Search

1681. Sustainability is the name of the game

The Deputy Ministry of Tourism in Cyprus has announced plans to create a new tourism strategy with a horizon of 2035. ...

1682. Bank deposits increase by €357.1 million in February

Total deposits in February 2023 recorded a net increase of €357.1 million, compared with a net decrease of €583,8 million in January 2023....

1683. Keravnos urges banks to restructure loans and keep rates low

Cyprus Finance Minister Makis Keravnos has urged banks to restructure loans, maintain low lending rates and bank charges, and increase deposit rates in light of continued basic rate hikes by Central Banks. He warned that otherwise the government "would make different thoughts."...

1684. Saudi National Bank president resigns

The chairman of Saudi National Bank, which was the main shareholder of Credit Suisse before its takeover earlier this month, has resigned, according to a statement published on the Saudi stock exchange....

1685. Asylum applications up by 490% since 2016

Interior Minister Constantinos Ioannou told MPs on Thursday that the number of applications for international protection increased by 490% since 2016, pointing out the need to implement an EU action plan for the Eastern Mediterranean with a view to reducing migratory flows....

1686. Ministers band together to improve Cyprus ports

Ministers responsible for Transport, Shipping and Tourism visited on Thursday the new DP World Limassol passenger terminal to express their determination to work together to resolve any problems and improve services....

1687. Slight increase in fuel prices

A slight increase in fuel prices was recorded in the last three weeks in Cyprus, according to the Consumer Protection Service (CPS) of the Ministry of Energy, Commerce and Industry. ...

1688. Protests continue as Macron stands firm on pension reform

French workers angry with President Emmanuel Macron and his plan to raise the pension age blocked access to a terminal at Paris' main airport on Thursday as part of a nationwide day of protests, forcing some travelers to get there on foot....

1689. US report: Harsh conditions in Cyprus prisons

The US State Department's Human Rights in Cyprus 2022 report highlights significant human rights issues in Cyprus. The report states that there were credible reports of harsh conditions in prisons and detention centers, particularly for asylum seekers....

1690. Marinas of the future with antiquated regulations

The need to modernize marina legislation was raised before the House Commerce Committee, with its chairman, Kyriakos Hatzigiannis, declaring his willingness to move forward with a legislative proposal....

1691. Many Cypriots are climate-aware and ready to fight

According to the European Investment Bank's (EIB) annual Climate Survey, 83% of Cypriots under 30 consider the environmental impact of their future job to be a significant factor in their career choice, while 25% consider it a top priority....

1692. US report on Cyprus notes rise of antisemitism

A US report on Cyprus highlights significant human rights issues including reports of abuse and harsh conditions in detention centers for asylum seekers...

1693. Employers and labor unions can't agree on COLA issue

Employers and unions continue to take opposing positions on the issue of Cost of Living Allowance. (COLA). One of the most pressing issues for the Labour Minister, who has already held the first separate meetings with the four unions PASYDY, PEO, SEK, and DEOK. ...

1694. Banks and artificial intelligence

Artificial intelligence is a technology that is based on a machine's ability to perform procedures and make decisions based on data analysis and learning....

1695. High prices continue to plague the market

1696. Cocaine use in Cyprus low compared to European average

Larnaca and Limassol have the highest use of methamphetamine in Cyprus, according to a study conducted by the European Monitoring Centre for Drugs and Drug Addiction....

1697. Cyprus chips in as EU seeks quick ammo for Ukraine

The Republic of Cyprus has joined other EU member states as the European Defence Agency sought ways to procure ammunition for Ukraine, but ammo from Nicosia to Kiev is not expected any time soon...

1698. EU states need foreign workers and are changing their requirements

Working in EU: Recent Changes You Must Be Aware of If You Are Planning to Get a Job in Any of the Member States...

1699. Construction materials up by 10.73% in February 2023

The Price Index of Construction Materials for February 2023 reached 136.10 units (base year 2015=100), recording an increase of 10.73%, according to data published by the Statistical Service of Cyprus on Monday....

1700. The countdown to the Green Line guards has begun

The swearing-in of the first 221 special constables who will be in charge of guarding the Green Line is a step forward in the implementation of plans to increase measures to stop illegal flows from the occupied part of Cyprus. ...

1701. One in two Cypriots considers it easy to start a business

Approximately one in two Cypriots considers it easy to start a business in Cyprus, according to the Global Entrepreneurship Monitor (GEM) Cyprus Report 2021/2022...

1702. Travel between US and Europe increased by 87% in February 2023

The recent data released from the International Trade Administration (ITA) has revealed that international air travel to and from the United States and Europe saw an increase of 87.1 percent in February 2023,...

1703. Austrian chancellor calls for 'very high' walls at EU borders

Austrian Chancellor Karl Nehammer has demanded that the EU external border should be fenced by a high wall in an effort to curb illegal migration as more refugees are coming to Europe....

1704. March continues to bring rain and dust

Rain and increased dust levels appear to be the weather forecast for the next few days. Panagiotis Georgiou, Meteorological Officer, told "K" that isolated localized showers are expected on Thursday and Friday, with the possibility of thunderstorms....

1705. Saturday's blackout caused by increase in renewable energy usage

Sotos Savva, president of the Association of Scientific Power Generation AHK (SEPAIK), linked problems caused by the increased use of renewable energy sources, particularly the majority of photovoltaic panels, to Saturday's 15-minute power outage across Cyprus....

1706. 'Cyprus banking system ready to absorb shocks'

Tasos Yasemidis, an economist, spoke to "SPOR FM 95.0" and the "DIASPORA NEWS" show about the deal for the acquisition of Swiss bank Credit Suisse by UBS and how it affects the banking sector in Cyprus, ...

1707. Italy weighs in as Cypriot fund goes after Lukoil plant

An Israeli-backed Cypriot fund’s deal to buy a Lukoil-owned refinery in Italy is hanging in the balance ahead of a Cabinet meeting in Rome possibly this week, when veto powers would be weighed against energy hub aspirations that could replace Russian gas and put the final nail in the coffin of a proposed EastMed pipeline...

1708. Inflation sees downward trend for 7th month in a row

The cost of living in Cyprus has decreased for the seventh month in a row, with the rate of inflation dropping to 6.7% in February. This is down from a peak of 10.6% in July 2022. ...

1709. Get ready for stormy weather

The Cyprus Meteorological Department has issued a new yellow warning for isolated severe thunderstorms, which will be in effect from 23:00 tonight until 17:00 tomorrow afternoon. ...

1710. Pseudo-state increases vehicle insurance rates

The pseudo-state in the occupied territories has decided to raise vehicle insurance fees for Greek Cypriots and foreign visitors passing through the free areas....