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1. Keravnos urges banks to restructure loans and keep rates low

Cyprus Finance Minister Makis Keravnos has urged banks to restructure loans, maintain low lending rates and bank charges, and increase deposit rates in light of continued basic rate hikes by Central Banks. He warned that otherwise the government "would make different thoughts."...

2. Tax evaders beware of what you post on social media

According to a report in the Sunday edition of realnews.gr, the Greek Government plans to identify hidden income earned by individuals and companies that conduct business online. ...

3. Clocks in Cyprus spring forward this weekend

Residents in Cyprus will lose an hour of sleep after Daylight Saving Time goes into effect Sunday morning, with European officials and public opinion still divided on whether there is value in switching back and forth at all...

4. Sir Stelios awards 10 bi-communal teams once again

Sir Stelios Haji-Ioannou, founder and president of the Stelios Philanthropic Foundation, awarded 10 bi-communal teams, consisting of 10 Greek Cypriot and 10 Turkish Cypriot business people, who stood out in the “Stelios Bi-Communal Awards for Business Co-operation 2023”....

5. Whistleblower jailed in Cyprus says Hunter had mole in FBI

An Israeli professor under house arrest in Cyprus has made more explosive allegations against Hunter Biden, prompting US lawmakers to investigate the first son’s alleged connections with the FBI through a mole known as 'One-Eye'...

6. High prices continue to plague the market

7. Bank stores bags of stone instead of $1.3 million worth of nickel

The London Metal Exchange revealed a surprising mix-up last week at a warehouse in the Dutch port city of Rotterdam....

8. BBC staff urged to delete TikTok app

The BBC said Monday that it had told staff to delete the Chinese-owned video app TikTok unless it was needed for business reasons, with Western institutions increasingly taking a harder stance over data collection fears....

9. Michael Kyprianou Advocates – Legal Consultants announces opening of office in Tel Aviv

Cyprus’ leading law firm Michael Kyprianou & Co LLC announces the opening of a new international branch in Tel Aviv, Israel, further expanding the firm’s global reach....

10. One in two Cypriots considers it easy to start a business

Approximately one in two Cypriots considers it easy to start a business in Cyprus, according to the Global Entrepreneurship Monitor (GEM) Cyprus Report 2021/2022...

11. 1 billion euros from the EU for Turkey's reconstruction

Ursula von der Leyen, President of the European Commission, and Ulf Kristerson, Prime Minister of Sweden, who holds the EU Council presidency, are hosting a donors' conference in Brussels today to raise funds and coordinate aid to those affected by the earthquakes in Turkey and Syria....

12. Italy weighs in as Cypriot fund goes after Lukoil plant

An Israeli-backed Cypriot fund’s deal to buy a Lukoil-owned refinery in Italy is hanging in the balance ahead of a Cabinet meeting in Rome possibly this week, when veto powers would be weighed against energy hub aspirations that could replace Russian gas and put the final nail in the coffin of a proposed EastMed pipeline...

13. UK to require travel authorization from Nov 2023, exempting EU citizens

The United Kingdom authorities have announced that the country will introduce a travel authorization requirement – the Electronic Travel Authorisation (ETA) – in November 2023, but this will not apply to EU nationals until next year....

14. Ireland celebrates the 100th anniversary of St. Patrick's Day

Today, March 17th, 2023, marks the 100th anniversary of St. Patrick's Day. And the Irish Embassy in Cyprus did not disappoint by pulling out all the stops to celebrate St. Patrick's Day in style. ...

15. Majority of goods transported by sea in Cyprus and the EU in 2021

In 2021, maritime transport accounted for more than two-thirds (68%, 5 135 billion tonne-km; tkm) of the EU’s freight transport, the lowest share recorded in the past decade according to data released by Eurostat, the statistical service of the EU....

16. Worker bleeds to death in glass factory accident

An employee at a glass factory in Larnaca was killed in a work accident on Thursday, after he was fatally wounded by an oversized glass pane that shattered as it was being moved...

17. Credit Suisse borrows more than $50 billion from Swiss National Bank

Credit Suisse’s shares soared 30% on Thursday after it announced it would move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank, bolstering confidence as fears about the banking system moved from the U.S. to Europe....

18. March Newsletter of K. Treppides & Co Ltd: CySEC

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

19. TechIsland Association Launches the 1st Annual TechIsland Awards to recognize outstanding contributions to the tech industry in Cyprus

The TechIsland Association is excited to announce the launch of the TechIsland Awards, a new annual award program designed to recognize and celebrate the outstanding contributions of individuals, companies, and projects that are making a significant impact on the development and growth of the tech and innovation industry in Cyprus....

20. HSBC buys failed Silicon Valley Bank in bid to stem fallout

Governments in the UK and the U.S. took extraordinary steps to stop a potential banking crisis after the historic failure of Silicon Valley Bank, even as another major bank was shut down....

21. Real estate trends in 2023

Increased inflation, rising interest rates, rising building costs, rising property values, a slight decline in new development approvals, a slight decline to stabilization in the unemployment rate, a slight increase in GDP, and a slight decline in private lending are just a few indicators of the (very) general economic picture....

22. Digital app to compare product prices in the works

Following the withdrawal of the Household Basket proposal in Cyprus, the Consumer Protection Service is now promoting the preparation of a bill for the implementation of a digital tool that will enable the daily comparison of retail prices of products....

23. International university students visit Eurogate’s facilities at Limassol Port

Students from various US academic institutions received a tour of the facilities of Eurogate Container Terminal Limassol Ltd. ...

24. Investigation into understaffing in the tourism industry is imminent

The start of the summer travel season is anticipated to occur around the end of March or the beginning of April, along with the reopening of hotel facilities that were closed during the winter....

25. Criticism grows as Europe pushes to restrict cars in cities

In an effort to ease traffic congestion and curb greenhouse gas emissions causing climate change, municipalities from Barcelona to Brussels have embarked on what has been called a “transportation revolution.”...

26. EY Cyprus a Gold Sponsor at the 6th Annual Capital Link Cyprus Shipping Forum

EY Cyprus was, once again, a gold sponsor of the 6th Annual Capital Link Cyprus Shipping Forum, which was held at the Columbia Plaza, in Limassol, on Tuesday, March 7th 2023....

27. Exness opens internship positions for university students

Exness, a global, Limassol-based fintech company specializing in trading, has announced its Cyprus summer internship program. This is the second year the leading multi-asset broker offers junior-level positions to students who want to gain working experience in their field studies. ...

28. ECOMMBX welcomes former CySec Chairwoman to its Board

ECOMMBX, a progressive Electronic Money Institution based in Nicosia, known for it forward-thinking and customer-centric corporate culture, is proud to welcome a new member to its board: Ms Demetra Kalogerou (BSc, MSc, MPhil)....

29. Porsche Cyprus celebrates women

In a unique and wonderful evening event on March 2nd, 2023, A.I. Motokinisi Ltd., the official importer and distributor of Porsche cars in Cyprus, welcomed distinguished guests, partners and media representatives at the Porsche showroom in Nicosia. The event was held on the occasion of the upcoming International Women's Day on March 8th, in order to honour the woman and her role in today’s era....

30. TechIsland equipped a new computer class in the Arakapas school after the wildfire

Non-profit organization TechIsland rebuilt the Regional Primary School in Arakapas, which suffered from a terrible wildfire. The organization has invested more than 200 000 euros in renovating the school. TechIsland also contributed to the opening of a computer class with the help of Asbis, one of the board members of the company. ...