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571. Terrorist attacks mar Soleimani memorial with 20 fatalities

In a solemn ceremony commemorating the 2020 death of Qassem Soleimani, tragedy unfolded near a cemetery in Iran as two explosions, attributed to 'terrorist attacks,' resulted in the loss of at least 20 lives and left dozens wounded, according to Iranian officials on Wednesday....

572. Cyprus grapples with lingering private debt woes

In Cyprus, the European Commission consistently highlights the significant economic challenge of private debt through regular post-program or post-memorandum reports....

573. Finance Ministry undergoes administration overhaul

574. Landlords urged to be reasonable when pricing rentals

Marinos Keynegirou, the president of the Real Estate Registration Council, warns of escalating prices and dwindling demand in the real estate market's fourth quarter....

575. Christmas shopping sees supermarket surge, clothing decline

Christmas shopping in Cyprus saw contrasting results, with supermarkets experiencing a better turnout compared to the previous year, while clothing and footwear shops faced a decline, except for children's gifts....

576. Elderly population hit by surge in COVID hospitalizations

Sixty people, mostly elderly, are being treated in public hospitals with COVID-19 at the moment, while there is a constant flow of patients with infections, State Health Services Organization (SHSO) spokesperson Charalambos Charilaou told CNA on Wednesday....

577. Wolfgang Schäuble, former German Finance Minister, dies at 81

Wolfgang Schäuble, the influential former German Finance Minister and speaker of the Bundestag, passed away at 81, leaving a profound mark on European financial affairs....

578. US Ambassador discusses Cyprus and Russian influence in exclusive interview

In an exclusive interview with Kathimerini, the U.S. Ambassador to Cyprus weighs in on whether the island nation's ties to Russian influence are changing. ...

579. Preserving Cyprus' cultural heritage is a bicommunal effort

580. Navigating the festive frenzy

The government is grappling with significant challenges in managing and addressing the housing needs of its building stock....

581. Israeli investments raise eyebrows in occupied territories

The large-scale acquisition of land in the Occupied Territories by Israeli citizens and Europeans of Jewish descent is creating interesting dynamics within the Turkish Cypriot community, as well as in Turkish and Turkish Cypriot press reports....

582. Half of Cyprus loans vulnerable to Euribor and ECB rates

Half of the loans in Cyprus are "vulnerable" to euribor and the European Central Bank's (ECB) key rates. In 2024 and 2025, we may not expect further increases, but rather possible decreases, according to the Central Bank of Cyprus' Financial Stability Report for 2022....

583. EU's Schinas criticizes veto use, stresses need for compromise

European Commission Vice President Margaritis Schinas voiced concerns about the use of the veto as a primary defense tactic, stating that it hinders compromise rather than facilitating it....

584. Major shipping firms redirect routes as Red Sea attacks intensify

In a significant move with potential global repercussions, major shipping companies, including MSC, Maersk, and Hapag-Lloyd, opt to steer clear of the Red Sea route....

585. Clear skies and thunderstorms looming on horizon

In a weather update for the island, today promises clear skies and temperatures ranging from 0 degrees on the coast to 10 degrees in the higher mountains. ...

586. 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....

587. Tatar's plea to Russia to reshape diplomatic landscape

"I would like to ask the Russian leadership and the Russian people to reconsider their policy on Cyprus, especially after what happened in Ukraine and what is happening in the world with a multitude of global changes," Turkish Cypriot leader Ersin Tatar told the Russian state news agency TASS - as reported by the latter....

588. Fire razes hotel in Ireland slated for asylum seekers

A 19th-century Georgian hotel, earmarked for housing asylum seekers, became the epicenter of a police investigation as flames engulfed the vacant Ross Lake Hotel in Rosscahill. ...

589. UK and Cyprus to strengthen global collaboration

The UK Foreign, Commonwealth and Development Office Director General for Europe, Peter Wilson and the Republic of Cyprus Ministry of Foreign Affairs Permanent Secretary, Kyriacos Kouros chaired the first annual review of the UK-Cyprus Memorandum of Understanding....

590. Parliament approves measures for NPLs and foreclosures framework

Cyprus' Finance Ministry has expressed satisfaction with the parliament's approval of laws integral to the comprehensive package for managing Non-Performing Loans (NPLs) and the foreclosure framework....

591. Non-performing loans take a €95M dive

As of the end of September 2023, the total Non-Performing Loans (NPLs) in the banking system of Cyprus further decreased to €2.02 billion compared to €2.08 billion at the end of August. ...

592. Chinese elite move billions abroad in economic shift

In a remarkable shift this year, affluent Chinese have moved hundreds of billions of dollars out of the country, capitalizing on the end of COVID precautions that had tightly sealed China's borders for nearly three years....

593. Yamaha's futuristic electric motorcycle without handlebars

Japanese company Yamaha has revealed concept renderings of the Motoroid 2, an electric motorcycle that stands out by omitting traditional handlebars....

594. Is the digital Euro the ECB's game-changer or a banks' ally?

The digital euro would not be a threat to the role of banks as financial intermediaries, Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) and ECB Governing Council member, has said, stressing that the digital euro will be issued and guaranteed by the ECB and not at the level of the member state....

595. Cypriot bonds hold firm at €6.75 billion amid ECB moves

As of the end of November, data from the Cypriot Central Bank reveals that the Eurosystem maintained its holdings of Cypriot bonds valued at €6.75 billion...

596. Cyprus economy receives positive rating boost

Fitch, the International Rating Agency, upgraded Cyprus' long-term rating to positive, citing economic resilience and fiscal strength. The agency affirmed the 'BBB' rating, previously upgraded in March 2023. ...

597. Cyprus welcomes historic visit from Iraqi president

In a historic meeting at the Presidential Palace, President Nicos Christodoulides of the Republic of Cyprus welcomed President Abdul Latif Jamal Rashid of Iraq, who is on an official visit to Cyprus....

598. Cyprus navy to be upgraded, says National Guard Chief

The Navy is implementing a far-reaching modernization program, having among other things enhanced its anti-ship capabilities, while...

599. Erdogan and Mitsotakis sign Landmark Friendship Declaration

Turkish President Tayyip Erdogan's arrival in Athens signals a pivotal moment in the longstanding tension between Greece and Turkey....

600. Erdogan's historic visit to Athens signals potential thaw in relations

Turkish President Tayyip Erdogan is scheduled to visit Athens, accompanied by a ministerial delegation, for crucial talks with Greek counterparts in a bid to enhance relations between the historically at-odds neighbors....