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1381. EY Cyprus organised the 2nd Annual Corporate Reporting Insights event

EY Cyprus organised the 2nd Annual Corporate Reporting Insights event held on 16 December 2022, at Lemon Park Nicosia, with the participation of senior executives from Cypriot and multinational corporations. The event focused on the major shift underway in recent years, as emphasis moves from financial to corporate reporting. ...

1382. Lebanese drinks giant Kassatly building plant in Ypsonas

Lebanese drinks giant Kassatly Group Holding has started work on a new plant in Cyprus under “Boutique Beverage Bottling Int’l Ltd” as part of ambitious plans to move the brand from a regional powerhouse to a global player....

1383. Germany passes law allowing foreigners to easily gain residency

Germany’s Federal Parliament, Bundestag, has approved the amendments to the law on the right of residence and asylum for third-country citizens who are already in the country, with a majority of 371 votes....

1384. The winners and losers of the Archiepiscopal elections

The primary topic of discussion in the first round of voting last Sunday was the creation of the tripartite list from which the Holy Synod will select the incoming Primate of the Church of Cyprus. It cannot, however, be considered the only one....

1385. Elon Musk to step down as Twitter CEO

Elon Musk has said that he will step down as CEO of Twitter once a suitable replacement can be found. On Sunday he ran a poll asking if he should step down, and the Twitter using public overwhelmingly told him to go...

1386. The fierce battle for second place

1387. Romania retaliates against Austria's Schengen veto

Romanians that were looking forward to spending winter holidays in Austria’s many tourist destinations have started calling off their bookings, following Austria’s Schengen Veto, which prevents Romania and Bulgaria to join the Schengen Area....

1388. Cyprus on alert after first case of Strep A

The Republic of Cyprus announced on Monday its first case of Group A streptococcus, prompting officials to summon a physician from Israel to assess the medical condition of a little girl who is intubated in Nicosia...

1389. Amsterdam launches 'Stay Away' campaign to discourage types of tourism

Authorities in the Netherlands have decided to introduce in Amsterdam a new campaign called “Stay Away”, in order to discourage specific kinds of tourism....

1390. White House dazed over emails about Cypriot gas company

US President Joe Biden is expected to say whether he would challenge a decision by National Archives to release documents concerning his son’s role in a controversial gas company in Cyprus and allegations that business dealings may have improperly influenced American policy...

1391. The week that shook Brussels saw a police stakeout, piles of cash, and reform promises

The police had been waiting since dawn. Officers from the special unit of Belgium’s federal police gathered on Rue Wiertz, close to the European Parliament in Brussels. ...

1392. Nikos Christodoulides announces his proposals on the Cyprus issue

Nikos Christodoulides, an independent candidate for the presidency of the Republic, has published his positions on the Cyprus problem under the title "For a United Cyprus" today. ...

1393. Grant Johnson: City of Dreams Mediterranean will be the game changer for Cyprus’ hospitality industry

The multi-themed City of Dreams Mediterranean resort in Limassol, which will include a luxury hotel, casino, entertainment and sports facilities, adventure park, shops and restaurants, among others, will begin operations in the second quarter of 2023. Grant Johnson, the General Manager of COD analyzes what exactly the City of Dreams Mediterranean will be, what it will offer to the tourism product of Cyprus, how it will strengthen the country's economy and its position as a popular tourist destination and at the same time he analyzes how this project will have significant benefits for the local community and its people. ...

1394. KEDIPES disburses another €80 million to the state

The Board of Directors of the state-owned asset manager, KEDIPES, has decided to disburse another €80 million to state coffers for the fourth quarter of this year, with the amount paid to the state in 2022 reaching €310 million....

1395. Qatargate: Kaili's partner confesses and names names

Eva Kaili's husband, Francesco Giorgi, admitted his involvement in the Qatargate scandal, according to Le Soir and La Repubblica....

1396. Kaili’s lawyer drops hint about Italian job

There is conflicting information about a corruption investigation in the European Parliament following the arrest of a Greek former VP, with media reports speculating she was being detained in connection with Qatar while her lawyer is pointing the finger squarely at her Italian fellow suspects including her male partner...

1397. Kaili in custody until next week - Decision on the three is expected

Eva Kaili, a Greek MEP and former vice-president of the European Parliament, will be detained until next week, according to AFP....

1398. Power cuts to be implemented on Wednesday

The Cyprus Transmission System Operator (TSO) is developing a power cut schedule in collaboration with the Distribution System Operator (DSO) to ensure the security of the electricity generation system, with the plan so far providing for half-hourly power cuts in the Nicosia, Larnaca, and Famagusta districts....

1399. More than €1.5 million in cash seized from Kaili - Panzeri

More than €1.5 million in cash was seized from the homes of Eva Kaili and former MEP Pierre Antonio Panzeri in Brussels, according to Belgian police....

1400. €36 million loss so far reported by banks this year

The banking system reported a loss after tax of €36 million on a consolidated basis in the first nine months of 2022, compared to a profit of €22.54 million in the corresponding period of 2021....

1401. Streptococcus tests imminent - Decisions from the meeting

A series of preventive measures to address and monitor the outbreak of streptococcal infections in Cyprus was announced on Monday by the Ministry of Health, in collaboration with the Paediatric Society of Cyprus....

1402. EU lawmaker denies taking bribes from Qatar

European Parliament Vice President Eva Kaili, a suspect in an investigation into money laundering and corruption at the parliament, has denied receiving money from Qatar, one of her lawyers said in Greece on Tuesday...

1403. 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,...

1404. Parents furious over woke play for school kids

A local adaptation of Jules Verne’s Around The World In 80 Days has been revised after parents in Cyprus cried foul over the show broaching homosexuality during a live performance in front of preteens...

1405. Crypto world shaken as Europe arrests MEP

The arrest of MEP Eva Kaili on corruption charges involving a Gulf state has sparked media frenzy over the weekend, with Qatar refuting reports that the world cup host is involved while Belgian officials have not named the country that allegedly attempted to bribe the crypto ally...

1406. 'K' poll: The race for second place (graphics)

We are in the crucial final sixty days before the elections, and everything points to a sensational thriller, a fierce battle for the coveted second place....

1407. EU Parliament VP suspended on serious corruption charges

The Belgian judiciary has arrested four people as part of an investigation into a corruption case involving bribery from Qatar, while two others have been released....

1408. Turkic States Org opposed pseudo-state membership despite Turkey's push

Turkey's intention to promote the membership of the Turkish Cypriot pseudostate to the Organization of Turkic States under the "state-observer" status was strongly resisted by member states and so Ankara had to backtrack, Foreign Ministry spokesperson, Demetris Demetriou has told CNA....

1409. EU welcomes Croatia while Bulgaria and Romania will have to wait

Croatia will officially become the newest member of the European Union’s borderless area of Schengen on January 1, 2023, the European Union has confirmed....

1410. President and political parties condemn 'Grivas' protests

President of the Republic Nicos Anastasiades has strongly condemned Thursday’s protests outside the House of Representatives over its decision to end funding to activities commemorating EOKA leader Georgios Grivas....