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121. Cameras cut road deaths by 18% in two years

The two-year operation of the photo-labeling system, initiated on 1/1/2022 with four mobile and four fixed cameras, has witnessed a remarkable success in enhancing road safety....

122. Workforce crisis grips Cyprus as 12,000 job vacancies surge

In the hotel, catering, and retail sectors, an estimated 12 thousand personnel needs have prompted relevant professional associations to jointly appeal to the Ministry of Labour, seeking simplified procedures for hiring staff from third countries....

123. €6M fund faces scrutiny in migrant returns

A recent evaluation conducted by the Audit Office sheds light on the challenges faced by the Police in detecting and repatriating irregular migrants and asylum seekers....

124. Ministry's robust €65.2M budget signals ambitious 2024 plans

At 65.2 million euros, the proposed budget of the Ministry of Tourism for 2024 surpasses previous years, accounting for initial budgets and excluding additional expenditures....

125. EY Cyprus redefines corporate reporting landscape at 3rd annual insights event

EY Cyprus organised its 3rd Annual Corporate Reporting Insights event titled ‘Connectivity: Reforming Corporate Reporting.’ ...

126. Portugal breaks records with 149 hours of uninterrupted renewable energy

In a remarkable feat, Portugal achieved a new milestone by generating more renewable energy than its electricity demands for an unprecedented 149 consecutive hours....

127. Cyprus faces double-digit sanctions violations chaos

Cyprus’ Law Office has received complaints on possible sanctions violations amounting to double-digits, Attorney-General George Savvides told a parliamentary committee which discussed the “Cyprus confidential” publication, involving millions of leaked files on financial transactions investigated by the International Consortium of Investigative Reporters (ICIJ)....

128. Binance's Zhao, steps down as CEO

In a significant development for the cryptocurrency world, Changpeng Zhao, better known as CZ, has announced his resignation as the chief executive officer of Binance....

129. Finance Minister perturbed over 'Cyprus Confidential'

Finance Minister Makis Keravnos expressed dismay over the revelations in ''Cyprus Confidential,'' emphasizing concerns about ongoing portrayals of Cyprus as a problematic financial and investment destination....

130. Elizabeth McCaul unveils hidden financial dangers

A strong signal highlighting the need for closer scrutiny of non-bank financial institutions comes from Frankfurt, as Elizabeth McCaul, a member of the European Central Bank's Supervisory Board, emphasizes the potential risks....

131. Will foreclosures plague 2023?

There is a race against time, with only a few weeks left to address the issue of foreclosures and enhance the framework....

132. Limassol's real estate boom registers €310M in property sales for Q3 2023

Ask Wire, a real estate and technology expertise company, has conducted an analysis and presented data on property sales in the Limassol district for the third quarter of 2023. ...

133. Kissinger: AI could replace humans in the next 5 years

Henry Kissinger described artificial intelligence as the "biggest challenge of our times," predicting that humanity could be replaced by machines in the next five years....

134. Cyprus tourism thrives with nearly 18% surge in September arrivals

In a promising sign for the country's tourism sector, Cyprus reported a remarkable 17.9% increase in tourist arrivals during September 2023 compared to the same month in 2022....

135. 4-day workweek success and AI's future impact, according to an EY veteran

Riaz Shah, a four-decade member of EY (Ernst & Young), now engaged in global projects, with a particular focus on education and startup entrepreneurship, took center stage at the 6th Digital Agenda Cyprus Summit....

136. Grazer takes crown in Alaska's Fat Bear Week

A "gutsy" brown bear described as "thicker than a bowl of oatmeal" has been crowned the champion of Alaska's annual Fat Bear Week competition....

137. Government to expand workforce in 2024

In the 2024 budget, authorities anticipate total general government revenue of €13.2 billion and expenditures of €11.8 billion, resulting in a fiscal surplus of €659 million, equal to 2.2% of GDP. ...

138. New code of conduct for officials Introduced

The Council of Ministers has officially adopted the Code of Conduct for government members, announced the Deputy Government spokesman. This development signifies a significant step towards establishing a clear set of ethical guidelines within the government....

139. EY Cyprus organised an event on the implementation and implications of the European Corporate Sustainability Reporting Directive (CSRD)

EY Cyprus has organized an event to present the challenges that many Cypriot companies will face in implementing the European Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS). ...

140. Targeted fuel and heating reductions in government's considerations

The Cyprus Electricity Authority has announced a 3% increase in electricity prices for upcoming bills. ...

141. President's silent pension raises eyebrows

Both the President of the Republic and members of Parliament have emphasized the necessity of legislative regulation to put an end to the simultaneous receipt of public employee pensions and salaries by political officials. ...

142. €9.5 million tourism investment shaping Paralimni's future

In a significant development within the Famagusta province, specifically in the municipality of Paralimni, a noteworthy €9.5 million investment project is currently underway in the tourism sector....

143. Cyprus welcomes most tourists among EU countries with 91% of visitors from abroad

In 2022, the EU received 45.8% of all international tourism arrivals in the world, despite representing 3.0% of the world's land area and 5.6% of the world's population, according to the UN World Tourism Organisation (UNWTO) shared by Eurostat on the occasion of World Tourism Day (27 September)....

144. Cyprus tops EU in internet piracy

A recent report from the European Union Intellectual Property Office (EUIPO) sheds light on the concerning issue of internet piracy within the European Union....

145. K. Treppides & Co Ltd and EIMF partner up to offer complimentary studies and assured long-term employment

A unique agreement recently penned between K. Treppides & Co Ltd and the European Institute of Management and Finance (EIMF) offers full-time employment while covering all study costs associated with obtaining EIMF’s accredited Diploma in “Accounting and Financial Management”....

146. EY achieves record global revenue of nearly $50 billion

EY reports record global revenue results of just under US$50b...

147. Rising prostate cancer cases in Cyprus sound alarm bells for men's health

New data reveals a concerning increase in prostate cancer cases in Cyprus, with 656 cases detected in 2020, compared to 550 in 2019. Prostate cancer is the most prevalent form of cancer among European men, a...

148. K. Treppides & Co Ltd: Cyprus financial market recovery or impending closure? Uncovering hidden risks

149. Unlimited data dominates in mobile telephony contracts

In the first half of 2023, over 50% of mobile phone contracts now offer unlimited voice, SMS, and data, highlighting the growing importance of data in these contracts. ...

150. Big on big issues and small on small issues

Are you tired of scrolling and reading throughout long and multiple pages filled with every single detail of each accounting policy your entity of interest is using the last couple of years, only to find what really matters for you in page 25? Don’t get me wrong! I do that for living....