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31. Court detains suspect in Metamax pyramid scheme

A 54-year-old man arrested in connection with the ''pyramid'' fraud scheme known as Metamax has been ordered detained for eight days by the Limassol District Court, according to proceedings held on Saturday, July 6th. ...

32. Alphamega and Bean Bar ranked among the top 20 Investors in People employers worldwide

33. Greece bucks trend with six-day work week

Greece has introduced a six-day working week for certain businesses in an effort to increase productivity and employment, according to a report by CNBC. ...

34. Cyprus trade sector sees 20.7% surge in 2022 turnover

Turnover in the broad trade sector increased in 2022 by 20.7%, according to the results of the Wholesale and Retail Trade Survey, published by the Statistical Service on Wednesday....

35. CBC to keep dividends low despite bank profits

The increased profitability of Cypriot banks, will not affect the supervisory authorities’ views over the necessity to maintain a prudent policy with respect to banks’ dividend payments, the Central Bank of Cyprus said in its annual report for 2023, published on Wednesday....

36. Cyprus tightens laws to combat illegal employment

The Council of Ministers has approved three new bills aimed at cracking down on illegal and undeclared work....

37. Is Larnaca the new Limassol?

Larnaca is dynamically emerging as a key player in investments and major developments, making significant strides in recent years and capturing a new image....

38. New era in Cyprus local governance begins with 20 new municipalities

Cyprus is undergoing a significant local government reform aimed at enhancing service quality, financial and administrative autonomy, and transparency. ...

39. Philippine Foreign Secretary strengthens ties in Cyprus

In a historic visit to Cyprus, Philippine Foreign Secretary Enrique A. Manalo met with Foreign Minister Constantinos Kombos to discuss strengthening bilateral relations between the two nations....

40. Cyprus to sell €1 billion bond after improved credit ratings

The Republic of Cyprus is expediting its return to the financial markets, seeking to leverage recent credit rating upgrades by Fitch and Standard & Poor's......

41. Cyprus cuts migrant arrivals by 50%, earns European praise

Cyprus continues to grapple with a significant migration challenge, a situation that has evolved into a complex and multifaceted issue. ...

42. CBC projects 3% GDP growth in 2024

The Central Bank of Cyprus has revised its 2024 forecast for GDP growth to 3%, from 2.8% that was expected last March, mainly due to the upward revision of domestic demand, while it maintained its forecast for growth in the years 2025 and 2026, at 3.1% and 3.2%, respectively....

43. €102.3M spent on 275,000 people trained on 30,500 programs

In the last five years, 275,000 people participated in 30,500 training programmes of the Human Resource Development Authority of Cyprus (HRDA) and the total expenditure reached to 102.3 million euro,...

44. Cyprus and Montenegro sign maritime cooperation agreement

Cyprus and Montenegro have signed a Memorandum of Understanding to mutually recognize the certificates of competency for merchant ship officers issued by both countries. ...

45. Supreme court to decide on auditor general's dismissal objection

At 9:30 p.m. on June 5, the Council of the Supreme Constitutional Court will announce its decision on a preliminary objection raised by Auditor General Odysseas Michaelides. ...

46. Mario Nava advocates bicommunal energy project in Cyprus

A bicommunal photovoltaic power plant would increase cooperation in the energy field and build trust, Mario Nava, the Director-General of the European......

47. Larnaca port workers to transition with new management

The government, alongside port and marina workers' representatives, have struck a deal, announced Minister of Labour Yiannis Panayiotou......

48. Hearings have begun in the Auditor General dismissal case

Proceedings have begun at the Supreme Constitutional Court regarding the Attorney General's application to dismiss Auditor General Odysseas Michaelides. The preliminary issue raised by Michaelides' legal team questions the constitutional authority of the Attorney General to seek such a dismissal....

49. Over 4,000 fewer unemployed in Cyprus

Cyprus is rejoicing as the latest figures from the Statistical Service of Cyprus (Cystat) reveal a significant boost in its labor market, with the unemployment rate plummeting to a joyful 6% in the first quarter of 2024....

50. Labor shortage hits Antiparos island

The small Aegean island of Antiparos is in a fever of preparations for the summer’s tourism miracle. ...

51. Banks stress need for government support in ESG initiatives

Banks are urging a combination of government and regulatory policies to achieve a healthy, effective, and optimal green transition in Cyprus....

52. Cyprus among top 3 in Eurozone growth for 2024

Cyprus stands out as one of the top performers in the Eurozone, boasting a robust growth rate for the year 2024, as announced by government spokesperson Constantinos Letympiotis today....

53. The Minister of Agriculture at the Green Agenda Cyprus Summit

Dr Maria Panayiotou studied History and Archeology at the University of Cyprus from where she graduated in 2004 with honors....

54. Government employment surges by 5.2% in 2024

Government employment surged by 5.2% in the first four months of 2024, reaching a total of 54,837 individuals, according to data released Monday by the Statistical Service. By April 2024, the number climbed further to 55,253, revealing a breakdown of personnel across various sectors....

55. Global talent crisis: Desire for international experience skyrockets

EY survey shows 75% of employers do not have fully developed mobility functions vital for meeting modern business and talent demands....

56. Ellinikon, Europe's largest smart city, begins its transformation

57. Foreign students welcomed into labor market

Labour Minister Yiannis Panagiotou announced on Tuesday the government's decision to enhance foreign students' access to the labor market, citing its significance in the country's development planning...

58. Cyprus welcomes foreign workers amidst hotel staffing crisis

The accord forged by the Ministry of Labour alongside employer and trade union representatives to tackle workforce shortages, especially prevalent......

59. Cyprus shipping industry trying to attract high school students

An educational workshop to enhance maritime awareness and visibility among young people in the professional sector was organized under the auspices of the Shipping Deputy Ministry, the Cyprus Shipowners' Association, and the Ministry of Education....

60. Agreement reached on foreign worker policy

In a significant development, all social partners have come to an agreement regarding the participation of foreign workers in Cyprus' labor market. Labour and Social Partners Minister Yannis Panagiotou announced the breakthrough, highlighting the importance of cooperation among stakeholders in addressing challenges facing the job market....