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91. Banks contribute over €854M in taxes amid controversy over proposed levy

In the last seven years (2017-2023), Cypriot banks have collectively paid more than €854 million in income tax, special taxes, and VAT, according to a report by Panayiotis Rouglas in last Sunday's Kathimerini....

92. New era in Cyprus local governance begins with 20 new municipalities

Cyprus is undergoing a significant local government reform aimed at enhancing service quality, financial and administrative autonomy, and transparency. ...

93. Public sector doctors to strike over pay dispute

Public sector doctors in Cyprus are set to embark on a 48-hour strike starting July 2, following failed negotiations with the State Health Services Organisation (SHSO) regarding the payment of accrued wages under an incentive agreement....

94. Heatwave halts deliveries, stores see orders plunge by up to 80%

A noticeable decrease in store order volume was caused by high temperatures and work stoppages following warnings from the Department of Labor Inspection....

95. Sony Music acquires Queen's catalogue for $1,27 billion

Queen's music catalogue, along with other copyrights, is in the process of being acquired by Sony Music for $1.27 billion, sources have confirmed to Variety. ...

96. Parliament reduces traffic light violation fines

Parliament unanimously passed a law reducing some out-of-court fines for traffic light violations, a measure largely prompted by the widespread use of photoelectric cameras in cities....

97. Cyprus achieves €600 million fiscal surplus in Q1 2024

Cyprus generated a fiscal surplus close to €600 million in the first quarter of 2024, marking an increase of 58% year on year, driven by the rise in state revenue which exceeded the rise in spending....

98. Cyprus tourism hit by May slump

Banks caution against high expectations for new tourism records in Cyprus, citing a lackluster performance in May, according to a report by Panayiotis Rougalas on this Sunday's Kathimerini (9 June 2024)....

99. Fitch upgrades Cyprus to 'BBB+'

Fitch Ratings has upgraded Cyprus' Long-Term Foreign Currency Issuer Default Rating from 'BBB' to 'BBB+' with a positive outlook....

100. Eurobank's 'egg - enter grow go' wins top EBAN award for 2024

egg - enter grow go, Eurobank's business accelerator, has been awarded the prestigious distinction of Best Performing New EBAN Member 2024......

101. Cyprus wins IMF praise for strong recovery

The International Monetary Fund (IMF) has praised Cyprus for its robust economic recovery and fiscal discipline, recommending continued efforts......

102. Cyprus ship management revenue up despite global challenges

Revenue from Cyprus' ship management industry rose by 2.4% in the second half of 2023, despite facing significant global challenges such as rising freight costs and geopolitical tensions, including disruptions in the Red Sea by Houthi forces....

103. Resilient CEOs embrace AI, plan for sustainable futures

Two in three CEOs optimistic about revenue and profit growth despite a challenging economic environment....

104. Philip Morris Cyprus opens its new flagship offices in Nicosia, advocating for a smoke-free Cyprus

Philip Morris Cyprus has set an ambitious goal to make Cyprus the first smoke-free country in Europe, as announced by the company's General Manager Mr. Stavros Dracularakos at an event celebrating the opening of its new offices in Nicosia....

105. ''Cyprus has the potential to become a model of sustainability in Europe''

In a recent interview during the first-ever Green Agenda Cyprus Summit held at the Hilton in Nicosia, environmental economist and sustainability advocate, Professor Cameron Hepburn, delved into the pressing need for Cyprus to embrace a green transition...

106. From gigabytes to watts: Telcos' evolution into energy providers

Andreas Neocleous is the first CEO of Cyta, Cyprus’ largest telecommunications organization, to have been appointed from the private sector....

107. Bank of Cyprus earns €133 million in profits

The Bank of Cyprus has announced a robust profit of EUR 133 million for the first quarter of 2024, marking a significant increase from EUR 95 million in the same period last year....

108. Combatting money laundering: Insights from Katerina Sikioti Charalambaki

Money laundering poses a significant threat to the EU's economy and society, with organized crime generating revenues of at least €139 billion annually, as emphasized by Katerina Sikioti Charalambaki, a professor and lawyer at the High Court of Justice....

109. Cypriot banks set to exceed 2023's record profits in 2024

Cypriot banks are maintaining a low profile, but it's expected that 2024 will bring in higher profits compared to the record-breaking figures of 2023. ...

110. Cyprus football's new horizon with privately owned stadiums

The era we find ourselves in appears to signify the beginning of significant change in the professional league, reminiscent of historical shifts that brought......

111. St. Kitts and Nevis appoints Joseph Borghese as Special Envoy for FDIs

In a strategic effort to boost Foreign Direct Investment (FDI) initiatives, the Government of the Federation of St. Kitts and Nevis has appointed His Excellency Joseph Borghese as Special Envoy for Foreign Direct Investments. ...

112. Deloitte announces 2024 Technology FAST 50 rankings

Cyprus based Capital.com claims top spot for the third consecutive year exhibiting 4411% growth in revenues ...

113. Ellinikon, Europe's largest smart city, begins its transformation

114. Melco's European expansion hit by tax cuts in occupied Cyprus casinos

Melco Resorts & Entertainment's grand venture, the City of Dreams Mediterranean, faces a dramatic twist in its European odyssey as northern Cyprus casinos brace for a tax overhaul. ...

115. EU cracks down on TikTok lite over child addition concerns

European digital regulators are taking a stern stance against TikTok's latest feature, which rewards users for engaging with content, citing concerns over addiction, especially among children....

116. Hellenic set to acquire CNP in multimillion-Euro deal

Everything appears to be proceeding smoothly, and it seems that CNP Cyprus will soon be under the ownership of Hellenic Bank....

117. Baltimore turns to container owners for ship salvage funds

The owner and manager of the massive container ship that took down the Francis Scott Key Bridge last month should be held fully liable for the deadly collapse, according to court papers filed Monday on behalf of Baltimore’s mayor and city council....

118. Cyprus ends 2023 with €918.7 million fiscal surplus

Cyprus's financial report card for 2023 is in, and it's showing some positive signs. According to the Statistical Service of Cyprus, the country ended the year with a fiscal surplus of €918.7 million. That's like having extra money left over after paying all the bills....

119. Spain and Greece face dire drought conditions

“The tourism sector has to adapt to the situation we are experiencing, which is absolutely abnormal,” a member of the Catalan government told the Financial Times......

120. Nicosia ring road faces setbacks, delays and budget overruns

The Nicosia Ring Road project, a cornerstone of infrastructure development in Cyprus, has encountered significant setbacks, including delays and budget overruns, casting a shadow over its completion prospects and anticipated benefits, according to a report by Apostolos Tomaras in Kathimerini's Sunday edition....