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1201. Paphos: Over 15 million euros in foreign investment in 2022

According to the Paphos Chamber of Commerce and Industry, foreign investment in the city has surpassed €15 million. ...

1202. The demand for new homes is dwindling

The large investments and development projects mentioned by Minister of Transport and Works Yannis Karousos in his ministry's recent project presentation may have kept the construction and real estate sector afloat until 2022, but the industry still faces challenges....

1203. Twenty two flights affected by Thursday's COLA strike

A total of 22 flights concerning both departures and arrivals from and to Cyprus’ two airports will be affected by the Cyprus-wide three-hour strike to be held tomorrow over the issue of the cost of living adjustment (COLA)....

1204. Banks are revising lending rates

Cypriot banks are preparing new loan rates in an effort to redesign the pricing of loans. In the first half of 2023, Cypriot banks will see significant changes in the pricing of new loans, accompanied by increases in interest rates, ...

1205. More tourists embarking on sustainable travel this year

A new report from the World Travel and Tourism Council (WTTC) and the Trip.com Group has revealed that 69 percent of travelers are actively seeking sustainable travel options for 2023....

1206. The red warning from the beaches of Protaras

First and foremost, let me state that I am not an environmental expert. As an active citizen, I am recording my concerns about the changes brought about by climate change...

1207. The Halepianes (Tseri) exit opens tomorrow at 3pm

In the upcoming months, improvements and relief from the annoyance faced by hundreds of drivers every day are anticipated. ...

1208. Tech companies calling for employee naturalizations after 5 years

Following the 2023 Presidential Elections and the resumption of the meetings of the House of Representatives, ICT companies will begin "pushing" for the right to apply for naturalization after 5 years of residence and work in the Republic of Cyprus,...

1209. Cyprus Banks: Vulnerabilities remain despite progress, says SSM

Cypriot banks have made progress, according to a report by the Single Supervisory Mechanism (SSM), but there are still many issues. ...

1210. Cyprus talks up imminent Chevron announcement

Cypriot Energy Minister Natasa Pilides is waging a battle to ensure Chevron’s reluctant development concept for Aphrodite will stick to plan, but cost-cutting ideas, merger wars, and maritime issues continue to blur options backed by an administration on its last leg...

1211. KIABI pursuing international development with the opening of a second store in Cyprus

Present in 24 countries with a network of 538 physical stores, KIABI is challenging the fashion world’s leaders in Europe, the Middle East, Africa and South America. Engaged in an international growth dynamic, the French favourite continues to roll out its concept intended for all families as it opens its second shop in Cyprus in 2023. ...

1212. Nearly €6 billion in real estate transactions in 2022

The value of real estate sold during 2022 is approaching €6 billion, according to the comparative real estate sales of the Department of Lands and Surveys as processed and presented in the quarterly "Real Estate Market Bulletin" of Cyprus Real Estate Registration Council....

1213. Social media campaigning is dominating this year's electoral race

If this election differs from previous ones in any way, it is because the lion's share of the advertising pie has shifted to digital media, particularly social media, with Facebook and Instagram dominating in terms of the amount of advertising content given to them....

1214. Tesla drastically lowers EV pricing in the US and Europe

After steadily increasing prices over the past couple of years, Tesla has cut them drastically across its lineup in the US and Europe, in an apparent bid to boost sales. ...

1215. Ten hotels in Cyprus, Malta, and Greece replace single-use plastics

Ten tourist accommodations in Cyprus, Greece, and Malta participated in a pilot project that saw the implementation of these solutions....

1216. Storm after storm batters California's coastline with no end in sight

Multi-million dollar beach homes battered by winds, cars swallowed up by sinkholes, and over a dozen people killed - after weeks of extreme storms, many Californians are wondering when it will end....

1217. Rising cost of living worrisome for almost all Cypriots

The rising cost of living, the threat of poverty and social exclusion, and the migration issue are Cypriots’ greatest concerns according to the European Parliament’s Autumn 2022 Eurobarometer Survey released on Thursday....

1218. King Constantine, former king of Greece - His relationship with Makarios and his involvement in Cyprus

1219. Funds are investing in Cypriot banks

Investing in Cypriot banks is becoming more common. The progress they have made in terms of the non-performing loan burden they have shed, their capital adequacy, which is characterized as good,...

1220. Dispute resolution services a more cost effective way to resolve issues

Going to court to resolve a dispute between a consumer and a business is not always necessary. There are alternatives that are less time-consuming and less expensive than legal action and can provide very effective solutions. ...

1221. Supermarkets bet on their own private labeled products

Consumers are turning to private label and exclusive import products to combat inflationary pressures on consumer goods in supermarkets....

1222. Fuel prices have dropped, but increases are anticipated

On January 8, 2023, the cost of 95 gasoline was 44 cents less per liter than it was on July 12, when it reached an all-time high of €1.828 per liter....

1223. The plan to bring in more German tourists

In a trip organized by the FTI Group and Meeting Point, German travel agents recently visited the island and discovered increased demand for Cyprus....

1224. Hollywood executives brace for ‘year of turmoil’ in 2023

Hollywood executives are bracing for a brutal “year of turmoil” as the entertainment business faces the combined threat of an economic recession, slower streaming growth, a cinema industry on life support and a potential writers’ strike....

1225. Where you can't go in 2023 and why

Travelers from all over the world are expected to take their vengeance for two years in prison in 2023, as they can now take their dream vacation to any part of the world they want, with no restrictions....

1226. Economic events that will be remembered in 2022

The energy crisis, which intensified after Russia's invasion of Ukraine and resulted in skyrocketing gas prices, took the lead throughout the year....

1227. Nikos Christodoulides’ program for the next five years

Cypriots will go to the polls on February 5 to elect the 8th President of the Republic. The campaign began very early compared to previous elections and will intensify during the remaining few weeks. ...

1228. EY Future Consumer Index: consumers opt for caution this holiday season

EY Future Consumer Index: consumers opt for caution this holiday season to cope with rising cost-of-living and environmental concerns, new data finds ...

1229. According to research, costs for a festive table ranges from €24 to €255

The Cyprus Consumers Association conducted a survey on the cost of the Christmas table as part of its foundation's mission to protect and provide consumers with more complete information. The survey was conducted from December 12 to December 21, 2022....

1230. Plant to process Israeli gas for export an option

The government of Cyprus is weighing a proposal for a pipeline that would carry natural gas from Israel to the island nation, where it would be processed and exported by ship to Europe and elsewhere as Russia’s war in Ukraine compounds an energy crisis, the Cypriot energy minister said Monday...