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1. President advocates for innovation centers to pursue commercialization and self-financing

Centres of Excellence should pursue commercialisation aiming at self-financing, the President of the Republic, Nikos Christodoulides said at the inauguration......

2. Sophia Vassiliou: Paying it forward

As the European elections draw near, Cyprus finds itself amidst the emergence of a new political entity: VOLT. This dynamic party brings a breath of fresh air to our political landscape, ...

3. Home prices show mixed trends in latest quarter

In the latest findings released by the Statistical Service, the House Price Index (HPI) has shown a mixed pattern in the fourth quarter of 2023....

4. Cyprus faces electricity market struggles amid smart meter setback

Cyprus faces significant hurdles in its electricity sector, notably in establishing a fair and competitive market. This impacts consumer choice of suppliers and efforts to transition to cleaner energy sources at home....

5. Cyprus braces for soaring fuel prices

Cyprus braces for a significant hike in motor fuel prices by mid-April, with increases of 10 cents per liter expected to impact consumer spending across the island nation, according to a report by Kathimerini's Maria Eraclous....

6. From White House to white robes, Trump sells Bibles

Former President Donald Trump, in a bid to rally his supporters and address mounting legal expenses, has ventured into selling Bibles....

7. Peek into February 2024's hottest real estate deals

Ask Wire, a company blending real estate expertise with technology, has compiled and published data on the 10 most expensive real estate transactions completed in February 2024 and the total value of the top 10 sales by province....

8. Cyprus' economic resilience earns high credit rating confirmation

International rating agency Morningstar DBRS has confirmed Cyprus’ BBB (high) long-term credit rating with a stable trend, noting that favourable economic prospects balance downside risks. ...

9. Prices on the rise

The Consumer Protection Agency has released its latest report on product prices for February 2024, focusing on 250 key consumer items sold across 400 stores nationwide. ...

10. Cabinet allocates €11.7M for training and job opportunities

The cabinet greenlit two initiatives on Wednesday aimed at bolstering employment and training opportunities for 1,265 individuals who are currently unemployed....

11. Another record year for Cablenet

For yet another year, Cablenet has achieved double-digit revenue growth. Specifically, in 2023, it reached €74.3 million compared to €63.9 million in 2022...

12. KEDIPES preps for major loan sell-off, boosting Cyprus banks

In a strategic move to streamline its assets, KEDIPES is gearing up to offload a second batch of performing loans, hot on the heels of its €58 million deal with the Bank of Cyprus....

13. Luxury living or lawlessness? Squatters occupy Hollywood Hills mansion

A luxurious mansion in the heart of Hollywood Hills became an unexpected shelter for squatters earlier this year, showcasing a bizarre mix of characters including a self-proclaimed OnlyFans creator and a French bulldog....

14. Hellenic Bank posts impressive 2023 profit of €365.4 million

Hellenic Bank reported a substantial profit of €365.4 million for the year 2023, marking a significant upswing from €21.8 million in 2022. The Return on Tangible Equity (ROTE) for 2023 soared to 28.7%, a stark contrast to the 2.0% recorded in 2022....

15. Investment thresholds in golden visa program under review

Reports circulating in the market in recent days regarding the Golden Visa program suggest that the government intends to establish three different investment thresholds, depending on the area where the property in question is located....

16. Cyprus tourism faces headwinds in 2024

According to an article by Maria Eracleous published in Kathimerini's Oikonomiki, the tourism sector in Cyprus is grappling with a challenging start to 2024, primarily attributed to the ongoing conflict in Israel and heightened price sensitivity impacting travel demand....

17. Cyprus adapts to changing seas

In response to European sanctions on Russian shipping companies based in Cyprus and developments in the Mediterranean and the Red Sea, Cyprus is actively seeking to attract new companies from different markets....

18. Mysterious Lakatamia mansion hits the market for 825,000 Euros

The most famous mansion in Lakatamia is up for sale for 825,000 euros by Gordian Holdings....

19. Housing costs rise: Apartments jump 11.1% in 2024

House and apartment rents went up 8% and 11.1%, respectively, over the year in the fourth quarter of 2024, according to the Ask Wire Index. At the same period, house and apartment values rose 3% and 8.8% respectively over the year....

20. Cyprus grapples with impending price increases in appliances

Another category of products faces potential price hikes, with household appliances such as refrigerators, washing machines, and televisions expected to experience increases in the near future. ...

21. CERA proposes reduced electricity increases amidst parliamentary discussion

The head of Regulatory Energy Cyprus (Cera), Andreas Poulikkas, briefed the Parliament's Finance Committee on the latest proposals submitted by the Electricity Authority of Cyprus (EAC) for review. ...

22. Consumer alerts raised over potential fuel price hikes

Konstantinos Karagiorgis, Director of the Consumer Protection Service, emphasized the importance of factual justification for price increases during an interview with CNA....

23. Biden praises job growth, declares US economy 'strongest in the world'

President Joe Biden lauded the robust jobs report released on Friday, touting it as evidence of the United States possessing the world's strongest economy....

24. Lagarde warns of potential economic threats to Europe under possible Trump return

In a recent exclusive interview with CNN's Richard Quest, European Central Bank President Christine Lagarde cautioned Europe to brace itself for potential economic challenges......

25. Macan sets new standards: the first all-electric SUV from Porsche

26. CEO predicts price drops for homes over 500K euros

In the latest property data, the real estate landscape in Cyprus paints a picture of continuous growth, particularly in the apartment sector. However, a closer look reveals a potential plateau in the high-end market, specifically for properties priced at 500 thousand euros and above....

27. Dr. Anastasatos forecasts bright future for Cyprus economy

Eurobank group's chief economist, Dr Tasos Anastasatos, expresses optimism about the Cyprus economy, emphasizing that the decision to expand the group's banking presence in Cyprus is linked to these positive economic prospects....

28. Houthi strikes send prices soaring in global trade

In recent weeks, the developments in the Red Sea, with the Houthi attacks on commercial ships and their impact on global trade, have dominated the discussions of suppliers with their partners....

29. Cyprus real estate booms in Q3 2023

Cyprus experienced a real estate boom in the third quarter of 2023, with housing prices soaring and a surge in demand from both domestic and foreign buyers, according to data released by the Central Bank of Cyprus (CBC) on Wednesday....

30. Mitsotakis unveils stance on same-sex marriage

He opened his cards on the issue of same-sex marriage, which has caused a lot of discussion, yesterday the Prime Minister Kyriakos Mitsotakis......