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601. Calculating tax revenue for the passport program is challenging

It is impossible to estimate and link the amount of government revenue from the CIP to the individuals covered by it....

602. Cop screams at Wolt drivers during protest in Cyprus

Wolt drivers in the Republic of Cyprus carried on with demonstrations this week over working conditions and compensation, with one cop known as ‘Black Widow’ getting into a shouting match with food couriers who took to the streets of the capital...

603. Cyprus retail sector continues climb despite inflation

Black Friday, with its high levels of traffic and shopping, appears to have given way to the Christmas holiday season. The market is still moving well, with increased foot traffic in shopping malls and main streets....

604. The Louvre, the British Museum, and now the New Cyprus Museum (photos - video)

Work on the New Cyprus Museum will begin in January 2023, and the project is expected to take 42 months to complete, with completion scheduled for mid-2026. ...

605. More than €1.5 million in cash seized from Kaili - Panzeri

More than €1.5 million in cash was seized from the homes of Eva Kaili and former MEP Pierre Antonio Panzeri in Brussels, according to Belgian police....

606. November's real estate performance

The year is almost over, and we now have a good idea of how the real estate market performed in 2022. As we all know, the difficulties were and continue to be numerous....

607. Turkey threatens Athens with missile attack

Turkey warned Greece that a missile could hit the Greek capital unless “you stay calm,” further escalating its rhetoric against Greece....

608. Tying up loose ends at Hellenic

Hellenic Bank experienced several changes in 2022, as it closed outstanding issues while also opening new chapters. Hellenic Bank made changes to its top management, staff, shareholding composition, and labor issues in the fourth quarter of 2022, ...

609. Migrant makes history by paragliding into the EU (video)

This is the moment a migrant makes history by becoming the first documented person to paraglide across Spain’s southern border with Morocco and make it onto European soil....

610. Popular hotel chains set up shop in Larnaca

The Accor Group, a major French hotel chain, recently made an official announcement about the opening of its first unit in Cyprus. ...

611. Paphos to become a 'smart' city after launch of digital projects

Six smart and digital city projects implemented by the Municipality of Paphos were inaugurated on Thursday by Deputy Minister of Research, Innovation and Digital Policy Kyriakos Kokkinos....

612. Home grown Cypriot company acquired by UK entertainment firm

Born out of their passion for theater, 'Stagedoor' was founded in 2014 by Yiannis Gavrielides (Invelopment Partners, Covve) and Paris Erotokritou (Fresh Target Theatre), along with Michael Hadjijoseph (Stagedoor CEO) and Alex Cican (Stagedoor CPO) who contributed their expertise in technology and product management. ...

613. Over half a billion euro in government surplus so far this year

Preliminary General Government fiscal results indicate a surplus of €556.4 mn for the period of January-October 2022, according to data prepared and published by the Statistical Service of Cyprus on Wednesday....

614. €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, ...

615. Another quake, 5.0-magnitude this time, shakes Athens

A 5.0 magnitude earthquake has hit the island of Evia, Greece’s second largest, shaking the capital Athens, southwest of the tremor’s epicenter...

616. COVID protests spreading across China

From Shanghai to Beijing, protests have erupted across China in a rare show of dissent against the ruling Communist Party sparked by anger over the country’s increasingly costly zero-Covid policy....

617. Small number of banks meeting new loan demand

The net demand for loans from businesses in Cyprus decreased in the third quarter of 2022, and banks anticipate a similar decline in the net demand for loans from businesses and households in all loan categories in the fourth quarter of 2022 compared to the third quarter. ...

618. Homelessness on the streets of the capital (Photos)

Citizens in the heart of the capital are faced with a depressing sight. The image of two homeless people, a father and son, whose story is well known among the locals, sleeping on the streets of Makarios Ave....

619. Immerse yourself in a Christmas wonderland

There is a little over a month left until Christmas, which means that now is the perfect time to book a trip for anyone who is planning to reach another country, especially a European country....

620. Cyprus beats EU average in road deaths

The highest incidence of road fatalities in the European Union in 2020 were recorded in rural regions, while Cyprus was one of the countries where road fatalities per million inhabitants was above the EU average, according to data released by Eurostat, the statistical service of the EU...

621. EY Cyprus presents the Transparency Report 2022

ΕΥ Cyprus has released its Transparency Report 2022, which provides an update on the firm’s efforts to execute high-quality audits, identify and mitigate risks and enhance trust in business and the capital markets, in support of sustainable, long-term value creation. ...

622. '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....

623. Civil protection's role in disaster management at the Nicosia Risk Forum 2022

The role of civil protection and international solidarity in disaster management as a result of climate change is being discussed at the two-day Nicosia Risk Forum 2022 (#NRF2022) on Civil Protection, which began today in Larnaca and is organized by the CERIDES Foundation of the European University Cyprus....

624. High speed chase in Nicosia sparks debate

A motorcyclist was hospitalized on Tuesday after he was injured in an accident during a high-speed police chase, which caught onlookers by surprise as the suspect took cops on a dangerous ride through the capital...

625. Averof proposes a tax-free family income of 39,500 euros

626. Spike in illegal migrant entries, says EU border agency

The European Union’s border agency said Monday that the number of illegal entries by migrants spiked to more than 275,000 in the January through October period this year....

627. Cyprus regulator to suspend FTX's license

FTX's European Union license in Cyprus could be suspended in yet another blow to Sam Bankman-Fried's crypto exchange, according to Bloomberg....

628. Paphos and Seville named European Capitals for Smart Tourism 2023

The city of Paphos was officially named the European Capital of Smart Tourism for 2023, according to its Mayor Phedon Phedonos....

629. Sean Penn loans his Oscar to Zelenskiy in a symbolic gesture

Hollywood actor and director Sean Penn, sanctioned by Russia for criticizing its war in Ukraine, loaned his Oscar statuette to Ukrainian President Volodymyr Zelenskiy during a visit to Kyiv on Tuesday....

630. More people are working from home thanks to the pandemic

The proportion of those employed that work from home in the European Union has increased after the COVID-19 pandemic, according to data released by Eurostat, the statistical service of the EU....