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781. NPL's decreased by €32 million to €2.69 billion in October 2022

Non-performing loans (NPLs) at the end of October 2022 amounted to €2.69 billion, showing a decrease of €32 million compared to the previous month....

782. Nikos Christodoulides: Discussing changes to the Guterres framework

"I didn't hear anyone mention Mr. Kasoulides, the foreign minister, after the wreckage in Crans Montana. Nobody could blame him. He was not the most directly involved, nor was he the one who would take the final decisions..." ...

783. Amazon to layoff 18,000 employees

Amazon.com Inc's layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday....

784. New loans up despite interest rate hike

Total new loans in November 2022 increased by €172.8m compared to the previous month, despite an increase in interest rates across all loan categories. ...

785. First LNG tanker from US arrives in Germany

The first regular shipment of liquefied natural gas from the United States arrived in Germany on Tuesday, part of a wide-reaching effort to help the country replace energy supplies it previously received from Russia....

786. The most likely scenario for the drugs found in Protaras

Stelios Sergides, deputy commander of the YKAN, told CNA that 340 kilos of cannabis, 38 kilos of cocaine, 3.5 kilos of ecstasy pills, and 4.5 kilos of methamphetamine were seized in Cyprus in 2022, with the number of drugs increasing over the previous five years....

787. 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....

788. Cyprus braces for credit ratings in 2023

The ratings will take place in a year marked by a projected economic slowdown, amid the continued uncertainty that clouds the economic outlook, due to high inflation and the energy crisis, fueled by the continuing war in Ukraine...

789. Nicosia scrambles to block north recognition

The Republic of Cyprus is scrambling to block the Turkish Cypriot administration from upgrading its status in the northern part of the divided island, with Greek Cypriot officials in the south confirming reports of new counter measures with diplomatic missions to countries including Gambia...

790. Prosecutors say Cidan was tortured to give up password

Cypriot state prosecutors say an inmate who was killed inside Nicosia’s prison had been cruelly tortured for two days by a felon who demanded a password to check if nude photos of his wife were on the victim’s phone...

791. Cash still king as Cypriots take digital leap

The growing preference of Cypriots for digital means of payment, but also the desire to maintain the ability to pay with cash and checks, are the main conclusions of the report of the Central Bank of Cyprus on Retail Payments in Cyprus for the years 2014-2021...

792. 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. ...

793. Calls to protect vulnerable borrowers from interest rate hike

The Association for the Protection of Bank Borrowers (SYPRODAT) has accused the government of "complete apathy" in the development of support measures for vulnerable borrowers in the aftermath of the European Central Bank's (ECB) continuous increase in interest rates and amid conditions of unprecedented accuracy....

794. The fierce battle for second place

795. 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, ...

796. Nikos Christodoulides announces his proposals on the Cyprus issue

Nikos Christodoulides, an independent candidate for the presidency of the Republic, has published his positions on the Cyprus problem under the title "For a United Cyprus" today. ...

797. 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....

798. NHS nurses walk out in first strike in over a century

Nurses across much of the UK launched a historic strike on Thursday, as they walked out of hospitals and onto picket lines after several years of falling pay and declining standards left the country’s nationalized health care system in a state of crisis....

799. 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. ...

800. MEP Eva Kaili fires back from jail cell

An attorney for EU lawmaker Eva Kaili, who is accused of being involved in an alleged bribery scandal involving a Gulf state, says money found in his client’s Brussels home did not belong to her, while a Cypriot MEP says he was troubled by her colleague’s stance towards Turkey’s ally Qatar...

801. €36 million loss so far reported by banks this year

The banking system reported a loss after tax of €36 million on a consolidated basis in the first nine months of 2022, compared to a profit of €22.54 million in the corresponding period of 2021....

802. More EU Parliament offices raided in corruption probe

Belgian police conducted more raids at European Parliament offices Monday as the legislature’s president pledged to launch an internal investigation into corruption allegations and the bloc’s top official called for the creation of an EU-wide independent ethics body...

803. Consulco launches its direct real estate investment services

Consulco, the London investment specialist has launched its direct real estate investment services assisting overseas investors to acquire and manage residential properties in central London. ...

804. Police tightlipped over Oroklini ambush suspect

A man appearing in court in connection with Sunday’s gangland shooting in Oroklini initially denied any knowledge in the case treated by police as attempted murder, but local media later reported that the name of another suspect emerged after he asked to speak with an officer in private...

805. Candidates continue campaigning both inside and outside of Cyprus

Candidates for the Presidency of the Republic continue their activities both inside and outside of Cyprus. The candidates and their teams analyzed their positions and alluded to issues of concern to citizens as well as current events....

806. CBC Governor: 'Any recession is expected to be mild and short-lived'

Constantinos Herodotou, Governor of the Central Bank of Cyprus, talked about the ECB objective and actions to restore and stabilize inflation at 2% in the medium term and maintain financial stability, saying that any recession is expected to be mild and short....

807. Cabinet approves 'vehicle history database'

The Council of Ministers today approved an amendment to the Motor Vehicles and Traffic Movement Regulations that will create a database that will record the history of vehicles involved in accidents....

808. China eases its zero-covid policy amid protests

People in China with mild or asymptomatic coronavirus cases will be allowed to isolate at home, health officials said Wednesday, in a major step away from a strict “zero-Covid” strategy that has constrained daily life for almost three years and recently set off rare nationwide protests....

809. Unaccompanied minors are on the rise

Managing the exponentially increasing number of unaccompanied minors or unaccompanied alien children (UAC) is a problem that must be solved by the government in collaboration with NGOs and other relevant actors....

810. 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. ...