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1051. Reclaiming 700,000 vacant homes could ease Greece's housing crisis

The return to the real estate market of at least 700,000 homes that are currently closed or have stood empty for a number of years could play a key role in addressing Greece’s housing crisis....

1052. FT: Loose parts detected on grounded 737 max jets

United Airlines and Alaska Airlines have uncovered loose parts on some grounded Boeing 737 Max aircraft, escalating concerns for the aerospace giant following a recent mid-air incident. ...

1053. iPhone survives 5,000-meter fall from Boeing

In a dramatic turn of events for aviation giant Boeing, the anticipation surrounding the approval of new models of its best-selling MAX jet has been overshadowed by a mid-air breach that has thrust the planemaker into the regulatory spotlight....

1054. EU Commissioner Ylva Johansson visits Cyprus to discuss migration

Commissioner for Internal Affairs, Ylva Johansson, will visit Cyprus on Tuesday, as part of her ongoing tour in Greece and Cyprus, to discuss migration management as well as the implementation of the EU Action Plan for the Eastern Mediterranean route....

1055. January Newsletter of K. Treppides & Co Ltd: EIOPA

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. A newsletter issue from Treppides is an essential tool for those who are engaged in the broader financial and business sector, as one can find through the pages all the important and current developments, as well as the latest news relating to financial, audit and assurance, tax as well as legal services....

1056. Aging global shipping fleet raises environmental concerns

The global shipping fleet has reached its oldest average age in nearly 15 years, a concerning trend as the industry faces mounting pressure to adopt greener practices....

1057. Journalism is (also) a job like any other

Since 2009, when I began working full-time in this field, I've observed the media landscape in Cyprus undergo multiple crises. From the advertising downturn following the 2008 global financial crisis—which didn't directly impact Cyprus—to dwindling sales due to the rise of the internet and social media, and further exacerbated by the banking sector's subsequent turmoil and business closures....

1058. Trump-linked companies receive $7.8M from 20 governments

In a groundbreaking report released yesterday by Democratic lawmakers, a comprehensive 156-page document titled "White House for Sale: How Princes, Prime Ministers, and Premiers Paid Off President Trump" has brought to light a complex web of financial transactions....

1059. Cyprus grapples with lingering private debt woes

In Cyprus, the European Commission consistently highlights the significant economic challenge of private debt through regular post-program or post-memorandum reports....

1060. New details emerge in Menendez's Qatari bribery allegations

In a complex legal saga, U.S. Senator Bob Menendez finds himself ensnared in deeper troubles as fresh allegations unfold....

1061. Finance Ministry undergoes administration overhaul

1062. Cyprus and UK join forces to deliver 90 tons of aid to Gaza

In a joint effort marked by exceptional cooperation, Cyprus and the United Kingdom have successfully dispatched nearly 90 tons of humanitarian aid to Gaza....

1063. ''Same-sex childbearing not allowed,'' says Archbishop George

Archbishop George of Cyprus clarifies the content of his Christmas message, which sparked political reactions....

1064. Romania and Bulgaria to be part of the EU Schengen area in 2024

According to a report in the Financial Times, Romania and Bulgaria are set to join the EU's Schengen area in March, signaling the conclusion of talks with Austria....

1065. European Commission disburses funds to six member states

The European Commission disbursed payments to six Member States Thursday, under the Recovery and Resilience Facility (RRF)....

1066. T/C leader faces bribery scandal involving former Turkish VP

Reports and a leaked audio document are causing a stir in the Turkish Cypriot community, suggesting that Fuat Oktay, former Turkish vice-president handling the Cyprus file for Ankara, received a $50 million bribe from the late...

1067. Turkish official denies corruption allegations

In response to allegations of involvement in a corruption scandal, Fouat Oktay, Chairman of the Foreign Relations Committee of the Turkish National Assembly, vehemently denied any wrongdoing. ...

1068. EC allocates recovery funds to six member states

The European Commission disbursed payments to six Member States on Thursday, marking a milestone in the implementation of the Recovery and Resilience Facility (RRF). ...

1069. Cypriot brokerage firm probed for money laundering

French and American authorities have launched an investigation into a Cypriot brokerage firm, TCR International Limited, in conjunction with a branch of BNP Paribas, following suspicions of ''aggravated money laundering.''...

1070. Landlords urged to be reasonable when pricing rentals

Marinos Keynegirou, the president of the Real Estate Registration Council, warns of escalating prices and dwindling demand in the real estate market's fourth quarter....

1071. Wolfgang Schäuble, former German Finance Minister, dies at 81

Wolfgang Schäuble, the influential former German Finance Minister and speaker of the Bundestag, passed away at 81, leaving a profound mark on European financial affairs....

1072. As 2023 ends, banks and unions lock horns on pay structures

The banks and bank employees' unions are at odds over labor issues and the signing of new collective agreements. As we approach the end of 2023, no significant progress has been made in renewing collective agreements during the outgoing year....

1073. Cyprus housing crisis deepens amid interest rate scandal

With current interest rates, the prospect of repaying a mortgage spans nearly fifty years for an average family, turning homeownership into an elusive dream....

1074. Cyprus eyes new measures amid migration challenges

There may have been progress so far in the management of migration, according to figures released by the government these days, but this is mainly due to a sharp decline in the number of applicants from African countries, ...

1075. Navigating the festive frenzy

The government is grappling with significant challenges in managing and addressing the housing needs of its building stock....

1076. How much will Christmas dinner cost this year?

The Pancyprian Consumers Association has conducted a comprehensive survey, uncovering the estimated costs of Christmas tables for families in Nicosia....

1077. 2024 budget gets green light – Inside scoop on state wage proposals

The 2024 budget was passed into law relatively comfortably, with a total of 37 MPs voting for it, while 19 were opposed. ...

1078. Half of Cyprus loans vulnerable to Euribor and ECB rates

Half of the loans in Cyprus are "vulnerable" to euribor and the European Central Bank's (ECB) key rates. In 2024 and 2025, we may not expect further increases, but rather possible decreases, according to the Central Bank of Cyprus' Financial Stability Report for 2022....

1079. Cyprus linked to Magnitsky case through luxury hotel investment

The international organization OCCRP, specializing in organized crime and corruption, has once again implicated Cyprus in investment cases related to the luxury hotel Cap St Georges in Peyia. The connection ties back to the infamous Magnitsky case, a high-profile tax fraud scandal in Russia....

1080. PwC Cyprus recognized for leading the way in ''gender equality''

PwC Cyprus was honored with the renewal of the ''Gender Equality Employer'' Certification at a ceremony held by the Ministry of Labour and Social Insurance on December 15, 2023....