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691. ICT sector powers Cyprus' economic growth

Almost all of the productivity growth in Cyprus' economy over the past three years can be attributed to the Information and Communication Technology......

692. Legal expert asserts Turkey's right to act against alleged Israeli military activities in Cyprus

693. Rentals rise as home ownership trends change

Around 20-25 years ago, Cyprus was renowned for having one of the highest rates of home ownership globally, with figures nearly reaching 78% - 80%, as per the data available then....

694. Eurobank gains green light for 100% acquisition of Hellenic Bank

The Cyprus Securities and Exchange Commission (the “CySEC”) approved on 25 June 2024, the publication of the Takeover Bid Document for the acquisition by Eurobank S.A. of up to 100% of the issued share capital of Hellenic Bank, whose shares are listed on the Main Market of the Cyprus Stock Exchange (“CSE”). ...

695. Cyprus has a long way to go when it comes to EV's

Cyprus lags behind the rest of the European Union in the adoption of battery electric vehicles (BEVs), according to data from the European Alternative Fuels Observatory (EAFO). While growth is noted and targets seem achievable, the country's rate of electric car use remains among the lowest in the EU....

696.  Houses for sale by AstroBank

AstroBank has listed for sale houses in Nicosia, Larnaca, and Paphos that are ideal for own-occupancy....

697. Global giants eye battery storage project in Cyprus

Major global companies like Tesla and Samsung have expressed interest in developing a battery-based electricity storage system in Cyprus, according to Minister of Energy, Trade, and Industry George Papanastasiou. ...

698. Enigmatic 4,000-year-old building found on Crete

A big, round, 4,000-year-old stone building discovered on a Cretan hilltop is puzzling archaeologists and threatening to disrupt a major airport project on the Greek tourist island....

699. Real estate investment opportunities by Astrobank

AstroBank has listed for sale a large residential/commercial field in Peyia as well as other properties that are ideal investment opportunities in Paphos, Famagusta and Nicosia....

700. Standard & Poor’s upgrades Bank of Cyprus rating

Standard & Poor’s (S&P) has upgraded Bank of Cyprus’ long-term issuer rating to BB+, just one notch below investment-grade status, and assigned a positive outlook. This comes shortly after the upgrade of Cyprus’ long-term rating to BBB+, also with a positive outlook....

701. Chevron, Frederick University offer scholarships for female engineers

Frederick University and Chevron are announcing three full scholarships for the academic year 2024-25 for new female students who will enrol in any of the undergraduate programs of study of Frederick University’s School of Engineering in the academic year 2024-25....

702. Cyprus reforms are a comedy of errors in governance

Following last Sunday's vote, the much-publicized local government reform will take effect on July 1. This, like many other reforms, has been carried out in typical Cypriot fashion. ...

703. US, Cyprus launch strategic dialogue post Blinken-Kombos meeting

Cyprus and US confirmed Monday the strategic aspect of their relationship and set the timetable for the beginning of the Strategic Dialogue which is going to be starting in September....

704. Cyprus eyes market return with ten-year bond

Cyprus is gearing up to re-enter the financial markets in the near future to capitalize on the recent positive momentum bolstering its economy....

705. Attorney General continues testimony in Auditor General suspension hearing

The biggest challenge facing the Legal Service is the continuous attacks from the Audit Service and its allies, Attorney General George Savvidis testified on Friday. ...

706. Russian assets to fund Ukraine's defense against Russia

Leaders of the Group of Seven nations have struck a landmark agreement to extend a $50 billion loan to Ukraine, funded by interest earned on Russia’s immobilized central bank assets....

707. Banks blame high interest rates for decline of new loans

Loan demand continued to fall in the first quarter of 2024, with banks blaming high interest rates for the decline. ...

708. Agency reports strong start to 2024, continues paying off state debt

KEDIPES, Cyprus' state-owned asset management agency, announced a €144 million cash inflow for the first quarter of 2024. The agency also made a €140 million repayment to the state, bringing the total repayment to €1.3 billion since it started in September 2018....

709. Unveiling the earliest account of Jesus Christ's childhood

A recently unearthed manuscript, dating back to the 4th or 5th century, tucked away in the Hamburg Carl von Ossietzky State and University Library, has been identified by researchers as the earliest surviving account of Jesus Christ's childhood....

710. CBC chief warns: Tax on big profits could hurt economy

The new Governor of the Central Bank of Cyprus (CBC), Christodoulos Patsalides, expressed opposition to a windfall profits tax, which is a tax imposed by governments on companies that have experienced unexpectedly large profits,...

711. Auditor General's dismissal hearing begins

The hearing for the dismissal of the Auditor General of the Republic, Odysseus Michaelides, begins today, Wednesday, June 12. Attorney General George Savvidis will be the first witness to testify....

712. Real estate investment opportunities by Astrobank

Two apartment complexes, residential fields, and other properties in various areas of Cyprus that are ideal for investment have been listed for sale by AstroBank....

713. Moderna's combined COVID-Flu vaccine proves effective

Moderna's combined COVID-19 and flu vaccine has demonstrated efficacy equivalent to that of separate shots in late-stage trials, according to results published on Monday. ...

714. Independents and far-right candidates gain seats in EU parliament

In a historic turn of events, Cyprus witnessed significant changes in its representation in the European Parliament as results from the June 9th election rolled in....

715. YouTube star shakes up Cyprus politics

The case of the popular content creator, Fidias Panayiotou, known for his presence on TikTok and YouTube, has stirred significant interest since the onset of this year's dual elections. ...

716. Fitch upgrades Cyprus to 'BBB+'

Fitch Ratings has upgraded Cyprus' Long-Term Foreign Currency Issuer Default Rating from 'BBB' to 'BBB+' with a positive outlook....

717. Bison return to Portugal after thousands of years

Rewilding Europe is thrilled to announce the arrival of a small herd of bison in a large valley in Portugal....

718. Cyprus inflation could offset ECB rate cut benefits

The European Central Bank (ECB) cut its three key interest rates by 25 basis points on Thursday, marking the first reduction after nearly two years of increases or stasis. ...

719. Cyprus and Montenegro strengthen ties

Cyprus President Nikos Christodoulides extended a warm welcome to Montenegro's President Jakov Milatović on Monday during his official visit to Cyprus, expressing Cyprus' readiness to provide technical support to Montenegro as it aligns further with European standards....

720. Cyprus bids farewell to Jho Low, its lost ''diamond''

I must confess, upon hearing the news, I almost burst into tears. ...