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931. Cyprus housing crisis deepens amid interest rate scandal

With current interest rates, the prospect of repaying a mortgage spans nearly fifty years for an average family, turning homeownership into an elusive dream....

932. Life2vec, an AI algorithm, predicts your future with high accuracy

In a groundbreaking development, scientists have introduced an algorithm named 'Life2vec' that leverages personal life stories to forecast an individual's future, including potential lifespan. ...

933. PwC Cyprus hosts informative CESOP event on new VAT reporting obligation

PwC Cyprus successfully organized a pivotal event entitled ''A New Reporting Obligation on VAT'' at its state-of-the-art experience centre on Monday, 18 December 2023....

934. Minister upset as staff gaps widen

In its 2023 Employment and Social Developments in Europe (ESDE) report, the European Commission identifies major shortages in construction, healthcare, science, technology, and STEM (Science, Technology, Engineering, and Mathematics) occupations, spanning high, medium, and low-skilled roles...

935. Surge in Syrian asylum seekers amid drop in African arrivals

The Ministry of Interior disclosed an uptick in asylum applications from Syrians, predominantly arriving by sea, citing challenges in managing these individuals due to the perilous conditions in their home country. ...

936. Number of homeless people sees increase in 2023

Official data released to Parliament by the Deputy Ministry of Social Welfare, in response to a question from AKEL MP Nikos Kettiros, highlights a notable increase in individuals experiencing homelessness during the first half of 2023....

937. How much will Christmas dinner cost this year?

The Pancyprian Consumers Association has conducted a comprehensive survey, uncovering the estimated costs of Christmas tables for families in Nicosia....

938. Israeli investments raise eyebrows in occupied territories

The large-scale acquisition of land in the Occupied Territories by Israeli citizens and Europeans of Jewish descent is creating interesting dynamics within the Turkish Cypriot community, as well as in Turkish and Turkish Cypriot press reports....

939. Life expectancy in Cyprus drops amid COVID turbulence

Life expectancy in Cyprus took a hit, decreasing by a year, reveals the latest European Commission health profile. ...

940. EU Council and Parliament agree on landmark pact on immigration and asylum

The Council of the EU and the European Parliament reached an agreement on the new Pact on Immigration and Asylum, as announced by the Vice-President of the European Commission, Margaritis Schinas, speaking to K....

941. Labor Minister responds to industry staff shortages, urges caution in demands

In response to demands from employer representatives regarding staff shortages in retail, catering, and the hotel industry, Minister of Labour and Social Insurance, Yannis Panagiotou,...

942. Over 215M COVID vaccines trashed, €4B down the drain

In a concerning revelation, European countries have disposed of more than 215 million doses of COVID-19 vaccines, originally procured at the peak of the pandemic....

943. Preventive pediatrics expansion: Center takes on eight more diseases

''The CPP has been carrying out a project on behalf of the State for 35 years and covers the needs of the entire population of the country free of charge on a voluntary basis'', says Fotini Tsiridou, the president of the Association of Friends of the Center of Preventive Pediatrics ''Amerikos Argyriou'' and councillor of DISY, to ''K''....

944. Tatar's plea to Russia to reshape diplomatic landscape

"I would like to ask the Russian leadership and the Russian people to reconsider their policy on Cyprus, especially after what happened in Ukraine and what is happening in the world with a multitude of global changes," Turkish Cypriot leader Ersin Tatar told the Russian state news agency TASS - as reported by the latter....

945. Workforce crisis grips Cyprus as 12,000 job vacancies surge

In the hotel, catering, and retail sectors, an estimated 12 thousand personnel needs have prompted relevant professional associations to jointly appeal to the Ministry of Labour, seeking simplified procedures for hiring staff from third countries....

946. Online support surges for Nubz, the ''shoe-wearing'' chicken

In the picturesque town of Escondido, California, a captivating saga unfolds as a disabled Malaysian Serama chicken named Nubz finds his place in the hearts of the online community, all thanks to the compassion of dog walker Meech Davignon....

947. Themis Themistocleous signals potential 2024 interest rate cut

In their ''Year Ahead 2024'' forecast, analysts at Swiss financial giant UBS anticipate a slowdown in the strength of the US economy throughout 2023. ...

948. European data shows low interest payouts by Cypriot banks

Cypriot banks rank second to last among European banks in terms of paying interest on total household deposits, according to data released on Wednesday by the European Banking Authority (EBA), as part of its annual risk assessment of the European banking system....

949. Mall of Cyprus unveils extended free parking hours for Christmas

The Mall of Cyprus decided to extend the hours (from 2 to 4 hours) for free parking ahead of the festive period, as reported in «K» the marketing manager of the mall, Giorgos Pissis, noting that this decision started from 01/12 and is valid until 31/12....

950. One to three-star hotels dominate Greece’s accommodations

Three in four Greek hotels belong in lower categories of one to three stars, representing 50% of the country’s total capacity in terms of rooms, according to data from the Institute of Tourism Research and Forecasts (ITEP) of the Hellenic Chamber of Hotels....

951. Non-performing loans take a €95M dive

As of the end of September 2023, the total Non-Performing Loans (NPLs) in the banking system of Cyprus further decreased to €2.02 billion compared to €2.08 billion at the end of August. ...

952. How Cyprus and Chevron found common ground

The resolution of the dispute between the Republic of Cyprus and Chevron Cyprus Limited, the operator of the Aphrodite field, appears largely satisfactory to both parties....

953. Deloitte Cyprus CEO on 65 years, challenges, and future strategies

Deloitte Cyprus celebrates 65 years of presence on the island, playing a major role in the financial affairs of the state....

954. Makarios Avenue struggles to fulfill commercial expectations

Two years after the official opening of Makarios Avenue (8 December 2021), the commercial success of the street has fallen short of expectations,...

955. The overtime dilemma – George Vassiliou's proposal

Only a young John Kapodistrias, with his wit and cunning, can rescue this troubled land from the folly of officials and citizens....

956. New online service for 2024 European Elections

The Ministry of Interior announced on Tuesday the operation of the electronic information service for registration in the special electoral roll for the 2024 European elections of citizens, who reside in areas where the Government of the Republic does not exercise effective control. ...

957. Cyprus shines as one of Google's favorite travel searches in 2023

According to a report by cntraveller.com, Cyprus stands out among the destinations most sought-after on Google in 2023. This comes in a year that has seen a return to pre-pandemic levels....

958. Minors still held in adult prisons, urgent action needed

In a concerning development, legislation addressing the detention of minors in adult prisons remains stalled since 2021....

959. Controversy erupts as schools implement voucher scanning systems for needy students

The decision by certain schools to install systems for scanning vouchers of needy students, enabling them to receive their food, has sparked strong reactions....

960. Surge in bounced checks worth €1.6 million in 2023