Search

391. Expanding Profitability and Strengthening Capital Position

Group Financial Results for the year ended December 31, 2022...

392. Cyprus' 2022 household assets reach €59.7B, debt at €20B

In December 2022, the total value of financial assets held by households was €59.7 billion. Out of this amount, 62% was invested in currency, deposits, and loans, 2% was allocated to debt securities, 19% was invested in stocks, and the remaining 17% was invested in other types of financial instruments....

393. Decline in asylum approvals in Cyprus in 2022

According to data from Eurostat, the statistical service of the EU, EU countries granted protection status to 384,245 asylum seekers in 2022, up 40% from the previous year. However, in Cyprus, there was a significant decrease in protection status, with only 580 cases being granted (compared to 2,305 in 2021)....

394. Police silent over alleged op to catch teen predator

Police declined to comment on an alleged kidnapping of two teenagers at a park in Nicosia, following reports that a boy and a girl accompanied by their parents filed a complaint that led to a failed undercover operation to catch a pervert...

395. Police suspect foul play in cryptic disappearance case

A local man who did time in a US prison and is also being accused of bitcoin theft in Cyprus has turned himself in, but he is reportedly not answering questions about the disappearance of a man whose torched vehicle was found in rural Nicosia last week...

396. The real estate industry's crucial turning point

The European Parliament recently approved a new bill that aims to tackle climate change by reducing carbon emissions. This new legislation has significant implications for the property markets in Cyprus and Greece, where there is a large stock of buildings over 30 years old and requiring energy upgrades....

397. 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". ...

398. Washington okays baby deal for Turkish F16

US President Joe Biden's administration is set to move ahead with the sale of a modernization package for Turkey's existing F-16 aircraft, after leaders of US congressional committees gave informal approval, but Turkey's request to buy billions of dollars worth of F-16s remains in limbo...

399. IMF projects steady GDP growth for Cyprus in 2023

The International Monetary Fund (IMF) maintained its projection for Cyprus’ economic growth in 2023 at 2.5% of GDP, while real GDP growth is expected to pick up pace in the next year....

400. 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....

401. Trump faces 34 felony charges but won't be handcuffed or have mug shot taken

Donald Trump will be placed under arrest today and informed that he has been charged with 34 felony counts for falsification of business records, according to a source who has been briefed on the procedures for the arraignment of the former president....

402. Another pedestrian dies in road accident

A family man trying to cross the road in Limassol early morning Saturday was killed when he was struck by a car, with police arresting the driver but then releasing him after admitting it was still unclear who was at fault...

403. 43% of motorcyclists who died in Cyprus in 2021 did not wear a helmet

According to a recent report by the European Transport Safety Council (ETSC), 43% of motorcyclists and moped users who died in road accidents in 2021 did not wear a helmet. ...

404. Mossad helps Greece make terror arrests

Greek police said on Tuesday they had arrested two men suspected members of a group that was planning an attack against a Jewish restaurant in Athens, a case which Israel said was orchestrated from Iran...

405. Questions emerge in delivery driver deadly crash

New information and some unknowns have emerged in Thursday’s deadly collision in downtown Nicosia, where a delivery driver from Bangladesh was killed when his path was blocked by a turning vehicle...

406. CBC estimates GDP growth at 2.6% in 2023

The Central Bank of Cyprus (CBC) has marginally upgraded its projections for GDP growth this year citing the slightly improved prospects in the external economic environment and the anticipated lower energy prices, amid the continued war in Ukraine....

407. Cliff death boyfriend walks free after police backtrack

A man who reported the cliff death of his girlfriend but became suspect based on a controversial forensic report walked free on Friday, after official results of a second autopsy rejected the investigators’ premeditated murder theory and stirred up debate on how Cyprus Police investigate cases...

408. High prices continue to plague the market

409. 'Cyprus banking system ready to absorb shocks'

Tasos Yasemidis, an economist, spoke to "SPOR FM 95.0" and the "DIASPORA NEWS" show about the deal for the acquisition of Swiss bank Credit Suisse by UBS and how it affects the banking sector in Cyprus, ...

410. Job vacancies declined by 18.9% to a total of 7,821

The number of job vacancies in the 4th quarter of 2022 decreased by 1,822 (-18.9%) compared to the same quarter of the previous year when the number was 9,643....

411. Credit Suisse borrows more than $50 billion from Swiss National Bank

Credit Suisse’s shares soared 30% on Thursday after it announced it would move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank, bolstering confidence as fears about the banking system moved from the U.S. to Europe....

412. Expert says cliff death accident story checks out

Cyprus Police are rolling back statements on a murder investigation in the cliff death of a Ukrainian woman, after a private forensic examiner tasked by the suspect announced to the media that his client’s version of events about a tragic accident checked out...

413. 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....

414. Suspect in cliff death disputes forensic report

The main suspect in the cliff death of a Ukrainian woman has denied wrongdoing and further called for a private forensic expert to conduct a second post mortem, after state pathologists suggested there were signs his girlfriend had been raped and strangled to death...

415. Real estate trends in 2023

Increased inflation, rising interest rates, rising building costs, rising property values, a slight decline in new development approvals, a slight decline to stabilization in the unemployment rate, a slight increase in GDP, and a slight decline in private lending are just a few indicators of the (very) general economic picture....

416. Boyfriend arrested in woman’s cliff death in Paphos

A man who says his girlfriend slipped and fell to her death in coastal Paphos over the weekend has been arrested on premeditated charges, after a post mortem showed injuries inconsistent with a free fall...

417. 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....

418. Consumers cutting back on non-essential items as cost of living rises

As the cost of living crisis continues to rise globally, consumers have drastically adjusted their spending behaviors, with the majority (53%) of global consumers “holding back” on non-essential spending. ...

419. Charred body in Nicosia home still a mystery

Police say they are still investigating a house fire in Nicosia that took place on Tuesday night, when fire fighters discovered a charred body inside an abandoned property while another man was at the door gasping for air...

420. Russia suspicious of reports on Nord Stream culprits

US and German media reports that Ukrainians or pro-Ukrainians might have blown up the Nord Stream gas pipelines last year were taken with a grain of salt in Russia, with Moscow doubling down on calls for a UN-led investigation...