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1681. 2024 budget points to surplus and debt reduction

The 2024 budget reflects the clear imprint of our policy priorities, President of the Republic Nikos Christodoulides says in a written statement, adding that the fiscal balance for 2024 is estimated to be surplus, reaching 2.2% of GDP, while the medium-term goal, by 2026, is to reduce public debt to 60%....

1682. Attack on Russian navy HQ in Crimea raises stakes

Last Friday, an attack on the headquarters of the Russian Black Sea Fleet in Crimea was launched, reportedly following a request from U.S. and UK intelligence services, according to the Russian Foreign Ministry....

1683. Cyprus welcomes most tourists among EU countries with 91% of visitors from abroad

In 2022, the EU received 45.8% of all international tourism arrivals in the world, despite representing 3.0% of the world's land area and 5.6% of the world's population, according to the UN World Tourism Organisation (UNWTO) shared by Eurostat on the occasion of World Tourism Day (27 September)....

1684. Apartments rule, but prices vary by province

According to Mr. Loizou of Ask Wire, the majority of Cyprus' population resides in apartments. Therefore, it comes as no surprise that among young buyers, typically around 30 years old, the most sought-after housing option is an apartment, particularly a two-bedroom one, whether for purchase or rent. However, the question arises: How do housing prices vary across different provinces?...

1685. Hellenic Bank cuts fees for customers

Hellenic Bank is taking steps to enhance its services and support its customers. Mr. Phoebus Stasopoulos, the Senior Banking Manager of Hellenic Bank, announced the expansion of the limit for free SEPA transfers through Online Banking....

1686. Embracing the digital change in education

In the modern age, one of the paramount areas that demands digital transformation is education....

1687. UN meeting and unity across the aisle

In a session lasting about two hours, the National Council convened to discuss the latest developments in Cyprus's diplomatic efforts....

1688. School escorts back on track to aid hundreds of disabled students

The perennial issue of meeting the needs of students requiring school assistants has resurfaced as the new school year begins. ...

1689. Cyprus government approves 24-hour care facilities for disabled adults

The Council of Ministers has given its nod to a proposal by the Ministry of Social Welfare, paving the way for the acquisition of five buildings designated for 24-hour care facilities for adults with disabilities. Deputy Minister Marilena Evangelou made this announcement following the Council of Ministers' meeting on Tuesday....

1690. Authorities on high alert for potential influx of Lebanese migrants

The Ministry of Interior and other relevant services have been alerted to recent information regarding a large influx of illegal immigrants into Cyprus. According to well-informed sources from ''K'' ...

1691. Cyprus endorses bold auto rules for health and industry

Cyprus supported the compromise proposal put forward by the Spanish Presidency of the EU Council on the proposed Euro 7 regulation, during a meeting of the EU Competitiveness Council in Brussels, on Monday, with the permanent secretary of the Ministry of Energy, Marios Panayides, stressing that the new rules should protect human health while ensuring the competitiveness of the automotive industry....

1692. Construction of petrol storage terminal must be a priority, says Energy Minister

The construction of a petroleum products storage terminal with a completion date of 2025 is considered a project of exceptional importance with regard to Cyprus' strategic energy autonomy, Minister of Energy, Commerce and Industry, George Papanastasiou, ...

1693. Greek workers toiling longer, earning less

Greeks work 41 hours a week, more than any other Europeans, but are paid less. Monthly salaries do not exceed 1,038 euros on average, according to the latest figures compiled by the Single Social Security Entity (EFKA), ...

1694. How high is too high before tax relief kicks in?

Diesel prices have dipped by nine cents per liter at gas stations compared to late August, while unleaded 95-octane petrol is now six cents cheaper....

1695. New level of professional coaching in Cyprus

ICF Cyprus Chapter has opened its doors in Cyprus as a chapter of the International Coaching Federation. ICF is the leading global organization of 62,000-plus professional personal and business coaches....

1696. Halloumi exports hit €112 million mark

The demand for halloumi, Cyprus’ renowned cheese, in foreign markets is steadily growing with exports in the first four months of 2023 amounting to €112 million, Minister of Agriculture, Rural Development and the Environment, Petros Xenofontos has said....

1697. Presidency in prolonged crisis

The United Nations General Assembly in New York proved to be a critical test for Nikos Christodoulides during his first year in office, as well as a highly significant personal and political endeavor. On one hand, he aimed to use the platform of these meetings to communicate a positive message regarding the Cyprus problem. ...

1698. Concerns rise over passive response to student brawl in high school

The recent incident involving the assault of a 12-year-old girl by two 14-year-old girls at a Nicosia secondary school has sparked significant concerns regarding our societal response to acts of violence and intimidation. ...

1699. Christodoulides meets Guterres in New York

Cyprus President, Nikos Christodoulides, meets on Friday in New York with the UN Secretary General, Antonio Guterres. ...

1700. Officials unveil bold dual vaccination strategy

Cyprus' Ministry of Health has unveiled its vaccination strategy for the upcoming fall/winter season, targeting COVID-19 and seasonal influenza. Key highlights include:...

1701. Pseudostate promoting tourism aimed at Balkan states

In the realm of foreign tourism promotion and marketing, the pseudostate actively participated in the inaugural Istanbul Balkan Tourism Exchange Exhibition (IBTB Istanbul) from September 20 to 22....

1702. Europe grapples with alarming air pollution crisis

Europe is currently in the throes of a severe public health emergency, marked by dangerously high levels of air pollution prevalent across nearly all regions of the continent. ...

1703. Fontainebleau's $3.7 billion Vegas resort finally opens

After an arduous 23-year journey, real estate magnate Jeffrey Soffer is finally realizing his dream. On December 13, the Florida-based developer will unveil his latest masterpiece in Las Vegas—a stunning $3.7 billion resort boasting seven exquisite pools, an impressive array of 36 restaurants and bars, and an exclusive rooftop club that offers breathtaking skyline vistas....

1704. Las Vegas preps for first-ever Formula One race

Las Vegas is gearing up for its first-ever Formula One race on November 18 by building a temporary street track. In the lead-up months, as popular attractions are blocked by construction and scaffolding, some tourists regret the timing of their visits to the city....

1705. Focus on growth, employment control, and surplus in the 2024 budget

The 2024 state budget to be tabled to the Council of Ministers for approval next week will have three key characteristics, Minister of Finance Makis Keravnos told CNA....

1706. Consulco’s London Credit Fund; Existing & New Investment Opportunities

1707. €5,000 fine for flashing your lights? This is Cyprus!

The news quickly spread, landing somewhere between the wildly unbelievable and downright absurd. Yet, in Cyprus, a place where the unusual is just another day in paradise, it gained traction....

1708. Saudi Arabia prepares for its first-ever fashion week

Saudi Arabia is gearing up to host its inaugural Fashion Week, scheduled for October 20 to 23 in Riyadh. The event features participation from 30 local fashion designers and companies. ...

1709. Liquidity cover hits 318% in banking

Konstantinos Herodotou, the Governor of the Central Bank of Cyprus, delivered a robust message at the TechIsland conference in Limassol....

1710. Wild brawl among female students rocks Nicosia high school

A brawl erupted among female students at a Nicosia high school during a break. Video footage obtained by "K" shows the students engaged in physical altercations while their peers recorded the incident with their mobile phones, seemingly without any intervention from teachers....