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1711. Bank of Cyprus: 71 million in profits in 2022

Bank of Cyprus' profit for 2022 was 71 million euros, up from 30 million euros in 2021....

1712. Lagarde announces a new interest rate hike in March

European Central Bank President Christine Lagarde reiterated in a speech to the European Parliament that the ECB intends to raise borrowing costs by half a point next month....

1713. Credit Suisse posts $1.51 billion loss in 4th quarter of 2022

Credit Suisse on Thursday reported a fourth-quarter and annual net loss that missed expectations, as the Swiss bank continued with its huge strategic overhaul....

1714. Marina Association 'surprised' by statement on Paphos marina

The development of Paphos Marina is moving forward, thanks to a Cabinet decision. This has been an issue for decades, and when the Deputy Minister of Tourism took office, he re-launched an effort to promote the project by preparing a feasibility study for its construction....

1715. Secrets of the A380: What passengers never see

1716. Is there a permanent American presence at the bases?

In an article published last Wednesday on the British website DeclassifiedUK, there is talk of broadening US presence - on a permanent basis - in the areas of the Sovereign British Bases (SBA) in Akrotiri. According to sources in the British Ministry of Defence, ...

1717. MEP's propose solutions to the growing migration problem in Europe

In a plenary discussion with the Swedish Presidency and President von der Leyen, MEPs presented their views on how to deal with the migratory challenges facing Europe....

1718. Half a billion euro investment in digital transformation

Over the next five years, a little more than half a billion euros (€512 million) will be set aside for digital transformation. ...

1719. Tourism revenues are on the mend

Savvas Perdios, the deputy tourism minister, spoke with K shortly after his trip to New York and Washington, D.C., about the ministry's investment in this market and the need to gradually lay the groundwork for increased American visitor numbers in Cyprus....

1720. Cabinet agrees to implement full-day high school program

1721. EC: €5 million in scholarships for Turkish Cypriot community

The European Commission has announced the launch of the EU Scholarship Programme for the Turkish Cypriot community for the academic year 2023/24, with a budget of €5 million from the Aid Programme for the Turkish Cypriot community....

1722. Sex ed to be introduced in schools by September

Sex education will be introduced in an institutionalized and comprehensive manner beginning in September, covering all levels from pre-primary to third high school. ...

1723. 47,700 young Europeans to be granted free travel tickets

DiscoverEU, which is an action of the Erasmus+ program that gives youngsters a chance to travel throughout Europe for free, has announced that a total of 47,700 tickets will be given to European youngsters at the end of this winter....

1724. Cyprus' national minimum wage takes effect on first day of 2023

National Minimum Wage in effect in Cyprus for the first time in January...

1725. ECB raises interest rates by 0.5%

Christine Lagarde warned markets not to expect an early end to rate rises next year, on a day when the European Central Bank and the Bank of England lifted borrowing costs to their highest levels in 14 years....

1726. 1,100 euro rental cap on thousands of homes in the Netherlands

The Dutch government will impose limits on rents for more than 300,000 homes in order to provide affordable housing in the face of a shortage in the country's housing problem....

1727. Cyprus airways unveils strategic plans, new routes

Cyprus Airways on Wednesday unveiled its five-year strategic plan announcing the expansion of is flight schedule to five new routes, namely Milan, Zurich, Prague, Basel, and Cairo...

1728. Cypriot parliament approves state budget

The House of Representatives plenary approved the 2023 state budget on Thursday evening, the last to be tabled by the 10-year administration of Nicos Anastasiades...

1729. The 2023 Budget in the vortex of the elections

The government of President Anastasiades has just submitted its final budget, for 2023. DISY will undoubtedly support the budget, but it will be interesting to see what position it will take if and when the polls are confirmed....

1730. France first country to ban short haul flights

France has been given the green light to ban short-haul domestic flights. Specifically, between locations where there is a train alternative that takes less than 2.5 hours....

1731. The expansion of the digital economy and the upcoming exchange of information and tax transparency regimes

The exchange of information has been widely considered as a one of the most effective measures in tackling tax evasion and protecting the integrity of tax systems. ...

1732. €76.4m profit in first 9 months of 2022 for Hellenic

Hellenic Bank announced a profit of €76.4 million for the first 9 months of 2022. According to the Group Financial Results for the nine-month period, ...

1733. 'Double tax' treaty talks to begin between Cyprus and Australia

Cyprus Finance Ministry has expressed satisfaction with the positive reaction of Australian authorities to initiate bilateral negotiations for the conclusion of the Convention for the Elimination of Double Taxation with respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance....

1734. Slower economic growth expected towards end of year

The Cypriot economy is expected to slow down towards the end of 2022 after growing steadily during the first half of the year, according to the chapter on Cyprus from the European Commission’s Autumn 2022 Economic Forecast which was presented on Friday by Commissioner for the Economy Paolo Gentiloni....

1735. Republicans move towards a majority in the House

Republicans edged closer on Thursday to securing a majority in the U.S. House of Representatives while control of the Senate hinged on a few tight races, two days after Democrats staved off an anticipated "red wave" of Republican gains in midterm elections....

1736. USA: Republican 'red tide' fails to sweep US midterms

Republicans are favored to win the House of Representatives, but the fight for the Senate is on a knife edge....

1737. Deep political divide in the US as midterm elections loom

In a stark closing argument ahead of the U.S. midterm elections, President Joe Biden on Monday warned that a Republican victory could weaken the country's democratic institutions, while former President Donald Trump hinted he could announce another White House bid as soon as next week....

1738. 'Cyprus Tomorrow': A plan made by Cypriots for Cypriots

The importance of the "Cyprus - Tomorrow" National Plan was highlighted by Government Spokesperson and Cabinet Ministers, who attended a special promotional event in Nicosia on Saturday....

1739. €6 million chalet just one of several investments planned for the mountains of Cyprus

The new €6.3 million project in Moniatis, which is looking for a buyer, shows that investment in mountainous areas is picking up steam. With DTA's Guru projects, the creation of the Tree Hotel, hotel acquisitions by Property Gallery, and the restoration of the Berengaria Hotel in Prodromos, interest has recently begun to be more active....

1740. Online voter registration app for 2023 elections opens today

The online registration process for voters in Cyprus began on Thursday. The application was developed in cooperation with the Deputy Ministry of Research, Innovation and Digital Policy, in view of the February 2023 presidential elections....