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301. PwC Cyprus hosts informative CESOP event on new VAT reporting obligation

PwC Cyprus successfully organized a pivotal event entitled ''A New Reporting Obligation on VAT'' at its state-of-the-art experience centre on Monday, 18 December 2023....

302. Cyprus and China strengthen ties with new export agreements

In a recent meeting between Cyprus's Minister of Agriculture, Rural Development, and Environment, Petros Xenophontos, and China's Ambassador to Cyprus, Liu Yantao, the two nations solidified plans to sign two new Cooperation Protocols....

303. Navigating the festive frenzy

The government is grappling with significant challenges in managing and addressing the housing needs of its building stock....

304. Americans return home in surprise Venezuela swap

In a significant diplomatic development, Americans, previously considered wrongfully detained in Venezuela, have touched down at a U.S. military base in San Antonio, Texas. ...

305. Cyprus linked to Magnitsky case through luxury hotel investment

The international organization OCCRP, specializing in organized crime and corruption, has once again implicated Cyprus in investment cases related to the luxury hotel Cap St Georges in Peyia. The connection ties back to the infamous Magnitsky case, a high-profile tax fraud scandal in Russia....

306. Divisions in Cyprus amplify fact-checking challenges

Cyprus, an ethnically divided island in the Mediterranean, is like any other nation: It’s been hit by a wave of misinformation, and residents are trying to keep up....

307. PwC Cyprus recognized for leading the way in ''gender equality''

PwC Cyprus was honored with the renewal of the ''Gender Equality Employer'' Certification at a ceremony held by the Ministry of Labour and Social Insurance on December 15, 2023....

308. Stellantis Group shifts gears in Cyprus, hands dealerships to CIC Automasters

In a significant development for Stellantis Group's car dealerships in Cyprus, the renowned global car manufacturer is set to transfer operations to CIC Automasters Group. ...

309. Businesses to cut greenhouse gas targets by 10%

Businesses revise climate targets as reality of long-term sustainability transformation hits. Sustainability progress plateaus as short-term pressures and external forces hit CSO agenda....

310. US-led naval coalition forms to protect Red Sea shipping routes

In response to a surge in attacks by Iran-backed Houthi rebels on commercial shipping, the United States, along with more than half a dozen allies, has launched Operation Prosperity Guardian, a reinforced naval task force in the Red Sea, according to a report in the Financial Times....

311. CBC warns of non-performing loan surge amid economic challenges

The Central Bank of Cyprus (CBC) issued a warning on Monday, cautioning about the potential influx of non-performing loans (NPLs) driven by high-interest rates and inflation, which are impacting households' disposable income and businesses' profitability....

312. Cyprus and the porn industry: High-tech hub exposed

For many years, the Republic of Cyprus, due to its art visa law, served as a hub for white flesh trafficking....

313. Workforce crisis grips Cyprus as 12,000 job vacancies surge

In the hotel, catering, and retail sectors, an estimated 12 thousand personnel needs have prompted relevant professional associations to jointly appeal to the Ministry of Labour, seeking simplified procedures for hiring staff from third countries....

314. Joseph Borghese receives 'Académico Honorario' title from Mexico

Joseph Borghese has been honored as the first Cypriot to receive the esteemed 'Académico Honorario' (Honorary Academic) title from Mexico. ...

315. Themis Themistocleous signals potential 2024 interest rate cut

In their ''Year Ahead 2024'' forecast, analysts at Swiss financial giant UBS anticipate a slowdown in the strength of the US economy throughout 2023. ...

316. Greek retailer Kotsovolos fined €2 million for misleading discounts

The Minister of Development, Kostas Skrekas, has levied a 2 million euro fine on the company "Dixons South-East Europe Commercial and Industrial Company of Electrical, Information Technology,...

317. One to three-star hotels dominate Greece’s accommodations

Three in four Greek hotels belong in lower categories of one to three stars, representing 50% of the country’s total capacity in terms of rooms, according to data from the Institute of Tourism Research and Forecasts (ITEP) of the Hellenic Chamber of Hotels....

318. Non-performing loans take a €95M dive

As of the end of September 2023, the total Non-Performing Loans (NPLs) in the banking system of Cyprus further decreased to €2.02 billion compared to €2.08 billion at the end of August. ...

319. Chinese elite move billions abroad in economic shift

In a remarkable shift this year, affluent Chinese have moved hundreds of billions of dollars out of the country, capitalizing on the end of COVID precautions that had tightly sealed China's borders for nearly three years....

320. Deloitte Cyprus CEO on 65 years, challenges, and future strategies

Deloitte Cyprus celebrates 65 years of presence on the island, playing a major role in the financial affairs of the state....

321. Makarios Avenue struggles to fulfill commercial expectations

Two years after the official opening of Makarios Avenue (8 December 2021), the commercial success of the street has fallen short of expectations,...

322. AstroBank: Residential and commercial properties for sale

AstroBank is selling residential and commercial properties in various areas of Cyprus such as Larnaca, Paphos and Nicosia....

323. The overtime dilemma – George Vassiliou's proposal

Only a young John Kapodistrias, with his wit and cunning, can rescue this troubled land from the folly of officials and citizens....

324. Leaders meet amidst UN envoy appointment

President Christodoulides and Turkish Cypriot leader Ersin Tatar met under new circumstances, following developments in the appointment of the UN Secretary General's Special Envoy for Cyprus....

325. Arachova faces unrest as Oliver slaying triggers online boycott

In the enchanting town of Arachova, situated at the base of Mount Parnassos, a distressing event has stirred waves of unease. The recent brutal killing and torture of an 8-year-old Husky named Oliver have prompted an online boycott targeting the winter resort....

326. Cyprus and France seal the deal on tax cooperation

In a milestone development, Cyprus and France have solidified their commitment to combat double taxation through the signing of a renewed Convention on the Elimination of Double Taxation....

327. Surge in bounced checks worth €1.6 million in 2023

328. Porsche: Driving the dream

How did it all begin? With a phone call. Because when Porsche invites you to live the dream, you can only say yes. And becoming a member of a team with creative individuals from different European countries to experience an unforgettable two-day Porsche adventure, full of adrenaline and unique moments, is a life experience you will have to tell forever......

329. Israelis alarmed at security hole in occupied territories

Benjamin Netanyahu's announcement, following Kathimerini's revelation that the Cyprus Intelligence Service prevented a strike against Israelis by arresting two Iranians linked to the Iranian Revolutionary Guards, ...

330. Planned attack against Jews in Cyprus thwarted

The Cypriot police arrested two Iranians last month, alleging their connection to the Iranian Revolutionary Guards of Iran (IRGC), targeting Jewish citizens in Cyprus....