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931. Government subsidies for electric vehicles

The car market is going through a difficult period, as evidenced by the statistics of new motor vehicle registrations....

932. Actualizing the ESG proposition The journey towards sustainability, resilience and purpose

933. Reduction of electricity VAT from 19% to 9%

Finance Minister Constantinos Petrides said on Thursday that the Government has notified the EU’s VAT Committee over its intention to reduce VAT on household electricity bills from 19% to 9%...

934. Digital CovScan will be mandatory by the 22nd of November

Following the decision of the Council of Ministers to carry out SafePass checks through the CovScan Cyprus application, the Ministry of Health is reminding the public that the use of the application becomes mandatory from Monday, November 22, onwards....

935. The association of retail companies requests exemptions to CovScan

Following the ruckus in retail businesses during the first days of the CovScan check, companies continue to document problematic issues arising from the verification requirement. ...

936. Supermarkets disagree with CovScan and ask for instructions

Supermarket owners are asking the Minister of Health for instructions on how to implement CovScan, but they are underlining their opposition to this measure and the adoption of any additional measures to support its implementation....

937. Bilateral agreements needed for the repatriation of migrants

DISY President Averof Neophytou said on Wednesday that Cyprus should speed up bilateral repatriation agreements with countries in order to ensure public safety....

938. Retailers furious over CovScan’s glitchy start

A controversial android app pushed by the government to help businesses authenticate Safe Pass holders had a rough first day on Monday, with retailers upset over reported failures ranging from vaccinated documents being flagged as invalid to two different devices scanning the same QR code but giving different results...

939. CovScan Cyprus starts running on trial basis

Door greeters at supermarkets started using the android app CovScan on Monday to verify the authenticity of their customers’ Safe Pass documents, but the program will run on a trial basis for two weeks following criticism that consumers and businesses had little time to prepare...

940. CovScan Cyprus mandatory but questions remain

Door greeters at supermarkets and other businesses will have to use an android app when checking Safe Pass, according to a Cabinet decision, but the policy going into effect on Monday has left many questions unanswered with citizens calling even pharmacies to get the latest scoop...

941. Latvia declares state of emergency due to explosive spread of the coronavirus

Authorities in Latvia have declared a state of emergency for three months due to the resurgence of record-breaking new coronavirus infections, while COVID-19 vaccination rates remain among the lowest in the European Union. ...

942. Cyprus’ civil service secret out in the open

Thousands of civil servants have been found to run private businesses or direct companies without permission from the state, with officials calling on violators to comply with the law and some politicians calling for an investigation into possible conflicts of interest...

943. Announcement of Appointment of Directors & Senior Managers in K. Treppides & Co Ltd

The Management of K. Treppides & Co Ltd is committed to develop leaders who derive from own people and who pursue excellence in the provision of high quality specialised and unique services. ...

944. Less red tape for asylum seekers but no new options

Labor minister Zeta Emilianidou says her office has simplified paperwork for the hiring of asylum seekers, but the country's chamber of commerce says cutting red tape and shuffling less paper does not solve staff shortages in fields that are still inaccessible to those applicants...

945. New measures to attract new businesses and property purchases

The day before yesterday, YPOIK announced a new support package aimed at attracting foreign companies to operate in Cyprus....

946. 6.3-magnitude quake rocks Crete

An earthquake with a preliminary magnitude of 6.3 on the Richter scale hit Crete on Tuesday afternoon...

947. Outage highlights how vital Facebook has become worldwide

In Lima, Peru, the breakdown complicated dental technician Mary Mejia’s job. Like most Peruvian medical workers, she uses WhatsApp for a multitude of tasks, including scheduling appointments and ordering crowns....

948. Europol cracks down on human trafficking

Two hundred and sixty-nine (269) potential victims of exploitation were identified during Europol's eight-day, coordinated pan-European action to crack down on trafficking in human beings and labor exploitation in the agricultural sector,...

949. Three-quarters of earthquake-stiken homes on Crete temporarily uninhabitable

Engineer inspections of homes damaged in Monday’s 5.8-magnitude quake earthquake on Crete have established that three-quarters of them are temporarily uninhabitable....

950. K. Treppides & Co Ltd: Renewed European finance strategy and implementation of the action plan on financing sustainable growth

The European Commission adopted on 21 April 2021, a comprehensive package of measures to help improve the flow of money towards financing the transition to a sustainable economy, whereas these measures will be instrumental in reaching climate and environmental targets as well as vital for economic recovery from the COVID-19 pandemic. ...

951. EU and US convene in first Trade and Tech meeting

The United States and the European Union hope to discuss chip shortages, artificial intelligence and tech competition issues during the first Trade and Tech Council meeting this week,...

952. EY reports global revenues of US$40b in 2021 and outlines record US$10b investment plan over next three years

EY announces combined global revenues of US$40b for the financial year ended June 2021 (FY21), an increase of 7.3%, a solid result given the global economic impact caused by the COVID-19 pandemic. ...

953. Global CEO confidence returns to pre-pandemic levels

CEOs of the world’s largest businesses are increasingly optimistic about the outlook for their own business and despite the Delta variant slowing down the ‘return to normal’, their confidence in the global economy has returned to levels not seen since the start of the pandemic....

954. EY announces the launch of EY Entrepreneur Of The Year™ in Cyprus

EY Cyprus is pleased to announce the launch of the EY Entrepreneur Of The Year™ program for the first time in Cyprus. With this launch, the ultimate global competition for entrepreneurs officially opens today for nominations. ...

955. 10% reduction in electricity costs

The Minister of Energy, Trade and Industry, Ms. Natasa Pileidou, today announced a series of measures designed to ease the skyrocketing costs of electricity in households and business....

956. Weekend News Roundup

Here are a few of the stories that made news in Cyprus over the weekend....

957. EY and IIF survey shows climate change top concern for banks

958. KPMG and CIM offered 2 academic scholarships

959. K. Treppides & Co Ltd: Cryptocurrency

If you do a quick search on the internet on how many people have become “Bitcoin Millionaires” you will be inundated with stories of young individuals who invested their pennies some years ago and have now struck it rich. Currently there are over 100,000 accounts that hold US1,000,000 or more in Bitcoin....

960. Massive forest fire ravages Greek island

Firefighters and residents battled into the night Monday for a seventh day against a massive fire on Greece’s second-largest island as the nation endured what the prime minister described as 'a natural disaster of unprecedented proportions'...