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1. French ski resort shuts down forever

Due to the effects of global warming that have led to a lack of snow, a ski resort in the French Alps, La Sambuy, has decided to cease operations permanently....

2. CBC Governor Herodotou reveals breakthrough in digital finance

The Central Bank of Cyprus has completed the tender for a new digital platform for customer compliance, said CBC Governor Constantinos Herodotou, speaking at an event organized by the Association of Cyprus Electronic Money and Payment Institutions, on Thursday afternoon....

3. Keravnos expects more from banks to boost Cyprus economy

The Cyprus economy has proven its resilience in recent years, Finance Minister Makis Keravnos said Tuesday at the 4th Conference "Banking System: New Challenges and Opportunities", that takes place in Nicosia, noting that there are still challenges that the banking sector must address....

4. 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....

5. K. Treppides & Co Ltd: Cyprus financial market recovery or impending closure? Uncovering hidden risks

6. CEO confidence in artificial intelligence tempered by social, ethical and security risks

CEOs globally are embracing opportunities created by AI, but also remain wary of unknown, unintended consequences, according to the findings of the latest EY CEO Outlook Pulse survey. ...

7. Will Justice Minister and Chief of Police lose jobs over viral video?

When the video of Nikos Christodoulides' meeting at the Presidential Palace went viral the day after Limassol riots, many people thought that the Minister of Justice and the Chief of police might lose their jobs soon....

8. Cyprus aims to shine with 'Cypriot Red Soil Potato' in European market

Ministry of Agriculture, Rural Development, and Environment, is making every possible effort to address new challenges while improving the competitiveness of the agricultural sector, said the Minister of Agriculture, Rural Development, and Environment, Petros Xenophontos....

9. US anti-corruption chief shines spotlight on Cyprus

Richard Nephew, the Coordinator on Global Anti-Corruption at the US State Department, emphasized the severe consequences of corruption on economies and international investments during his visit to Cyprus....

10. Hellenic Bank reports impressive profit surge of €160.2 million

Hellenic Bank had a really good financial run in the first half of 2023. They made a profit of €160.2 million, which is a huge jump of 203% compared to last year at the same time....

11. Can sexual education truly safeguard Cyprus youth?

With a small yet significant change in our education system, the new school year is commencing....

12. China's $10 trillion hidden debt

For some time now, markets have been buffeted almost on a daily basis by gloomy economic news filtering out of China....

13. Dumping dilemma as Cyprus struggles to break the cycle of illegal waste

The problem of the existence of three illegal dumpsites in the Akamas community area has been trapped in a vicious circle of blame for years....

14. Water stress looms over Cyprus as part of global crisis

Cyprus is among the 25 countries facing extremely high water stress each year, the World Resources Institute (WRI) said in a recent study. In total, these countries are home to a quarter of the Earth's population, while at least 50% of the world's population - some 4 billion people - is under highly water-stressed conditions for at least one month of the year....

15. Cyprus faces deceleration amid inflation and rising rates

Cyprus' economy experienced a slowdown in the second quarter of 2023, prompting inquiries about the situation. According to the preliminary estimate provided by the Statistical Service, ...

16. Londoners at risk as average rents could surge to £2,700/month next year

Average rental costs in London may soar to £2,700 per month next year, new figures from City Hall suggest....

17. Global economy faces $590 trillion storm

A $590 trillion storm threatens the global economy as rising interest rates make more corporate debts problematic. ...

18. NPL crisis highlights tug of war between borrowers and legislation

The concealment, or "camouflage," of non-performing loans (NPLs) in commercial banks before 2013 and their subsequent explosion have been, and may continue to be, the most significant challenge for the Cypriot economy. ...

19. Prioritizing profits over patient safety

Kelly Hanna underwent the amputation of her leg in 2020 after a Michigan doctor, self-proclaimed as the "leg saver," damaged her arteries while attempting to clear away plaque using metal wires....

20. EY Cyprus announces five new partners

EY Cyprus is pleased to announce that its management team has been strengthened with the addition of five new partners and five new directors in 2023, reaching the total number of 31 partners of whom 6 are women, and 17 directors of whom 8 are women....

21. Parliament to vote on law for borrowers' foreclosure appeal

The news from the "Oikonomiki Kathimerini" about the suspension of first home foreclosures up to €350,000 until the end of October has been confirmed. ...

22. Siddiq applauds Cyprus' response to Russian sanctions

British High Commissioner to Cyprus Irfan Siddiq expressed his encouragement at the excellent collaboration with Government and industry in Cyprus, regarding UK sanctions of Cypriot entities linked to Russia...

23. US hails Cyprus for its efforts in combating human trafficking

The Government of the Republic of Cyprus has been recognized for its serious and sustained efforts in combating human trafficking, according to the annual report released by the U.S. State Department. ...

24. IMF says Cyprus untouched by war fallout

The economy of Cyprus is expected to slow to around 2.5% in 2023, reflecting an erosion in household incomes, tighter financial conditions, and delayed impacts from sanctions against Russia, International Monetary Fund forecasts, after the conclusion of the Article IV consultation with Cyprus...

25. New plan to safeguard vulnerable groups' homes nears approval

The Director of the Press Office of the President of the Republic, Victor Papadopoulos, announced that a new plan to safeguard the first homes of vulnerable groups in Cyprus is on the horizon. ...

26. Former Kition Bishop handed suspended sentence for assault on a minor

The former Bishop of Kition was today handed a 12-month suspended sentence after being found guilty of indecent assault on a woman 41 years ago when she was just 16 years and 8 months old....

27. EBA tightens its grip in response to sanctions

Following the uproar caused by the lists of sanctions issued by the US, UK, and European authorities, the European Banking Authority (EBA) is tightening its standards in response. ...

28. Nicosia begs to differ with ENI boss on EastMed

The Cypriot government says it does not share views on EastMed gas made by ENI boss Claudio Descalzi, who told Italian lawmakers an eastern Mediterranean gas project cannot go forward without Turkey, with Nicosia begging to differ and pointing to other companies willing to take the risk...

29. New York City could be sinking

From the Financial District’s sky-high centers of economic power to the pricey pads that rise above Billionaires’ Row, the great volume of towering buildings is part of what gives New York City its identity. But according to new research cited by the New York Post, the weight of those same buildings that give the Big Apple its soaring sense of bravado could contribute to the city's sinking....

30. Deutsche Bank agrees to $75M settlement in Epstein abuse lawsuit

Deutsche Bank AG has agreed to pay $75 million to settle a lawsuit by women who say they were abused by the late financier Jeffrey Epstein and accused the German bank of facilitating his sex trafficking....