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121. First Lady’s ''Let’s Go Troodos!'' Festival draws crowds despite rain

The ''Let’s Go Troodos!'' Festival, organized by First Lady Philippa Karsera Christodoulides, attracted large crowds on Saturday at the Presidential Residence in Troodos, marking the first time the venue opened to the public....

122. Inflation slows as August sees small price increases

Inflation in Cyprus slowed down in August 2024, with prices rising by 1.5%, compared to a 2.11% increase in July. The Consumer Price Index (CPI), which measures the cost of living, went up slightly from 117.73 to 118.10....

123. AEGEAN announces a €25M Investment in Volotea

Aegean Airlines S.A. (''AEGEAN'') is pleased to announce an investment of €25M in Volotea S.L., one of Europe’s leading low-cost carriers based in Barcelona, Spain....

124. 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%....

125. 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....

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

127. 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....

128. 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). ...

129. 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....

130. 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......

131. 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....

132. 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....

133. 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....

134. 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,...

135. 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....

136. 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....

137. 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....

138. 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....

139. 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....

140. MultiCare Elite – The New Top-tier Health Plan from Universal Life

Universal Life, the insurance company with the most experience and expertise in the Health sector in Cyprus, proudly announces the launch of MultiCare Elite....

141. Eurobank Cyprus reports €105.7M net profit for H1 2024

Eurobank Cyprus reported a net profit of €105.7 million for the first half of 2024, marking a 16% increase, or €14.9 million, compared to the same period in 2023....

142. Cyprus inflation slows in July after three months of rising costs

Inflation in Cyprus took a breather in July after three months of climbing prices. According to new figures released by the Cyprus Statistical Service, the cost of living went up by 2.1% in July. ...

143. Father arrested for negligence in death of newborn in Nicosia

A case of severe negligence leading to the death of a three-month-old baby girl has shocked Cyprus. Authorities have arrested the 23-year-old father and are seeking the 22-year-old mother, who is believed to have fled to Greece....

144. Record surge in olive oil fraud amid rising prices of 'liquid gold'

The European Union reported a record number of potential olive oil fraud and mislabeling cases in the first quarter of 2024, driven by inflationary pressures and a growing hidden market for the kitchen staple....

145. EU plans two-phase trade strategy if Trump wins presidency

Brussels is developing a two-phase trade strategy in response to the potential nomination of Donald Trump in the upcoming U.S. presidential election in November....

146. Lidl Cyprus celebrated the opening of its 3rd store in Paphos and 21st store in Cyprus

In a major expansion of its retail network, Lidl Cyprus opened its newest store in the Neon Mall of Pafos on Wednesday 24 July, marking the 3rd Lidl store in a row in the Paphos district and the 21st in Cyprus. ...

147. July Newsletter of K. Treppides & Co Ltd: Cyprus Securities and Exchange Commission

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries....

148. 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...

149. 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....

150. 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....