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1501. 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....

1502. 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....

1503. 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....

1504. 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....

1505. 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. ...

1506. 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, ...

1507. 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....

1508. Building and agricultural land for sale by AstroBank

1509. 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. ...

1510. 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...

1511. 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....

1512. 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....

1513. 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....

1514. 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....

1515. 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....

1516. 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....

1517. 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....

1518. 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. ...

1519. 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....

1520. 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....

1521. 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."...

1522. 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....

1523. Government achieves €155.5M surplus in 2023

Cyprus government's surplus for the first half of 2023 increased to €155.5 million, equivalent to 0.5% of GDP, compared to a deficit of €92.4 million (-0.3% of GDP) for the period of January-June 2022, based on preliminary fiscal results from the Statistical Service of Cyprus. ...

1524. Vafeades announces affordable bus service from GSP stadium in a month

Transport Minister Alexis Vafeades addressed the traffic problem, stating that the solution does not lie in building more roads, but rather in reducing the number of cars on the existing roads....

1525. Growing up in refugee camps

The painful experience of being violently uprooted, the worry about finding temporary shelter until they could return home, and the hardships faced in refugee camps – which turned into months and even years – are deeply etched in the memories and hearts of the refugees....

1526. European leaders standing firm against Erdogan's tactics

Turkish President Recep Tayyip Erdogan is riding high after extorting Europe and forcing not only Sweden but also NATO to humiliate themselves as supplicants caving to extortion. ...

1527. Europe dominates 7/10 searched summer getaways

The European destinations continue to have the highest travel interest this summer, while Asia Pacific has experienced a surge in popularity, a recent research by Skift has revealed, showing the ten most searched destinations for travel in the summer of 2023 is led by Bangkok, Thailand....

1528. ECB dilemma with core inflation at 5.5%

The European Central Bank (ECB) is almost certain to raise interest rates by 25 basis points in its meeting tomorrow, though what happens next is unclear....

1529. Building land for sale by AstroBank

AstroBank has listed building land for sale in the districts of Paphos, Nicosia and Larnaca....

1530. Chinese fans embrace 'Barbie' for feminism

In recent years, China’s box office has been dominated by homegrown movies often with a nationalist lean, such as patriotic war epics. But this weekend, a different type of film captured national attention – one that’s decidedly American and bubblegum pink....