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1201. Petrides: 'Things will be difficult in the coming years'

The government will continue supporting households, especially the vulnerable, amid rising inflation, Finance Minister Constantinos Petrides said, warning that tackling inflation is difficult due to its structural nature amid the Ukrainian crisis....

1202. EY Cyprus offers Summer Internship Programmes to university and high school students

EΥ Cyprus continues to invest in the younger generation, offering students the opportunity to enhance their skills through its Summer Internship Programmes. ...

1203. Greek island reaches record recycling rate

The Dodecanese island of Tilos has the highest recycling rate of any island in the world, officials said Tuesday....

1204. School shocked after brutal killings of kittens

Local activists say a mama cat and her three kittens that were being looked after at a Nicosia district high school were found viciously murdered last week, with reports suggesting the perpetrators could be young delinquents who have been terrorizing the school community...

1205. Op-ed: ESG, DEI and other acronyms and why we need to know about them IMHO*

Quite a few times I found myself receiving messages and having to pause and google search an acronym to understand its meaning. I’m sure I’m not alone, and it’s surely not just a Gen X symptom....

1206. EY named a leader for ESG consulting services by independent research firm

EY has been recognized by research and advisory firm, Verdantix, as a leader for environmental, social and governance (ESG) services and sustainability consulting services in its latest report, Green Quadrant: ESG & Sustainability Consulting 2022 (pdf)....

1207. #LidlEcoHacks: Lidl Cyprus’ new ecological digital initiative

At Lidl Cyprus we take our interaction with people and the environment seriously; This is why the new digital initiative #LidlEcoHacks was created and is being added within the framework of the #ProjectZero actions....

1208. Halloumi production and distribution unaffected by war

The production and distribution of halloumi have not been affected by the war in Ukraine, said the Minister of Agriculture, Rural Development and Environment, Costas Kadis, saying that what they are trying to manage is the unallocated quantities from the pandemic period....

1209. Kyriakides: 'One step closer to a European Health Union'

The foundations and backbone of the European Health Union are being laid today, Kyriakides tells CNA...

1210. UN: Obesity levels in Europe at ‘epidemic proportions’

The World Health Organization says the rates of people who are obese and overweight in Europe have hit “epidemic proportions,” with nearly 60% of adults and a third of children in one of those categories....

1211. K. Treppides & Co Ltd: Pillar Two on a Global Minimum Taxation

On 22 December 2021, the European Commission proposed a Directive on the introduction of a minimum effective corporate tax rate of 15% on large multinational enterprise (MNE) groups operating in the European Union (EU)....

1212. Plastic waste could be a thing of the past thanks to a new enzyme

Plastic waste dumped in landfills could be cleared sooner than expected after engineers developed an enzyme that can break it down in just a few hours....

1213. Cyprus and EU economies facing a 'twin problem' following the war in Ukraine

The EU and Cyprus economies are facing a “twin problem” of rising commodity and energy prices and heightened uncertainty following the invasion of Russia in Ukraine, according to discussions held by the Nicosia Chamber of Commerce and Industry and the European Investment Bank (EIB)....

1214. Cyprus energy hub hopes hanging by a thread

Nicosia is eagerly awaiting news any day now that could potentially revive the island’s hopes in the energy game, with all eyes on whether a UK-based company with contracts in Israel could find enough gas to bypass red tape and send some of it to a friendly neighbor’s hub...

1215. Facebook, Google, Stripe, Shopify investing a billion dollars in pre-orders for captured carbon

Four gargantuan tech companies have put together a $1.2 billion fund to pull carbon out of the atmosphere with a unique model that could go a long way to preventing 1.5°C of warming....

1216. EY Survey: Growing sustainability risks put pressure on law departments

Law departments around the world are facing a rising tide of risks relating to sustainability, but they do not feel that business leadership fully understands the implications, and they require additional resources to manage them effectively, according to a new study from EY Law and the Harvard Law School Center on the Legal Profession....

1217. Cyprus has at least a three-month stock of wheat for human consumption

Cyprus has enough wheat for human consumption for at least three months, Minister of Agriculture, Rural Development and the Environment, Costas Kadis has told CNA....

1218. Consulco’s London Credit Fund Q1 2022 Results

Consulco achieved a remarkable first quarter of 2022, during which our London Credit Fund achieved a dividend of £ 13.07 per unit of its Class A shares, $ 11.14 per unit for its Class C shares and € 9.00 per unit for its Class E shares. ...

1219. Cyprus reports case of unexplained acute hepatitis

Health officials in the Republic of Cyprus reported that a young child was diagnosed back in February with acute hepatitis of unexplained origin, as cases emerge across the world and some experts fearing lockdowns could be the culprit...

1220. K. Treppides & Co Ltd: Letting your property in Cyprus through online platforms (e.g. Airbnb)?

The economy of Cyprus is largely dependent on tourism, and this is evident from the fact that government revenues from tourism accounted for over 12% of Cyprus GDP in year 2019 (in accordance with publicly available statistics extracted pre Covid-19 pandemic). ...

1221. EY report: a resilient grid supported by digital solutions will underpin a successful transition to eMobility

Adoption of eMobility is not just an economic or environmental phenomenon, but a psychological one that hinges on widespread customer acceptance. The current pace of EV adoption is swift, with one- in- five vehicles sold in Europe during 2021 being electric. ...

1222. EBO and KPMG Cyprus announce strategic partnership

EBO, a leader in customer engagement automation that empowers enterprises through AI technology enters into a strategic partnership with KPMG Cyprus, a leader in Management Consulting & Technology Advisory services offering assistance to organizations by identifying and solving the challenges that stand in the way of their growth and excellence....

1223. President ready to resume Cyprus talks

The readiness and the will of the Greek Cypriot side to resume negotiations for the resolution of the Cyprus problem was conveyed by President Nicos Anastasiades to the UN Assistant Secretary-General for Europe, Asia and the Americas, Miroslav Jenča, during a meeting that took place on Tuesday morning at the Presidential Palace....

1224. Op-ed: Inflation welcomes 'Generation Z'

Inflation is the rate at which prices rise, which means that we need more money to buy the same product or service. Consequently, if your salary stays the same, then your purchasing power will decrease, as you will be able to buy fewer goods and services....

1225. ‘Immediate solutions’ test Cyprus’ take on EastMed

A US energy official urged Nicosia to seek 'other options' if the island wanted to get energy quickly into markets, with Italy doing just that earlier this week when Rome clinched a deal with Algeria to replace Russian gas imports through the Transmed pipeline...

1226. More and more women just don't want children: 'Kids are expensive and sticky'

A new world of opportunities has made millennial women about four times as likely as women from the Silent generation to have a bachelor's degree. ...

1227. 'The Cypriot economy must be diversified'

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities on March 11–28, 2022 to discuss recent economic developments and policy priorities....

1228. K. Treppides & Co Ltd- Cryptocurrencies: Regulating cryptocurrency trading in Cyprus

1229. Go green and tour the capital by bicycle this Sunday

"Cycling in the city 2022" will take place this Sunday, April 10. The event aims to promote a cycling culture on the island, underscoring its multiple benefits such as improving health, low pollution and a more environmentally friendly means of transportation, especially within the cities on the island, resulting in a better quality of life for all people....

1230. The state donated almost 7 million euros to parties

A total of 6.9 million euros was donated by the state to parties and their youth organizations in 2021. ...