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1. ECB VP praises Cyprus' economic turnaround

ECB Vice-President Luis de Guindos praised Cyprus for its remarkable economic improvement and recent upgrades by two rating agencies during a meeting with Cyprus Central Bank Governor Constatinos Herodotou in Nicosia. The officials emphasized the strengthening collaboration between Cyprus and the ECB....

2. EU seeks centralized energy storage solution

As part of the Save and Upgrade plan, only eight applications have been submitted thus far for the installation of home storage systems. It's important to note that these grants exclude new homes, which are expected to meet almost zero energy consumption standards....

3. Cyprus banks secure Moody's upgrade to investment status

After 12 years, Moody's has upgraded the ratings of Cyprus' two major banks, Bank of Cyprus and Hellenic Bank, placing them in the investment category....

4. Limassol wine festival kicks off on October 7th

A large traditional male figure with a folklore costume, known as the "Vrakas", who has come to be the signature of the Limassol Wine Festival, was put up last Tuesday, ready to welcome thousands of locals and visitors to the well known event taking place annually at the coastal town of Limassol....

5. Moody's boosts Bank of Cyprus and Hellenic Bank ratings to Baa2

Moody’s Investors Service has upgraded Bank of Cyprus’ and Hellenic Bank’s long-term deposit ratings to Baa3 from Ba1, citing the continued resilience of the Cypriot economy and credit conditions, which are leading to supportive operating conditions for Cypriot banks....

6. Avgoustides becomes Cyprus Ambassador in Athens

Ambassador Stavros Avgoustides has assumed his duties as the new Ambassador of the Republic of Cyprus in Athens, replacing Dr. Kyriakos Kenevezos....

7. Finance Ministry's new measures for the vulnerable in the works

The Finance Ministry is considering new measures to support particularly the vulnerable groups of society amid the continuing pressures from high prices and inflation, Makis Keravnos Minister of Finance said on Monday, adding the measures were in the pipeline irrespective of the rating upgrades by Moody’s and DBRS Morningstar....

8. Moody's double upgrade ignites investor interest

Last Friday, Moody's delivered a double upgrade for Cyprus, propelling the nation into the investment-grade category recognized by all four major financial firms. Although these rankings may appear modest, their real-world impact is substantial....

9. No fee increases for 2024 at Larnaca marina

Kition Ocean Holdings announced on Thursday that there will be no increases in berthing fees for recreational boat owners at Larnaca Marina in 2024. ...

10. Cyprus' 'Photovoltaics for All' cuts electricity costs by 50%

In a bold move to expedite the transition to green energy, the Ministry of Energy is gearing up to unveil a groundbreaking solar energy production initiative that promises to reshape the balance between conventional and green energy sources....

11. GHS welcomes Ygia Polyclinic

On Monday, September 25, 2023, the "" Polyclinic officially became part of the General Health System, offering inpatient care and a First Aid Department...

12. A closer look at the Greek-Turkish dynamic

The public discourse is inundated with discussions for and against the evolving Greek-Turkish rapprochement. Strangely, there are few references to the Cyprus issue, which has continuously occupied Greek foreign policy since the 1950s....

13. The missing piece in Greek-Turkish diplomacy

The public discourse has been flooded with commentaries in favor or against the ongoing efforts for a Greek-Turkish rapprochement....

14. Why did Brussels ignore Cyprus? Questions arise over EU inaction

Commission President Ursula von der Leyen delivered a comprehensive 16-page speech on the "state of the Union" before the European Parliament, speaking for an hour....

15. EUNOMIA 4-2023 to unite nations and strengthen ties with the US

The joint exercise of Cyprus, France, Greece, and Italy "EUNOMIA 4-2023" is an indication of the readiness of the four countries to work together to ensure conditions of security and stability in the Eastern Mediterranean, said on Thursday President of the Republic, Nikos Christodoulides....

16. Assessing school preparedness: Are they ready for the first bell?

Education is finalizing preparations for the upcoming school year, set to commence on September 7 for secondary and September 11 for primary education. ...

17. Wildfires ignite political backlash amidst growing anger

As thick black smoke filled the Athenian sky and blazes consumed homes in the suburbs, a political firestorm broke out among Greek politicians Wednesday....

18. High-tech centers personalizes scans with AI

Diagnostic tests are a crucial factor in seeking medical care as they provide doctors with a well-informed view of the patient's condition....

19. EuroAsia interconnector loan denied by European Investment Bank

The European Investment Bank will not approve a loan for financing the electricity interconnection project between Cyprus, Greece, and Israel through the EuroAsia Interconnector, as confirmed by a representative from the EIB in an interview with "K" magazine....

20. 2022 marks best real estate year in 14 years

DANOS, a prominent real estate consulting agency, hails 2022 as a remarkable year for Cyprus real estate, breaking through the economic challenges and awakening from the post-COVID stagnation. ...

21. Cyprus hotels expect August rebound, 85%-90% occupancy forecasted

The occupancy of hotels in July was between 80%-85% and better results are expected for August, when occupancy rates could reach 85%-90% the Head of the Cyprus Hotels Association (PASYXE) Thanos Michaelides told the Cyprus News Agency....

22. Eurobank Cyprus reports soaring profits amid rising interest rates

Eurobank Cyprus posted soaring profitability after tax for the first half of 2023 with net profits approaching the profitability of full year 2022, due to rising interest rates and the high remuneration of its liquidity held at the ECB....

23. Spain eases residency rules for travelers

The Spanish authorities have announced that foreigners holding the country’s temporary residence permits will no longer be subject to strict rules as before....

24. Government's solar power initiative for vulnerable homes

The government is currently working on the installation of free solar power systems for vulnerable individuals....

25. Platres Mayor proposes university units in Troodos

Panagiotis Papadopoulos, the Mayor of Platres and President of the Troodos Network, recently spoke on SPOR FM's DIAPORA NEWS show to discuss the development of university units in Troodos, the region's economic and touristic enhancement, job opportunities, and this year's tourism trends....

26. Larnaca - Piraeus ferry ready to set sail in ten days

In ten days, on July 29, the Larnaca - Piraeus ferry line is set to launch, and the demand has surged, with the Daleela ferry already fully booked. According to Deputy Minister of Shipping, Marina Hadjimanoli, who spoke on the show "Διασπορά Ειδήσεων" on SPOR FM,...

27. ZEUS Signature Collection: Introduction and Announcement

28. Cyprus surpasses 40,000 solar installations

The Electricity Authority of Cyprus has taken actions to reduce the waiting time for the inspection of photovoltaic systems after installation....

29. Proposed foreclosure reforms spark debate in Cyprus

Three proposals will be discussed at the last Plenary Session of the House of Representatives before the summer recess, along with three scenarios regarding the outcome of the foreclosure framework....

30. Turkey's plans for the Cyprus problem

The major diplomatic backdrop leading up to today's NATO Summit was marked by the culmination of negotiations between the United States, Turkey, NATO, and Sweden in order to lift Ankara's months-long blockade on the latter's accession to the Alliance....