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241. ECB announces final rate cut for 2024

The European Central Bank (ECB) has announced a 25 basis point reduction in interest rates, marking the fourth consecutive cut for 2024....

242. Moody’s Nick Hill on financial risks and opportunities for 2025

In an insightful conversation with Kathimerini's Panayiotis Rougalas, Nick Hill discusses the key macroeconomic risks and opportunities facing the region in 2025....

243. Whale's incredible migration stuns researchers

A humpback whale has completed one of the longest and most remarkable migrations ever documented, a journey scientists believe may be linked to changing environmental conditions....

244. Luigi Mangione: The Ivy League graduate turned suspected murderer

In a saga that feels ripped straight from a Netflix thriller, Luigi Mangione, a once-promising Ivy League graduate from a prominent Maryland family, finds himself at the center of one of the year’s most jaw-dropping scandals....

245. Money transfers in 10 seconds coming to Cyprus

Starting on January 9, 2025, Cyprus will join the rest of the SEPA zone (33 countries) in offering instant bank transfers, revolutionizing how payments are made....

246. Cypriot wine earns a spot on Financial Times’ prestigious Christmas List

A wine crafted from a rare Cypriot indigenous grape variety, produced by the boutique Makarounas Winery in Letymbou, Paphos, has achieved a significant distinction: it has been included in the Financial Times’ list of 51 “Best White Wines for Christmas.”...

247. Europe shines in global race for smarter power grids, but China gains ground

Europe is at the forefront of innovation in electricity grid technology, sharing the lead with Japan in global patent filings over the past decade....

248. Investigation launched amid nursing home abuse allegations

Police are investigating the circumstances surrounding injuries sustained by a 76-year-old nursing home resident, following a complaint from his daughter....

249. Clerides urges President to modernize British Bases Agreement

Former Attorney General of the Republic, Costas Clerides, has submitted a proposal to the President of the Republic, Nicos Christodoulides, urging the initiation of a dialogue with the United Kingdom concerning the British military Bases in Cyprus....

250. Syrians withdrawing asylum requests, says Deputy Minister of Migration

Syrian nationals in Cyprus are beginning to submit applications to withdraw their asylum requests, according to Deputy Minister of Migration and International Protection, Nikolas Ioannidis....

251. Geopolitical turbulence presents a looming threat to 2025 economic growth

Speaking at the 20th Economist Conference in Nicosia, Nick Hill highlighted the macroeconomic and geopolitical challenges shaping the global financial environment....

252. Temu’s tempting deals are a double-edged sword for Cypriot shoppers

Temu, an emerging e-commerce platform, offers an extensive range of products, from gadgets and household goods to clothing and toys, at remarkably low prices....

253. Syrian rebels advance toward Damascus amid rising tensions

Syrian rebel forces have made significant strides toward Damascus, asserting they are now "at the gates" of the capital following a swift and widespread offensive....

254. Notre Dame reopens to global dignitaries

The iconic Notre Dame Cathedral reopened to global acclaim, marking a monumental milestone since the devastating fire of 2019....

255. City engineers investigate balcony collapse in Neapolis

The Limassol Municipality has issued warnings to 400 buildings for necessary repairs, with 130 of them officially declared dangerous....

256. Kasoulides calls for a NATO-ready Cyprus

Former Foreign Minister Ioannis Kasoulides has reignited the discussion surrounding Cyprus' potential NATO membership. In an official statement, Kasoulides emphasizes that, while it may take many years to prepare for membership in the North Atlantic Alliance, Cyprus should, with U.S. assistance, gradually modernize its armaments to meet NATO specifications....

257. Study reveals high-dose IV vitamin C combined with chemotherapy improves survival in advanced pancreatic cancer

258. Commission approves €2.6 million agreement with UNDP to advance CMP efforts

The European Commission has entered into a €2.6 million partnership with the United Nations Development Programme (UNDP) to enhance the efforts of the Committee on Missing Persons in Cyprus (CMP)....

259. Business loans on the rise in Cyprus, but consumer borrowing takes a hit

Cyprus experienced a rise in net new loans in October, driven primarily by businesses borrowing more, especially for amounts exceeding €1 million. ...

260. Commission's migration challenge: Syria and political hurdles complicate new EU legislation

According to an article by Pavlos Xanthoulis, the European Commission, led by Ursula von der Leyen, prepares to unveil a new migration and refugee framework in February 2025, significant challenges loom, from escalating conflict in Syria to contentious legal and political disputes within the EU. ...

261. African workers unite for historic labour conference

African migrant workers and labour activists gathered in Nicosia's Old Town on Sunday for Cyprus's first-ever African Workers’ Conference....

262. Thousands rally in Tbilisi for fifth night as PM condemns pro-European protests

For the fifth night in a row, thousands of demonstrators filled the streets of Tbilisi, Georgia’s capital, protesting the government’s recent decision to suspend its pursuit of European Union (EU) membership....

263. Cybersecurity and ICT risks emerge as leading drivers of operational risk

Geopolitical tensions have significantly increased operational risks, particularly in the areas of cyber and digital threats, as well as risks related to money laundering and sanctions compliance....

264. Cyprus-born cleric elected as new Metropolitan of Atlanta

As the result of a recent election, the Holy and Sacred Synod of the Ecumenical Patriarchate has named Bishop Sevastianos of Zela as the new Metropolitan of Atlanta....

265. Stella Kyriakides earns an A- for health leadership

The European Commission's first team under Ursula von der Leyen for the 2019-2024 term has had a tumultuous and significant five years....

266. Cyprus receives major credit rating boost from Moody’s

Last Friday, Moody’s delivered a major endorsement of Cyprus’ economic progress, upgrading its credit rating by two notches, from Baa2 to A3, with a stable outlook, according to a report by Panayiotis Rougalas. ...

267. Pronomia scheme: Travel benefits for 125 lucky contestants

The countdown to Christmas has begun, and Bank of Cyprus is getting its customers in the festive mood, in a special way. The ‘pronomia’ loyalty scheme will give 125 lucky winners the chance to travel and enjoy new, unique experiences....

268. Laiki Bank liquidator raises €90.8 million for depositor compensation

According to a report by Panayiotis Rougalas in this Sunday's Kathimerini, the liquidator of the former Laiki Bank, Avgoustinos Papathomas, has achieved a key milestone in efforts to compensate creditors, particularly depositors who lost money during the bank’s 2013 collapse....

269. DBRS Morningstar: Cyprus shows strong recovery in tackling bad loans

Cyprus is starting to see some positive shifts in its financial sector, particularly when it comes to tackling non-performing loans (NPLs) – loans that borrowers have stopped paying. ...

270. Bank workers union sets sights on big move in Bank of Cyprus

Last Thursday, the Cyprus Bank Employees' Association (CBA) announced it had sold its shares in Hellenic Bank to Eurobank, but already, reports suggest ETYK, the Cyprus banking employees’ union, is eyeing its next investment....