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211. Cypriot brokerage firm probed for money laundering

French and American authorities have launched an investigation into a Cypriot brokerage firm, TCR International Limited, in conjunction with a branch of BNP Paribas, following suspicions of ''aggravated money laundering.''...

212. Christmas shopping sees supermarket surge, clothing decline

Christmas shopping in Cyprus saw contrasting results, with supermarkets experiencing a better turnout compared to the previous year, while clothing and footwear shops faced a decline, except for children's gifts....

213. As 2023 ends, banks and unions lock horns on pay structures

The banks and bank employees' unions are at odds over labor issues and the signing of new collective agreements. As we approach the end of 2023, no significant progress has been made in renewing collective agreements during the outgoing year....

214. Cyprus eyes new measures amid migration challenges

There may have been progress so far in the management of migration, according to figures released by the government these days, but this is mainly due to a sharp decline in the number of applicants from African countries, ...

215. 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. ...

216. Businesses to cut greenhouse gas targets by 10%

Businesses revise climate targets as reality of long-term sustainability transformation hits. Sustainability progress plateaus as short-term pressures and external forces hit CSO agenda....

217. Authorities probe infant abuse by unlicensed childcare worker

218. 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. ...

219. 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. ...

220. 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. ...

221. 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....

222. 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. ...

223. 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....

224. 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....

225. '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. ...

226. 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....

227. 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....

228. ''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....

229. 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....

230. 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....

231. 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....

232. 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....

233. 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. ...

234. 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....

235. 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. ...

236. 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....

237. 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....

238. 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, ...

239. 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. ...

240. 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)....