Search

31. Heavy rain hits Kornos, underpass bridge shuts down

The Kornos underpass bridge faced another bout of flooding, leading authorities to close it for traffic due to heavy rainfall....

32. Mega investments and unanswered questions

In the realm of business expansions and openings, an intriguing anomaly surfaces—the apparent lack of foresight. Take, for instance, multi-million investments requiring a substantial workforce. ...

33. No plans to cut interest rates amid inflation worries

The perspective advocated by many young individuals, endorsing a declaration of victory over inflation, is articulated by Dr. Jensen, the president of the German Bundesbank....

34. Black Friday blues as HSBC goes down on biggest sales day of the year

On Black Friday, thousands of HSBC customers in the UK reported difficulties accessing mobile banking services, causing disruptions for those seeking to make purchases amidst retailer discounts. Downdetector, a website tracking service, recorded over 4,100 complaints regarding the malfunctioning banking app....

35. Cyprus eyes $1.22 billion for electric cars

Cyprus is set to undergo a transformative phase with its revised Recovery and Resilience Plan, valued at $1.22 billion....

36. Cyprus' certifiers clash over their official stamp

Tensions are escalating between the Ministry of Interior and certifying officials in the Republic of Cyprus, as a dispute erupts over uncontrolled certifications, misuse of the nation's coat of arms seal, alleged forgeries, undeclared income, and certifying officials who stand accused of rejecting complaints lodged against them....

37. Cyprus Airways say 'bonjour!' with its new Nice route

Cyprus Airways is set to launch a new route to and from Nice on December 12, announced by the airline's Commercial Director, Christos Limnatitis, during an interview on DIASPORA NEWS on the SPOR FM channel....

38. Protesters in Nicosia march for freedom for Palestine

A protest in the heart of Nicosia saw demonstrators take to the streets with a resounding message: "Not in Our Name! Stop the Genocide! Freedom for Palestine!" ...

39. Minister vows 'smart lights' rule over timers

In a recent presentation of the Ministry of Transport's 2024 budget to the Finance Committee, Minister of Transport, Alexis Vafeadis, categorically stated that there will be no timers installed at traffic lights until at least March or April 2024. ...

40. Island braces for thunderstorms

The Meteorological Service has issued a yellow warning for today, effective from 10 AM until 6 PM, indicating potential weather disruptions on the horizon....

41. Gatwick airport cuts flights amid covid outbreak

42. Limassol braces for migration protests

Law enforcement authorities are on high alert as planned protest events regarding the migration issue are scheduled for today and tomorrow in Limassol. This comes in the aftermath of recent events in Chloraka....

43. Electricity supply disruption leaves occupied areas in darkness

In a recent development, several regions within the occupied territories are currently facing power outages due to a disruption in the electricity supply originating from the Electricity Authority of Cyprus (EAC), according to reports in the local Turkish-Cypriot newspapers....

44. EuroAsia interconnector loan denied by European Investment Bank

The European Investment Bank will not approve a loan for financing the electricity interconnection project between Cyprus, Greece, and Israel through the EuroAsia Interconnector, as confirmed by a representative from the EIB in an interview with "K" magazine....

45. Naked man creates commotion in Nicosia

In a shocking turn of events, a 35-year-old man of African descent caused significant unrest when he was observed walking completely naked in the bustling center of the capital on Monday, June 26. ...

46. Self-service kiosks to capture fingerprints

According to a report from Greek City Times, a recent development in travel regulations will require holidaymakers visiting EU countries, including popular destinations like France, Spain, Greece, Turkey, and Italy, to provide their fingerprints....

47. Cyprus slips in global competitiveness rankings for third consecutive year

Cyprus has experienced a decline in its global competitiveness for the third consecutive year, dropping from the 40th position to the 45th out of 64 countries in the IMD World Competitiveness Center rankings....

48. Rights violations raise concerns amid sanctions

The Pancyprian Bar Association has expressed growing concerns over the violation of fundamental rights of both individuals and legal entities affected by the recent restrictive measures and sanctions imposed on April 12, 2023....

49. 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. ...

50. Train crash suspect 'devastated'

The station master who faces manslaughter in Greece’s deadly rail collision is devastated and accepts responsibility, says his lawyer, while pointing out that others are also responsible for the disaster...

51. Death toll rises to 57 in Tempe tragedy

The death toll from the tragedy in Tempe has risen to 57, according to statements by Rubini Leontari, head of the forensic service of Larissa....

52. Dozens of complaints about elderly patients tied up and denied food or water

The head of the Cyprus Federation of Patients' Associations (CPA), Marios Kouloumas, has revealed dozens of complaints about elderly patients in hospitals being neglected....

53. EY presents report on the Future of Banking in Cyprus

The report showcases the importance and contribution of Cypriot banks to the wider economy and society, and identifies current and upcoming challenges and opportunities...

54. PWC survey: Seven out of ten CEOs are pessimistic about 2023

According to the 26th Annual Global CEO Survey conducted by PwC between October and November 2022, nearly three-quarters (73%) of respondents expect global economic growth to slow over the next 12 months....

55. Looking ahead to 2023: House prices in Cyprus

The end of 2021 saw Europe’s and Cyprus’ economies gradually recovering from the two-year rollercoaster ride of lockdowns, the stock market at record highs, and inflation increasing....

56. Finance Ministry: 'Cyprus economy will not enter a recession'

There will be a significant slowdown in economic activity next year, we will be affected by increased energy prices and borrowing costs, but "inflation in Cyprus is being reined in at lower levels" compared to other European member states, ...

57. Small number of banks meeting new loan demand

The net demand for loans from businesses in Cyprus decreased in the third quarter of 2022, and banks anticipate a similar decline in the net demand for loans from businesses and households in all loan categories in the fourth quarter of 2022 compared to the third quarter. ...

58. Slower economic growth expected towards end of year

The Cypriot economy is expected to slow down towards the end of 2022 after growing steadily during the first half of the year, according to the chapter on Cyprus from the European Commission’s Autumn 2022 Economic Forecast which was presented on Friday by Commissioner for the Economy Paolo Gentiloni....

59. Metsola: 'Europe's bloc is made stronger by the discovery of so much natural gas in your country'

In anticipation of Roberta Metsola's visit to Cyprus on September 9th, Kathimerini's George Kakouris sits down with the European Parliament President and gets her take on the Cyprus problem, recently discovered natural gas reserves and the issue behind Cyprus' "golden passport" scandal....

60. What is causing the unexpected drop in global food prices?

Six months after Russia's invasion of Ukraine, the inflationary shock is still causing a "headache" for markets, government staff and households, with the price of natural gas hitting new record levels yesterday....