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1. AstroBank's record-breaking year: €30.4M in profits for 2023

AstroBank reported Profit After Tax of €30.4 million for 2023, representing a return on equity (RoE) of 13.9%, compared with €12.2 million and RoE of 6.2% for 2022, achieving an increase on profit of 150%, mainly due to increased interest income....

2. Green marketing: The truth behind eco-friendly claims

The deceptive practice of greenwashing, aimed at misleading consumers about the environmental qualities of products or services, is drawing increasing scrutiny....

3. Apple's plan for smart home robots unveiled

Apple is currently working on a venture into household robots, which might become the company's "next big thing" after the Vision Pro headset and having abandoned its decades-long effort to develop a self-driving electric automobile. ...

4. Porsche Cyprus elevates auto unveilings with Panamera reveal

Porsche Cyprus unveils the new Porsche Panamera....

5. Cyprus' economic resilience earns high credit rating confirmation

International rating agency Morningstar DBRS has confirmed Cyprus’ BBB (high) long-term credit rating with a stable trend, noting that favourable economic prospects balance downside risks. ...

6. Apple u-turns on EVs, shifts gears to focus on AI

Apple has reportedly halted its decade-long secretive project to develop electric vehicles (EVs), redirecting efforts towards its artificial intelligence (AI) division....

7. Stellantis Group shifts gears in Cyprus, hands dealerships to CIC Automasters

In a significant development for Stellantis Group's car dealerships in Cyprus, the renowned global car manufacturer is set to transfer operations to CIC Automasters Group. ...

8. Greek islands open up for Turkish travelers

Watching their faces and listening to the statements of Kyriakos Mitsotakis and Recep Tayyip Erdogan after their meeting on Thursday, one could ask what all the tension of the past few years was about....

9. Erdogan's son-in-law spotted aboard US Military Vessel

The son-in-law of the Turkish president and self-proclaimed entertainer, who comes from a family business but also made his own way, is a conservative supporter of Ottoman tradition and a pioneer. ...

10. Tesla Model X resurrects in Ukraine after totaling in the U.S.

A Tesla Model X totaled in the U.S. late last year suddenly came back online and started sending notifications to the phone of its former owner, CNBC Executive Editor Jay Yarow, months later....

11. Retail trade soars by 8.4% in June

Retail trade turnover increased by 8.4% in value and 6.4% in volume in June 2023 compared to the corresponding month of 2022, according to data presented by the Statistical Service on Tuesday....

12. Farewell Fiesta! A legendary journey comes to an electric end

The production of the last Ford Fiesta at the Cologne plant on Friday marks the "end of an era" for a model that has been a best-seller in Europe for 47 years, selling millions of units....

13. Illegal construction scandal uncovered in Akamas

The data collected and presented by "K" regarding the illegal construction interventions within the Akama Forest, a protected area designated as a white zone based on a plan from the 1980s, prove the tip of the iceberg. ...

14. F-35 approval halted until after Vilnius

Washington’s concern over upsetting Turkey and jeopardizing Sweden’s NATO membership appears to have drawn the Greek F-35 issue into the mix, delaying the official congressional notification, Kathimerini understands, until after the Vilnius Summit in July...

15. Porsche Cyprus celebrates the Grand Opening of the new corporate architecture concept ''Destination Porsche'', in Limassol

It is the fourth Porsche Centre under the new retail ''Destination Porsche'' concept in the Central and Eastern Europe region and amongst first in the world. ...

16. The 'controversial' e-kalathi bill: House and stakeholders remain unconvinced

The e-kalathi bill fails to convince the House and stakeholders. Yesterday, the Commerce Committee of the House of Representatives held discussions on the matter, with Minister of Energy, Commerce, and Industry George Papanastasiou present....

17. Bill for 'e-Kalathi' product price comparison app submitted for Cabinet approval

The bill for the implementation of a digital tool that enables daily information on retail prices and product comparisons is ready for submission to the Cabinet....

18. Why EVs are a flop in Cyprus … so far

It's only a 150-kilometer drive across Cyprus; well below how far an average electric vehicle can drive on a single charge. Range anxiety — a major barrier in the shift to EVs — shouldn't be a thing....

19. EU states facilitating employment of third country nationals to ease labor shortage

The European Union’s population is aging. The factors behind this phenomenon are many, but the declining fertility rates and the increased life expectancy, along with migration to countries like the United States, the United Kingdom, Canada, and Australia, are the main ones....

20. Foreign Direct Investment in Europe a game of two halves: current volatility impacts strategy while long-term appeal instills confidence

Europe’s attractiveness for FDI has shown signs of recovery following the COVID-19 pandemic with a 5% increase in the number of projects announced in 2021 compared to 2020, according to the latest annual EY European Attractiveness Survey....

21. Germany dims lights as it leads Europe in saving energy

Summer nights in the wealthy Bavarian city of Augsburg this year are eerily dark and quiet: The facades of historic buildings are not illuminated, street lights are dimmed and most of the fountains are not operating....

22. Top position in luxury car sales for Porsche and A.I. Motokinisi Ltd in Cyprus

Porsche Cyprus in a leading position in terms of sales in the first half of 2022...

23. Op-ed: America has more guns than any other country

America has been shaken — once again — by mass shootings. On May 14, a gunman killed 10 people in a supermarket in Buffalo. On Tuesday, at least 19 children and two adults were killed in Uvalde, Texas. ...

24. Consumers to buy directly from automaker, not from dealer

Mercedes-Benz has reached an agreement with its European dealers to switch to a new dealership model, in which customers will buy directly from the automaker and not from the dealer, the German brand said....

25. 8 feel good stories from the conflict in Ukraine that will inspire and give you hope in humanity

From charities and governments to celebrities and everyday people, millions are pitching in to ease the burden for fleeing or sheltering Ukrainians. In turn, they’re inspiring the world with their generosity and strength....

26. KPMG in Cyprus partners with Salesforce

KPMG in Cyprus signed a partnership agreement with Salesforce and became the 20th Member Firm to officially join the KPMG Salesforce ecosystem....

27. Thousands of property assets in Greece are up for auction

The Greek property market is about to welcome a host of new offerings as the companies that manage loans secured on properties either for banks or the funds that have acquired them are resuming online auctions in large numbers....

28. COVID-19 is adding new impetus to finance transformation

29. EAC crucial to Cyprus' energy reform, energy minister says

The role of the Electricity Authority Cyprus is crucial to both the implementation of the energy reform in Cyprus and the joint effort for sustainable economic development, which must now be interconnected with green energy, energy minister Natasa Pilides said, addressing an online press conference during which the EAC presented its annual report for 2019. ...

30. EY and P&G expand COVID-19 alliance

EY announces an expanded alliance with P&G to transform and build supply chain resilience during and beyond the COVID-19 pandemic...