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91. Giuliani believes Burisma bribed people in Cyprus

Former Trump lawyer Rudy Giuliani says people in Cyprus and other countries were paid hush money in a global shakedown of the owner of Burisma in order to keep the Ukrainian energy company above scrutiny...

92. Cabinet approves tax deductions for businesses and extends tax payment deadline

The Cabinet approved several important measures on Wednesday, including a bill on tax rebates for businesses for energy upgrades, an extension of the tax payment deadline, and a suspension of the obligation to file tax returns for individuals with a taxable income below €19,500....

93. Controversial appointments continue: Latest allegations spark public outcry

The reactions regarding the appointments of the Christodoulides government are intensifying day by day, forcing them to take measures in order to address any lingering concerns that may provoke public sentiment....

94. Banks announce measures on interest rates

Since July 2022, lending rates in Cyprus have risen by 3.5%, putting borrowers in a difficult position with dangerously increasing loan repayments....

95. EAC warns of fake employees asking for money

The Cyprus Electricity Authority (EAC) has warned consumers about impostors who pose as its employees or partners and demand money to restore their power supply....

96. Thinking of investing in real estate? Don’t do it.

A lack of financial literacy can lead people to consider investing in direct real estate. This a provocative statement to say the least, so let me explain....

97. Americans will soon need to pay a small fee to enter the UK

U.S. citizens will soon have to apply for permission before their United Kingdom trips and pay a small fee to enter as part of the country's upcoming Electronic Travel Authorization scheme....

98. Nearly 60 million euros in electricity subsidies doled out since September 2022

99. A large number of foreclosure notices to be sent tomorrow

Today, Tuesday, January 31, 2023, marks the end of the most recent three-month suspension of divestments imposed by a resolution of the House of Representatives. ...

100. Herodotou calls for increased vigilance to avert private debt defaults

Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) called for the preservation of fiscal space, as the economic prospects are deteriorating due to Russia’s war in Ukraine....

101. Tech companies calling for employee naturalizations after 5 years

Following the 2023 Presidential Elections and the resumption of the meetings of the House of Representatives, ICT companies will begin "pushing" for the right to apply for naturalization after 5 years of residence and work in the Republic of Cyprus,...

102. What did Cypriot consumers purchase in 2022?

Cashless transactions have significantly increased since businesses are now required to accept credit or debit cards. Card payments now account for approximately 72% of all commercial transactions, rather than cash. ...

103. Wolt responds to their delivery personnel strike

In recent hours, images of delivery people from a particular digital platform participating in a protest march have circulated online, raising questions about the organizational structure for delivery persons in the restaurant and digital product distribution industries. In this instance, it is Wolt employees. Akis Stamoulis, the company's communications manager, responded to "K's" specific questions....

104. Cyprus retail sector continues climb despite inflation

Black Friday, with its high levels of traffic and shopping, appears to have given way to the Christmas holiday season. The market is still moving well, with increased foot traffic in shopping malls and main streets....

105. The 2023 Budget in the vortex of the elections

The government of President Anastasiades has just submitted its final budget, for 2023. DISY will undoubtedly support the budget, but it will be interesting to see what position it will take if and when the polls are confirmed....

106. 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,...

107. Zuckerberg says 'sorry' as Meta lays off 1,000 employees

Facebook parent company Meta on Wednesday said it is laying off 11,000 employees, marking the most significant job cuts in the tech giant’s history....

108. Israel clinches deal with Lebanon, Cyprus still at bay

The eastern Mediterranean was on a roll this week after US mediation managed to get broad acceptance for an Israel-Lebanon maritime demarcation deal, but Tel Aviv still faces another challenge only weeks before elections as not everyone is at ease with similar arbitration efforts to resolve a dispute with Cyprus...

109. 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. ...

110. Cypriot minister lashes out at ‘populist’ lawmakers

Cypriot Finance Minister Constantinos Petrides lashed out at lawmakers on Tuesday warning against “dangerous and unrestrained populism” after members snubbed a presidential veto on three crucial pieces of legislation...

111. Cyprus requests disbursal of €85 million in RRF funds from EC

The European Commission announced it received on Thursday the first payment request from Cyprus under the Recovery and Resilience Facility (RRF) for the disbursement of €85 million in financial support (net of pre-financing), ...

112. EU to make solar panels mandatory on all new buildings

Solar panels could soon be mandatory on all new buildings in the European Union under a new proposal aimed at rapidly replacing its reliance on Russian oil and gas supplies with renewable energy....

113. Russia defaults on foreign debt for the first time since 1918

Russia has defaulted on its foreign debt for the first time in more than a century as the country can't pay creditors due to sanctions over the war in Ukraine, according to media reports. ...

114. Cost of living crisis pushing people to become Airbnb hosts

A recent study by Airbnb conducted with more than 70,000 EU hosts and guests reveals for the first time that the cost-of-living crisis is pushing people to become hosts on Airbnb....

115. Europe agrees to ban 90% of Russian oil

European Union leaders agreed Monday to embargo most Russian oil imports into the bloc by year-end as part of new sanctions on Moscow worked out at a summit focused on helping Ukraine with a long-delayed package of new financial support....

116. Cyprus will request EC permission to implement mortage-to-rent scheme

Cypriot authorities plan to submit in June an official request to the European Commission for the implementation of a mortgage-to-rent scheme, aiming to address non-performing loans collateralized by primary residences and SME business premises with an estimated contractual value of €3 billion....

117. Greece sets price ceiling on electricity

The government is to introduce a price ceiling on the wholesale electricity market as the request for coordinated measures at the European level, which was reformulated on Monday at the Extraordinary Council of Energy Ministers by Energy Minister Kostas Skrekas, did not appear to gain traction....

118. EU states divided over Russian oil sanctions

The European Union was preparing sanctions on Russian oil on Monday, with possible exemptions for wary countries, and warned that complying in full with Moscow's proposed scheme to receive gas payments in roubles would breach existing EU sanctions....

119. Anastasiades: The protection of employees' rights is a priority

President Nicos Anastasiades on Sunday listed a number of government policies and strategies as well as decisions in favor of laborers, as he addressed an event organized by trade union SEK in honor of Labor Day at the village of Amiantos....

120. Cyprus energy hub hopes hanging by a thread

Nicosia is eagerly awaiting news any day now that could potentially revive the island’s hopes in the energy game, with all eyes on whether a UK-based company with contracts in Israel could find enough gas to bypass red tape and send some of it to a friendly neighbor’s hub...