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781. Funds are investing in Cypriot banks

Investing in Cypriot banks is becoming more common. The progress they have made in terms of the non-performing loan burden they have shed, their capital adequacy, which is characterized as good,...

782. Portugal's golden visa program netted €654.2 million in 2022

Investment in Portugal through golden visas in 2022 reached €654.2 million, representing a 41.9 per cent increase compared to the previous year....

783. Cypriot fund keeps Lukoil’s sanctioned plant in the game

A Lukoil refinery in Italy might survive sanctions against Russia if it falls in the hands of a Cypriot private equity fund, with the company saying the sale could take place by March of this year after turning down a US offer two months ago...

784. Looking ahead to 2023: House prices in Cyprus

The end of 2021 saw Europe’s and Cyprus’ economies gradually recovering from the two-year rollercoaster ride of lockdowns, the stock market at record highs, and inflation increasing....

785. Hollywood executives brace for ‘year of turmoil’ in 2023

Hollywood executives are bracing for a brutal “year of turmoil” as the entertainment business faces the combined threat of an economic recession, slower streaming growth, a cinema industry on life support and a potential writers’ strike....

786. No travel restrictions for Chinese arrivals in Greece and Switzerland

Greece and Switzerland will not impose travel restrictions for arrivals from China despite the current COVID-19 situation on the latter....

787. The landscape of bank equity is changing in Cyprus

A day before 2022 came to an end, Eurobank made the announcement that it had added 3.2% more shares of Hellenic Bank, bringing its total to 29.2% (pending regulatory approval), and altering the bank's balance "for good"....

788. The 2023 investment chessboard

Today's data is completely different from what it was a year ago in terms of investment....

789. Cyprus undecided as divided EU debates Chinese travel

Nicosia failed on Tuesday to reach a decision on whether COVID measures should be imposed on travelers from China, with officials this week pointing to a new effort by the European Union to coordinate a response to Beijing’ move to ease restrictions...

790. Dubai abolishes alcohol tax

According to the BBC, Dubai is eliminating the 30% alcohol tax and will no longer require personal alcohol licences, which are required for anyone wishing to consume alcohol....

791. Where you can't go in 2023 and why

Travelers from all over the world are expected to take their vengeance for two years in prison in 2023, as they can now take their dream vacation to any part of the world they want, with no restrictions....

792. Economic events that will be remembered in 2022

The energy crisis, which intensified after Russia's invasion of Ukraine and resulted in skyrocketing gas prices, took the lead throughout the year....

793. Cypriot transport minister vows to fix traffic

Transport Minister Yiannis Karousos says the traffic congestion problem in Cyprus can be significantly addressed or even resolved with the implementation of a plan involving various measures and initiatives...

794. China opens first consulate general in Iran

China's Consulate General in Bandar Abbas was officially opened on Wednesday in the capital of Hormuzgan Province on the southern coast of Iran, marking the establishment of China's first consulate general in Iran....

795. EY Cyprus organised the 2nd Annual Corporate Reporting Insights event

EY Cyprus organised the 2nd Annual Corporate Reporting Insights event held on 16 December 2022, at Lemon Park Nicosia, with the participation of senior executives from Cypriot and multinational corporations. The event focused on the major shift underway in recent years, as emphasis moves from financial to corporate reporting. ...

796. Zelensky heads to Washington

Ukraine's President Volodymyr Zelensky says he is on his way to Washington, where he will meet US President Joe Biden on Wednesday....

797. €651.4 million of government surplus recorded until September 2022

Cyprus' general government surplus rose to 651.4 million for the period of July-September 2022 compared with a surplus of €319.5 mn recorded in the respective period of last year, according to preliminary general government fiscal results....

798. December Newsletter of K. Treppides & Co Ltd

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

799. Eva Kaili: From city council to city prison

800. Amsterdam launches 'Stay Away' campaign to discourage types of tourism

Authorities in the Netherlands have decided to introduce in Amsterdam a new campaign called “Stay Away”, in order to discourage specific kinds of tourism....

801. Finance Ministry: 'Cyprus economy will not enter a recession'

There will be a significant slowdown in economic activity next year, we will be affected by increased energy prices and borrowing costs, but "inflation in Cyprus is being reined in at lower levels" compared to other European member states, ...

802. EU Parliament halts work on Qatar-related cases

The European Union’s parliament voted Thursday to suspend work on all files involving Qatar, and called for security passes for representatives of the Gulf country’s interests to be withdrawn until light can be shed on a corruption scandal rocking the assembly....

803. 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....

804. 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...

805. 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....

806. 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. ...

807. 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....

808. 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....

809. 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....

810. 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, ...