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301. Cyprus on alert for potential European repatriations

The authorities of the Republic of Cyprus are on standby in case there is need to evacuate Europeans or third-country nationals from the region, Deputy Government Spokesman Giannis Antoniou told CNA on Friday....

302. Eurozone service output stable in May, up 2.5% yearly

The production of services remained more or less stable in the eurozone (down -0.1%) and in the EU (+0.1%) in May 2024 compared to April, while increasing compared......

303. EU bolsters Lebanon with €1B aid package

The European Union has begun political dialogue with the Lebanese government to implement critical reforms, backed by substantial EU funding. ...

304. Cyprus to see warm, clear days this week

Expect mainly clear skies with some partly cloudy spells in the mountains this afternoon. Winds will be predominantly southwest to northwest, ranging from light to moderate at 3 to 4 Beaufort....

305. Iran declares no-fly zones, calling on aircrafts to alter routes

Iran issued NOTAMs (Notice to Airmen) for the central, western, and northwestern regions of the country, advising aircraft to alter their routes. This move comes as fears of a regional war escalate in the Middle East,...

306. Ten months after Hamas attack, conflict continues

Ten months after Hamas attacked Israel on October 7, 2023, the Middle East is currently at a critical juncture....

307. Cyprus non-cash payment value hits €129 billion

Non cash payments in Cyprus in the second half of 2023 rose by 12% year on year to €129 billion with total transactions amounting to 152 million marking an annual increase of 15%, the Central Bank of Cyprus (CBC) has said....

308. Cyprus could face financial strain over Vasilikos debacle

The abandonment of the Vasilikos terminal project by a Chinese consortium has triggered a cascade of financial and operational challenges for Cyprus, with substantial implications for state finances and energy infrastructure....

309. ''Cyprus crucial to global security,'' says US Ambassador

The U.S. Ambassador to Cyprus, Julie Fisher, stressed the significant role of Cyprus in regional and global security during her remarks at the Overseas Cypriots Conference in Nicosia. ...

310. Bank of England cuts interest rates after nearly a year of stability

The Bank of England (BoE) has cut interest rates for the first time since the start of the COVID-19 pandemic, dropping them from a 16-year high. This decision, made by a narrow 5-4 vote, reflects a split among policymakers about whether inflation is under control....

311. Athens and Cyprus alarmed by Middle East unrest following assassinations

Athens is deeply concerned about the recent developments in the Middle East, following the assassination of Hamas political leader Ismail Haniya in Tehran and Hezbollah leader Fouad Shoukr in Beirut....

312. EU plans two-phase trade strategy if Trump wins presidency

Brussels is developing a two-phase trade strategy in response to the potential nomination of Donald Trump in the upcoming U.S. presidential election in November....

313. Opponent disputes Maduro's win in Venezuelan election

Venezuelan President Nicolas Maduro has won a third term, according to the country's electoral authority, despite exit polls suggesting a decisive opposition victory....

314. Futuristic yacht stuns Mykonos with Sci-Fi design

315. Anastasiades speaks out on Cyprus solution, corruption, and political ties

In one of his most candid interviews to date, former President Nicos Anastasiades discussed the Cyprus problem and the talks held in Crans-Montana with Marina Economides in "K". ...

316. Apartment prices up 13.9% yearly, house price growth slows

In the first quarter of 2024, house price growth showed a slight slowdown, while apartment prices continued to rise....

317. June sees price hikes on essentials as inflation rises

Get ready to pay more for everyday items! Prices for many essential goods jumped in June, driving up inflation to 2.9%. This follows a steady rise from 2.4% in April and 2.7% in May....

318. Turkish parliament urges recognition of Northern Cyprus as independent state

In a resolution marking the 50th anniversary of Operation Attila, the Turkish parliament has called on the international community to recognize the occupied territories in Northern Cyprus as an independent state....

319. ECB keeps interest rates steady amid mixed inflation signals

The European Central Bank decided today to keep its key interest rates unchanged, as anticipated. This means the rates for main refinancing operations, marginal financing, and deposit facilities remain steady at 4.25%, 4.50%, and 3.75%, respectively....

320. Ursula von der Leyen secures second term as EU Commission President

In a decisive move, the European Parliament has elected Ursula von der Leyen to serve a second term as President of the European Commission,...

321. Rising costs of utilities and dining out are hitting home

The Harmonised Index of Consumer Prices (HICP) in Cyprus remained steady at 3% in June, according to data released on Wednesday by the Cyprus Statistical Service (CyStat). ...

322. Transparency concerns cloud EU vote on Ursula von der Leyen's presidency

The political fate of Ursula von der Leyen hangs in the balance today as 720 Members of the European Parliament convene in Strasbourg at 1 p.m. local time......

323. Construction of youth housing in occupied Cyprus to begin next month

Within a month, construction will commence on social housing projects for young people in the occupied areas of Morphou and Gerolakkos, according to "Prime Minister" Unal Ustel....

324. Mykonos tourism decline linked to high costs

International air traffic to Mykonos is on a downward trajectory for another year, according to plans for available seats that airlines have for this summer so far....

325. Turkey condemns Greek minister’s remarks on Cyprus anniversary

Turkey has reacted to comments made by Greek Defense Minister Nikos Dendias during his visit to Cyprus on Monday, marking the 50th anniversary of the 1974 coup that overthrew the government of then-president Archbishop Makarios and paved the way for the Turkish invasion of the Mediterranean island....

326. Cyprus and Greece commit to Eastern Med security

Defence Minister Vasilis Palmas stressed the joint commitment of Cyprus and Greece to make every possible effort to maintain peace, security, stability and cooperation in the Eastern Mediterranean......

327. Cyprus tourism faces €25 million Hit

The president of the Cyprus Hotel Association (PASYXE), Thanos Michaelides, has highlighted the urgent need to extend the tourist season and increase the number of year-round hotel operations. ...

328. Burberry announces hundreds of redundancies following share price drop

British fashion house Burberry is set to make hundreds of redundancies after a significant drop in its share price. The layoffs will primarily affect employees in the UK, according to a report by the Telegraph....

329. Cyprus charts course for 2025 budget surplus

President Nikos Christodoulides announced during a Cabinet meeting on Monday that the government is on track to achieve a budget surplus for the fiscal year 2025....

330. Cyprus banks receive upgrades, signal economic resilience

In a series of significant upgrades for Cypriot banks, Fitch Ratings has elevated the Bank of Cyprus and Hellenic Bank's credit ratings, underscoring a positive trajectory for the country's financial sector, according to a report by Panayiotis Rougalas in this Sunday's Kathimerini....