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481. The landscape of bank equity is changing in Cyprus

A day before 2022 came to an end, Eurobank made the announcement that it had added 3.2% more shares of Hellenic Bank, bringing its total to 29.2% (pending regulatory approval), and altering the bank's balance "for good"....

482. Trendsetter company buys Cyprus’ most expensive property

The most expensive piece of real estate in Cyprus is off the market, following news that a global trading platform will buy the stunning beachfront property after a decade-long presence on the island...

483. EAC demands to be revisited on January 13

484. Cyprus' national minimum wage takes effect on first day of 2023

National Minimum Wage in effect in Cyprus for the first time in January...

485. Economic events that will be remembered in 2022

The energy crisis, which intensified after Russia's invasion of Ukraine and resulted in skyrocketing gas prices, took the lead throughout the year....

486. Nicosia scrambles to block north recognition

The Republic of Cyprus is scrambling to block the Turkish Cypriot administration from upgrading its status in the northern part of the divided island, with Greek Cypriot officials in the south confirming reports of new counter measures with diplomatic missions to countries including Gambia...

487. Officer injured in clash outside foreclosed property

The owner of a foreclosed property in Paphos was arrested on Thursday following an altercation outside an apartment complex, where a female police officer was injured...

488. 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....

489. The Belgian wheel is in motion...

Many Cypriots live in a state of frustration. How did Belgian authorities respond decisively to the well-known case, while the island's law enforcement took two weeks to visit Syllouris?...

490. €651.4 million of government surplus recorded until September 2022

Cyprus' general government surplus rose to 651.4 million for the period of July-September 2022 compared with a surplus of €319.5 mn recorded in the respective period of last year, according to preliminary general government fiscal results....

491. Unemployment rises to 6.8% in third quarter of 2022

Unemployment in Cyprus in the third quarter of 2022 rose to 6.8% of the total workforce, compared with 6.6% in the respective period of last year, according to the Labour Force Survey, published by the Statistical Service of Cyprus (Cystat) on Thursday....

492. Wolt responds to their delivery personnel strike

In recent hours, images of delivery people from a particular digital platform participating in a protest march have circulated online, raising questions about the organizational structure for delivery persons in the restaurant and digital product distribution industries. In this instance, it is Wolt employees. Akis Stamoulis, the company's communications manager, responded to "K's" specific questions....

493. NHS nurses walk out in first strike in over a century

Nurses across much of the UK launched a historic strike on Thursday, as they walked out of hospitals and onto picket lines after several years of falling pay and declining standards left the country’s nationalized health care system in a state of crisis....

494. TikTok to be outlawed on US government-owned devices

The US Senate late on Wednesday passed by voice vote a bill to bar federal employees from using the Chinese-owned video-sharing app TikTok on government-owned devices....

495. Leading the real estate industry at the KEBE Awards

This year we are very proud to announce that Pafilia‘s Managing Director was awarded Business Leader for the Construction, Property and Real Estate Sector....

496. Risk of power cuts next week

Due to a disagreement between the management of EAC and its employees, the nightmare of a power outage next week will return in December....

497. Cabinet approves 'vehicle history database'

The Council of Ministers today approved an amendment to the Motor Vehicles and Traffic Movement Regulations that will create a database that will record the history of vehicles involved in accidents....

498. Tying up loose ends at Hellenic

Hellenic Bank experienced several changes in 2022, as it closed outstanding issues while also opening new chapters. Hellenic Bank made changes to its top management, staff, shareholding composition, and labor issues in the fourth quarter of 2022, ...

499. Germany needs 400,000 employees annually to cover labor demands

Due to Germany’s aging population which results in a lack of qualified workers, the country’s labor market is at risk, with authorities left to count on target migration as a solution for the situation. ...

500. Dept of Labour: 'Our social security fund is sound'

According to the Ministry of Labour and Social Insurance, the General Social Insurance Plan's most recent actuarial study shows that the amendments made up until 2012 ensure the long-term viability of the Social Insurance Fund and that,...

501. ICT specialists crucial as 80% of companies still allow remote work

According to the results of the survey on information and communication technologies (ICT) usage and e-commerce in businesses in 2022, published on Thursday by the Cyprus Statistical Service, more than 80% of businesses with ten or more employees provided mobile devices with access to the internet and business email in 2022....

502. Blabbermouth cop stirs pot in domestic violence trial

An unusual arrangement between a police officer and his girlfriend in rural Nicosia, where the separated couple manage a farm together under a restraining order, took a sudden turn when the cop’s claims he had rekindled the relationship fell flat after admitting to an inquisitive judge that he did so by calling her on his mobile phone while in jail...

503. Over half a billion euro in government surplus so far this year

Preliminary General Government fiscal results indicate a surplus of €556.4 mn for the period of January-October 2022, according to data prepared and published by the Statistical Service of Cyprus on Wednesday....

504. Averof: 'Technology firms can't find qualified Cypriot workers'

Averof Neophytou, Presidential Candidate and President of the Democratic Rally, stated after his visit to Murex that the global and Cypriot markets are in need of programmers and technology professionals....

505. €76.4m profit in first 9 months of 2022 for Hellenic

Hellenic Bank announced a profit of €76.4 million for the first 9 months of 2022. According to the Group Financial Results for the nine-month period, ...

506. ETIAS set to enforced by November 2023

The work on the European Travel Information and Authorisation System (ETIAS) has moved forward, with the European Border and Coast Guard Agency (Frontex) revealing on Monday that a new body will be responsible to ensure the system functions in accordance with fundamental rights has started its work....

507. €100 million for companies affected by the covid pandemic

The European Commission has approved a 100 million euro Cypriot scheme to support companies and self-employed persons affected by the coronavirus pandemic, under the European Union’s State aid COVID Temporary Framework....

508. Apple supplier apologizes, offers $1400 payout to quell protests

Apple’s manufacturing partner Foxconn has offered payouts of Rmb10,000 ($1,400) to newly recruited staff who elect to leave the iPhone factory and vowed to honour pay agreements, in an attempt to quell unrest after workers violently clashed with police....

509. Walmart store manager kills 6 then turns gun on himself

A Walmart employee killed six people and wounded several others before fatally shooting himself at a store in Chesapeake, Virginia, authorities said on Wednesday, in the latest episode of gun violence in the United States....

510. Homelessness on the streets of the capital (Photos)

Citizens in the heart of the capital are faced with a depressing sight. The image of two homeless people, a father and son, whose story is well known among the locals, sleeping on the streets of Makarios Ave....