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1591. PORSCHE CYPRUS: 30 years of an iconic journey

This year, PORSCHE CYPRUS celebrates 30 years of iconic performance on Cypriot roads. All this is thanks to the vision of Alkis Iacovides, the man who passionately loved PORSCHE and decided to introduce the favorite German car models in Cyprus three decades ago....

1592. Rate of NPL's unchanged in November 2022

Non-performing loans (NPLs) in the Cyprus banking system remained unchanged in November, with the NPL rate to total loans unchanged at 10.5%....

1593. Deadly earthquake in Turkey, Syria felt in Cyprus

A major earthquake of magnitude 7.9 struck central Turkey and northwest Syria on Monday, killing scores of people and injuring hundreds as buildings collapsed, and triggering searches across the snowy region for survivors trapped in rubble...

1594. An invisible, 3-D printed superyacht could be a reality by 2030

Superyachts, long considered flashy toys of the uberwealthy, are meant to be seen. But that’s not the case for a new concept vessel by Jozeph Forakis. ...

1595. Chinese spy balloon lingers over the US

A Chinese spy balloon has been flying over the United States for a couple of days, U.S. officials said on Thursday, in what would be a brazen act just days ahead of a planned trip to Beijing by U.S. Secretary of State Antony Blinken....

1596. Cyprus elections: The locations of polling stations around the world

The polling stations abroad for the Presidential Elections (1st round 05/02) have been announced by the General Election Commissioner....

1597. They know Europe, do we?

All three leading candidates made several references to the role of the European Union in many issues during the RIK televised debate on Wednesday, as well as in interviews on television, radio, and online shows....

1598. Interest rates in Cyprus continues its steady rise

Interest rates in the Cypriot banking system continued rising in December in the context of the ECB’s monetary normalization policy to tackle high inflation....

1599. Nearly 60 million euros in electricity subsidies doled out since September 2022

1600. The first presidential election in Cyprus held in 1959

On December 13, 1959, the young Republic of Cyprus held its first presidential elections. Glafkos Clerides, who opposed his father John's candidacy and was accused of failing to follow the Christian commandment to "honor thy father and thy mother,"...

1601. Critics say Cyprus' helmet law is a backward step

Bicycle advocates say a new law in Cyprus that requires cyclists to wear helmets on the road is not the right answer, arguing an austere approach does not make things safer but could result to other problems including unintended consequences...

1602. Biden's second Delaware home searched by FBI

The FBI searched President Joe Biden's Rehoboth Beach, Delaware, home Wednesday as part of its investigation into the potential mishandling of classified documents, the president's personal lawyer said....

1603. Children's A&E department operating on trial basis since Monday

Since Monday, January 30, 2023, the first Accident and Emergency Department for Children has been running on a trial basis....

1604. Half a billion euro investment in digital transformation

Over the next five years, a little more than half a billion euros (€512 million) will be set aside for digital transformation. ...

1605. Eurostat: Cyprus had the highest stock of NPL's in 2021

In 2021, Cyprus remained the country with the highest stock of non-performing loans (assets) of the general government, at 20.2% of GDP, according to data released by Eurostat, the statistical service of the EU....

1606. Criticism and unknowns emerge in latest prison death

Cyprus Police have not ruled out foul play in the death of a British inmate, who was found hanged last Friday, while reports suggested the case was filled with conflicting information including a suggestion that no effort had been made to resuscitate...

1607. Averof Neofytou speaks to Oriana Papantoniou on 'Diaspora News'

The candidate for the Presidency of the Republic and President of DISY, Averof Neofytou, gave an interview with "SPOR FM 95.0" and the show "DIASPORA NEWS" with journalist Oriana Papantoniou at noon on Tuesday (31/01)....

1608. Award-winning director Nick Broomfield talks of his carefree life in Nicosia

Nick Broomfield, now 74, is revered among documentary professionals in the United Kingdom and beyond. ...

1609. CBC: Household debt at 77% of GDP

The household debt ratio stood at 77% of the Gross Domestic Product (GDP) at the end of September 2022, marking a slight decrease compared to the previous quarter, due to the increase in GDP, according to data published by the Central Bank of Cyprus on its website on Tuesday, in the "Quarterly Financial Accounts" edition, for the reporting quarter ending September 2022. ...

1610. A large number of foreclosure notices to be sent tomorrow

Today, Tuesday, January 31, 2023, marks the end of the most recent three-month suspension of divestments imposed by a resolution of the House of Representatives. ...

1611. Pilides: Government to push for more home solar panel installations

The Government does not intend to stop the measure that encourages the installation of solar panels in homes, but to enhance it, the Minister of Energy, Trade and Industry Natasa Pilides pointed out on Friday....

1612. Netflix to ban password sharing by end of March, bad news for freeloaders

The time Netflix 'freeloaders' have long feared - Password sharing will be banned by the end of March....

1613. Limassol could still have another 8,000 apartments

As the demand for real estate in city centers has increased in recent years, Ask Wire's research identifies many parcels of land in the central areas of Cypriot cities that are either underutilized or only partially utilized. ...

1614. Cyprus police probe abortion incident

Police are investigating a suspected felony after a woman in Paphos, who aborted a pregnancy, declined a request by doctors to remain in the hospital...

1615. Senator links Burisma to Biden classified documents

A newly revealed email from Hunter Biden’s laptop regarding Ukraine is raising eyebrows, with critics pushing a theory that the first son had access to classified information at a time when he maneuvered for a seat on Burisma, a Ukrainian gas company based in Cyprus...

1616. Paphos: Over 15 million euros in foreign investment in 2022

According to the Paphos Chamber of Commerce and Industry, foreign investment in the city has surpassed €15 million. ...

1617. The demand for new homes is dwindling

The large investments and development projects mentioned by Minister of Transport and Works Yannis Karousos in his ministry's recent project presentation may have kept the construction and real estate sector afloat until 2022, but the industry still faces challenges....

1618. Banks are revising lending rates

Cypriot banks are preparing new loan rates in an effort to redesign the pricing of loans. In the first half of 2023, Cypriot banks will see significant changes in the pricing of new loans, accompanied by increases in interest rates, ...

1619. No more Fridays. 4-day work week on the rise

The results are in: It's time for your company to stop working on Fridays (or Mondays)....

1620. Migration: Nikos Christodoulides can and wants to deal with it

One of the biggest and most serious problems Cyprus faces now, and one of the biggest challenges, is the issue of migration. Our country must deal with disproportionate flows of migrants, both in relation to its size and resources and in relation to its population....