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1471. Banks and artificial intelligence

Artificial intelligence is a technology that is based on a machine's ability to perform procedures and make decisions based on data analysis and learning....

1472. High prices continue to plague the market

1473. Cocaine use in Cyprus low compared to European average

Larnaca and Limassol have the highest use of methamphetamine in Cyprus, according to a study conducted by the European Monitoring Centre for Drugs and Drug Addiction....

1474. Herodotus to banks on restructuring, interest rates and transparency in charges

The Governor of the Central Bank, Constantinos Herodotou, emphasized to the Senior Executive Directors of licensed credit institutions the importance of the timely provision of viable restructurings, as well as the assessment of their data regarding the level of their deposit rates....

1475. BBC staff urged to delete TikTok app

The BBC said Monday that it had told staff to delete the Chinese-owned video app TikTok unless it was needed for business reasons, with Western institutions increasingly taking a harder stance over data collection fears....

1476. Construction materials up by 10.73% in February 2023

The Price Index of Construction Materials for February 2023 reached 136.10 units (base year 2015=100), recording an increase of 10.73%, according to data published by the Statistical Service of Cyprus on Monday....

1477. Mobile traffic cams set to be fully operational on Wednesday

Cyprus’ data protection Commissioner has approved the use of mobile traffic cams on vehicles after Brink’s and Conduent identified the need for closed circuit traffic surveillance...

1478. Travel between US and Europe increased by 87% in February 2023

The recent data released from the International Trade Administration (ITA) has revealed that international air travel to and from the United States and Europe saw an increase of 87.1 percent in February 2023,...

1479. UK to require travel authorization from Nov 2023, exempting EU citizens

The United Kingdom authorities have announced that the country will introduce a travel authorization requirement – the Electronic Travel Authorisation (ETA) – in November 2023, but this will not apply to EU nationals until next year....

1480. Inflation sees downward trend for 7th month in a row

The cost of living in Cyprus has decreased for the seventh month in a row, with the rate of inflation dropping to 6.7% in February. This is down from a peak of 10.6% in July 2022. ...

1481. Majority of goods transported by sea in Cyprus and the EU in 2021

In 2021, maritime transport accounted for more than two-thirds (68%, 5 135 billion tonne-km; tkm) of the EU’s freight transport, the lowest share recorded in the past decade according to data released by Eurostat, the statistical service of the EU....

1482. Health Ministry confirms typo led to confusion over 8-Year-old's flu death

The Ministry of Health has confirmed that a typographical error in its database was responsible for the incorrect news that an 8-year-old girl had died from Influenza A....

1483. Greece accuses woman of being Russian spy

Greece’s National Intelligence Service is accusing a shop owner in Athens of being a Kremlin asset, as security services throughout Europe have been cracking down on alleged Russian spies dubbed the 'illegals'...

1484. Eurostat: Women continue to outlive men in Cyprus

In 2021, life expectancy at birth was 81.3 years in Cyprus and 80.1 years in the EU according to data published by Eurostat....

1485. Death toll from flu cases at 14, including an 8 year old girl

Fourteen people have died from Influenza in Cyprus this winter, among them an 8-year-old girl, who passed away at the Limassol General Hospital, after being treated in the Intensive Care Unit....

1486. Partnership between New York Times and Kathimerini turns 25

Aristides Alafouzos, the late owner of Kathimerini, loved challenges. In 1988, a critical period for the Greek press, he bought Kathimerini, ensuring that the prestige and integrity of this historic newspaper would be preserved. ...

1487. Petrol stations open their doors to electric mobility

Petrolina Holdings Public announced last month the installation of the first state-of-the-art electric vehicle rapid charging charger at its petrol station in Larnaca's GSZ district....

1488. Deportation scheme agreed upon by EU interior ministers in secret

A report published by Statewatch and Heinrich Böll Stiftung has revealed that the European interior ministers signed a secret joint statement last year that committed EU/Schengen Area countries to increase financial as well as material support for deportations from the Balkans....

1489. EAC maintains dominant position in Cyprus' energy production market

The highest electricity market share in the EU was recorded in Cyprus (88%), reflecting the dominance of the Electricity Authority of Cyprus in the country’s energy market, Eurostat data published on Tuesday show....

1490. DiCarlo seeks way forward in divided Cyprus

United Nations Under-Secretary-General for Political and Peacebuilding Affairs Rosemary DiCarlo said she is eager to discuss with the Greek Cypriot and Turkish Cypriot leaders the way forward on the Cyprus issue...

1491. Trade deficit increased by 163.5% in January 2023

A large increase was recorded in the trade deficit in January 2023 according to preliminary data published on Monday by the Statistical Service, since the increase in imports was more than three times the increase in exports....

1492. Banks around the world feel force of SVB fallout

U.S. President Joe Biden vowed to do whatever was needed to address a threatened banking crisis after the collapses of Silicon Valley Bank and Signature Bank forced regulators to step in with emergency measures....

1493. Price of eggs in Cyprus up by 23%

According to data released by Eurostat, food prices have significantly risen in 2022....

1494. Number of children being investigated for sexual abuse in Cyprus still high

The number of children referred for investigation for sexual abuse has remained consistently above 400 for the past two years, according to the "Hope For Children" CRC Policy Center (HFC), ...

1495. Russians top list of property buyers in the first months of 2023

Russian nationals were by far the largest group of foreign real estate buyers in Cyprus during the first two months of 2023, according to data by the Department of Lands and Surveys,...

1496. Digital app to compare product prices in the works

Following the withdrawal of the Household Basket proposal in Cyprus, the Consumer Protection Service is now promoting the preparation of a bill for the implementation of a digital tool that will enable the daily comparison of retail prices of products....

1497. Cypriot law enforcement to shed Schengen’s lone sheep status

Justice Minister Anna Koukkides-Prokopiou has said she is pleased with the launch of the Schengen Information System (SIS) and the fact that the Republic of Cyprus will be able to have access to the system starting from the end of July. ...

1498. Investigation into understaffing in the tourism industry is imminent

The start of the summer travel season is anticipated to occur around the end of March or the beginning of April, along with the reopening of hotel facilities that were closed during the winter....

1499. Complaints against lawyers increased in 2022

There has been an increase in the number of complaints filed against lawyers, which have been reviewed by the Cyprus Bar Association's Disciplinary Council. ...

1500. Cyprus GDP and employment up according to Eurostat

Both GDP and employment increased during the 4th quarter of 2022 compared to the previous quarter in Cyprus, while in the eurozone GDP remained stable and employment increased and in the EU GDP fell and employment increased, according to estimates released by Eurostat, the statistical service of the EU....