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31. Cyprus increases funds for animal welfare groups

President Nikos Christodoulides, marking World Animal Day on Oct. 4, announced the expansion of the mandate of Environment Commissioner Dr. Antonia Theodosiou to include animal welfare. ...

32. Tighter lending rules for businesses while household loans remain steady

Cypriot banks made it harder for businesses to get loans in the second quarter of 2024, while lending rules for households stayed the same, according to a new survey by the Central Bank of Cyprus (CBC)....

33. Bank of England cuts interest rates after nearly a year of stability

The Bank of England (BoE) has cut interest rates for the first time since the start of the COVID-19 pandemic, dropping them from a 16-year high. This decision, made by a narrow 5-4 vote, reflects a split among policymakers about whether inflation is under control....

34. Anastasiades speaks out on Cyprus solution, corruption, and political ties

In one of his most candid interviews to date, former President Nicos Anastasiades discussed the Cyprus problem and the talks held in Crans-Montana with Marina Economides in "K". ...

35. ECB keeps interest rates steady amid mixed inflation signals

The European Central Bank decided today to keep its key interest rates unchanged, as anticipated. This means the rates for main refinancing operations, marginal financing, and deposit facilities remain steady at 4.25%, 4.50%, and 3.75%, respectively....

36. Mykonos tourism decline linked to high costs

International air traffic to Mykonos is on a downward trajectory for another year, according to plans for available seats that airlines have for this summer so far....

37. UN report flags rising tensions in Cyprus buffer zone

A new UN report by Secretary-General Antonio Guterres raises serious concerns about rising tensions in Cyprus, where actions by Greek Cypriot and Turkish Cypriot forces are undermining the authority of the United Nations Peacekeeping Force in Cyprus (UNFICYP)....

38. Government halts heavy industry in Vasilikos

The Cypriot government has granted a long-standing request from the Vasilikos area's coordinating committee, prohibiting further heavy industry licensing in the region....

39. Parliament reduces traffic light violation fines

Parliament unanimously passed a law reducing some out-of-court fines for traffic light violations, a measure largely prompted by the widespread use of photoelectric cameras in cities....

40. 153,000 people struggle with low incomes and high living costs

The share of Cyprus' population at risk of poverty or social exclusion remained steady at 16.7% in 2023, according to the Statistical Service of Cyprus (Cystat). This means that approximately 153,000 people in Cyprus are struggling with low incomes and high living costs....

41. Turkey-Greece relations could improve but Cyprus policy stays the same

Turkish Cypriot leader Ersin Tatar emphasized that while relations between Turkey and Greece have the potential to bring mutual benefits, Turkey’s policy on Cyprus remains unchanged. ...

42. Resilient CEOs embrace AI, plan for sustainable futures

Two in three CEOs optimistic about revenue and profit growth despite a challenging economic environment....

43. Kition Ocean Holdings accused of delaying Larnaca port upgrade

Stagnation has been observed on the government and company front regarding the redevelopment of the port and marina in Larnaca....

44. Cypriot banks set to exceed 2023's record profits in 2024

Cypriot banks are maintaining a low profile, but it's expected that 2024 will bring in higher profits compared to the record-breaking figures of 2023. ...

45. Court rules strangulation, not suicide, in Thanasis case

In a dramatic turn of events, the Limassol District Court concluded the third investigation into the death of Thanasis Nikolaou, ruling that he died from strangulation. Nikolaou, whose body was found under the Alassa bridge on September 29, 2005, was previously deemed to have died by suicide....

46. ECB maintains €6.76 billion worth of Cypriot government bonds

The value of Cypriot government bonds held by the European Central Bank remained steady at €6.76 billion by the end of April. This is part of the ECB's efforts to scale back its holdings and control inflation....

47. Cyprus unemployment falls to 6%, similar to EU average

Unemployment in Cyprus dipped to 6% in March, aligning with the EU average and staying below the eurozone average of 6.5%, as per data disclosed by Eurostat, the EU's statistical office, on Friday....

48. Cyprus's role in the Euro-Turkish equation

On a communicative level, as is customary, Nicosia may project a triumphant image regarding the interconnection between Cyprus and Euro-Turkish relations. However, both the final phrasing of the conclusions and Cyprus's initial aspirations argue in the opposite direction. ...

49. Dust and high temperatures expected

High pressure and warm air mass are set to influence the weather in the region, according to the forecast by the Meteorological Service. Dust is expected to linger in the atmosphere until Friday, with concentrations periodically increasing....

50. Lagarde signals Eurozone interest rate drop in June

The President of the European Central Bank, Christine Lagarde, has hinted at the possibility of a rate cut in June, citing the need for more data......

51. EU Parliament votes for clearer labels on breakfast foods

In a move aimed at empowering consumers and promoting healthier choices, the European Parliament has greenlit updated regulations governing breakfast staples such as honey, fruit juice, jam, and marmalades....

52. Business loans drop, home loans steady

The Central Bank of Cyprus reported on Wednesday that the net demand for corporate loans continued to decrease in the last quarter of 2023, marking a consistent downward trend since the first quarter of 2022, although at a slower pace than anticipated earlier in the year....

53. Cyprus energy project stalemate continues amid diplomatic efforts

The month-long stalemate in the Republic of Cyprus' largest energy project remains unchanged, with Nicosia striving to avoid terminating the contract with the project consortium. Despite inactive communication channels, the government seeks to rekindle relations through the Chinese embassy in Nicosia....

54. Cyprus government achieves significant debt reduction in 2023

The Cyprus government reported that the island nation ended 2023 with a debt of €22.4 billion, constituting around 99% of the Republic of Cyprus' total debt. This marks a notable reduction of €689 million or 3% from the corresponding period in the previous year....

55. Allegations of 'Vegas of the Med' status rattle Cyprus talks

Competent sources that spoke to CNA on Tuesday described reports in a British daily as orchestrated ones, that attempt to undermine the efforts to return to the Cyprus talks....

56. Cyprus backs UN resolution condemning Houthi attacks on Red Sea shipping

The Cypriot registry seems to remain unaffected for the time being by the latest developments in the Red Sea......

57. Non-performing loans hold steady at €2B amid rising rates

Non-performing loans in the Cyprus banking system remained essentially unchanged at €2 billion in October 2023, marking a marginal reduction of just €2 million, in an environment of rising interest rates....

58. UN Chief expresses concern over deepening divide in Cyprus

''It becomes clearer with every passing year that the divide between the sides is growing, gradually eroding the prospects of finding a mutually acceptable political settlement''...

59. Preserving Cyprus' cultural heritage is a bicommunal effort

60. UN's envoy to land in Cyprus for talks on Cyprus problem

In early January, the new Special Envoy of the UN Secretary-General, Maria Angela Holguin Cuellar, will arrive in Cyprus....