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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. South Korea launches first self-sailing container ship

South Korea's strides in maritime technology are showcased with the development of a groundbreaking container ship capable of autonomous navigation, marking a significant leap forward in the industry, ...

3. Pillar two readiness and technology

As per our previous publications and alerts, we had the opportunity to communicate a significant development - the introduction of BEPS 2.0 Pillar Two or Global Minimum Tax. The European Union unanimously adopted a directive in December 2022 (the ''Minimum Tax Directive''). ...

4. Forty percent of global jobs face disruption because of AI

Artificial intelligence (AI) is poised to reshape the global job market, potentially affecting 40% of jobs worldwide, according to the head of the International Monetary Fund (IMF), Kristalina Georgieva....

5. Home building costs up by 20%, insights for buyers

Geopolitical developments, marked by conflicts in Ukraine and Gaza, have led to a notable surge in house prices, revealing a 20% increase in construction costs since 2019,...

6. Larnaca's technical school breaks ground after six-year delay

After a prolonged six-year wait, construction on the new Technical School of Larnaca is set to kick off this spring in the Aradippou area, near the Rizoelias roundabout. ...

7. Joseph Borghese receives 'Académico Honorario' title from Mexico

Joseph Borghese has been honored as the first Cypriot to receive the esteemed 'Académico Honorario' (Honorary Academic) title from Mexico. ...

8. Bill Gates predicts a 3.5-day work week with AI

In a recent podcast, Bill Gates countered job loss concerns due to artificial intelligence, suggesting it might lead to a more relaxed work schedule....

9. Co-founder of Foody shares inspiring start-up journey

Michalis Economou, a co-founder and former CEO of Foody, Cyprus's largest food ordering and delivery platform, recently recounted their remarkable start-up journey at the Digital Agenda event....

10. TechIsland launches CY Guide Chatbot powered by LoqosAI

TechIsland, the largest tech association in Cyprus, announced the launch of version 1.0 of the ''CY GUIDE Chatbot'' powered by LoqosAI. ...

11. New student dorms to transform old town Nicosia

The Mayor of Nicosia, Constantinos Yiorkadjis, and the director of the company "OIKODOMIKES EPICHEIRISEIS STAVROS A. STAVROU LTD" have signed contracts for the construction of new student dormitories in the city....

12. City of Dreams Mediterranean partners with Cablenet

13. ChatGPT shares grim predictions of how humanity could be wiped out

As tech experts warn that the rapid evolution of artificial intelligence could threaten humanity, OpenAI's ChatGPT weighed in with its own predictions on how humanity could be wiped off the face of the Earth....

14. AI pioneer regrets contribution to field, quits Google over concerns

The man often touted as the godfather of AI has quit Google, citing concerns over the flood of fake information, videos and photos online and the possibility for AI to upend the job market....

15. Are you ready for ChatGPT to take over your job?

Since its release in November of last year, OpenAI's ChatGPT has been used to write cover letters, create a children's book, and even help students cheat on their essays....

16. Generative AI could automate 300mn jobs

According to a report in the Financial Times, Goldman Sachs has found that "generative" AI systems such as ChatGPT could lead to the automation of a quarter of the work done in the US and eurozone....

17. EU sending experts to help Greece improve rail safety

The European Union is sending experts to Athens this week to help the country improve safety on its rail system in the wake of last week’s deadly collision between two trains in central Greece...

18. 400-500 Hellenic employees to be made redundant

On Monday, November 24th, 400–500 voluntary employees will depart Hellenic Launches; this will be the final shift provided by the bank....

19. 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. ...

20. Self check-in and robots - the future of tourism in Cyprus

21. Wired's Jeremy White at the Digital Agenda Cyprus Summit

Jeremy is the senior innovation editor of renowned technology magazine Wired. As an expert in analyzing and evaluating new technical trends, Jeremy is considered a prominent speaker in the areas of artificial intelligence, cybersecurity, automation and 'web 3'....

22. Bank of Cyprus offering voluntary retirement plans for up to 600 employees

The Bank of Cyprus is offering a Voluntary Retirement Plan to 500 - 600 employees of its employees in the hopes that it can reduce its number of employees in order to maintain profitability. ...

23. Bank of Cyprus Drives Sustainable Digital Innovation in Financial Services with Kyndryl

Kyndryl, the world's largest IT infrastructure services provider and Bank of Cyprus, the leading banking and financial services group in Cyprus, announced an agreement to expand their collaboration with a new five-year managed IT services program that advances the Bank’s ESG commitments through 2030, by supporting the Bank’s levels of service, giving access and visibility to its products to all stakeholders....

24. K. Treppides & Co Ltd: Digitalization of the Global Tax Administration

In the era of the coronavirus pandemic, the digital revolution, and the ever-evolving globalization, the digitalization of the tax administration seems to be a one-way route. But what exactly is the digitalization of the tax administration and how this will affect the tax function around the globe?...

25. EBO and KPMG Cyprus announce strategic partnership

EBO, a leader in customer engagement automation that empowers enterprises through AI technology enters into a strategic partnership with KPMG Cyprus, a leader in Management Consulting & Technology Advisory services offering assistance to organizations by identifying and solving the challenges that stand in the way of their growth and excellence....

26. EY and Hult International Business School announce new Masters in Business Analytics, free for all EY people

EY, in association with Hult International Business School, today announces a brand new, fully accredited Masters in Business Analytics, available to all 312,000 EY people free of charge and regardless of rank, tenure or location....

27. Buses in Nicosia and Larnaca go 5G

Connecting to a Wi-Fi network with 5G speed will now be possible for passengers of the Cyprus Public Transport buses. ...

28. How can banks use smart automation to improve customer service?

In all industries, there are often many tasks that require the attention of employees, but do not fully utilize their skills, such as archiving, entering data or replying to a routine email....

29. The new investment game

Accelerating the transition to a green economy is a no-brainer. It is no coincidence that it accounts for 36.3% of the total budget of the Recovery and Sustainability Plan...

30. Bank of Cyprus to impose new and increased fees from February 15, 2022

Bank of Cyprus will be imposing new and increased fees by February 2022, adopting the general trend of the European banking sector of increasing bank charges to cover a reduction of income stemming from low interest rates....