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241. Interest rates in Cyprus continues its steady rise

Interest rates in the Cypriot banking system continued rising in December in the context of the ECB’s monetary normalization policy to tackle high inflation....

242. 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, ...

243. Finance Minister responds to CBS: 'Disinformation and fake news' (video)

The report on the CBS show '60 Minutes' about Russian oligarchs was referred to by the Finance Minister in his detailed response on the issue. ...

244. Lavrov gives Greek reporter a mouthful after Cyprus question

A question asked by a Greek reporter was met with a long-drawn-out response from Russian Foreign Minister Sergey Lavrov, who suggested European leaders were 'hasty' in their support for Kiev including traditional friends Greece and Cyprus who followed American advice...

245. First LNG tanker from US arrives in Germany

The first regular shipment of liquefied natural gas from the United States arrived in Germany on Tuesday, part of a wide-reaching effort to help the country replace energy supplies it previously received from Russia....

246. Economic events that will be remembered in 2022

The energy crisis, which intensified after Russia's invasion of Ukraine and resulted in skyrocketing gas prices, took the lead throughout the year....

247. Cyprus signs up to more aid for Ukraine

Cyprus and Poland have signed an agreement to provide further humanitarian aid to Ukraine amounting to €300,000 for the purchase of electricity generators. Cyprus' humanitarian aid to Ukraine now exceeds €3 million...

248. New gas field discovery in Cyprus EEZ

The drilling rig of the ENI-TotalEnergies consortium in the Cyprus EEZ has discovered a new gas field at the Zeus 1 target. This is a larger field than the one discovered by the Italian-French consortium on 22 August in the same block (Block 6)....

249. Finance Ministry: 'Cyprus economy will not enter a recession'

There will be a significant slowdown in economic activity next year, we will be affected by increased energy prices and borrowing costs, but "inflation in Cyprus is being reined in at lower levels" compared to other European member states, ...

250. Magical Messi hoists World Cup after final for the ages

As fireworks exploded and some 80,000 people roared, Lionel Messi smiled. His Argentina soccer shirt covered by the bisht the Emir of Qatar had just draped him in – the cape reserved for top officials and sheikhs. He smiled, he paused, then he hoisted high the World Cup, a lifetime’s dream realised...

251. ECB raises interest rates by 0.5%

Christine Lagarde warned markets not to expect an early end to rate rises next year, on a day when the European Central Bank and the Bank of England lifted borrowing costs to their highest levels in 14 years....

252. Dept of Labour: 'Our social security fund is sound'

According to the Ministry of Labour and Social Insurance, the General Social Insurance Plan's most recent actuarial study shows that the amendments made up until 2012 ensure the long-term viability of the Social Insurance Fund and that,...

253. Cyprus president wants corruption claims against him investigated

Cyprus’ president on Tuesday called for an independent probe into allegations made by a former aide that he has run a corrupt administration under the influence of Russian oligarchs...

254. Kasoulides: Cyprus solution a 'win-win' if there is political will

The solution to the Cyprus problem could be a win-win situation for all stakeholders, Foreign Minister Ioannis Kasoulides has said, adding that there is a great possibility for this provided that there is political will....

255. Greek Navtex is a message to Libya

The navigation warning issued by Greece on Saturday expanding the area of seismic surveys for oil and natural gas deposits off the coast of Crete was in response to a request by US oil firm ExxonMobil, which has been granted exploration rights, but also serves a geopolitical purpose...

256. What do Cypriots buy on Black Friday?

Only eight more days until the much-anticipated Black Friday shopping day, and ads for discounted goods continue to pound the public. Every year, many people look forward to this day in order to find the best deals on products they need....

257. Health Ministry: Newly arrived migrants in Cyprus are fully screened

The Ministry of Health is conducting all necessary examinations on newly arrived immigrants in the country, according to Health Minister Michael Hadjipantelas....

258. Turkey intends to drill south of the island of Crete

Turkish President Recep Tayyip Erdogan on Thursday announced Turkey’s plans to drill for hydrocarbons – oil and natural gas – in its maritime zone, as well as on land and sea in third countries....

259. MINTHIS SPA: A sanctuary of wellness ready to awaken your senses

Minthis, the flagship luxury lifestyle resort by renowned Cypriot developer Pafilia, has opened one of the most ground-breaking wellness sanctuaries in the Mediterranean....

260. Prepare for an increase in grain prices

Agriculture Minister Costas Kadis told 'K' that there is no concern about grain sufficiency in the Cypriot market at this time, explaining that strategic stocks of grains received in the summer remain in importers' silos. ...

261. Porsche 911 GT3 RS completes the ‘ring in 6:49.328 minutes

262. October Newsletter of K. Treppides & Co Ltd: Take Action

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....

263. The ECB's next steps were documented in Limassol

The two-day conference of Central Bank Governors in Limassol is a strong contender to serve as the foundation for decisions on monetary policy and inflation strategy to be made in the coming period. ...

264. Resolution of dispute with Israel is on track

A note of optimism for a resolution of the Cyprus-Israel dispute over the Aphrodite deposit is being 'extracted' following contacts between the two sides at the level of energy ministers in Nicosia. ...

265. Banks imposing stricter lending standards

Cyprus banks have tightened credit standards in the second quarter of 2022, while net new lending demand subsided, reflecting the geopolitical tensions and the uncertainty in the global economic environment, the Central Bank of Cyprus Bank Lending Survey for Q2 says....

266. Metsola: 'Europe's bloc is made stronger by the discovery of so much natural gas in your country'

In anticipation of Roberta Metsola's visit to Cyprus on September 9th, Kathimerini's George Kakouris sits down with the European Parliament President and gets her take on the Cyprus problem, recently discovered natural gas reserves and the issue behind Cyprus' "golden passport" scandal....

267. Rumors about Israel-Lebanon gas pact as Cyprus sits out

America’s energy czar is purported to be mediating a secret gas arrangement between Israel and Lebanon, a Herculean task given delineation complexities but not farfetched given ongoing efforts to resolve similar disputes between Tel Aviv and Nicosia...

268. Femicide and punishment

A few days ago, there was some shocking news. An Egyptian court asked lawmakers to approve the live broadcast of the hanging of a man who stabbed a female university student to death....

269. Three scenarios for Turkish provocations in the East Med

Preparations are done and the Turkish drilling rig Abdul Hamid Khan is ready to sail to its destination, according to informed sources, but the location is yet to be announced. ...

270. The US has plunged into recession

The US has plunged into recession as soaring inflation hammers the world’s largest economy....