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91. Industrial turnover index hits 152.7 units in July 2024

In July 2024, the Industrial Turnover Index reached 152.7 units (base 2021=100), recording an increase of 6.,3% compared to July 2023, according to data published by the Statistical Service on Friday....

92. Cyprus’ dirty waste secret haunts ex-Minister eyeing EU job

A waste management scandal in Cyprus is casting a shadow over former environment minister Costas Kadis, just as he seeks a prominent position in the European Union....

93. Kremlin pushes procreation amid declining birthrate, encourages 'sex at work'

Russia’s top health official has urged workers to consider procreation during breaks, as part of an effort to counter the country’s population decline, a move supported by President Vladimir Putin’s long-standing push for higher birth rates....

94. Hezbollah and Israel trade heavy fire as conflict escalates

Hezbollah and Israel exchanged intense fire Sunday, with the Lebanese militant group launching rockets deep into northern Israel following one of the heaviest bombardments of the year....

95. Convicted murderer still at large 17 years after prison escape

Seventeen years after escaping from Cyprus' Central Prison, convicted murderer Panagiotis Netzati remains on the run, with his name still listed on Interpol’s most-wanted list....

96. 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. ...

97. Cyprus banks praised by US for stronger sanctions enforcement

US sanctions imposed on entities and individuals in Cyprus are not targeting the country, but “oligarchs and arms traders” enabling “the Kremlin war machine” to continue the war in Ukraine......

98. ECB set to cut key interest rate by 0.25% in upcoming meeting

The European Central Bank (ECB) is expected to reduce its key interest rate by 0.25% on Thursday, according to most economists in Greece and the Eurozone....

99. 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....

100. Russian industrial giants warn of bankruptcy amid sanctions impact

More than 20 major Russian industrial companies, including those in the construction, automotive, and household appliance sectors, have warned they are on the brink of bankruptcy and could halt operations. In a letter to Anton Alikhanov......

101. Tatar advocates strengthening of security forces in occupied Cyprus

Turkish Cypriot leader Ersin Tatar has voiced support for bolstering the "security forces" in the self-declared Turkish Republic of Northern Cyprus, claiming that these forces have evolved into a "regular army" since 1976. ...

102. Cyprus inflation slows to 2.4% in July

Consumer prices in Cyprus are rising more slowly, with the annual inflation rate dropping to 2.4% in July, down from 3% in June, according to the Statistical Service of Cyprus (Cystat)....

103. Trade deficit slashed by 20% in 2024 amid falling imports

Cyprus saw its trade deficit shrink by over 20% in the first half of 2024, according to the latest data from the Statistical Service. The trade deficit, which is the difference between what the country imports and exports, fell to €3.57 billion, down from €4.48 billion during the same period in 2023....

104. Cyprus’ green energy struggles as market changes loom

Cyprus is gearing up for a major shake-up in its electricity market by 2025, but concerns are growing over how this will impact investments in renewable energy....

105. First phase of Nicosia highway opens, connecting major cities

The completion of the Nicosia Peripheral Highway project will ensure seamless and continuous traffic flow between western Nicosia and Larnaca......

106. Cyprus boosts R&D Funding by nearly 20%, spending €138M in 2023

Cyprus significantly boosted its investment in research and development (R&D) in 2023, with government budget allocations rising by 19.8% compared to the previous year, according to new data from Eurostat. This increase is notably higher than the average 5.3% rise observed across the European Union during the same period....

107. First section of Nicosia's new motorway opens August 8

The first phase of the Nicosia Peripheral Motorway (A1) will open to traffic on Thursday, August 8, 2024, at 12:00 p.m., the Public Works Department announced....

108. Salmon return to Derbyshire river for first time in a century

After years of feeding in the ocean, these salmon have an incredible ability to return hundreds of miles upstream to the same river stretch where they were born to breed and lay eggs....

109. Philippine tanker sinks, spilling 1,500 tons of fuel

A marine tanker carrying industrial fuel sank in rough seas off the Philippines on Thursday, causing a large oil spill as coast guard rescuers searched for a missing crew member, officials said....

110. Turn your land or roof into income and help combat climate change

As the world grapples with the intensifying effects of climate change, marked by record-breaking temperatures from June 2023 onwards, the call to shift towards sustainable practices has never been more urgent....

111. Polis Chrysochous plans industrial zone, €141M investment

The municipality of Polis Chrysochous is set to undergo a transformative development phase with planned projects totaling €141 million over the coming years, as announced by Mayor Yiotos Papachristofis. ...

112. 'Land of Tomorrow' set to transform Larnaca's coastline

The coastal community development project, ''Land of Tomorrow,'' is set to transform the industrial image of Dhekelia in Larnaca into a modern and sustainable urban environment. ...

113. Cyprus exports decline sharply while imports see a modest rise

Cyprus saw its trade deficit grow in May 2024, largely due to a significant drop in exports and a slight increase in imports, according to recent data from the Cyprus Statistical Service. The trade deficit for May 2024 was €693.4 million, up from €578.2 million in May 2023....

114. Industries expanded in 2022 as Cyprus saw more jobs, higher production

Cyprus saw more people employed in factories and related industries in 2022 compared to the year before, with a 3% increase in jobs. The value of goods produced also went up significantly by 21.2%....

115. Resolution on drug shortage issue expected next week

Health Minister Michalis Damianos anticipates a solution to the ongoing drug shortage issue by early next week, he announced Friday....

116. Cyprus President meets business leaders on HR, energy, and tax

117. Government halts heavy industry in Vasilikos

The Cypriot government has granted a long-standing request from the Vasilikos area's coordinating committee, prohibiting further heavy industry licensing in the region....

118. Propane tank explosion in Turkey kills 5, injures 63

A propane tank explosion at a restaurant in Izmir, Turkey, has claimed the lives of at least five people and injured 63 others....

119. Illegal residency soars in occupied Cyprus

The number of illegal residents in occupied Cyprus has surged to 83,000, marking a significant increase in undocumented individuals, according to data released by the "Ministry of Interior" and reported by Yeni Duzen newspaper....

120. Government extends subsidies to ease cost of living crisis

The Cabinet approved a proposal on Wednesday by Finance Minister Makis Keravnos to extend measures aimed at compensating for the living costs of Cypriot households. Government Spokesperson Konstantinos Letymbiotis announced the decision following the Cabinet meeting....