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121. Sepaga EMI named one of the top 20 great places to work in Europe

Nicosia, Cyprus – 26/9/2023 – Sepaga EMI, a leading fully licensed and regulated Electronic Money Institution by the Central Bank of Cyprus (License No. 115.1.3.18/2018) since 2017 takes pride in providing its clients with exceptional financial solutions for managing their funds and global payments....

122. Bank refunds $500,000 to elderly customer

From Australia comes a story of corporate responsibility in the face of personal tragedy as an elderly national bank depositor had nearly AUD$500,000 returned to him out of the bank’s own pockets. ...

123. TechIsland's workshop marks Cyprus's tech hub aspiration

TechIsland’s 'Building Tech Islands' Workshop: A Milestone in Cyprus’s Quest to Attract Global Tech Giants...

124. EY achieves record global revenue of nearly $50 billion

EY reports record global revenue results of just under US$50b...

125. Rising prostate cancer cases in Cyprus sound alarm bells for men's health

New data reveals a concerning increase in prostate cancer cases in Cyprus, with 656 cases detected in 2020, compared to 550 in 2019. Prostate cancer is the most prevalent form of cancer among European men, a...

126. Thanos Hotels and Resorts continues to support ''Sophia Foundation for Children''

The company was honoured for its ''I cook and I offer'' programme during an event at the Presidential Palace ...

127. Big on big issues and small on small issues

Are you tired of scrolling and reading throughout long and multiple pages filled with every single detail of each accounting policy your entity of interest is using the last couple of years, only to find what really matters for you in page 25? Don’t get me wrong! I do that for living....

128. CDB Bank and Astrobank in talks for potential acquisition

In an official announcement released by CDB Bank to the Cyprus Stock Exchange, both banks have confirmed discussions regarding the potential acquisition of CDB Bank by Astrobank. ...

129. Potential bank tax discussed amidst rate dissatisfaction

Leaving the door open for potential action, the Finance Ministry is considering an additional tax on banks due to dissatisfaction with their current approach to deposit and lending rates....

130. City of Dreams Mediterranean partners with Cablenet

131. Office workers catching 'ChatGPT fever' as usage surges

According to a recent Reuters/Ipsos poll, many American workers are adopting ChatGPT to assist with everyday tasks, even as tech giants like Microsoft and Google have restricted its use due to security concerns....

132. Record surge in loan renegotiations amidst rising interest rates

Loan renegotiation in the Cyprus banking system spiked to record levels in the first half of 2023, driven mainly by the repeated interest rate hikes by the European Central Bank (ECB) in its effort to tackle soaring inflation....

133. Luxurious residences and cutting-edge offices transform Nicosia's skyline

After being closed for two years, the Landmark Hotel, formerly known as the Hilton, is undergoing rapid renovation. The MHV Group, the owner, has provided an update indicating that the project is progressing swiftly according to the plan, ...

134. Strongest work-from-home rights for Australians

Before COVID-19 sent one-third of the global workforce home, the Melbourne property surveyor that employs drone operator Nicholas Coomber called its 180-strong staff into the office every day at 9 a.m. to hand out assignments....

135. Corporate loans above €1 million surge

The net new loans (excluding restructurings) in Cyprus amounted to €1.73 billion in the first half of 2023, showing a slight annual increase of 1.26%. The continuous interest rate hikes by the European Central Bank significantly slowed down the granting of housing loans....

136. Telecom giant Primetel faces administration

In a recent development, Primetel, a prominent telecommunications company, has entered administration. The company officially informed the Office of Electronic Communications and Postal Services about this significant change in its status....

137. Global economy faces $590 trillion storm

A $590 trillion storm threatens the global economy as rising interest rates make more corporate debts problematic. ...

138. NPL crisis highlights tug of war between borrowers and legislation

The concealment, or "camouflage," of non-performing loans (NPLs) in commercial banks before 2013 and their subsequent explosion have been, and may continue to be, the most significant challenge for the Cypriot economy. ...

139. Witness statements missing from road death cold case file

Witnesses in the fatal accident of a young man, who was hit by a car that swerved to avoid a mystery vehicle a decade ago, insist they gave descriptions to investigators but those statements had vanished from the police report...

140. Global leaders gather for climate summit

Creativity with a Purpose - 10 Years Orb: ORB Communications Team Rebuilds and Designs a Basketball Court, Supporting Voice for Autism and the "Be an Angel" Initiative....

141.  Land sales surge in Akamas

The irregularities observed within Akamas' protected area, as highlighted in last Sunday's report by "K," appear to be just one aspect of a broader issue emerging in anticipation of the implementation of the local plan in September....

142. Nicosia attracts millions in investment opportunities

A new investment exceeding 60 million euros is currently in the study phase, focusing on the development of a strategically positioned plot in Nicosia. ...

143. FinMin underlines the importance of disciplined policy

The contact circle with the banks has not been completed, and there will be a new one to adopt measures that will provide relief to borrowers regarding the increased interest rates....

144. Porsche Cyprus celebrates the Grand Opening of the new corporate architecture concept ''Destination Porsche'', in Limassol

It is the fourth Porsche Centre under the new retail ''Destination Porsche'' concept in the Central and Eastern Europe region and amongst first in the world. ...

145. Why are food prices so high in Europe?

It is the most basic of staple food items: sliced white bread. In Britain, the average price of a loaf was 28 percent higher in April, at 1.39 pounds, or $1.72, than it was a year earlier....

146. Legendary rock icon Tina Turner dead at 83

Tina Turner, the American-born singer who left a hardscrabble farming community and abusive relationship to become one of the top recording artists of all time, died on Wednesday at the age of 83....

147. Limassol hosts desalination conference

'Desalination for the Environment, Clean Water and Energy conference and exhibition' begins Tuesday in Limassol with the participation of more than 300 delegates from around the world and 30 exhibitors...

148. BOC: First quarter of 2023 yields €95 million in profit

Bank of Cyprus has released its financial report for Q1 2023, showcasing robust performance and positive indicators across various key metrics....

149. BOC appoints Bank of America as joint corporate broker, resumes dividend payments

The Bank of Cyprus has announced the appointment of Bank of America Europe DAC (BofA Securities) as a joint Corporate Broker, along with NUMIS Securities Limited (NUMIS) and Keefe, Bruyette & Woods (KBW, acting through Stifel Nicolaus Europe Limited), with immediate effect....

150. Interest rates rise for housing and corporate loans

Interest rates for housing loans in March 2023 increased by 1.25% compared to February 2023, while interest rates for corporate loans also rose, according to statistics released Friday by the Central Bank of Cyprus....