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1111. Trickier travel looms as Eurostar ends direct trains from London to Disneyland Paris

Families that plan to go to Disneyland Paris from the United Kingdom this summer will have to rethink their plan of how to get there as Eurostar is set to end its direct trains from London to this destination....

1112. Deadline looms for hackers' threat to release Open University data

The clock is ticking for the Open University as the deadline looms for a group of hackers called 'Medusa' to release personal data that they intercepted. ...

1113. Finance Minister requests containment of lending rates for housing loans

The Finance Minister of Cyprus, Makis Keravnos, has written letters to the Director General of the Cyprus Banks Association and the Director General of the Association of Credit Acquisition Companies and Credit Facility Managers, requesting measures to control rising lending rates for serviceable loans up to €350,000....

1114. Numerous foreclosure sales expected in 2023 and 2024

The COVID-19 pandemic and the subsequent suspension of divestments since 2020 have led to the creation of a considerable volume of properties for disposal that banks and credit purchase companies have on their balance sheets....

1115. Cypriot banks dump Russian client accounts

Russian nationals in the Republic of Cyprus are facing bank account closures as the island’s financial institutions are choosing to axe client accounts to avoid sanction violation risks, but some fear an indiscriminate sweep may affect innocent customers...

1116. Assets of US and UK sanctioned entities in Cyprus will be frozen

Cypriot individuals and entities included in UK and US sanctions list will see their assets in the Cypriot banking system frozen and will not be able to carry out any banking transaction in Cyprus, Marios Skandalis, Chief Compliance Officer of Bank of Cyprus, the island’s largest lender has said....

1117. Nicosia scrambles to protect brand after sanctions incident

President of Cyprus Nikos Christodoulides convened an extraordinary meeting on Thursday following the inclusion of Cypriot natural and legal persons in the lists of the latest sanctions published on Wednesday by the United States of America and the United Kingdom...

1118. Bill for 'e-Kalathi' product price comparison app submitted for Cabinet approval

The bill for the implementation of a digital tool that enables daily information on retail prices and product comparisons is ready for submission to the Cabinet....

1119. Christodoulos Vassiliadis denies offering services to sanctioned Russian oligarch

"We did not provide services to a person subject to sanctions," says Christodoulos Vassiliadis....

1120. Washington targets Russian enablers in Cyprus

A US list further curbing Russia’s access to the international financial system through facilitators and their businesses includes Cypriot nationals and Cypriot businesses...

1121. Cyber gang badgers Cypriot university to cough up $100K

The notorious Medusa ransomware gang is asking for $100,000 from Open University of Cyprus following a cyberattack on the institution’s digital platforms, with data samples already leaked online to prove they are not kidding...

1122. CySEC fines CIF one million euros for regulatory violations

The Cyprus Securities and Exchange Commission (CySEC) announced its decision to impose a fine of one million euros on the Cyprus Investment Firm (CIF) Itrade Global Ltd....

1123. Two Cypriots sanctioned by UK over links to Russian oligarchs

The British government has added two Cypriots to its sanctions list due to their professional connections with Russian oligarchs Roman Abramovich and Aliyev Ushmanov. ...

1124. Three major concerns of ECB regarding Cypriot banks

Although Cypriot banks have made great progress over the last decade, foreign supervisors have reservations and summarise their concerns in three areas....

1125. Greek banks freeze mortgage installments for 12 Months

Eurobank, Piraeus and Alpha Bank have announced that they will be keeping mortgage installments at their current levels for 12 months. As pledged by the first two banks, the baseline rates of serviced mortgage loans will remain at the levels they were on March 31, 2023, minus 20 basis points, for 12 months, starting in May. National Bank is expected to follow suit....

1126. IMF projects steady GDP growth for Cyprus in 2023

The International Monetary Fund (IMF) maintained its projection for Cyprus’ economic growth in 2023 at 2.5% of GDP, while real GDP growth is expected to pick up pace in the next year....

1127. K. Treppides & Co Ltd: Sustainable Finance

Sustainability is the key to a better, healthier, and more viable future as it improves the quality of our lives with the use of natural resources which protect our ecosystem in general. By taking into consideration the three pillars of economic viability, environmental protection, and social well-being, we can preserve the future generations’ needs while, from a corporate perspective, the development of sustainable strategies can lead to a company’s longevity....

1128. Cyprus winemakers to receive €22 million in EU support

Cyprus through the National Plan for the wine sector will provide viticulturists and winemakers with more than €22 million of support from EU funds by October 2023, Minister of Agriculture, Rural Development and the Environment Petros Xenofontos said on Sunday. ...

1129. Are you ready for ChatGPT to take over your job?

Since its release in November of last year, OpenAI's ChatGPT has been used to write cover letters, create a children's book, and even help students cheat on their essays....

1130. Cypriot fund facing mighty resistance in Lukoil deal

Efforts to dispel US concerns over suspected Russian influence in a Cypriot fund buying a Lukoil plant in Sicily may be gaining traction with Italian officials, with reports suggesting American resistance may be losing ground after a crucial meeting last week...

1131. What is the future for banks?

Banks have suffered significantly in the last 15 years. Some have been forced to shut down, while others had to reduce deposits. In some countries, banks have been subject to capital controls, and many have had to change their shareholder structure due to state intervention....

1132. Investors flock to 'green' bonds as a secure investment

1133. Inside the high-stakes prosecution of a former president

Former U.S. President Donald Trump has made history by becoming the first president to face criminal charges before a court of justice in the United States. ...

1134. KEAN shares sold: New owners to bring fresh ideas and investments

In a recent development, the shareholders of KEAN have decided to sell their shares to bbf, a company operating in the field of development projects. ...

1135. Passports of Russian officials confiscated to prevent overseas escape

A Soviet-style practice is being resorted to by Russia's security services, confiscating the passports of senior officials and executives of state-owned companies to prevent travel abroad, as "paranoia about leaks and defections spreads in Vladimir Putin's regime," reports the Financial Times....

1136. Announcement Appointment of Senior Managers in K. Treppides & Co Ltd

The Management of K. Treppides & Co Ltd is committed to develop leaders who derive from own people and who pursue excellence in the provision of high quality specialised and unique services. We are pleased to announce the appointment of the following members on the Board of Management effective as of 1 April 2023. ...

1137. Prem Watsa: 'Greek banks are safer'

Greece has entered a virtuous cycle of growth, and the next few years will be especially beneficial to the economy and Greeks if political stability is maintained and business-friendly policies are implemented....

1138. Minister of Labor to submit CoLA mediation proposal

Minister of Labour and Social Insurance Yiannis Panayiotou said on Friday he would submit a mediation proposal to the social partners (trade unions and employers) to reach an agreement on the issue of the Cost of Living Allowance (CoLA)....

1139. BP and ADNOC's bold bid for the Leviathan field

Last Tuesday, British multinational oil giant BP and Emirati Abu Dhabi National Oil (Adnoc, the UAE's state oil company) announced a joint bid to buy 50% of Israel's NewMed Energy in a $2 billion deal. ...

1140. Completion of Project Starlight