Search

1711. FTX's European operations suspended indefinitely

The company is taking a wait-and-see approach until further notice in order to deal with FTX International and the more than $8 billion hole it has created...

1712. Spyware and political games

The European Parliament's Committee of Inquiry's draft report on the use of spyware in the EU was lengthy and comprehensive, but in the case of Cyprus, a sizable portion of the information was a repetition of already well-known facts and concerns about the absence of the required institutional framework. ...

1713. 400-500 Hellenic employees to be made redundant

On Monday, November 24th, 400–500 voluntary employees will depart Hellenic Launches; this will be the final shift provided by the bank....

1714. Temporary hiring boosts government employment by 0.5% year on year in October

Total government employment in Cyprus rose by 0.5% year on year in October reaching 53,271 persons compared to 53,008 persons in October last year....

1715. Post-Brexit UK streamlines EU student visas

Brexit, the legal action initiated by the United Kingdom to leave the European Union, did have an impact on every field, including education....

1716. Tomatoes and potatoes now regarded as luxury items

The Consumer Protection Agency published the retail prices of basic consumer goods on Friday with a reference date of 9/11/2022. The retail prices show significant price increases for potatoes and tomatoes and price decreases for some fish and legumes....

1717. The Commission is pushing for regulation of Airbnb-style lodgings

As part of its efforts to promote transparency in the short-term rental sector, the Commission adopted on Monday a proposal for the regulation to improve transparency and assist public authorities in ensuring the sector's balanced development in the context of sustainable tourism....

1718. Covid: The decisions from today's meeting

Michael Hadjipantelas' meeting with the members of the Advisory Committee at the Ministry of Health has concluded. According to the Minister of Health's statements, an increase in the number of cases has been confirmed, and data on hospitalizations were analyzed during the meeting to create a clearer picture....

1719. More people are working from home thanks to the pandemic

The proportion of those employed that work from home in the European Union has increased after the COVID-19 pandemic, according to data released by Eurostat, the statistical service of the EU....

1720. Looking for a strategy to suspend foreclosure sales

To protect vulnerable borrowers and stop the economy from being impacted by decisions that could harm its integrity, a strategy for the new potential three-month suspension of foreclosure sales is being sought. ...

1721. 64% of distressed state loans eligible for 'Oikia' scheme

The applications for the Oikia scheme for distressed borrowers have reached 64% of the total eligible loans, according to the Housing Finance Corporation. In total, 1,223 applications, valued at €115m have been submitted, out of 1,948 eligible loans, valued at €179m....

1722. Slump in car sales recorded in October

Total car sales dropped significantly in October 2022 compared with the month before mainly due to the steep drop in passenger saloon cars....

1723. Initial PEGA report - Cyprus is an appealing destination for spy goods

1724. WIP - Brave New Humanity / Arts and Technology Festival 2022, 11 - 23 of November (update)

The WIP (Work in Progress) festival is an ever-evolving series of activities and exhibitions focused on arts & technology synergies. The festival hosts over 80 experiences and presents media artworks, performances, research projects, talks, workshops, screenings, and interactive games from invited local and visiting artists, universities, organizations, and CYENS....

1725. Why inequality is growing in the US and around the world

U.S. income inequality grew in 2021 for the first time in a decade, according to data the Census Bureau released in September 2022....

1726. Layoffs begin at Twitter as offices temporarily close

Twitter Inc temporarily closed its offices on Friday after telling employees they will be informed by email later in the day whether they are being laid off....

1727. Bounced checks totaling €47,010 were issued in October

In October 2022, only 32 bounced checks totaling €47,010 were issued, and a total of 20 people were listed on the preliminary list of the Central Information Register (CIR) for bounced checks maintained by the Central Bank of Cyprus (CBC). Thirteen of the twenty were natural persons, and seven were legal entities....

1728. Loans are increasing as interest rates rise

New loans provided by Cypriot banks rose by €217 million in September compared with August, driven mainly upwards by corporate loans over €1 million which rose by 127.6 million....

1729. Three Paphos TOM officers suspended following Karousos' complaint

Three Paphos Road Transport Department officers were suspended this morning pending the outcome of an ongoing investigation....

1730. Unemployment in Cyprus up by 1.9%

Unemployment in Cyprus marked an annual increase in October of 1.9% according to the Statistical Service of the Republic of Cyprus....

1731. Prepare for an increase in grain prices

Agriculture Minister Costas Kadis told 'K' that there is no concern about grain sufficiency in the Cypriot market at this time, explaining that strategic stocks of grains received in the summer remain in importers' silos. ...

1732. €20,000 up for grabs at the first HackAdTech Hackathon in Cyprus

AdTech Holding, the Cyprus-based international lab, focused on creating startup ecosystems and innovations for AdTech and MarTech projects, informs that it’s hosting the first Open HackAdTech Hackathon, in Limassol....

1733. 'Resistance to change is the main issue in digital transformation'

The biggest problem faced in the effort for digital transformation is resistance to change, Cyprus’ Deputy Minister for Research, Innovation and Digital Policy, Kyriacos Kokkinos said on Monday in parliament where he presented his Deputy Ministry’s budget for 2023 and the work it has carried out during the past two years since its establishment....

1734. Coronavirus, flu, and RSV: The trifecta of winter woes

Despite the marked improvement in our country's epidemiological picture, with pandemic indicators showing a decline, experts are not complacent, with the arrival of winter being viewed as particularly pivotal....

1735. Eurostat: Electricity prices up by 32% in Cyprus

In the first half of 2022, average household electricity prices in the European Union increased sharply compared with the same period in 2021, from 22.0 euros per 100 kWh to 25.3 euros per 100 kWh, according to data released by Eurostat, the statistical service of the EU....

1736. Helipad body identified as injured homeless beggar

A decomposed body discovered last month near the helipad of Limassol’s state hospital belonged to a homeless beggar, according to Cypriot authorities, with reports saying the foreign man had also been facing multiple medical problems...

1737. The most misspelled words in the world. Cyprus residents struggle to spell 'minuscule'

There are more than 171,000 words in the English language, so it’s only natural that we might misspell a few of them every once in a while....

1738. Slight decrease of tourist beds in the EU in 2021, Cyprus remained stable

According to data released by Eurostat, the EU's statistical service, the number of guest rooms in tourist accommodations across the EU decreased slightly in 2021 compared to 2019 but remained stable compared to 2020....

1739. Bank deposits climb to a nine-year high

Deposits in the Cypriot banking system climbed to a nine-year high in September, while total loans continued their downward path, declining in a five-month low, boosting liquidity in the system to over €23 billion....

1740. Cyprus Tech Ecosystem Platform

On Wednesday 19th of October, TechIsland & “Dealroom.co” brought live the Cyprus Tech Ecosystem Platform....