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91. Euro-Turkey relations, the Cyprus problem, and an intangible connection

On Thursday morning, High Representative Josep Borrell nearly overlooked mentioning the lunch discussion with Turkish Foreign Minister Hakan Fidan about Euro-Turkish relations at the informal EU foreign ministers' meeting....

92. Cyprus' illusion of prosperity as unemployment numbers mask realities

In its analysis, the Central Bank of Cyprus notes that in the first quarter of 2024, unemployment fell to 6%, the lowest level since 2009....

93. Larnaca airport seizes 48 Kg tobacco and 145 cigarette cartons

Cyprus customs officials seized 48 kilograms of roll-your-own tobacco and 145 cartons of cigarettes from two passengers at Larnaca Airport on Tuesday, August 27....

94. Real estate investment opportunities by AstroBank

AstroBank is selling an unfinished commercial building in Strovolos and other commercial, residential and agricultural properties that are ideal investment opportunities in Nicosia, Famagusta, and Paphos....

95. Cyprus sees unprecedented 80% drop in asylum applications

Cyprus experienced a sharp reduction in first-time asylum applications in May 2024, marking an over 80% decrease from the previous month, according to data released by Eurostat. ...

96. Cyprus finalizes 2025 budget with focus on export growth

The Council of Ministers is set to finalize discussions on the 2025 state budget by mid-September, as confirmed by Finance Minister Makis Keravnos. ...

97. The Cypriot Hill Station

"Next Thursday, His Excellency the High Commissioner will depart from here with his family to go to his residence in Troodos for a vacation."(June 25, 1910). ...

98. WHO declares Mpox outbreak in Africa a global health emergency

Danish biotech company Bavarian Nordic announced Friday that it has submitted data to the European Union’s drug regulator, seeking approval to expand the use of its mpox (formerly monkeypox) vaccine to adolescents aged 12 to 17....

99. Power issue may have sparked deadliest wildfire in Greece

Investigators suspect a faulty power cable may have caused Greece’s worst wildfire this year, said sources close to a probe over the blaze that killed one woman and torched 10,000 hectares near Athens, covering a total area about the size of Paris....

100. Twitter hit with €550,000 fine for firing worker over Musk’s email

Twitter has been ordered to pay a record €550,000 (£470,000) to Gary Rooney, a former senior employee at its Dublin office, after being found to have unfairly dismissed him....

101. Today marks 19 years since Helios Airways' fatal crash

Nineteen years have passed since the tragic crash on August 14, 2005, of the Boeing 737-31S aircraft of Helios Airways in the mountainous area of Grammatiko in Attica, Greece. ...

102. Cyprus tourism holds steady despite Middle East tensions

According to Kathimerini's Apostolos Tomaras, tourism in Cyprus remains strong despite geopolitical tensions in the Middle East. The summer season has shown a slight increase in tourist arrivals compared to last year, with current figures indicating a positive trend. Tourism receipts up to May have mirrored this performance, suggesting that Cyprus' tourism sector is holding steady....

103. Cyprus is growing older and smarter

Cyprus' population is aging and becoming more educated, according to final results from the 2021 Census of Population and Housing released on Friday by the Statistical Service. Conducted in government-controlled areas, the census recorded a population of 923,381 as of October 1, 2021, reflecting a 9.9% increase from the 2011 census....

104. EU demands Cyprus return €101M in energy project funds

The Republic of Cyprus is preparing to respond to the European Commission by the first week of September regarding a demand to return €101 million in funding that was allocated for the Vasilikos energy terminal, Energy, Trade, and Industry Minister George Papanastasiou said Thursday....

105. Building permits surge 8.5% in early 2024

Building permits issued during the period January-May 2024 went up by 8.5%, according to data published on Wednesday by the Statistical Service....

106. Central Bank revises GDP growth to 3%

The Central Bank of Cyprus (CBC) made a conservative upward revision to the GDP growth rate for 2024, by 0.2 percentage points, to 3%......

107. Cypriot banks show resilience amid challenges, says CBC Governor

Despite the continuous challenges, the Cypriot banking system continues to register a positive course, which is reflected in the main supervisory indicators, Governor of the Central Bank of Cyprus (CBC), ...

108. Two suspects in Limassol double murder remanded for 8 days

Two men, aged 19 and 23, were remanded for eight days on Friday in connection with a double murder investigation. ...

109. Bank of England cuts interest rates after nearly a year of stability

The Bank of England (BoE) has cut interest rates for the first time since the start of the COVID-19 pandemic, dropping them from a 16-year high. This decision, made by a narrow 5-4 vote, reflects a split among policymakers about whether inflation is under control....

110. Father arrested for negligence in death of newborn in Nicosia

A case of severe negligence leading to the death of a three-month-old baby girl has shocked Cyprus. Authorities have arrested the 23-year-old father and are seeking the 22-year-old mother, who is believed to have fled to Greece....

111. Real estate investment opportunities by AstroBank

AstroBank is selling an unfinished commercial building in Strovolos and other commercial, residnetal and agricultural properties that are ideal investment opportunities in Nicosia, Larnaca, Famagusta, and Paphos. ...

112. Large residential fields for sale by AstroBank

113. Multiple violations on Pervolia beaches

An official from the Office of the Environment Commissioner has uncovered several violations on the beaches of Pervolia, including unauthorized shacks operating as bars, use of electricity, absence of a lifeguard tower, and vehicle movement on the beaches....

114. Historic Artemis statue found at Kourion site

A marble statue of Apollo’s twin sister Artemis dated to the fourth century CE was found during the 2024 final excavation season of the Kourion Urban Space Project....

115. Market changes, Eurobank's move, and economic struggles

Bank of Cyprus shares were delisted from the Athens Stock Exchange following the 2013 financial crisis and the turbulent merger with Laiki Bank, including the depositor haircut...

116. EU faces internal struggle over Hungarian presidency boycott

According to Kathimerini's Pavlos Xanthoulis, the European Union is facing a delicate situation as it grapples with the Hungarian Presidency and the upcoming informal Council of Foreign Ministers, known as Gymnich, scheduled for August 28-29 in Budapest....

117. Biden withdraws from US Presidential race

President Joe Biden has withdrawn from the 2024 presidential race, a decision that injects significant uncertainty into the Democratic nomination process just months before the November election against Donald Trump. ...

118. Cyprus' political failure 50 years on

The 20th of July will mark the day the Turkish Army invaded and occupied 40% of the island of Cyprus. Greece’s Prime Minister Mitsotakis, dignitaries and other heads of state will be welcomed as guests by President Christodoulides to commemorate that historical dark event but to also make the customary petty speeches aimed to tickle people’s ears....

119. ECB keeps interest rates steady amid mixed inflation signals

The European Central Bank decided today to keep its key interest rates unchanged, as anticipated. This means the rates for main refinancing operations, marginal financing, and deposit facilities remain steady at 4.25%, 4.50%, and 3.75%, respectively....

120. Solar-powered 'smart benches' to monitor air quality in Greece