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241. 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....

242. 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....

243. Netflix cuts prices in 30 countries

Streaming giant Netflix has cut prices in more than 30 countries as it attempts to attract more subscribers....

244. EY presents report on the Future of Banking in Cyprus

The report showcases the importance and contribution of Cypriot banks to the wider economy and society, and identifies current and upcoming challenges and opportunities...

245. Cyprus first in 2023 trap and skeet international Grand Prix

Seven medals in shooting and 7 in trap were secured by Cypriot athletes in the Cyprus Grand Prix 2023 Trap and Skeet international competition, earning them first place in the relevant scoreboard....

246. 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."...

247. The 8,000 euro electric car is coming to Europe

BYD is preparing to launch the new Seagull electric city car, which will offer a range of 300 km and a plethora of features in addition to an affordable price of around 8,000 euros, depending on the exchange rate....

248. EU Health Commissioner to visit vaccine production plant in South Africa

EU Commissioner for Health Stella Kyriakides will visit a vaccine production plant and an mRNA technology hub whilst in South Africa. She will be in the country from Thursday to Saturday,...

249. Riyadh wants to acquire Formula 1

Whereas we used to say that the Chinese were buying everything, it appears that the Saudis are now following suit. According to well-informed sources cited by the news agency Bloomberg, ...

250. Supermarkets bet on their own private labeled products

Consumers are turning to private label and exclusive import products to combat inflationary pressures on consumer goods in supermarkets....

251. The 2023 investment chessboard

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

252. 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....

253. 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....

254. EC: 12 million euros for access to high-speed internet in Cypriot homes

European Commission approves 12 million euro Cypriot scheme to support household access to high-speed broadband services...

255. Lack of 'discounts' for the holiday table

This year's Christmas table is expected to be laden with delectable fare. This is a tool that supermarkets have enlisted in order to retain customers and possibly increase sales, even in times of inflation....

256. Cyprus gets taste of EU’s €85 million with a caveat

Cyprus will get Friday the first tranche of €85 million from the EU's Recovery and Resilience Mechanism, with European Commission technocrats also pointing to repeated suspensions of foreclosures in Cyprus that create problems in terms of achieving the goal of further reduction of NPLs...

257. When the ink dries, this will be the new archaeological museum

258. EC approves 7.75m aid for Cyprus agricultural sector

The European Commission has approved a 7.75 million euro Cypriot scheme to help some agricultural producers through direct grants, in order to deal with the side effects of Russia's invasion of Ukraine....

259. '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....

260. 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....

261. Zuckerberg says 'sorry' as Meta lays off 1,000 employees

Facebook parent company Meta on Wednesday said it is laying off 11,000 employees, marking the most significant job cuts in the tech giant’s history....

262. Qatar: Beer banned at stadiums just 2 days before World Cup

The sale of alcohol is strictly controlled in Qatar, and it had to relax its restrictions to allow FIFA sponsor Budweiser to sell its products outside World Cup match venues and fan zones. Now, fans have been told they cannot buy beer at any games during the tournament....

263. 13 billion bcm of natural gas discovered off Israel's shore

Energean PLC has announced a new commercial natural gas discovery of 13 billion cubic meters off the shore of Israel as a result of its exploratory drilling of the well dubbed Zeus-1. It has also confirmed the presence of an additional 3.75 bcm at its Athena site....

264. Passengers angry as turbulence shakes Cypriot airports

The Cypriot government is scrambling to put out fires in the aviation industry, with union ground handlers at Paphos airport forming a picket line to protest a merger downsize and leaving passengers stranded for hours in the terminal and on the tarmac...

265. €20,000 up for grabs at the first HackAdTech Hackathon in Cyprus

AdTech Holding, the Cyprus-based international lab, focused on creating startup ecosystems and innovations for AdTech and MarTech projects, informs that it’s hosting the first Open HackAdTech Hackathon, in Limassol....

266. Cyprus sits out as UN50 seek to condemn China

Fifty member states of the United Nations are calling on China to “uphold its international human rights obligations” in a joint statement on Xinjiang, with Cyprus being absent from that list...

267. Cyprus has come a long way in restoring reputation over anti-money laundering issues

The Republic of Cyprus has come a long way in dealing with anti-corruption and Anti-money laundering (AML) issues, making important strides in restoring the Republic of Cyprus’ reputation, said US Ambassador to Cyprus, Judith Garber speaking on Tuesday at EY’s Cyprus Attractiveness Forum....

268. EU leaders burn midnight oil on gas prices

European Union leaders ended another debate on the bloc's response to the energy crunch without agreement on whether to cap gas prices, deciding in the early hours of Friday morning to keep examining options to put a ceiling on costs...

269. Embracing the digital age through the 'smart school' program

Our educational system, the Ministry of Education, and the State are making an important and historic transition to the digital era with the signing of the €20 million Contract for the "Support Services System" Project on September 6, 2022. ...

270. China finds friendly ear in Cyprus as EU cranks it up

Cypriot House Speaker Annita Demetriou reaffirmed Nicosia’s One China position this week during a meeting with the Chinese ambassador, who responded with a similar One Cyprus principle as the two countries sought to strengthen ties while Brussels warned EU should steer clear...