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481. Cyprus-Crete energy link faces collapse amid political turmoil

The Cyprus-Crete electricity interconnection project, a critical initiative to integrate Cyprus into the European energy grid, is mired in political and economic controversy, threatening its future. ...

482. Back-to-school shopping spikes as prices fluctuate

in an article written by Kathimerini's Anna Polyviou, back-to-school shopping is in full swing with the new school year just around the corner. Consumers scramble to buy essentials like clothing, footwear, stationery, and school bags, taking advantage of a wide variety of products and offers to suit their needs and budgets....

483. Starlink's finances frozen in Brazil after legal conflict with Elon Musk's X

Brazil's top judge has ordered a freeze on the finances of Elon Musk's satellite internet service, Starlink, preventing the company from conducting financial transactions in the country....

484. Cyprus banks to engage with top investors in London

The investment community is turning its focus to a major conference in London, set for late September, where several Cypriot banks will be represented....

485. CERA decision delay stalls Cyprus-Crete electrical cable project

The Regulatory Authority of Cyprus (CERA) has once again postponed its decision on the timing of cost recovery for the Cyprus-Crete electrical cable project, causing frustration among stakeholders....

486. ECB cuts Cypriot bond holdings to €6.38 billion

The value of Cypriot sovereign bonds held by the Eurosystem, as part of the Public Sector Purchases Programme (PSPP) and the Pandemic Emergency Purchases Programme (PEPP) declined to €6.38 billion......

487. School bags in Cyprus priced from €3.99 to €209.95

The Cyprus Consumer Association is advising parents and students to be vigilant when shopping for school supplies, as a recent survey reveals a significant variation in prices across the market....

488. Vogue content coming to ChatGPT in new deal

OpenAI has inked a deal with publishing giant Condé Nast, marking yet another partnership between the AI company and major media outlets. Previous collaborations include agreements with Time magazine, the Financial Times, and the Associated Press....

489. Cyprus to offer more affordable homes with CLDC's three-part plan

The development programme of the Cyprus Land Development Corporation (CLDC) will move along three pillars in order for the organisation to provide affordable housing for purchase or rent to beneficiaries, is Director General Eleni Symeonidou, has told the Cyprus News Agency, stressing the contribution of the organisation in easing the housing shortage....

490. EMA slams EAC for undermining electricity market competition

The Electricity Market Association (EMA) is expressing concern over recent requests made by the Electricity Authority of Cyprus (EAC) to President Nicos Christodoulides....

491. Gold hits historic $1 million per bar milestone

For the first time, the value of a gold bar has reached $1 million. ...

492. Ukraine intensifies fight against illicit tobacco trade

The illicit tobacco trade in Ukraine, one of Europe's most prominent black markets for cigarettes, is sending shockwaves through the economies of neighboring countries,...

493. Record 6.6 million passengers from January to July 2024

A total of 6.6 million passengers traveled through Cyprus' airports from January to July this year while according to Hermes Airports, passenger traffic in August is expected to surpass 1.5 million people....

494. Paris ranks as Europe’s most expensive city for housing

Paris remains the most expensive city in Europe for free-market housing, with an average price of 14,900 euros per square meter, according to a report by Deloitte....

495. Greece imports lamb for first time due to cattle plague

The wholesale meat market at Rentis now sells lambs from Romania and Spain, as local slaughterhouses have shut down as part of the effort to eradicate cattle plague....

496. Ukraine linked to Nord Stream blast despite Zelenskyy's objection

Ukraine was reportedly behind the destruction of the Nord Stream pipeline, according to a recent report by The Wall Street Journal. The September 2022 explosion severely disrupted Russia's natural gas exports and caused significant turmoil in global energy markets....

497. Rosé wine trend hits Cyprus: Local demand and imports soar

Light and delicate, with aromas of flowers and fruits, these are just a few ways to describe Rosé Provence wines, which have recently become a global trend....

498. Illegal tobacco smuggling from occupied territories hits new high in Cyprus

Last Friday, two Cypriots and a British national were apprehended at Paphos Airport with illegal tobacco products valued over €30,000 while attempting to smuggle them into the UK....

499. Chevron pushing for more concesions on Aphrodite gas field

In an article published in yesterday's Kathimerini, Yiannis Ioannou writes that Cyprus is grappling with significant challenges over the development of its Aphrodite gas field, a situation that's becoming more complicated by the day. This issue is in the spotlight due to a series of events and the broader regional instability affecting energy projects....

500. Cyprus tourism holds steady despite Middle East tensions

According to Kathimerini's Apostolos Tomaras, tourism in Cyprus remains strong despite geopolitical tensions in the Middle East. The summer season has shown a slight increase in tourist arrivals compared to last year, with current figures indicating a positive trend. Tourism receipts up to May have mirrored this performance, suggesting that Cyprus' tourism sector is holding steady....

501. Women entrepreneurs hit hard by Turkey's Instagram shutdown

Turkey's decision to block access to Instagram has dealt a significant blow to female entrepreneurs who rely on the platform to market and sell products ranging from homemade cookies to baby bedding....

502. Cyprus’ green energy struggles as market changes loom

Cyprus is gearing up for a major shake-up in its electricity market by 2025, but concerns are growing over how this will impact investments in renewable energy....

503. Cypriots flock to the coast for summer holidays despite rising prices

Coastal areas remain the top choice for Cypriots' domestic summer holidays, with destinations like Ayia Napa, Protaras, Paphos, Limassol, and Larnaca seeing high demand, according to the Cyprus Hotels Association (PASYXE)....

504. Google and Meta secretly target underage YouTube users with Instagram ads

Google and Meta have been implicated in a secret agreement to push Instagram ads to underage YouTube users, bypassing Google's policies on advertising to minors, according to a report by the Financial Times....

505. Bank of Cyprus sees 23% profit growth, raises financial targets

The Bank of Cyprus has announced a 23% increase in its profit after tax for the first half of 2024, reaching €270 million, compared to the same period in 2023. ...

506. Dubai Airport breaks record with 44.9M passengers in 2024

Dubai International Airport has broken a passenger record for the first half of the year, handling 44.9 million travelers from January to June, an 8% increase from the 41.6 million recorded during the same period in 2023....

507. Epic Double: Ookla and umlaut rank Epic once again at the top of telecommunications in Cyprus, for its Fixed Internet and Mobile Networks respectively

Epic continues to stand at the top of telecommunications in Cyprus, with two new international awards that are the culmination of its continuous investments in the development of a state-of-the-art, ultra-fast and reliable mobile and fixed internet network, offering an epic communication experience with innovative solutions, continuous evolution, and dedication to excellence....

508. Cyprus' Vasilikos gas terminal project fails after 20 years

Cyprus has faced a protracted and troubled effort to introduce natural gas to its internal market for electricity generation over the past two decades. ...

509. Famagusta to target global tourists with new campaign

510. Record passenger traffic at Cyprus airports in 2024

In a landmark achievement, the number of passengers passing through Larnaca and Paphos airports in the first seven months of 2024 has surged by 4.42% compared to the same period last year, setting a new record for the island....