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1441. Cypriot hourly wages still below EU average

In 2022, the average hourly wages and salaries in the whole economy were estimated to be 15.6 euros in Cyprus, 22.9 euros in the EU and 25.5 euros in the euro area, according to data released by Eurostat, the statistical service of the EU. Compared with 2021, they increased by 7.5% in Cyprus, by 4.4% in the EU and by 4.0% in the euro area...

1442. EU lawmakers pass proposals to address migration crisis

European Union lawmakers on Thursday approved a series of proposals aimed at ending the yearslong standoff over how best to manage migration, a conundrum that has provoked one of the bloc’s biggest political crises....

1443. Germany desperate for migrant workers to fill open positions

A new study carried out by the Cologne Institute for Economic Research has shown that the worker shortage in Germany has reached an all-time high level. ...

1444. Finance Minister considers lowering VAT rates for basic necessities

The Minister of Finance of Cyprus, Makis Keravnos, has announced that the Ministry is considering measures for banks and credit-acquiring companies to absorb high-interest rate increases, as well as reducing value-added tax (VAT) for basic necessity products to tackle high prices....

1445. Greece admits Predator sale to Sudan but denies implication

A private airplane that flew from Cyprus to Sudan last year had delivered the infamous Predator surveillance software, with the Greek government admitting the export but denying any involvement in the ongoing civil war there...

1446. Childhood cancer rates in Cyprus among the world's highest, says expert

Children's cancer rates in Cyprus are among the highest in the world, Dr. Loizos Loizou Professor of Pediatrics, Pediatric Oncology, has told CNA, adding that they are investigating the causes....

1447. Politics blog: Moscow on the Mediterranean

While some talk behind our backs, The Guardian is unabashedly labeling our country, especially our banking system, as the "Moscow of the Mediterranean". ...

1448. Excess deaths down in EU but not in Cyprus

For the first time since the beginning of the COVID-19 pandemic, there was no excess mortality recorded in the EU in February 2023, while Cyprus recorded the highest rate of excess mortality during the same month, according to data published by Eurostat...

1449. Cyprus tourism surges with 61% increase in Q1 2023

Tourist arrivals to Cyprus went up by 61% during the first quarter of 2023, reaching 393,893, compared to 244,705 in the corresponding period of 2022, according to data published by the Cyprus Statistical Service on Tuesday....

1450. More Greek riddles as Ukraine seeks S300

Ukrainian Defense Minister Oleksii Reznikov says his recent trips abroad including a visit to Cyprus have been 'very important' as Kiev still negotiates for Soviet-made missiles ahead of the next Ukraine Defense Contact Group in Germany...

1451. Cyprus tops EU in granting temporary protection to Ukrainian refugees

According to data released by Eurostat, in February 2023, Cyprus recorded the highest ratio of Ukrainian citizens granted temporary protection per thousand people (1.1) among the EU member states with available data, followed by Czechia (0.9)....

1452. Talk about Arcturus variant reaches Cyprus

So far we do not know whether the new COVID variant Arcturus has reached Cyprus, Professor of Microbiology and Molecular Virology at the School of Medicine of the University of Nicosia, Dr. Petros Karayiannis told the Cyprus News Agency...

1453. US monitoring of UN Secretary-General Guterres revealed in leaked documents

Leaked Pentagon files indicate the United States was monitoring UN Secretary-General Antonio Guterres because it believed he was too soft on Russia after its invasion of Ukraine....

1454. Kaili to go home after denying all charges

Greek MEP Eva Kaili, the former European Parliament vice president accused of corruption, is said to be released from custody while still facing charges, with her lawyers saying he would not admit to crimes she did not commit...

1455. Three major concerns of ECB regarding Cypriot banks

Although Cypriot banks have made great progress over the last decade, foreign supervisors have reservations and summarise their concerns in three areas....

1456. Italy declares state of emergency

To deal with the recent influx of migrants arriving on the southern shores of Italy, the country's right-wing government has announced a six-month nationwide state of emergency....

1457. Rome reportedly okays Lukoil sale to Cypriot firm

Italy gave conditional approval on Tuesday to the sale of the Lukoil-owned refinery in Sicily to Cypriot private equity firm GOI Energy, people familiar with the matter told Reuters...

1458. EU calls on aspiring journalists to train in Brussels

The European Commission has announced that it has launched a call for journalism students and young journalists to participate in Youth4Regions, an EU program for budding journalists that includes a week of training in Brussels....

1459. K. Treppides & Co Ltd: Sustainable Finance

Sustainability is the key to a better, healthier, and more viable future as it improves the quality of our lives with the use of natural resources which protect our ecosystem in general. By taking into consideration the three pillars of economic viability, environmental protection, and social well-being, we can preserve the future generations’ needs while, from a corporate perspective, the development of sustainable strategies can lead to a company’s longevity....

1460. U.S. scrambles to reassure allies after Ukraine intel leak

Senior U.S. officials are scrambling to address concerns and questions from allies in Europe, the Middle East, and Ukraine following the leak of highly classified information about the war in Ukraine and other global issues. ...

1461. Cypriots aren't shying away from trendy Easter getaways

Cypriots seem to have resumed their travels vigorously, with many of our fellow citizens opting for long getaways for the Easter holidays. Speaking to K, Acta's spokesman, Harris Papacharalambous, said that demand is at pre-coronavirus levels for both inbound and outbound travel....

1462. Nicosia says US army links not against Turkish Cypriots

Greek Cypriots are rejecting Turkish Cypriot claims that American actions disrupt balance on the divided island, following the recent docking of a US attack submarine in Limassol, with Nicosia accusing the north of regurgitating Ankara’s longstanding criticism...

1463. Leaked Pentagon docs prompt ally denials

A large cache of what appear to be classified Pentagon documents circulating on social media channels is becoming a growing source of anxiety for US intelligence agencies, as numerous allies have been forced into denials over the purported leaks....

1464. North unhappy after US sub anchors in Limassol

Ankara and the Turkish Cypriot leadership repeated warnings over the weekend about Washington 'disrupting the balance' on the divided island, with their latest criticism targeting a deployed US attack submarine that anchored in Limassol...

1465. Protecting EU borders: The rise of border walls against third country migrants

The increasing number of illegal migrants reaching the European Union and Schengen Area Member States has pushed states to take different approaches to tackle their activity, including erecting walls or physical barriers at the borders....

1466. Ukrainian defense minister hurries down to Cyprus

Ukrainian Defense Minister Oleksii Reznikov visited Cyprus on Friday amid reports that a recent EU plan to send ammunition to Kiev was being held up in some European capitals including Athens and Nicosia...

1467. Over 7,000 volunteers contribute to groundbreaking genetic research in Cyprus

Over seven thousand volunteers in Cyprus have so far provided a sample of their genetic material to the Biobank, Professor of Medicine and Molecular Genetics at the Medical School of the University of Cyprus and Director of the Center of Excellence for Biobanking and Biomedical Research, Constantinos Deltas, has told the Cyprus News Agency....

1468. Cyprus’ Armenian rep calls on more countries to recognize

The Armenian religious representative in the Cypriot parliament told lawmakers on Thursday that the island’s support to his people has been 'invaluable' over the years, with the House observing a moment of silence for victims of the persecuted group during WWI...

1469. Macron's mission in China: Convincing Xi on Ukraine

1470. What is the future for banks?

Banks have suffered significantly in the last 15 years. Some have been forced to shut down, while others had to reduce deposits. In some countries, banks have been subject to capital controls, and many have had to change their shareholder structure due to state intervention....