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151. 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....

152. 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....

153. 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....

154. 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...

155. 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....

156. Completion of Project Starlight

157. Generative AI could automate 300mn jobs

According to a report in the Financial Times, Goldman Sachs has found that "generative" AI systems such as ChatGPT could lead to the automation of a quarter of the work done in the US and eurozone....

158. 'Cyprus banking system ready to absorb shocks'

Tasos Yasemidis, an economist, spoke to "SPOR FM 95.0" and the "DIASPORA NEWS" show about the deal for the acquisition of Swiss bank Credit Suisse by UBS and how it affects the banking sector in Cyprus, ...

159. UBS steps in to buy rival Credit Suisse

Some of the world's largest central banks came together on Sunday to stop a banking crisis from spreading as Swiss authorities persuaded UBS Group AG to buy rival Credit Suisse Group AG in a historic deal...

160. Italy weighs in as Cypriot fund goes after Lukoil plant

An Israeli-backed Cypriot fund’s deal to buy a Lukoil-owned refinery in Italy is hanging in the balance ahead of a Cabinet meeting in Rome possibly this week, when veto powers would be weighed against energy hub aspirations that could replace Russian gas and put the final nail in the coffin of a proposed EastMed pipeline...

161. 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....

162. Nicosia among small European cities of the future

Nicosia ranks first in the category of small European cities of the future for human capital and lifestyle, according to the results of the European Cities & Regions of the Future 2023 global ranking....

163. EY Cyprus a Gold Sponsor at the 6th Annual Capital Link Cyprus Shipping Forum

EY Cyprus was, once again, a gold sponsor of the 6th Annual Capital Link Cyprus Shipping Forum, which was held at the Columbia Plaza, in Limassol, on Tuesday, March 7th 2023....

164. Exness opens internship positions for university students

Exness, a global, Limassol-based fintech company specializing in trading, has announced its Cyprus summer internship program. This is the second year the leading multi-asset broker offers junior-level positions to students who want to gain working experience in their field studies. ...

165. Cyprus forum on shipping in Limassol

Capital Link is hosting the sixth annual Cyprus Shipping Forum on Tuesday, at the Columbia Plaza in Limassol...

166. Protesters want an end to EastMed pipeline project

Environmental activists gathered outside the EU Commission in Brussels on Wednesday warning that in addition to financial and geopolitical arguments against the construction of an EastMed natural gas pipeline, sabotage similar to NordStream last year was also a possible risk...

167. 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....

168. 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....

169. 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...

170. Cypriot president weighs in with ciphered message

Cypriot outgoing president and Democratic Rally honorary president Nicos Anastasiades called on Friday for an end to the disputes between high-ranking party officials to allow DISY members to exercise their free vote during the presidential runoff election this coming Sunday, noting that he will not state his preferred candidate...

171. Cyprus at the crossroads

South African citizens/voters had two choices in deciding their country's future in 1990. The first option was to maintain the status quo, which would have resulted in a major civil war that would have destroyed the country and resulted in many deaths....

172. Tourism revenues are on the mend

Savvas Perdios, the deputy tourism minister, spoke with K shortly after his trip to New York and Washington, D.C., about the ministry's investment in this market and the need to gradually lay the groundwork for increased American visitor numbers in Cyprus....

173. 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. ...

174. Herodotou calls for increased vigilance to avert private debt defaults

Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) called for the preservation of fiscal space, as the economic prospects are deteriorating due to Russia’s war in Ukraine....

175. PWC survey: Seven out of ten CEOs are pessimistic about 2023

According to the 26th Annual Global CEO Survey conducted by PwC between October and November 2022, nearly three-quarters (73%) of respondents expect global economic growth to slow over the next 12 months....

176. January Newsletter of K. Treppides & Co Ltd

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....

177. Where you can't go in 2023 and why

Travelers from all over the world are expected to take their vengeance for two years in prison in 2023, as they can now take their dream vacation to any part of the world they want, with no restrictions....

178. EY Future Consumer Index: consumers opt for caution this holiday season

EY Future Consumer Index: consumers opt for caution this holiday season to cope with rising cost-of-living and environmental concerns, new data finds ...

179. EY Cyprus organised the 2nd Annual Corporate Reporting Insights event

EY Cyprus organised the 2nd Annual Corporate Reporting Insights event held on 16 December 2022, at Lemon Park Nicosia, with the participation of senior executives from Cypriot and multinational corporations. The event focused on the major shift underway in recent years, as emphasis moves from financial to corporate reporting. ...

180. Finance Ministry: 'Cyprus economy will not enter a recession'

There will be a significant slowdown in economic activity next year, we will be affected by increased energy prices and borrowing costs, but "inflation in Cyprus is being reined in at lower levels" compared to other European member states, ...