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271. Public sector considers summer 4-day workweek proposal

The Pancyprian Guild of Civil Servants is set to reintroduce a proposal for a four-day workweek in the public sector, according to Stratis Matthaiou, the General Secretary of the Guild. ...

272. New student dorms to transform old town Nicosia

The Mayor of Nicosia, Constantinos Yiorkadjis, and the director of the company "OIKODOMIKES EPICHEIRISEIS STAVROS A. STAVROU LTD" have signed contracts for the construction of new student dormitories in the city....

273. Two tourists found alive in storm-ravaged South Pelion

As the relentless storm named "Daniel" pounded the tranquil enclave of South Pelion, Deputy Mayor Demetris Parisiades delivered distressing updates to "K" News on Tuesday evening, compounding the anxiety gripping this serene region....

274. Cyprus boosts energy sector with €104m revamp

The Republic of Cyprus has submitted a revised Recovery and Resilience Plan to the European Commission, incorporating the REPower EU chapter with an additional allocation of €104 million....

275. Gov't embraces flexible work for public servants

The Council of Ministers, in its meeting on August 30, 2023, greenlit a policy framework aimed at regulating flexible employment within the public service. This initiative aligns with the implementation of the Recovery and Resilience Plan 2021-2026....

276. Cyprus Apartment Showdown: Nicosia vs. Limassol

In our previous report, we delved into a comparative analysis of apartment sales in the Paphos, Larnaca, and Famagusta districts for 2022 and the first 7.5 months of 2023. Today, we shift our focus to the Nicosia and Limassol provinces, two significant players in the local real estate market....

277. FIBA World Cup: Greece roars to victory over New Zealand

In an exhilarating display of determination, Greece has successfully secured its spot in the World Cup's round of 16, emerging victorious against New Zealand with a final score of 83-74. ...

278. KEPA's free workshops to lead the way

In an era dominated by digital advancements, the Center for Productivity (KEPA), in collaboration with the Ministry of Labor and Social Insurance and the Deputy Ministry of Research, Innovation, and Digital Policy, is set to launch an array of free training programs aimed at enhancing digital skills across all age groups....

279. Joe Biden's Maui tour overshadowed by 'sleeping' video

President Joe Biden arrived in fire-ravaged Maui on Monday to witness the aftermath of a devastating inferno that left widespread destruction and claimed the lives of at least 115 people more than a week ago....

280. EuroAsia interconnector seeks alternative funding

The developer of the EuroAsia Interconnector is seeking alternative funding avenues to construct Cyprus' electricity interconnection with the European Union, following the European Investment Bank's rejection of a loan request. ...

281. Water stress looms over Cyprus as part of global crisis

Cyprus is among the 25 countries facing extremely high water stress each year, the World Resources Institute (WRI) said in a recent study. In total, these countries are home to a quarter of the Earth's population, while at least 50% of the world's population - some 4 billion people - is under highly water-stressed conditions for at least one month of the year....

282. Cyprus faces deceleration amid inflation and rising rates

Cyprus' economy experienced a slowdown in the second quarter of 2023, prompting inquiries about the situation. According to the preliminary estimate provided by the Statistical Service, ...

283. Cabinet to decide on flexible working in Cyprus public sector

The Council of Ministers is poised to make a decision regarding proposed flexible working arrangements in the public sector this August, according to Maria Kleanthous, First Officer and Head of the Human Resources Management and Labour Relations Section of the Department of Public Administration and Personnel. The move comes as part of the implementation of the Recovery and Resilience Plan, with a target completion date set for the close of 2024....

284. EuroAsia interconnector loan denied by European Investment Bank

The European Investment Bank will not approve a loan for financing the electricity interconnection project between Cyprus, Greece, and Israel through the EuroAsia Interconnector, as confirmed by a representative from the EIB in an interview with "K" magazine....

285. BOC reports €220 million profit for first half of 2023

Bank of Cyprus Group has reported a robust profit after tax of €220 million for the first half of 2023, a significant leap from the €43 million recorded in the same period of 2022. Notably, €125 million of these profits were achieved in the second quarter of 2023....

286. The triumphs, challenges, and unity in the mountains of Limassol

The specter of the formidable Arakapa fire reawakened as an eight-and-a-half-square-kilometer blaze surged through Mountain Limassol. ...

287. Cyprus approves €35M plan for high-speed internet in rural areas

Cyprus Commissioner for state aid control Stella Michaelidou announced the approval of a €35-million subsidy scheme aiming to create very high capacity network (VHCN) connectivity in mainly rural areas that do not attract private sector interest....

288. The EuroAsia saga continues

In a statement to ''K'' news, the European Commission expressed its appreciation for the recent signing of the cable purchase agreement for the EuroAsia Interconnector....

289. Vafeades announces affordable bus service from GSP stadium in a month

Transport Minister Alexis Vafeades addressed the traffic problem, stating that the solution does not lie in building more roads, but rather in reducing the number of cars on the existing roads....

290. Experts confront the menace of feline coronavirus

291. Petrides tweets expose EuroAsia Interconnector's risks

A series of points accompanied by questions were posted on Twitter by former Minister of Finance, Constantinos Petrides, commenting on the developments regarding the evaluation of the sustainability of the EuroAsia Interconnector project, the electric interconnection project between Cyprus, Greece, and Israel. ...

292. EuroAsia Interconnector secures record-breaking contract

Paris-based Nexans will undertake the construction and installation of the High Voltage Direct Current (HVDC) Cable Systems, marking a significant milestone in the EuroAsia Interconnector project. ...

293. Banking on success: Greek and Cypriot banks show remarkable credit improvement

Fitch Ratings released a new report on Monday stating that the credit profiles of Greek and Cypriot banks have significantly improved over the past year due to de-risking and restructuring....

294. Digital ''One-Stop-Shop'' to access renewable energy projects in 2024

The Ministry of Energy, Commerce, and Industry announced on Monday the launch of the online "Digital One Stop Shop" platform, an action of the Recovery and Resilience Plan "Cyprus - Tomorrow", which, in the first phase, concerns the digital submission of applications for the licensing of renewable energy projects....

295. Philippos Soseilos: Significant investment opportunities in Cyprus

296. Carlos Alcaraz, the new Wimbledon championship's winner

World No. 1 Carlos Alcaraz beat reigning champion Novak Djokovic in a thrilling five-set men’s final on Sunday to win his first Wimbledon title....

297. Turkish invasion 1974, Cyprus remembers

Sirens will once again ring out across all cities this year, as part of the commemorative events marking the somber anniversaries of the coup attempt and the Turkish invasion....

298. Housing sales slow due to inflation and construction costs

The value of transactions in the real estate sector amounted to €1.52 billion in the second half of the year, with the market bearing the impact of the interest hikes, inflation and the increased construction cost....

299. Flash flood emergency hits New York

Local television outlets reported almost one foot of rain fell in the area north of New York City, causing a flash flood emergency. ...

300. Cyprus shines as EU's strong innovator for second consecutive year

Cyprus is once more placed among the EU's strong innovators for a second year in a row, according to the annual EU innovation scoreboard, marking a significantly faster performance than the EU average....