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931. Rapid expansion for Cyprus Airways

Cyprus Airways in the first half of 2023 carried a total of 260,000 passengers marking a steep increase of 300% year on year, while it doubled its operations compared with June of last year....

932. A long journey always begins with a small step

The many crises the EU has been facing recently should not let us forget the ongoing pain caused by the open wound of Cyprus’ division....

933. Primetel assures unchanged services amidst administration

Primetel continues to own the rights to Omonia Nicosia and AEK Athens, as before, Primetel manager Marios Kallias clarified while speaking to K. As he said, nothing changes, not only for TV rights but for all issues and all services that the company provides....

934. Telecom giant Primetel faces administration

In a recent development, Primetel, a prominent telecommunications company, has entered administration. The company officially informed the Office of Electronic Communications and Postal Services about this significant change in its status....

935. Concerns over food crisis and rising prices

The head of the Competition Division of the Consumer Protection Agency at the Ministry of Commerce, Aliki Iordanou, stated that there has been no increase in product prices despite the zero VAT rate....

936. Cyprus' cheapest petrol stations revealed

In Cyprus, the average price of unleaded petrol 95 stands at €1.381 per litre, with the lowest cost recorded at €1.323 per litre and the highest at €1.438 per litre....

937. Platres Mayor proposes university units in Troodos

Panagiotis Papadopoulos, the Mayor of Platres and President of the Troodos Network, recently spoke on SPOR FM's DIAPORA NEWS show to discuss the development of university units in Troodos, the region's economic and touristic enhancement, job opportunities, and this year's tourism trends....

938. Brexit regrets: The UK's changing tune on EU exit

British nationals are expressing increasing regret over the decision to leave the European Union, according to a recent YouGov survey. Despite Prime Minister Rishi Sunak's claims that Brexit brought benefits to the UK, over half of the population would now vote to remain in the EU if a referendum were held again....

939. Global economy faces $590 trillion storm

A $590 trillion storm threatens the global economy as rising interest rates make more corporate debts problematic. ...

940. NPL crisis highlights tug of war between borrowers and legislation

The concealment, or "camouflage," of non-performing loans (NPLs) in commercial banks before 2013 and their subsequent explosion have been, and may continue to be, the most significant challenge for the Cypriot economy. ...

941. EuroAsia Interconnector secures record-breaking contract

Paris-based Nexans will undertake the construction and installation of the High Voltage Direct Current (HVDC) Cable Systems, marking a significant milestone in the EuroAsia Interconnector project. ...

942. Erdogan's diplomatic efforts in Gulf region

CONSTANTINOPLE - REPORT: With the aim of attracting capital worth 50 billion dollars, Recep Tayyip Erdoğan embarked on a tour of Gulf countries. ...

943. The 24-hour solution to plastic waste

Researchers at The University of Texas in Austin discovered an enzyme that eats plastic fast, and scientists think it could revolutionize how we deal with waste....

944. Construction materials up by 5.78%

An annual increase of 5.78% was recorded in the Price Index of Construction Materials for the period January-June 2023, compared to the same period in 2022, according to data published by the Cyprus Statistical Service on Tuesday....

945. Tourism to drop by 10% in the Mediterranean

According to tourism agencies and experts, the high summer temperatures in Southern Europe could permanently change tourist habits, with more travelers choosing more relaxed destinations or taking their vacations in spring or autumn to avoid excessive heat. ...

946. Banking on success: Greek and Cypriot banks show remarkable credit improvement

Fitch Ratings released a new report on Monday stating that the credit profiles of Greek and Cypriot banks have significantly improved over the past year due to de-risking and restructuring....

947. Gasoline trade in divided Cyprus

The issue of gasoline from the occupied territories is one of the most well-known psychodramas of Cyprus. It is a distortion of the market due to the country's division and the occupation of part of it by another country. ...

948. Digital ''One-Stop-Shop'' to access renewable energy projects in 2024

The Ministry of Energy, Commerce, and Industry announced on Monday the launch of the online "Digital One Stop Shop" platform, an action of the Recovery and Resilience Plan "Cyprus - Tomorrow", which, in the first phase, concerns the digital submission of applications for the licensing of renewable energy projects....

949. President and FM to join EU-CELAC meeting

Cyprus' President Nikos Christodoulides is set to participate in the Summit of the European Union and the Community of Latin American and Caribbean States (CELAC) in Brussels on July 17 and 18....

950. Philippos Soseilos: Significant investment opportunities in Cyprus

951. UN and EU push for Cyprus Problem breakthrough

The United Nations and the European Union are making efforts to break the current deadlock in the Cyprus problem, recognizing the significant role of Turkey. Diplomatic sources have revealed that Turkish President Recep Tayyip Erdogan appears open to resuming the negotiating process....

952. Cyprus Parliament rejects bills on borrowers' rights

The Cyprus Parliament voted against two non-government bills regarding borrowers' rights on Thursday, disregarding warnings from the government and the Central Bank about potential threats to the stability of the financial sector....

953. Cyprus approves €361M supplementary budget for 2023

With criticism against the government's agreement for the purchase of the Metropolitan building, which will house the Ministry of Labor and Social Insurance, the Plenary of the House of Representatives approved the supplementary state budget amounting to €361 million....

954. Cyprus surpasses 40,000 solar installations

The Electricity Authority of Cyprus has taken actions to reduce the waiting time for the inspection of photovoltaic systems after installation....

955. Moment of truth: Critical juncture for Cyprus

The shift attempted by Turkish President Erdogan, with a backdrop of Turkey's relations with the US, the European Union, and Athens, seems to indicate a significant change in paradigm. ...

956. Energy savings: 1.3% to 1.9% by 2030

MEPs approved today's plans, already agreed with the Council, that set new energy-saving targets for 2030, as part of the European Green Deal....

957. Housing sales slow due to inflation and construction costs

The value of transactions in the real estate sector amounted to €1.52 billion in the second half of the year, with the market bearing the impact of the interest hikes, inflation and the increased construction cost....

958. Loan demand in Cyprus falls, interest rates rise

The Cypriot banking institutions are holding a small basket for demand in new loans....

959. Proposed foreclosure reforms spark debate in Cyprus

Three proposals will be discussed at the last Plenary Session of the House of Representatives before the summer recess, along with three scenarios regarding the outcome of the foreclosure framework....

960. Major banks hit by large-scale cyberattack

The banks Deutsche Bank, Commerzbank, and ING are among the dozens of companies that have suffered a large-scale cyberattack....