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181. Yet another contractor gets axed over major project delays

Cyprus’s Ministry of the Interior has terminated the employment of the engineer and contractor for the Liopetri Fishing Shelter and River Restoration Project due to long-standing delays and unmet contractual obligations, according to an announcement by the ministry....

182. Bank of Cyprus reports €401 million profit surge

In the latest financial report, Bank of Cyprus has reported a solid profit of €401 million for the first nine months of 2024—a 15% jump from last year’s €349 million. ...

183. Cyprus GDP and living standards improve, but challenges remain

Cyprus' living standards have continued to improve, with the country's GDP per capita reaching 95% of the EU average in 2023, according to recent data from the Statistical Service of Cyprus....

184. First affordable housing block for refugees in Cyprus to be ready in 20 months

In 20 months, the first apartment building under the government’s "KtiZO" Plan in the Apostolos Andreas Housing Settlement in Latsia will be completed....

185. Amathus residents oppose unaccompanied minor housing plans

The Municipality of Amathus has voiced concerns over the Ministry of Welfare’s evolving plans to establish facilities for unaccompanied minors, though recent discussions suggest a shift in approach....

186. Middle-class families in Cyprus burdened by rising rents

In an interesting article written by Kathimerini's Panayiotis Rougalas, the Cypriot government has launched programs aimed at addressing the country’s severe housing crisis, but high rent prices across Cyprus continue to stretch the budgets of most households, especially for middle and lower-middle-income families....

187. Government announces new measures to help vulnerable households

In a bid to ease energy expenses for vulnerable groups and promote sustainable housing solutions, the Cabinet approved a set of medium-term measures during its meeting on Tuesday, chaired by President Nicos Christodoulides....

188. Increase in missing minors from Cyprus juvenile homes raises alarms

Cyprus is grappling with a steady rise in cases of minors disappearing from juvenile homes, a long-standing issue of national welfare policy....

189. 16 injured as truck crashes into bus stop near Gillot, Israel

A serious incident unfolded earlier today when a truck crashed into a bus stop at a busy intersection near Gillot in central Israel, injuring several people, according to Israeli police....

190. Effort to create new cooperative bank in Cyprus begins with IPO search

The Cypriot company for the promotion of the cooperative movement is at the process of seeking an investment firm that would underwrite an initial public offering for the creation of a “small cooperative bank” in Cyprus that would replace the Cooperative Cyprus Bank which went into liquidation back in 2018, Panikos Hambas told CNA....

191. Luxury real estate investment opportunities by AstroBank

AstroBank has listed for sale a luxury villa in Nicosia as well as other residential real estate in Nicosia, Paphos and Larnaca....

192. CBC: Top savings interest rate in Cyprus hits 2.45%

In August 2024, the Central Bank of Cyprus reported that the highest interest rate for term deposits of up to one year for households reached 2.45%. ...

193. Cyprus joins European Heritage Days with cultural events

The Ministry of Interior and the Department of Town Planning and Housing have announced the launch of the European Heritage Days 2024 events......

194. Night at the museum, Cyprus edition!

Imagine wandering through centuries of history while sipping cocktails (well maybe not exactly next to artifacts) and enjoying techno beats. ...

195. Hezbollah strikes Haifa as Israel marks one year since Hamas attack on festival

Hezbollah launched rockets at Israel's third-largest city, Haifa, early Monday, coinciding with the first anniversary of the Gaza war, which has heightened tensions across the Middle East....

196. Limassol office costs outpace London and Amsterdam

Office rental prices in Cyprus, particularly in Limassol, have exceeded those in cities like London and Amsterdam, according to major tech companies operating on the island....

197. House prices in Cyprus rise 2.5% year-on-year in Q2 2024

Τhe House Price Index for the second quarter of 2024 amounts to 112.86 units, according to preliminary estimate of the Statistical Service. Compared to the Index of the corresponding quarter of 2023, the Index increased by 2.5%. ...

198. IDF claims significant strikes: At least 44 killed in recent attacks on Hezbollah

Israel’s military carried out dozens of strikes on Hezbollah targets early Sunday, as reports surfaced of the assassinations of two more senior Hezbollah commanders following the killing of the militant group's leader, Hassan Nasrallah, in a southern Beirut suburb....

199. 127,236 people in Cyprus were at risk of poverty in 2023

Nearly 14% of people in Cyprus were at risk of poverty in 2023, according to a new report from the Statistical Service of Cyprus. This means around 127,236 individuals lived on a yearly disposable income of €11,324 or less....

200. First student housing set to open in old town Nicosia

The first student residence inside Nicosia’s walled city will open in November, offering 13 rooms as part of a larger plan to create 380 student spaces. ...

201. Building permits surge 150% in June amid major reform

Building permits issued in Cyprus saw a massive 150% jump in June 2024 compared to the same month last year, as authorities worked to clear a backlog ahead of a major reform. ...

202. Dutch government requests opt-out from EU asylum rules

The Netherlands’ new coalition government, led by Geert Wilders’ far-right Party For Freedom (PVV), has requested an opt-out from the European Union’s asylum rules,...

203. Von der Leyen unveils new European Commission lineup

European Commission President Ursula von der Leyen has unveiled the list of new commissioners, including Kostas Kadis from Cyprus, who has been appointed as Commissioner for Fisheries and Oceans. ...

204. Homebuyers face mounting debts as developers' loans go unpaid

205. Bank of Cyprus reduces loan rates to 3.65% amid ECB policy shift

The Bank of Cyprus is lowering the reference interest rate on loans linked to the European Central Bank’s (ECB) base rate, effective Sept. 18, 2024....

206. The transformation of Berengaria Hotel in Prodromos continues: an overview of current progress

The repair and renovation works at Cyprus’s most historic mountain resort, the Berengaria Hotel in Prodromos, are currently in full swing, led by the well-known residential and commercial developer BBF......

207. Trump on migrants: ''They're eating dogs!''

Vice President Kamala Harris and former President Donald Trump clashed in a lively debate at the National Constitution Center in Philadelphia, with the November election just weeks away. ...

208. President to tour rural areas for local development

President Nikos Christodoulides will soon start a tour of all Cyprus districts, beginning with rural areas, to talk with local leaders about recent changes to local government rules....

209. Tiny house, big rent: Limassol's housing crisis hits new heights

It's no secret that rental prices in Cyprus, especially in Limassol, have skyrocketed to absurd levels. With people struggling to find affordable housing amidst a sea of luxury apartments and inflated costs, one local decided to poke fun at the situation—and it's hilarious!...

210. Greece imposes 20-euro levy on cruise visitors to curb overtourism

Greece plans to impose a 20-euro levy on cruise ship visitors to the islands of Santorini and Mykonos during the peak summer season, in a bid to avert overtourism, Prime Minister Kyriakos Mitsotakis said on Sunday....