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61. Deloitte’s Tax Facts 2024

62. Presidential Palace to host swearing-in of key officials

The swearing-in ceremony of the new Ministers, Deputy Ministers and Commissioners will take place at 08.30 on Wednesday at the Presidential Palace, in the presence of the President of the Republic, Nikos Christodoulides....

63. Cyprus names Digital Security Authority as Cybersecurity Hub

The Digital Security Authority has been appointed as the National Cybersecurity Certification Authority (NCCA) in the Republic of Cyprus, which aims to contribute towards Cyprus’ aim to become a regional hub for cybersecurity services, a press release said on Tuesday....

64. 79% jump in consumer complaints this year

In a substantial leap from 2022, the Cyprus Consumer Association reports a noteworthy spike in four complaint categories in 2023....

65.  President Christodoulidis announces Cabinet reshuffle

President Nikos Christodoulidis has announced a series of government appointments, effective Wednesday, January 10, 2023. The changes, made under constitutional authority, include:...

66. Far-right and conservatives gain momentum in Europe

The far-right and conservative parties are gaining strength across Europe, while the possibility of reaching up to 29% of the seats in the European Parliament is visible, explains to "K" Tobias Gerhard Schminke, founder of the platform for collecting electoral data Europe Elects....

67. A government on fragile ground

In May 2022, Nikos Christodoulides announced his candidacy for the Presidency of the Republic, only to be overshadowed by the revelation of a partially plagiarized speech from Ioannis Kasoulides during the 2008 presidential election....

68. Cyprus tax reform targets green initiatives and economic revitalization

By March 2024, the initial six phases of the tax transformation project commissioned by the Ministry of Finance to the Centre for Economic Research of the University of Cyprus will conclude,...

69. Europe tightens rules on short-term rentals for sustainable tourism

The noose has tightened for short-term rentals within European territory, i.e. ''Airbnb'' and other well-known platforms. The aim of the new three rules from the European institutions is to promote more sustainable tourism,...

70. New York Times accuses Microsoft and OpenAI for copyright infringement

In a legal move unveiled on Wednesday, The New York Times has initiated legal proceedings against Microsoft and OpenAI, accusing them of copyright infringement in the development of their artificial intelligence products....

71. As 2023 ends, banks and unions lock horns on pay structures

The banks and bank employees' unions are at odds over labor issues and the signing of new collective agreements. As we approach the end of 2023, no significant progress has been made in renewing collective agreements during the outgoing year....

72. Minister upset as staff gaps widen

In its 2023 Employment and Social Developments in Europe (ESDE) report, the European Commission identifies major shortages in construction, healthcare, science, technology, and STEM (Science, Technology, Engineering, and Mathematics) occupations, spanning high, medium, and low-skilled roles...

73. 2024 budget gets green light – Inside scoop on state wage proposals

The 2024 budget was passed into law relatively comfortably, with a total of 37 MPs voting for it, while 19 were opposed. ...

74. Divisions in Cyprus amplify fact-checking challenges

Cyprus, an ethnically divided island in the Mediterranean, is like any other nation: It’s been hit by a wave of misinformation, and residents are trying to keep up....

75. Government unveils e-justice system for streamlined legal processes

In a significant move toward digital transformation, Cyprus inaugurated the e-justice information system on Monday, enabling the electronic registration of documents throughout the judicial process....

76. Themis Themistocleous signals potential 2024 interest rate cut

In their ''Year Ahead 2024'' forecast, analysts at Swiss financial giant UBS anticipate a slowdown in the strength of the US economy throughout 2023. ...

77. Government joins elite with third plea for €152.3M

Acting Permanent Secretary of DG Growth at the Finance Ministry, Andreas Zachariades, said on Thursday that as of Friday, Cyprus will be among the first ten EU member states that have submitted the third payment request from the Recovery and Resilience Mechanism of the EU....

78. Cyprus joins WHO's global digital health certification network

Cyprus has successfully joined the World Health Organization's Global Digital Health Certification, the Health Ministry said on Wednesday....

79. Cyprus nears digital judicial transformation with new e-justice system

Deputy Minister of Research, Innovation, and Digital Policy, Philippos Hadjizacharias, anticipates the finalization of the new e-justice system by February 2024, marking a crucial stride in Cyprus' digital transformation. ...

80. Deloitte Cyprus CEO on 65 years, challenges, and future strategies

Deloitte Cyprus celebrates 65 years of presence on the island, playing a major role in the financial affairs of the state....

81. Is the digital Euro the ECB's game-changer or a banks' ally?

The digital euro would not be a threat to the role of banks as financial intermediaries, Constantinos Herodotou, Governor of the Central Bank of Cyprus (CBC) and ECB Governing Council member, has said, stressing that the digital euro will be issued and guaranteed by the ECB and not at the level of the member state....

82. EU unveils sweeping reforms to enhance animal welfare standards

In a groundbreaking move, the European Commission has proposed extensive reforms to EU rules on animal welfare during transport, marking the most significant overhaul in recent years....

83. How locals can mitigate the risks of Cyprus' new citizenship rules to attract tech talent

Cyprus's recent initiative to boost its technology sector by offering tax breaks and fast-track naturalization to third-party nationals is a strategic move that could significantly reshape its economy and society....

84. EY Cyprus' new office: Transforming work in a post-COVID world

The global pandemic has led in an era of exceptional change in the core model of work, prompting organizations to reassess traditional structures and embrace a hybrid approach....

85. Protecting citizens' information in Cyprus under scrutiny

The water leak at the Ministry of Finance in Cyprus has exposed broader issues in the country's digital services, raising concerns about both physical infrastructure protection and the safeguarding of citizens' data....

86. EU's groundbreaking e-health project unveiled

The planning of the project for citizens’ e-health file will last 30 months, but at the same time the implementation of some pillars of the project will begin, said the Chairman of the National e-health Authority (NeHA), Professor Christos N. Schizas....

87. Digital, more luxurious, more efficient: the new Panamera

Porsche revamps the Panamera: the third generation of the sporting luxury sedan is characterised by a wider range of digital features, a fresh and expressive design and a broader spectrum between dynamic performance and driving comfort. ...

88. How artificial intelligence is changing Cyprus

The 8th Innovation and Entrepreneurship Forum, focusing on ''AI & Business: creating value, minimizing risks,'' held at the University of Cyprus on Tuesday (28/11), delved into the impact of artificial intelligence (AI) on business. ...

89. Cyprus allocates 65M euros for diverse tourism initiatives in 2024

The National Tourism Strategy's update has recently concluded, announced by Deputy Minister Kostas Koumis, known as "K." This undertaking commenced shortly after his assumption of office in March 2023, with an initial target to finalize it by the year's end. ...

90. Ministry's robust €65.2M budget signals ambitious 2024 plans

At 65.2 million euros, the proposed budget of the Ministry of Tourism for 2024 surpasses previous years, accounting for initial budgets and excluding additional expenditures....