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91. BOC to pay dividends after 12 years

The Bank of Cyprus is the first bank in Cyprus and Greece to receive approval from the European Central Bank (ECB) to pay dividends. The lender is expected to resume paying dividends to its shareholders after 12 years....

92. Benefit payments: Ministry allows paper applications after server failure

The Ministry of Labour and Social Insurance has issued a response to the recent issue of their websites being temporarily down on Monday. The Ministry has informed the public that payments can still be made by cheque or cash at their local District Social Insurance Offices....

93. Ukrainian defense minister hurries down to Cyprus

Ukrainian Defense Minister Oleksii Reznikov visited Cyprus on Friday amid reports that a recent EU plan to send ammunition to Kiev was being held up in some European capitals including Athens and Nicosia...

94. Inside the high-stakes prosecution of a former president

Former U.S. President Donald Trump has made history by becoming the first president to face criminal charges before a court of justice in the United States. ...

95. Prem Watsa: 'Greek banks are safer'

Greece has entered a virtuous cycle of growth, and the next few years will be especially beneficial to the economy and Greeks if political stability is maintained and business-friendly policies are implemented....

96. Agency owner arrested as new visa scandal unfolds

Cyprus Police have arrested an agency owner in Limassol in connection with an investigation into document fraud, after it emerged that foreign delivery drivers had sought to obtain or renew permits through his office...

97. New migration scandal looms after network uncovered

A new scandal involving services for asylum seekers may have been inadvertently uncovered in Limassol, where arrest warrants have been issued amid strict rules for renewing driver permits and a black market designed to overcome restrictions...

98. 'Mansion tax' introduced to help homeless Californians

Some of the biggest names in Hollywood are rushing to sell their multi-million-dollar houses in Los Angeles before a new “mansion tax” kicks in on April 1....

99. 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”....

100. Cyprus scraps online visa appointments after scandal

Immigration authorities in the Republic of Cyprus scrapped an online appointment platform on Monday after allegations were made public about agents selling available slots to foreigners for profit and causing months of waiting for those who did not shell out the cash...

101. 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....

102. Saudi Arabia puts $5 billion into Turkish central bank

Saudi Arabia said Monday it deposited $5 billion into the Turkish central bank, likely helping Ankara firm up its long-weakening currency, the lira, after last month’s massive earthquake that struck southeast Turkey and northern Syria....

103. Kaili lawyer stunned as MEP’s partner walks free

The defense for Greek MEP Eva Kaili is raising hell after Belgian authorities released her partner in an ongoing corruption investigation, with one of her lawyers accusing Belgium’s criminal justice of operating against European legal culture...

104. 2023 will be the year banks dole out dividends

Apart from entering 2023 with inflationary tendencies and following a year with a geopolitical crisis due to the Ukrainian one, it is expected to be the year when the term "dividend distribution,"...

105. 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....

106. Many countries stepping up as death toll continues to rise

The EU has mobilized 27 search and rescue teams from 19 European countries, the European Commissioner for Crisis Management stated in a tweet on Tuesday....

107. Elections unlikely to draw a clear winner this Sunday

Cypriots vote on Sunday in a presidential election that has split the political right and is unlikely to produce a clear winner, setting the stage for a runoff on Feb. 12....

108. CBC: Household debt at 77% of GDP

The household debt ratio stood at 77% of the Gross Domestic Product (GDP) at the end of September 2022, marking a slight decrease compared to the previous quarter, due to the increase in GDP, according to data published by the Central Bank of Cyprus on its website on Tuesday, in the "Quarterly Financial Accounts" edition, for the reporting quarter ending September 2022. ...

109. 113.7% increase in counterfeit euro banknotes in 2022

In 2022, 451 counterfeit euro banknotes were removed from circulation in Cyprus, an increase of 113.7 percent over the previous year....

110. Panzeri to be let off after agreeing to name names

Belgium’s federal prosecutor said on Tuesday that former Italian member of the European Parliament Pier Antonio Panzeri agreed to work with Belgian authorities over a cash-for-influence corruption scandal in exchange for a reduced sentence...

111. Demetra has invested 75% of its capital in Hellenic

Demetra Investment, the Cyprus Investment Fund, has dedicated 75% of its investments to Hellenic Bank....

112. Thief arrested after reporting his phone lost during burglary

When he went to the police to find a mobile phone he lost while burglarizing a convenience store, a 27-year-old thief in Thessaloniki fell into a trap he unintentionally set for himself, which led to his arrest....

113. Cyprus' national minimum wage takes effect on first day of 2023

National Minimum Wage in effect in Cyprus for the first time in January...

114. Cyprus rolls out new scheme to subsidize e-vehicles

The budget for subsidizing the purchase of electric vehicles and withdrawing old cars, motorbikes, mopeds and bicycles is at €10 million Transport Minister Yiannis Karousos has said...

115. Cash still king as Cypriots take digital leap

The growing preference of Cypriots for digital means of payment, but also the desire to maintain the ability to pay with cash and checks, are the main conclusions of the report of the Central Bank of Cyprus on Retail Payments in Cyprus for the years 2014-2021...

116. Kaili's Paros plot frozen pending investigation

A Supreme Court prosecutor has ordered that a plot of land on the island of Paros bought by MEP Eva Kaili and her husband Francesco Giorgi be frozen pending a money-laundering investigation into the activities of the couple....

117. Kaili admits to asking father to hide money

Greek MEP Eva Kaili has admitted under questioning in Belgium that she had asked her father to hide part of the money that was in her home, according to reports in the Belgian magazine Knack and newspaper Soir....

118. December Newsletter of K. Treppides & Co Ltd

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....

119. Eva Kaili: From city council to city prison

120. 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. ...