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451. Real estate prices surge by 7.7%

The prices in the Cyprus real estate market have been going up in recent years....

452. Government cuts interest income rates from 30% to 17%

The Cyprus government decided to slash taxation on interest income from 30% to 17%, Finance Minister Makis Keravnos said on Wednesday, noting that banks should follow suit in boosting income for depositors. ...

453. Fuel prices surge, electricity rates hold steady

Fuel prices are set to rise by 2-2.5 cents per liter for diesel and slightly less for unleaded gasoline, effective today at petrol stations....

454. Cyprus grapples with 9% surge in food prices

Many people are struggling with their daily expenses because food prices keep going up, causing financial stress....

455. Cyprus real estate market hits €132 million high

August passed by as usual with most people on vacation, including the real estate market. Let's take a look at how the month fared for coastal cities, with no surprises for Nicosia, which was also in vacation mode. Notably, Larnaca had an outstanding performance, surpassing Nicosia for the first time....

456. Houses and agricultural plots for sale by AstroBank

AstroBank is selling houses and agricultural plots at affordable prices in Paphos, Famagusta, Larnaca and Nicosia....

457. Lamb and goat prices jump 29% in a month

Once again, our door is greeted with a knock of concern as food prices continue to rise, placing financial strain on the daily lives of many consumers. ...

458. Weekend adventures in Nicosia's taverns

With the advent of autumn's first month, warm weather lingers, and the curtain falls on summer vacations, ushering in a period of growing daily responsibilities....

459. AstroBank: agricultural and residential land up for sale

AstroBank has listed agricultural and residential land in Nicosia, Larnaca, Famagusta and Paphos for sale at bargain prices....

460. Consulco: London Credit Fund’s new investment opportunity secured against UK commercial properties

The London Credit Fund New Compartment offers even higher returns to investors....

461. Cyprus Apartment Showdown: Nicosia vs. Limassol

In our previous report, we delved into a comparative analysis of apartment sales in the Paphos, Larnaca, and Famagusta districts for 2022 and the first 7.5 months of 2023. Today, we shift our focus to the Nicosia and Limassol provinces, two significant players in the local real estate market....

462. Former Finance Minister continues to question EuroAsia project

Former Finance Minister Constantinos Petrides has returned to the issue of the Eurasia Interconnector, expressing concerns and raising important questions. In a post on the "X" platform, he highlighted the need for transparency and clarity surrounding this significant and costly project....

463. Average student spending at €250 as back-to-school shopping begins

A few days before schools reopen (September 7 for secondary and high schools, and September 11 for primary schools), chaos is ensuing in bookstores, stationery shops, and stores selling school attire and sports shoes. Subtitle: ""...

464. Fuel prices surge once again. Diesel up 5 cents, unleaded 95 rises 3 cents

As August draws to a close, fuel prices are on the rise yet again, signalling increased costs at the pump. The Pancyprian Consumer Protection Association reports that one oil company has already implemented price hikes, with others expected to follow suit in the coming days....

465. Food costs soar, greens up 25.3%, fish dip by 15%

Increases were noted in 32 out of 45 categories of essential consumer products in the Consumer Product Price Monitor for July 2023, according to the Consumer Protection Service....

466. Fuel tax cut to aid low incomes

The association called "Equality" is requesting a reduction in fuel taxes through a letter addressed to the Minister of Finance, Makis Keravnos....

467. Eurobank acquires 17.3% stake in Hellenic Bank for €167.9 million

The Eurobank has agreed to acquire an additional stake of around 17.3% (equivalent to 71,428,572 shares) in the Hellenic Bank at a total price of 167.9 million euros, or 2.35 euros per share. ...

468. Stolen luxury watches valued over $1.3 billion

Luxury watches valued at over $1.3 billion have been reported as stolen or lost, and their number is rising due to increased resale prices in the secondary market....

469. City of Dreams Mediterranean partners with Cablenet

470. Hungarian women seek abortion relief across the border

Despite abortions being legal in Hungary, dozens of Hungarian women are travelling to Austria each week to terminate their pregnancies due to long waiting lists and humiliating treatment....

471. Apartment sales unveiled. Province-by-province price insights

Today, we are launching a brief series of articles aimed at examining sales prices through a simple province-to-province comparison. Later in the article, we will expand this comparison to different time periods, in an attempt to capture any observed variations....

472. Cost of living up as prices show increase of 2.4% in a year

In an announcement on its official website, CyStat shared that the cost of living, or how much things cost, has gone up in Cyprus. ...

473. $235M air force project: Next-gen plane prototype

Most large airplanes are tubes with wings and a tail section attached. Blended-wing planes are designed with the body and wings being one piece....

474. EU's solar climb to 2030 green triumph

The rapid expansion of solar power is propelling most EU countries toward achieving their 2030 renewable energy goals ahead of schedule, according to new data. This development is boosting optimism in global emission reduction efforts....

475. UK inflation dips to 17-month low

UK inflation eased to a 17-month low in July, official data showed Wednesday, though it also revealed that prices of services, such as haircuts, hotels and restaurants, increased at a faster pace than the previous month. ...

476. Battling medicine shortages head-on

Recommendations to pharmaceutical companies to increase their production capacity of antibiotics for the treatment of respiratory infections, and to EU member states not to stockpile them at the expense of their general availability in Europe, were addressed by the European Health Emergency Preparedness and Response Authority (HERA) ahead of the winter....

477. Russia implements bold rate hike amidst economic challenges

Russia's central bank took swift action today, increasing its key interest rate by 350 basis points from 8.5 percent to 12 percent. This urgent move aimed to counteract the recent decline of the ruble, which was triggered by the Kremlin's call for stricter monetary policy....

478. Migrant and refugee border crossings down 29%

The number of detections of irregular border crossings by migrants and refugees at EU’s external borders declined by 29% in the first seven months of 2023 compared to the same period last year, according to preliminary calculations published by Frontex....

479. 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....

480. 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. ...