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541. Credit Suisse borrows more than $50 billion from Swiss National Bank

Credit Suisse’s shares soared 30% on Thursday after it announced it would move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank, bolstering confidence as fears about the banking system moved from the U.S. to Europe....

542. 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, ...

543. 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....

544. President cancels order for state vehicles

The government has withdrawn the request pending before the parliamentary finance committee for the purchase of vehicles for state officials, the parliamentary finance committee said....

545. It's dangerous around here

There has been a lot of discussion about the new President's selection of Michalis Hatzigiannis to fill the role of Deputy Minister of Culture, and it can be challenging to separate reasonable criticism from elitism. ...

546. Cyprus GDP up by 5.6%, higher than EU or Eurozone estimates

Cyprus’ gross domestic product (GDP) grew by 5.6% in real terms in 2022, according to a provisional estimate published by the country’s statistical service CyStat on Wednesday....

547. Government's fuel tax reduction scheme extended to May 4th

The President of the Republic Nikos Christodoulides has already signed the law extending the reduction of fuel taxes until May 4, 2023, following the approval of the relevant bill today, by the House Plenary....

548. G20 talks end with no consensus on Ukraine war

Top diplomats from the Group of 20 industrialized and developing nations ended their contentious meeting in New Delhi on Thursday with no consensus on the Ukraine war, India’s foreign minister said, as discussions of the war and China’s widening global influence dominated much of the talks...

549. February Newsletter of K. Treppides & Co Ltd:EBA

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....

550. 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....

551. Akamas compensation guidelines poses risks, says Finance Minister

"The guidelines for compensating landowners in Akamas for the loss of land value they have incurred and providing assistance to the neighborhood are speculative and ill-defined....

552. The protocol for Wednesday's 'changing of the guard'

The 'changing of the guard' or in plain terms, the new President's term is scheduled to begin on March 1st when the confirmation ceremony of Nikos Christodoulides' hand-picked ministers will occur at the event hall of the presidential palace at 10 am, after which, the first cabinet meeting will take place....

553. 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....

554. Akamas Plan: What goes to the Cabinet tomorrow

Minister of Agriculture, Rural Development and Environment Costas Kadis met with the Ministers of Interior and Finance, against the backdrop of the Akamas Local Plan, which will be brought before the Council of Ministers on Wednesday (22/02)....

555. Thinking of investing in real estate? Don’t do it.

A lack of financial literacy can lead people to consider investing in direct real estate. This a provocative statement to say the least, so let me explain....

556. Casino dash before new Cabinet raises eyebrows

A House committee in the Republic of Cyprus is blocking three appointments on a casino commission until after the new Cabinet takes shape on March 1, with members raising conflict of interest concerns and the outgoing government insisting it should be allowed to fill the vacant positions now...

557. Cyprus Land Development received 11.1 million from the passport program

The Cyprus Investment Program, also known as the passport program, brought in €11.17 million for the Cyprus Land Development Corporation between 2019 and 2022....

558. Government strengthens its stance against gender based violence

Cyprus is taking another step towards strengthening the framework for effective prevention and battling of violence against women, with the approval by the Cabinet of two important proposals....

559. Nicola Sturgeon resigns as Scotland's first minister

Nicola Sturgeon will stand down as first minister of Scotland, she has announced at a press conference....

560. 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....

561. Cabinet approves subsidies to fund digital business upgrades

At today's Cabinet meeting, the Grant Scheme for "Digital Upgrading of Enterprises" was approved. This project is part of Cyprus's Recovery and Resilience Plan (RSP) for the years 2021-2026, and it will be funded by the European Union's (EU) Recovery and Resilience Mechanism (RRM)....

562. Which names are being floated for the position of Finance Minister?

The new ministerial team will be assembled beginning Monday, February 13. Nicos Christodoulides and Andreas Mavroyiannis, the two candidates for the Presidency of the Republic of Cyprus, will bring in new faces to staff their Ministries....

563. DISY to vote conscience in runoff election

The Political Office of the Democratic Rally is calling on party supporters to vote their conscience in the runoff election on Sunday, after their candidate’s third place drew mixed reactions that signaled a rift among some conservatives...

564. DISY will now face difficult decisions

The embarrassed expressions on the faces of government and DISY executives who had rallied around Averof Neophytou after his defeat were indicative of the difficult dilemmas DISY will face in the coming day. ...

565. Cyprus' conservatives in tight spot after first round

The conservative ruling party in the Republic of Cyprus is facing a “serious dilemma” this week ahead of a runoff presidential election on Sunday, with statements by DISY members already signaling a tight spot for the Right...

566. MEP's propose solutions to the growing migration problem in Europe

In a plenary discussion with the Swedish Presidency and President von der Leyen, MEPs presented their views on how to deal with the migratory challenges facing Europe....

567. Nearly 60 million euros in electricity subsidies doled out since September 2022

568. The new president and finance minister will face new challenges

We are only a few days away from voting for the new President of the Republic. ...

569. Nouris: 'The cause of Cyprus' immigration problem is Turkey'

Interior Minister Nicos Nouris said on Monday that Turkey is the eliciting factor of the migration issue in Cyprus, speaking at a press conference where he presented the work of his Ministry during his term....

570. Kremlin brands Johnson a 'liar' after claim Putin wanted to kill him with missile

The Kremlin has called Boris Johnson a liar and denied claims made by the ex-PM that Vladimir Putin threatened to kill him with a missile in a call ahead of Russia's invasion of Ukraine....