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1261. Keravnos urges banks to restructure loans and keep rates low

Cyprus Finance Minister Makis Keravnos has urged banks to restructure loans, maintain low lending rates and bank charges, and increase deposit rates in light of continued basic rate hikes by Central Banks. He warned that otherwise the government "would make different thoughts."...

1262. Europe's largest economy paralyzed over strikes

Airports and bus and train stations across Germany were at a standstill on Monday, causing disruption for millions at the start of the working week during one of the largest walkouts in decades as Europe's biggest economy reels from inflation....

1263. Tax evaders beware of what you post on social media

According to a report in the Sunday edition of realnews.gr, the Greek Government plans to identify hidden income earned by individuals and companies that conduct business online. ...

1264. Single EU work & residence permit for 3rd country nationals

The Members of the European Parliament’s Civil Liberties Committee have agreed today on a draft legislation that updates the way single work and residence permits for third-country nationals are issued....

1265. Ministers band together to improve Cyprus ports

Ministers responsible for Transport, Shipping and Tourism visited on Thursday the new DP World Limassol passenger terminal to express their determination to work together to resolve any problems and improve services....

1266. Slight increase in fuel prices

A slight increase in fuel prices was recorded in the last three weeks in Cyprus, according to the Consumer Protection Service (CPS) of the Ministry of Energy, Commerce and Industry. ...

1267. Protests continue as Macron stands firm on pension reform

French workers angry with President Emmanuel Macron and his plan to raise the pension age blocked access to a terminal at Paris' main airport on Thursday as part of a nationwide day of protests, forcing some travelers to get there on foot....

1268. Banks and artificial intelligence

Artificial intelligence is a technology that is based on a machine's ability to perform procedures and make decisions based on data analysis and learning....

1269. High prices continue to plague the market

1270. EU states need foreign workers and are changing their requirements

Working in EU: Recent Changes You Must Be Aware of If You Are Planning to Get a Job in Any of the Member States...

1271. Michael Kyprianou Advocates – Legal Consultants announces opening of office in Tel Aviv

Cyprus’ leading law firm Michael Kyprianou & Co LLC announces the opening of a new international branch in Tel Aviv, Israel, further expanding the firm’s global reach....

1272. 42,000 euros for every victim who died in the Tempe rail tragedy

Hellenic Train, whose train crashed in a head-on collision with a freighter on Feb. 28, killing 57 people on board, announced on Wednesday it will make advance payments to the families of the victims and to the passengers injured in the crash in Tempe, to cover their immediate financial needs....

1273. Four Cypriot companies exposed to SVB and Signature Bank fallout

Four companies licensed by the Cyprus Securities and Exchange Commission (CySEC) had deposited at Silicon Valley Bank and Signature Bank, the two US banks that failed, causing turmoil in the global economy....

1274. Petrol stations open their doors to electric mobility

Petrolina Holdings Public announced last month the installation of the first state-of-the-art electric vehicle rapid charging charger at its petrol station in Larnaca's GSZ district....

1275. EAC maintains dominant position in Cyprus' energy production market

The highest electricity market share in the EU was recorded in Cyprus (88%), reflecting the dominance of the Electricity Authority of Cyprus in the country’s energy market, Eurostat data published on Tuesday show....

1276. TechIsland Association Launches the 1st Annual TechIsland Awards to recognize outstanding contributions to the tech industry in Cyprus

The TechIsland Association is excited to announce the launch of the TechIsland Awards, a new annual award program designed to recognize and celebrate the outstanding contributions of individuals, companies, and projects that are making a significant impact on the development and growth of the tech and innovation industry in Cyprus....

1277. 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....

1278. Finance minister calls on banks to delay foreclosures

The Finance Ministry is considering possible actions to tackle non-performing loans and is examining a set of measures aiming to address the issue, ...

1279. Digital app to compare product prices in the works

Following the withdrawal of the Household Basket proposal in Cyprus, the Consumer Protection Service is now promoting the preparation of a bill for the implementation of a digital tool that will enable the daily comparison of retail prices of products....

1280. Foreclosure sales to restart after Parliamentary vote

The House of Representatives voted 22 to 18 against a proposal for a new three-month suspension of foreclosure sales, which had been tabled in the form of an emergency bill....

1281. International university students visit Eurogate’s facilities at Limassol Port

Students from various US academic institutions received a tour of the facilities of Eurogate Container Terminal Limassol Ltd. ...

1282. Investigation into understaffing in the tourism industry is imminent

The start of the summer travel season is anticipated to occur around the end of March or the beginning of April, along with the reopening of hotel facilities that were closed during the winter....

1283. Consumers cutting back on non-essential items as cost of living rises

As the cost of living crisis continues to rise globally, consumers have drastically adjusted their spending behaviors, with the majority (53%) of global consumers “holding back” on non-essential spending. ...

1284. TechIsland equipped a new computer class in the Arakapas school after the wildfire

Non-profit organization TechIsland rebuilt the Regional Primary School in Arakapas, which suffered from a terrible wildfire. The organization has invested more than 200 000 euros in renovating the school. TechIsland also contributed to the opening of a computer class with the help of Asbis, one of the board members of the company. ...

1285. 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....

1286. 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....

1287. 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....

1288. 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....

1289. 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....

1290. 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....