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1. Philippine tanker sinks, spilling 1,500 tons of fuel

A marine tanker carrying industrial fuel sank in rough seas off the Philippines on Thursday, causing a large oil spill as coast guard rescuers searched for a missing crew member, officials said....

2. Cyprus to decide on Great Sea Interconnector this August

Important decisions concerning the Great Sea Interconnector, an electric cable linking Cyprus and Greece, are anticipated in August. ...

3. Five Turkish warships stir tensions in Greek waters

In recent days, Turkey has deployed up to five warships near the maritime boundary between Kasos and Karapathos islands, just outside Greek territorial waters....

4. Cyprus economy soars as tech takes the lead while real estate trails

Cyprus' economy is showing impressive growth at the start of 2024, with the biggest gains coming from the tech and services sectors, Kathimerini's Anna Polyviou reports....

5. Are we in a real estate bubble?

The real estate market has been steadily rising since 2015, marking the ninth consecutive year of growth in the sector. However, this broad trend has not been without fluctuations, particularly influenced by the economic disruptions of the pandemic era. Monthly analyses of transaction numbers and volumes from this platform illustrate these ups and downs....

6. Donors withhold $90M in election funding unless Biden steps aside

Donors to a major super PAC backing President Joe Biden are withholding around $90 million in pledged funds, urging the president to step aside, sources told the New York Times. ...

7. Cyprus boomed in 2022 with more jobs and better services

Cyprus saw a widespread boost in economic activity last year, according to the latest Services and Transport Survey by Cyprus' statistical agency....

8. Hidden threat: Trifluoroethanoic acid found in European drinking water

A recent study has uncovered a concerning issue in Europe's drinking water: the presence of trifluoroethanoic acid (TFA), a chemical that current tests don't detect. The study, conducted by PAN Europe, found TFA in tap water and bottled mineral water across several European countries....

9. Alphamega and Bean Bar ranked among the top 20 Investors in People employers worldwide

10. Cyprus trade sector sees 20.7% surge in 2022 turnover

Turnover in the broad trade sector increased in 2022 by 20.7%, according to the results of the Wholesale and Retail Trade Survey, published by the Statistical Service on Wednesday....

11. Younger tourists are choosing Cyprus in the winter

In a bid to extend Cyprus's tourism season, a recent survey commissioned by Hermes Airports highlights promising opportunities for bolstering winter tourism, according to a report by Pavlos Neophytos....

12. Democrats urge Biden to withdraw from 2024 elections

In the wake of Joe Biden's recent debate with Donald Trump, Democratic pressures mount for the American president to be forthright about his health condition. Questions swirl about the responsibilities of his closest aides....

13. Execution-style murder of civil engineer linked to Mykonos activities

Police are intensifying their investigation into the murder of 54-year-old civil engineer Panagiotis Stathis, who was fatally shot on Tuesday morning outside his company's offices in Psychiko, a northern suburb of Athens....

14. Great Sea Interconnector study outlines benefits July 11

The Greek Regulatory Authority for Energy (RAAEU) has made a significant decision regarding the methodology for calculating the regulated revenue......

15. 2% of winter visitors to Cyprus stay in occupied areas

A new survey from Hermes Airports shows that 2% of tourists visiting Cyprus during the winter months (October 2023 - March 2024) stayed in the occupied areas. Additionally, 3% visited the occupied areas while staying in the free areas....

16. Rentals rise as home ownership trends change

Around 20-25 years ago, Cyprus was renowned for having one of the highest rates of home ownership globally, with figures nearly reaching 78% - 80%, as per the data available then....

17. Cyprus has a long way to go when it comes to EV's

Cyprus lags behind the rest of the European Union in the adoption of battery electric vehicles (BEVs), according to data from the European Alternative Fuels Observatory (EAFO). While growth is noted and targets seem achievable, the country's rate of electric car use remains among the lowest in the EU....

18. Paphos-Polis road project faces uncertain future

The long-awaited road project connecting Paphos to Polis Chrysochous, which began in May 2021, faces significant delays and potential abandonment. ...

19. UNESCO recognizes Larnaca as Cyprus' first 'Tsunami Ready' city

Larnaca is set to become the first coastal city in Cyprus to implement an early warning system and tsunami evacuation plan... ...

20. Cyprus lags in access to cutting-edge medicines

Cyprus falls behind in patient access to innovative medicines compared to other EU and EEA countries, ranking 23rd out of 36 nations, according to a survey by the European Federation of Pharmaceutical Industries and Associations (EFPIA)....

21. The $10 billion plan to rebuild Cyprus's ghost town

The Turkish newspaper Sözcü has drawn attention to Varosha, an abandoned area in Famagusta, calling it the "Las Vegas of the Mediterranean." The paper says it would take $10 billion to bring the ghost town back to life after being abandoned for 50 years....

22. Banks blame high interest rates for decline of new loans

Loan demand continued to fall in the first quarter of 2024, with banks blaming high interest rates for the decline. ...

23. New global report launched at Global Family Business Summit

The Global Family Business report from KPMG Private Enterprise and the STEP Project Global Consortium reveals how some successful business families adopt a future-centric view of legacy that binds generations together, creating dynamic legacies that adhere with tradition while simultaneously embracing innovation...

24. Wildfire subsides, surveying of damage begins

The raging fire in Paphos has subsided, according to statements made by the Minister of Agriculture following the Council of Ministers meeting....

25. Cyprus leads Europe in prison overcrowding

Cyprus leads Europe in prison overcrowding and the percentage of female inmates, according to the Council of Europe’s Annual Penal Statistics on Prison Populations (SPACE I) for 2023, released Thursday....

26. New banknotes featuring King Charles released in the UK

Banknotes bearing the portrait of King Charles III have been released into circulation for the first time today. ...

27. Turkey grapples with stray dog crisis

Dogs rush over and greet Nilgul Sayar when she arrives by car to feed them in the countryside near Istanbul, one of many Turks with affection for Turkey’s estimated four million stray dogs, whose fate now lies in the government’s hands....

28. NASA's new rocket set to cut Mars journey to just 60 days

Recently, NASA announced it was funding a revolutionary high-thrust rocket — called a Pulsed Plasma Rocket — that could make crewed missions to Mars in just two months....

29. DISY cautions against indirect AKEL support

As Cyprus gears up for the upcoming elections, the focus among party insiders has shifted to what will secure victory for the traditional parties and their leaders and what factors will influence voter turnout. ...

30. Archaeologists discover key features of historic Cypriot city

Exciting new discoveries about the ancient city of Nea Paphos have come to light thanks to a joint excavation by teams from the Universities of Warsaw and Krakow, working with the Cyprus Department of Antiquities. ...