Search

1231. Cyprus banks to double net interest income in Q1 2023

Net Interest Income (NII) for the Cypriot banking sector nearly doubled in the first quarter of 2023, driven by the ECB’s rising interest rates in a bid to contain inflation....

1232. Government procures 32 electric vehicles to reduce emissions

The Ministry of Transport, Communications, and Works has announced that, for the purpose of promoting clean road transport vehicles and reducing greenhouse gas emissions and other pollutants in the atmosphere, it has received and delivered 32 electric vehicles to Departments and Services of the Public Sector to meet their needs....

1233. Understanding price levels in Cyprus and how they compare to the EU average

According to the latest data from Eurostat, the statistical service of the European Union, the price levels for household expenses in Cyprus were 91% of the EU average in 2022....

1234. Cyprus slips in global competitiveness rankings for third consecutive year

Cyprus has experienced a decline in its global competitiveness for the third consecutive year, dropping from the 40th position to the 45th out of 64 countries in the IMD World Competitiveness Center rankings....

1235. Cyprus changes tack with plan for gas link to Israel

Cyprus hopes to develop plans for a pipeline linking it to Israel's east Mediterranean gas fields during talks which start next month, the island's top energy official told Reuters...

1236. Students identifying as animals, sparking controversy

Schools are allowing children to identify as cats, horses, and dinosaurs - and teachers are 'failing to question them', it was claimed today....

1237. The President's omissions and unaddressed issues

Flanked by his cabinet and through a 24-page document, the President of the Republic presented the program and actions of the government from his first day in office until today. ...

1238. Cyprus farmers voice alarm over plant protection regulation

The European Commission is addressing farmers' concerns regarding the proposed regulation on plant protection in the European Union. They assure that the implementation of the new rules will be gradual, aiming to minimize any impact on production and food prices....

1239. Search launched as Titanic tourist sub vanishes

A submersible used to take tourists to view the wreck of the Titanic has gone missing in the Atlantic Ocean, sparking a search and rescue mission....

1240. AUB Mediterraneo Paphos: Shaping the future of education in the Mediterranean

As the anticipation builds for the opening of the American University of Beirut - Mediterraneo in Paphos scheduled for September 2023, Kathimerini had the privilege of sitting down with Philip S. Khoury,...

1241. Cypriot farmers take to the streets over pesticide ban

Cypriot farmers descend in droves upon Nicosia this week to protest against a long-delayed EU pesticide ban, with tractor drivers taking part in the demonstration and warning 79% of arable land would be lost...

1242. Temporary VAT reduction on essentials estimated at €14.5 million

In the upcoming days, most likely early next week, a clearer picture is expected to emerge regarding the government's course of action on the reduced Value Added Tax (VAT) rate for fuel and electricity....

1243. Cablenet: The Fastest Growing Mobile Network

1244. Hourly labor costs in Cyprus rise by 5% in Q1 2023

According to provisional data released by the Statistical Service on Friday, hourly labor costs in Cyprus saw a 5% increase in the first quarter of 2023 compared to the same period the previous year....

1245. Pork prices on the rise

In response to the ongoing challenges caused by the pandemic and the conflict in Ukraine, the prices of meat have seen a steady increase, with pork now facing another surge. ...

1246. Chocolate prices to surge

Chocolate enthusiasts should brace themselves for price hikes in the near future, as cocoa prices continue to soar. ...

1247. ECB raises interest rate to 3.20% in ongoing tightening campaign

The European Central Bank (ECB) has announced its decision to raise the interest rate to 3.20%, marking another step in its ongoing monetary policy tightening campaign. ...

1248. US citizens exit Portugal as demand for 'golden visas' plummet 37%

Following the abolishment of the Golden Visa scheme of Portugal some expatriates are leaving the country, based on the report of Bloomberg....

1249. Private doctor outside state network speaks out

Cypriot surgeon Alkiviadis Alkiviadous says he will be forced to move back overseas over his decision not to join GESY, with the private physician crying foul over an inflexible system that is slowly being bought by foreign money...

1250. Turkish president's construction plans in occupied Kato Deryneia

In a recent statement, Deryneia Mayor Andros Karayiannis expressed concerns regarding Turkish President Recep Tayyip Erdogan's plans for the construction of over a thousand residential units in occupied Kato Deryneia. ...

1251. Cyprus struggles with renewable energy and storage gap

Only 15% of Cyprus' total energy production comes from Renewable Energy Sources (RES), highlighting the country's significant lag in this sector....

1252. Government ends tax break, fuel and electricity prices to rise

The Director General of the Ministry of Finance, Michalis Pantelis, has expressed the government's intention to end the measure of reducing excise tax on fuel and electricity....

1253. EU nationals to require electronic travel authorization (ETA) starting next year

Nationals of the 27 European Union Member States traveling to the United Kingdom will need to apply for an electronic travel authorization (ETA) starting next year, which will cost them almost €12....

1254. President Christodoulides leads Cyprus' EU initiative

President Nicos Christodoulides is currently in Strasbourg with the main objective of promoting the proposal for a more active involvement of the European Union (EU) in resolving the deadlock on the Cyprus problem and resuming talks....

1255. Australian embassy celebrates 50 years of diplomatic ties with Cyprus

A wonderful reception took place yesterday within the historic walls of Nicosia, as the Australian embassy commemorated the 50th anniversary of diplomatic relations between Australia and Cyprus. ...

1256. Christodoulides touches base with Cypriot MEPs

Cypriot President Nikos Christodoulides will elaborate on Tuesday morning before the European Parliament plenary in Strasbourg on his proposal for a more active involvement of the EU in efforts to lift the deadlock in the Cyprus problem and immediately resume negotiations for a Cyprus settlement within the agreed UN framework...

1257. Greek islands grapple with doctor shortages as tourism takes priority

Many Greek islands face severe shortages of doctors and nurses and attempts to solve the issue fall afoul of local economies and, in certain cases, government bureaucracy....

1258. Former US-based bank executive to lead Turkey's Central Bank

Turkish President Recep Tayyip Erdogan on Friday appointed a former U.S.-based bank executive to head Turkey’s central bank, in another sign that his administration might pursue more conventional economic policies....

1259. Cyprus banking sector maintains stable solvency ratio

The overall solvency ratio of the Cyprus banking sector stood at 21.2% at the end of December 2022, the same as September 2022, according to data published by the Central Bank of Cyprus on Wednesday....

1260. Regulatory change delays electric air taxi market entry

The era of electric air taxis is near, but a regulatory change has created an obstacle for manufacturers. ...