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151. Embracing the digital age through the 'smart school' program

Our educational system, the Ministry of Education, and the State are making an important and historic transition to the digital era with the signing of the €20 million Contract for the "Support Services System" Project on September 6, 2022. ...

152. Men arrested after bride kidnapping goes awry

Three men have been arrested on breaking and entering charges following a failed attempt to steal a young female from the household who secretly got hitched to her beau without dad’s blessing...

153. Banking sector to cut 600 more employees

The number of employees in the Cypriot banking sector will have been reduced further by the end of 2022. By the end of this year, 600 bank employees will have left the company, while about 50 will have been transferred to a similar but non-banking sector....

154. EU commissioner defends deal on older vaccines

Health commissioner Stella Kyriakides went on Cypriot state radio on Monday calling on EU citizens to get vaccinated with booster shots already made available to member states, a position she defended amid growing social and scientific doubt about a procurement strategy that included cozy texts between pharmaceutical companies and the bloc’s executives...

155. House scrambles to keep ships under Cyprus flag

The House health committee in the Republic of Cyprus is scrambling to amend healthcare legislation in a race against the clock, following reports that ship owners are trying to take their business elsewhere to avoid having to pay GESY tax...

156. EU countries approve energy windfall levies, turn to gas price cap

European Union countries agreed on Friday to impose emergency levies on energy firms’ windfall profits and began talks on their next move to tackle Europe’s energy crunch – possibly a bloc-wide gas price cap....

157. Europe's vegetable farmers warn of shortages as energy crisis bites

Emmanuel Lefebvre produces thousands of tonnes of endives on his farm in northern France annually, but this year he may abandon his crop because of the crippling energy costs required to freeze the harvested bulbs....

158. Cyprus continues special education debate

159. EU plans to cap gas prices risking cutoff from Russia

The European Union proposed a price cap on Russian gas on Wednesday hours after President Vladimir Putin threatened to halt all supplies if they took such a step, raising the risk of rationing in some of the world’s richest countries this winter....

160. EMA greenlights tailored vaccines for COVID19 mutations

The European Medicines Agency has given a positive opinion on the use of the first two variant-adapted COVID-19 booster vaccines, produced by BioNTech-Pfizer (Comirnaty) and Moderna (Spikevax) to protect against the Omicron BA.1 subvariant....

161. What is causing the unexpected drop in global food prices?

Six months after Russia's invasion of Ukraine, the inflationary shock is still causing a "headache" for markets, government staff and households, with the price of natural gas hitting new record levels yesterday....

162. Cyprus government: No comment on passport audit report just yet

The Government will study the report released Monday by the Audit Office on passports and the Cyprus investment program that granted citizenship by investment, Spokesperson Marios Pelekanos said, following the Cabinet’s meeting which convened Monday at the presidential retreat in the Troodos mountains....

163. Cyprus gas discoveries boosted by EU’s shift from Russia supplies

The European Union’s drive to slash reliance on Russian natural gas is boosting the strategic importance of finds in Cyprus, the country’s energy minister said....

164. Tighter controls and penalties for cross-border transactions in Cyprus

The Cyprus Securities and Exchange Commission (CySEC) is introducing additional controls for cross-border services and announced that investor protection will be strengthened under new rules regarding how complaints are handled....

165. Germany dims lights as it leads Europe in saving energy

Summer nights in the wealthy Bavarian city of Augsburg this year are eerily dark and quiet: The facades of historic buildings are not illuminated, street lights are dimmed and most of the fountains are not operating....

166. Covid cases have increased up to 34% in some EU countries

The increase of COVID-19 cases in some countries of Europe since last week has been up to 34%, EU Health and Food Security Commissioner, Stella Kyriakides, told Cypriot journalists covering the European Parliament plenary in Strasbourg, on Tuesday....

167. Rumors of Pegasus purchase by Cyprus not put to rest

The possibility that NSO sold Pegasus to Cypriot authorities remained unanswered last week when a Cypriot MEP grilled the company’s general counsel, who stopped short of saying who actually bought it...

168. Cyprus feeling the effects of Russian flight ban

Cyprus' tourism industry is taking a huge hit from the lack of Russian and Ukrainian tourists, with an estimated loss of €600 million this year alone....

169. KPMG in Cyprus will act as a technical service consultant for the Treasury of the Republic of Cyprus

KPMG in Cyprus will act as a technical service consultant, following participation in a public tender, for the provision of support to the Treasury of the Republic of Cyprus, in the framework of the implementation of the new eProcurement system....

170. Myth-buster: IFRS 17 an accounting standard for insurance contracts

As the title attests, this short article aims at busting the myth which states that IFRS 17 – Insurance Contracts is only relevant for insurers or for companies regulated as insurance entities. ...

171. Labor Minister Zeta Emilianidou has died aged 68

The Presidency of the Republic has expressed its deepest sorrow over the death of Labour and Social Insurance Minister Zeta Emilianidou....

172. CBC: New loans drop by almost 50% in April

Cypriot banks granted 50% fewer loans this month in comparison to last month due to a sizeable reduction in new housing loans....

173. Orban gets his way as EU bans Russian oil

The European Union on Thursday gave its final approval to new sanctions on Russian oil and top bank Sberbank, after much wrangling with Hungary, as punishment for Russian President Vladimir Putin's Feb. 24 invasion of Ukraine...

174. Seven new bicommunal conservation projects underway

The bi-communal Technical Committee on Cultural Heritage is moving ahead with seven new conservation projects which are expected to be finished by the end of 2022 - beginning of 2023....

175. Anastasiades: The protection of employees' rights is a priority

President Nicos Anastasiades on Sunday listed a number of government policies and strategies as well as decisions in favor of laborers, as he addressed an event organized by trade union SEK in honor of Labor Day at the village of Amiantos....

176. Cyprus energy hub hopes hanging by a thread

Nicosia is eagerly awaiting news any day now that could potentially revive the island’s hopes in the energy game, with all eyes on whether a UK-based company with contracts in Israel could find enough gas to bypass red tape and send some of it to a friendly neighbor’s hub...

177. K. Treppides & Co Ltd: Cryptocurrency - Having your regulated firm able to trade in cryptocurrency

Decentralized digital currency era began in 2008 by an unknown person named Satoshi Nakamoto which invented Bitcoin, the very first cryptocurrency. ...

178. Consumers to buy directly from automaker, not from dealer

Mercedes-Benz has reached an agreement with its European dealers to switch to a new dealership model, in which customers will buy directly from the automaker and not from the dealer, the German brand said....

179. Property sales hit 14-year high in Cyprus

Property sales in March, as measured by the number of sale contracts deposited at Land Registry offices, hit a 14-year high according to figures released by the Department of Lands and Surveys....

180. Overcoming talent crunch and supply chain upheaval among biggest success indicators for tech in 2022

Increased volatility rising out of the evolving COVID-19 pandemic has led to a reshuffling of priorities for the global technology industry....