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481. The plague of the Cyprus port industry

Cyprus holds a pivotal role as a major trading hub and a crucial maritime center, leveraging its strategic geographical position and island status to foster maritime transport development. ...

482. Non-performing loans hold steady at €2B amid rising rates

Non-performing loans in the Cyprus banking system remained essentially unchanged at €2 billion in October 2023, marking a marginal reduction of just €2 million, in an environment of rising interest rates....

483. 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....

484. Trump leads GOP race with big Iowa win

In a resounding win, former President Donald Trump has emerged victorious in the Iowa caucuses, marking a significant step in his potential bid for the Republican candidacy in the upcoming election....

485. Major crime boss gunned down in Greece

New evidence has emerged about the mafia execution of Vangelis Zambounis on Sunday morning in Neos Kosmos. The Hellenic Police are still investigating the case, which is another episode in the bloody cycle of the Greek mafia....

486. 'One Stop Shipping Centre' launched to boost competitiveness

The One Stop Shipping Centre has set sail in Cyprus, marking a significant development for the Cypriot shipping industry. Launched by the Deputy Ministry of Shipping under the President of the Republic,...

487. 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....

488. 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....

489. Husky dog saves block from gas explosion

In a plot that could have graced front-page headlines nationwide, a serene Philadelphia neighborhood narrowly escaped catastrophe just days before Christmas, thanks to the remarkable instincts of a four-legged hero named Kobe....

490. Greek shipowner seeks US help over seized tanker amid rising tensions

Empire Navigation Inc., the Greek shipowner of an oil tanker seized by Iran, said it sought any help from the US government in regaining control of its vessel in a US court filing on Thursday....

491. Spike in transformer thefts plagues Electricity Authority

There has been a surge in incidents involving the theft of equipment and other assets from the electricity distribution network of AHK, with cases of stolen transformers exceeding sixty in recent months....

492. Trimiklini scandal unveiled: 15-year licensing nightmare shakes state agencies

The Control Committee of the Parliament heard an outcry from the state services, who took almost 15 years to act on a series of illegal activities......

493. 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....

494. Home building costs up by 20%, insights for buyers

Geopolitical developments, marked by conflicts in Ukraine and Gaza, have led to a notable surge in house prices, revealing a 20% increase in construction costs since 2019,...

495. Government's 'Photovoltaics for All' plan sparks debate on eligibility and funding

The Government Grant Scheme for transitioning citizens to renewable energy sources and promoting energy-saving initiatives in homes for the period 2024-2025 is currently open for public consultation until January 19, 2024. ...

496. 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......

497. Deloitte’s Tax Facts 2024

498. Theater grants and the Ministry's cultural quandary

The new year has begun and immediately it was marked culturally by the crisis in the theater, due to the grants that were given by the Thymeli Plan....

499. Christodoulides' strong message: Ignore sirens, focus on governance

The swearing-in and assumption of duties of the new ministers and officials of the government took place today (10/01), at the Presidential Palace....

500. Government takes bold steps to speed up construction approvals

The Ministry of Interior in Cyprus is on a mission to simplify the development control system by implementing a comprehensive package of 22 measures in collaboration with the Cyprus Scientific and Technical Chamber (CSTC). ...

501. Reclaiming 700,000 vacant homes could ease Greece's housing crisis

The return to the real estate market of at least 700,000 homes that are currently closed or have stood empty for a number of years could play a key role in addressing Greece’s housing crisis....

502. South Korea bans dog meat in landmark legislation that ends centuries-old practice

South Korea's parliament passed a bill on Tuesday to ban the eating and selling of dog meat, a move that will end the controversial centuries-old practice amid growing support for animal welfare....

503. Cyprus redefines sustainability with new renewable energy grants in housing

In an exclusive announcement, the Ministry of Energy, Trade, and Industry is reaching out to stakeholders for their input on the innovative ''Grant Scheme for Renewable Energy and Energy Saving in Housing 2024-2025.''...

504. UN buffer zone tensions spark President's warning

Cypriot President Nikos Christodoulides has called on UN Secretary General Antonio Guterres to convey to Ankara the need for self-restraint with regard to continued violations in the UN buffer zone, expressing “profound concern” that escalating violations would lead to “a serious crisis.”...

505.  President Christodoulidis announces Cabinet reshuffle

President Nikos Christodoulidis has announced a series of government appointments, effective Wednesday, January 10, 2023. The changes, made under constitutional authority, include:...

506. Far-right and conservatives gain momentum in Europe

The far-right and conservative parties are gaining strength across Europe, while the possibility of reaching up to 29% of the seats in the European Parliament is visible, explains to "K" Tobias Gerhard Schminke, founder of the platform for collecting electoral data Europe Elects....

507. US cities struggle as record 36,000 migrants arrive

The United States finds itself at a pivotal moment as cities across the nation grapple with a surge in migrants, placing President Joe Biden under increasing pressure from both Republicans and Democrats....

508. Dog's bark saves neighbor's home from flames

In the quiet town of Arlington, Washington, a furry hero emerged in the dead of night, changing the tune of a seemingly ordinary evening....

509. Cyprus tax reform targets green initiatives and economic revitalization

By March 2024, the initial six phases of the tax transformation project commissioned by the Ministry of Finance to the Centre for Economic Research of the University of Cyprus will conclude,...

510. CIFA projects optimistic 2024 for Cyprus investment funds amid challenges

The Cyprus Investment Funds Association (CIFA) has expressed optimism for the Investment Funds sector in Cyprus in 2024, projecting another positive year despite existing challenges and uncertainties, according to a press release. ...