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571. Keravnos attends Brussels ECOFIN meeting

Minister of Finance Makis Keravnos is in Brussels to take part on Monday in the meetings of the Eurogroup and the EU Finance Ministers Council (ECOFIN)....

572. 'One Stop Shipping Centre' launched to boost competitiveness

The One Stop Shipping Centre has set sail in Cyprus, marking a significant development for the Cypriot shipping industry. Launched by the Deputy Ministry of Shipping under the President of the Republic,...

573. Europe faces weak growth amid global uncertainty

In a comprehensive survey released today, leading economists express apprehension about the global economy, anticipating a year of sluggish growth, primarily attributed to geopolitical conflicts, challenging financing conditions, and the impact of artificial intelligence. ...

574. Dr. Anastasatos forecasts bright future for Cyprus economy

Eurobank group's chief economist, Dr Tasos Anastasatos, expresses optimism about the Cyprus economy, emphasizing that the decision to expand the group's banking presence in Cyprus is linked to these positive economic prospects....

575. US Ambassador addresses Cyprus reunification in TV interview

In an interview today Mera Mesimeri, the US Ambassador to Cyprus, Julie Fisher, addressed various topics, including the implications of the appointment of Cuellar and the ongoing challenges in the region....

576. Allegations of bank interference surrounding reshuffle speculations

In the midst of last week's political reshuffle speculations, with Irene Piki, the current Deputy Minister to the President, being touted as the likely successor to the Finance Ministry, a new leak from the President's office raised eyebrows...

577. President contemplates restart amidst manipulation claims

The official first was Wednesday, January 10, for the new members of the Government after they officially received their portfolios from the President of the Republic Nikos Christodoulidis....

578. 78% of gyms in Cyprus operate illegally, posing risks to consumers

In a startling revelation, the Pan-Cyprian Association of Gym Owners (PASIGY) disclosed in a press conference on Tuesday that a staggering 78% of private gyms in Cyprus are operating without the necessary licenses....

579. African migrants pivot to U.S. amid Europe's closing doors

As Europe tightens its immigration policies, an increasing number of African migrants are setting their sights on the United States for a fresh start....

580. Global economy faces worst 5-year period in 30 years

The World Bank projects a sluggish global economy from 2020 to 2025, marking the worst five-year period in the last three decades....

581. Persianis reveals limited cooperation with Finance Ministry

For the limited cooperation with the Ministry of Finance, for the wrong interpretation of the research with a political prism and for the fiscal risks, the President of the Fiscal Council of Cyprus......

582. Occupied areas to feature on Google's StreetView

A protocol for the integration of roads in the occupied territories into Google's platforms was signed by the ''Minister of Public Works and Transport,'' Erhan Arikli, and the Director of Fact Innovation and Technologies Ltd, Sadi Yolgetsen....

583. Greece rolls out 'climate resilience levy' to fund post-disaster reconstruction

In an effort to finance reconstruction projects following severe forest fires and floods, the Greek government has introduced a new accommodation tax, referred to as the 'climate resilience levy.'...

584. Aging global shipping fleet raises environmental concerns

The global shipping fleet has reached its oldest average age in nearly 15 years, a concerning trend as the industry faces mounting pressure to adopt greener practices....

585. 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....

586. US cities struggle as record 36,000 migrants arrive

The United States finds itself at a pivotal moment as cities across the nation grapple with a surge in migrants, placing President Joe Biden under increasing pressure from both Republicans and Democrats....

587. 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,...

588. CIFA projects optimistic 2024 for Cyprus investment funds amid challenges

The Cyprus Investment Funds Association (CIFA) has expressed optimism for the Investment Funds sector in Cyprus in 2024, projecting another positive year despite existing challenges and uncertainties, according to a press release. ...

589. Journalism is (also) a job like any other

Since 2009, when I began working full-time in this field, I've observed the media landscape in Cyprus undergo multiple crises. From the advertising downturn following the 2008 global financial crisis—which didn't directly impact Cyprus—to dwindling sales due to the rise of the internet and social media, and further exacerbated by the banking sector's subsequent turmoil and business closures....

590. UN Chief expresses concern over deepening divide in Cyprus

''It becomes clearer with every passing year that the divide between the sides is growing, gradually eroding the prospects of finding a mutually acceptable political settlement''...

591. Red Sea hit by explosive drone assault

In a significant maritime incident, a drone boat laden with explosives has detonated in the Red Sea, as confirmed by the US navy....

592. Cyprus grapples with lingering private debt woes

In Cyprus, the European Commission consistently highlights the significant economic challenge of private debt through regular post-program or post-memorandum reports....

593. Finance Ministry undergoes administration overhaul

594. ''Same-sex childbearing not allowed,'' says Archbishop George

Archbishop George of Cyprus clarifies the content of his Christmas message, which sparked political reactions....

595. Cyprus makes the cut in new tax-friendly nations list

In a recent announcement, the Ministry of Finance shed light on the revised list of countries enjoying preferential tax status under the Independent Authority for Public Revenue of the Hellenic Republic (IAEA)....

596. Half of container ships avoid Red Sea due to attacks

In a dramatic response to mounting security threats, half of the container ships navigating the Red Sea and the Suez Canal are steering clear of the danger zone....

597. Cypriot brokerage firm probed for money laundering

French and American authorities have launched an investigation into a Cypriot brokerage firm, TCR International Limited, in conjunction with a branch of BNP Paribas, following suspicions of ''aggravated money laundering.''...

598. 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....

599. Wolfgang Schäuble, former German Finance Minister, dies at 81

Wolfgang Schäuble, the influential former German Finance Minister and speaker of the Bundestag, passed away at 81, leaving a profound mark on European financial affairs....

600. 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....