TRANSPORT A new air connection between Larnaca and Brussels is set to boost Cyprus’s accessibility as the country prepares to assume the Presidency of the Council of the European Union in January 2026. Strategic link to Brussels: Aegean cleared for takeoff Dorita Yiannakou The Department of Civil Aviation and Aegean Airlines are expected to sign a contract in the coming days to establish direct flights between Larnaca and Brussels (Zaventem Airport). READ MORE
Exports of halloumi at 1.34 billion over the last 5 years €227 million was recorded in the first 9 months of 2022 making it a record year for halloumi exports Maria Eracleous 11/01/2023 | BUSINESS
Dispute resolution services a more cost effective way to resolve issues Disputes between consumers and businesses are usually resolved within 90 days at a lesser cost 10/01/2023 | BUSINESS
WhatsApp given green light to sue Pegasus spyware company The US's top court is allowing WhatsApp to pursue a lawsuit against Israel's NSO Group, the creators of the Pegasus spy ... Source: Reuters 10/01/2023 | BUSINESS
Rolls Royce cruises to record sales thanks to ongoing luxury demand Even pre-orders for its fully-electric Spectre, due to go on sale at the end of 2023, had exceeded all of its expectations. ... Source: Reuters 09/01/2023 | BUSINESS
NPL's decreased by €32 million to €2.69 billion in October 2022 Household or non-commercial NPL's decreased by €6 million, to €1.35 billion Source: CNA 09/01/2023 | BUSINESS
Amazon to layoff 18,000 employees The cuts amount to 6% of Amazon's roughly 300,000-person corporate workforce Source: Reuters 05/01/2023 | BUSINESS
The plan to bring in more German tourists Response from travel agencies to 'K'-There are prospects, but demand lags behind other destinations Maria Eracleous 04/01/2023 | BUSINESS
Projects in excess of €48 million will begin in the first quarter of 2023 Funded by the Cyprus Tomorrow Plan Source: CNA 04/01/2023 | BUSINESS
The landscape of bank equity is changing in Cyprus The success of Eurobank's upcoming internal moves will depend heavily on Pimco Panayiotis Rougalas 04/01/2023 | BUSINESS
