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1201. Weather update: Showers, clouds, and rising temperatures

Showers were observed in multiple areas of the island today (19/06). The Cyprus Meteorological Service has reported that the region is experiencing the influence of weak low pressure, leading to an afternoon characterized by partly cloudy to mostly cloudy conditions,...

1202. Temporary VAT reduction on essentials estimated at €14.5 million

In the upcoming days, most likely early next week, a clearer picture is expected to emerge regarding the government's course of action on the reduced Value Added Tax (VAT) rate for fuel and electricity....

1203. Cablenet: The Fastest Growing Mobile Network

1204. World's first space factory unveiled

A California-based startup co-founded by a SpaceX veteran, Varda Space Industries, announced it has successfully deployed its first satellite, W-Series 1, in orbit....

1205. Chocolate prices to surge

Chocolate enthusiasts should brace themselves for price hikes in the near future, as cocoa prices continue to soar. ...

1206. Dusty skies, showers in the mountains, and a temperature surge!

Today, Thursday, the weather will start off with mainly clear skies. However, as we move into the afternoon, expect to see an increase in cloud cover. ...

1207. Cyprus calls for medicine market reform

Health Minister for Health Popi Kanari said that Cyprus is in favor of the creation of a single market for medicines, and highlighted the problems that Cyprus faces regarding medicine access as a small member state, during the second day of the Employment, Social Policy, Health and Consumer Affairs Council (EPSCO) of the EU, which was held on Tuesday in Luxembourg in its Health Ministers configuration....

1208. Cyprus struggles with renewable energy and storage gap

Only 15% of Cyprus' total energy production comes from Renewable Energy Sources (RES), highlighting the country's significant lag in this sector....

1209. Backlash over Cyprus' VAT refund change

The recent decision made by the Department of Customs to raise the expenditure limit for VAT refunds to third-country travelers visiting Cyprus is receiving criticism for its adverse effects on tourism expenditure....

1210. AstroBank raises deposit interest rates

New 18-month term deposit product at 1.50% annual interest irrespective of amount...

1211. 17% of Cypriots admit to purchasing fake goods

According to a report from the European Union Intellectual Property Office (EUIPO), Cypriots have admitted to accessing content illegally, particularly for watching sports. ...

1212. ChatGPT lands lawyers in legal hot water

Two apologetic lawyers responding to an angry judge in Manhattan federal court blamed ChatGPT Thursday for tricking them into including fictitious legal research in a court filing....

1213. Coffee Island and Coffe-Eco turn coffee waste into gold

Coffee Island and Coffe-Eco are creating the first industrial unit in Southern Europe to process and reuse espresso coffee residue for creating new products in Patra....

1214. Weather update: Isolated showers and dust expected

The Meteorological Service has predicted isolated showers and thunderstorms in the mountains and interior today, accompanied by occasional dust in the atmosphere. The temperature is expected to reach up to 34 degrees Celsius inland....

1215. Innovative payabl. POS Card Terminals make omnichannel payments simple and easy

Get ready to embrace the future of payments with payabl. - the cutting-edge payments company that's shaking up the industry. In a game-changing move, payabl. has just launched its revolutionary point-of-sale (POS) solution for in-person payments, aimed at transforming the way retailers conduct business. The best part? This is happening right now in Cyprus....

1216. €1 million to boost Turkish Cypriot cheese exports

The European Commission's EU-funded assistance program aimed at eradicating zoonotic diseases (those that jump from animal to human) in dairy animals in areas not under the effective control of the Government of the Republic of Cyprus was officially launched today....

1217. Regulatory change delays electric air taxi market entry

The era of electric air taxis is near, but a regulatory change has created an obstacle for manufacturers. ...

1218. Cyprus's slow ride on the electric car bandwagon

We are slowly rushing towards zero-emission transportation. The data from new vehicle registrations indicate that while the numbers are increasing, the percentage of electric cars on Cypriot roads remains limited....

1219. FinMin underlines the importance of disciplined policy

The contact circle with the banks has not been completed, and there will be a new one to adopt measures that will provide relief to borrowers regarding the increased interest rates....

1220. Wasted potential: Cyprus grapples with renewable energy storage challenges

The Parliamentary Trade Committee of the House of Representatives examined the issue of the absence of renewable electricity storage systems, which leads to the rejection of significant power generation. ...

1221. Limassol stoked to be on Haifa’s Rhapsody routes

Around 343,000 cruise ship passengers arrived to Cyprus last year, while it is expected that there will be slight increase this year, Deputy Minister of Tourism, Kostas Koumis said, on board the Royal Caribbean’s Rhapsody of the Seas cruise liner, marking its arrival at the Limassol port on Saturday for its summer season routes ...

1222. IMF says Cyprus untouched by war fallout

The economy of Cyprus is expected to slow to around 2.5% in 2023, reflecting an erosion in household incomes, tighter financial conditions, and delayed impacts from sanctions against Russia, International Monetary Fund forecasts, after the conclusion of the Article IV consultation with Cyprus...

1223. Overcoming obstacles in Cyprus' green transition

Undoubtedly, the fact that it no longer requires a building permit as a prerequisite for installing a photovoltaic system on residential roofs could be characterized as a positive development in our long-standing effort to turn towards green development....

1224. New plan to safeguard vulnerable groups' homes nears approval

The Director of the Press Office of the President of the Republic, Victor Papadopoulos, announced that a new plan to safeguard the first homes of vulnerable groups in Cyprus is on the horizon. ...

1225. The MBS Wellbeing Day

1226. Cyprus' GDP soars: 3.4% growth in Q1 2023

Gross Domestic Product (GDP) in the first quarter of the year reached 6.2 billion euros, marking a 3.4% annual increase....

1227. Unsettled conditions and elevated dust levels persist

The prevailing unstable weather conditions in Cyprus show no signs of subsiding, according to Kleanthis Nicolaides, the Director of the Meteorological Service, in an interview with K. ...

1228. One step for East Med gas but no giant leap

An Israeli gas company with Greek interests wants to lay a subsea pipeline from Aphrodite natural gas field to a facility in Egypt, a proposal potentially seeking to reduce time and cost but also bypassing the issue of Turkey...

1229. Porsche Cyprus celebrates the Grand Opening of the new corporate architecture concept ''Destination Porsche'', in Limassol

It is the fourth Porsche Centre under the new retail ''Destination Porsche'' concept in the Central and Eastern Europe region and amongst first in the world. ...

1230. Ayia Napa marina expands with exciting new additions

Ayia Napa Marina, renowned as the island's premier entertainment hotspot, is set to enhance its offerings with the addition of selected stores and brands in the shopping zone. The new establishments, expected to open in June, aim to provide visitors with even more choices to satisfy their every need and taste....