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121. Israeli authorities probe suspected insider trading ahead of Hamas attack

In a recent development, Israeli authorities are delving into allegations raised by US researchers who suggest that certain investors might have had advance knowledge of the Hamas plan to attack Israel on October 7....

122. Developer's double plea amidst partially frozen road project in Akamas

None of those who attended the meeting of the Environment Committee left any wiser about what is happening in the projects that have been carried out in recent months for the first phase of improvement of part of the road network of the Akamas National Forest Park....

123. Fiscal Council cautions on 2024 economic risks despite optimism

Recently, the Cyprus Fiscal Council took a close look at how our economy is doing. They gave us some important info based on their study....

124. EY Cyprus redefines corporate reporting landscape at 3rd annual insights event

EY Cyprus organised its 3rd Annual Corporate Reporting Insights event titled ‘Connectivity: Reforming Corporate Reporting.’ ...

125. November Newsletter of K. Treppides & Co Ltd: European Banking Authority (EBA)

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...

126. DAC6 revisited through the prism of DAC8

The Directive on Administration Cooperation (''DAC'') has been amended multiple times since 2011 to allow for the automatic exchange of information across multiple fields of taxation....

127. Hellenic Bank rakes in €240.7M in 2023's first 9 months

Hellenic Bank announced on Tuesday a profit of €240.7 million for the first 9 months of 2023....

128. Pocket drain or green gain? Denmark's tricky tax call

Airports Council International Europe has issued a cautionary note to the Danish Government, discouraging the introduction of a passenger tax averaging 100 Danish krone or $14 (€13.41) on air travel....

129. Five brave souls fall in US military chopper disaster off Cyprus

In a heartbreaking incident, five American service members lost their lives in the eastern Mediterranean as a U.S. military MH-60 helicopter crashed during routine training, about thirty nautical miles off Cyprus....

130. Elizabeth McCaul unveils hidden financial dangers

A strong signal highlighting the need for closer scrutiny of non-bank financial institutions comes from Frankfurt, as Elizabeth McCaul, a member of the European Central Bank's Supervisory Board, emphasizes the potential risks....

131. Seven ways to boost Cyprus’ economy and competitiveness

The Cyprus economy needs seven important pillars to respond to the increasingly volatile environment, achieve greater growth, gain a more resilient and competitive economy, and develop innovation and more growth potential, according to PwC CEO Philippos Soseilos....

132. Cyprus banks bracing for profit squeeze according to Moody's

Moody's believes that Cyprus' small and saturated banking sector, the banks' limited loan portfolio, and low fee and commission income will restrict opportunities for growth in domestic banks' activities and profitability in the long term....

133. No foreclosures on first homes until the end of 2023

In a development concerning foreclosures, four months after the summer 2023 decisions, the data remains unchanged. Banks and credit redemption companies have been urged to provide a two-month grace period for first homes and properties up to 350 thousand euros. ...

134. McDonalds Israel in the hot seat for giving away 100,000 free meals to soldiers

Tensions are playing out at McDonald’s locations across the Middle East as the Israel-Hamas war rages on....

135. Pfizer doubles price of lifesaving COVID-19 drug to $1,390

The price of the lifesaving COVID-19 antiviral medication Paxlovid will more than double as the United States transitions out of the emergency phase of the pandemic, drugmaker Pfizer said Wednesday....

136. Netherlands tops global pension rankings with AI-driven excellence

A new analysis, ranking 47 pension systems across the world, has shed light on the growing impact of AI on pension systems....

137. Israeli-Hamas war puts Cyprus and Egypt at forefront of credit risks

Cyprus and Egypt are currently facing the most direct credit risks among countries rated by Scope Ratings due to the Israeli-Hamas conflict, warns the German firm....

138. Electricity link connects Israel, Cyprus, Crete, and Greece

In a significant development for the energy sector, George Papanastasiou, the Minister of Energy, Trade, and Industry, expressed his warm welcome for the forthcoming implementation of the electricity interconnection project connecting Israel, Cyprus, Crete, and mainland Greece....

139. Cyprus in need of a literary renaissance

From this column, we've emphasized numerous times the pressing need for substantial state support within the book sector....

140. Cyprus banks secure Moody's upgrade to investment status

After 12 years, Moody's has upgraded the ratings of Cyprus' two major banks, Bank of Cyprus and Hellenic Bank, placing them in the investment category....

141. 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....

142. 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....

143. 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....

144. 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....

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

146. 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. ...

147. 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....

148. 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....

149. 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....

150. 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....