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721. Prices of homes and apartments up 7.7% annually

The rise recorded in the housing market in Cyprus during the first quarter of 2023 was significant, as prices continued to increase, especially in apartments, mainly due to higher demand....

722. Vafeades announces affordable bus service from GSP stadium in a month

Transport Minister Alexis Vafeades addressed the traffic problem, stating that the solution does not lie in building more roads, but rather in reducing the number of cars on the existing roads....

723. ECB dilemma with core inflation at 5.5%

The European Central Bank (ECB) is almost certain to raise interest rates by 25 basis points in its meeting tomorrow, though what happens next is unclear....

724. Uber driver saves over $1,000 monthly with Tesla

Wesley Johnson, 64, uses the income he earns as a San Francisco Uber driver to offer some financial support to his four children and seven grandchildren. ...

725. Greek wildfires lead to flight cancellations

Raging wildfires on the Greek island of Rhodes have sparked the evacuation of around 2,000 tourists from its resorts....

726. Are Famagusta restaurants pricing fairly?

The Association of Famagusta Recreation Centres has issued a statement in response to recent reports criticizing the prices of restaurants in the district....

727. Greece tops billionaires' Mediterranean getaways

Greece is this year's number one destination for billionaires in the Mediterranean, surpassing Italy, which traditionally was their top choice. However, according to the travel planners for the 1%, billionaires no longer want to go to Mykonos....

728. Americans to require visas for EU in 2024

United States passport holders have long traveled throughout most of the world without having to worry about visa applications: American travelers currently have visa-free access to 184 destinations worldwide,...

729. Concerns over food crisis and rising prices

The head of the Competition Division of the Consumer Protection Agency at the Ministry of Commerce, Aliki Iordanou, stated that there has been no increase in product prices despite the zero VAT rate....

730. The 24-hour solution to plastic waste

Researchers at The University of Texas in Austin discovered an enzyme that eats plastic fast, and scientists think it could revolutionize how we deal with waste....

731. Housing sales slow due to inflation and construction costs

The value of transactions in the real estate sector amounted to €1.52 billion in the second half of the year, with the market bearing the impact of the interest hikes, inflation and the increased construction cost....

732. Loan demand in Cyprus falls, interest rates rise

The Cypriot banking institutions are holding a small basket for demand in new loans....

733. Fuel prices plummet while food costs soar

Liquid fuels experienced the most significant annual percentage decline in June, dropping by 27.2%. Contributing to a 1.9% inflation squeeze, the lowest point in 25 months, was a 25.6% annual decline in oil prices....

734. Climate change threatens tourism as tourism impacts climate change

Coastal erosion, rising sea levels, increased temperatures, sea disturbances, and storms, as well as the reduction of freshwater supply, are some of the consequences of climate change....

735. New cat feeders enhance stray welfare in Strovolos

Modern feeders for stray kittens found shelter along the Pedieos River have been installed in Linear Park Strovolos. ...

736. Schools vulnerable to ransomware

The confidential documents stolen from schools and dumped online by ransomware gangs are raw, intimate, and graphic. They describe student sexual assaults, psychiatric hospitalizations, abusive parents, truancy — even suicide attempts....

737. Turkish or Turkish Cypriot? Court decision controversy

The Republic of Cyprus will pay a compensation of €345,000 to a Turkish Cypriot of American origin, while also returning his property in Limassol, which was being irregularly exploited....

738. European stocks rally on hope of interest rate peak

Eurozone inflation fell more than expected to 5.5 percent in June, its lowest rate since the start of last year, but a slight rebound in core consumer price growth tempered any relief for policymakers....

739. Interest rate increases boost Cypriot banks' 2022 profits to €177 million

Bank of Cyprus and Hellenic Bank generated a combined profit of €164.7 Million in Q1 2023, Driven by interest rate increases....

740. Behind-the-scenes insights in parliament

Journalism is also called the "fourth estate," not because it has institutional power, but because it can function as a supplementary force in the governance of a place. ...

741. Cyprus receives funding for Nicosia motorway

The European Commission has announced a significant investment of €6.2 billion to co-finance 107 infrastructure projects aimed at promoting sustainable, safe, and efficient transport throughout the EU....

742. Bank of England raises interest rates to 5%

The Bank of England has raised interest rates by a half point to 5% as part of its efforts to combat high inflation and rising mortgage costs. ...

743. 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....

744. Siddiq applauds Cyprus' response to Russian sanctions

British High Commissioner to Cyprus Irfan Siddiq expressed his encouragement at the excellent collaboration with Government and industry in Cyprus, regarding UK sanctions of Cypriot entities linked to Russia...

745. 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....

746. 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....

747. 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....

748. 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...

749. Cablenet: The Fastest Growing Mobile Network

750. 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....