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721. Now is the time for remote and online payments

For more than 30 years, JCC has been supporting businesses and the financial services sector in Cyprus, guided by the central premise of security and reliability in every type of service JCC has been providing...

722. Financial measures tackle coronavirus in Cyprus

Measures of Financial Support to address the Impact of the Coronavirus have been announced by the Government of the Republic of Cyprus...

723. Infected cabbie’s grandson tests negative

A young child has been hospitalized in Nicosia after coming in contact with his grandfather, a taxicab driver in Paphos who tested positive for the coronavirus...

724. EAC vows to credit back overcharges

An undisclosed number of property owners in the Republic Cyprus were overcharged on their electricity bills in recent months, with the Cyprus Electricity Authority vowing to right a wrong in future billings...

725. Bank of Cyprus 'Best Bank for Private Banking'

Bank of Cyprus has been named as the “Best Bank for Private Banking” in Cyprus by the internationally reputable magazine “Euromoney”, for the 5th consecutive year...

726. Α defeat in the Cyprus Courts for Promsvyazbank

Clients of the Russian bank Promsvyazbank, which maintained a branch in Cyprus until the Central Bank revoked its license, won a small victory over the bank by bringing the case to court in Cyprus...

727. Teen girl hospitalized after night on the town

A thirteen-year-old girl was taken to hospital by her father after she consumed alcohol and had a firecracker accident at a public park in Limassol...

728. Banks must find new profitable products, CBC Governor says

The task of securing alternative profitable products besides lending is the biggest challenge for banks in small countries such as Cyprus, Central Bank Governor Constantinos Herodotou said on Friday....

729. Woman gets seven years in white collar crime

A former employee at a credit union in eastern Nicosia has been sentenced to seven years in prison for financial crimes worth over half a million...

730. Limassol’s trade enabler gets new CEO

The appointment of a new CEO at DP World Limassol is expected to give the company a new impetus, after a year of investing and upgrading infrastructure and equipment...

731. Insurers need profound transformation and the right talent

As insurance industry growth remains stagnant for another year due to low interest rates, the shifts in consumer demographics around the world coupled with heightened expectations for digital experiences present insurers with risks and opportunities...

732. GCC achieves high Customer Satisfaction

733. Thousands of Greek cards to be replaced in travel website data breach

Greece’s four systemic banks have canceled or are planning to cancel and replace up to 15,000 credit and debit cards, after the payment card data used by some of their customers on a Greek online tourist services portal was hacked....

734. Arrested woman linked to armed robbery

A broken cell phone ended up linking a foreign woman, who was arrested Monday on theft charges, to another crime that took place ten years ag...

735. Businesses must address digital fatigue and consumer privacy

736. Bank of Cyprus revises Privacy Statement

Bank of Cyprus has revised its Privacy Statement relating to the processing of personal data of natural persons...

737. GoGordian, the new player in property investment

738. Cops build case following vice raid

A married couple has been remanded in custody in connection with their involvement in an illicit massage parlour business where foreign women worked part-time offering erotic services to male clients including handjobs...

739. Anti-Money Laundering and Terrorist Financing Preventing Framework: Legislation Gaps

Over the last years, the EU has developed a solid regulatory framework for preventing money laundering and terrorist financing. However, these rules are not always able to capture the growing technological developments and potential gaps that can be exploited by criminals...

740. Greek golden visa system in a bind

Greece’s Golden Visa program, offering five-year residence permits to non-European Union citizens who invest at least 250,000 euros in local property, appears to have become a victim of its own success...

741. Financial Services towards Artificial Intelligence and Machine Learning

Artificial Intelligence in general and machine learning in particular, is not a new concept, but it is only in recent years that financial services firms have started to learn about and understand its full potential...

742. Smoke scare on flight out of Cyprus

Passengers on a flight from Larnaca to London had to spend the night in Athens after their British Airways flight had to make an emergency landing due to a smoke warning in the cabin...

743. Thomas Cook crash is dry run for Brexit failures

Social historians will mourn the demise of the world’s oldest travel company, founded by a Baptist carpenter in northern England in 1841; their corporate counterparts will not. With more than 500 high street outlets, Thomas Cook demonstrated a stunning inability to adapt to changing travel habits. The rise of budget airlines and disruptors like Airbnb combined with the weak pound and the unusually hot summer of 2018 to kill off the company which had suffered a near-death experience in 2011. ...

744. Cyprus hotels to take a €60 million hit as thousands stranded by Thomas Cook collapse

Officials at the Deputy Ministry of Tourism are scrambling to ascertain the impact of the collapse of Thomas Cook on the Cypriot hotel industry. ...

745. Thomas Cook goes bust

The world’s oldest travel firm Thomas Cook collapsed on Monday, leaving hundreds of thousands of holidaymakers stranded around the world including Cyprus ...

746. Britain's Thomas Cook scrambles for £200 million to avert collapse

Britain’s Thomas Cook needs to find an extra 200 million pounds to satisfy its lenders or one of the world’s oldest holiday company risks collapse, potentially stranding thousands of holidaymakers across Europe. ...

747. Two women busted in prostitution sting

Two foreign women arrested in an undercover prostitution sting in Larnaca are facing charges of illegal gains while also being charged with violating immigration rules...

748. German giant acquires Foody

Cypriot startup Foody has been acquired by a German food delivery giant in a friendly takeover reaching dozens of countries all over the world...

749. Woman still wanted in Larnaca travel scam

Police are asking members of the public to help locate a Larnaca woman who is wanted in connection with a suspected travel scam...

750. British Airways flights disrupted by IT failures

Problems with British Airways’ IT systems left thousands of passengers facing flight cancellations, delays and long queues at airports in the airline’s third major computer failure in a little more than two years. ...