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601. Cyprus banks to engage with top investors in London

The investment community is turning its focus to a major conference in London, set for late September, where several Cypriot banks will be represented....

602. EMA slams EAC for undermining electricity market competition

The Electricity Market Association (EMA) is expressing concern over recent requests made by the Electricity Authority of Cyprus (EAC) to President Nicos Christodoulides....

603. TUI halts day trips to occupied areas of Cyprus

TUI, Europe’s largest tour operator, has announced that it will stop organizing day trips from the free areas of Cyprus to the occupied territories starting August 31. ...

604. Ukraine intensifies fight against illicit tobacco trade

The illicit tobacco trade in Ukraine, one of Europe's most prominent black markets for cigarettes, is sending shockwaves through the economies of neighboring countries,...

605. Nicosia faces financial strain amid local government reforms

In an article in this Sunday's Kathimerini, Apostolos Tomaras writes that Just two months into the tenure of Cyprus’ new local government, the Nicosia Municipality is grappling with significant financial challenges, raising concerns about its ability to comply with legal requirements....

606. The Cypriot Hill Station

"Next Thursday, His Excellency the High Commissioner will depart from here with his family to go to his residence in Troodos for a vacation."(June 25, 1910). ...

607. U.S. approves $5 billion sale of patriot missiles to Germany

The United States has approved the sale of 600 Patriot air defense missiles to Germany, the Pentagon announced late Thursday. The deal is valued at approximately $5 billion (€4.6 billion) and aims to bolster Germany’s national and territorial defense, enhancing its interoperability with U.S. and NATO forces....

608. Cyprus tourism holds steady despite Middle East tensions

According to Kathimerini's Apostolos Tomaras, tourism in Cyprus remains strong despite geopolitical tensions in the Middle East. The summer season has shown a slight increase in tourist arrivals compared to last year, with current figures indicating a positive trend. Tourism receipts up to May have mirrored this performance, suggesting that Cyprus' tourism sector is holding steady....

609. Cyprus sees rise in surrogacy applications, mostly from Ukraine

Since surrogacy laws were introduced in Cyprus in 2017, there have been 96 applications for surrogacy up to 2023, with four of those being turned down....

610. Trade deficit slashed by 20% in 2024 amid falling imports

Cyprus saw its trade deficit shrink by over 20% in the first half of 2024, according to the latest data from the Statistical Service. The trade deficit, which is the difference between what the country imports and exports, fell to €3.57 billion, down from €4.48 billion during the same period in 2023....

611. 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....

612. 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......

613. 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. ...

614. 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....

615. 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,...

616. 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....

617. 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....

618. 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....

619. ''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. ...

620. 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....

621. 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....

622. 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....

623. 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....

624. Futuristic yacht stuns Mykonos with Sci-Fi design

625. 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". ...

626. 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....

627. 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....

628. 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....

629. 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....

630. 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,...