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1231. Croatia tops the list for summer escapes

Croatia has recently gained considerable popularity as a top holiday escape for tourists around the world, particularly attracting the interest of travellers coming from Britain....

1232. Money blues: Why's the economy going South?

"Currency developments validate predictions made some time ago. The high interest rate environment will be a new reality accompanying us for several years," former Minister of Finance Constantinos Petrides stated in a post on the platform 'X'....

1233. Museum curator sacked for selling priceless artifacts on Ebay

A member of staff who was allegedly stealing priceless items from the British Museum was named to bosses three years ago - after they went up for sale on eBay....

1234. Cyprus faces deceleration amid inflation and rising rates

Cyprus' economy experienced a slowdown in the second quarter of 2023, prompting inquiries about the situation. According to the preliminary estimate provided by the Statistical Service, ...

1235. UK inflation dips to 17-month low

UK inflation eased to a 17-month low in July, official data showed Wednesday, though it also revealed that prices of services, such as haircuts, hotels and restaurants, increased at a faster pace than the previous month. ...

1236. Cabinet to gather in Troodos for informal objectives meeting

An informal meeting of the Cabinet will take place on August 25 at the presidential residence in Troodos Mountain, under President, Nikos Christodoulides, during which the Ministries and the Deputy Ministries will present their objectives and priorities, Deputy Minister to President Irene Pikis has told the Cyprus News Agency (CNA)....

1237. Media's credibility challenged amidst political allegations

I'm interested in a proper investigation of the Kanari - Giannaki dispute, not who's right or wrong....

1238. Russia implements bold rate hike amidst economic challenges

Russia's central bank took swift action today, increasing its key interest rate by 350 basis points from 8.5 percent to 12 percent. This urgent move aimed to counteract the recent decline of the ruble, which was triggered by the Kremlin's call for stricter monetary policy....

1239. Tourism's dynamic future: Adapting to change from within

It's something we've heard many times from tourism authorities, that 2019 should no longer be used as a point of reference for tourism....

1240. Health Minister's high-stakes gamble under scrutiny

As time goes by, the Christodoulides government resembles a family soap opera, which before it becomes tiresome and dull, captivates once again as a new protagonist emerges, renewing interest. ...

1241. Jordan downs drug-carrying drone from Syria

The Jordanian military announced today that they successfully shot down a drone flying over their territory, carrying the drug crystal meth, which originated from neighboring Syria, as reported by the Petra agency....

1242. Russia's ruble drops to lowest level since 2022 conflict

The Russian ruble slid past 100 against the dollar Monday, its lowest level since March 23, 2022 -- weeks after Moscow unleashed full-scale hostilities in Ukraine....

1243. Cyprus tourism up 32%, upbeat outlook

Tourism in Cyprus has recorded a 32% increase this year compared to last year, according to Deputy Minister of Tourism Kostas Koumis....

1244. Petrides: ''EIB denies EuroAsia funding, government's involvement a no-go''

Constantinos Petrides, the former Finance Minister, has reacted to the recent refusal of the European Investment Bank (EIB) to provide funding for the EuroAsia Interconnector electricity interconnection project....

1245. EuroAsia interconnector loan denied by European Investment Bank

The European Investment Bank will not approve a loan for financing the electricity interconnection project between Cyprus, Greece, and Israel through the EuroAsia Interconnector, as confirmed by a representative from the EIB in an interview with "K" magazine....

1246. Startups get boost from new PRE-SEED program

The Research and Innovation Foundation (RIF) has introduced the PRE-SEED program, welcoming entrepreneurs and early-stage startups with open arms. The program offers aspiring business owners the opportunity to secure equity-free funding,...

1247. Averof: Russian consulate in occupied areas ''Extremely Dangerous''

In a written statement, Averof Neofytou expressed deep reservations about Cyprus' intricate diplomatic position. Neofytou highlighted the complex juggling act that Cyprus finds itself performing between Western perceptions and Russian interests....

1248. Planned Russian consulate paves way for 'direct' changes

Amidst renewed claims and developments in diplomatic circles, Star Kibris newspaper affirms that direct flights from Russia to the occupied territories are on the horizon....

1249. Record surge in loan renegotiations amidst rising interest rates

Loan renegotiation in the Cyprus banking system spiked to record levels in the first half of 2023, driven mainly by the repeated interest rate hikes by the European Central Bank (ECB) in its effort to tackle soaring inflation....

1250. Twitter parody account in hot seat amid controversy

The satirical Twitter account titled ''Jho Low the President's Godson'' has come under scrutiny. As per a post on Wednesday, the account disclosed that it had been notified by the social media platform that a complaint had been filed by the Cyprus Police....

1251. Electrifying Cyprus: Only 2.5K EVs drive the change

A total of 26,462 vehicles have been registered with the Department of Road Transport between January and July 2023, according to the most recent data released by the Department of Statistics. Out of the overall new registrations, 701 were electric vehicles, with 502 of them being private saloon cars....

1252. 2022 marks best real estate year in 14 years

DANOS, a prominent real estate consulting agency, hails 2022 as a remarkable year for Cyprus real estate, breaking through the economic challenges and awakening from the post-COVID stagnation. ...

1253. Luxurious residences and cutting-edge offices transform Nicosia's skyline

After being closed for two years, the Landmark Hotel, formerly known as the Hilton, is undergoing rapid renovation. The MHV Group, the owner, has provided an update indicating that the project is progressing swiftly according to the plan, ...

1254. BOC reports €220 million profit for first half of 2023

Bank of Cyprus Group has reported a robust profit after tax of €220 million for the first half of 2023, a significant leap from the €43 million recorded in the same period of 2022. Notably, €125 million of these profits were achieved in the second quarter of 2023....

1255. Building and agricultural land for sale by AstroBank

1256. Italy surprises banks with 40% windfall tax

Italy's rightwing coalition sent shockwaves through the financial markets as it announced an unforeseen 40% tax on bank profits derived from higher interest rates. ...

1257. Is there a need for radical changes in civil protection?

The catastrophic fire in Rhodes, a typical and unfortunate example of what is internationally referred to as a mega-fire - a fire that is extremely destructive to the local environment...

1258. Cyprus hotels expect August rebound, 85%-90% occupancy forecasted

The occupancy of hotels in July was between 80%-85% and better results are expected for August, when occupancy rates could reach 85%-90% the Head of the Cyprus Hotels Association (PASYXE) Thanos Michaelides told the Cyprus News Agency....

1259. Cyprus approves €35M plan for high-speed internet in rural areas

Cyprus Commissioner for state aid control Stella Michaelidou announced the approval of a €35-million subsidy scheme aiming to create very high capacity network (VHCN) connectivity in mainly rural areas that do not attract private sector interest....

1260. The EuroAsia saga continues

In a statement to ''K'' news, the European Commission expressed its appreciation for the recent signing of the cable purchase agreement for the EuroAsia Interconnector....