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1201. Government unveils inflation relief plan for October's end

At the end of October, the government is expected to announce measures to alleviate the impact of inflation, while at the beginning of 2024 the government plans to implement the new green tax on fuels, together with compensatory measures, said the Minister of Finance, Makis Keravnos, while handing over the 2024 state budget to the President of the Parliament, Annita Demetriou. ...

1202. Cyprus banks secure Moody's upgrade to investment status

After 12 years, Moody's has upgraded the ratings of Cyprus' two major banks, Bank of Cyprus and Hellenic Bank, placing them in the investment category....

1203. Could Kasselakis be the catalyst for resolving the Cyprus problem?

Stefanos Kasselakis, the newly elected President of SYRIZA-Progressive Alliance, is currently on a two-day visit to Cyprus, marking his first international trip since assuming office as the President of SYRIZA-PS....

1204. Moody's boosts Bank of Cyprus and Hellenic Bank ratings to Baa2

Moody’s Investors Service has upgraded Bank of Cyprus’ and Hellenic Bank’s long-term deposit ratings to Baa3 from Ba1, citing the continued resilience of the Cypriot economy and credit conditions, which are leading to supportive operating conditions for Cypriot banks....

1205. From sunny skies to rainy surprises

The day is set to begin with predominantly clear skies, although residents may notice localized areas of increased cloud cover. As the day progresses, especially during the midday hours and beyond, cloud formations are forecasted to develop....

1206. Deloitte continues to foster trust through transparency

Deloitte Cyprus issued its 12th Audit Transparency Report for the year ending 31 May 2023. The report provides an in-depth analysis on how the firm embraces its responsibilities to its clients, people, society, and the market, with the highest quality standards. ...

1207. Premium spirits take center stage at the 4th Cyprus Cocktail Festival

The 4th Cyprus Cocktail Festival, a part of the Digital Agenda Cyprus Summit, is delighted to announce the participation of the Photos Photiades Group Ltd as one of the primary suppliers at the festival. The event is scheduled for October 17, 2023, at Nicosia's Municipal Garden, starting at 19:00, featuring the premium brand Tanqueray....

1208. Government faces mounting criticism over six-month stumble

If a governing coalition in a state aspiring to be European were to make as many mistakes and omissions as the Christodoulides government has in just six months, it would face strong opposition....

1209. Vassos Eliades at the Cyprus Cocktail Festival 2023

We are pleased to announce the participation of Vassos Eliades in the 4th Cyprus Cocktail Festival, a signature event of the Digital Agenda Cyprus Summit. ...

1210. E-kalathi takes on soaring fuel and food prices

The ongoing debate within the House Commerce Committee regarding the Retail Price Recording and Monitoring Bill has become both tiresome and contentious....

1211. French ski resort shuts down forever

Due to the effects of global warming that have led to a lack of snow, a ski resort in the French Alps, La Sambuy, has decided to cease operations permanently....

1212. Deputy Minister proposes joint tourist packages with Saudi Arabia

Cypriot Deputy Minister, Costas Koumis has proposed joint tourist packages between Saudi Arabia and Cyprus, focusing on the Saudi City of Neom which lies about two hours from Cyprus....

1213. New Deputy Gov't spokesman embraces role's demands, including long hours

Yiannis Antoniou, the newly appointed deputy government spokesman, assured that there would be no question of overtime in his role, recognizing the demanding hours the position entails....

1214. Animal welfare and permit disputes fuel tensions as bears remain in limbo

Menelaos Menelaus, commonly known as "Melios," has spoken out about the presence of two bears discovered on his premises, which used to operate as a zoo....

1215. Thousands of Armenians flee Nagorno-Karabakh conflict zone

Tens of thousands of ethnic Armenians have fled from Nagorno-Karabakh since the territory surrendered to Azerbaijan on 20 September....

1216. CBC Governor Herodotou reveals breakthrough in digital finance

The Central Bank of Cyprus has completed the tender for a new digital platform for customer compliance, said CBC Governor Constantinos Herodotou, speaking at an event organized by the Association of Cyprus Electronic Money and Payment Institutions, on Thursday afternoon....

1217. Cyprus aids Lebanon to tackle migration flows

Cyprus has taken robust measures to address the escalating migration flows from the east, particularly from Lebanon, in close collaboration with its neighbor....

1218. Skyline set to sizzle at 30°C

Today, Cyprus anticipates scattered showers along with varying temperatures across the island. The atmosphere will also experience sporadic dust concentrations....

1219. UN Peacekeeping Force asserts continued use of Ledra Palace

The UN peacekeeping force in Cyprus (UNFICYP) has reaffirmed its commitment to maintain control of Ledra Palace, a historic hotel located in the Nicosia buffer zone, dismissing speculations about its return to the Church of Cyprus....

1220. Attack on Russian navy HQ in Crimea raises stakes

Last Friday, an attack on the headquarters of the Russian Black Sea Fleet in Crimea was launched, reportedly following a request from U.S. and UK intelligence services, according to the Russian Foreign Ministry....

1221. Hellenic Bank cuts fees for customers

Hellenic Bank is taking steps to enhance its services and support its customers. Mr. Phoebus Stasopoulos, the Senior Banking Manager of Hellenic Bank, announced the expansion of the limit for free SEPA transfers through Online Banking....

1222. Just a breath away from a new tourism record

Hermes Airports statistics reveal that August achieved an unprecedented milestone in air traffic, with a total of 1.516 million passengers. When examining this figure in terms of arrivals and tourist arrivals, it amounts to 511,387 arrivals. ...

1223. Weather fluctuations hit Cyprus

A prominent low-pressure system named "Elias" is currently centered in the southern Ionian Sea, and its effects are being felt across the Hellenic region. ...

1224. Keravnos expects more from banks to boost Cyprus economy

The Cyprus economy has proven its resilience in recent years, Finance Minister Makis Keravnos said Tuesday at the 4th Conference "Banking System: New Challenges and Opportunities", that takes place in Nicosia, noting that there are still challenges that the banking sector must address....

1225. Gatwick airport cuts flights amid covid outbreak

1226. No fee increases for 2024 at Larnaca marina

Kition Ocean Holdings announced on Thursday that there will be no increases in berthing fees for recreational boat owners at Larnaca Marina in 2024. ...

1227. CBC lowers GDP growth projections for 2023 and 2024

The Central Bank of Cyprus has revised its growth projections for 2023 and 2024. They now expect GDP growth to be 2.4% in 2023 and 2.7% in 2024, down from their previous forecasts of 2.6% and 2.8%. This is due to Western sanctions against Russia and the fragile external environment affecting professional and non-tourism services....

1228. Revolutionizing the management of multi-owner buildings in Cyprus

The proposed legislative changes, tabled in the parliament yesterday, seek to modify and enhance the existing framework for the management of common buildings....

1229. First Lady's assistant denied extra pay

A majority of the members of the Parliamentary Finance Committee approved the release of funds requested by the Presidency for salary payments, but the Committee unanimously rejected a separate request concerning overtime compensation for an employee temporarily assigned to the Presidency....

1230. UN envoy appointment sparks tensions in New York talks

The appointment of a UN envoy on Cyprus was rejected by Turkish Cypriot leader, Ersin Tatar, during his meeting on Saturday with the UN Secretary General, Antonio Guterres in New York. ...