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1. Half a billion euro investment in digital transformation

Over the next five years, a little more than half a billion euros (€512 million) will be set aside for digital transformation. ...

2. Guarantor wants off the hook over old bad loan

Cyprus’ financial commissioner came to the rescue of a loan guarantor who says he should not have to pay anything because a former credit union had failed to send him default notices 'without delay' concerning non-payment by the primary beneficiary...

3. The demand for new homes is dwindling

The large investments and development projects mentioned by Minister of Transport and Works Yannis Karousos in his ministry's recent project presentation may have kept the construction and real estate sector afloat until 2022, but the industry still faces challenges....

4. Construction materials at their highest costs in 2022

Construction material prices historically reached their highest level in 2022, surpassing the previous record set in 2021, with prices increasing by more than 11% year on year in December alone....

5. How do we assimilate immigrant children into our educational system?

As our great George Seferis would say, let's speak plainly. Today, in practice, how do we welcome a child who, for a variety of reasons, finds himself in a classroom where no one, or almost no one, speaks the same language as him, ...

6. Social media campaigning is dominating this year's electoral race

If this election differs from previous ones in any way, it is because the lion's share of the advertising pie has shifted to digital media, particularly social media, with Facebook and Instagram dominating in terms of the amount of advertising content given to them....

7. Supermarkets bet on their own private labeled products

Consumers are turning to private label and exclusive import products to combat inflationary pressures on consumer goods in supermarkets....

8. Housing, water and energy take up 25% of EU household expenses

In 2021, ‘Housing, water, electricity, gas and other fuels’ represented a quarter (25.0%) of EU household expenditure and 17.1% of household expenditure in Cyprus, according to Eurostat, the statistic service of the EU....

9. The 2023 investment chessboard

Today's data is completely different from what it was a year ago in terms of investment....

10. Russians flying to Cyprus get 'next best thing'

Moscow and Nicosia are growing further apart on travel between the two countries, prompting Russians living on both sides of the divided island to look for new routes through Turkey after rumors of direct flights in the north subsided due to the Cyprus Problem...

11. Eva Kaili: From city council to city prison

12. 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. ...

13. 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....

14. In the past year, 40% of residents reported their accounts 'compromised'

Forty percent of citizens and nearly half of businesses have experienced some sort of cyber attack in the past 12 months, according to surveys on cyber security....

15. Lottery winner in Larnaca pockets over 8 million

A lottery ticket played in Larnaca district over the weekend ended up winning a huge fortune to the tune of €8.7 million...

16. 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....

17. Cabinet approves 'vehicle history database'

The Council of Ministers today approved an amendment to the Motor Vehicles and Traffic Movement Regulations that will create a database that will record the history of vehicles involved in accidents....

18. Germany needs 400,000 employees annually to cover labor demands

Due to Germany’s aging population which results in a lack of qualified workers, the country’s labor market is at risk, with authorities left to count on target migration as a solution for the situation. ...

19. Popular hotel chains set up shop in Larnaca

The Accor Group, a major French hotel chain, recently made an official announcement about the opening of its first unit in Cyprus. ...

20. Cyprus scolded for failing to transpose EU laws

The European Commission has sent letters of formal notice to Cyprus for having failed to notify national measures transposing two directives regarding road safety...

21. Small number of banks meeting new loan demand

The net demand for loans from businesses in Cyprus decreased in the third quarter of 2022, and banks anticipate a similar decline in the net demand for loans from businesses and households in all loan categories in the fourth quarter of 2022 compared to the third quarter. ...

22. Spend the night in a giant flower pot, or even a nuclear missile bunker

Would you ditch the Courtyard Marriot in order to sleep inside a giant flower pot? What about a nuclear missile bunker, a giant triceratops skull, or a pig sleeping under a quilt of grass and flowers?...

23. Who benefits from the proposed rent-to-mortgage scheme?

The "Rent vs Instalment Scheme", now known as the "mortgage to rent" scheme, is nearing completion, with implementation set to begin in January 2023. ...

24. 50 products specified in Cyprus' 'Household Basket'

The Consumer Protection Service will present its initial proposal for the Household Basket in Cyprus to the stakeholders - the Hypermarkets Association, the Retailers Association, the OEB, and the CEB - at 12 noon on Wednesday. ...

25. Post-Brexit UK streamlines EU student visas

Brexit, the legal action initiated by the United Kingdom to leave the European Union, did have an impact on every field, including education....

26. Cypriot Vladimiros Tziortzis wins 3rd place at Euro Nascar 2

Cypriot race driver Vladimiros Tziortzis won the biggest distinction in his career and one of the top distinctions in Cyprus motorsport history, after finishing on Sunday in third place at the 2022 NASCAR European Championship, in the EURO NASCAR 2 category....

27. More people continue to seek asylum in the EU

A total of 66,545 first-time asylum applications for international protections were filed by non-EU citizens in the European states in July – 265 more than in the previous months, scoring an increase of 0.4 percent....

28. Workplace accidents decreased in 2020, but severity of nearly 50% not specified

In 2020, almost 2.7 million non-fatal work accidents resulted in workers being absent from work for four days or more in the EU, while 3,355 work-related accidents were fatal, according to data released by Eurostat, the European Union’s statistical service....

29. Which products were most affected by the barrage of price increases?

Aside from fuel and electricity, shopping, particularly for necessities, is high on the list of concerns for all households. Prices in various product categories have risen, making life even more difficult for consumers, and the outlook is bleak at the moment....

30. Cyprus on ‘very good track’ to innovation

The high scores of Cyprus in the field of innovation were stressed in the Digital Agenda Cyprus Summit 2022, which was held at Nicosia Municipal Theatre on Monday. Keynote speakers from various fields attended the conference and talked about issues pertaining to a world which is in the digitisation process...