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1. Bank of Cyprus upgraded to investment grade by Fitch

The Bank of Cyprus has just hit another major milestone—Fitch Ratings has upgraded the bank to investment grade, marking the third global rating agency to do so. ...

2. Cyprus weekend weather: Time to dive in!

If you’ve been waiting for the perfect excuse to hit the beach, this is it! A warm air mass is giving Cyprus an early taste of summer, with temperatures soaring well above seasonal norms...

3. ECB cuts interest rates by 25 points as inflation eases

The European Central Bank (ECB) announced on Thursday a fresh interest rate cut, lowering its three key rates by 25 basis points in a bid to support the eurozone economy as inflation gradually eases....

4. Bank of Cyprus cancels plan to sell JCC Payment Systems

The process for the sale of JCC Payment Systems has been halted, bringing an end to the deal between JCC and Euronet that had been under consideration since the summer of 2024....

5. Cyprus scores above EU average in Life Satisfaction Survey

A recent Eurostat survey has revealed that life satisfaction in the European Union (EU) averaged 7.3 out of 10 in 2023....

6. From Greece to the Balkans, Steve Bannon warns of the looming threat of World War III

Steve Bannon, former White House strategist and controversial figure behind the MAGA movement, has made his home and podcast headquarters in one of Washington, D.C.'s most prestigious neighborhoods, just a stone’s throw from the U.S. Capitol....

7. Larnaka: New projects, new energy, and a bright outlook for its tourism

Larnaka is on the verge of an exciting transformation. With its beautiful coastline, rich history, and growing modern developments, the city is becoming an increasingly attractive spot for tourists....

8. Monday blues: Even the weather doesn't feel like trying

If you thought dragging yourself out of bed this morning was tough, brace yourself—the weather seems to be feeling just as moody. Weak low pressure is hovering over the area, much like your will to start the week, and things are only getting gloomier. ...

9. No relief in sight as electricity prices to remain high until 2027

Electricity prices in Cyprus are expected to remain elevated for the next two years, according to the chairman of the EAC....

10. Clouds, showers & a dash of thunder: Winter’s not done yet

Ah, Monday—the day that greets us with coffee, complaints, and apparently, a bit of everything weather-wise....

11. Weekend bliss: Sunshine, sea breezes and a little bit of cloud

It’s Friday, Cyprus! That means one thing—the weekend is just around the corner! And guess what? The weather is shaping up to be pretty nice, with just a little drama in the skies today....

12. Cyprus ended 2024 with a banking boom as loans and deposits surged

Cyprus closed out 2024 with a surge in banking activity, as both loans and deposits saw substantial increases, according to the latest data from the Central Bank of Cyprus (CBC). ...

13. Greek companies dominate Cyprus market with expanding investments

In recent years, a wave of Greek companies has been making significant strides in Cyprus, investing across various sectors and expanding their reach....

14. Trump’s tariff plans could hurt Cyprus’ economy

The looming inauguration of U.S. President-elect Donald Trump has stirred concern across the Eurozone, and Cyprus is no exception....

15. Sunny skies with a dusty twist

Good morning, Cyprus! It’s a mostly sunny day ahead, but don’t let the clear skies fool you—there’s a fine layer of dust hanging around in the atmosphere. If you’re planning outdoor activities, keep that in mind and maybe reach for your mask if you’re sensitive to dust....

16. Twin wildfires ravage Southern California, devastating celebrity enclave (images)

Two fast-moving wildfires erupted Tuesday in Southern California, forcing tens of thousands to flee and leaving a path of destruction across neighborhoods, including Pacific Palisades — a scenic, ocean-adjacent area known for its celebrity residents and multimillion-dollar homes....

17. 2025: A new chapter for Cyprus’s property market

2024 was both literally and figuratively a leap year. Metaphorically speaking, we anticipated this shift a year ago as we reflected on 2023 and made our predictions for the year ahead....

18. Eurozone growth hopes dim as 2025 looms

Just days before the start of 2025, analysts have trimmed expectations for the Eurozone's economic growth. ...

19. Tariffs, reforms, and rate cuts: 2025’s economic balancing act

As we look ahead to 2025, experts at UBS are forecasting steady global economic growth, but not without a few bumps along the way....

20. ECB announces final rate cut for 2024

The European Central Bank (ECB) has announced a 25 basis point reduction in interest rates, marking the fourth consecutive cut for 2024....

21. Moody’s Nick Hill on financial risks and opportunities for 2025

In an insightful conversation with Kathimerini's Panayiotis Rougalas, Nick Hill discusses the key macroeconomic risks and opportunities facing the region in 2025....

22. Sense of optimism surrounds roadblock talks

23. Geopolitical turbulence presents a looming threat to 2025 economic growth

Speaking at the 20th Economist Conference in Nicosia, Nick Hill highlighted the macroeconomic and geopolitical challenges shaping the global financial environment....

24. Cyprus receives major credit rating boost from Moody’s

Last Friday, Moody’s delivered a major endorsement of Cyprus’ economic progress, upgrading its credit rating by two notches, from Baa2 to A3, with a stable outlook, according to a report by Panayiotis Rougalas. ...

25. Geoeconomic tensions and Cyprus: Staying the course amid challenges ahead

Geoeconomic fragmentation, the reversal of progress towards global economic and financial integration due to political and military conflict and strategic policy decisions, is rising....

26. Severe weather hits Limassol, floods and landslides reported

Intense weather conditions have hit the Limassol District since last night, causing significant disruptions. Heavy rainfall has led to flooding, particularly in areas like Parekklisia,...

27. Rising food prices leave Cypriot households struggling

A recent survey reveals that consumers in Cyprus are increasingly worried about their financial future, as rising food costs and economic challenges weigh heavily on households....

28. DBRS Morningstar: Cyprus shows strong recovery in tackling bad loans

Cyprus is starting to see some positive shifts in its financial sector, particularly when it comes to tackling non-performing loans (NPLs) – loans that borrowers have stopped paying. ...

29. Mild temperatures with intermittent showers and thunderstorms expected

A weak low-pressure system is influencing the area today, bringing partly cloudy skies with intervals of thicker cloud cover. This morning, there’s a chance of isolated showers along the coast....

30. Staff shortages stall local government reform in Cyprus

According to Kathimerini's Pavlos Neophytou, the implementation of Local Government Reform in Cyprus faces critical staffing and operational challenges, especially in development licensing within Provincial Local Authorities (PLAs). ...