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1321. 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. ...

1322. 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....

1323. 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....

1324. 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....

1325. 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....

1326. 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....

1327. 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,...

1328. 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....

1329. 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....

1330. 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....

1331. 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....

1332. 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....

1333. 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. ...

1334. 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, ...

1335. 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....

1336. Building and agricultural land for sale by AstroBank

1337. 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. ...

1338. 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...

1339. 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....

1340. 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....

1341. 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....

1342. Harvard professor of 'honesty' faces fraud allegations in startling twist

In an ironic twist in the world of behavioral science, a Harvard professor who studies honesty has been accused of data fraud....

1343. Strongest work-from-home rights for Australians

Before COVID-19 sent one-third of the global workforce home, the Melbourne property surveyor that employs drone operator Nicholas Coomber called its 180-strong staff into the office every day at 9 a.m. to hand out assignments....

1344. Is Poland upset with Ukraine?

The eastern flank of the European Union — particularly Poland — continues to play a crucial role in helping Ukraine fight against Russia’s invasion. A recent diplomatic squabble over grain imports, compounded by historical issues, puts the once-stable footing at risk....

1345. Nicos Nouris to run for Nicosia Mayor

Former Minister of Interior, Nikos Nouris, has hinted at the possibility of running for the position of Nicosia Mayor....

1346. Embracing digital opportunities for stronger bonds

Digitalization can be a powerful mechanism that brings Greek Cypriots and Turkish Cypriots closer together, provided that incentives are given. ...

1347. Corporate loans above €1 million surge

The net new loans (excluding restructurings) in Cyprus amounted to €1.73 billion in the first half of 2023, showing a slight annual increase of 1.26%. The continuous interest rate hikes by the European Central Bank significantly slowed down the granting of housing loans....

1348. Eurobank Cyprus reports soaring profits amid rising interest rates

Eurobank Cyprus posted soaring profitability after tax for the first half of 2023 with net profits approaching the profitability of full year 2022, due to rising interest rates and the high remuneration of its liquidity held at the ECB....

1349. Should you sell your family business?

A common response from family business owners when asked the above question is, "Let them make an offer, and we'll see."...

1350. Prices of homes and apartments up 7.7% annually

The rise recorded in the housing market in Cyprus during the first quarter of 2023 was significant, as prices continued to increase, especially in apartments, mainly due to higher demand....