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361. Authorities probe infant abuse by unlicensed childcare worker

362. 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. ...

363. 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. ...

364. The climb to success in the public sector pay scale

The Ministry of Finance has officially disclosed the main provisions of the agreement reached with trade unions PASYDY and FCC, outlining significant salary advancements for public and broader public sector employees, including those within Local Government Authorities. ...

365. Occupied territories witness a 33% surge in visitors

In the first 10 months of this year, the influx of visitors to the occupied territories through land entry points and ports saw a remarkable increase of 33% compared to the corresponding period last year, totaling 1,520,604 individuals....

366. Cyprus economy receives positive rating boost

Fitch, the International Rating Agency, upgraded Cyprus' long-term rating to positive, citing economic resilience and fiscal strength. The agency affirmed the 'BBB' rating, previously upgraded in March 2023. ...

367. Government employment hits record high

In ongoing discussions about new hires and the 2024 budget in Parliament, the focus is on the remarkable increase in government employment, surpassing levels from 2012....

368. Hunter Biden indicted on tax charges amid intensifying legal woes

Hunter Biden, the son of President Joe Biden, faces new legal challenges as he was indicted on Thursday on nine tax charges in California. The charges, comprising three felonies and six misdemeanors, are in addition to federal firearms charges in Delaware....

369. 'Ktrends' survey reveals public dissatisfaction with Cyprus government

In a recent economic survey conducted by ''Kathimerini,'' the fifth wave of ''Ktrends'' highlights notable trends in economic, household, and market dynamics for October 2023. ...

370. Cyprus records remarkable 6.7% jump in industrial index

The latest data from the Industrial Turnover Index for September 2023 show an annual increase of 0.6%, reaching 206.6 units (base 2015=100), compared to the figures recorded in September 2022....

371. Cyprus reports significant drop in joblessness

The latest data released by the District Labour Offices indicate a notable decline in registered unemployment rates for November 2023, both on a monthly and on a yearly basis....

372. ''The path to fighting inflation is difficult''

In an insightful dialogue about the economic landscape, Joachim Nagel, a prominent figure in the financial realm and a member of the ECB Governing Council, shares his perspectives on inflation, interest rates, and the challenges facing the European economy....

373. Mortgage rates soar to 4.91%, deposits decline in October 2023

Mortgage interest rates in Cyprus climbed to 4.91% in October 2023, according to data released by the Central Bank of Cyprus in its November 2023 edition of Monetary and Financial Statistics....

374. Citizen pays 500 euros fine in coins at Limassol court

In an extraordinary turn of events at the Limassol Court on Tuesday morning, a routine fine payment took an unexpected and unconventional route, leaving court officials and onlookers in disbelief....

375. Cyprus faces surging fox population

The fox population in Cyprus is increasing this year with its presence being felt both in the countryside and in the city centers....

376. France's controversial anti-smoking campaign sparks debate

France is set to intensify its battle against smoking, with Health Minister Aurelien Rousseau announcing a comprehensive anti-smoking program....

377. Cyprus allocates 65M euros for diverse tourism initiatives in 2024

The National Tourism Strategy's update has recently concluded, announced by Deputy Minister Kostas Koumis, known as "K." This undertaking commenced shortly after his assumption of office in March 2023, with an initial target to finalize it by the year's end. ...

378. Royal identity exposed in Sussex racism scandal book

The Dutch release of "Endgame" by Omid Scobie faced an abrupt removal from bookshelves due to a critical detail not found in any other edition....

379. City of Dreams Mediterranean faces bumpy start with 181 job losses

In a stark indicator of the challenges facing the Limassol casino-resort, the recent dismissal of 181 employees reveals significant issues four months after its grand opening. ...

380. Declines in kerosene and heating gasoil offset by surges in aviation fuel sales

Sales of Cyprus’ petroleum products recorded a 1.3% decline in October 2023, totaling 130,677 tonnes, marking a downturn compared to the same month in 2022....

381. The complex effects of screens on kids' brain functions

In a comprehensive study spanning 23 years and involving over 30,000 children under 12, researchers discovered that prolonged screen exposure induces significant changes in various brain regions....

382. South Korea breaks with tradition, announcing plans to ban dog meat consumption

South Korea is set to ban eating dogs by 2027, according to the policy chief of the ruling People Power Party, Yu Eui-dong. At a meeting with government officials and animal rights activists, ...

383. Cyprus' robust 11.8% surge in household spending defies EU norms

In 2022, Cyprus experienced a notable 11.8% increase in household final consumption expenditure compared to the previous year, surpassing the EU's overall growth of 4.7%, as reported by Eurostat. ...

384. Cyprus sees drop in savings to 6.5%, Eurostat highlights

Saving rates were significantly lower than in 2021 (13.47 in Cyprus, 16.4% in the EU), and closer to the values before COVID-19 pandemic (5.8% in Cyprus and 12.3% in the EU in 2019)....

385. Swedish media exposes Sizopoulos's tie to 'golden passports' scheme

In a joint investigation, Göteborgs-Posten and OCCRP shed light on EPP President Marinos Sizopoulos's connection to the 'golden passports' scandal....

386. Cyprus gets BBB+ boost in latest ratings, but challenges persist

The German Scope Ratings have given a positive sign for Cyprus by upgrading the country to BBB+ last Friday from the previous BBB while keeping the outlook of the economy stable. ...

387. Consumers asked to roll with it as toilet paper surges and fresh fish takes a dive

In October, the cost of toilet paper surged by 17.4% compared to September, while fresh fish prices experienced a corresponding decrease of 17.4%, as per the Consumer Protection Agency's Consumer Price Watch report. ...

388. No direct intervention in Israel conflict, says Iran's leader

Ayatollah Ali Khamenei says Iran will continue supporting Hamas but will not intervene directly - Office of the Iranian Supreme Leader Iran’s supreme leader told the head of Hamas in a face-to-face meeting in Tehran that his country would not enter the war with Israel and accused the terror group of not giving any prior warning of the Oct 7 attacks....

389. Master the art of Black Friday shopping

As the Black Friday tradition, originating in the 1960s in the United States, ushers in the Christmas shopping season, Cypriots face unique economic challenges....

390. BOC reports €349M in profits, plans employee bonuses for 2024

In a significant financial turnaround, Bank of Cyprus reported a notable profit of €349 million for the nine months ending September 30, 2023, marking a substantial improvement from the €19 million loss in the same period last year. ...