Search

661. Wargaming intends to 'hold on' to Hellenic

Wargaming Group, a Cypriot technology company, intends to remain a shareholder in Hellenic Bank. Despite selling a 13.41% stake to Eurobank in early December, Wargaming says its goal now is to focus on what it says it "does best," which is creating good games....

662. Presidential candidate wants Cyprus in NATO

Cypriot presidential candidate Averof Neophytou says NATO membership would be a 'natural development' for the Republic of Cyprus, a divided island that continues to raise tensions between the western alliance’s members Greece and Turkey...

663. Only three passengers arriving in Germany test positive for COVID

Only three passengers from China have tested positive for the Coronavirus upon their arrival to Germany since January 9, of a total of 628 random tests that have been carried out, according to a spokeswoman from Germany’s Health Department....

664. Cyprus talks up imminent Chevron announcement

Cypriot Energy Minister Natasa Pilides is waging a battle to ensure Chevron’s reluctant development concept for Aphrodite will stick to plan, but cost-cutting ideas, merger wars, and maritime issues continue to blur options backed by an administration on its last leg...

665. Cavusoglu travels to US amid troubled ties

Turkey and the United States will aim to smooth out a series of disagreements between the NATO allies when the Turkish foreign minister visits Washington this week. But expectations that outstanding issues can be resolved are low....

666. 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....

667. Social media campaigning is dominating this year's electoral race

If this election differs from previous ones in any way, it is because the lion's share of the advertising pie has shifted to digital media, particularly social media, with Facebook and Instagram dominating in terms of the amount of advertising content given to them....

668. Israelis applying for French citizenship skyrocketed after November elections

Following the November elections, which saw the installation of the country's most right-wing and religious government to date, the French embassy in Israel saw a 13 percent increase in applications for citizenship....

669. Garage gate erupts as Biden faces Burisma email deadline

US President Joe Biden is facing new challenges following revelations that a second batch of classified documents has been discovered in his home garage in Delaware, just weeks before a deadline expires on releasing emails related to Cyprus-based Burisma, a Ukrainian oil company where his son Hunter got a seat on the board...

670. Cypriot author claims police trying to ban his book on corruption

A Cypriot investigative journalist accused the police on Wednesday of trying to prevent him from publishing books he wrote about corruption in his country....

671. Rising cost of living worrisome for almost all Cypriots

The rising cost of living, the threat of poverty and social exclusion, and the migration issue are Cypriots’ greatest concerns according to the European Parliament’s Autumn 2022 Eurobarometer Survey released on Thursday....

672. Last king of Greece to be buried as a private citizen

Constantine, the former and last king of Greece, will be buried as a private citizen in Tatoi, the former summer residence of Greece’s royals and where his parents and ancestors are buried, the government said Wednesday....

673. Funds are investing in Cypriot banks

Investing in Cypriot banks is becoming more common. The progress they have made in terms of the non-performing loan burden they have shed, their capital adequacy, which is characterized as good,...

674. Portugal's golden visa program netted €654.2 million in 2022

Investment in Portugal through golden visas in 2022 reached €654.2 million, representing a 41.9 per cent increase compared to the previous year....

675. WhatsApp given green light to sue Pegasus spyware company

The US Supreme Court on Monday let Meta Platforms Inc’s WhatsApp pursue a lawsuit accusing Israel’s NSO Group of exploiting a bug in the WhatsApp messaging app to install spy software allowing the surveillance of 1,400 people, including journalists, human rights activists and dissidents....

676. Cyprus wrestles with decision on China measures

Cypriot health officials are meeting on Tuesday to sift through data before deciding on possible COVID measures on travelers from China, but the task is made more difficult by criticism from a local expert and a new variant sweeping through the West...

677. Amazon to layoff 18,000 employees

Amazon.com Inc's layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday....

678. New loans up despite interest rate hike

Total new loans in November 2022 increased by €172.8m compared to the previous month, despite an increase in interest rates across all loan categories. ...

679. Hollywood executives brace for ‘year of turmoil’ in 2023

Hollywood executives are bracing for a brutal “year of turmoil” as the entertainment business faces the combined threat of an economic recession, slower streaming growth, a cinema industry on life support and a potential writers’ strike....

680. The landscape of bank equity is changing in Cyprus

A day before 2022 came to an end, Eurobank made the announcement that it had added 3.2% more shares of Hellenic Bank, bringing its total to 29.2% (pending regulatory approval), and altering the bank's balance "for good"....

681. The most likely scenario for the drugs found in Protaras

Stelios Sergides, deputy commander of the YKAN, told CNA that 340 kilos of cannabis, 38 kilos of cocaine, 3.5 kilos of ecstasy pills, and 4.5 kilos of methamphetamine were seized in Cyprus in 2022, with the number of drugs increasing over the previous five years....

682. Economic events that will be remembered in 2022

The energy crisis, which intensified after Russia's invasion of Ukraine and resulted in skyrocketing gas prices, took the lead throughout the year....

683. Electricity subsidies extended to February 2023

The Council of Ministers met yesterday under the chairmanship of the President of the Republic Mr. Nicos Anastasiades and approved the extension for two additional months of the measure concerning the subsidy by the State of part of the cost of electricity consumption...

684. Nineteen in the clear after bird flu scare in Cyprus

A total of nineteen people in Cyprus who were exposed last month to cases of birds infected with Avian Influenza virus were said to be in the clear, with health officials saying nobody developed any symptoms...

685. Russians flying to Cyprus get 'next best thing'

Moscow and Nicosia are growing further apart on travel between the two countries, prompting Russians living on both sides of the divided island to look for new routes through Turkey after rumors of direct flights in the north subsided due to the Cyprus Problem...

686. Eva Kaili: From city council to city prison

687. Cyprus Airways flights up 406% in November compared to last year

Cyprus Airways announced today that a 406% increase was recorded in flights last November, compared to the corresponding month in 2021....

688. What did Cypriot consumers purchase in 2022?

Cashless transactions have significantly increased since businesses are now required to accept credit or debit cards. Card payments now account for approximately 72% of all commercial transactions, rather than cash. ...

689. ECB raises interest rates by 0.5%

Christine Lagarde warned markets not to expect an early end to rate rises next year, on a day when the European Central Bank and the Bank of England lifted borrowing costs to their highest levels in 14 years....

690. Cyprus retail sector continues climb despite inflation

Black Friday, with its high levels of traffic and shopping, appears to have given way to the Christmas holiday season. The market is still moving well, with increased foot traffic in shopping malls and main streets....