In 2022, there was a 27% increase in Airbnb income in the occupied territories, with the annual revenue per accommodation unit reaching 24,000 euros. Speaking before the Cypriot Parliament’s Trade Committee, Konstantinos Karakontis, the president of the Association of Self-catering Accommodation, also mentioned a projected 50% increase for 2023. The average nightly rate is €120, … Read more
The Minister of Production, Science and Technological Innovation of the province of Buenos Aires, Augusto Costa, headed the 2nd Provincial Forum of Cooperatives on the Move developed in the Bahía Blanca Port. Within the framework of the meeting in which 500 cooperative members from different districts of the Province participated, the head of the area … Read more
The joy of Italian footballers Source: SITA/AP/Luca Bruno MILAN – Spain’s footballers defeated Cyprus at home in Tuesday’s European Championship 2024 qualification match and claimed their third victory in Group A. The other favorites did not hesitate either, in Group C the Italians triumphed over Ukraine 2:1 and in the “efka” the Belgians beat Estonia … Read more
The five men, aged 19 and 20, were arrested on Sunday after a 20-year-old British woman reported to police that she had been gang-raped in a hotel room. On suspicion of rape, the Paralimni District Court decided to keep the Israelis in custody for eight days. According to the police, the suspects will remain in … Read more
Cyprus police arrested 13 people after a mob smashed storefronts and set numerous trash bins on fire during an anti-immigration march in the coastal resort city of Limassol, authorities said Saturday. Police said five people reported that they had been assaulted during Friday night’s march that involved some 500 demonstrators. All five were treated in … Read more
The United Nations (UN) Peacekeeping Force in Cyprus (UNFICYP) reported an incident in the buffer zone at Pyla. It occurred at a time when peacekeepers blocked unauthorized construction work in the area. “The UN Peacekeeping Force in Cyprus condemns the attacks on UN peacekeepers and the damage to UN vehicles by Turkish Cypriot personnel. Threats … Read more
[Prime Minister’s Office] Prime Minister Kyriakos Mitsotakis will visit Cyprus Monday. The visit had been postponed amid the wildfires crisis. His first stop will be the military cemetery in the district of Makedonitissa, where the tombs of the Greek and Cypriot soldiers killed during the Turkish invasion of July 1974 are located. Mitsotakis will meet … Read more
Deposits in the Cypriot banking system rose significantly in June, totaling 52.3 billion euros, while liquidity in the banking system amounted to €27.2 billion. Loans in the banking system also increased for a second consecutive month in June, reaching €25.1 billion. According to data published by the Central Bank of Cyprus (CBC), total deposits in … Read more
David Hunter waves as he leaves court. [Petros Karadjias/AP] A Cyprus court on Friday found a British man who killed his ailing wife in their home guilty of manslaughter, saying that the prosecution didn’t prove beyond reasonable doubt that the 76-year-old man committed premeditated murder. In a unanimous decision, the three-judge bench said that David … Read more
The Cyprus Parliament voted against two non-government bills about borrowers’ rights last Thursday, which disregarded warnings from the government and the Central Bank about potential threats to the stability of the financial sector. This marked the final plenary session addressing pending legislative matters before the summer recess. The initial bill, proposed by AKEL, ELAM, DEPA, … Read more