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1201. Bank of Cyprus: 71 million in profits in 2022

Bank of Cyprus' profit for 2022 was 71 million euros, up from 30 million euros in 2021....

1202. EY Cyprus participated in the 6th Cyprus International Tax Conference

EY Cyprus has, once again, sponsored and participated in the 6th Cyprus International Tax Conference, titled ''The evolving landscape: Adopting to new challenges and opportunities,'' which took place on Tuesday, February 14th at the Hilton Nicosia hotel. ...

1203. Lagarde announces a new interest rate hike in March

European Central Bank President Christine Lagarde reiterated in a speech to the European Parliament that the ECB intends to raise borrowing costs by half a point next month....

1204. PwC: 5.2 billion in real estate transactions in 2022

Transaction volumes in the real estate and land development sector have surpassed those of 2019. According to the most recent PwC Cyprus publication, the total value of transactions in 2022 will reach €5.2 billion,...

1205. Cyprus Land Development received 11.1 million from the passport program

The Cyprus Investment Program, also known as the passport program, brought in €11.17 million for the Cyprus Land Development Corporation between 2019 and 2022....

1206. Averof to Christodoulides: 'You can rely on DISY'

The meeting between President-elect Nicos Christodoulides and DISY President Averof Neophytou was described as "excellent" by President-elect Nicos Christodoulides....

1207. The ten-day stretch that ended DISY's crisis

When Averof Neophytou's disqualification from the second round was locked in on Sunday night, he made sure to call his two rival candidates in time to congratulate them on their victory. ...

1208. Sales to foreign buyers hit 16 year high

During January 2023 foreign buyers deposited 594 contracts of sale at Land Registry offices across the island. Moreover, these accounted for 54% of all sales; the first time since 2007 that the number of foreign sales has exceeded domestic sales....

1209. Apartment prices continued its upward momentum in Q4 2022

Apartments continued to drive the rising real estate prices in the fourth quarter of 2022, data published by the Aks WiRE Index show....

1210. Cyprus drives hard bargain on EU migration money

Outgoing Cypriot President Nicos Anastasiades will note the disproportionate burden for the Republic of Cyprus due to the increased migration flows, during the European Council summit taking place on Thursday and Friday in Brussels, highlighting the instrumentalization of the migration issue by Turkey...

1211. Marina Association 'surprised' by statement on Paphos marina

The development of Paphos Marina is moving forward, thanks to a Cabinet decision. This has been an issue for decades, and when the Deputy Minister of Tourism took office, he re-launched an effort to promote the project by preparing a feasibility study for its construction....

1212. Which names are being floated for the position of Finance Minister?

The new ministerial team will be assembled beginning Monday, February 13. Nicos Christodoulides and Andreas Mavroyiannis, the two candidates for the Presidency of the Republic of Cyprus, will bring in new faces to staff their Ministries....

1213. 'Mortgage to rent' plan approved

The Cabinet has approved the Treasury's proposal to establish a "rent versus installment" scheme known as mortgage to rent....

1214. The challenges in the field of mobility

To persuade voters that they are the most qualified, each candidate has delivered their election platforms, taken part in debates, and traveled the nation....

1215. 'Buy Nothing Project' gaining ground worldwide

It was not until after Angela Parker, 53, had raced across her north Atlanta neighborhood to nab eight leftover, thick-cut slices of ham with gravy from the porch of someone she didn't know that she began to ask herself some questions. Was it weird to eat a stranger's porch ham? Was it safe? Would the ham be worth it?...

1216. Christodoulides certain he will be the next president of Cyprus

Presidential candidate, Nikos Christodoulides, has expressed certainty that he will be the winner of the elections, noting that he will seek to have meetings with Cyprus President, Nicos Anastasiades, and Democratic Party leader, Averof Neofytou, in view of the second round of the presidential elections that will take place on February 12....

1217. DISY will now face difficult decisions

The embarrassed expressions on the faces of government and DISY executives who had rallied around Averof Neophytou after his defeat were indicative of the difficult dilemmas DISY will face in the coming day. ...

1218. Secrets of the A380: What passengers never see

1219. Cyprus at the crossroads

South African citizens/voters had two choices in deciding their country's future in 1990. The first option was to maintain the status quo, which would have resulted in a major civil war that would have destroyed the country and resulted in many deaths....

1220. Registered unemployed increased by 8.6%

The unemployed persons registered at the District Labour Offices recorded an increase of 8.6% in January 2023, compared to January 2022, reaching 16,758 persons, according to data published by the Statistical Service on Friday....

1221. Interest rates in Cyprus continues its steady rise

Interest rates in the Cypriot banking system continued rising in December in the context of the ECB’s monetary normalization policy to tackle high inflation....

1222. Half a billion euro investment in digital transformation

Over the next five years, a little more than half a billion euros (€512 million) will be set aside for digital transformation. ...

1223. The new president and finance minister will face new challenges

We are only a few days away from voting for the new President of the Republic. ...

1224. Averof Neofytou speaks to Oriana Papantoniou on 'Diaspora News'

The candidate for the Presidency of the Republic and President of DISY, Averof Neofytou, gave an interview with "SPOR FM 95.0" and the show "DIASPORA NEWS" with journalist Oriana Papantoniou at noon on Tuesday (31/01)....

1225. Elections: The political 'crash test' in Brussels

In the interim between the two rounds of presidential elections, EU leaders will convene in Brussels for an extraordinary European Council on migration management and ensuring Europe's economic competitiveness. ...

1226. Alpha Bank Cyprus Ltd: Mr. Miltos Michaelas as new CEO

The Board of Directors of Alpha Bank Cyprus Ltd, decided on the appointment of Mr. Miltos Michaelas to the position of CEO of Alpha Bank Cyprus Ltd....

1227. CBC: Household debt at 77% of GDP

The household debt ratio stood at 77% of the Gross Domestic Product (GDP) at the end of September 2022, marking a slight decrease compared to the previous quarter, due to the increase in GDP, according to data published by the Central Bank of Cyprus on its website on Tuesday, in the "Quarterly Financial Accounts" edition, for the reporting quarter ending September 2022. ...

1228. A large number of foreclosure notices to be sent tomorrow

Today, Tuesday, January 31, 2023, marks the end of the most recent three-month suspension of divestments imposed by a resolution of the House of Representatives. ...

1229. Guarantor wants off the hook over old bad loan

Cyprus’ financial commissioner came to the rescue of a loan guarantor who says he should not have to pay anything because a former credit union had failed to send him default notices 'without delay' concerning non-payment by the primary beneficiary...

1230. I don't want to live in half a country

I was born a refugee, far from my birthplace. Half Kyrenian, half Famagustan. I adored my hometown despite never having lived there... I do not want to live in half a country, so the Cyprus issue is a major factor in my decision to support Averof Neofytou. But why is this so?...