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1351. 14 billion euros of loans on ice due to the suspension of foreclosure sales

In Cyprus, credit purchasing companies manage over 80,000 loans totaling €20 billion....

1352. European Institute of Management and Finance establishes the Centre of Good Governance

Considering the need to tackle weak and precarious governance structures evident in both private and public entities, the European Institute of Management and Finance (EIMF) has established the Centre for Good Governance (CGG) in an effort to enhance governance at all levels and in all fields. ...

1353. The consequences of continuing foreclosure suspensions

Lambros Papadopoulos, President of the state-owned asset management company, KEDIPES, warned on Tuesday that the continued suspension of foreclosures will negatively affect the company’s revenue from non-performing loans (NPLs) management resulting in a reduced repayment of state aid....

1354. Russian officials denied visas for OSCE meeting in Poland

The government of Poland will not issue Schengen visas to officials from the Russian Federation for attending a meeting of the Organisation for Security and Co-operation in Europe (OSCE) set to be held in the city of Łódź in Poland on December 1 and 2....

1355. Russian-born lawyer in Cyprus throws hat in ring

Local media this week got wind of a possible presidential run by a Limassol-based corporate lawyer, who was born in Russia before the dissolution of the Soviet Union and believes Cyprus should be a neutral state...

1356. Supreme Court in Cyprus overturns rape convictions

Two young males who were convicted on rape charges after having sex with a drunk high school student in a hotel room were acquitted last week when the Supreme Court found the girl’s testimony was weak and the defendants did not receive a fair trial...

1357. Raising the Black Friday bar

This year's Black Friday is expected to be much stronger and more appealing to consumers than last year's Black Friday. Following the tepid and disappointing performance of 2021, market participants believe this is the case. ...

1358. Nord Stream leaks: Sabotage confirmed, traces of explosives found

Investigators have found traces of explosives at the site of the damaged Nord Stream gas pipelines, confirming sabotage had taken place, a Swedish prosecutor said on Friday....

1359. '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....

1360. Who benefits from the proposed rent-to-mortgage scheme?

The "Rent vs Instalment Scheme", now known as the "mortgage to rent" scheme, is nearing completion, with implementation set to begin in January 2023. ...

1361. EY Cyprus awarded project of Holistic Management of Cyta’s Sustainable development

EY Cyprus has been awarded by Cyta the project of the Holistic Management of the company’s Sustainable Development. ...

1362. NATO response convoluted in missile aftermath

Puzzled world leaders breathed a sigh of relief on Wednesday after it was revealed that Ukrainian forces, not Russian, had fired missiles into Poland, but the incident had already disrupted G20 diplomacy meetings in Bali and further revealed hidden divisions within NATO...

1363. The pay gap between men and women in Cyprus is at 9%.

Gender Equality Commissioner Josephine Antoniou said in a message on the European Union's Equal Pay Day that the pay gap between men and women in Cyprus is 9%, which means that women earn 91 cents for every euro earned by men....

1364. The first 'Mountain Agriculture of Troodos' products have hit the market

Another innovative project led by the Cyprus Institute is taking shape, with the introduction of the first fruits and vegetables bearing the quality label "Mountain Agriculture Troodos" to the market....

1365. 'Cancer-related inequalities among member states must be eradicated'

The European Commissioner for Health and Food Safety, Stella Kyriakidou, on Monday, referred to the importance of cooperation between all partners for the success of Europe's Beating Cancer Plan, stressing the need to eliminate "unacceptable" inequalities in prevention, treatment and care for cancer among EU member states....

1366. Immigration as a matter of national survival

The migration issue, along with Turkey's ongoing threats and galloping inflation due to the explosion in energy prices, undoubtedly ranks first in the hierarchy of Cypriot citizens' concerns....

1367. Spyware and political games

The European Parliament's Committee of Inquiry's draft report on the use of spyware in the EU was lengthy and comprehensive, but in the case of Cyprus, a sizable portion of the information was a repetition of already well-known facts and concerns about the absence of the required institutional framework. ...

1368. Man wanted for 760m euros worth of fraud arrested at Larnaca airport

On Sunday night, a 49-year-old man who is wanted by Chinese authorities on an international warrant in connection with a fraud case was apprehended at Larnaca airport....

1369. Finance Minister calls for the repeal of foreclosure suspension

The Ministry of Finance proposes delaying the law on divestiture suspension. ...

1370. How Turkey's 'Blue Homeland' doctrine came to be

Fresh fuel was thrown onto the already volatile Greek-Turkish relationship in 2019 in the form of a map that was made public in a photograph that had Turkish President Recep Tayyip Erdogan standing in front of it....

1371. The Commission is pushing for regulation of Airbnb-style lodgings

As part of its efforts to promote transparency in the short-term rental sector, the Commission adopted on Monday a proposal for the regulation to improve transparency and assist public authorities in ensuring the sector's balanced development in the context of sustainable tourism....

1372. EY: Modernization of the Government's web presence – The redesign of the Government websites

EY Cyprus has signed the contract for the modernization of the web presence of the Republic of Cyprus, through the redesign of the Government’s websites, which will now be accessible through a new digital portal, the gov.cy. ...

1373. Anastasiades 'an ally and true friend' of Israel

At a special ceremony held today at the Presidential Residence in Jerusalem, the President of the Republic Mr. Nicos Anastasiades was awarded the Presidential Medal of Honor by the President of Israel Mr. Herzog....

1374. 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....

1375. CMP: More human remains discovered in Troulli excavation site

Two members of the Committee on Missing Persons in Cyprus (CMP), Leonidas Pantelides, from the Greek Cypriot office and Hakkı Müftüzade from the Turkish Cypriot office visited the excavation site in Troulloi/Trulli on the 7th of November, where human remains had been discovered....

1376. A Memorandum of Understanding was signed between UCLan Cyprus and Wargaming

A Memorandum of Understanding was signed between UCLan Cyprus and Wargaming at the premises of UCLan Cyprus on the 31st of October. ...

1377. Anastasiades urges world leaders to go climate neutral

President of Cyprus Nicos Anastasiades asked world leaders to walk the road towards climate neutrality and a future of green, sustainable, resilient economies and societies, during his intervention at the COP27, in Sharm el Sheikh on Tuesday....

1378. Initial PEGA report - Cyprus is an appealing destination for spy goods

1379. Deep political divide in the US as midterm elections loom

In a stark closing argument ahead of the U.S. midterm elections, President Joe Biden on Monday warned that a Republican victory could weaken the country's democratic institutions, while former President Donald Trump hinted he could announce another White House bid as soon as next week....

1380. Archbishop Chrysostomos II leaves a historical legacy

Archbishop Chrysostomos II left legacies that will be honored and remembered for their foresight and temerity....