New loans granted by Cypriot banks increased by 15.4% in the first eight months to August compared to 2021, pushed upwards by higher demand for household and business loans. Despite a €182.3 mln drop in August, recording a decrease for the second month in a row, Cyprus banks have so far this year given out
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Budget carrier Wizz Air expects to fly up to 800,000 passengers to Cyprus by the end of the year, said company official Evelyn Jeckel. “We actually have around 400,000 passengers here in Cyprus this summer, and overall, we expect between 700,000 to 800,000 by the end of the year”, she told CNA. The Hungarian airline,
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Cypriot motorists, tired of driving into potholes with their vehicles, can now alert the authorities of any problems on the roads via an online application suitably dubbed FixCyprus. The app, designed by the Cyprus Centre for Research and Excellence (Kios) under the University of Cyprus, allows people to report problems, including potholes, broken traffic lights,
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Manchester United fans travelling to Cyprus for their team’s game against Omonia Nicosia in the Europa League group have taken up almost every available room in the capital’s hotels. As confirmed by the Cyprus Hotel Association, Nicosia hotels are turning down accommodation requests, as they are fully booked with United fans ahead of Thursday night’s
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The government has launched an action plan to promote halloumi as a ‘product of designated origin’ (PDO) after the European Commission rubberstamped its authenticity as a Cypriot product. Aiming to boost the squeaky cheese’s recognition as an original Cypriot product and increase exports, the Commerce Ministry launched the website halloumi.cy, offering several services to consumers
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The European Central Bank Governing Council will begin discussions on shrinking its balance sheet during Wednesday’s non-monetary policy meeting in Limassol. The Central Bank of Cyprus announced that ECB President Christine Lagarde and governor Constantinos Herodotou would have a “free and open discussion” with 100 university students in Nicosia on Tuesday evening. As the ECB
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Cyprus’ real estate sector is proving to be resilient, as it has recorded its best nine months of sales since 2008, according to Land Registry data. According to the latest data, sales documents filed with the Land Registry in the first nine months of 2022 amount to 9610, up from 7003 last year, marking an
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Cyprus Airways announced ambitious plans for Summer 2023 to fly to 11 destinations with a schedule of at least 43 weekly flights. The Summer 2023 schedule will launch on 26 March. Seats on the airline’s key destinations of Athens, Beirut, Tel Aviv, Cairo, and Yerevan are already on sale, with flights to Heraklion, Rhodes, Thessaloniki,
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In the Special Theory of Relativity, Einstein determined that time is relative—in other words, the rate at which time passes depends on your frame of reference. My grandmother Marina used to tell me that time speeds up as you get older because every day that passes is progressively a smaller increment to the time that
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By Craig Erlam The week is off to an eventful start with the UK government announcing its first U-turn, speculation mounting ahead of the OPEC+ meeting and Japan warning of another possible FX intervention. Equity markets were flashing red once again on Monday as investors continue to fret over the outlook for the global economy.
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