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1. Greece tops yachting visits, yet revenue struggles

In the last three years, Greece has become the country with the largest number of yachts (commercial and private) visiting, surpassing traditional leaders in the sector such as France and Italy....

2. Moody's sees positive shift in Cyprus economy

In a webinar panel discussion hosted by the Cyprus Economic Society, Haiko Peters, Vice President and Senior Analyst at Moody's Sovereign Risk Group, emphasized sustained improvements in the Cypriot economy....

3. CBC warns of non-performing loan surge amid economic challenges

The Central Bank of Cyprus (CBC) issued a warning on Monday, cautioning about the potential influx of non-performing loans (NPLs) driven by high-interest rates and inflation, which are impacting households' disposable income and businesses' profitability....

4. Cyprus banks secure Moody's upgrade to investment status

After 12 years, Moody's has upgraded the ratings of Cyprus' two major banks, Bank of Cyprus and Hellenic Bank, placing them in the investment category....

5. Moody's boosts Bank of Cyprus and Hellenic Bank ratings to Baa2

Moody’s Investors Service has upgraded Bank of Cyprus’ and Hellenic Bank’s long-term deposit ratings to Baa3 from Ba1, citing the continued resilience of the Cypriot economy and credit conditions, which are leading to supportive operating conditions for Cypriot banks....

6. Downed power line suspected in fatal Maui wildfires

Awakened by howling winds that tore through his Maui neighborhood, Shane Treu went out at dawn and saw a wooden power pole suddenly snap with a flash, its sparking, popping line falling to the dry grass below and quickly igniting a row of flames. ...

7. One in six faces poverty or social exclusion

One in six individuals, equivalent to 150,000 people, faced the risk of poverty or social exclusion in Cyprus during 2022, as revealed by the findings of the 2022 Survey on Income and Living Conditions. ...

8. When drugs for weight and diabetes backfire

Joanie Knight has a message for anyone considering drugs like Ozempic or Wegovy, which have become popular for the dramatic weight loss they can help people achieve....

9. Ex ‘superminister’ defends proposal after boat disaster

A Cypriot former minister known for his tough stance on migration wants a yay or nay on his proposal where asylum applications could be filed abroad, a measure not supported by some capitals including Berlin, which may be having second thoughts in the aftermath of a boat disaster in Greece...

10. Visa fraud scandal widens after airport arrest

Cyprus Police made headway in an investigation into visa fraud over the weekend, following an airport arrest in connection with an illegal network where Syrians rejected for refugee status ended up paying middlemen for subsidiary protection...

11. €130M grant plan proposed for 358 refugee apartment buildings

In an effort to effectively manage buildings in government housing estates and address observed structural issues, the Ministry of Interior has prepared a comprehensive Sponsorship Plan to be presented at Friday's Cabinet meeting. ...

12. The safety of distributors is under the microscope

Distributors of food delivery platforms continued to demand better working conditions three months after strikes began and consultations began to establish a framework of conditions....

13. The 2023 investment chessboard

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

14. Eva Kaili: From city council to city prison

15. The 2023 Budget in the vortex of the elections

The government of President Anastasiades has just submitted its final budget, for 2023. DISY will undoubtedly support the budget, but it will be interesting to see what position it will take if and when the polls are confirmed....

16. Germany needs 400,000 employees annually to cover labor demands

Due to Germany’s aging population which results in a lack of qualified workers, the country’s labor market is at risk, with authorities left to count on target migration as a solution for the situation. ...

17. Small number of banks meeting new loan demand

The net demand for loans from businesses in Cyprus decreased in the third quarter of 2022, and banks anticipate a similar decline in the net demand for loans from businesses and households in all loan categories in the fourth quarter of 2022 compared to the third quarter. ...

18. Cypriot Vladimiros Tziortzis wins 3rd place at Euro Nascar 2

Cypriot race driver Vladimiros Tziortzis won the biggest distinction in his career and one of the top distinctions in Cyprus motorsport history, after finishing on Sunday in third place at the 2022 NASCAR European Championship, in the EURO NASCAR 2 category....

19. Merchants of Death

People trafficker. A profitable “profession.” A high-risk profession, of course, because the business may sink. In this case, literally. Then 18, 50, 100 lives could be lost, including small children....

20. Cyprus' pothole app ready to go

Potholes are undoubtedly a persistent issue on Cyprus's road network, causing discomfort to the majority of drivers....

21. Self-employed more at risk of poverty in Cyprus and EU in 2021

In 2021, almost a quarter (23.6%) of all self-employed people aged 18 years and over in the EU were at risk of poverty and social exclusion....

22. Cyprus reports rise in covid cases from persons who traveled abroad

The Ministry of Health announced on Sunday that there has been a rise in COVID cases in persons who have traveled outside Cyprus in the past weeks, both tourists and Cypriots alike....

23. K. Treppides & Co Ltd: Cryptocurrency: Trading in cryptocurrency for own benefit. Cyprus tax treatment.

Seems that we cannot stop hearing stories about cryptos in our workplace and media or via web searching how many people have become millionaires trading in cryptocurrencies...

24. Russia will default on its debts 'imminently', Fitch ratings agency has warned

Russia will default on its debts 'imminently', a leading credit rating agency has warned, as sanctions over Ukraine continue to pummel the country's economy....

25. New COVID action plan for Cyprus airports in place from February 21

The Council of Ministers decided today that new measures regulating travelers arriving into Cyprus will take effect on February 21st instead of March 1st....

26. Freedom of movement within the EU will no longer be regulated by country of origin

After calls to simplify COVID travel rules within the EU, EU Ministers meeting at the General Affairs Council in Brussels agreed on Tuesday that the three main criteria for travel within the EU will be vaccination status, covid test results or recovery certificates....

27. Cyprus: Vaccination begins next week for ages 5-11

A press conference was held today by Dr. Christina Giannaki, General Director of the Ministry of Health, regarding covid vaccinations for children ages 5-11....

28. Italy, Spain, Portugal, S. Korea in red category, Indonesia in green

Health Authorities in Cyprus have issued an updated COVID-19 country categorization list according to which Italy, Spain, Portugal and South Korea are downgraded from orange to red category, ...

29. Epidemiological risk assessment of countries

Announcement from the Ministry of Health...

30. Hellenic posts 21 million euro profit

Hellenic Bank posted after-tax profits of €21 million for the first half of 2021....