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511. The who's who of the Christodoulides government

On Monday afternoon (27/02), Nikos Christodoulides, the country's new leader, unveiled his new administration. Read the detailed biographies of the individuals who make up the new government....

512. China proposes ceasefire in bid to save credibility

The West reacted with skepticism to China's proposal on Friday - the first anniversary of Russia's invasion of Ukraine - for a ceasefire, with NATO saying Beijing did not have much credibility as a mediator....

513. Meet the woman behind the widely successful AI ChatGPT

ChatGPT appears to have entered our lives permanently, as it is now well-known and widely used around the world....

514. February Newsletter of K. Treppides & Co Ltd: Direct Taxation

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....

515. EIB financed €250 million worth of green projects in Cyprus

The European Investment Bank (EIB) reported on Wednesday on its strong engagement in Cyprus for 2022, with new financing signed reaching a total of €250 million, all of which was invested in green projects....

516. Companies to be allowed up to 50% of third-country workers

The Council of Ministers adopted on Wednesday an updated policy that allows businesses to employ more staff from third countries....

517. Is Europe ready to accommodate older travelers?

As the world’s population is growing older, the tourism industry will have to adjust, meaning that tourism should be more accessible and inclusive for this category of travelers....

518. PwC: 5.2 billion in real estate transactions in 2022

Transaction volumes in the real estate and land development sector have surpassed those of 2019. According to the most recent PwC Cyprus publication, the total value of transactions in 2022 will reach €5.2 billion,...

519. Companies laying off employees to hire new ones at lower salaries

Keri and other recruiters say that candidate offers are now much lower and look more like those from 2019 — before the pandemic kicked off the Great Resignation, before Big Tech went on a hiring spree, and before anyone had heard of "quiet quitting."...

520. Australian government removes Chinese-made surveillance cameras

Australia's defense department will strip its buildings of Chinese-made security cameras to ensure they are "completely secure", the government said on Thursday....

521. Lidl Cyprus is constantly reducing its energy footprint and contributes to the protection of the environment on a daily basis

This year, the company was also certified with the ISO 50001 for its energy management system and for the first time it attained green certificates for 100% of the energy supplied by EAC....

522. Zelensky in London, asks for fighter jets

Ukrainian President Volodymyr Zelensky is in the United Kingdom today to meet Prime Minister Rishi Sunak, King Charles, and speak to the British Parliament....

523. Cabinet approves subsidies to fund digital business upgrades

At today's Cabinet meeting, the Grant Scheme for "Digital Upgrading of Enterprises" was approved. This project is part of Cyprus's Recovery and Resilience Plan (RSP) for the years 2021-2026, and it will be funded by the European Union's (EU) Recovery and Resilience Mechanism (RRM)....

524. Which names are being floated for the position of Finance Minister?

The new ministerial team will be assembled beginning Monday, February 13. Nicos Christodoulides and Andreas Mavroyiannis, the two candidates for the Presidency of the Republic of Cyprus, will bring in new faces to staff their Ministries....

525. Secrets of the A380: What passengers never see

526. Washington stops short of tongue-lashing Nicosia

Washington says there is no new policy to announce regarding a recent arms embargo lift on the Republic of Cyprus, following news that US sanctions have been imposed on several dealers including individuals who are based on the island...

527. €10 million worth of grants approved for women entrepreneurs

A total of 187 applications submitted by women were approved in 2021 for the amount of 10.6 million euros, in the framework of the New Entrepreneurship Programme covering the period 2021-2027, ...

528. 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. ...

529. A large number of foreclosure notices to be sent tomorrow

Today, Tuesday, January 31, 2023, marks the end of the most recent three-month suspension of divestments imposed by a resolution of the House of Representatives. ...

530. Anastasiades inaugurates gas terminal in Vasiliko

Today marks a historic milestone for the Larnaka region, President Nicos Anastasiades said, during the inauguration of the gas terminal of the VLPG consortium in the Vasiliko area....

531. Davos: WEF warns 'catastrophic cyber event' coming

The 2023 World Economic Forum (WEF) in Davos, Switzerland, has filled us with lots of uplifting predictions, like how companies will soon decode our brain waves. The latest warns of a global catastrophic cyber event in the very near future....

532. Cyprus appeals use of BBQLOUMI and GRILLOUMI

The General Court of the European Union is expected to decide in April or May on two appeals submitted by the Foundation for the Protection of the Traditional Cheese named Halloumi against the use of word marks BBQLOUMI and GRILLOUMI by companies in Bulgaria and Sweden, according to a press release by the Luxembourg-based Court of the EU....

533. Labor unrest in the midst of an election - today's strike

Despite the unions' categorical assurances that the strike on Thursday has nothing to do with the current election period, the three-hour strike measures will de facto be butter on the election agenda of candidates who do not come from the government sector....

534. Concerns emerge over Cypriot porn website age verifier

A new law in Louisiana requiring adults who visit porn websites to verify their age is raising privacy concerns, but a Cypriot firm that collects personal information of those users says privacy is maintained throughout the process...

535. Paphos: Over 15 million euros in foreign investment in 2022

According to the Paphos Chamber of Commerce and Industry, foreign investment in the city has surpassed €15 million. ...

536. Germany to send Leopard tanks to Ukraine

Germany cleared the way on Wednesday for Europe to send scores of battle tanks to Ukraine, and Washington was poised to make a similar announcement - moves hailed by Kyiv as a potential turning point in the war and condemned by Moscow as escalation. ...

537. Twenty two flights affected by Thursday's COLA strike

A total of 22 flights concerning both departures and arrivals from and to Cyprus’ two airports will be affected by the Cyprus-wide three-hour strike to be held tomorrow over the issue of the cost of living adjustment (COLA)....

538. Banks are revising lending rates

Cypriot banks are preparing new loan rates in an effort to redesign the pricing of loans. In the first half of 2023, Cypriot banks will see significant changes in the pricing of new loans, accompanied by increases in interest rates, ...

539. PEGA's amendment games

The debate on Cyprus will turn into a game of balances and... amendments in relation to the draft report of the European Parliament's Committee of Inquiry into Surveillance Software (PEGA), ...

540. No more Fridays. 4-day work week on the rise

The results are in: It's time for your company to stop working on Fridays (or Mondays)....