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3151. Cyprus plays supporting role in LNG arena

After years of trying to locate and extract natural gas from its EEZ, Cyprus' prospects continue to stagnate due to the current geopolitical conditions, the Cyprus issue, and the fact that the research, although promising, has not yet yielded the large quantities that were found in the EEZ of Egypt and Israel....

3152. Cyprus to Greece ferry link launches with great fanfare [VIDEO]

The launch of the ferry link service between Limassol and Piraeus occurred this Sunday amid great fanfare led by the President of the Republic Nicos Anastasiades and attended by the Speaker of the House of Representatives, Anita Demetriou, and various other Ministers....

3153. Consulco brought together London and Limassol

An excellent dialogue took place during the hybrid conference ''Resilient Cities: London and Limassol'' organized by Consulco, on Thursday 16 June 2022 between London and Limassol, where speakers from Cyprus and Britain exchanged views on the two cities and their development. ...

3154. 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....

3155. Wooing migrant millionaires

Greece is becoming a top destination for wealthy migrants, as it is expected to welcome 1,200 “millionaire immigrants” this year....

3156. Central banks across Europe jack up interest rates to fight inflation

Central banks across Europe raised interest rates on Thursday, some by amounts that shocked markets, and hinted at even higher borrowing costs to come to tame soaring inflation that is eroding savings and squeezing corporate profits....

3157. Ferrari to launch its first electric-only car in 2025

Ferrari is aiming for two of every five cars it sells to be fully electric by 2030, as the luxury brand tries to marry the need to reduce emissions with a reputation built on the prowess of its traditional engines....

3158. Macron, Scholz, Draghi in Kyiv on historic visit

French President Emmanuel Macron, German Chancellor Olaf Scholz and Italian Prime Minister Mario Draghi arrived in Kyiv Thursday morning, visiting the Ukrainian capital for the first time since the beginning of Russia’s invasion in a historic joint trip....

3159. US Fed raises interest rates by .75%, largest hike in 30 years

The US central bank has announced its biggest interest rate rise in nearly 30 years as it ramps up its fight to rein in soaring consumer prices....

3160. The 15 branches of Bank of Cyprus that are closing

The restructuring plan will go ahead by July 4 - There will be 60 left while it will also reduce ATMs...

3161. No drama diplomat announces candidacy

Greek Cypriot chief negotiator Andreas Mavroyiannis announced his candidacy for president in next year’s election in the Republic of Cyprus, saying corruption will remain rampant unless the country is reunited once again into a 'proper state'...

3162. Five year plan to install AC units at schools underway

A five-year, 100 million euro program to install air conditioning units at schools was announced yesterday by Education, Culture, and Sports Minister Prodromos Prodromou....

3163. 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. ...

3164. Russia will free up Ukrainian ports to allow grain exports

Russia and Turkey on Wednesday voiced support for the creation of a safe maritime corridor in the Black Sea so Ukraine can export grain to global markets amid an escalating world food crisis....

3165. EY announces 4 new Partners in Cyprus and welcomes new Head of Consulting

EY Cyprus Country Managing Partner, Ronald Attard, has welcomed the announcement of 4 new partners to the Cyprus practice....

3166. Greece preparing for mass migrant entry from Turkey

Amid rising tensions with Turkey, plans are being drafted to deal with the possibility of an attempted mass entry of migrants into Greece at the instigation of Ankara, in a repeat of the spring 2020 incident at the Evros land border....

3167. Lavrov in Turkey to discuss plans to ship Ukrainian grain

Russian Foreign Minister Sergey Lavrov is due to hold talks Wednesday with Turkish officials on a plan that could allow Ukraine to export its grain through the Black Sea to global markets amid an escalating food crisis....

3168. Man fearing monkeypox checks himself into hospital

Another suspected case of monkeypox has been found in the Republic of Cyprus, with reports suggesting the government has been keeping information on the down-low to avoid panic over unconfirmed incidents...

3169. 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....

3170. EU to implement one charger for all devices by 2024

In a historic decision and a world first, the negotiators of the European Parliament and the Commission today agreed in principle to implement common chargers for all electronic devices by the autumn of 2024....

3171. Boris Johnson to face no-confidence vote tonight

British Prime Minister Boris Johnson will face a no-confidence vote Monday that could oust him from power, as discontent with his rule finally threatens to topple a politician who has often seemed invincible despite many scandals....

3172. Cyprus looks to become global crypto hub with new bill

Cyprus is vetting a cryptocurrency “umbrella” bill in a bid to establish the Mediterranean nation as a premier destination for digital asset innovators and companies....

3173. Nicos Anastasiades to convene National Council meeting on June 9th

President Nicos Anastasiades has decided to convene a National Council meeting on Thursday, June 9th to discuss the latest developments in the Cyprus issue and the increasing inflationary pressures on the economy, Government Spokesperson Marios Pelekanos said on Friday in a written statement....

3174. Turkey buying stolen Ukrainian grain from Russia

Kyiv's ambassador to Ankara said on Friday Turkey is among the countries that is buying grain that Russia stole from Ukraine....

3175. Cost of living crisis pushing people to become Airbnb hosts

A recent study by Airbnb conducted with more than 70,000 EU hosts and guests reveals for the first time that the cost-of-living crisis is pushing people to become hosts on Airbnb....

3176. Thousands of young Europeans selected to travel throughout Europe for free

Nearly 754,000 people have applied to travel and visit Europe through DiscoverEU, the integrated program of Erasmus+, has revealed....

3177. Global IPO market experiences significant slowdown in Q1 2022

3178. Britain celebrates 70 years of Queen Elizabeth's reign

A beaming Queen Elizabeth waved to cheering crowds massed outside Buckingham Palace on Thursday as Britain kicked off four days of pomp, parties and parades to celebrate her record-breaking 70 years on the British throne....

3179. Nicosia on the defense over ill-timed Israeli drill

Cypriot diplomats were on the defensive this week after a joint military exercise with Israel sent jitters in the region, with Nicosia finding itself in a predicament with Tehran and Beirut as well as usual suspect Turkey...

3180. Cablenet and Plume fast tracking the intelligent home evolution in Cyprus

Cablenet, a leading Telecommunications provider in Cyprus, today announced the start of a new era in intelligent home services. ...