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241. Finance Minister calls for prudency to safeguard economy

Cypriot Minister of Finance Constantinos Petrides, stressed on Wednesday evening the need to be “even more careful” with the fiscal discipline in the new challenging era, while Central Bank Governor Constantinos Herodotou referred to the risk of new NPLs due to the challenging economic conditions....

242. Third annual Comulis conference highlighted correlative imaging methods

Following the successful COMULIS Conferences in Austria and Sweden, The Cyprus Institute (CyI) hosted the 3rd Annual Conference of the COMULIS COST Action (Correlated Multimodal Imaging in Life Sciences; https://www.comulis.eu),...

243. California to allow human remains to be composted and used as soil

California will begin offering the option of human composting after death thanks to a bill recently signed into law that aims to tackle climate change....

244. Employing Turkish Cypriots in ROC can play a key role in reunification

In a letter to Nicosia, the European Commission is calling for the upgrading of skills and the promotion of Turkish Cypriots in specific sectors of employment in the Republic of Cyprus, hoping that such a development will create a win-win situation....

245. New High Commissioner: UK to continue its support for a just solution in Cyprus

The new UK High Commissioner to Cyprus, Irfan Siddiq, said that his country will continue to support the achievement of a just, democratic and lasting solution to the Cyprus problem, stressing that a reunited Cyprus can achieve even greater things as a country....

246. Liz Truss becomes Britain new PM after Johnson fallout

Liz Truss will become Britain's next prime minister after winning a leadership race for the governing Conservative Party on Monday, vowing to press ahead with promised tax cuts and action to tackle the deepening energy and cost of living crisis....

247. Erdogan insists Greece’s S-300 locked on Turkish plane

The theory that Greece’s Cypriot-bought Russian-made S-300 could be heading for Ukraine got some attention this week, after Ankara insisted that Athens used the previously-forgotten missile system to lock on a Turkish plane over the weekend, a claim Greek officials deny...

248. Never before seen archeological treasures resurfacing thanks to the drought

Europe is experiencing its worst drought in at least 500 years. Landscapes across Europe and beyond are being altered as forest fires, melting glaciers and other disasters threaten to wipe out entire regions....

249. Increase in new asylum applications in Cyprus and EU

In May 2022, first-time asylum applicants in the European Union increased by 17% compared to April 2022, and by 89% compared to May 2021, according to monthly asylum data published by Eurostat, the statistical office of the EU....

250. Changing weather brings summer showers (video)

Heavy rain fell at noon on Thursday (25/08) in various areas of Cyprus....

251. Broken fortress discovered under 'mega-monument' burial mound in Cyprus

Archaeologists excavating an enormous ancient burial mound in Cyprus have uncovered an even older structure hidden beneath it: a rampart, or part of a defensive wall, according to a statement from the Department of Antiquities Cyprus....

252. A new hotel to be built in the Dromolaxia-Meneou area

The Environmental Authority gave the green light for the construction of a hotel unit in the coastal area of ​​Meneou-Dromolaxia, in the location of Parayalia....

253. Scorcher tightens grip over Cyprus

Another heat warning has been issued for Cyprus due to excessive temperatures, with daytime highs on Sunday expected to climb back up to 40 degrees in the afternoon, but evening skies call on sky enthusiasts to look up after sunset...

254. 'I had warned them that the Turks were getting ready'

It wasn't a matter of instinct, he didn't accidentally smell impending danger. The facts spoke for Alexandros Simioforidis and he could not ignore them. ...

255. Top position in luxury car sales for Porsche and A.I. Motokinisi Ltd in Cyprus

Porsche Cyprus in a leading position in terms of sales in the first half of 2022...

256. EY announces US$1b investment in a next generation technology platform to facilitate trust, transparency and transformation through assurance services

EY announced an investment of more than US$1b in a next generation assurance technology platform – part of a sustained focus on providing high quality audits and responding rapidly to changing expectations from regulators, governments, standard setters, audit committees and boards. The four-year investment is enabled by a wider US$2.5b program, announced by the EY organization in September 2021....

257. High temperatures and wildfires test Europe's patience (pictures)

Firefighters have been battling several blazes in southern Europe for the past few days as the mercury soared, with scientists linking the very high temperatures to climate change....

258. Midday heat warnings continue in Cyprus

A midday yellow warning for extreme high temperatures in Cyprus continues to be in effect on Thursday, as a low pressure system is affecting the island this week...

259. 100,000 daily departing passenger limit at Heathrow until September 11

Heathrow Airport said it has introduced a cap of 100,000 daily departing passengers until September 11, as the aviation sector struggles to cope with demand for travel....

260. These are the top 10 airlines by flight cancellations in Europe

Mabrian, the travel intelligence platform, has analysed data relating to European airline scheduling over the last few weeks in response to the operating challenges that many are facing and has listed the top ten airlines by flight cancellations in Europe....

261. Kea opens spectacular shipwreck dive sites

Jacques-Yves Cousteau would probably have been surprised to learn that the wreck of the World War I Britannic (the sister ship of the legendary Titanic) he discovered in 1975 off southwestern Kea would be listed as an underwater historical site almost 50 years later, becoming one of a handful of such marine parks in the world. ...

262. Bank of Cyprus offering voluntary retirement plans for up to 600 employees

The Bank of Cyprus is offering a Voluntary Retirement Plan to 500 - 600 employees of its employees in the hopes that it can reduce its number of employees in order to maintain profitability. ...

263. Tourism stages comeback despite losses from Russian market

Tourist arrivals in Cyprus during May increased significantly compared to the same month of 2021, however, they were still lower compared to May 2019 and with obvious losses from the Russian and Ukrainian markets....

264. 20 years of the Cayenne: The ‘third Porsche’ – an extraordinary success story

Ferry Porsche predicted it back in 1989: “If we build an off-road model according to our standards of quality, and it has a Porsche crest on the front, people will buy it.” He would go on to be proved right. ...

265. Turkish Cypriots must assume responsibility for migration flows

Vice-President of the European Commission Margaritis Schinas has said that the EU will find a way to make the Turkish Cypriot leadership assume its responsibility for limiting the migration flows in Cyprus which is faced with "an unbearably big burden"....

266. The end of an era as Revlon files for bankruptcy

The US cosmetics group Revlon has filed for bankruptcy protection after battling supply chain problems and failing to compete with celebrity-backed and social media-savvy upstarts....

267. Myth-buster: IFRS 17 an accounting standard for insurance contracts

As the title attests, this short article aims at busting the myth which states that IFRS 17 – Insurance Contracts is only relevant for insurers or for companies regulated as insurance entities. ...

268. The biggest scam in higher education - the master's degree

It's graduation season. Over the past couple of weeks, some 2 million college students have earned their bachelor's degrees and headed off to the next stage of their lives....

269. EU strikes deal on adequate minimum wage in member states

With a deal struck on Monday night, Parliament and Council negotiators agreed on EU rules to set adequate minimum wages, as provided by national law and/or collective agreements....

270. Global IPO market experiences significant slowdown in Q1 2022