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571. Cyprus scolded for failing to transpose EU laws

The European Commission has sent letters of formal notice to Cyprus for having failed to notify national measures transposing two directives regarding road safety...

572. When the ink dries, this will be the new archaeological museum

573. At least 400 migrant workers died in projects connected to the World Cup

World Cup chief Hassan Al-Thawadi said that between 400 and 500 migrant workers have died as a result of work done on projects connected to the tournament – a greater figure than Qatari officials have cited previously....

574. World's largest crypto exchange platform to set up shop in Cyprus

The FTX bankruptcy scandal a few weeks ago rocked the entire crypto world to its core, after its founder Sam Bankman-Fried, the "wonderboy" of the crypto trading world,...

575. Black Friday: See how the annual shopping event is shaping up (photos)

On Thursday afternoon, sales began to increase significantly, particularly in shopping centers that benefited from favorable weather conditions, however, as of Friday morning, traffic appears to be somewhat subdued, at least in comparison to the corresponding images from 2019....

576. EU struggles with Russian oil price cap

European Union governments remained split on Thursday over what level to cap Russian oil prices at to curb Moscow’s ability to pay for its war in Ukraine without causing a global oil supply shock, with more talks possible on Friday if positions converge...

577. 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....

578. 14 billion euros of loans on ice due to the suspension of foreclosure sales

In Cyprus, credit purchasing companies manage over 80,000 loans totaling €20 billion....

579. Archbishopric hopefuls turn attention to foreign voters

A growing number of reports on the archbishopric election in Cyprus, a high stakes political affair set to take place next month, suggest foreign voters are a big unknown as six contenders navigate a deeply divided society where influences from East and West are being renegotiated...

580. Cyprus and Greece have the highest antibiotic consumption rates in the EU

According to recent data from the European Centre for Disease Control and Prevention, Cyprus and Greece have the highest ranking in the union for antibiotic consumption and are among the European Union countries with the highest rates of antimicrobial resistance and burden...

581. Kyriakides: 'The next health crisis will be caused by antibiotic overuse'

Antimicrobial resistance is “often seen as the next big health crisis”, Commissioner for Health Stella Kyriakides said in a statement ahead of November 18th, European Antibiotics Awareness Day, commenting on a pan-European survey on antimicrobial resistance which has shown that half of Europeans still incorrectly believe that antibiotics kill viruses....

582. ECB: Banks in Italy, Portugal, Greece, Cyprus could see highest rise in NPLs

Banks in Italy, Portugal, Greece and Cyprus could suffer some of the biggest increases in non-performing loans while France, Ireland and Luxembourg could be among the best performers, the European Central Bank said in a fresh study on Tuesday....

583. Who benefits from the proposed rent-to-mortgage scheme?

The "Rent vs Instalment Scheme", now known as the "mortgage to rent" scheme, is nearing completion, with implementation set to begin in January 2023. ...

584. Humanity hits eight billion mark

A baby born somewhere on Tuesday will be the world's eight billionth person, according to a projection by the United Nations....

585. Air traffic in Cyprus expected to exceed 9 million this year

Air traffic in Cyprus will exceed 9 million passengers this year, despite the disruption in travel due to the war in Ukraine and the ensuing sanctions impost by the west against Russia, Eleni Kalogirou, Chief Executive Officer Hermes Airports, the operator of Cyprus’ two international airports, has said....

586. Slower economic growth expected towards end of year

The Cypriot economy is expected to slow down towards the end of 2022 after growing steadily during the first half of the year, according to the chapter on Cyprus from the European Commission’s Autumn 2022 Economic Forecast which was presented on Friday by Commissioner for the Economy Paolo Gentiloni....

587. Looking for a strategy to suspend foreclosure sales

To protect vulnerable borrowers and stop the economy from being impacted by decisions that could harm its integrity, a strategy for the new potential three-month suspension of foreclosure sales is being sought. ...

588. Effective management of the migration issue

Migration flows to Europe from Africa and Asia are becoming increasingly influenced by geopolitical realities and socioeconomic developments....

589. FT: Former PWC Cyprus accountants take on company's Russian clients

A group of PwC partners has launched a breakaway firm in Cyprus to take on work from Russia-linked clients that the Big Four accountants will no longer touch....

590. Why inequality is growing in the US and around the world

U.S. income inequality grew in 2021 for the first time in a decade, according to data the Census Bureau released in September 2022....

591. Health Ministry: Newly arrived migrants in Cyprus are fully screened

The Ministry of Health is conducting all necessary examinations on newly arrived immigrants in the country, according to Health Minister Michael Hadjipantelas....

592. What is causing the egg shortage?

Andreas Hadjiadamos, executive secretary of the supermarket association, and Marios Antoniou, secretary general of the Pancyprian retail association, both appeared reassuring about market egg shortages....

593. Cyprus' annual inflation rate declines to 8.6% in October

Annual inflation rate for October expected to be 10.7% in the eurozone and 8.6% in Cyprus according to Eurostat estimates...

594. €6 million chalet just one of several investments planned for the mountains of Cyprus

The new €6.3 million project in Moniatis, which is looking for a buyer, shows that investment in mountainous areas is picking up steam. With DTA's Guru projects, the creation of the Tree Hotel, hotel acquisitions by Property Gallery, and the restoration of the Berengaria Hotel in Prodromos, interest has recently begun to be more active....

595. Coronavirus, flu, and RSV: The trifecta of winter woes

Despite the marked improvement in our country's epidemiological picture, with pandemic indicators showing a decline, experts are not complacent, with the arrival of winter being viewed as particularly pivotal....

596. Slight decrease of tourist beds in the EU in 2021, Cyprus remained stable

According to data released by Eurostat, the EU's statistical service, the number of guest rooms in tourist accommodations across the EU decreased slightly in 2021 compared to 2019 but remained stable compared to 2020....

597. More Americans using iPhones over Android phones for the first time ever

More smartphone users in the US are using Apple's iPhone over Android for the first time ever, according to new data from Counterpoint Research....

598. Cyprus launches label to better market products

The new label and logo 'Cyprus made, Unique by origin' were presented by Energy Minister Natasa Pilides on Monday during the opening of the Industry Week fair...

599. President: By 2027, Cyprus will be able to export renewable energy

It is estimated that by the end of 2027 Cyprus will have an excess of renewable energy that could be exported or exchanged, in addition to the quantities that could be available from Egypt, Israel, and Greece, President of the Republic, Nicos Anastasiades, said on Friday morning, in his address at the EMGF Energy Transition Conference hosted in Nicosia....

600. Tax returns from prior years being cleared quickly

The Tax Department is proceeding rapidly with the clearing of the Tax Declarations of companies and individuals from previous years with the aim of having all the declarations cleared by the summer of 2023, Tax Commissioner, Sotiris Markides, told CNA....