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211. Trump chooses JD Vance as Vice President for 2024

Donald Trump announced Sen. JD Vance of Ohio as his vice-presidential running mate on Monday, marking the start of the Republican National Convention....

212. New Lidl store at Neon Mall of Pafos

Lidl Cyprus opens its 21st store and extends its commitment towards high quality, affordable prices and an upgraded shopping experience....

213. Cyprus surges in high-speed internet and tech jobs

Cyprus is making notable progress in its digital transformation, with coverage of very high capacity networks (VHCN) reaching 77.1% in 2023, a 28.5% increase from the previous year, according to the Deputy Ministry of Research, Innovation, and Digital Policy....

214. Cyprus boomed in 2022 with more jobs and better services

Cyprus saw a widespread boost in economic activity last year, according to the latest Services and Transport Survey by Cyprus' statistical agency....

215. Cyprus tourism faces €25 million Hit

The president of the Cyprus Hotel Association (PASYXE), Thanos Michaelides, has highlighted the urgent need to extend the tourist season and increase the number of year-round hotel operations. ...

216. 'Land of Tomorrow' set to transform Larnaca's coastline

The coastal community development project, ''Land of Tomorrow,'' is set to transform the industrial image of Dhekelia in Larnaca into a modern and sustainable urban environment. ...

217. Cyprus sets course for cheaper electricity in 2025

Energy, Commerce, and Industry Minister George Papanastasiou unveiled Cyprus' ambitious plans for the Electricity Authority of Cyprus (EAC) during a press conference in Nicosia on Tuesday. ...

218. No progress on Cyprus-Greece electricity interconnection project

No progress was made on the Cyprus side's position regarding the Crete-Cyprus electricity interconnection project during yesterday's teleconference, initiated by the European Commission and involving stakeholders from Greece and Cyprus....

219. Cyprus grapples with energy future amid interconnector debate

The Cyprus Energy Regulatory Authority (CERA) has summoned ADMIE, the country's electricity grid operator, for a crucial meeting on July 15 to discuss new data that could potentially alter a decision barring charges to Cypriot consumers ahead of the Great Sea Interconnector project's implementation....

220. Burberry announces hundreds of redundancies following share price drop

British fashion house Burberry is set to make hundreds of redundancies after a significant drop in its share price. The layoffs will primarily affect employees in the UK, according to a report by the Telegraph....

221. Cyprus charts course for 2025 budget surplus

President Nikos Christodoulides announced during a Cabinet meeting on Monday that the government is on track to achieve a budget surplus for the fiscal year 2025....

222. Christodoulides: ''We cannot accept the 28 migrants in the buffer zone''

The President of the Republic stated, ''We cannot accept the 28 migrants in the buffer zone because we cannot allow the creation of a new migrant route.''...

223. Cyprus banks receive upgrades, signal economic resilience

In a series of significant upgrades for Cypriot banks, Fitch Ratings has elevated the Bank of Cyprus and Hellenic Bank's credit ratings, underscoring a positive trajectory for the country's financial sector, according to a report by Panayiotis Rougalas in this Sunday's Kathimerini....

224. Accurate dating of Kyrenia shipwreck confirmed

Using various lines of evidence researchers have determined that the Kyrenia shipwreck had been constructed between about 345-313 BC and sank between about 286-272 BC......

225. Surge in corporate loans despite interest rate hike

The Central Bank of Cyprus has released its latest data revealing notable shifts in financial trends for May 2024. Despite a 0.52% uptick in lending rates for non-financial corporations borrowing amounts over €1 million, new loans to these entities surged by 10% compared to the previous month. ...

226. Disney heir withholds donations, backs Harris over Biden

In the aftermath of the first debate of the 2024 presidential campaign, Democratic circles are grappling with heightened concerns following calls for President Joe Biden to withdraw from the race....

227. Cyprus requests €89.2M in EU grants for recovery plan

The European Commission received a payment request on Thursday from Cyprus for €89.2 million in grants, netting €76.9 million after pre-financing....

228. Greece bucks trend with six-day work week

Greece has introduced a six-day working week for certain businesses in an effort to increase productivity and employment, according to a report by CNBC. ...

229. Green Line: Trade and crossings surge, irregular migration declines

Trade and personal crossings across the Green Line in Cyprus saw significant increases in 2023, while irregular migration dropped by more than 50%, according to the annual European Commission report on the implementation of the Green Line Regulation published Thursday....

230. Cyprus-linked firms and individuals added to new sanctions list

The United States announced new sanctions on Wednesday, targeting individuals and companies linked to Cyprus as part of its ongoing efforts to counter Russian aggression. ...

231. Fikardos Winery: Crafting award-winning Cypriot wines

232. Cyprus joins European effort to combat desertification in rural areas

Cyprus participates in a new project aimed at combating desertification in rural areas of Southern Europe and Northern Africa, the Cyprus Institute said in an announcement on Thursday....

233. Reflect Festival highlights traffic and housing challenges in Limassol

The recent Reflect Festival brought forth crucial discussions on pivotal issues affecting Limassol, prominently featuring traffic congestion and housing shortages as central topics. ...

234. Politico: Is Brexit's peak over? UK faces calls to rejoin EU

British voters are gearing up for their first post-EU general election this Thursday, marking a significant milestone since Brexit....

235. CBC to keep dividends low despite bank profits

The increased profitability of Cypriot banks, will not affect the supervisory authorities’ views over the necessity to maintain a prudent policy with respect to banks’ dividend payments, the Central Bank of Cyprus said in its annual report for 2023, published on Wednesday....

236. Dior bags assembled for €53, sold at €2,600

Italian authorities have uncovered stark realities behind the glitz of fashion catwalks and luxury boutiques during recent raids on local factories and workshops involved in the production of Dior and Armani handbags....

237. ECB concerned over Cypriot bank profit tax proposal

In 2023, Cypriot banks reported unprecedented profits, marking a 15-year high, with projections suggesting even greater earnings in 2024....

238. Fitch elevates Hellenic Bank’s credit rating

Fitch Ratings has upgraded Hellenic Bank's Long-Term Issuer Default Rating (IDR) to 'BBB-' from 'BB+', with stable outlook and its Viability Rating (VR) to 'bbb-' from 'bb+'. ...

239. Cyprus and U.S. celebrate strengthened ties at U.S. Independence Day event

The 248th anniversary of U.S. Independence was marked with a grand celebration hosted by the U.S. Embassy in Nicosia on Tuesday evening....

240. President announces €10 Million boost for Cyprus tourism

President Nikos Christodoulides announced a €10 million increase in the 2025 budget for the Deputy Ministry of Tourism to enhance Cyprus's international promotion....