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211. 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....

212. 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. ...

213. Preserving Cyprus' cultural heritage is a bicommunal effort

214. Navigating the festive frenzy

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

215. 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....

216. 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....

217. 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....

218. 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....

219. 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....

220. 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....

221. 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....

222. 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....

223. 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....

224. 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...

225. 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....

226. 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...

227. 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....

228. 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....

229. APOEL seeks investors amidst financial challenges

In a recent development brought to light by 24sports, the revelation that a Cypriot team is on the market through Mergerscorp has ignited discussions across the internet. ...

230. ''The path to fighting inflation is difficult''

In an insightful dialogue about the economic landscape, Joachim Nagel, a prominent figure in the financial realm and a member of the ECB Governing Council, shares his perspectives on inflation, interest rates, and the challenges facing the European economy....

231. President Christodoulides affirms commitment to US relations

President of the Republic Nikos Christodoulides has said there is political will from both Cyprus and the US to further strengthen their relations....

232. Digital, more luxurious, more efficient: the new Panamera

Porsche revamps the Panamera: the third generation of the sporting luxury sedan is characterised by a wider range of digital features, a fresh and expressive design and a broader spectrum between dynamic performance and driving comfort. ...

233. Cyprus-U.S. relations soar to historic highs as President pledges economic cooperation

President Nikos Christodoulides emphasized the government's commitment to strengthening economic ties, trade, and investment with the United States during the AmCHAM Cyprus Thanksgiving Gala Dinner in Nicosia. ...

234. No plans to cut interest rates amid inflation worries

The perspective advocated by many young individuals, endorsing a declaration of victory over inflation, is articulated by Dr. Jensen, the president of the German Bundesbank....

235. Cyprus advances humanitarian corridor to Gaza

The Republic of Cyprus remains committed to establishing a maritime humanitarian corridor for delivering aid to Gaza, according to Foreign Affairs Minister Constantinos Kombos....

236. Creditors dispute foreclosure laws and strategic defaults

Creditors reluctantly agree to extend the freeze on main residence foreclosures up to €350k, but tensions arise over proposed legislative changes....

237. Elizabeth McCaul unveils hidden financial dangers

A strong signal highlighting the need for closer scrutiny of non-bank financial institutions comes from Frankfurt, as Elizabeth McCaul, a member of the European Central Bank's Supervisory Board, emphasizes the potential risks....

238. Electronic IDs set to transform citizen services

Before the end of the current year, citizens and various professional groups will benefit from the use of electronic identity and electronic signatures in several government services, said Philippos Hadjizacharia, the Deputy Minister of Research, Innovation, and Digital Policy, during his speech at the 19th annual Economist Conference in Nicosia. ...

239. UN chief's controversial view on Cyprus unity

In a recent interview, the Special Representative of the UN Secretary-General and Head of UNFICYP, Colin Stewart, referred to the fact that his country of origin, Canada, has a French-speaking Prime Minister, despite the fact that French-speakers make up 25% of the population, in order to show that ethnic and linguistic differences are being addressed and over time will not pose a threat to the unity of the country....

240. Cyprus banks bracing for profit squeeze according to Moody's

Moody's believes that Cyprus' small and saturated banking sector, the banks' limited loan portfolio, and low fee and commission income will restrict opportunities for growth in domestic banks' activities and profitability in the long term....