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511. Revolutionary cancer drug kills all solid tumors, leaves healthy cells intact

Scientists have developed a holy grail cancer drug that kills all solid cancer tumors while leaving other cells unharmed....

512. Prices of homes and apartments up 7.7% annually

The rise recorded in the housing market in Cyprus during the first quarter of 2023 was significant, as prices continued to increase, especially in apartments, mainly due to higher demand....

513. Melco Announces Unaudited Second Quarter 2023 Earnings

Melco Resorts & Entertainment Limited (Nasdaq: MLCO), operator of City of Dreams Mediterranean and Cyprus Casinos (“C2”), reported its unaudited financial results for the quarter ended 30 June 2023....

514. Wizz Air hits milestone with 6 Million passengers at Larnaca airport

Low-cost - airline Wizz Air, celebrated the successful transportation of six million passengers to and from the airport of Larnaka, Cyprus....

515. 150 students from T/C community granted EU scholarships

The European Union (EU) has selected one hundred fifty (150) new scholars of the 2023 EU Scholarship Program for the Turkish Cypriot community (TCc), a press release by the European Commission states....

516. ACI world's top 10 European airports that never sleep

Airports Council International (ACI World) has published the latest World Airport Traffic Dataset, revealing the top European airports that have experienced the most traffic out of 2,600 airports across more than 180 countries....

517. ECB dilemma with core inflation at 5.5%

The European Central Bank (ECB) is almost certain to raise interest rates by 25 basis points in its meeting tomorrow, though what happens next is unclear....

518. Cyprus banks witness €52.3B growth

Deposits in the Cyprus banking system rose significantly in June totalling €52.3 billion, while liquidity in the banking system amounted to €27.2 billion....

519. Where Cyprus stands in EU minimum wage

The minimum wage in Cyprus is slightly lower than 1,000 euro per month since the country became the 22nd out of 27 EU member states to have instituted a national minimum wage on January 1st, 2023, according to data released by Eurostat, the statistical service of the EU, about the situation as it stood on July 1st....

520. 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....

521. Global economy faces $590 trillion storm

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

522. Philippos Soseilos: Significant investment opportunities in Cyprus

523. EY Cyprus announces five new partners

EY Cyprus is pleased to announce that its management team has been strengthened with the addition of five new partners and five new directors in 2023, reaching the total number of 31 partners of whom 6 are women, and 17 directors of whom 8 are women....

524. Cyprus population reverses decline, shows growth

The population of the European Union has increased again after two years of decrease according to data published by Eurostat, the statistical service of the EU, on the occasion of World Population Day. ...

525. Europe's first multi-themed resort opens in Limassol

The inauguration of the City of Dreams Mediterranean in Limassol on Monday marks a significant milestone for tourism in Cyprus, introducing the continent's first multi-theme resort....

526. Ministry of Labor to improve minimum wage policies

Cyprus currently has an outdated software system for pension fund operations. The government aims to expedite the actuarial study for the Social Insurance Fund (TKA) with the support of the International Labor Organization and the government of Austria. ...

527. TechIsland announces TechIsland Awards Finalists

TechIsland is happy to announce the shortlist of finalists for the 1st TechIsland Awards. The 260+ members of TechIsland were asked to submit their nominations for 7 different categories of awards, based on specific criteria, aiming to bring forward and shine a spotlight on individuals, projects and companies that are shaping the tech and innovation landscape of Cyprus....

528. Cyprus house prices on the rise, HPI increases 5.9%

House Price Index (HPI) recorded a 5.9% increase for the first quarter of 2023, marking its fifth consecutive quarterly growth compared to the same period in 2022, according to a preliminary estimate by the Statistical Service of Cyprus....

529. Germany blames Poland for fish kill negligence

Germany's government accused Poland on Monday of failing to stop the dumping of pollutants that contributed to the deaths of hundreds of tons of fish in the Oder River, which runs along the border between the two countries....

530. European stocks rally on hope of interest rate peak

Eurozone inflation fell more than expected to 5.5 percent in June, its lowest rate since the start of last year, but a slight rebound in core consumer price growth tempered any relief for policymakers....

531. Acknowledging borders' critical functions

Migration is a complex issue with various causes that differ across seasons and regions....

532. Interest rate increases boost Cypriot banks' 2022 profits to €177 million

Bank of Cyprus and Hellenic Bank generated a combined profit of €164.7 Million in Q1 2023, Driven by interest rate increases....

533. Ministry launches summer public schools program

The Ministry of Education, Sports, and Youth (MESY) has officially announced the commencement of the "Summer Public Schools (SPS) Programme" today, marking the beginning of a five-week initiative that will run until July 28, 2023. ...

534. Hellenic Bank rakes in €69.7 million in profits during Q1 of 2023

Hellenic Bank has reported a profit of €69.7 million for the first quarter of 2023, signaling a strong start to the year. ...

535. MPs move forward with divestment changes

MPs are displaying a resolute determination to press ahead with crucial changes to the divestment framework before the parliamentary summer recess....

536. Health Ministry increases IVF subsidy to boost fertility rates

In an effort to combat under-fertility and bolster population growth, the Council of Ministers has approved a proposal to revise the subsidy scheme for infertility treatment in Cyprus. ...

537. Limassol Greens: The most anticipated golf resort in Cyprus

Limassol Greens, the most anticipated golf resort in Cyprus, has hosted media, associates and stakeholders in a special event at its newly opened Property Sales Office opposite Four Seasons Hotel on Tuesday 13th June. ...

538. Nicosia attracts millions in investment opportunities

A new investment exceeding 60 million euros is currently in the study phase, focusing on the development of a strategically positioned plot in Nicosia. ...

539. All-Day school program sees gradual expansion in primary education

The Minister of Education, Sports, and Youth, Athina Michaelidou, highlighted the well-known significance and value of full-day schools for education and society as a whole....

540. Cyprus economy thrives: FinMin foresees robust growth and fiscal stability

During the 2023 Annual General Meeting of the Cyprus Bankers Association, the Minister of Finance, Mr. Makis Keravnos, discussed the current state and future prospects of the Cyprus economy, particularly focusing on the banking sector. ...