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151. EY achieves highest growth in nearly two decades, reports record global revenue of US$45.4b

EY announced combined global revenues of US$45.4b for the financial year ending June 2022 (FY22), an increase of 16.4% in local currency (13.7% in US dollars). This marks one of the most successful years in the history of the organization with the highest growth seen in nearly two decades attributed to the EY NextWave strategy to deliver long-term value for EY people, clients and society....

152. 'UN adopts equidistant stance, even when faced with violation of resolutions'

The UN, unfortunately, adopts an equal-distance stance, even when faced with the violation of decisions, resolutions and defined scope and terms of reference specified to the Secretariat said Friday Cyprus President Nicos Anastasiades. He also referred to recent statements by Turkey’s President Tayyip Erdogan which he described as provocative....

153. Cyprus highly innovative compared to other EU countries

Cyprus has achieved the biggest improvement in the field of innovation at the European level since 2015, according to the annual report of the European Innovation Scoreboard 2022 of the European Commission....

154. Nexters reports record-breaking quarterly revenues of $126 million

Nexters, an international game development company headquartered in Limassol, today released financial and operational results for the first quarter of 2022 and announced the changes to the board of directors: ...

155. Watching the Turkish paratroopers from my window

It was approximately 5.20 a.m. on the morning of July 20, 1974, when I was awakened by the ring of a telephone in my home in Nicosia....

156. President formally appoints new Labour Minister, deputy Minister and director of his office

The appointment ceremony of the new Minister of Labour and Social Insurance Kyriacos Koushos, the new Deputy Minister to the President, Petros Demetriou and the new Director of the President's Office Pantelis Pantelides took place on Monday at the Presidential Palace, in the presence of the President of the Republic Nicos Anastasiades....

157. CBC: Cryptocurrencies are a potential risk to the economy

Losing 26% of its value in the last month, Bitcoin and other cryptocurrencies are in danger of dragging the "real economy" with their unpredictable fluctuations....

158. EU official calls on Cyprus to implement recovery plan or lose funding

A European Commission official on Monday urged the Cypriot authorities to proceed with the implementation of Cyprus’ National Recover and Resilience plan, warning that Cyprus risks losing EU funds in case of new delays....

159. Op-ed: ESG, DEI and other acronyms and why we need to know about them IMHO*

Quite a few times I found myself receiving messages and having to pause and google search an acronym to understand its meaning. I’m sure I’m not alone, and it’s surely not just a Gen X symptom....

160. EY named a leader for ESG consulting services by independent research firm

EY has been recognized by research and advisory firm, Verdantix, as a leader for environmental, social and governance (ESG) services and sustainability consulting services in its latest report, Green Quadrant: ESG & Sustainability Consulting 2022 (pdf)....

161. EY Survey: Growing sustainability risks put pressure on law departments

Law departments around the world are facing a rising tide of risks relating to sustainability, but they do not feel that business leadership fully understands the implications, and they require additional resources to manage them effectively, according to a new study from EY Law and the Harvard Law School Center on the Legal Profession....

162. 'The Cypriot economy must be diversified'

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities on March 11–28, 2022 to discuss recent economic developments and policy priorities....

163. Overcoming talent crunch and supply chain upheaval among biggest success indicators for tech in 2022

Increased volatility rising out of the evolving COVID-19 pandemic has led to a reshuffling of priorities for the global technology industry....

164. Averof Neofytou promises an end to corruption and radical education reform

The Supreme Council of the ruling party Democratic Rally (DISY) unanimously ratified the candidacy of the party’s president Averof Neofytou for the Presidency of the Republic....

165. K. Treppides & Co Ltd - Cryptocurrencies: Forex Companies trading in cryptocurrencies as underlying asset. How to apply.

Derivatives on virtual currencies / cryptocurrencies, such as contracts for differences (CFDs), options and futures, can qualify as financial instruments under MiFID II. Subsequently, the provision of investment services in relation to financial instruments with cryptocurrencies as underlying asset in and/or from Cyprus, requires specific authorisation by the Cyprus Securities and Exchange Commission (CySEC)....

166. S&P downgrades RCB, places bank on CreditWatch with negative implications

Rating Agency Standard and Poor’s downgraded RCB bank’s long-term lender rating to `B+` from `BB-` and placed its ratings on CreditWatch with negative implications,...

167. Nicos Anastasiades and John Kerry discuss climate crisis and Cyprus problem

The climate crisis and developments in the Cyprus problem were the focus of a meeting which Cyprus President, Nicos Anastasiades, had on Friday with the US Special Presidential Envoy for Climate and former US Secretary of State, John Kerry, just before the beginning of the "One Ocean" Summit held in Brest, France....

168. French Ambassador: Conditional dialogue with Turkey

The need for careful monitoring of Turkey`s actions in all activity areas was underlined by the French Ambassador to Cyprus Salina Grenet-Catalano, who participated in today`s meeting of the Foreign and European Affairs Committee of the House of Representatives in order to present the priorities of the French Presidency of the European Union....

169. Quebec to impose tax on those who refuse COVID-19 vaccinations

Quebec will impose a tax on those who aren’t vaccinated against COVID-19 to offset their disproportionate cost to the health care system and encourage more people to get their shots....

170. Reflections on 20 years of the euro

Twenty years ago on Saturday, around 300 million Europeans held a brand-new currency in their hands, the euro....

171. Greece: ‘Covid Free Wallet’ goes into operation

The Digital Governance Ministry on Tuesday activated the “Covid Free Wallet,” an online application that makes it easier for citizens to present their coronavirus vaccination or recovery certificates and their identity details when seeking admission to retail stores, restaurants, cafes, gyms and other leisure or entertainment venues....

172. Joint action to defend and promote Democracy

Across the globe, democracy and human rights are increasingly under siege. Far from being an issue isolated to the “developing” world, democracies new and old are combatting existential crises of creeping authoritarianism, rising inequality, and malign influence both domestically and from abroad. ...

173. Divorce goes digital in Greece

In an effort to reduce bureaucracy in Greece, the government has begun moving more of its services online in order for citizens to save time and reduce red tape....

174. Actualizing the ESG proposition The journey towards sustainability, resilience and purpose

175. Council of Europe: Government in Cyprus ‘too centralized’

Cyprus remains a “very centralized country”, according to a report from the Associated Press. ...

176. Electronic Money and Payment Institutions launch professional association

ECOMMBX is proud to announce the establishment of the Association of Cyprus Electronic Money and Payment Institutions (ACEMPI), with a number of the company’s management team members among the new Association’s leadership....

177. EY reports global revenues of US$40b in 2021 and outlines record US$10b investment plan over next three years

EY announces combined global revenues of US$40b for the financial year ended June 2021 (FY21), an increase of 7.3%, a solid result given the global economic impact caused by the COVID-19 pandemic. ...

178. Another 85 million by February if Cyprus meets deadline of key reforms

With the first 157m euros already paid in advance from the Cyprus Recovery and Resilience Fund, the country still has a long way to go to complete the reforms and investments required to unlock the next 85m euros which is due to be received in February 2022....

179. EY and IIF survey shows climate change top concern for banks

180. Cyprus worried as Taliban talks amnesty

The foreign ministry in the Republic of Cyprus said non-discrimination against women and girls in Afghanistan should be an 'immediate priority' while there was wide skepticism over Taliban’s latest amnesty comments...