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331. Bank of Cyprus announces €50m net profit in first half of 2022

Bank of Cyprus announced a profit after tax amounting to €50 million for the first half of 2022, setting its sights on dividend distribution in 2023, for the first time since 2011, depending on market conditions and regulatory approvals....

332. Aegean and Emirates announce codeshare partnership

Emirates and AEGEAN announce the launch of a codeshare partnership, enabling their passengers to benefit from increased connectivity and travel to eight domestic Greek destinations via Athens, with a single ticket....

333. Tighter controls and penalties for cross-border transactions in Cyprus

The Cyprus Securities and Exchange Commission (CySEC) is introducing additional controls for cross-border services and announced that investor protection will be strengthened under new rules regarding how complaints are handled....

334. EAC: Electricity rates to be increased by 24%

The Cyprus Electricity Authority's pricing plans are expected to be approved by the Cyprus Energy Regulatory Authority in the coming days, EAC spokesperson Christina Papadopoulou told CNA on Tuesday....

335. 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. ...

336. Government takes steps to break Cyprus' reliance on fossil fuels

The government today took steps to break Cyprus’ reliance on fossil fuels....

337. Credit Suisse guilty of money laundering

Credit Suisse has been found guilty and fined for involvement in money laundering related to a Bulgarian drugs ring....

338. EY Survey: Energy security concerns reinforce government focus on renewable energy programs

Energy security has risen to the top of government priority lists in the wake of geopolitical instability and spiralling gas prices....

339. MAP S.Platis Group Pioneers 32-Hour Work Week for Staff This Summer!

Following the success of its hybrid and flexible work schedule during the past two years, MAP S.Platis Group, a leading consulting, educational, and tech firm in the financial services and regulatory compliance sector in Cyprus, announces the launch of a four-day work week for its staff via its ‘Summer Afternoons’ programme....

340. 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....

341. 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....

342. 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....

343. K. Treppides & Co Ltd: Cryptocurrency: The requirement of a firm to service the local market trading in cryptocurrency

344. Anastasiades stresses important steps for strategic planning in energy sector

The President of the Republic, Nicos Anastasiades stressed on Monday the important steps that have been taken in the last two years within the framework of the Government`s strategic planning in the energy sector....

345. K. Treppides & Co Ltd- Cryptocurrencies: Regulating cryptocurrency trading in Cyprus

346. 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....

347. UK revokes Russian channel RT's licence, citing links to Kremlin

Britain's media regulator on Friday revoked Russian-backed television channel RT's licence to broadcast in the United Kingdom, citing its links to the Kremlin....

348. UK approves first drug that prevents Covid

A first-of-its-kind drug that stops people from catching Covid has been approved in the UK by the country's medical watchdog....

349. New Vaccine Findings Pose Tough Questions for Parents of Young Children

For American parents, particularly those with young children, the last couple of months have been dizzying and beyond frustrating....

350. 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,...

351. Alpha bank group sells €2.4 billion NPL and real estate portfolio in Cyprus

Alpha Services and Holdings S.A. (together with its subsidiaries) has reached an agreement with an affiliate of Cerberus Capital Management, L.P. for the sale of a portfolio of Cypriot non-performing loans and real estate properties of a total gross book value of 2.4 billion euro....

352. Novavax could offer the unvaccinated a new option, if regulators agree

Following a long-awaited submission of data to the Food and Drug Administration last month, Novavax announced Monday that it had formally filed a request for emergency use authorization of its protein-based COVID-19 vaccine in the United States....

353. TEPAK professor loses appeal on unvaccinated ban

A Cypriot high court has ruled that banning unvaccinated professors from the classroom was a matter of school regulation and not detrimental to their academic career or a right to privacy...

354. The Cypriot electricity market is opening

Cypriot President Nicos Anastasiades is satisfied with the timetable as regards the opening of the competitive electricity market, set to launch in the fall of 2022, according to a written statement by deputy government spokesperson Niovi Parisinou....

355. MONEYVAL: Cyprus makes some progress in the fight against money laundering

Cyprus has made some progress in the fight against money laundering and terrorist financing by partially complying with recommendations set out by the Financial Action Task Force (FATF), according to a report by the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism - MONEYVAL....

356. Blood test could help detect cancer in people with nonspecific symptoms

Scientists have developed a blood test that could help detect cancer in people with nonspecific symptoms such as unexplained weight loss or fatigue....

357. Mammoth 1.3 Billion euro fine to Amazon

Italy's antitrust watchdog said on Thursday it had fined Amazon 1.13 billion euros ($1.28 billion) for alleged abuse of market dominance, in one of the biggest penalties imposed on a U.S. tech giant in Europe....

358. K. Treppides & Co Ltd: Social Media and Investment Recommendations

It is commonly accepted that social media play a defining role in almost every aspect of our everyday life. ...

359. Memorandum of Understanding on organ donation and transplants

The Minister of Health Mr. Michalis Hadjipandelas, who is accompanying the President of the Republic Mr. Nikos Anastasiadis in Madrid, signed today, on the sidelines of the President's visit, a Memorandum of Understanding for Health Cooperation between Cyprus and Spain....

360. Clarifications Min. Health for the new measures - The exceptions for telework

In a written announcement, the Ministry of Health clarified the new measures that were decided upon during yesterday's meeting of the Council of Ministers....