ministry of Immigration and International Protection coincided with a challenging period, influenced by the ongoing humanitarian crisis in neighboring Israel. ...

192. 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....

193. Ibiza airport closed after bomb threat

Ibiza Airport was forced to shutdown this afternoon following a bomb threat reported on a Ryanair flight destined for Milan-Bergamo. Authorities have not yet confirmed details of the threat, which prompted the suspension of normal operations for nearly an hour....

194. Sklavenitis expands to 27 stores with Papantoniou deal

Sklavenitis Cyprus has announced the integration of Papantoniou Supermarkets into its network....

195. Cyprus faces crisis with 120 illegal waste sites igniting fires

In Cyprus, there are approximately 120 illegal waste sites, with the Fire Service in the Nicosia district responding to 45 incidents in the past two years alone, as disclosed by the Parliamentary Environment Committee on Wednesday. MPs have urged relevant authorities to take decisive action....

196. Standard & Poor’s upgrades Bank of Cyprus rating

Standard & Poor’s (S&P) has upgraded Bank of Cyprus’ long-term issuer rating to BB+, just one notch below investment-grade status, and assigned a positive outlook. This comes shortly after the upgrade of Cyprus’ long-term rating to BBB+, also with a positive outlook....

197. PwC Cyprus is strengthened with new partners

As PwC Cyprus continues its successful re-invention and shift to a new business model, fit and relevant for the new market conditions and opportunities, ...

198. Chevron, Frederick University offer scholarships for female engineers

Frederick University and Chevron are announcing three full scholarships for the academic year 2024-25 for new female students who will enrol in any of the undergraduate programs of study of Frederick University’s School of Engineering in the academic year 2024-25....

199. 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....

200. 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. ...

201. Stranded abroad? Here's what airlines must provide

Flight cancellations and lengthy delays are the primary issues frustrating travelers, according to Trade and Industry Officer Anastasia Stylianides. Addressing these concerns, Stylianides also clarified the rights of passengers when their flights are canceled....

202. Cyprus eyes market return with ten-year bond

Cyprus is gearing up to re-enter the financial markets in the near future to capitalize on the recent positive momentum bolstering its economy....

203. Stay cool or fry trying!

The Meteorological Department has issued a red warning for today, effective from 11:00 a.m. to 5:00 p.m., as temperatures are expected to reach a scorching 45 degrees Celsius....

204. Schools to close early on Friday due to heatwave

Education Minister Athina Michaelidou defended the government's decision to suspend classes early on Friday due to soaring temperatures, calling it a balanced approach despite inevitable discontent....

205. UNHCR concerns over asylum-seekers trapped in buffer zone

The UN Refugee Agency (UNHCR) has raised alarms over the safety and well-being of 31 asylum-seekers, including seven children, who are reportedly stranded in the UN Buffer Zone in Cyprus....

206. CBC chief warns: Tax on big profits could hurt economy

The new Governor of the Central Bank of Cyprus (CBC), Christodoulos Patsalides, expressed opposition to a windfall profits tax, which is a tax imposed by governments on companies that have experienced unexpectedly large profits,...

207. Animal rights activists deface King Charles III portrait

Animal rights activists defaced a new portrait of King Charles III on Tuesday as it hung in a London gallery....

208. Heatwave intensifies as wildfires rage in Paphos

209. Confessed killer of 11-year-old girl admits attempted rape

The confessed killer of the 11-year-old girl in Ilia allegedly admitted that shortly before killing her, he attempted to rape her....

210. Alphamega Hypermarkets ''Play Ball'' giving away gifts for the Euro 2024

The moment all footballer lovers across Europe have been waiting for is almost here, and for yet another time, Alphamega Hypermarkets could not be missing from this huge sporting celebration....