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211. Lawmaker insists secret funds were paid to hackers

Recently hacked data from Cyprus’ land registry and the state’s flagship university were back in the news this week, after a lawmaker said he had been told that millions of secret money was paid to cyber attackers, an allegation denied by officials...

212. Cyprus banks to double net interest income in Q1 2023

Net Interest Income (NII) for the Cypriot banking sector nearly doubled in the first quarter of 2023, driven by the ECB’s rising interest rates in a bid to contain inflation....

213. Understanding price levels in Cyprus and how they compare to the EU average

According to the latest data from Eurostat, the statistical service of the European Union, the price levels for household expenses in Cyprus were 91% of the EU average in 2022....

214. Cypriot authorities take action against exploitative practices by foreign workers

The long-standing issue of domestic helpers and third-country workers taking advantage of Cypriot employers and authorities through deceitful tactics, with the aim of migrating to other European countries, has prompted the relevant departments of the Republic to implement stringent measures....

215. AUB Mediterraneo Paphos: Shaping the future of education in the Mediterranean

As the anticipation builds for the opening of the American University of Beirut - Mediterraneo in Paphos scheduled for September 2023, Kathimerini had the privilege of sitting down with Philip S. Khoury,...

216. Chocolate prices to surge

Chocolate enthusiasts should brace themselves for price hikes in the near future, as cocoa prices continue to soar. ...

217. ChatGPT lands lawyers in legal hot water

Two apologetic lawyers responding to an angry judge in Manhattan federal court blamed ChatGPT Thursday for tricking them into including fictitious legal research in a court filing....

218. 380 CYTA employees on the brink of departure

In an effort to further reduce operational expenses and renew its workforce, Cyta has implemented another voluntary employee exit plan, targeting individuals who meet specific conditions....

219. FinMin underlines the importance of disciplined policy

The contact circle with the banks has not been completed, and there will be a new one to adopt measures that will provide relief to borrowers regarding the increased interest rates....

220. Pentecost weekend to boost tourism in Protaras

Last-minute reservations are typical for the Pentecost long weekend, as described by tourism professionals....

221. Cabinet approves tax deductions for businesses and extends tax payment deadline

The Cabinet approved several important measures on Wednesday, including a bill on tax rebates for businesses for energy upgrades, an extension of the tax payment deadline, and a suspension of the obligation to file tax returns for individuals with a taxable income below €19,500....

222. Why are food prices so high in Europe?

It is the most basic of staple food items: sliced white bread. In Britain, the average price of a loaf was 28 percent higher in April, at 1.39 pounds, or $1.72, than it was a year earlier....

223. Cyprus tourism soars despite Russian sanctions

Tourism in Cyprus appears to be recovering from the repercussions of sanctions on Russia, following the invasion of Ukraine, recording an increase of 8% compared to 2019 which was a very good season for the island, according to figures discussed on Tuesday during a parliamentary committee on tourism in the presence of Deputy Minister of Tourism Kostas Koumis....

224. US congressman arrested for fraud and money laundering

US Republican congressman George Santos has been arrested in New York on federal charges of fraud, money laundering and theft of public funds....

225. Police impersonation scam alert!

The police are urging the public to be extra cautious following new reports and complaints of a scam that continues to be perpetrated with the aim of stealing money....

226. Expanding Profitability and Strengthening Capital Position

Group Financial Results for the year ended December 31, 2022...

227. New law will require presidential candidates to disclose donations

Today (Wednesday, April 26), the Parliament's Institutions Committee began discussing the law proposal submitted by DISY MP and chairman of the Committee, Demetris Demetriou, on behalf of his party's Parliamentary Group, ...

228. Cypriots buy more food than needed

A recent report has found that Cypriots have a tendency to purchase more food than they actually need, leading to unnecessary waste and higher expenses...

229. Thinking of investing in real estate? Don’t do it.

A lack of financial literacy can lead people to consider investing in direct real estate. This a provocative statement to say the least, so let me explain....

230. Bank of Cyprus: 71 million in profits in 2022

Bank of Cyprus' profit for 2022 was 71 million euros, up from 30 million euros in 2021....

231. Wronged worker slams Cyprus over migration crisis

Thousands of asylum seekers in Cyprus were sent back to their countries last year but one foreign worker, who feels he has no good options following a dispute with his employer, says many people who come to work on the island are forced to seek asylum because the system is not in their favor...

232. Averof received funds from Russian oligarchs, says Nikolas

Phedonas Phedonos has mentioned Averof Neofytou in relation to his complaint about Russian oligarchs financing a candidate, says DIKO President Nikolas Papadopoulos....

233. The demand for new homes is dwindling

The large investments and development projects mentioned by Minister of Transport and Works Yannis Karousos in his ministry's recent project presentation may have kept the construction and real estate sector afloat until 2022, but the industry still faces challenges....

234. Colocassides calls on candidates to reveal their donors

235. Prostitutes gather in Davos for annual meeting of global elite

The global elite tackling the world's problems at the Davos summit including gender inequality is fuelling a surge in prostitution in the Swiss resort....

236. Housing, water and energy take up 25% of EU household expenses

In 2021, ‘Housing, water, electricity, gas and other fuels’ represented a quarter (25.0%) of EU household expenditure and 17.1% of household expenditure in Cyprus, according to Eurostat, the statistic service of the EU....

237. The week that shook Brussels saw a police stakeout, piles of cash, and reform promises

The police had been waiting since dawn. Officers from the special unit of Belgium’s federal police gathered on Rue Wiertz, close to the European Parliament in Brussels. ...

238. €36 million loss so far reported by banks this year

The banking system reported a loss after tax of €36 million on a consolidated basis in the first nine months of 2022, compared to a profit of €22.54 million in the corresponding period of 2021....

239. The 2023 Budget in the vortex of the elections

The government of President Anastasiades has just submitted its final budget, for 2023. DISY will undoubtedly support the budget, but it will be interesting to see what position it will take if and when the polls are confirmed....

240. December charity fashion bazaar for families in need

A FASHION Bazaar is being put on by the Alcyonides Charity Association in December 2022. This event has been a yearly tradition for some time and is crucial for raising money for the causes that Alcyonides is committed to supporting....