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181. Minister unleashes 4% boost for retirees

In a significant move to enhance the well-being of pensioners, Labor and Social Insurance Minister Yiannis Panayiotou declared a nearly 4% increase in basic pensions for the upcoming year....

182. The mystery of Cyprus' social insurance fund

The Republic of Cyprus achieved its first significant milestone with the establishment of the Social Insurance System, originally introduced during the colonial era. ...

183. Minor driver caught without insurance in Paphos

On Monday evening, as part of routine traffic controls, the Paphos police made a significant interception in a village within the Paphos district. At approximately 19:20, law enforcement officers stopped a vehicle and made a startling discovery....

184. How Kotsovolos fits into PPC's master plan

The acquisition of "Kotsovolos" propels PPC's transformation into an integrated provider of products and services, reshaping the retail electricity market. By securing "Kotsovolos," PPC gains the means to offer a comprehensive range of services, from electricity and natural gas to cutting-edge energy solutions....

185. Fitch upgrades Hellenic's long-term rating to ''BB+'' with stable outlook

In a recent announcement, Fitch Ratings raised Hellenic Bank's long-term rating from "BB-" to "BB+" and assigned a stable outlook to the bank. The agency also upgraded the bank's Viability Rating (VR) to "bb+" from "bb-."...

186. EY Cyprus Unveils EY Academy of Learning and Development: Pioneering Excellence in Learning and Development

EY is proud to announce the launch of the EY Academy of Learning and Development. The announcement took place during an exclusive event held on November 2, 2023, at Lemon Park in Nicosia....

187. Woman kills boyfriend over $30M inheritance

A North Dakota woman fatally poisoned her boyfriend after learning about his plans to dump her — because he had inherited $30 million just hours earlier, police said....

188. Cablenet fined €6,000 for workplace safety violations leading to fatal injury

In a significant legal ruling, the Larnaca District Court has issued a fine of €6,000 to CABLENET COMMUNICATION SYSTEMS LTD for multiple violations of safety and health regulations. ...

189. Healthcare ethics scrutinized as concerns rise over 'dual practice' doctors

Recent speculations have emerged regarding doctors affiliated with the General Healthcare System (GESY), primarily in surgical specialties, who are reportedly providing services in hospitals and clinics outside of the GESY framework....

190. Full basic pension exempted from actuarial reduction

The Minister of Labor, Yiannis Panayiotou, presented a proposal at the Social Insurance Council meeting, exempting the full basic pension from a 12% actuarial reduction for employees with 40 years of contributions. This proposal aims to relieve actuarial reductions for early pensions. ...

191. Pfizer doubles price of lifesaving COVID-19 drug to $1,390

The price of the lifesaving COVID-19 antiviral medication Paxlovid will more than double as the United States transitions out of the emergency phase of the pandemic, drugmaker Pfizer said Wednesday....

192. Cyprus cracks down on illegal labor as Limassol raids yield arrests

In a concerted effort to combat illegal employment and unlawful residence, law enforcement authorities took action yesterday....

193. Singapore drivers hit with £88,000 bill just to own a car

Drivers in Singapore now need to pay £88,000 for the right to own a car - and that doesn't include the cost of the vehicle itself....

194. Unexpected earnings dip in 2022 at €2,202

In a surprising turn of events, Cyprus witnessed its first annual drop in monthly earnings after seven prosperous years....

195. Apollonion hospital's inclusion in GESY postponed

The integration was scheduled for Sunday, October 1st, but as stated to "K" magazine by the Director of the Health Insurance Organization, Andreas Papakonstantinou, the hospital's management informed the organization today that the necessary permits have not yet been obtained from the Ministry of Health....

196. Bank of Cyprus woos investors at London conference

Last week, the Bank of Cyprus launched a series of engagements with investors, with a particular focus on attracting new stakeholders. This initiative took place during the BofA Merrill Lynch conference, notably at the Annual Financials CEO Conference held in London from last Tuesday to Thursday. ...

197. Nearly €158,000 in fines imposed for undeclared and illegal Labor

In a series of targeted measures and inspections by the Ministry of Labour and Social Insurance and the Ministry of Interior, 204 illegal workers and 98 undeclared workers were found to be working at businesses, and as a result, administrative fines of €157,900 were issued against these companies....

198. GHS welcomes Ygia Polyclinic

On Monday, September 25, 2023, the "" Polyclinic officially became part of the General Health System, offering inpatient care and a First Aid Department...

199. 43 undeclared workers uncovered in hotel raids

In July, the Ministry of Labor and Social Insurance's Inspection Service conducted targeted inspections at hotels across Cyprus, revealing 43 undeclared workers. This resulted in 20 Violation Notices and 19 Imposition of Fines, totaling €49,000....

200. Consulco’s London Credit Fund; Existing & New Investment Opportunities

201. Ygia Polyclinic A&E joins GHS

In a significant development set to enhance healthcare accessibility in Cyprus, the integration of private Accident and Emergency Departments (A&E) into the General Healthcare System (GHS) is set to commence next Monday....

202. The European Health Insurance Card (EHIC) is your passport to health

The European Health Insurance Card (EHIC) is a valuable resource for European citizens, providing access to essential healthcare services during temporary stays in 27 European Union (EU) countries. ...

203. Over 200,000 dead animals reported in Thessaly

More than 200,000 dead animals have been declared to the Hellenic Agricultural Insurance Organization (ELGA) in Thessaly, central Greece, according to Minister of Rural Development and Food Lefteris Avgenakis....

204. 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....

205. EU Commission's roadmap for seamless social security services

European Commission has proposed concrete steps to further digitalise the coordination of social security systems in Europe, in a dedicated Communication....

206. Ministry of Health in conflict with Insurance Agency over healthcare control

During yesterday's Parliamentary Committee on Health meeting, the Government decided to shift the responsibility of sending patients abroad from the Ministry of Health to the Health Insurance Organization....

207. Consulco: London Credit Fund’s new investment opportunity secured against UK commercial properties

The London Credit Fund New Compartment offers even higher returns to investors....

208. Gov't embraces flexible work for public servants

The Council of Ministers, in its meeting on August 30, 2023, greenlit a policy framework aimed at regulating flexible employment within the public service. This initiative aligns with the implementation of the Recovery and Resilience Plan 2021-2026....

209. Ministries launch joint crackdown on undeclared employment

The Ministries of Interior and Labour announced they will start doing checks on Monday in workplaces concerning undeclared employment of third-country nationals....

210. Company fined €12,000 for workplace safety violations

A fine of €12,000 was imposed on a company that was judged by the District Court of Nicosia to have violated the laws concerning workplace safety and health....