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421. Cyprus sees higher borrowing costs, lower deposit rates in July

Interest rates on consumer loans and mortgages in Cyprus increased in July, according to the Central Bank of Cyprus (CBC). The rate for consumer credit climbed to 6.67% from 6.18% in June, while the rate for home loans rose to 4.59% from 4.52%....

422. EU allocates €39.5 million for Turkish Cypriot community

The European Commission on Tuesday approved the 2024 Annual Action Programme, granting €39.5 million to support the Turkish Cypriot community's socio-economic development and advance Cyprus' reunification efforts....

423. The MyPetrolina App ''Drives'' You to Alphamega Hypermarkets!

424. 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....

425. Government revenue boosts Cyprus surplus to €702.5 million

The Republic of Cyprus recorded a significant fiscal surplus of €702.5 million for the period of January to July 2024, according to preliminary General Government fiscal results, released on Friday by the Statistical Service of Cyprus....

426. Ayia Napa Marina Becomes the Naming Sponsor of the International Sea Tourism Festival 2024

We are delighted to announce that Ayia Napa Marina will be the Naming Sponsor of the International Sea Tourism Festival 2024 (ISTF). ...

427. Aphrodite field consortium updates plan amid Cypriot energy dispute

Partners of the consortium for the “Aphrodite” gas field in block 12 of the Cypriot Exclusive Economic Zone said they intend to submit in the coming days to the Cypriot government for approval an “updated development plan”, on the basis of the previous development and production plan, as approved by the government, following a notice for breach of contract sent by the Cypriot Minister of Energy....

428. Police issue 140 tickets and make multiple arrests in Limassol

During a three-day enforcement campaign, Limassol police made multiple arrests, seized vehicles, and issued numerous citations in a bid to prevent crime, traffic violations, and ensure public safety, according to the Limassol Police Department....

429. Russian industrial giants warn of bankruptcy amid sanctions impact

More than 20 major Russian industrial companies, including those in the construction, automotive, and household appliance sectors, have warned they are on the brink of bankruptcy and could halt operations. In a letter to Anton Alikhanov......

430. 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....

431. Medical services on high alert for potential Mpox cases

The relevant medical services in Cyprus are on high alert to address any potential cases of Mpox (monkeypox) that might be detected, despite the low risk of such an occurrence, according to the Director of Medical Services and Public Health Services, Elisavet Constantinou....

432. 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....

433. 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....

434. 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,...

435. 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....

436. ''The Notebook'' star, Gena Rowlands, dies at 94

Gena Rowlands, a renowned American actress famous for roles in films like *The Notebook* and *Another Woman,* has passed away at the age of 94....

437. President's diplomatic misstep as UN meeting proposal leaks early

Cyprus President's Diplomatic Blunder: UN Meeting Proposal Revealed Prematurely Subtitle: ...

438. Today is 'Dekapentavgoustos', a day of faith, family, and tradition

In Cyprus, August 15th, known as ''Dekapentavgoustos'', is one of the most significant holidays in the Greek Orthodox calendar, marking the Dormition (or Assumption as Catholics call it) of the Virgin Mary and her ascension to heaven....

439. 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....

440. 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....

441. 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....

442. Politico: Cypriot firm linked to Belarusian leader exploits sanctions loophole

A recent investigation by Belarusian journalists has uncovered that a company based in Cyprus is profiting from inflated contracts related to the export of potash, a key ingredient in fertilizer, from Belarus....

443. Turkey expands oil and gas drilling in the Black Sea

Athens is closely monitoring Turkey’s expansion of its hydrocarbon exploration and extraction capabilities in various maritime areas. ...

444. 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....

445. Trade deficit slashed by 20% in 2024 amid falling imports

Cyprus saw its trade deficit shrink by over 20% in the first half of 2024, according to the latest data from the Statistical Service. The trade deficit, which is the difference between what the country imports and exports, fell to €3.57 billion, down from €4.48 billion during the same period in 2023....

446. 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....

447. Potato harvests increase in 2023 but long-term decline persists

Cyprus witnessed a modest increase in potato production in 2023, with 95,000 tonnes harvested, marking a 5.6% rise from the previous year, according to recent data from Eurostat, the European Union's statistical office....

448. Eurozone service output stable in May, up 2.5% yearly

The production of services remained more or less stable in the eurozone (down -0.1%) and in the EU (+0.1%) in May 2024 compared to April, while increasing compared......

449. Famagusta to target global tourists with new campaign

450. Cyprus boosts R&D Funding by nearly 20%, spending €138M in 2023

Cyprus significantly boosted its investment in research and development (R&D) in 2023, with government budget allocations rising by 19.8% compared to the previous year, according to new data from Eurostat. This increase is notably higher than the average 5.3% rise observed across the European Union during the same period....