Search

1231. Liquidity cover hits 318% in banking

Konstantinos Herodotou, the Governor of the Central Bank of Cyprus, delivered a robust message at the TechIsland conference in Limassol....

1232. Essentials get affordable from November 2023

In a significant development, the Greek Tax Department has announced that the Ministerial Council, during its session on September 13, 2023, has given the green light to an official decree that modifies the VAT legislation. ...

1233. K. Treppides & Co Ltd and EIMF partner up to offer complimentary studies and assured long-term employment

A unique agreement recently penned between K. Treppides & Co Ltd and the European Institute of Management and Finance (EIMF) offers full-time employment while covering all study costs associated with obtaining EIMF’s accredited Diploma in “Accounting and Financial Management”....

1234. Bank refunds $500,000 to elderly customer

From Australia comes a story of corporate responsibility in the face of personal tragedy as an elderly national bank depositor had nearly AUD$500,000 returned to him out of the bank’s own pockets. ...

1235. Borrowers in a high-stakes game of loan roulette

In 2023, borrowers face a pivotal year, primarily due to the soaring levels of inflation, rising prices, and increasing interest rates. This year also carries significant importance for banks, not in terms of profits, ...

1236. EY achieves record global revenue of nearly $50 billion

EY reports record global revenue results of just under US$50b...

1237. Italy's cry for help: Facing a migrant surge amid EU discord

Italian Prime Minister Giorgia Meloni has appealed for greater European support as her country confronts a surge of people fleeing north Africa, amid growing tensions between Rome and other EU capitals over migration policy....

1238. 135% debt reduction sparks hope for economy

According to the latest data from the Central Bank of Cyprus, the private debt-to-GDP ratio has shown a significant decrease from its peak at the end of the first quarter in 2015 to the end of March 2023. ...

1239. Rising prostate cancer cases in Cyprus sound alarm bells for men's health

New data reveals a concerning increase in prostate cancer cases in Cyprus, with 656 cases detected in 2020, compared to 550 in 2019. Prostate cancer is the most prevalent form of cancer among European men, a...

1240. K. Treppides & Co Ltd: Cyprus financial market recovery or impending closure? Uncovering hidden risks

1241. EU passes borrower protection law: Your rights when borrowing money

The European Parliament (EP) has voted on rules to keep people safe when they borrow money for things like credit cards or loans....

1242. CBC governor joins EU leaders in Frankfurt

The Governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou, is in Frankfurt, Germany, to participate in the meeting of the Governing Council of the European Central Bank (ECB)....

1243. Government cuts interest income rates from 30% to 17%

The Cyprus government decided to slash taxation on interest income from 30% to 17%, Finance Minister Makis Keravnos said on Wednesday, noting that banks should follow suit in boosting income for depositors. ...

1244. Wizz Air faces reduced Christmas flight schedule due to engine faults

Wizz Air has been forced to ground some of its planes and warned it would run fewer flights over Christmas after faults were uncovered in engines used by Airbus....

1245. Government extends zero VAT on essentials

The government has decided to extend the application of the zero VAT rate on essential goods for another six months, with Finance Minister Makis Keraynos announcing the addition of coffee and sugar to the list of exempted products....

1246. Cyprus grapples with 9% surge in food prices

Many people are struggling with their daily expenses because food prices keep going up, causing financial stress....

1247. Big on big issues and small on small issues

Are you tired of scrolling and reading throughout long and multiple pages filled with every single detail of each accounting policy your entity of interest is using the last couple of years, only to find what really matters for you in page 25? Don’t get me wrong! I do that for living....

1248. CEO confidence in artificial intelligence tempered by social, ethical and security risks

CEOs globally are embracing opportunities created by AI, but also remain wary of unknown, unintended consequences, according to the findings of the latest EY CEO Outlook Pulse survey. ...

1249. Will Justice Minister and Chief of Police lose jobs over viral video?

When the video of Nikos Christodoulides' meeting at the Presidential Palace went viral the day after Limassol riots, many people thought that the Minister of Justice and the Chief of police might lose their jobs soon....

1250. Cyprus aims to shine with 'Cypriot Red Soil Potato' in European market

Ministry of Agriculture, Rural Development, and Environment, is making every possible effort to address new challenges while improving the competitiveness of the agricultural sector, said the Minister of Agriculture, Rural Development, and Environment, Petros Xenophontos....

1251. US anti-corruption chief shines spotlight on Cyprus

Richard Nephew, the Coordinator on Global Anti-Corruption at the US State Department, emphasized the severe consequences of corruption on economies and international investments during his visit to Cyprus....

1252. Is Jack Straw's position the way forward?

In an opinion piece on Politico's website, Jack Straw, a former UK Foreign Minister (2001-2006) and Labour MP from 1979 to 2015, shared his thoughts on Cyprus joining the European Union in 2004, the EU's Inter-Governmental Conference (IGC), and how to solve the Cyprus issue. In summary, he argued that Cyprus should not have joined the EU in 2004 without resolving the Cyprus problem first. ...

1253. Lamb and goat prices jump 29% in a month

Once again, our door is greeted with a knock of concern as food prices continue to rise, placing financial strain on the daily lives of many consumers. ...

1254. TechIsland Awards: The highly anticipated awards ceremony of the tech sector

The winners of the first ceremony in 7 categories...

1255. Jack Straw's 'two-states' plea for Cyprus sparks fury and accusations

The National Federation of Cypriots in the UK has dismissed an article penned by the British former Foreign Secretary Jack Straw in support of “two states” in Cyprus as “lacking substance and disregarding historical reality, international law and UK Treaty obligations to Cyprus.”...

1256. Jack Straw's call for two-state solution in Cyprus

Former UK Foreign Secretary Jack Straw has offered a proposal to resolve the long-standing conflict between the Greek Cypriot Republic of Cyprus and the Turkish Republic of Northern Cyprus (TRNC)....

1257. Former Finance Minister continues to question EuroAsia project

Former Finance Minister Constantinos Petrides has returned to the issue of the Eurasia Interconnector, expressing concerns and raising important questions. In a post on the "X" platform, he highlighted the need for transparency and clarity surrounding this significant and costly project....

1258. Compensation plans unveiled for Akamas communities

Starting tomorrow, September 1, 2023, the stipulations outlined in the Akamas Local Plan will be enacted. Yesterday, Mr. Konstantinos Ioannou, the Minister of Interior, and Mr. Petros Xenophontos, the Minister of Agriculture, Rural Development and Environment,...

1259. Average student spending at €250 as back-to-school shopping begins

A few days before schools reopen (September 7 for secondary and high schools, and September 11 for primary schools), chaos is ensuing in bookstores, stationery shops, and stores selling school attire and sports shoes. Subtitle: ""...

1260. AKEL's bold demand: Tax bank profits to power people's pockets

The AKEL political party is urging the government to take immediate action to alleviate the financial strain on Cypriot households by taxing banks' surplus profits and redirecting the funds towards fuel and electricity subsidies....