Search

1861. Greek workers toiling longer, earning less

Greeks work 41 hours a week, more than any other Europeans, but are paid less. Monthly salaries do not exceed 1,038 euros on average, according to the latest figures compiled by the Single Social Security Entity (EFKA), ...

1862. How high is too high before tax relief kicks in?

Diesel prices have dipped by nine cents per liter at gas stations compared to late August, while unleaded 95-octane petrol is now six cents cheaper....

1863. Cyprus makes remarkable strides in organic farming

Minister of Agriculture, Rural Development, and the Environment, Petros Xenophontos, stated on Saturday that organic production in Cyprus has made significant progress over the last two decades....

1864. Tax return deadline extended to October 31

The Finance Ministry has announced an extension of the tax return submission deadline for the year 2022 until October 31, 2023, at 23:59. This extension comes after a proposal presented to the Council of Ministers....

1865. Eurobank to acquire Hellenic Financial Stability Fund stake

Eurobank Ergasias Services and Holdings S.A. has recently inked a conditional sale and purchase agreement with the Hellenic Financial Stability Fund. This agreement entails the acquisition of the Fund's entire stake in Eurobank's share capital....

1866. Cyprus' 'Photovoltaics for All' cuts electricity costs by 50%

In a bold move to expedite the transition to green energy, the Ministry of Energy is gearing up to unveil a groundbreaking solar energy production initiative that promises to reshape the balance between conventional and green energy sources....

1867. Holocaust memorials under attack amidst German far-right rise

Surveys show that hardcore political beliefs are spreading beyond traditionally right-wing demographic groups....

1868. Christmas villages open their doors in November

Starting from November 26th, the enchanting Christmas villages are set to welcome the public once again this year....

1869. Sheep's surprise attack on medicinal cannabis

A herd of sheep descended upon a partially flooded greenhouse in the vicinity of Almyros, Magnesia, Greece, with a peculiar appetite for medicinal cannabis. ...

1870. SYPRODAT and Government join forces to end non-performing loans

Finance Minister Makis Keravnos expressed satisfaction with the progress made in divestments and the reduction of non-performing loans (NPLs) during a meeting at the Ministry of Finance with SYPRODAT President Costas Melas and Association Director Jenny Papacharalambous....

1871. Nicosia and Limassol explore tram systems

Environment Commissioner Maria Panayiotou, alongside Nicosia's Mayor Konstantinos Giorkatzis, emphasized the necessity of commencing a comprehensive study for the introduction of tram systems in Nicosia and Limassol....

1872. Cyprus' 2022 workweek exceeds EU

In 2022, the usual working week for people aged 20-64 in Cyprus averaged 39.5 hours, above the EU average at 37.5 hours, according to data released by Eurostat, the statistical service of the EU, on Wednesday....

1873. Cyprus tops EU in internet piracy

A recent report from the European Union Intellectual Property Office (EUIPO) sheds light on the concerning issue of internet piracy within the European Union....

1874. Christodoulides meets Guterres in New York

Cyprus President, Nikos Christodoulides, meets on Friday in New York with the UN Secretary General, Antonio Guterres. ...

1875. Officials unveil bold dual vaccination strategy

Cyprus' Ministry of Health has unveiled its vaccination strategy for the upcoming fall/winter season, targeting COVID-19 and seasonal influenza. Key highlights include:...

1876. Pseudostate promoting tourism aimed at Balkan states

In the realm of foreign tourism promotion and marketing, the pseudostate actively participated in the inaugural Istanbul Balkan Tourism Exchange Exhibition (IBTB Istanbul) from September 20 to 22....

1877. Turkey and Israel forge energy partnership, mend ties

Turkey and Israel will soon begin taking joint steps in energy drilling, President Tayyip Erdogan was cited by Turkish media as saying on Thursday, adding the two countries would also operate energy networks to Europe through Turkey....

1878. Europe grapples with alarming air pollution crisis

Europe is currently in the throes of a severe public health emergency, marked by dangerously high levels of air pollution prevalent across nearly all regions of the continent. ...

1879. €369 million EIB loan for smart investments

The government has secured a €369 million loan from the European Investment Bank (EIB) with favorable terms to support expenditures and investments within the framework of the "Thalia" program. ...

1880. 22 startups aim for 10K prize

Twenty-two startups hailing from Cyprus, Great Britain, Israel, and Greece are vying for the prestigious 10,000 euro prize at the 2023 Digital Agenda Cyprus Summit....

1881. Flavored heated tobacco to be banned as Cyprus aligns with EU directives

The Council of Ministers has approved amendments to regulations, including bans and warning labels on heated smoking products with flavored substances, according to Health Minister Poppy Kanari, in a move to align national legislation with European directives....

1882. 43 undeclared workers uncovered in hotel raids

In July, the Ministry of Labor and Social Insurance's Inspection Service conducted targeted inspections at hotels across Cyprus, revealing 43 undeclared workers. This resulted in 20 Violation Notices and 19 Imposition of Fines, totaling €49,000....

1883. Focus on growth, employment control, and surplus in the 2024 budget

The 2024 state budget to be tabled to the Council of Ministers for approval next week will have three key characteristics, Minister of Finance Makis Keravnos told CNA....

1884. Consulco’s London Credit Fund; Existing & New Investment Opportunities

1885. Woman held in €15,500 theft

A 25-year-old woman, sought on suspicion of embezzling €15,500 from a Limassol café where she was employed, faced arrest just before her scheduled departure abroad....

1886. Liquidity cover hits 318% in banking

Konstantinos Herodotou, the Governor of the Central Bank of Cyprus, delivered a robust message at the TechIsland conference in Limassol....

1887. Olive oil prices soar due to shortage and weather woes

The price of olive oil is expected to rise dramatically, possibly exceeding 10 euros per liter and reaching 15 euros in Europe, according to agricultural organizations....

1888. Government considers making face-covering in protests a crime

DISY is set to present a proposal to amend the Penal Code to criminalize participating in demonstrations while deliberately concealing one's identity....

1889. Christodoulides invites Erdogan to pursue peace

Cyprus President Nikos Christodoulides, during his address to the 78th session of the UN General Assembly in New York, extended an invitation to Turkish President Recep Tayyip Erdogan to collaborate towards a vision of peace and the mutual betterment of their countries....

1890. K. Treppides & Co Ltd and EIMF partner up to offer complimentary studies and assured long-term employment

A unique agreement recently penned between K. Treppides & Co Ltd and the European Institute of Management and Finance (EIMF) offers full-time employment while covering all study costs associated with obtaining EIMF’s accredited Diploma in “Accounting and Financial Management”....