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151. Over 2,000 users raise alarm over iPhone 15 Pro heat

Numerous Apple customers have voiced concerns about the recently launched iPhone 15, citing issues of overheating just days after its release....

152. CBC lowers GDP growth projections for 2023 and 2024

The Central Bank of Cyprus has revised its growth projections for 2023 and 2024. They now expect GDP growth to be 2.4% in 2023 and 2.7% in 2024, down from their previous forecasts of 2.6% and 2.8%. This is due to Western sanctions against Russia and the fragile external environment affecting professional and non-tourism services....

153. Cyprus' 'Photovoltaics for All' cuts electricity costs by 50%

In a bold move to expedite the transition to green energy, the Ministry of Energy is gearing up to unveil a groundbreaking solar energy production initiative that promises to reshape the balance between conventional and green energy sources....

154. Essentials get affordable from November 2023

In a significant development, the Greek Tax Department has announced that the Ministerial Council, during its session on September 13, 2023, has given the green light to an official decree that modifies the VAT legislation. ...

155. Consumers revolt as rising prices trigger surge in complaints

In recent months, the Pancyprian Consumers Association has been inundated with consumer complaints, particularly following the reinstatement of excise duty on fuel and the termination of electricity subsidies. ...

156. Fuel prices surge, electricity rates hold steady

Fuel prices are set to rise by 2-2.5 cents per liter for diesel and slightly less for unleaded gasoline, effective today at petrol stations....

157. Are dairy products the new focus for Israel-Cyprus relations?

If someone hadn't followed the Israeli Prime Minister's past statements about EastMed and the LNG terminal in Cyprus and didn't know that energy was the main topic in the previous eight meetings, they might have thought that the leaders of Cyprus, Greece, and Israel had more pressing matters during the 9th trilateral meeting in Nicosia. ...

158. City of Dreams Mediterranean partners with Cablenet

159. $235M air force project: Next-gen plane prototype

Most large airplanes are tubes with wings and a tail section attached. Blended-wing planes are designed with the body and wings being one piece....

160. Strategic release of 7,000 tons of barley

The release of up to 7,000 tons of barley, an amount equivalent to 30% of the strategic reserves, was decided by the Grain Advisory Committee, which convened at the Ministry of Agriculture on Thursday....

161. Labor Department imposes outdoor work ban in higher mountains

In response to an amber warning for extremely high temperatures, the Department of Labour Inspections in Cyprus has enforced a ban on outdoor work in higher mountainous areas between 12:00 and 16:00 local time on Thursday. This directive applies specifically to areas situated at elevations ranging from 1150 to 1650 meters....

162. Cyprus faces deceleration amid inflation and rising rates

Cyprus' economy experienced a slowdown in the second quarter of 2023, prompting inquiries about the situation. According to the preliminary estimate provided by the Statistical Service, ...

163. Concerns rise over emergency grain stocks

The Grain Advisory Committee is scheduled to convene this morning at 10 am at the Ministry of Agriculture, to engage in a discussion centered around the adequacy of grain supplies within the market. ...

164. Fuel companies announce significant price hikes

Looking at the average prices across Cyprus, we found that the average price of unleaded 95 petrol increased yesterday afternoon, Tuesday, compared to the morning, and now stands at 1.5 euros per liter....

165. Government achieves €155.5M surplus in 2023

Cyprus government's surplus for the first half of 2023 increased to €155.5 million, equivalent to 0.5% of GDP, compared to a deficit of €92.4 million (-0.3% of GDP) for the period of January-June 2022, based on preliminary fiscal results from the Statistical Service of Cyprus. ...

166. Government's solar power initiative for vulnerable homes

The government is currently working on the installation of free solar power systems for vulnerable individuals....

167. Cyprus approves €361M supplementary budget for 2023

With criticism against the government's agreement for the purchase of the Metropolitan building, which will house the Ministry of Labor and Social Insurance, the Plenary of the House of Representatives approved the supplementary state budget amounting to €361 million....

168. Cyprus surpasses 40,000 solar installations

The Electricity Authority of Cyprus has taken actions to reduce the waiting time for the inspection of photovoltaic systems after installation....

169. Energy savings: 1.3% to 1.9% by 2030

MEPs approved today's plans, already agreed with the Council, that set new energy-saving targets for 2030, as part of the European Green Deal....

170. Double impact on gas station owners

Citizens are in turmoil following the termination of reduced special consumption tax rates on transportation and heating fuels, which resulted in increases of 8.32 cents in gasoline and diesel, and 6.83 cents in heating fuels. ...

171. Concerns raised over safety of artificial sweeteners

An artificial sweetener commonly in food and drinks worldwide could be declared capable of causing cancer by a global health body....

172. US approves sale of lab-grown chicken

The U.S. Department of Agriculture (USDA) has granted approval for the sale of cell-cultured chicken, marking a significant milestone for the cultured meat industry....

173. FinMin underlines the importance of disciplined policy

The contact circle with the banks has not been completed, and there will be a new one to adopt measures that will provide relief to borrowers regarding the increased interest rates....

174. April records a decrease in loan volumes

The Central Bank of Cyprus announced in a press release on Tuesday that total new loans decreased to €473.9 million in April 2023, compared to €922.5 million in the previous month....

175. From 25% to 5% smoking rate by 2040, says Kyriakides

Health and Food Safety Commissioner Stella Kyriakides, in a prelude to World No Tobacco Day on May 31, emphasized the Commission's ambitious objective of reducing smoking from 25% to a mere 5% of the population by 2040 in her written message....

176. Energizing surprise: Abundance of energy sends prices plummeting in Finland

Finland was dealing with an unusual problem on Wednesday: clean electricity that was so abundant it sent energy prices into the negative....

177. Why do young people in Cyprus struggle to secure a home loan?

Young people are facing difficulties in securing mortgage loans due to a number of factors, according to economist Tasos Yasemidis....

178. Cyprus tackles alarming rates of antibiotic consumption

Cyprus is facing a serious problem with the consumption of antibiotic drugs and is now implementing a surveillance program on antibiotic prescriptions in outpatient health care in collaboration with the Health Insurance Organization....

179. Central Bank governor projects higher economic growth for 2023

On Tuesday, Constantinos Herodotou, the Governor of the Central Bank of Cyprus, announced that the Cypriot economy is projected to grow in 2023 at a higher rate than the Eurozone average. ...

180. Loans surge in March 2023: A mix of new and renegotiated contracts

Total new loans recorded an increase to €922.5 million in March 2023, compared with €527.5 million in the previous month, according to data released Friday by the Central Bank of Cyprus....