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1. Real estate trends in 2023

Increased inflation, rising interest rates, rising building costs, rising property values, a slight decline in new development approvals, a slight decline to stabilization in the unemployment rate, a slight increase in GDP, and a slight decline in private lending are just a few indicators of the (very) general economic picture....

2. Snowfall in parts of L.A. leads to rare blizzard warning

A rare blizzard warning remains in effect for parts of Southern California – including the Los Angeles region – Saturday as some areas endure heavy snow and record rainfall that has delivered dangerous flooding....

3. Turkey rejects linking NATO expansion to F-16 deal

US Secretary of State Antony Blinken on Monday called for Sweden and Finland to be accepted into NATO 'as quickly as possible,' although his Turkish counterpart dismissed the possibility of any link between their accession and Turkey’s request for F-16 fighter jets...

4. Death toll surpasses 11,000 as Erdogan visits quake ravaged areas

President Recep Tayyip Erdoğan has visited the region of southern Turkey devastated by this week’s earthquake as the death toll rose above 11,000 and acknowledged that his government faced problems getting aid to victims....

5. Woman dies after giving birth under earthquake rubble in Syria

As rescue teams, including Greeks, continue to fight a superhuman battle to find those trapped under the debris, there are so many shocking stories that have been documented after the earthquake in Turkey and Syria left thousands dead....

6. Critics say Cyprus' helmet law is a backward step

Bicycle advocates say a new law in Cyprus that requires cyclists to wear helmets on the road is not the right answer, arguing an austere approach does not make things safer but could result to other problems including unintended consequences...

7. Limassol could still have another 8,000 apartments

As the demand for real estate in city centers has increased in recent years, Ask Wire's research identifies many parcels of land in the central areas of Cypriot cities that are either underutilized or only partially utilized. ...

8. 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....

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

10. UN's Stewart: The option of a mutually agreed solution is fading

"I am extremely concerned that the option of a mutually agreed settlement of the Cyprus problem, i.e. a formula for the reunification of the island acceptable to both sides, is fading and will not be available for much longer", UN Secretary General's Special Representative for Cyprus Colin Stewart says....

11. More than €370m earmarked for rural and mountain communities

"The government supports rural areas and their residents", Cyprus’ Transport Minister, Yiannis Karousos said on Sunday evening, stressing that in 2019 the government adopted the National Strategy for the Development of Mountain Communities, for the first time since the establishment of the Republic of Cyprus....

12. Palestinians fly to Cyprus in Israeli airport pilot program

Several dozen Palestinians flew to Cyprus on Monday from an airport in southern Israel as part of a pilot program to allow Palestinians from the occupied West Bank to fly abroad...

13. Young woman on bicycle dies in Limassol accident

An unidentified female on a bicycle was killed Monday evening when she was struck by a vehicle, which also crashed into a utility pole causing a blackout in a borough in Limassol...

14. K. Treppides & Co Ltd: Benefits in Kind

There are a number of commercial benefits that come with registering the property in the name of a legal entity rather than as an individual e.g. for asset protection purposes as it provides protection against personal insolvency since a property that is in the name of a legal entity should not be affected should the individual becomes personally insolvent....

15. Ukraine, Russia set to sign deal on resuming grain exports

Russian and Ukrainian officials were poised Friday to sign deals designed to clear millions of tons of desperately needed grain for export, ending a standoff brought on by the war in Ukraine that threatened food security around the globe....

16. High winds as wildfire rages near Athens

A Greek wildfire fueled by gale-force winds raged in the mountainous region of Penteli near Athens on Tuesday, prompting authorities to order the evacuation of at least four areas and a hospital...

17. 20 years of the Cayenne: The ‘third Porsche’ – an extraordinary success story

Ferry Porsche predicted it back in 1989: “If we build an off-road model according to our standards of quality, and it has a Porsche crest on the front, people will buy it.” He would go on to be proved right. ...

18. Father in despair after son’s mystery accident

The father of a British visitor, who went on life support in Cyprus following an unexplained road incident, is raising questions over a police investigation into his son’s motorcycle accident last week...

19. The dilemmas of war and pandemic

Cyprus is a small country with a large export sector of services, which makes it vulnerable to its external environment. An external shock is felt faster and more intensely. ...

20. Man on life support after mystery accident

A British tourist found critically injured underneath a motorcycle in Paralimni has been unable to tell officers what happened, with police investigating a possible collision but not ruling out anything else...

21. Lidl Cyprus strengthens the Cyprus Red Cross for the 9th consecutive year

The amount of €45,500 was raised with the contribution of its customers, from the sales of Favorina products....

22. K. Treppides & Co Ltd: Letting your property in Cyprus through online platforms (e.g. Airbnb)?

The economy of Cyprus is largely dependent on tourism, and this is evident from the fact that government revenues from tourism accounted for over 12% of Cyprus GDP in year 2019 (in accordance with publicly available statistics extracted pre Covid-19 pandemic). ...

23. Clashes between locals and foreigners continue

A man has been arrested in the aftermath of a violent altercation between locals and foreigners in Emba, a quiet town in western Cyprus where residents have been up in arms over recent arrivals of Syrian and African refugees...

24. Russian troops begin moving away from positions around Kyiv

Some Russian units suffering heavy losses in Ukraine had been forced to return home and to neighboring Belarus, British military intelligence said a day after Russia promised to scale down military operations around Kyiv and another city....

25. Tesla recalls all 53,822 vehicles with its 'full self-driving' feature

Tesla will recall all 53,822 vehicles with its "full self-driving" driver-assist feature after it was intentionally programmed to slowly roll through stop signs in some scenarios....

26. Man on bicycle dies after car strikes from behind

A man riding his bicycle in Famagusta district was killed Tuesday after he was hit from behind by a car going the same way...

27. 2,000 euros for every motorist trapped on Attiki Odos

Attiki Odos SA, the company managing the Greek capital’s biggest ring road, has said that it will be compensating thousands of toll-paying motorists who became trapped on the highway in their cars and trucks during Monday’s blizzard....

28. Flights halted and cars banned as snow silences Istanbul

Flights were suspended for a second day at Istanbul Airport and private vehicles were barred from city streets on Tuesday, as heavy snowfall snarled traffic and left people stranded in Turkey's biggest city and across the country....

29. Snow wreaks havoc on Athens roads

Some 5,000 motorists spent hours trapped in their cars in freezing temperatures on the Greek capital’s Attiki Odos highway on Monday and dozens were still trapped through Tuesday morning...

30. Severe weather brings snow to Athens, Greek islands

A severe weather front has hit Greece, with below-freezing temperatures and snowfall in many parts of the country, including the capital Athens and many Aegean islands....