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1351. Work begins on jetty for mooring FSRU in Cyprus

Work for the construction of a jetty, as part of the LNG Receiving and Regasification Terminal in the Vasilikos area in Cyprus, has recently begun...

1352. EY presents report on the Future of Banking in Cyprus

The report showcases the importance and contribution of Cypriot banks to the wider economy and society, and identifies current and upcoming challenges and opportunities...

1353. 2023 will be the year banks dole out dividends

Apart from entering 2023 with inflationary tendencies and following a year with a geopolitical crisis due to the Ukrainian one, it is expected to be the year when the term "dividend distribution,"...

1354. Ayia Napa Marina: Delivery of luxury homes begins with Beach Villa 6

Ayia Napa Marina, the iconic award-winning mixed-use development, has officially begun delivery of its luxury villas, with Beach Villa 6 already handed over to its owner. ...

1355. Bank of Cyprus: 71 million in profits in 2022

Bank of Cyprus' profit for 2022 was 71 million euros, up from 30 million euros in 2021....

1356. Mr. Kadis: 'The goal is to recycle 70% of construction and demolition waste'

Agriculture Minister Costas Kadis stated in his address at the "Workshop for the presentation of an innovative robotic method of separating waste from construction and demolition" that the goal is for at least 70% of the waste generated from construction and demolition to be recycled....

1357. 1,172 repatriations of third country nationals conducted in January

A total of 1,172 returns of third-country nationals to their countries of origin took place in January, Interior Minister Nikos Nouris said on Friday....

1358. Cyprus ranked 16th out of 85 countries in living kidney donations

Cyprus ranks 16th on kidney donations from a living donor, out of a total of 85 countries that provided data, Minister of Health, Michalis Hatzipantela said on Friday....

1359. Lidl Cyprus proceeds with raises and benefits amounting up to €900,000 for its 700 employees

It proves in practice, once again, its dedication and continuous investment in its people....

1360. Is Europe ready to accommodate older travelers?

As the world’s population is growing older, the tourism industry will have to adjust, meaning that tourism should be more accessible and inclusive for this category of travelers....

1361. Island remembers camps for Holocaust survivors

Cyprus and Israel commemorated on Thursday the 74th anniversary of the closure of the concentration camps for Jewish refugees and Holocaust survivors, who fled Europe after World War II for Israel...

1362. Plans to upgrade hotels in the mountains and countryside are underway

1363. All new city buses in the EU to have zero emissions by 2030

The Commission of the European Union has presented a plan through which it requires new buses operating within the bloc to have zero emissions by the year 2030....

1364. PwC: 5.2 billion in real estate transactions in 2022

Transaction volumes in the real estate and land development sector have surpassed those of 2019. According to the most recent PwC Cyprus publication, the total value of transactions in 2022 will reach €5.2 billion,...

1365. The 'Baby Grant' continues: Amounts and Benefits

It is still possible to receive the "Baby Grant" which is a subsidy of 1,750 euros given to eligible recipients and includes supplies such as furniture, linens, items for personal hygiene and care, and clothing for up to two years....

1366. Rescuers work through night as hopes fade for survivors

Rescuers worked through the night to rescue people clinging to life beneath the rubble eight days after Turkey's worst earthquake in modern history but hopes of finding many more survivors were fading on Tuesday...

1367. Companies laying off employees to hire new ones at lower salaries

Keri and other recruiters say that candidate offers are now much lower and look more like those from 2019 — before the pandemic kicked off the Great Resignation, before Big Tech went on a hiring spree, and before anyone had heard of "quiet quitting."...

1368. Sales to foreign buyers hit 16 year high

During January 2023 foreign buyers deposited 594 contracts of sale at Land Registry offices across the island. Moreover, these accounted for 54% of all sales; the first time since 2007 that the number of foreign sales has exceeded domestic sales....

1369. Cypriot voters cast ballot in crucial runoff election

Cypriots return to the polls Sunday to elect the 8th President since the establishment of the Republic of Cyprus. The two front-runners in last weekend's first round, are Nicos Christodoulides, former Minister of Foreign Affairs in the cabinet of outgoing President Nicos Anastasiades, and Andreas Mavroyiannis a diplomat who served as negotiator for the Cyprus problem...

1370. Credit Suisse posts $1.51 billion loss in 4th quarter of 2022

Credit Suisse on Thursday reported a fourth-quarter and annual net loss that missed expectations, as the Swiss bank continued with its huge strategic overhaul....

1371. Preparations for second round in the final stretch

Preparations for the second round of the Presidential elections on Sunday are in the final stretch. On Thursday the distribution of ballots was completed and on Friday the ballot boxes will be delivered....

1372. Cyprus drives hard bargain on EU migration money

Outgoing Cypriot President Nicos Anastasiades will note the disproportionate burden for the Republic of Cyprus due to the increased migration flows, during the European Council summit taking place on Thursday and Friday in Brussels, highlighting the instrumentalization of the migration issue by Turkey...

1373. Lidl Cyprus is constantly reducing its energy footprint and contributes to the protection of the environment on a daily basis

This year, the company was also certified with the ISO 50001 for its energy management system and for the first time it attained green certificates for 100% of the energy supplied by EAC....

1374. Woman dies after giving birth under earthquake rubble in Syria

As rescue teams, including Greeks, continue to fight a superhuman battle to find those trapped under the debris, there are so many shocking stories that have been documented after the earthquake in Turkey and Syria left thousands dead....

1375. Rate of NPL's unchanged in November 2022

Non-performing loans (NPLs) in the Cyprus banking system remained unchanged in November, with the NPL rate to total loans unchanged at 10.5%....

1376. Every election-related detail you need to know. The results, the locations, and the polls

The presidential election countdown has begun, with only 48 hours until the first round of voting. ...

1377. €10 million worth of grants approved for women entrepreneurs

A total of 187 applications submitted by women were approved in 2021 for the amount of 10.6 million euros, in the framework of the New Entrepreneurship Programme covering the period 2021-2027, ...

1378. Half a billion euro investment in digital transformation

Over the next five years, a little more than half a billion euros (€512 million) will be set aside for digital transformation. ...

1379. Tourism revenues are on the mend

Savvas Perdios, the deputy tourism minister, spoke with K shortly after his trip to New York and Washington, D.C., about the ministry's investment in this market and the need to gradually lay the groundwork for increased American visitor numbers in Cyprus....

1380. New yellow warning issued for showers, thunderstorms, and snow

The Department of Meteorology has issued a new yellow warning. The warning is in effect from 07:00 Wednesday morning (01/02) until 19:00 in the afternoon of the same day, according to the announcement. ...