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151. Cyprus rcords remarkable 17.4% decrease in registered unemployed

In October 2023, the number of registered unemployed persons in Cyprus exhibited a significant decline, marking a 17.4% decrease, equivalent to 1,951 individuals, as reported by the Statistical Office. ...

152. Limassol's real estate boom registers €310M in property sales for Q3 2023

Ask Wire, a real estate and technology expertise company, has conducted an analysis and presented data on property sales in the Limassol district for the third quarter of 2023. ...

153. Annual inflation drops to 3.3% in October

Annual inflation in Cyprus is projected to decrease to 3.3% in October 2023, a drop from 4.3% in September, as per preliminary estimates released by Eurostat, the statistical agency of the European Union....

154. Which European country bears the brunt of energy costs?

The pre-tax prices of electricity and natural gas soared after Russia's full-scale invasion of Ukraine, but they're now on the decline. Although slightly higher than the second half of 2022, the final prices for customers, including taxes, reached their peak in the first half of 2023....

155. Dust and showers in the forecast

Today, Tuesday, the weather in our region promises a mix of conditions. Expect partly cloudy skies with the presence of occasional sparse dust in the atmosphere. ...

156. Key economic issues dominate the headlines

Despite various actions taken and a decrease in inflation, there are worries about the central bank's ability to achieve its goals. Some experts suggest that the target of 2% price growth, ...

157. Tightened lending criteria and reduced loan demand in Q2 2023

During the second quarter of 2023, lending criteria for both businesses and households in Cyprus remained stringent, with banks exercising caution....

158. Property sales surge to 15-year high due to foreign buyers

Residential property sales in Cyprus hit a 15-year record high in the second quarter of 2023, with significant increases in prices, according to data released by the Central Bank of Cyprus....

159. Cyprus deposits bounce back with €87.7 million growth

Total deposits recorded a noteworthy uptick in September 2023, rebounding from two consecutive months of decline, according to data released Wednesday by the Central Bank of Cyprus....

160. Cyprus tops EU in export growth with 55.2% surge in August 2023

Cyprus has taken the spotlight as the European Union's top performer in export growth, with a remarkable 55.2% surge in exports during August 2023 compared to the same period in 2022, according to Eurostat, the EU's statistical service....

161. Cyprus sees drop in poverty risk, 4,000 fewer affected

In 2022, the proportion of Cyprus's population facing the risk of poverty or social exclusion showed a decline, falling to 16.7%, down from 17.3% in 2021. This reduction indicates a decrease of about 4,000 individuals at risk of poverty or social exclusion....

162. High-ranking officer's connection to organized crime exposed

Nikos Loizidis, the president of the Police Force branch of the Equality Guild, has raised serious concerns about a member of the authority responsible for investigating complaints and allegations against the police....

163. 4-day workweek success and AI's future impact, according to an EY veteran

Riaz Shah, a four-decade member of EY (Ernst & Young), now engaged in global projects, with a particular focus on education and startup entrepreneurship, took center stage at the 6th Digital Agenda Cyprus Summit....

164. Suspense builds as foreclosure deadline nears, and creditors seek solutions

Cyprus is nearing the end of the suspension of divestments of primary residences worth up to 350 thousand euros, but a solution remains elusive regarding open funds tied to the divestment framework. ...

165. Cyprus leads EU in asylum seeker returns, 4th in deportations

Cyprus ranks first among the EU member states in the percentage of returns on new asylum seekers applications, Interior Ministry announced Thursday....

166. Fuel prices set to drop over the next 24 hours

In an upcoming change for motor fuel consumers, reductions in fuel prices are anticipated to take effect starting tomorrow and persist for the next 24 hours....

167. Thunderstorms to rumble across the island

168. Sales surge by 14.2% despite 2022 comparison

In September, traditionally considered the start of the year for many, several significant trends are emerging....

169. Tourists spend over €1.5 billion, setting new high

The most recent data from the Statistical Service regarding tourism revenues are confirming expectations, as expressed by Deputy Minister of Tourism Kostas Koumis in a recent interview with "K". It appears that this year could potentially set a new record for tourism revenues....

170. Keep an umbrella handy!

In the region today, the influence of a weakening high-pressure system is making its presence felt, resulting in a diverse weather pattern....

171. Cyprus banks secure Moody's upgrade to investment status

After 12 years, Moody's has upgraded the ratings of Cyprus' two major banks, Bank of Cyprus and Hellenic Bank, placing them in the investment category....

172. House prices hold ground with annual gains

House prices were up on an annual basis in the second quarter of this year but remained more or less stable on a quarterly basis, a preliminary estimate released by the Cyprus Statistical Service on Tuesday shows....

173. Inflation fears and green investments

The European Central Bank (ECB) has revised its inflation forecast upward, now predicting that inflation will reach 5.6% in 2023 and 3.2% in 2024. ...

174. 25 new asylum examiners to speed processing and deter migrant arrivals

The Asylum Service of Cyprus has taken a significant step to enhance the efficiency of processing asylum applications by appointing 25 additional asylum examiners, according to Minister of Interior Constantinos Ioannou....

175. Skyline set to sizzle at 30°C

Today, Cyprus anticipates scattered showers along with varying temperatures across the island. The atmosphere will also experience sporadic dust concentrations....

176. August 2023 petroleum sales up 2.3%

The total sales of petroleum products amounted to 124,832 tonnes in August 2023, recording an increase of 2.3% compared to August 2022, according to data published by the Statistical Service on Wednesday....

177. Loans gain €8.5 million momentum

Total loans in August recorded a net increase of €8.5 million, following a significant decrease of €100 million the previous month. Meanwhile, for a second consecutive month, deposits saw a net decrease, amounting to €175.5 million....

178. Just a breath away from a new tourism record

Hermes Airports statistics reveal that August achieved an unprecedented milestone in air traffic, with a total of 1.516 million passengers. When examining this figure in terms of arrivals and tourist arrivals, it amounts to 511,387 arrivals. ...

179. Keravnos expects more from banks to boost Cyprus economy

The Cyprus economy has proven its resilience in recent years, Finance Minister Makis Keravnos said Tuesday at the 4th Conference "Banking System: New Challenges and Opportunities", that takes place in Nicosia, noting that there are still challenges that the banking sector must address....

180. GHS welcomes Ygia Polyclinic

On Monday, September 25, 2023, the "" Polyclinic officially became part of the General Health System, offering inpatient care and a First Aid Department...