BANKS Banks agree: Employees to get €4,500 in bonuses, salary hikes and expanded loans Panayiotis Rougalas Cyprus’ bank staff are looking at a festive season with some serious perks on the horizon. After weeks of negotiations, banks and the union ETYK have reached a final agreement on a new collective contract covering 2023–2027. READ MORE
CBC urges banks to embrace transformation for sustainablefuture Governor Herodotou emphasizes the need for proactive measures and collaboration to tackle challenges in the banking sector ... Newsroom / CNA 18/05/2023 | BUSINESS
EU grants 24M euros to upgrade Greece's Alexandroupolis Port Investment to enhance infrastructure and boost energy trade in the Northern Aegean Sea Source: Reuters 18/05/2023 | BUSINESS
UK and US specialists to provide consultancy on sanctions British and American specialists to visit Cyprus in order to provide consultancy services for the implementation of new ... Source: CNA 18/05/2023 | BUSINESS
Cyprus banks' strict adherence to sanctions worries legitimate entities Cypriot banks unwilling to take risks in serving individuals or entities under sanctions, including freezing and blocking ... Panayiotis Rougalas 17/05/2023 | BUSINESS
0% VAT rate, the second round Exploring next steps in reducing taxes on essential goods Maria Eracleous 17/05/2023 | BUSINESS
AI warning: Urgent government intervention needed, says OpenAI CEO Tech companies' AI developments pose 'significant harm' risk, Sam Altman tells US politicians 17/05/2023 | BUSINESS
Cypriot economy maintains momentum but faces uncertainties Strong GDP growth of 3.4% in Q1 2023, yet signs of a slowdown amid external uncertainties and restrictive monetary policy ... Source: CNA 16/05/2023 | BUSINESS
Cyprus on verge of becoming LNG hub as talks of Israel pipeline intensify Promising prospects emerge as Cyprus explores LNG transformation in partnership with Israel Apostolos Tomaras 16/05/2023 | BUSINESS
BOC Chief urges sanctioned entities to seek exemptions themselves Panicos Nicolaou comments on the responsibility of sanctioned entities and closures of high-risk accounts Panayiotis Rougalas 16/05/2023 | BUSINESS
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