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1051. Slight increase in fuel prices

A slight increase in fuel prices was recorded in the last three weeks in Cyprus, according to the Consumer Protection Service (CPS) of the Ministry of Energy, Commerce and Industry. ...

1052. Protests continue as Macron stands firm on pension reform

French workers angry with President Emmanuel Macron and his plan to raise the pension age blocked access to a terminal at Paris' main airport on Thursday as part of a nationwide day of protests, forcing some travelers to get there on foot....

1053. Banks and artificial intelligence

Artificial intelligence is a technology that is based on a machine's ability to perform procedures and make decisions based on data analysis and learning....

1054. High prices continue to plague the market

1055. EU states need foreign workers and are changing their requirements

Working in EU: Recent Changes You Must Be Aware of If You Are Planning to Get a Job in Any of the Member States...

1056. Michael Kyprianou Advocates – Legal Consultants announces opening of office in Tel Aviv

Cyprus’ leading law firm Michael Kyprianou & Co LLC announces the opening of a new international branch in Tel Aviv, Israel, further expanding the firm’s global reach....

1057. 42,000 euros for every victim who died in the Tempe rail tragedy

Hellenic Train, whose train crashed in a head-on collision with a freighter on Feb. 28, killing 57 people on board, announced on Wednesday it will make advance payments to the families of the victims and to the passengers injured in the crash in Tempe, to cover their immediate financial needs....

1058. Four Cypriot companies exposed to SVB and Signature Bank fallout

Four companies licensed by the Cyprus Securities and Exchange Commission (CySEC) had deposited at Silicon Valley Bank and Signature Bank, the two US banks that failed, causing turmoil in the global economy....

1059. Petrol stations open their doors to electric mobility

Petrolina Holdings Public announced last month the installation of the first state-of-the-art electric vehicle rapid charging charger at its petrol station in Larnaca's GSZ district....

1060. EAC maintains dominant position in Cyprus' energy production market

The highest electricity market share in the EU was recorded in Cyprus (88%), reflecting the dominance of the Electricity Authority of Cyprus in the country’s energy market, Eurostat data published on Tuesday show....

1061. TechIsland Association Launches the 1st Annual TechIsland Awards to recognize outstanding contributions to the tech industry in Cyprus

The TechIsland Association is excited to announce the launch of the TechIsland Awards, a new annual award program designed to recognize and celebrate the outstanding contributions of individuals, companies, and projects that are making a significant impact on the development and growth of the tech and innovation industry in Cyprus....

1062. HSBC buys failed Silicon Valley Bank in bid to stem fallout

Governments in the UK and the U.S. took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down....

1063. Finance minister calls on banks to delay foreclosures

The Finance Ministry is considering possible actions to tackle non-performing loans and is examining a set of measures aiming to address the issue, ...

1064. Digital app to compare product prices in the works

Following the withdrawal of the Household Basket proposal in Cyprus, the Consumer Protection Service is now promoting the preparation of a bill for the implementation of a digital tool that will enable the daily comparison of retail prices of products....

1065. Foreclosure sales to restart after Parliamentary vote

The House of Representatives voted 22 to 18 against a proposal for a new three-month suspension of foreclosure sales, which had been tabled in the form of an emergency bill....

1066. International university students visit Eurogate’s facilities at Limassol Port

Students from various US academic institutions received a tour of the facilities of Eurogate Container Terminal Limassol Ltd. ...

1067. Investigation into understaffing in the tourism industry is imminent

The start of the summer travel season is anticipated to occur around the end of March or the beginning of April, along with the reopening of hotel facilities that were closed during the winter....

1068. Consumers cutting back on non-essential items as cost of living rises

As the cost of living crisis continues to rise globally, consumers have drastically adjusted their spending behaviors, with the majority (53%) of global consumers “holding back” on non-essential spending. ...

1069. TechIsland equipped a new computer class in the Arakapas school after the wildfire

Non-profit organization TechIsland rebuilt the Regional Primary School in Arakapas, which suffered from a terrible wildfire. The organization has invested more than 200 000 euros in renovating the school. TechIsland also contributed to the opening of a computer class with the help of Asbis, one of the board members of the company. ...

1070. The who's who of the Christodoulides government

On Monday afternoon (27/02), Nikos Christodoulides, the country's new leader, unveiled his new administration. Read the detailed biographies of the individuals who make up the new government....

1071. China proposes ceasefire in bid to save credibility

The West reacted with skepticism to China's proposal on Friday - the first anniversary of Russia's invasion of Ukraine - for a ceasefire, with NATO saying Beijing did not have much credibility as a mediator....

1072. Meet the woman behind the widely successful AI ChatGPT

ChatGPT appears to have entered our lives permanently, as it is now well-known and widely used around the world....

1073. February Newsletter of K. Treppides & Co Ltd: Direct Taxation

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....

1074. EIB financed €250 million worth of green projects in Cyprus

The European Investment Bank (EIB) reported on Wednesday on its strong engagement in Cyprus for 2022, with new financing signed reaching a total of €250 million, all of which was invested in green projects....

1075. Companies to be allowed up to 50% of third-country workers

The Council of Ministers adopted on Wednesday an updated policy that allows businesses to employ more staff from third countries....

1076. Is Europe ready to accommodate older travelers?

As the world’s population is growing older, the tourism industry will have to adjust, meaning that tourism should be more accessible and inclusive for this category of travelers....

1077. PwC: 5.2 billion in real estate transactions in 2022

Transaction volumes in the real estate and land development sector have surpassed those of 2019. According to the most recent PwC Cyprus publication, the total value of transactions in 2022 will reach €5.2 billion,...

1078. Companies laying off employees to hire new ones at lower salaries

Keri and other recruiters say that candidate offers are now much lower and look more like those from 2019 — before the pandemic kicked off the Great Resignation, before Big Tech went on a hiring spree, and before anyone had heard of "quiet quitting."...

1079. Australian government removes Chinese-made surveillance cameras

Australia's defense department will strip its buildings of Chinese-made security cameras to ensure they are "completely secure", the government said on Thursday....

1080. Lidl Cyprus is constantly reducing its energy footprint and contributes to the protection of the environment on a daily basis

This year, the company was also certified with the ISO 50001 for its energy management system and for the first time it attained green certificates for 100% of the energy supplied by EAC....