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541. Non-performing loans take a €95M dive

As of the end of September 2023, the total Non-Performing Loans (NPLs) in the banking system of Cyprus further decreased to €2.02 billion compared to €2.08 billion at the end of August. ...

542. BOC to revitalize former Orphanides building by 2026

Thoughts from the past year and a half are taking concrete form for the Bank of Cyprus, particularly concerning its plans for the creation of a new central headquarters (BOC Headquarters - Q H)....

543. Cypriots pack bags for record-breaking 2023 getaways

Cypriots are preparing suitcases for abroad, taking advantage of the short holidays offered by the Christmas and New Year celebrations....

544. ''Shine your light''

Several European cities share similarities in building architecture, with central squares capturing visitors' attention. However, each city, including capital cities, boasts a unique history reflected in its grand structures, cathedrals, and fortifications erected primarily for population protection....

545. Deloitte Cyprus CEO on 65 years, challenges, and future strategies

Deloitte Cyprus celebrates 65 years of presence on the island, playing a major role in the financial affairs of the state....

546. Berlin to Paris: First sleeper train in 20 years hits tracks

In a collaborative effort, SNCF and Deutsche Bahn, the French and German national train operators, join forces with Austrian company ÖBB to resurrect the night train experience across Europe....

547. Doughnut diplomacy as Krispy Kreme invades Paris sparking croissant crisis

France, renowned for its culinary artistry, especially in the realm of patisserie, has recently found itself caught in the irresistible allure of the American doughnut, courtesy of Krispy Kreme....

548. Is the digital Euro the ECB's game-changer or a banks' ally?

The digital euro would not be a threat to the role of banks as financial intermediaries, Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) and ECB Governing Council member, has said, stressing that the digital euro will be issued and guaranteed by the ECB and not at the level of the member state....

549. Minors still held in adult prisons, urgent action needed

In a concerning development, legislation addressing the detention of minors in adult prisons remains stalled since 2021....

550. Surge in bounced checks worth €1.6 million in 2023

551. Cypriot bonds hold firm at €6.75 billion amid ECB moves

As of the end of November, data from the Cypriot Central Bank reveals that the Eurosystem maintained its holdings of Cypriot bonds valued at €6.75 billion...

552. Porsche: Driving the dream

How did it all begin? With a phone call. Because when Porsche invites you to live the dream, you can only say yes. And becoming a member of a team with creative individuals from different European countries to experience an unforgettable two-day Porsche adventure, full of adrenaline and unique moments, is a life experience you will have to tell forever......

553. EU unveils sweeping reforms to enhance animal welfare standards

In a groundbreaking move, the European Commission has proposed extensive reforms to EU rules on animal welfare during transport, marking the most significant overhaul in recent years....

554. Alleged patient mistreatment sparks investigation by OKYPY

The Health Services Organization (OKYPY) has filed a complaint with the police regarding the mistreatment of a patient by hospital staff....

555. ''The path to fighting inflation is difficult''

In an insightful dialogue about the economic landscape, Joachim Nagel, a prominent figure in the financial realm and a member of the ECB Governing Council, shares his perspectives on inflation, interest rates, and the challenges facing the European economy....

556. Mortgage rates soar to 4.91%, deposits decline in October 2023

Mortgage interest rates in Cyprus climbed to 4.91% in October 2023, according to data released by the Central Bank of Cyprus in its November 2023 edition of Monetary and Financial Statistics....

557. Digital, more luxurious, more efficient: the new Panamera

Porsche revamps the Panamera: the third generation of the sporting luxury sedan is characterised by a wider range of digital features, a fresh and expressive design and a broader spectrum between dynamic performance and driving comfort. ...

558. Heavy snow triggers major incident and icy chaos in the UK

In a wintry turn of events, the UK experiences an Alpine transformation as heavy snow blankets Cumbria, leading to abandoned cars and a declared major incident by local police....

559. Israel's 'Gospel' AI raises alarms in Gaza strikes

In the ongoing conflict with Hamas, Israel's military has taken a tech-forward approach, deploying an AI-based target-creation platform known as ''the Gospel.''...

560. Government to appeal Limassol court granting compensation for Laiki Bank depositors

In a significant legal development, the Attorney General of the Republic of Cyprus is set to file an appeal against the recent decision of the Limassol District Court....

561. Developer's double plea amidst partially frozen road project in Akamas

None of those who attended the meeting of the Environment Committee left any wiser about what is happening in the projects that have been carried out in recent months for the first phase of improvement of part of the road network of the Akamas National Forest Park....

562. France's controversial anti-smoking campaign sparks debate

France is set to intensify its battle against smoking, with Health Minister Aurelien Rousseau announcing a comprehensive anti-smoking program....

563. Cyprus allocates 65M euros for diverse tourism initiatives in 2024

The National Tourism Strategy's update has recently concluded, announced by Deputy Minister Kostas Koumis, known as "K." This undertaking commenced shortly after his assumption of office in March 2023, with an initial target to finalize it by the year's end. ...

564. Nigerian gang exploits Facebook connections in elaborate scam

Greek authorities have dismantled a criminal organization consisting of Nigerian and Sierra Leonean nationals accused of duping women out of substantial sums of money through an elaborate online scam....

565. No plans to cut interest rates amid inflation worries

The perspective advocated by many young individuals, endorsing a declaration of victory over inflation, is articulated by Dr. Jensen, the president of the German Bundesbank....

566. EY Cyprus redefines corporate reporting landscape at 3rd annual insights event

EY Cyprus organised its 3rd Annual Corporate Reporting Insights event titled ‘Connectivity: Reforming Corporate Reporting.’ ...

567. Lagarde's stance on cryptos revealed amidst family investment fallout

European Central Bank President Christine Lagarde disclosed that her son experienced significant losses while investing in cryptocurrency, as reported by Reuters on November 24. ...

568. DAC6 revisited through the prism of DAC8

The Directive on Administration Cooperation (''DAC'') has been amended multiple times since 2011 to allow for the automatic exchange of information across multiple fields of taxation....

569. Israel releases 17 hostages, including Russian and Thai nationals

In the latest chapter of the ongoing conflict, the third exchange of hostages and prisoners between Hamas and Israel unfolded amidst a fragile four-day truce in Gaza....

570. The complex effects of screens on kids' brain functions

In a comprehensive study spanning 23 years and involving over 30,000 children under 12, researchers discovered that prolonged screen exposure induces significant changes in various brain regions....