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1051. EU reviews impact of Chinese exit from Vasilikos' LNG terminal

The European Commission is assessing the potential impacts on project funding following the withdrawal of a Chinese consortium from the construction of the LNG terminal in Vasilikos, a spokesperson for the European Commission confirmed....

1052. Market changes, Eurobank's move, and economic struggles

Bank of Cyprus shares were delisted from the Athens Stock Exchange following the 2013 financial crisis and the turbulent merger with Laiki Bank, including the depositor haircut...

1053. Inland temps to hit 42°C today

The Department of Meteorology has issued a yellow warning for Monday, effective from 11 a.m. to 5 p.m......

1054. Erdogan and Tatar reject federal solution on 50th anniversary (pics)

Yesterday marked the 50th anniversary of the Turkish invasion of Cyprus in July 1974. Over half a century later, Cyprus remains in the same status quo as it had after that fateful day. Consequently, poignant memorials were held across the island, including in the occupied areas....

1055. Chamber of Commerce warns of risks from Cyprus’ 1.5% wage hike

The Cyprus Chamber of Commerce and Industry (CCCI) has expressed concern over a new agreement between the Ministry of Finance and public sector unions to grant a 1.5% general wage increase starting in October 2024....

1056. June sees price hikes on essentials as inflation rises

Get ready to pay more for everyday items! Prices for many essential goods jumped in June, driving up inflation to 2.9%. This follows a steady rise from 2.4% in April and 2.7% in May....

1057. Biden tests positive for COVID-19, shifts duties to Delaware

President Joe Biden has tested positive for COVID-19 while on a trip to Las Vegas, the White House confirmed Wednesday. ...

1058. Soaring insurance costs push global shipping rates up 233%

Global trade has faced immense pressure since last October when the war in the Near East erupted following the terrorist attack by the Palestinian group Hamas against Israel. ...

1059. Yellow heat warning issued for today

The meteorology department has issued a yellow warning for high temperatures, effective from 1:00 p.m. to 4:00 p.m. today. We're expecting the interior to reach a scorching 41 degrees Celsius....

1060. Are we in a real estate bubble?

The real estate market has been steadily rising since 2015, marking the ninth consecutive year of growth in the sector. However, this broad trend has not been without fluctuations, particularly influenced by the economic disruptions of the pandemic era. Monthly analyses of transaction numbers and volumes from this platform illustrate these ups and downs....

1061. Brewed to go! The Bean Bar truck brings vibrant coffee vibes on wheels.

Get ready to fuel your day with a splash of excitement as Bean Bar unveils its latest innovation—a mobile coffee bar that's sure to turn heads! The Bean Bar Truck, the 13th addition to the beloved chain, ...

1062. Cyprus seeks EU support to keep youth in countryside

Cyprus is seeking support from the European Union in its efforts to bring about the demographic regeneration of its rural areas, Minister for Agriculture Maria Panayiotou......

1063. Bryan Adams to perform live in Limassol this fall

Legendary singer and multi-platinum songwriter Bryan Adams is set to electrify Cyprus with a live performance at Tsirion Stadium in Limassol on October 16, 2024, as part of his global "So Happy It Hurts" Tour....

1064. Ukrainian startups build low-cost robot army to combat Russia

Facing manpower shortages, overwhelming odds, and uneven international assistance, Ukraine is looking to an unlikely source for a strategic edge against......

1065. UN project boosts water access for Cyprus wildlife in buffer zone

It's impossible not to be moved by the climate and wildlife of Cyprus, particularly in dry regions like the buffer zone, abandoned since the Turkish invasion of 1974....

1066. Lidl’s 21st store in Paphos boosts Cyprus retail battle

Almost 15 years after Lidl Cyprus entered the Cypriot market, the company is set to open its 21st store in Paphos, specifically in Neon Mall....

1067. New Lidl store at Neon Mall of Pafos

Lidl Cyprus opens its 21st store and extends its commitment towards high quality, affordable prices and an upgraded shopping experience....

1068. FT: Unilever to cut 1/3 of office jobs in Europe

Unilever, one of the largest distributors of consumer goods such as Dove, and BEn & Jerry's, Lipton, Knorr, etc., has announced plans to eliminate a third of its office-based roles in Europe by the end of 2025, ...

1069. Cyprus boomed in 2022 with more jobs and better services

Cyprus saw a widespread boost in economic activity last year, according to the latest Services and Transport Survey by Cyprus' statistical agency....

1070. Cyprus exports decline sharply while imports see a modest rise

Cyprus saw its trade deficit grow in May 2024, largely due to a significant drop in exports and a slight increase in imports, according to recent data from the Cyprus Statistical Service. The trade deficit for May 2024 was €693.4 million, up from €578.2 million in May 2023....

1071. Cyprus ranks among top innovators in Europe

Among the best-performing countries in terms of innovation between 2023 and 2024 is Cyprus, according to the latest European Commission data....

1072. Let's not forget to whom we owe a debt of gratitude

It has been 50 years since the dramatic events of July 1974. We must never forget that the joyous hours of democracy's restoration in Greece were also hours of great sorrow and tragedy for Cyprus....

1073. Industries expanded in 2022 as Cyprus saw more jobs, higher production

Cyprus saw more people employed in factories and related industries in 2022 compared to the year before, with a 3% increase in jobs. The value of goods produced also went up significantly by 21.2%....

1074. President Christodoulides hosts FBI Assistant Executive Director

President Nicos Christodoulides hosted a meeting today with FBI Assistant Executive Director Michael Nordwall at the Presidential Palace. During the meeting, President Christodoulides highlighted the strong ties between Cyprus and the United States, ...

1075. Producers must increase goat and sheep's milk in Halloumi

Agriculture Minister Maria Panayiotou announced on Saturday a new decree to adjust milk quotas for making Halloumi cheese with Protected Designation of Origin (PDO) status. She also revealed financial support measures for the sector....

1076. Cyprus faces hurdles in connecting to European electricity grid

A critical regional energy project aiming to connect Cyprus to the European electricity grid has hit significant roadblocks, threatening the country's bid to end its energy isolation as the last EU member-state without such a connection....

1077. Wolt welcomes historic collective agreement for delivery drivers

Wolt has welcomed the first-ever collective agreement in the fleet management sector, marking a major step forward for the industry. This agreement, reached through the joint efforts of the Ministry of Labour, fleet management companies, and unions, is set to benefit delivery drivers, businesses, and consumers....

1078. State to cover €12M shortfall from licensing revenues

Interior Minister Konstantinos Ioannou expressed satisfaction with the progress of the Local Government Reform, despite minor issues during the initial days of its implementation....

1079. Mallias Winery: Reviving Cyprus's ancient grape varieties

In the 1990s, Mallias Winery, originally established by KEO in 1927, played a pivotal role in redefining Cypriot wine by rescuing indigenous grape varieties on the brink of extinction....

1080. Cyprus President meets business leaders on HR, energy, and tax