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841. Brothers facing US extradition walk free in Cyprus

The Supreme Court in the Republic of Cyprus has ordered the release of five suspects, including two Greek Cypriot brothers, who are wanted by US authorities in connection with an investigation into investment fraud...

842. 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....

843. Exports of halloumi at 1.34 billion over the last 5 years

Halloumi exports have increased in recent years and are expected to peak in 2022. Data for the first nine months of 2022, i.e. up to September, show exports worth €227 million and an export volume of 32,000 tonnes. ...

844. Housing, water and energy take up 25% of EU household expenses

In 2021, ‘Housing, water, electricity, gas and other fuels’ represented a quarter (25.0%) of EU household expenditure and 17.1% of household expenditure in Cyprus, according to Eurostat, the statistic service of the EU....

845. 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....

846. 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....

847. The 2023 investment chessboard

Today's data is completely different from what it was a year ago in terms of investment....

848. 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....

849. Cyprus' Archbishop Georgios lays down the law

Cyprus’ newly elected Archbishop Georgios says he will adhere to the island’s church traditions but also promote religious inner-peace, adding all people of Cyprus are united against one enemy...

850. Cyprus braces for credit ratings in 2023

The ratings will take place in a year marked by a projected economic slowdown, amid the continued uncertainty that clouds the economic outlook, due to high inflation and the energy crisis, fueled by the continuing war in Ukraine...

851. 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 ...

852. 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....

853. EC: 12 million euros for access to high-speed internet in Cypriot homes

European Commission approves 12 million euro Cypriot scheme to support household access to high-speed broadband services...

854. Lack of 'discounts' for the holiday table

This year's Christmas table is expected to be laden with delectable fare. This is a tool that supermarkets have enlisted in order to retain customers and possibly increase sales, even in times of inflation....

855. The Belgian wheel is in motion...

Many Cypriots live in a state of frustration. How did Belgian authorities respond decisively to the well-known case, while the island's law enforcement took two weeks to visit Syllouris?...

856. Aggressive leukemia vanishes in 13-year-old after receiving CRISPR treatment

In the latest CRISPR success story, a 13-year-old girl whose leukemia had not responded to other treatments now has no detectable cancer cells....

857. The fierce battle for second place

858. Finance Ministry: 'Cyprus economy will not enter a recession'

There will be a significant slowdown in economic activity next year, we will be affected by increased energy prices and borrowing costs, but "inflation in Cyprus is being reined in at lower levels" compared to other European member states, ...

859. ECB raises interest rates by 0.5%

Christine Lagarde warned markets not to expect an early end to rate rises next year, on a day when the European Central Bank and the Bank of England lifted borrowing costs to their highest levels in 14 years....

860. Fewer building permits were registered in September, down from August

Building permits issued in Cyprus in September marked a new annual reduction with the construction sector negatively affected by spikes in construction costs, amid uncertainty generated by the war in Ukraine....

861. €36 million loss so far reported by banks this year

The banking system reported a loss after tax of €36 million on a consolidated basis in the first nine months of 2022, compared to a profit of €22.54 million in the corresponding period of 2021....

862. In the past year, 40% of residents reported their accounts 'compromised'

Forty percent of citizens and nearly half of businesses have experienced some sort of cyber attack in the past 12 months, according to surveys on cyber security....

863. The 2023 Budget in the vortex of the elections

The government of President Anastasiades has just submitted its final budget, for 2023. DISY will undoubtedly support the budget, but it will be interesting to see what position it will take if and when the polls are confirmed....

864. Insurance premiums expected to rise slightly

Inflation-related losses are also occurring for general insurance policies. Cyprus' insurance policies will specifically follow the broad pattern of other nations and other international insurance companies,...

865. Migrant makes history by paragliding into the EU (video)

This is the moment a migrant makes history by becoming the first documented person to paraglide across Spain’s southern border with Morocco and make it onto European soil....

866. Dept of Labour: 'Our social security fund is sound'

According to the Ministry of Labour and Social Insurance, the General Social Insurance Plan's most recent actuarial study shows that the amendments made up until 2012 ensure the long-term viability of the Social Insurance Fund and that,...

867. Fuel price cuts have begun

Following a month of price volatility, the Cypriot market should see a reduction in the cost of motor and heating fuels in the coming days....

868. World's largest crypto exchange platform to set up shop in Cyprus

The FTX bankruptcy scandal a few weeks ago rocked the entire crypto world to its core, after its founder Sam Bankman-Fried, the "wonderboy" of the crypto trading world,...

869. EU struggles with Russian oil price cap

European Union governments remained split on Thursday over what level to cap Russian oil prices at to curb Moscow’s ability to pay for its war in Ukraine without causing a global oil supply shock, with more talks possible on Friday if positions converge...

870. CYTA expects €400 million in revenue this year

Deputy Chairman of the Committee Chrysis Pantelides told CYTA after discussing the organization's budget for 2023 that CYTA is a very good example of a profitable and robust semi-governmental organization that should remain in the ownership of the state so that the public and society at large reap these important benefits....