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961. Thomas Cook crash is dry run for Brexit failures

Social historians will mourn the demise of the world’s oldest travel company, founded by a Baptist carpenter in northern England in 1841; their corporate counterparts will not. With more than 500 high street outlets, Thomas Cook demonstrated a stunning inability to adapt to changing travel habits. The rise of budget airlines and disruptors like Airbnb combined with the weak pound and the unusually hot summer of 2018 to kill off the company which had suffered a near-death experience in 2011. ...

962. Cyprus hotels to take a €60 million hit as thousands stranded by Thomas Cook collapse

Officials at the Deputy Ministry of Tourism are scrambling to ascertain the impact of the collapse of Thomas Cook on the Cypriot hotel industry. ...

963. Cyprus FM highlights need for regional cooperation in the Eastern Mediterranean

The Eastern Mediterranean is the only region in the world without a regional organization and this is something that we have to work on, Cyprus Foreign Minister Nikos Christodoulides said on Thursday evening. ...

964. Second road fatality in rural Nicosia

An elderly man was killed in a road accident in rural Nicosia after his car fell into a ditch, just hours after an elderly woman also lost her life in a head-on collision outside the capital...

965. House looks at state salaries for clergy

State salaries for the clergy are back in the news as a House finance committee is looking for ways to amend an outdated agreement with the Church dating back to 1971...

966. Overtaxation led to tax evasion

Losses incurred by the state coffers due to tax evasion in 2014-17 were greater than the value-added tax revenue increase as a result of consecutive tax hikes, according to a European Commission report on the so-called VAT deficit (the difference between the expected VAT revenues and actual collections)...

967. Woman still wanted in Larnaca travel scam

Police are asking members of the public to help locate a Larnaca woman who is wanted in connection with a suspected travel scam...

968. Estia scheme kicks in for eligible borrowers

The Estia plan aimed at boosting borrowers’ ability to repay their defaulted loans went into effect on Monday, as the Cypriot government embarks on a scheme to subsidize repayments of restructured loans...

969. Scope rates Cyprus with BBB-

Scope Ratings affirmed last week the Republic of Cyprus’ BBB- long-term issuer and senior unsecured local- and foreign-currency ratings, along with a short-term issuer rating of S-2 in both local and foreign currency, noting that all outlooks are stable...

970. Man arrested following Limassol wildfire

One suspect was detained for questioning by police in connection with a Monday wildfire in Limassol district, which continue to rage overnight and was said to have been partially contained by the early morning...

971. Unemployment in Cyprus drops to 6.5%

The euro area seasonally-adjusted unemployment rate was 7.5% in June 2019, down from 7.6% in May 2019 and from 8.2% in June 2018. This is the lowest rate recorded in the euro area since July 2008. The EU28 unemployment rate was 6.3% in June 2019, stable compared with May 2019 and down from 6.8% in June 2018. This remains the lowest rate recorded in the EU28 since the start of the EU monthly unemployment series in January 2000. These figures are published by Eurostat, the statistical office of the European Union ...

972. Greece approves cut on property tax, eases arrears payment

The Greek parliament approved an across-the-board reduction of a deeply unpopular property tax on Tuesday, fulfilling an election pledge of new prime minister Kyriakos Mitsotakis....

973. ECB warns of 'significant negative impact'

The European Central Bank (ECB) has warned of “significant negative impact” to the Cypriot banking system in case a new law amending the legal on foreclosures is implemented. ...

974. Nicosia walls literally coming down

A conservation group has slammed authorities in the north over the partial collapse of the Guerini Bastion, saying it had warned about the conditions of the Nicosia medieval walls but nobody took them seriously...

975. Ice cubes for tigers as heatwave smashes European records

Belgian zookeepers fed chickens in giant ice cubes to tigers on Wednesday as northern Europe baked in record temperatures during another heatwave that climate experts believe could become the new normal. ...

976. Ayia Napa marina full speed ahead

Despite considerable progress on the Ayia Napa Marina construction so far, a July completion is being pushed back as more work on infrastructure is necessary...

977. Talent shortages costing European private businesses €414 billion each year

European private businesses’ biggest challenge is the increasingly growing skills shortage that is preventing them from hiring the right talent for growth. A PwC survey across 31 European countries shines a spotlight on a wider, ongoing issue across the region. PwC estimates that the skills shortage is costing the region €414 billion annually in lost revenues - just from private businesses. That’s around 2.6%of European GDP and is more than the combined annual GDP of Greece and Portugal. ...

978. Bidding for Nicosia bypass begins

The government has issued a public highway tender for the first phase of the long-awaited Nicosia bypass, which is expected to significantly reduce traffic jams in the capital...

979. Displaced Greek Cypriots up in arms over land

Dozens of Greek Cypriot families in Limassol are up in arms over a land dispute, accusing the government of lying to them as they face lawsuits from a Turkish Cypriot property owner...

980. Nicosia bypass closer to the start line

The long-awaited Nicosia bypass on the perimeter of the capital is a step closer to the start line, with reports saying a tender could be announced as early as next week...

981. Construction underway on Metropolis mall

Heavy machinery started preliminary groundwork at the site of Metropolis, Larnaca’s first commercial shopping mall expected to open its doors late next year...

982. Two dead in Limassol murder-suicide

Police are investigating a possible murder-suicide in Limassol, with reports saying a local man shot and killed his former female partner and then turned the gun on himself...

983. On the set of Jiu Jitsu

The filming of Jiu Jitsu starring Nicolas Cage is well underway in Nicosia, with first photos and videos from the set being made public...

984. School fire linked to final exam anger

A fire that broke at a Limassol high school is believed to have been a malicious act not unrelated to frustration over final exam grades...

985. Turkey aims to create 'fait accompli' in the Aegean and the E. Mediterranean, Greek FM says

Greek Foreign Minister Giorgos Katrougalos said that Turkey’s provocative actions in Cyprus’ Exclusive Economic Zone (EEZ) and the Aegean are creating tension in the region. ...

986. Nuvei to buy in cash Cyprus based fintech firm SafeCharge for $889 million

987. Cops tie up loose ends in Orestis case

Police feel more certain they can locate Maricar’s body in the red lake, after alleged serial killer Nikos Metaxas identified the cement block that was pulled out of the water...

988. Tallest building in Cyprus selling fast

The sale of apartments in the tallest residential building in Cyprus is half way through, with officials saying 360 Nicosia is almost finished and parts of the skyscraper are already livable...

989. Weather hotter than expected

Weather officials have revised the forecast for Wednesday, with rising temperature highs expected to reach 38 degrees inland while humidity remains low...

990. WhatsApp urges users to upgrade app after security breach