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1111. Cyprus considers raising corporate tax rate to 15%

The idea of ​​raising the Cyprus corporate tax rate from 12.5% ​​to 15% has been discussed at a meeting between Finance Minister Haris Georgiades and business executives...

1112. Cyprus formally asks EU to share burden

Interior Minister Constantinos Petrides has made good on his promise to seek help in “practical ways” from his EU counterparts on the migration issue and redistribution of asylees...

1113. Exceeding expectations

In the eight months of its operation, Nicosia Mall has surpassed expectations. Following the triumphant opening in November 2018 and the resounding welcome by consumers, the capital’s newest shopping mall has been steadily and assuredly pulling in crowds and converting them into devoted customers. The outstanding traffic as well as the levels of satisfaction and observed visitor loyalty, which are examined on a quarterly basis through surveys, are a testament that a thoughtfully planned retail destination and a customer centric approach can yield success. Most importantly, the data available foretells a bright future ahead...

1114. S&P affirms Bank Of Cyprus ratings

Standard & Poor’s affirmed on Tuesday their `B+/B` long- and short-term issuer credit ratings on Bank of Cyprus Public Co. Ltd. (BoC), noting that the outlook is stable...

1115. Dombrovskis: The EU leads the world in the battle against climate change

This year, millions of young people across the world joined an international movement for climate change. They demanded action instead of mere talk, marching to fix the planet before it is too late. ...

1116. Groups condemn Academy Park fire

Environmental activists are calling for local authorities to take action following a fire earlier this week that destroyed a part of a playground at a popular Nicosia park...

1117. Stepping into power, Johnson seeks more diverse cabinet

Taking over as prime minister on Wednesday, Boris Johnson is expected to unveil a more diverse top team in a government to be tasked with delivering Brexit by the end of October, with or without a deal. ...

1118. Blistering inland temperatures continue

Hot weather continues following heat advisories in the last few days, with Wednesday highs around the capital reaching 39 degrees and humidity trending upwards along the eastern coast...

1119. AHDR hosts conference on peace education

The Association for Historical Dialogue and Research (AHDR) hosts this week in Cyprus the 43rd Conference of the International Institute on Peace Education (IIPE) entitled "Educating for a Culture of Peace in Divided Societies, History, Dialogue and Multiperspectivity Toward Reconciliation". The official kick off of the conference took place on Monday morning at the Home for Cooperation at the UN buffer zone in Nicosia. ...

1120. The ‘public interest'

Greece can really take off. The economy has already reached its lowest point and is now poised for a spectacular rebound. The country’s human capital is unlimited in all sectors and for the first time in a long time we have a government that understands the notion of entrepreneurship and wants to move dynamically in the field of investments. ...

1121. Afternoon heat warnings continue

A heat advisory continues to be in effect on Tuesday, as inland midday high temperatures are expected to reach 40 degrees while humidity levels are dropping...

1122. Week starts with new heat advisory

Another yellow warning has been issued for Monday, following a similar alert Sunday due to extreme high temperatures with 40-degree weather inland...

1123. Island interior under heat advisory

Weather officials have issued a yellow warning for Sunday afternoon due to extreme high temperatures in the interior of the island...

1124. US removes Turkey from F-35 program after Russian missile purchase

The United States said on Wednesday that it was removing Turkey from the F-35 fighter jet programme, a move long threatened and expected after Ankara began accepting delivery of an advanced Russian missile defence system last week. ...

1125. The benefits of studying with a learning provider

Studying to become an ACCA member is flexible, and it opens up a world of opportunities. With over 500,000 students studying in a variety of ways, we know that flexibility is key to a successful ACCA journey. ...

1126. Talent shortages costing European private businesses €414 billion each year

European private businesses’ biggest challenge is the increasingly growing skills shortage that is preventing them from hiring the right talent for growth. A PwC survey across 31 European countries shines a spotlight on a wider, ongoing issue across the region. PwC estimates that the skills shortage is costing the region €414 billion annually in lost revenues - just from private businesses. That’s around 2.6%of European GDP and is more than the combined annual GDP of Greece and Portugal. ...

1127. Bidding for Nicosia bypass begins

The government has issued a public highway tender for the first phase of the long-awaited Nicosia bypass, which is expected to significantly reduce traffic jams in the capital...

1128. Athens back among top 10 shipping hubs

The Greek capital’s shipping cluster is back among the top 10 global metropolitan centers, the annual report by the Baltic Exchange shows, though this was not thanks to shipping activity in Athens and Piraeus, but due to the development of the Port of Piraeus after its acquisition by China’s Cosco...

1129. Which way will SYRIZA go?

It will take a couple of months before we see what kind of style SYRIZA plans to adopt in its reprised role as the country’s main opposition party. For the time being at least, it appears willing to cut some slack to the new government of Prime Minister Kyriakos Mitsotakis. ...

1130. First parts of Russian S-400 system delivered to Turkey

Turkey’s purchase of the Russian defense systems, which Washington says are not compatible with NATO’s defense network, is one of a series of issues which have put the allies at odds. ...

1131. Spotty storms in the afternoon

Weather officials say there is a chance of brief showers and even thunderstorms on Friday afternoon, mainly in the southeast, while maximum highs will reach upper 30’s around the capital...

1132. Nicosia bypass closer to the start line

The long-awaited Nicosia bypass on the perimeter of the capital is a step closer to the start line, with reports saying a tender could be announced as early as next week...

1133. Muggy as heat index soars

Officials issued another yellow warning Thursday due to extreme heat, with maximum highs reaching 41 degrees inland and humidity on the rise all around the coast...

1134. Far-right soundly defeated in Greek elections

1135. Deutsche Bank axes 18,000 jobs

1136. Cyprus put on hot weather alert

A yellow warning has been issued for Saturday afternoon, with weather officials saying temperatures inland are expected to reach 40 degrees while also predicting rain on Sunday...

1137. New missile scenarios tossed in the mix

Reports in the Turkish Cypriot press point to a number of different scenarios, as authorities on both sides of the divided island try to learn more about the rogue missile that ended up on Cypriot soil...

1138. Cyprus should not be on the list of countries not getting US arms

In 1987, the US Department of State placed the Republic of Cyprus on a list of countries to which sales and transfers of defense articles and services is prohibited under the International Trade in Arms Regulations (ITAR). ...

1139. No final conclusions yet in stray missile incident

The Republic of Cyprus remains in the dark over the missile incident in the north, while an effort is underway by officials to sound out “friendly countries” in order to connect the dots...

1140. The liberal narrative and the risks