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1171. Paphos: Over 15 million euros in foreign investment in 2022

According to the Paphos Chamber of Commerce and Industry, foreign investment in the city has surpassed €15 million. ...

1172. The demand for new homes is dwindling

The large investments and development projects mentioned by Minister of Transport and Works Yannis Karousos in his ministry's recent project presentation may have kept the construction and real estate sector afloat until 2022, but the industry still faces challenges....

1173. Banks are revising lending rates

Cypriot banks are preparing new loan rates in an effort to redesign the pricing of loans. In the first half of 2023, Cypriot banks will see significant changes in the pricing of new loans, accompanied by increases in interest rates, ...

1174. Airlines to oppose France's ban on short-haul flights

French and European airlines plan to invoke their rights to freedom of movement in protest to the environmental restrictions on short-haul flights, which France has partially banned and Brussels has approved in December....

1175. Herodotou calls for increased vigilance to avert private debt defaults

Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) called for the preservation of fiscal space, as the economic prospects are deteriorating due to Russia’s war in Ukraine....

1176. Cyprus Banks: Vulnerabilities remain despite progress, says SSM

Cypriot banks have made progress, according to a report by the Single Supervisory Mechanism (SSM), but there are still many issues. ...

1177. China's population shrinks for first time in 60 years

China's population fell last year for the first time in six decades, a historic turn that is expected to mark the start of a long period of decline in its citizen numbers with profound implications for its economy and the world....

1178. PWC survey: Seven out of ten CEOs are pessimistic about 2023

According to the 26th Annual Global CEO Survey conducted by PwC between October and November 2022, nearly three-quarters (73%) of respondents expect global economic growth to slow over the next 12 months....

1179. Prostitutes gather in Davos for annual meeting of global elite

The global elite tackling the world's problems at the Davos summit including gender inequality is fuelling a surge in prostitution in the Swiss resort....

1180. Nearly €6 billion in real estate transactions in 2022

The value of real estate sold during 2022 is approaching €6 billion, according to the comparative real estate sales of the Department of Lands and Surveys as processed and presented in the quarterly "Real Estate Market Bulletin" of Cyprus Real Estate Registration Council....

1181. January Newsletter of K. Treppides & Co Ltd

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

1182. More job vacancies reported than registered unemployed

The number of job vacancies reported by hotels for the year 2022 was almost three times the monthly average of the number of registered unemployed persons, Labour and Social Insurance Minister Kyriakos Koushos said at a conference on the "Staff shortage in the field of hospitality"....

1183. Tesla drastically lowers EV pricing in the US and Europe

After steadily increasing prices over the past couple of years, Tesla has cut them drastically across its lineup in the US and Europe, in an apparent bid to boost sales. ...

1184. Israelis applying for French citizenship skyrocketed after November elections

Following the November elections, which saw the installation of the country's most right-wing and religious government to date, the French embassy in Israel saw a 13 percent increase in applications for citizenship....

1185. Directives and recommendations to passengers due to Covid

The Ministry of Health has issued European Union directives and recommendations to passengers and airport and airline staff travelling to EU/EEA countries...

1186. University of Cyprus scientists develop nanotechnology to treat breast cancer

Scientists of the University of Cyprus, taking advantage of the new perspectives offered by nanotechnology in pharmaceutical technology, have prepared polymeric nanoparticles for the planned transfer of the antihistamine substance Tranilast to the cancerous breast tumor, according to a relevant press release from the University of Cyprus....

1187. King Constantine, former king of Greece - His relationship with Makarios and his involvement in Cyprus

1188. Presidential debate: Boring, hilarious and chaotic but otherwise satisfactory

Averof Neophytou, Andreas Mavroyiannis, Nikos Christodoulides, Christos Christou, Achilleas Demetriades, Giorgos Kolokasidis, and Konstantinos Christofides clashed in another debate last night which was aired on TV stations Alpha, Ant1, Sigma, and Omega....

1189. Funds are investing in Cypriot banks

Investing in Cypriot banks is becoming more common. The progress they have made in terms of the non-performing loan burden they have shed, their capital adequacy, which is characterized as good,...

1190. PCR tests to be required for passengers arriving from China

All passengers arriving to Cyprus from China from 15 January will need to show a negative PCR test performed 48 hours before their departure, the Cabinet decided on Wednesday. It also decided on the central management of Intensive Care Unit (ICU) beds....

1191. Portugal's golden visa program netted €654.2 million in 2022

Investment in Portugal through golden visas in 2022 reached €654.2 million, representing a 41.9 per cent increase compared to the previous year....

1192. Exports of halloumi at 1.34 billion over the last 5 years

Halloumi exports have increased in recent years and are expected to peak in 2022. Data for the first nine months of 2022, i.e. up to September, show exports worth €227 million and an export volume of 32,000 tonnes. ...

1193. Biology textbook at center of controversy in Cyprus

A biology textbook is the center of heated debate in Cyprus after references to “purity” and “abstinence” in a chapter on sexually transmitted diseases were posted on social media...

1194. January Newsletter of K. Treppides & Co Ltd

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

1195. Supermarkets bet on their own private labeled products

Consumers are turning to private label and exclusive import products to combat inflationary pressures on consumer goods in supermarkets....

1196. Looking ahead to 2023: House prices in Cyprus

The end of 2021 saw Europe’s and Cyprus’ economies gradually recovering from the two-year rollercoaster ride of lockdowns, the stock market at record highs, and inflation increasing....

1197. Turkish asylum applications in Germany increased by 216%

A total of 20,802 asylum applications from Turkish nationals were received by authorities in Germany in the first 11 months of 2022, marking a significant increase compared to 7,873 applications filed under the same purpose during the same period in 2021....

1198. New loans up despite interest rate hike

Total new loans in November 2022 increased by €172.8m compared to the previous month, despite an increase in interest rates across all loan categories. ...

1199. The plan to bring in more German tourists

In a trip organized by the FTI Group and Meeting Point, German travel agents recently visited the island and discovered increased demand for Cyprus....

1200. The 2023 investment chessboard

Today's data is completely different from what it was a year ago in terms of investment....