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931. The Louvre, the British Museum, and now the New Cyprus Museum (photos - video)

Work on the New Cyprus Museum will begin in January 2023, and the project is expected to take 42 months to complete, with completion scheduled for mid-2026. ...

932. New Zealand becomes the world's first smoke-free country

As the first nation to adopt this policy and even pass a draft law, New Zealand has set the goal of getting the younger generation to stop smoking....

933. In the past year, 40% of residents reported their accounts 'compromised'

Forty percent of citizens and nearly half of businesses have experienced some sort of cyber attack in the past 12 months, according to surveys on cyber security....

934. CERA emergency meeting - Power outage risk

Since this morning, an emergency meeting of the Cyprus Energy Regulatory Authority (CERA) has been held to examine the situation that is expected to arise as a result of the Electricity Authority's guilds' decision not to put the six steam power units of the Dhekelia Power Plant into operation next Wednesday,...

935. The sky's no longer the limit when using your smartphone

Passengers aboard flights in the European Union will soon no longer be required to put their phones on airplane mode and will be able to make phone calls as well as use their mobile phones to the maximum of their features and capacity as airlines will be providing the latest 5G technology on their planes....

936. Breast cancer screening: The case of Cyprus

Population screening for breast cancer with mammography, and in some women, ultrasound screening, has been shown to reduce mortality from this disease....

937. The 2023 Budget in the vortex of the elections

The government of President Anastasiades has just submitted its final budget, for 2023. DISY will undoubtedly support the budget, but it will be interesting to see what position it will take if and when the polls are confirmed....

938. Insurance premiums expected to rise slightly

Inflation-related losses are also occurring for general insurance policies. Cyprus' insurance policies will specifically follow the broad pattern of other nations and other international insurance companies,...

939. The end of an era for the plane that shrank the world

The last Boeing 747 is about to leave the assembly line today, after 53 years and at least 1,570 planes....

940. Tying up loose ends at Hellenic

Hellenic Bank experienced several changes in 2022, as it closed outstanding issues while also opening new chapters. Hellenic Bank made changes to its top management, staff, shareholding composition, and labor issues in the fourth quarter of 2022, ...

941. Cyprus gets taste of EU’s €85 million with a caveat

Cyprus will get Friday the first tranche of €85 million from the EU's Recovery and Resilience Mechanism, with European Commission technocrats also pointing to repeated suspensions of foreclosures in Cyprus that create problems in terms of achieving the goal of further reduction of NPLs...

942. Hellenic Bank soon to be under the control of Eurobank

Eurobank is gaining control of Hellenic Bank after purchasing Wargaming's 13.4% stake. With the addition of the 12.6% it held from the purchase of all shares in Third Point Hellenic Recovery Fund in the summer of 2021, it now stands at 26%....

943. Cyprus helps uncover VAT carousel fraud

Cypriot authorities swung into action after an investigation of fraudulent activity in Portugal was expanded through the European Public Prosecutor’s Office, with several companies on the island reportedly linked to a scheme that cost Lisbon tens of millions in tax revenue...

944. When the ink dries, this will be the new archaeological museum

945. Fuel price cuts have begun

Following a month of price volatility, the Cypriot market should see a reduction in the cost of motor and heating fuels in the coming days....

946. €76.4m profit in first 9 months of 2022 for Hellenic

Hellenic Bank announced a profit of €76.4 million for the first 9 months of 2022. According to the Group Financial Results for the nine-month period, ...

947. ETIAS set to enforced by November 2023

The work on the European Travel Information and Authorisation System (ETIAS) has moved forward, with the European Border and Coast Guard Agency (Frontex) revealing on Monday that a new body will be responsible to ensure the system functions in accordance with fundamental rights has started its work....

948. Wasted food can feed starving people worldwide four times over

Food waste is one of the most important challenges we are faced with today, Agriculture Minister Costas Kadis said on Tuesday, adding that it leads to serious economic, social and environmental repercussions on the entire planet....

949. Candidates continue their quest for votes as elections draw near

The pre-election campaign of the candidates for February's 2023 Presidential elections continued over the weekend with meetings and contacts in cities and communities on the island and abroad....

950. COVID protests spreading across China

From Shanghai to Beijing, protests have erupted across China in a rare show of dissent against the ruling Communist Party sparked by anger over the country’s increasingly costly zero-Covid policy....

951. Black Friday: See how the annual shopping event is shaping up (photos)

On Thursday afternoon, sales began to increase significantly, particularly in shopping centers that benefited from favorable weather conditions, however, as of Friday morning, traffic appears to be somewhat subdued, at least in comparison to the corresponding images from 2019....

952. Bank's chairman buys BOC shares for 3 consecutive days

953. CYTA expects €400 million in revenue this year

Deputy Chairman of the Committee Chrysis Pantelides told CYTA after discussing the organization's budget for 2023 that CYTA is a very good example of a profitable and robust semi-governmental organization that should remain in the ownership of the state so that the public and society at large reap these important benefits....

954. Europe rushes to stock up on Russian diesel before ban starts

European traders are rushing to fill tanks in the region with Russian diesel before an EU ban begins in February, as alternative sources remain limited....

955. BOC: Profits for first nine months gobbled up by Voluntary Retirement Plan

The bank reported 9 million euro losses following the summer departure of 550 employees, which cost it 104 million....

956. ECB: Banks in Italy, Portugal, Greece, Cyprus could see highest rise in NPLs

Banks in Italy, Portugal, Greece and Cyprus could suffer some of the biggest increases in non-performing loans while France, Ireland and Luxembourg could be among the best performers, the European Central Bank said in a fresh study on Tuesday....

957. Who benefits from the proposed rent-to-mortgage scheme?

The "Rent vs Instalment Scheme", now known as the "mortgage to rent" scheme, is nearing completion, with implementation set to begin in January 2023. ...

958. Investors lost $1 billion on FTX, prompting calls for industry regulation

The turmoil in the cryptocurrency world continues unabated following the bankruptcy of the FTX platform, which landed its founder, Sam Bankman-Freid, bankrupt almost overnight. ...

959. Finance Minister calls for the repeal of foreclosure suspension

The Ministry of Finance proposes delaying the law on divestiture suspension. ...

960. Slower economic growth expected towards end of year

The Cypriot economy is expected to slow down towards the end of 2022 after growing steadily during the first half of the year, according to the chapter on Cyprus from the European Commission’s Autumn 2022 Economic Forecast which was presented on Friday by Commissioner for the Economy Paolo Gentiloni....