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121. First group of asylum seekers relocated to Germany from Cyprus

Repatriation flights from Cyprus to Germany and France began at the end of December as part of the EU's support policy for Nicosia in the refugee crisis. ...

122. Cyprus Banks: Vulnerabilities remain despite progress, says SSM

Cypriot banks have made progress, according to a report by the Single Supervisory Mechanism (SSM), but there are still many issues. ...

123. Cypriot fund keeps Lukoil’s sanctioned plant in the game

A Lukoil refinery in Italy might survive sanctions against Russia if it falls in the hands of a Cypriot private equity fund, with the company saying the sale could take place by March of this year after turning down a US offer two months ago...

124. 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"....

125. 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,...

126. Kyriakides: 2.7 million people diagnosed with cancer every year in EU

Commissioner for Health Stella Kyriakides will participate in the conference of the Association of European Cancer Leagues (ECL) and the Cyprus Oncology Conference during a visit to Cyprus between Friday November 11th to Monday November 14th....

127. EY achieves highest growth in nearly two decades, reports record global revenue of US$45.4b

EY announced combined global revenues of US$45.4b for the financial year ending June 2022 (FY22), an increase of 16.4% in local currency (13.7% in US dollars). This marks one of the most successful years in the history of the organization with the highest growth seen in nearly two decades attributed to the EY NextWave strategy to deliver long-term value for EY people, clients and society....

128. Urgent bill on back burner as Lone Star sleeps on it

The Cypriot parliament was in no hurry on Thursday to vote on an emergency bill that would have allowed the government to block a potential takeover of the island’s largest bank, after an American private equity fund said it would sleep on it at least until next year. ...

129. Crucial countdown as Cyprus moves to block Lone Star

Private equity firm Lone Star has until Friday to submit a binding offer to buy the Bank of Cyprus, but the island’s largest financial institution could be out of reach as the House is expected one day earlier to vote on a bill that would authorize the government to block a hostile takeover on security grounds...

130. Profits of €55.4 million in first half of 2022 for Hellenic Bank

Hellenic Bank reported a profit of EUR 55.4 million for the first half of 2022, compared to a profit of EUR 21 million in the corresponding half of 2021....

131. FT: The Bank of Cyprus/Lone Star deal is not just about price

Cyprus has attracted a different sort of visitor recently. US buyout group Lone Star has taken an interest in Bank of Cyprus, the island nation’s largest lender....

132. US-based Lone Star to revise offer for Bank Of Cyprus

US-based equity fund Lone Star said it is considering options with regard 'to the possibility of making a revised offer proposal to the Board of the Bank of Cyprus.'...

133. Bank of Cyprus announces €50m net profit in first half of 2022

Bank of Cyprus announced a profit after tax amounting to €50 million for the first half of 2022, setting its sights on dividend distribution in 2023, for the first time since 2011, depending on market conditions and regulatory approvals....

134. Cyprus scrambles to block hostile bank takeover

The government in the Republic of Cyprus is racing against the clock to arm itself with legal tools to prevent a takeover of the country’s biggest bank by an American private equity firm, which has until next month to submit a final offer that some shareholders may find hard to resist...

135. 550 employees leave Bank of Cyprus

The Bank of Cyprus announced the successful completion of a voluntary staff retirement plan. Through the Plan, approximately 550 employees have been approved for severance, ...

136. All transgender women banned from competing in British Triathlon

Triathlon has become the first British sport to ban all transgender women from competing in female events at an elite and grassroots level....

137. Deloitte opens up nominations for its accelerator for the Deloitte Accelerator for Social Innovation (DASI) awards

Deloitte has opened up nominations for its signature programme Deloitte Accelerator for Social Innovation (DASI) in the Middle East and Cyprus, providing social enterprises in the region with the opportunity to grow and scale their impact. ...

138. Can something really come from Nothing?

A consumer electronics start-up called Nothing has secured financing of more than $200mn to launch its debut smartphone, in the first attempt for several years by a newcomer to crack a market dominated by Apple and Samsung....

139. Myth-buster: IFRS 17 an accounting standard for insurance contracts

As the title attests, this short article aims at busting the myth which states that IFRS 17 – Insurance Contracts is only relevant for insurers or for companies regulated as insurance entities. ...

140. Global IPO market experiences significant slowdown in Q1 2022

141. Bank of Cyprus posts net profit of €21 million in Q1

Bank of Cyprus group announced on Thursday a net profit of €21 million for the first quarter of 2022, compared to net profit of €8 million in the first quarter of 2021....

142. 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....

143. First ever publicly financed equity fund will benefit Cyprus startups

The Ministry of Finance has long been committed to introducing a financial instrument to support startups and innovative companies with equity financing, ...

144. EIB ready to offer funding to mitigate effects of Ukrainian war on Cyprus

New investment opportunities in Cyprus, as well as funding to mitigate the effects of the war in Ukraine, were discussed on Monday by President Nicos Anastasiadis, Finance Minister Constantinos Petridis and European Investment Bank (EIB) President Werner Hoyer. ...

145. Cablenet, reports Double-Digit Growth for 2021

During 2021 revenue reached €53.5M, a healthy 14% growth over 2020. This double-digit growth in revenue was driven, largely by the significant growth in the overall Subscriber base, which recorded a 30% increase over the previous year. ...

146. Cyprus sees increase in investment funds

The number of investment funds in Cyprus recorded a new high in December 2021, reaching 257, with their total assets reaching 8.7404 billion euros, achieving a 2.4% increase, in comparison to September 2021, according to data published by the Central Bank of Cyprus....

147. Cyprus reaches new record in number of Investment Funds, €8.74 billion in total assets

The number of Investment Funds in Cyprus recorded a new high in December 2021, reaching 257, with their total assets reaching €8,740.4 million, achieving a 2.4% increase, in comparison to September 2021, according to data published by the Central Bank of Cyprus....

148. Quebec to impose tax on those who refuse COVID-19 vaccinations

Quebec will impose a tax on those who aren’t vaccinated against COVID-19 to offset their disproportionate cost to the health care system and encourage more people to get their shots....

149. University of Nicosia Joins the European University Alliance NEOLAiA as a Full Member

The University of Nicosia announces that it has joined the European University Alliance, NEOLAiA (neoaliacampus.eu), as a full member. The alliance is currently preparing and will submit an application to the European Commission in March 2022 for a grant of 14.4 million euros over the next 4 years, under the European University Alliances funding scheme....

150. Cypriot banks to reduce costs

The President of the European Banking Authority speaks to "K"...