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241. Nikos Christodoulides is determined to solve the Cyprus Problem

The Cyprus Problem is primarily a problem of invasion and occupation. The current situation is inconceivable to be the solution to the problem. ...

242. Funds are investing in Cypriot banks

Investing in Cypriot banks is becoming more common. The progress they have made in terms of the non-performing loan burden they have shed, their capital adequacy, which is characterized as good,...

243. Economic events that will be remembered in 2022

The energy crisis, which intensified after Russia's invasion of Ukraine and resulted in skyrocketing gas prices, took the lead throughout the year....

244. Nikos Christodoulides’ program for the next five years

Cypriots will go to the polls on February 5 to elect the 8th President of the Republic. The campaign began very early compared to previous elections and will intensify during the remaining few weeks. ...

245. Nikos Christodoulides announces his proposals on the Cyprus issue

Nikos Christodoulides, an independent candidate for the presidency of the Republic, has published his positions on the Cyprus problem under the title "For a United Cyprus" today. ...

246. Aretaeio Hospital has been purchased by Hellenic Healthcare Group

Hellenic Healthcare Group has completed its acquisition of Aretaeio Medical Center Ltd....

247. Consulco launches its direct real estate investment services

Consulco, the London investment specialist has launched its direct real estate investment services assisting overseas investors to acquire and manage residential properties in central London. ...

248. Shipping tycoon wants to transfer biz to Cyprus

A Norwegian-born Cypriot billionaire wants to move his shipping company to Cyprus to reap benefits, including an EU-approved tonnage tax regime available only to tax residents of the island, which is scrambling to keep its industry afloat amid sanctions against Russia...

249. Anastasiades pushing for a resolution to the Cyprus problem

President Nicos Anastasiades said on Wednesday he is promoting an initiative with the involvement of the European Union to avert any new Turkish faits accomplis on the island and to create the conditions for a settlement of the Cyprus problem, ahead of elections in Cyprus, Greece and Turkey....

250. Hellenic Bank soon to be under the control of Eurobank

Eurobank is gaining control of Hellenic Bank after purchasing Wargaming's 13.4% stake. With the addition of the 12.6% it held from the purchase of all shares in Third Point Hellenic Recovery Fund in the summer of 2021, it now stands at 26%....

251. Home grown Cypriot company acquired by UK entertainment firm

Born out of their passion for theater, 'Stagedoor' was founded in 2014 by Yiannis Gavrielides (Invelopment Partners, Covve) and Paris Erotokritou (Fresh Target Theatre), along with Michael Hadjijoseph (Stagedoor CEO) and Alex Cican (Stagedoor CPO) who contributed their expertise in technology and product management. ...

252. Both sides calling for talks to resume 'as soon as possible'

Νegotiations for the Cyprus problem should be restarted “as soon as possible”, for a solution only in the framework of a united federal Cyprus, Greek Cypriot and Turkish Cypriot parties said on Wednesday after their regular meeting at Ledra Palace hotel in the Nicosia buffer zone, in the framework of the bi-communal dialogue under the auspices of the Embassy of the Slovak Republic in Nicosia....

253. Small number of banks meeting new loan demand

The net demand for loans from businesses in Cyprus decreased in the third quarter of 2022, and banks anticipate a similar decline in the net demand for loans from businesses and households in all loan categories in the fourth quarter of 2022 compared to the third quarter. ...

254. 14 billion euros of loans on ice due to the suspension of foreclosure sales

In Cyprus, credit purchasing companies manage over 80,000 loans totaling €20 billion....

255. US-Cyprus army cooperation bill heads to the House

A bill that paves the way for further military cooperation between Cyprus and the Unites States reached the House this week, following months of media hype about the island’s intent to help Ukraine with Russian-made missiles, but the specific agreement explicitly excludes weapons systems...

256. Who benefits from the proposed rent-to-mortgage scheme?

The "Rent vs Instalment Scheme", now known as the "mortgage to rent" scheme, is nearing completion, with implementation set to begin in January 2023. ...

257. FTX's European operations suspended indefinitely

The company is taking a wait-and-see approach until further notice in order to deal with FTX International and the more than $8 billion hole it has created...

258. Finance Minister calls for the repeal of foreclosure suspension

The Ministry of Finance proposes delaying the law on divestiture suspension. ...

259. How Turkey's 'Blue Homeland' doctrine came to be

Fresh fuel was thrown onto the already volatile Greek-Turkish relationship in 2019 in the form of a map that was made public in a photograph that had Turkish President Recep Tayyip Erdogan standing in front of it....

260. Twitter: Musk warns of the possibility of bankruptcy

261. Foreclosures on primary residences suspended until February 2023

The Association of Credit Acquisition Companies and Credit Facilities Managers (SEDP) announced on Thursday the suspension of foreclosures on the primary residences of vulnerable borrowers until February 2023. ...

262. €6 million chalet just one of several investments planned for the mountains of Cyprus

The new €6.3 million project in Moniatis, which is looking for a buyer, shows that investment in mountainous areas is picking up steam. With DTA's Guru projects, the creation of the Tree Hotel, hotel acquisitions by Property Gallery, and the restoration of the Berengaria Hotel in Prodromos, interest has recently begun to be more active....

263. Celebrities are leaving Twitter in droves thanks to Elon Musk's takeover

Elon Musk's acquisition of Twitter has some in Hollywood heading for the exit....

264. New Twitter owner Elon Musk fires top execs

Elon Musk became Twitter Inc's owner on Thursday, firing top executives and providing little clarity over how he will achieve the lofty ambitions he has outlined for the influential social media platform...

265. Cyprus renews vaccination pitch as MEPs jab Brussels

A Cypriot top health official told medical professionals over the weekend that the state’s vaccination committee was constantly updating its decisions as new data on COVID-19 jabs became available, but the comments stopped short of stating new policy as criticism towards Pharma and EU bosses is picking up steam...

266. The heart of the ECB beats in Cyprus

The second consecutive visit of European Central Bank President Christine Lagarde in 2022 is certainly semantic. Apart from the visibility of Cyprus being the first visit by Central Bank Governors as part of the decision to visit a country on an annual basis to hold one of their meetings, two other readings emerge....

267. Global fintech market resilient in H1’22 - $107.8 billion in investment, according to KPMG’s Pulse of Fintech

Global fintech investment declined from $111.2 billion in H2’21 to $107.8 billion in H1’22, but remained remarkably resilient compared to historical trends given the challenges affecting the broader investment market, including geopolitical uncertainty, growing inflation, and increasing interest rates. ...

268. Profits of €55.4 million in first half of 2022 for Hellenic Bank

Hellenic Bank reported a profit of EUR 55.4 million for the first half of 2022, compared to a profit of EUR 21 million in the corresponding half of 2021....

269. Cyprus to provide logistical support and services to US naval vessels

The US and Cyprus commemorated on Monday the completion of the Acquisition and Cross Services Agreement (ACSA) between the Republic of Cyprus and the United States of America the Minister of Defence of the Republic of Cyprus Charalambos Petrides and US Ambassador Judith Garber....

270. Employing Turkish Cypriots in ROC can play a key role in reunification

In a letter to Nicosia, the European Commission is calling for the upgrading of skills and the promotion of Turkish Cypriots in specific sectors of employment in the Republic of Cyprus, hoping that such a development will create a win-win situation....