Search

1. Historic Italian island faces Sotheby's auction unbeknownst to local residents

Local residents of Bacoli, near Naples, were left stunned and disheartened when it was announced that the historic Punta Pennata island is being auctioned off by Sotheby’s. ...

2. Biden announces $770 payments for California wildfire victims

In an effort to provide swift relief to those affected by California's devastating wildfires, President Joe Biden announced one-time payments of $770 for victims....

3. President's banking measures spark surge in first-home loans

President Nikos Christodoulides' efforts to support citizens through new banking measures are beginning to yield results. Meetings held in December with the CEOs of Cyprus’ two major banks, Bank of Cyprus (BoC) and Hellenic Bank (HB), appear to have sparked a tangible interest in first-home mortgage schemes....

4. Starbucks’ new rule: No coffee, no entry

Starbucks is set to roll out a new policy requiring customers to make a purchase if they wish to linger in its cafes or use its bathrooms. ...

5. Homeownership in Cyprus drops below EU average

In 2023, 68.8% of Cypriots owned their homes, slightly below the EU average of 69.2%, according to Eurostat. Conversely, 31.2% of the population lived in rented housing, just above the EU average of 30.8%....

6. Joker: €4.8M jackpot unclaimed, €100K win in Cyprus

The €4.8 million Joker jackpot remains unclaimed after Thursday night’s draw, but one lucky ticket holder in Cyprus still walked away with a hefty prize....

7. Consumer Service: Price reductions in 39 product categories

The Consumer Protection Service announces the Consumer Product Price Observatory for November 2024....

8. French investment powers up Cyprus-Greece electricity link with €1.9B deal

A significant agreement has been reached for the long-anticipated Cyprus-Greece electricity cable project, led by ADMIE, Greece's power grid operator. This project, which aims to connect the power grids of Cyprus and Greece, has secured new funding and a strategic partner....

9. Elon Musk becomes first person to achieve a $400 billion net worth

Elon Musk, the world’s richest person, has reached an unprecedented milestone: a net worth of $400 billion, according to Bloomberg....

10. Government launches mortgage subsidy to ease inflation’s grip

The government of Cyprus is stepping up to help homeowners struggling with rising interest rates and inflation....

11. Cutting-edge American rifles boost Cyprus' security forces

According to a report by Kathimerini reporter Yiannis Ioannou, the ties between the United States and Cyprus continue to grow stronger, now making a practical impact on the field....

12. Temu’s tempting deals are a double-edged sword for Cypriot shoppers

Temu, an emerging e-commerce platform, offers an extensive range of products, from gadgets and household goods to clothing and toys, at remarkably low prices....

13. Cyprus Parliament approves limit on large cash transactions

Cyprus lawmakers have taken a significant step in tackling money laundering and illegal activities by approving a proposal to limit large cash transactions....

14. Black Friday buzz as shoppers return in full force

According to an article by Dorita Yiannakou, this past week, the retail scene came alive with the buzz of Black Friday. ...

15. Cyprus strengthens military strategy with focus on US armaments

Cyprus has been making strategic shifts in its military and diplomatic approach, particularly with regard to its relationship with NATO and its defense infrastructure, according to an article by Apostolos Tomaras in this Sunday's Kathimerini. ...

16. Why the NATO debate is still a divisive issue in Cyprus

The NATO debate in Cyprus has always been polarizing. Unlike the real debate on membership in the North Atlantic Alliance—which requires preconditions and an invitation, not just an "application"—...

17. Cyprus EU anniversary coins spark collector mania

The Central Bank of Cyprus’ commemorative coins celebrating 20 years since Cyprus joined the European Union have proven to be a hot commodity among collectors....

18. Court hands down stiff sentences in major extortion and embezzlement case

In a significant move against financial crime, the Criminal Court in Larnaca has handed down tough sentences to two men involved in an elaborate scheme of extortion, embezzlement, and money laundering. ...

19. Petrolina acquires Esso in Cyprus for €48.6 million

Petrolina (Holdings) Public Limited (PHL) has successfully acquired ExxonMobil Cyprus Limited (EMCL), the company behind the Esso brand in Cyprus, for €48.6 million. ...

20. Eurobank’s €1.2 billion investment in Cyprus signals confidence

According to Kathimerini's Panayiotis Rougalas, Eurobank has made significant strides in its investment in the Cypriot banking sector, particularly with its ongoing acquisition of Hellenic Bank....

21. Eurobank acquires full control of Hellenic Bank

Eurobank has taken a significant step in consolidating its presence in Cyprus, announcing the acquisition of a controlling stake in Hellenic Bank, according to a report by Panyiotis Rougalas....

22. Ellen Degeneres joins Americans eyeing life abroad after Trump’s return to power

Former talk show host and comedian Ellen DeGeneres is trading sunny California for the picturesque Cotswolds in England, following Donald Trump’s 2024 presidential election victory....

23. Primary residence and the benefit of 5% reduced VAT rate

Nowadays having your own permanent residence is a must, however the cost for the acquisition or construction of a house/apartment has significantly increased in the last few years....

24. Rising food prices leave Cypriot households struggling

A recent survey reveals that consumers in Cyprus are increasingly worried about their financial future, as rising food costs and economic challenges weigh heavily on households....

25. Apple quietly discontinues lightning to 3.5mm headphone adapter

Apple has quietly pulled the plug on its once-essential Lightning to 3.5mm headphone adapter, marking the end of an era for iPhone users who relied on the small accessory....

26. Nicosia player wins €100,000 in JOKER lottery

27. Greek real estate fourth cheapest in Europe, draws foreign buyers

The Greek real estate market has significant prospects for establishing itself as one of the main destinations for foreign home buyers, being the fourth cheapest in Europe....

28. TEMU: ''Half Cyprus is better than none''

The online shopping platform Temu is drawing criticism for selling a T-shirt with a slogan referencing the Cyprus issue. The shirt, priced at €11.90 on sale from an original €23.69, features the phrase...

29. Bank workers union sets sights on big move in Bank of Cyprus

Last Thursday, the Cyprus Bank Employees' Association (CBA) announced it had sold its shares in Hellenic Bank to Eurobank, but already, reports suggest ETYK, the Cyprus banking employees’ union, is eyeing its next investment....

30. Magical Christmas with Lidl - the Lidl Christmas movie

Every year, Lidl's Christmas campaign reinforces its position as the go-to partner for a magical holiday season, offering a diverse product range and celebrating the spirit of sharing....