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31. Cyprus achieves €600 million fiscal surplus in Q1 2024

Cyprus generated a fiscal surplus close to €600 million in the first quarter of 2024, marking an increase of 58% year on year, driven by the rise in state revenue which exceeded the rise in spending....

32. Schools to close early on Friday due to heatwave

Education Minister Athina Michaelidou defended the government's decision to suspend classes early on Friday due to soaring temperatures, calling it a balanced approach despite inevitable discontent....

33. EU to impose up to 25% tax on imported Chinese EVs

The European Commission is set to notify car makers on Wednesday that it will provisionally apply additional duties of up to 25% on imported Chinese electric vehicles (EVs) starting next month, according to the Financial Times, citing sources familiar with the matter....

34. Cyprus inflation could offset ECB rate cut benefits

The European Central Bank (ECB) cut its three key interest rates by 25 basis points on Thursday, marking the first reduction after nearly two years of increases or stasis. ...

35. Cyprus wins IMF praise for strong recovery

The International Monetary Fund (IMF) has praised Cyprus for its robust economic recovery and fiscal discipline, recommending continued efforts......

36. China's leader targets Hungary, Serbia for investments

Chinese leader Xi Jinping will spend most of his five-day tour in Europe this week in two small countries in the continent’s eastern half, a region that Beijing has used as a foothold for its expanding economic ambitions in Europe....

37. Few coal plants to survive stricter US regulations

New climate rules imposed by Joe Biden’s administration requiring huge cuts in carbon pollution from coal-fired power plants will accelerate the decline of an industry that until recently provided most of America’s power, experts say, potentially even dealing a death blow to coal in the US....

38. MP Neofytou proposes €11,000 immediate payout for solidarity fund recipients

Democratic Rally MP Averof Neophytou has unveiled a groundbreaking initiative aimed at alleviating financial burdens for beneficiaries of the Solidarity Fund....

39. Imported wine squeezes Cyprus market

According to Kathimerini reporter, Andreas Karamitas, wine marketing in Cyprus boasts an annual turnover of approximately €7 million, a sum primarily fueled by domestic consumption rather than exports, which only account for around €1 million. ...

40. Cyprus ends 2023 with €918.7 million fiscal surplus

Cyprus's financial report card for 2023 is in, and it's showing some positive signs. According to the Statistical Service of Cyprus, the country ended the year with a fiscal surplus of €918.7 million. That's like having extra money left over after paying all the bills....

41. Cyprus faces migration crisis amid infrastructure strain

Cyprus is facing a mounting migration crisis as data obtained by K on Thursday reveals a surge in illegal immigrant arrivals, straining the government's resources and raising concerns about a humanitarian emergency....

42. EU probes Chinese subsidy claims in Romania solar tender

43. Can high-speed trains boost birth rates in South Korea?

In a bold move to combat its plummeting birth rates, South Korea has unveiled a groundbreaking initiative: the Great Train eXpress (GTX)....

44. Cyprus maritime sector advances amidst ambitious goals

''Without a doubt, we take pride in the achievements of the past 60 years. Our ambition is to set even higher targets and strengthen the competitiveness of Cypriot shipping,...

45. Government implements measures to alleviate rising prices

In response to concerns over price hikes, the government has unveiled a set of targeted and broad-ranging measures aimed at alleviating financial strain for citizens. ...

46. Finance Ministry to shield vulnerable homes from price hikes

The forthcoming measures are set to target specific areas, not just spread thinly across the board, in the fight against rising prices....

47. Cyprus braces for soaring fuel prices

Cyprus braces for a significant hike in motor fuel prices by mid-April, with increases of 10 cents per liter expected to impact consumer spending across the island nation, according to a report by Kathimerini's Maria Eraclous....

48. Small farms dominate 85% of EU agricultural aid

Farmers with small farms constitute more than 85% of the beneficiaries of Common Agricultural Policy subsidies in Cyprus, Minister for Maria Panayiotou said in her intervention......

49. Efforts underway to preserve native Cypriot cattle breed

A collaborative effort among Cypriot stakeholders aims to revitalize the dwindling population of the native Cypriot cattle breed, which has faced endangerment since the mechanization of agriculture post-1960....

50. Christodoulides unveils €60M relief package amid rising prices

In an address to the nation, the President of Cyprus unveiled a series of targeted measures aimed at alleviating the economic challenges faced by households and businesses amidst rising prices. ...

51. High demand for electric vehicle subsidies as applications surge

In response to the subsidy schemes for electric vehicles, the Road Transport Department reports significant interest since the application process began on Saturday....

52. Cyprus development expenditure: 2023 surpasses €1B

The realization of state budget development expenditure in 2023 reached 72% compared to 70% in 2022 and the average of 69% over the last decade, according to a Treasury report released on Wednesday....

53. Department faces 2,000 backlogged refugee applications due to understaffing

In February 2024, the Service for the Care and Rehabilitation of Displaced Persons (YMAPE) revealed a backlog of 2,000 pending applications, citing understaffing issues. ...

54. Farmers rev up tractors in protest against EU agricultural policies

In the third such demonstration within eight months, Cypriot farmers steered their tractors through city streets, protesting against what they perceive as the European Union's misguided policies in the common agricultural policy....

55. Government to receive €1.2B for green transition and resilience plan

Cyprus is set to receive a total of 1.2 billion euros from the Recovery and Resilience Plan (RRP). ...

56. Energy Minister deliberates potential 6% electricity bill increases

The Energy Minister, George Papanastasiou, addressed concerns about potential electricity bill hikes arising from the EAC's request to CERA to recover 6% of its 2024 expenses....

57. Cypriot farmers' protests send ripples across Europe

The surge of farmers' fury has reverberated in a manner unprecedented for Brussels, the nerve center of European decision-making....

58. Farmers protest outside European Parliament over taxes and imports

In a fervent display of frustration, angry farmers ignited fires outside the European Parliament building in Brussels today, venting their grievances against taxes, escalating costs, and the influx of cheap imports....

59. Ministry's bold steps for energy renovation unveiled

The Ministry of Energy, Commerce and Industry proceeds with the preparation of standard procedures for the announcement and implementation of energy renovation projects....

60. 78% of gyms in Cyprus operate illegally, posing risks to consumers

In a startling revelation, the Pan-Cyprian Association of Gym Owners (PASIGY) disclosed in a press conference on Tuesday that a staggering 78% of private gyms in Cyprus are operating without the necessary licenses....