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31. Cyprus inflation could offset ECB rate cut benefits

The European Central Bank (ECB) cut its three key interest rates by 25 basis points on Thursday, marking the first reduction after nearly two years of increases or stasis. ...

32. Project Full Circle to break speedboat record with new fuel technology

Project Full Circle is an ambitious multi-million euro effort to design and build the fastest and most fuel-efficient speedboat to circumnavigate the globe, aiming to break the coveted UIM world record. ...

33. Cyprus pledges to plant 100,000 trees annually to combat climate change

The Ministry of Agriculture, Rural Development, and Environment has introduced a series of ambitious green initiatives......

34. Is it a trendy temptation or a health hazard?

In the world of daring culinary trends, raw milk is the latest sensation captivating influencers and foodies alike. Unlike its pasteurized counterpart, raw milk skips the heat treatment process, offering enthusiasts a taste of unaltered dairy straight from the cow's udder....

35. Dr. Hepburn: ''Cyprus has the dirtiest and most expensive grid in the EU''

During his presentation at the Green Agenda Cyprus Summit held today at the Hilton Nicosia, Professor of Environmental Economics at the University of Cyprus, Cameron Hepburn, discussed Cyprus' energy transition and its decoupling from fossil fuels to achieve zero emissions and protect the environment. ...

36. Household deposit rates surge as home buying loan rates dip

In March 2024, the financial landscape in Cyprus saw some interesting shifts, according to data released by the Central Bank of Cyprus. Here's a breakdown of what happened:...

37. EU cracks down on TikTok lite over child addition concerns

European digital regulators are taking a stern stance against TikTok's latest feature, which rewards users for engaging with content, citing concerns over addiction, especially among children....

38. Imported wine squeezes Cyprus market

According to Kathimerini reporter, Andreas Karamitas, wine marketing in Cyprus boasts an annual turnover of approximately €7 million, a sum primarily fueled by domestic consumption rather than exports, which only account for around €1 million. ...

39. Incorrect water bills leave 450 premises fuming in Paphos

The Municipality of Paphos informs water consumers that it is investigating complaints regarding high water bills. ...

40. Action Global Communications named Mediterranean Consultancy of the Year

Action Global Communications is thrilled to announce its recognition as the Mediterranean Consultancy of the Year at the esteemed 2024 EMEA SABRE Awards, presented by Provoke Media....

41. Cyprus faces electricity market struggles amid smart meter setback

Cyprus faces significant hurdles in its electricity sector, notably in establishing a fair and competitive market. This impacts consumer choice of suppliers and efforts to transition to cleaner energy sources at home....

42. Finance Ministry to shield vulnerable homes from price hikes

The forthcoming measures are set to target specific areas, not just spread thinly across the board, in the fight against rising prices....

43. Business loans drop, home loans steady

The Central Bank of Cyprus reported on Wednesday that the net demand for corporate loans continued to decrease in the last quarter of 2023, marking a consistent downward trend since the first quarter of 2022, although at a slower pace than anticipated earlier in the year....

44. Cyprus economy holds steady amid challenges

Canadian credit rating agency DBRS Ratings GmbH (Morningstar DBRS) has affirmed the Republic of Cyprus's long-term ratings, maintaining it at BBB (high) with a stable economic outlook. ...

45. Cyprus' economic resilience earns high credit rating confirmation

International rating agency Morningstar DBRS has confirmed Cyprus’ BBB (high) long-term credit rating with a stable trend, noting that favourable economic prospects balance downside risks. ...

46. Cyprus ends fuel tax break, prices set to spike from April 1st

Starting April 1st, the reduced consumption tax on fuels (95-octane gasoline and diesel) will come to an end, reverting to 8.3 cents per liter for gasoline and 6.3 cents per liter for heating oil....

47. Seven out of ten students can get drugs in a day

A recent revelation has sparked concern among authorities in Cyprus as reports indicate that 7-8 out of 10 Cypriot students find it alarmingly easy to obtain drugs, including cannabis, within a mere 24-hour timeframe....

48. Methamphetamine use in Cyprus under scrutiny

A pan-european Wastewater Analysis Survey shows that there is a significant use of methamphetamine in Cyprus, but there are lower levels of use than the European average for other substances. ...

49. Zero-emission buildings by 2030

In a bid to combat climate change, the European Parliament has approved a plan to make buildings more energy-efficient and eco-friendly. The revised Energy Performance of Buildings Directive,...

50. Future ships to navigate seas without crews

In what seems like a scene from science fiction, the future of ocean exploration is unfolding before our eyes....

51. Over 400,000 songbirds killed in Cyprus and sold for delicacy

A recent report reveals a disturbing surge in wildlife crime in Cyprus, where over 400,000 songbirds were trapped and killed last autumn....

52. EU mulls tax breaks for islands nations on aviation fuel

European Union nations are in talks to grant exemptions for a proposed EU-wide tax on aviation fuel, particularly favoring islands. A draft document from Belgium,...

53. Cyprus and Greece forge alliance against potato fraud

Agriculture Minister Maria Panayiotou has requested the assistance of the Greek authorities to address the issue of potatoes from different countries being sold as Cypriot potatoes......

54. Germany legalizes limited cannabis use, joining global trend

Germany passed a law on Friday legalizing the cultivation and possession of limited amounts of cannabis, joining a small group of countries and jurisdictions that have taken similar steps....

55. Cyprus economy 2024: Ktrends reveals challenges and successes

Delving into the latest findings from the 6th wave of ''Ktrends'' research by ''Kathimerini'' newspaper unveils a multifaceted picture of Cyprus's economic landscape in January 2024. ...

56. Electricity subsidy extends to vulnerable consumers until February's end

With its metaphorical ''finger on the trigger,'' the Ministry of Finance is vigilantly tracking the anticipated surges in the current....

57. Energy Minister deliberates potential 6% electricity bill increases

The Energy Minister, George Papanastasiou, addressed concerns about potential electricity bill hikes arising from the EAC's request to CERA to recover 6% of its 2024 expenses....

58. Curbing food waste for a greener tomorrow

Food waste poses a pressing issue requiring attention, contributing to uncontrolled food production and straining natural resources. Humans, as the predominant species on the planet, occupy a significant portion of land for food production....

59. Cyprus celebrates completion of €6.6M solar project in 405 schools

With a total expenditure of €6.6 million, the project to install Photovoltaic Systems in 405 school buildings in Cyprus was completed, offering significant energy......

60. Macan sets new standards: the first all-electric SUV from Porsche