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1351. Cyprus leads the way in EU internet accessibility

Recent statistics shared by Eurostat, the statistical service of the EU, highlight Cyprus as one of the countries with the lowest percentage of people unable to afford an internet connection in the EU....

1352. Eurobank Cyprus reports soaring profits amid rising interest rates

Eurobank Cyprus posted soaring profitability after tax for the first half of 2023 with net profits approaching the profitability of full year 2022, due to rising interest rates and the high remuneration of its liquidity held at the ECB....

1353. Should you sell your family business?

A common response from family business owners when asked the above question is, "Let them make an offer, and we'll see."...

1354. Fuel companies announce significant price hikes

Looking at the average prices across Cyprus, we found that the average price of unleaded 95 petrol increased yesterday afternoon, Tuesday, compared to the morning, and now stands at 1.5 euros per liter....

1355. Interior Minister says barbed wire plan 'impractical and politically risky'

In a recent statement, Interior Minister Constantinos Ioannou deemed the idea of placing barbed wire along the Green Line to handle migrant flows as practically impossible and politically dangerous. ...

1356. Revolutionary cancer drug kills all solid tumors, leaves healthy cells intact

Scientists have developed a holy grail cancer drug that kills all solid cancer tumors while leaving other cells unharmed....

1357. Southern Europe shines as affordable summer haven

In an analysis by Allianz Research, holidays in southern European countries retain their cost advantage over other "competitive" summer destinations worldwide, despite rising expenses. ...

1358. Prices of homes and apartments up 7.7% annually

The rise recorded in the housing market in Cyprus during the first quarter of 2023 was significant, as prices continued to increase, especially in apartments, mainly due to higher demand....

1359. Retail trade soars by 8.4% in June

Retail trade turnover increased by 8.4% in value and 6.4% in volume in June 2023 compared to the corresponding month of 2022, according to data presented by the Statistical Service on Tuesday....

1360. Fuel prices on the rise in Cyprus

The prices of fuel in Cyprus are continuously increasing, putting a financial burden on many Cypriot citizens. Last week, the Representative of the Pan-Cyprian Consumer Association, Marios Drousiotis, estimated that there will be another increase of 2-3 cents in prices within days....

1361. Melco Announces Unaudited Second Quarter 2023 Earnings

Melco Resorts & Entertainment Limited (Nasdaq: MLCO), operator of City of Dreams Mediterranean and Cyprus Casinos (“C2”), reported its unaudited financial results for the quarter ended 30 June 2023....

1362. Heatwave with showers and thunderstorms

1363. Government achieves €155.5M surplus in 2023

Cyprus government's surplus for the first half of 2023 increased to €155.5 million, equivalent to 0.5% of GDP, compared to a deficit of €92.4 million (-0.3% of GDP) for the period of January-June 2022, based on preliminary fiscal results from the Statistical Service of Cyprus. ...

1364. Vafeades announces affordable bus service from GSP stadium in a month

Transport Minister Alexis Vafeades addressed the traffic problem, stating that the solution does not lie in building more roads, but rather in reducing the number of cars on the existing roads....

1365. Tourism revenue up by over 40%

A significant increase of 40.7% on an annual basis was recorded in tourism revenue, based on the results of the Traveler Survey of the Cyprus Statistical Service....

1366. Patients endure extended waits for beds amidst shortage

An elderly patient who suffered a stroke had to endure a grueling wait for a hospital bed at Pafos General Hospital's Intensive Care Unit (ICU) on Saturday, 22nd July....

1367. Cyprus elections: End of a political era?

The Intermediate parties are facing survival problems, introspection, and doubts, despite being part of the coalition government....

1368. Coping with the heatwave

The Meteorology Department has issued a new yellow warning for a scorching heatwave expected on Monday....

1369. ACI world's top 10 European airports that never sleep

Airports Council International (ACI World) has published the latest World Airport Traffic Dataset, revealing the top European airports that have experienced the most traffic out of 2,600 airports across more than 180 countries....

1370. Tokyo apologizes for offensive flyers to new moms

There’s nothing a new mother likes more than being told how to please her husband – right?...

1371. Growing up in refugee camps

The painful experience of being violently uprooted, the worry about finding temporary shelter until they could return home, and the hardships faced in refugee camps – which turned into months and even years – are deeply etched in the memories and hearts of the refugees....

1372.  UFO witness exposes government secrets

In a remarkable turn of events, a UFO whistleblower recently testified before a House Oversight Subcommittee on national security, shedding light on bold claims that the Pentagon is concealing evidence of alien spacecraft from Congress....

1373. Sunny days, hot nights

The Meteorological Department has recently issued a new yellow warning for extremely high temperatures. ...

1374. ECB dilemma with core inflation at 5.5%

The European Central Bank (ECB) is almost certain to raise interest rates by 25 basis points in its meeting tomorrow, though what happens next is unclear....

1375. When drugs for weight and diabetes backfire

Joanie Knight has a message for anyone considering drugs like Ozempic or Wegovy, which have become popular for the dramatic weight loss they can help people achieve....

1376. Cyprus banks witness €52.3B growth

Deposits in the Cyprus banking system rose significantly in June totalling €52.3 billion, while liquidity in the banking system amounted to €27.2 billion....

1377. Lawsuit threatens €284.5M PDO halloumi industry

Shortly before the completion of a year (July 22, 2022) since the agreement between the Ministry of Agriculture, producers, cheesemakers, and KEVE, and the implementation of the terms of the European Regulation in the halloumi production chain, it seems that Cyprus' protected cheese is facing new challenges....

1378. Urgent review of Geri's industrial zone

Eleven days later, the fire at the paper and plastic recycling factory in the Industrial Zone of Geriou remains unabated due to the materials involved. ...

1379. Chinese fans embrace 'Barbie' for feminism

In recent years, China’s box office has been dominated by homegrown movies often with a nationalist lean, such as patriotic war epics. But this weekend, a different type of film captured national attention – one that’s decidedly American and bubblegum pink....

1380. Rapid expansion for Cyprus Airways

Cyprus Airways in the first half of 2023 carried a total of 260,000 passengers marking a steep increase of 300% year on year, while it doubled its operations compared with June of last year....