Limassol Municipality has set high goals towards achieving climate neutrality by selecting to join the EU Mission for climate-neutral and smart cities by 2030. Following a highly competitive process, in which there was overwhelming interest from 377 cities around Europe, Limassol was selected as one of the 100 ‘Climate Neutral and Smart Cities’. Cities play
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A man who sexually abused his underaged goddaughter has been sentenced to 9 years in prison, as the Nicosia Criminal Court found him guilty of all seven charges. Furthermore, an order was issued by the Court prohibiting the accused from working in places where children are present or frequent for 10 years from the date
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Retailers at Cyprus malls are delighted as visits and turnovers are almost 20% higher than those recorded in pre-coronavirus 2019, following more than two years of restrictions. In comments to news site Stockwatch, the general manager of the Nicosia Mall, George Georgiou, said the lifting of COVID restrictions and sales campaigns have boosted sales, pushing
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Cyprus’ first private power plant is on track to go online in 2023, as the project owners Cyfield Group announced the signing of the final financing agreement for the 260MW station. As announced by Cyfield, the final financing agreement was signed following a partnership between the Bank of Cyprus and Eurobank for the first private
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Price increases in Cyprus are likely to become permanent as the Ukraine war persists, warned rating agency Moody’s. In a report on the impact of the ongoing war in Ukraine, the agency said that Cyprus, along with Malta, Portugal, Slovenia, and Croatia, are more vulnerable to inflation and more likely to see temporary price increases
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Two men, aged 40 and 46, were arrested in a drug bust involving 17.7 kilos of cocaine hidden with bananas carried out in cooperation with Greek police, the British Bases and Cyprus customs. Cypriot police said their Greek counterparts had tipped them off on July 19 that drugs were hidden in a container with bananas
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Cypriot gymnasts Ilias Georgiou and Marios Georgiou secured the gold and the bronze medal in the Men’s Horizontal Bar final, a huge success for Team Cyprus at the Birmingham Commonwealth Games. After Cyprus doubled its gold tally, the country went up one place in the medal table to 11 with seven medals – 2 gold,
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US House Speaker Nancy Pelosi’s visit to Taiwan is a gross interference in China’s internal affairs, the Embassy of China said in a statement. It said, “external interference has been the biggest roadblock to the settlement of the Taiwan question and the Cyprus Problem, which the Cypriot people know better than anyone else.” The embassy
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A new study from Juniper Research has found that the total number of digital wallet users will exceed 5.2 billion globally in 2026, up from 3.4 billion in 2022, representing strong growth of over 53%. The research predicts the presence of ‘superapps’ will drive digital wallet use in developing countries that are currently considered cash-heavy.
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Debt held by households and non-financial corporations in the first quarter of 2022 amounted to €56.2 bln, according to the Central Bank of Cyprus. Household debt in Q1 was €20.2 billion, corresponding to 84% of Cyprus’ GDP, marking a slight reduction from the previous quarter mainly due to GDP growth. Compared with December 2016, household
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