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1261. Doxa Komodromou reveals shocking truths about her resignation

In a recent interview with "Kathimerini," former Deputy Government Representative Doxa Komodromou shed light on the controversy surrounding her resignation, which was closely tied to the issue of overtime payments....

1262. 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....

1263. Online applications open for child tuition and feeding subsidy scheme

As of August 28, 2023, parents of eligible children up to four years old can apply for the Child Tuition and Feeding Subsidy Scheme through a dedicated online platform. The initiative aims to provide financial support to parents for early childhood education and nutrition....

1264. Electricity bills to surge by 4.56% due to soaring fuel costs

Households are set to face another financial hit as electricity bills are expected to increase by 4.56%, coinciding with a continued upward trend in energy costs....

1265. 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....

1266. EAC brings 400,000 smart meters for all

Demetris Nathaniel, EAC's Deputy Press Spokesman, informed K that the first 40,000 smart meters will be operational by the first half of 2024, with the remainder to be installed within 2-3 years....

1267. Loans gain €8.5 million momentum

Total loans in August recorded a net increase of €8.5 million, following a significant decrease of €100 million the previous month. Meanwhile, for a second consecutive month, deposits saw a net decrease, amounting to €175.5 million....

1268. Trump ''freaks out'' in response to fraud ruling

Soon after New York Judge Arthur Engoron found Donald Trump and his adult sons liable for fraud and canceled the Trump Organization’s business certification on Tuesday, the disgraced former president freaked out about it in a lengthy all-caps rant on Truth Social that he appeared to have originally written yesterday....

1269. Bank of Cyprus woos investors at London conference

Last week, the Bank of Cyprus launched a series of engagements with investors, with a particular focus on attracting new stakeholders. This initiative took place during the BofA Merrill Lynch conference, notably at the Annual Financials CEO Conference held in London from last Tuesday to Thursday. ...

1270. School escorts back on track to aid hundreds of disabled students

The perennial issue of meeting the needs of students requiring school assistants has resurfaced as the new school year begins. ...

1271. Sepaga EMI named one of the top 20 great places to work in Europe

Nicosia, Cyprus – 26/9/2023 – Sepaga EMI, a leading fully licensed and regulated Electronic Money Institution by the Central Bank of Cyprus (License No. 115.1.3.18/2018) since 2017 takes pride in providing its clients with exceptional financial solutions for managing their funds and global payments....

1272. 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....

1273. 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....

1274. 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....

1275. 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....

1276. Fontainebleau's $3.7 billion Vegas resort finally opens

After an arduous 23-year journey, real estate magnate Jeffrey Soffer is finally realizing his dream. On December 13, the Florida-based developer will unveil his latest masterpiece in Las Vegas—a stunning $3.7 billion resort boasting seven exquisite pools, an impressive array of 36 restaurants and bars, and an exclusive rooftop club that offers breathtaking skyline vistas....

1277. 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....

1278. Essentials get affordable from November 2023

In a significant development, the Greek Tax Department has announced that the Ministerial Council, during its session on September 13, 2023, has given the green light to an official decree that modifies the VAT legislation. ...

1279. 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”....

1280. Bank refunds $500,000 to elderly customer

From Australia comes a story of corporate responsibility in the face of personal tragedy as an elderly national bank depositor had nearly AUD$500,000 returned to him out of the bank’s own pockets. ...

1281. Borrowers in a high-stakes game of loan roulette

In 2023, borrowers face a pivotal year, primarily due to the soaring levels of inflation, rising prices, and increasing interest rates. This year also carries significant importance for banks, not in terms of profits, ...

1282. EY achieves record global revenue of nearly $50 billion

EY reports record global revenue results of just under US$50b...

1283. Italy's cry for help: Facing a migrant surge amid EU discord

Italian Prime Minister Giorgia Meloni has appealed for greater European support as her country confronts a surge of people fleeing north Africa, amid growing tensions between Rome and other EU capitals over migration policy....

1284. 135% debt reduction sparks hope for economy

According to the latest data from the Central Bank of Cyprus, the private debt-to-GDP ratio has shown a significant decrease from its peak at the end of the first quarter in 2015 to the end of March 2023. ...

1285. Rising prostate cancer cases in Cyprus sound alarm bells for men's health

New data reveals a concerning increase in prostate cancer cases in Cyprus, with 656 cases detected in 2020, compared to 550 in 2019. Prostate cancer is the most prevalent form of cancer among European men, a...

1286. K. Treppides & Co Ltd: Cyprus financial market recovery or impending closure? Uncovering hidden risks

1287. EU passes borrower protection law: Your rights when borrowing money

The European Parliament (EP) has voted on rules to keep people safe when they borrow money for things like credit cards or loans....

1288. CBC governor joins EU leaders in Frankfurt

The Governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou, is in Frankfurt, Germany, to participate in the meeting of the Governing Council of the European Central Bank (ECB)....

1289. Government cuts interest income rates from 30% to 17%

The Cyprus government decided to slash taxation on interest income from 30% to 17%, Finance Minister Makis Keravnos said on Wednesday, noting that banks should follow suit in boosting income for depositors. ...

1290. Wizz Air faces reduced Christmas flight schedule due to engine faults

Wizz Air has been forced to ground some of its planes and warned it would run fewer flights over Christmas after faults were uncovered in engines used by Airbus....