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901. Housing, water and energy take up 25% of EU household expenses

In 2021, ‘Housing, water, electricity, gas and other fuels’ represented a quarter (25.0%) of EU household expenditure and 17.1% of household expenditure in Cyprus, according to Eurostat, the statistic service of the EU....

902. 9.2 million passengers traveled through Cyprus in 2022

A total of 9.2 million passengers traveled through Cyprus airports in 2022, which corresponds to 82% of passenger traffic in 2019, Senior Director of Aviation Development, Marketing & Communication of Hermes Airports Maria Kouroupi said....

903. Looking ahead to 2023: House prices in Cyprus

The end of 2021 saw Europe’s and Cyprus’ economies gradually recovering from the two-year rollercoaster ride of lockdowns, the stock market at record highs, and inflation increasing....

904. The 2023 investment chessboard

Today's data is completely different from what it was a year ago in terms of investment....

905. Nicosia backs new Israeli foreign minister

Cypriot Foreign Minister Ioannis Kasoulides has congratulated his Israeli counterpart who took office this week ahead of anticipated big news in Israeli-Arab relations that do not leave Nicosia unaffected...

906. Economic events that will be remembered in 2022

The energy crisis, which intensified after Russia's invasion of Ukraine and resulted in skyrocketing gas prices, took the lead throughout the year....

907. Cavusoglu says US lost honest broker status

Turkish Foreign Minister Mevlut Cavusoglu accused Washington of having stopped maintaining a ‘balance’ regarding Greece and Cyprus, just as Athens fired back at Ankara over increasing rhetoric in Aegean disputes...

908. Cypriot hospitals swarmed with viral infection cases

State hospitals have witnessed an increased flow of patients with viral infections a spokesman for the State Health Services Organization told CNA, adding that occupancy in all pediatric clinics is particularly high due to viral infections...

909. Cyprus braces for credit ratings in 2023

The ratings will take place in a year marked by a projected economic slowdown, amid the continued uncertainty that clouds the economic outlook, due to high inflation and the energy crisis, fueled by the continuing war in Ukraine...

910. 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...

911. 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....

912. Eva Kaili: From city council to city prison

913. 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, ...

914. 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....

915. €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....

916. '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....

917. 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....

918. 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....

919. 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. ...

920. 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...

921. 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....

922. 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...

923. '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....

924. 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...

925. 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....

926. 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....

927. 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,...

928. 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...

929. 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....

930. 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....