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31. Hollywood executives brace for ‘year of turmoil’ in 2023

Hollywood executives are bracing for a brutal “year of turmoil” as the entertainment business faces the combined threat of an economic recession, slower streaming growth, a cinema industry on life support and a potential writers’ strike....

32. 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....

33. Boris Becker released from UK jail, will be deported

Former Wimbledon champion Boris Becker has been released from jail today and will be deported from the UK, according to the PA news agency....

34. Cyprus airways unveils strategic plans, new routes

Cyprus Airways on Wednesday unveiled its five-year strategic plan announcing the expansion of is flight schedule to five new routes, namely Milan, Zurich, Prague, Basel, and Cairo...

35. Cyprus to extend FTX EU license suspension

Cyprus’ securities regulator plans to extend the suspension of the license of FTX EU and will meet to discuss the matter next week, a spokesperson said on Tuesday...

36. 'FTX-style crypto crash won’t happen in Europe'

The cryptocurrency world is reeling after the collapse of crypto exchange FTX — but EU policymakers are patting themselves on the back....

37. World's largest crypto exchange platform to set up shop in Cyprus

The FTX bankruptcy scandal a few weeks ago rocked the entire crypto world to its core, after its founder Sam Bankman-Fried, the "wonderboy" of the crypto trading world,...

38. 'The suspension of foreclosure sales is tragic for the country'

Bank of Cyprus CEO Panicos Nicolaou described Cyprus's decision to extend the suspension of divestments as "tragic."...

39. Investors lost $1 billion on FTX, prompting calls for industry regulation

The turmoil in the cryptocurrency world continues unabated following the bankruptcy of the FTX platform, which landed its founder, Sam Bankman-Freid, bankrupt almost overnight. ...

40. 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...

41. Twitter: Musk warns of the possibility of bankruptcy

42. 'Cyprus made': When to expect the branded products

Local products can now be branded as Cypriot-made. After a year of work, consultations, and procedures, as well as research into international examples, a new brand name for Cypriot products has been developed: Cyprus Made - Unique by origin....

43. Cypriot airlines dismiss rumors after Bloomberg article

Airlines operating out of the Republic of Cyprus reportedly have denied rumors that they could be going under, following trouble with Romanian Blue Air and a Bloomberg report warning about the island’s two carriers...

44. Yiorkio finds patron after years of rejection

Nicosia’s abandoned luxury hotel Yiorkio Residence has been sold to a group focusing on upscale living, with reports saying the bidder is shelling out €20 million to acquire one of Cyprus’ real estate puzzles...

45. What is Turkey up to?

This summer, for the first time in many years, the omens concerning Greek-Turkish relations are particularly gloomy. There are many objective reasons why Turkey causing a heated incident is not the most likely scenario;...

46. The end of an era as Revlon files for bankruptcy

The US cosmetics group Revlon has filed for bankruptcy protection after battling supply chain problems and failing to compete with celebrity-backed and social media-savvy upstarts....

47. Boris Becker faces jail term for failing to declare his millions

Three-time Wimbledon champion Boris Becker could be sent to jail today as he faces a sentence for flouting the terms of his 2017 bankruptcy....

48. Russian bank subsidiary in Europe collapses

While the Moscow Stock Exchange remains closed for a third straight day and the ruble is losing value inside and outside Russia, heading back to Monday's record low again, the ECB yesterday confirmed the first bankruptcy of a subsidiary in Europe caused by sanctions and massive withdrawals. ...

49. Cypriot pilot who ditched lawyer goes after state

A Cypriot commercial pilot who single-handedly took his case to ECHR saying he was wrongfully dismissed more than two decades ago is now suing the Republic of Cyprus for unfair trial following a decision by the country’s Supreme Court to reopen appeal proceedings...

50. Cyprus president nixes luxury car use for top civil servants

Cyprus’ president has scrapped plans to grant free-of-charge, around-the-clock use of state-financed luxury vehicles to top civil servants amid a public outcry over a perceived waste of taxpayers’ money, a government spokesman said Monday....

51. President Anastasiades warns over restrictions for unvaccinated persons

Cyprus President Nicos Anastasiades warned on Saturday over possible restrictions for unvaccinated persons, stating that some people should realize that they also have a social responsibility....

52. The eternal unfinished buildings in our cities

Driving in some areas of Cyprus, we can see some skeletal buildings that "stand" there abandoned for many years and it makes us wonder why they were left there to rot....

53. Hertz orders 100,000 Tesla cars

Hertz Global Holdings Inc., placed an order for 100,000 Teslas in the first step of an ambitious plan to electrify its rental-car fleet,...

54. International Luxury Property and Residency Conference

55. ECB tells Cyprus lawmakers to get it right

Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that 'such policies can also backfire and destabilize the banking sector if designed in a haphazard manner'...

56. Bankrupt Cyprus Mines saga continues

Insurers who could be left footing the bill for personal injury litigation against former talc miner Cyprus Mines Corporation are challenging the company's proposed candidate to represent future tort claimants...

57. S7 looking to drop Cyprus Airways

The future of Cyprus Airways is once again up in the air following reports that its Russian private shareholder S7 is looking to sell its entire stake in the Larnaca-based Charlie Airlines...

58. IMF: Withdrawal of support measures should be gradual

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities from March 8–29, 2021 to discuss recent economic developments and policy priorities on the island. In an interview with Kathimerini Cyprus, IMF mission chief for Cyprus, Anita Tuladhar, said the longer the recovery period in sectors related to tourism, the greater the chance that permanent scars will remain in the economy of Cyprus. Tuladhar also noted the importance of state-sponsored programs to support the economy....

59. Cyprus Mines insolvency deal under scrutiny in US

Cyprus Mines Corporation which filed for bankruptcy in the United States following hundreds of asbestos lawsuits has rejected accusations that a committee representing claimants was acting in bad faith, but lawyers representing victims are calling on a judge to rework a deal under intense scrutiny...

60. From Bismarck to Merkel

'Turks and Germans loved each other for a long time,' Turkish President Recep Tayyip Erdogan said during a visit to Berlin in 2018. He was citing the historic words of Germany’s first chancellor, Otto von Bismarck, which still seem to determine Berlin’s policy on Ankara. We should recognize this reality as we enter a new geopolitical era, without succumbing to sentimentalism and spasmodic reactions....