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1. Additional benefits for new parents at Lidl Cyprus

As of July 1, 2024, Lidl Cyprus proceeded with additional benefits for the new parents working for its group. ...

2. Cypriot banks show resilience amid challenges, says CBC Governor

Despite the continuous challenges, the Cypriot banking system continues to register a positive course, which is reflected in the main supervisory indicators, Governor of the Central Bank of Cyprus (CBC), ...

3. Lidl celebrates its successful sponsorship of the UEFA EURO 2024

• Lidl's sponsorship of the biggest football event in Europe, as an Official Partner of UEFA EURO 2024™, signaling the company's first international participation in football....

4. Unlock a whole new world with the new mobile App of Ayia Napa Marina!

5. Lidl Cyprus celebrated the opening of its 3rd store in Paphos and 21st store in Cyprus

In a major expansion of its retail network, Lidl Cyprus opened its newest store in the Neon Mall of Pafos on Wednesday 24 July, marking the 3rd Lidl store in a row in the Paphos district and the 21st in Cyprus. ...

6. Cyprus extends EV charging grants by two months

The deadline for applications for the second phase of the "Electrification with 1000" grant program has been extended by two months, now closing on September 30, 2024, at 12:00 a.m., the Department of Electromechanical Services announced....

7. Jamie Dimon eyed for treasury secretary by Trump

Former President Donald Trump stated in an interview with Bloomberg that he has no intention of removing Federal Reserve Chair Jerome Powell from his position before Powell's term concludes....

8. Wizz Air celebrates 8M passengers milestone at Larnaca airport

Wizz Air, the most sustainable airline globally*, is delighted to announce a significant milestone at Larnaka International Airport, with the airline reaching 8 million passengers traveling to and from Larnaka International Airport since commencing operations in Cyprus....

9. New Lidl store at Neon Mall of Pafos

Lidl Cyprus opens its 21st store and extends its commitment towards high quality, affordable prices and an upgraded shopping experience....

10. FT: Unilever to cut 1/3 of office jobs in Europe

Unilever, one of the largest distributors of consumer goods such as Dove, and BEn & Jerry's, Lipton, Knorr, etc., has announced plans to eliminate a third of its office-based roles in Europe by the end of 2025, ...

11. Boeing to plead guilty and pay $243.6M fine in 737 MAX settlement

Boeing has agreed to plead guilty to a criminal fraud conspiracy charge and pay a $243.6 million fine to settle a U.S. Justice Department probe into its involvement in two fatal crashes of the 737 MAX aircraft that resulted in the deaths of 346 people in Indonesia and Ethiopia between 2018 and 2019....

12. Surge in corporate loans despite interest rate hike

The Central Bank of Cyprus has released its latest data revealing notable shifts in financial trends for May 2024. Despite a 0.52% uptick in lending rates for non-financial corporations borrowing amounts over €1 million, new loans to these entities surged by 10% compared to the previous month. ...

13. Jumbo to open second store in Nicosia this summer

Jumbo is set to open its second store in Nicosia and sixth in Cyprus, located in the former Stephanides Group headquarters near the Mall of Cyprus and IKEA in Strovolos....

14. AstroBank wins international recognition for the second consecutive year

AstroBank has been named Best Private Bank – Cyprus by the Global Private Banking Innovation Awards 2024 for the second consecutive year. ...

15. Wizz Air announces new route from Larnaca to Milan Malpensa

Wizz Air, Europe’s fastest-growing and most environmentally sustainable airline, proudly announces today it will launch a new route from Larnaca to Milan, Italy this autumn....

16. AEGEAN welcomes its passengers to its new Business Lounge at Larnaca International Airport located next to the departure gates

As of today, AEGEAN's new Business Lounge at Larnaca International Airport “Glafcos Clerides " is opening its gates and welcoming its passengers into a primely located, high aesthetics and comfort space, designed to further enhance their travel experience....

17. CBC projects 3% GDP growth in 2024

The Central Bank of Cyprus has revised its 2024 forecast for GDP growth to 3%, from 2.8% that was expected last March, mainly due to the upward revision of domestic demand, while it maintained its forecast for growth in the years 2025 and 2026, at 3.1% and 3.2%, respectively....

18. Charalambos Prountzos elected as Nicosia mayor by wide margin

Charalambos Prountzos has been elected as the new Mayor of Nicosia by a significant margin....

19. Fitch upgrades Cyprus to 'BBB+'

Fitch Ratings has upgraded Cyprus' Long-Term Foreign Currency Issuer Default Rating from 'BBB' to 'BBB+' with a positive outlook....

20. Keravnos continues to call on banks to slash interest rates

Finance Minister, Makis Keravnos, called on local banks to slash interest rates, emphasizing the urgency for change in the financial landscape. Keravnos's remarks come just before the European Central Bank's Governing Council convenes,...

21. ECOMMBX secures top spot as Cyprus’ best workplace

ECOMMBX is excited to announce that it has been recognized as Cyprus’ Best Workplace by Great Place To Work in the category 20 –100 Spartans. ...

22. EU warns Cyprus on 15% business tax compliance

The European Commission has warned Cyprus and several other countries to step up their game on important new tax and data rules. Cyprus, along with Spain, Latvia, Lithuania, Poland, and Portugal, is under pressure to enforce a minimum 15% tax rate for big multinational companies, a key part of the EU’s efforts to ensure fair taxation....

23. Resilient CEOs embrace AI, plan for sustainable futures

Two in three CEOs optimistic about revenue and profit growth despite a challenging economic environment....

24. Andreas Petsas and Eurobank support sustainability at 'Green Agenda'

In a pivotal speech delivered at the 'Green Agenda' conference hosted at Hilton Nicosia, Mr. Andreas Petsas, Senior General Manager of Eurobank......

25. FT: Law firms turn to AI for cost cutting and efficiency

Law firms worldwide are increasingly turning to generative artificial intelligence (AI) to streamline operations and reduce costs, with many either......

26. From gigabytes to watts: Telcos' evolution into energy providers

Andreas Neocleous is the first CEO of Cyta, Cyprus’ largest telecommunications organization, to have been appointed from the private sector....

27. Banking sector's pledge to environmental transition

Eliza has been the Executive Director of Finance since October 2019 and since October 2021 she has been an Executive Member of the Bank of Cyprus Board of Directors....

28. Cypriot banks set to exceed 2023's record profits in 2024

Cypriot banks are maintaining a low profile, but it's expected that 2024 will bring in higher profits compared to the record-breaking figures of 2023. ...

29. Uncovering transparency issues in public contracts

The uproar surrounding a revitalizing project on the outskirts of Nicosia, the capital, is just a drop in the bucket compared to the broader issues plaguing certain contracting firms and the administration overseeing public contracts....

30. Global talent crisis: Desire for international experience skyrockets

EY survey shows 75% of employers do not have fully developed mobility functions vital for meeting modern business and talent demands....