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721. Cyprus' GDP soars: 3.4% growth in Q1 2023

Gross Domestic Product (GDP) in the first quarter of the year reached 6.2 billion euros, marking a 3.4% annual increase....

722. Another senator on board with F35 deal for Greeks

US Senator Jim Risch, the top Republican on the Senate Committee on Foreign Relations, has approved the sale of Lockheed Martin Corp’s F-35 fighter jets to Greece, adding the last signature needed before the deal can go through, Hellas Journal reported on Thursday...

723. Why are food prices so high in Europe?

It is the most basic of staple food items: sliced white bread. In Britain, the average price of a loaf was 28 percent higher in April, at 1.39 pounds, or $1.72, than it was a year earlier....

724. Cyprus resolute on natural gas plans despite geopolitical reactions

Minister of Energy, George Papanastasiou, affirmed Cyprus' commitment to proceed with its plans for transporting natural gas from the region, both for domestic electricity generation and for liquefied natural gas (LNG) exports, despite geopolitical reactions....

725. Netflix cracks down on password sharing

Netflix Inc. on Tuesday expanded its crackdown on password sharing to the United States and more than 100 other countries, alerting users that their accounts cannot be shared for free outside of their households....

726. British-Cypriot forex boss found guilty of fraud

A jury in a London court has found a forex trader of Cypriot origin guilty of fraud....

727. Gigantic heap of unused clothing seen from space

A giant dump of unused fast fashion clothing in Chile's Atacama Desert is now clearly visible to satellites....

728. In search of an energy strategy

After President Christodoulides' visit to Israel and his meeting with Netanyahu, two key issues have emerged regarding Nicosia's energy strategy:...

729. Kyriakides: 'Our goal now, medicines for all'

"I have always envisioned a European Health Union, where the European Union would be intimately connected to every citizen regarding health matters....

730. State dough for families with three or more in tow

Thousands of families receiving state benefits for having three or more children in the Republic of Cyprus are to expect an additional one-time wire transfer just in time for summer...

731. New York City could be sinking

From the Financial District’s sky-high centers of economic power to the pricey pads that rise above Billionaires’ Row, the great volume of towering buildings is part of what gives New York City its identity. But according to new research cited by the New York Post, the weight of those same buildings that give the Big Apple its soaring sense of bravado could contribute to the city's sinking....

732. Energean unveils ambitious plans for Israeli gas exploitation

Energean announced on Thursday that by September 2023 it will submit to the Israeli government for approval a comprehensive program for the exploitation of the deposits of the "Olympus Area" of the Israeli Exclusive Economic Zone, so as to begin its implementation in early 2024....

733. Uber makes waves with boat travel in Mykonos

Can't find a ride to Ornos? Don't worry. The ride-hailed watercraft will carry up to eight people to different stops around the island....

734. Cypriot economy maintains momentum but faces uncertainties

The Cypriot economy maintained a strong momentum in the first quarter of 2023 with real GDP registering an annual growth rate of 3.4%, marking however signs of a slowdown on the backdrop of the uncertain external environment and the restrictive monetary policy by the European Central Bank in a bid to place inflation under control....

735. US State Department highlights religious freedom issues in Cyprus

The US State Department's 2022 Report on International Religious Freedom for Cyprus sheds light on various issues concerning religious freedom on the island. ...

736. Doctors without degrees: The NHS apprenticeship revolution

Aspiring doctors and nurses may soon have the opportunity to work in the UK's National Health Service (NHS) without going to university, according to recent revelations. This proposal aims to address the workforce crisis currently faced by the struggling health service....

737. Sales of halloumi are increasing

The registration of halloumi cheese as a protected designation of origin product has proven to be beneficial. This is demonstrated by the latest data from the statistical service regarding exports, as well as sales in the Cypriot market....

738. Cyprus shifts energy policy towards natural gas for power generation

Cyprus' Minister of Energy, George Papanastasiou, announced that the country's strategy regarding the exploitation of natural gas in the Exclusive Economic Zone (EEZ) and other fields in the region will be decided after a workshop at the end of the month with the participation of energy companies in the Eastern Mediterranean. ...

739. King Charles: the properties he is forbidden to sell

King Charles inherited $500 million in assets after the death of Queen Elizabeth, but that's only part of his fortune....

740. Sex rendezvous messages emerge in murder investigation

Cyprus Police are investigating the murder of a sex worker in Limassol that took place over the weekend, when a woman from Ukraine was found dead in her hotel apartment where an asylum seeker from Turkey had also booked an appointment to see her on Saturday evening...

741. WHO declares end to Covid-19 global emergency

The World Health Organization said Friday that Covid-19 no longer qualifies as a global emergency, marking a symbolic end to the devastating coronavirus pandemic that triggered once-unthinkable lockdowns, upended economies worldwide and killed at least 7 million people worldwide....

742. Banks announce measures on interest rates

Since July 2022, lending rates in Cyprus have risen by 3.5%, putting borrowers in a difficult position with dangerously increasing loan repayments....

743. 0% VAT on bread, milk, eggs and diapers

The Council of Ministers has approved a Decree during today's session, which imposes a zero VAT rate on the delivery of certain products until October 31, 2023. These products include bread, milk, eggs, baby food, baby diapers, feminine hygiene products, and adult diapers....

744. 100 Cypriot wines to feature new WineCore logo on packaging

The wine industry in Cyprus is at a turning point, as coordinated upgrading and promotion efforts are underway in both the private and public sectors. ...

745. The Turkish formula for Cyprus is challenging

A complex equation for the Cyprus problem is foreseen by circles at the EU headquarters, regardless of who wins Turkey's elections. This is because neither of the two main candidates, Tayyip Erdogan nor Kemal Kilicdaroglu, has the resolution of the Cyprus problem on their agenda. ...

746. Fiscal surplus of €570.2 mn and 86.5% debt to GDP ratio in 2022

The Statistical Service announced on Friday a fiscal surplus of €570.2 mn, which corresponds to 2.1% of GDP and a fiscal debt of €23,371.1 mn, which corresponds to 86.5% of GDP....

747. Cypriot hourly wages still below EU average

In 2022, the average hourly wages and salaries in the whole economy were estimated to be 15.6 euros in Cyprus, 22.9 euros in the EU and 25.5 euros in the euro area, according to data released by Eurostat, the statistical service of the EU. Compared with 2021, they increased by 7.5% in Cyprus, by 4.4% in the EU and by 4.0% in the euro area...

748. Finance Ministry launches tender for Companies Law modernization

Cyprus Ministry of Finance has launched a tender with an estimated value of €2 million aiming to acquire services for the modernization and reform of the outdated Companies Law, aiming to improve the economy’s competitiveness and ease of doing business....

749. F1's Leclerc chases watch thieves in custom Ferrari, caught on video

750. Leaker identified as fit military leader with gun-worshipping gamer group

The Washington Post has traced the recent Pentagon intelligence leak to a man who shared hundreds of secret files with a small group of young gamers on a private Discord server....