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631. Larnaca Marina gets €30M upgrade, port project postponed

The government abandoned the joint development of the Larnaca port and marina, announcing on Thursday projects estimated at over €30 million to upgrade the marina and the surrounding area, heeding the suggestions of the city’s local stakeholders....

632. Cyprus sees significant uptick in new loans

In June 2024, new loans in Cyprus substantially increased, reaching €330.6 million, up from €234.9 million in May. Data from the Central Bank of Cyprus (CBC) show that total new loans, which include both new and renegotiated contracts, climbed to €514.9 million from €391.6 million the previous month....

633. Cyprus government rakes in over €424M in surpluses this year

Cyprus has reported a substantial budget surplus of €424.5 million for the first half of 2024, a huge increase from the €62 million surplus during the same period last year. ...

634. 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. ...

635. Eurobank to revamp Hellenic Bank's leadership in September

Eurobank is now focusing on the next steps following the completion of its tender offer for a 100% acquisition of Hellenic Bank, finalized on Tuesday, June 30, 2024. ...

636. EU plans two-phase trade strategy if Trump wins presidency

Brussels is developing a two-phase trade strategy in response to the potential nomination of Donald Trump in the upcoming U.S. presidential election in November....

637. Greek firms fuel business expansion across Cyprus

The investment climate in Cyprus has significantly improved since the crisis era of 2013, attracting substantial interest from Greek companies....

638. Unlock a whole new world with the new mobile App of Ayia Napa Marina!

639. EU nations push back against von der Leyen’s dual nominee request

A power struggle is intensifying between EU member states and European Commission President Ursula von der Leyen over the composition of the new Commission....

640. Accident reveals 'mind-blowing' sulfur crystals on Mars

NASA’s Curiosity rover has made its most unusual find on Mars: rocks made of pure sulfur....

641. CBC enforces 11.76% cap on loan interest rates

The Central Bank of Cyprus, exercising its powers under article 314A of the Cyprus Penal Code, Cap.154, and in accordance with its provisions, determines the reference interest rate to be 11.76%....

642. EU Prosecutor probes Vasilikos LNG project for fraud

The European Public Prosecutor's Office (EPPO) has launched an investigation into the Vasilikos liquefied natural gas (LNG) import terminal project in Cyprus, amid suspicions of public procurement fraud, misappropriation of EU funds, and corruption. ...

643. Cyprus eyes key EU portfolio in von der Leyen’s second commission

As EU member states finalize the 26 names for Ursula von der Leyen's second European Commission......

644. Large residential fields for sale by AstroBank

645. Mother accuses legal service of cover-up in Thanasis' death

Andriana Nikolaou, the mother of National Guardsman Thanasis Nikolaou, launched a new attack on the Legal Service following coroner Panikos Stavrianou's request to overturn a previous conclusion by death investigator Dorias Varosiotou....

646. Cyprus to decide on Great Sea Interconnector this August

Important decisions concerning the Great Sea Interconnector, an electric cable linking Cyprus and Greece, are anticipated in August. ...

647. Anastasiades speaks out on Cyprus solution, corruption, and political ties

In one of his most candid interviews to date, former President Nicos Anastasiades discussed the Cyprus problem and the talks held in Crans-Montana with Marina Economides in "K". ...

648. Supreme Court stands firm, guarantors must pay €30K loan debt

In a unanimous decision, the Supreme Court of Cyprus has dismissed the appeal of two individuals contesting a ruling by the Paphos District Court, which held them liable for €30,244.32 plus interest and costs, as guarantors of a business loan granted by Laiki Bank in 2002....

649. Harris raises $50M after Biden's exit

Vice President Kamala Harris’ presidential campaign has raised nearly $50 million in grassroots donations since President Joe Biden suspended his re-election bid and endorsed her, Fox News Digital reports....

650. 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....

651. Apartment prices up 13.9% yearly, house price growth slows

In the first quarter of 2024, house price growth showed a slight slowdown, while apartment prices continued to rise....

652. Cyprus grapples with displacement 50 years after Turkish invasion

The violent displacement of tens of thousands of Cypriots following the Turkish invasion in July 1974 remains a festering wound for Cyprus....

653. Cyprus secures €30 million EU grant for enhanced maritime surveillance

Cyprus has secured an additional €30 million in funding from the European Commission to enhance its maritime surveillance capabilities. This funding follows the successful selection...

654. 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....

655. Transparency concerns cloud EU vote on Ursula von der Leyen's presidency

The political fate of Ursula von der Leyen hangs in the balance today as 720 Members of the European Parliament convene in Strasbourg at 1 p.m. local time......

656. EU court rules against secrecy in COVID-19 vaccine contracts

The European Commission was wrong to limit public access to certain details in contracts for COVID-19 vaccines, according to a ruling from the EU's second-highest court on Thursday....

657. Jamie Dimon eyed for treasury secretary by Trump

Former President Donald Trump stated in an interview with Bloomberg that he has no intention of removing Federal Reserve Chair Jerome Powell from his position before Powell's term concludes....

658. Real estate investment opportunities by AstroBank

Apartments, beachfront land, commercial properties and other investment opportunities are available for sale by AstroBank in Paphos, Famagusta, Larnaca and Nicosia....

659. Are we in a real estate bubble?

The real estate market has been steadily rising since 2015, marking the ninth consecutive year of growth in the sector. However, this broad trend has not been without fluctuations, particularly influenced by the economic disruptions of the pandemic era. Monthly analyses of transaction numbers and volumes from this platform illustrate these ups and downs....

660. 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. ...