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871. Cash still king as Cypriots take digital leap

The growing preference of Cypriots for digital means of payment, but also the desire to maintain the ability to pay with cash and checks, are the main conclusions of the report of the Central Bank of Cyprus on Retail Payments in Cyprus for the years 2014-2021...

872. Romania retaliates against Austria's Schengen veto

Romanians that were looking forward to spending winter holidays in Austria’s many tourist destinations have started calling off their bookings, following Austria’s Schengen Veto, which prevents Romania and Bulgaria to join the Schengen Area....

873. Eva Kaili: From city council to city prison

874. Finance Ministry: 'Cyprus economy will not enter a recession'

There will be a significant slowdown in economic activity next year, we will be affected by increased energy prices and borrowing costs, but "inflation in Cyprus is being reined in at lower levels" compared to other European member states, ...

875. Life satisfaction in EU down in 2021 compared to 2018

The European Office for Statistics, Eurostat, has revealed that citizens of the EU were slightly less satisfied with their lives in 2021 compared to 2018....

876. €36 million loss so far reported by banks this year

The banking system reported a loss after tax of €36 million on a consolidated basis in the first nine months of 2022, compared to a profit of €22.54 million in the corresponding period of 2021....

877. 'K' poll: The race for second place (graphics)

We are in the crucial final sixty days before the elections, and everything points to a sensational thriller, a fierce battle for the coveted second place....

878. Prices of basic consumer goods fluctuating wildly

The average retail price levels in effect on December 7, 2022, compared to November 9, 2022, show that prices for basic consumer goods are staggering....

879. CBC Governor: 'Any recession is expected to be mild and short-lived'

Constantinos Herodotou, Governor of the Central Bank of Cyprus, talked about the ECB objective and actions to restore and stabilize inflation at 2% in the medium term and maintain financial stability, saying that any recession is expected to be mild and short....

880. Tatar: 'Discussions on air and naval bases still ongoing'

In remarks to a Turkish Anatoli news agency correspondent regarding the year-end assessment, the TC leader stated that the illegal airport in occupied Lefkonoiko was given to 'security forces' to serve as a base for Turkish IHAs. ...

881. Nicosia stays course as economic growth loses steam

Cypriot public finances have improved due to increased growth, although they are expected to be adversely affected due to a projected slowdown in the next few months, according to the 13th Post-Programme Surveillance Report for Cyprus...

882. Elections: President touts Averof's role in government's success

The dilemma in view of the February 2023 elections is the continuation of stability or experimentation, President Anastasiades said on Saturday, as the presidential campaign continues....

883. Rafales swing by Cyprus after testing NATO integration

French fighter jets pierced Cypriot skies over Paphos on Sunday morning, following multicarrier interoperability operations between NATO navies in the Mediterranean...

884. 'FTX-style crypto crash won’t happen in Europe'

The cryptocurrency world is reeling after the collapse of crypto exchange FTX — but EU policymakers are patting themselves on the back....

885. Cyprus gets taste of EU’s €85 million with a caveat

Cyprus will get Friday the first tranche of €85 million from the EU's Recovery and Resilience Mechanism, with European Commission technocrats also pointing to repeated suspensions of foreclosures in Cyprus that create problems in terms of achieving the goal of further reduction of NPLs...

886. Inflation rate in Cyprus expected to fall to 8.3%

Euro area annual inflation is expected to be 10.0% in November 2022, down from 10.6% in October according to a flash estimate from Eurostat, the statistical office of the European Union....

887. Averof: 'Technology firms can't find qualified Cypriot workers'

Averof Neophytou, Presidential Candidate and President of the Democratic Rally, stated after his visit to Murex that the global and Cypriot markets are in need of programmers and technology professionals....

888. World's largest crypto exchange platform to set up shop in Cyprus

The FTX bankruptcy scandal a few weeks ago rocked the entire crypto world to its core, after its founder Sam Bankman-Fried, the "wonderboy" of the crypto trading world,...

889. Economic sentiment slightly down in Cyprus

In November 2022, economic sentiment in Cyprus deteriorated slightly, as the Economic Sentiment Indicator decreased by 0.5 points compared with October 2022, according to the Business and Consumer Survey by the University of Cyprus...

890. 14 billion euros of loans on ice due to the suspension of foreclosure sales

In Cyprus, credit purchasing companies manage over 80,000 loans totaling €20 billion....

891. EC proposing a ceiling of 275 euros per megawatt hour for natural gas

Energy Commissioner Kadri Simson announced at a press conference in Brussels yesterday that the European Commission is proposing to cap the price of natural gas at 275 euros per megawatt hour for next month's TTF contracts....

892. Rift over gas cap looms over EU energy crisis plans

EU energy ministers meet in Brussels on Thursday to approve the latest set of emergency measures to mitigate an energy crisis, but the plans risk being eclipsed by disagreements over whether and how to cap gas prices...

893. 'The suspension of foreclosure sales is tragic for the country'

Bank of Cyprus CEO Panicos Nicolaou described Cyprus's decision to extend the suspension of divestments as "tragic."...

894. Twitter closes its offices: Chaos in the aftermath of Musk's 'ultimatum'

Hundreds of Twitter employees are expected to leave the company after new owner Elon Musk issued an ultimatum requiring employees to work "long hours at high intensity" or leave....

895. ECB: Banks in Italy, Portugal, Greece, Cyprus could see highest rise in NPLs

Banks in Italy, Portugal, Greece and Cyprus could suffer some of the biggest increases in non-performing loans while France, Ireland and Luxembourg could be among the best performers, the European Central Bank said in a fresh study on Tuesday....

896. CIA Chief in Ankara, warns against the use of nukes

U.S. Central Intelligence Agency Director William Burns is in Ankara to speak with his Russian intelligence counterpart to convey a message on the consequences of any use of nuclear weapons by Russia, a White House official said on Monday....

897. Katie Clerides campaigns for Averof Neophytou, calls for DISY unity

Messages in favor of unity in the ruling Democratic Rally (DISY) party on the occasion of a memorial service of its founder and former President of the Republic Glafcos Clerides and the visit of independent candidate Nikos Christodoulides to the occupied Maronite villages were the main developments in the election campaign during the weekend....

898. Finance Minister calls for the repeal of foreclosure suspension

The Ministry of Finance proposes delaying the law on divestiture suspension. ...

899. How Turkey's 'Blue Homeland' doctrine came to be

Fresh fuel was thrown onto the already volatile Greek-Turkish relationship in 2019 in the form of a map that was made public in a photograph that had Turkish President Recep Tayyip Erdogan standing in front of it....

900. Slower economic growth expected towards end of year

The Cypriot economy is expected to slow down towards the end of 2022 after growing steadily during the first half of the year, according to the chapter on Cyprus from the European Commission’s Autumn 2022 Economic Forecast which was presented on Friday by Commissioner for the Economy Paolo Gentiloni....