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1261. December Newsletter of K. Treppides & Co Ltd

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

1262. Eva Kaili: From city council to city prison

1263. Cyprus Airways flights up 406% in November compared to last year

Cyprus Airways announced today that a 406% increase was recorded in flights last November, compared to the corresponding month in 2021....

1264. Finance Ministry: 'Cyprus economy will not enter a recession'

There will be a significant slowdown in economic activity next year, we will be affected by increased energy prices and borrowing costs, but "inflation in Cyprus is being reined in at lower levels" compared to other European member states, ...

1265. EU Parliament halts work on Qatar-related cases

The European Union’s parliament voted Thursday to suspend work on all files involving Qatar, and called for security passes for representatives of the Gulf country’s interests to be withdrawn until light can be shed on a corruption scandal rocking the assembly....

1266. ECB raises interest rates by 0.5%

Christine Lagarde warned markets not to expect an early end to rate rises next year, on a day when the European Central Bank and the Bank of England lifted borrowing costs to their highest levels in 14 years....

1267. In the past year, 40% of residents reported their accounts 'compromised'

Forty percent of citizens and nearly half of businesses have experienced some sort of cyber attack in the past 12 months, according to surveys on cyber security....

1268. Consulco launches its direct real estate investment services

Consulco, the London investment specialist has launched its direct real estate investment services assisting overseas investors to acquire and manage residential properties in central London. ...

1269. 'Generators of hope'

The war in Ukraine is continuing unabatedly. Every day we hear about new atrocities of seemingly indiscriminate bombing of civilians. But we also see deliberate and targeted attacks on critical civilian infrastructure, such as electricity transmission networks....

1270. Breast cancer screening: The case of Cyprus

Population screening for breast cancer with mammography, and in some women, ultrasound screening, has been shown to reduce mortality from this disease....

1271. World Cup Chief Executive: 'Death is a part of life'

The Qatar World Cup chief executive said 'death is a part of life' in response to the tragic death of yet another migrant worker who has died at a training site....

1272. Cypriot parliament approves state budget

The House of Representatives plenary approved the 2023 state budget on Thursday evening, the last to be tabled by the 10-year administration of Nicos Anastasiades...

1273. 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....

1274. CBC Governor: 'Any recession is expected to be mild and short-lived'

Constantinos Herodotou, Governor of the Central Bank of Cyprus, talked about the ECB objective and actions to restore and stabilize inflation at 2% in the medium term and maintain financial stability, saying that any recession is expected to be mild and short....

1275. German police arrest 25 right-wing extremists over alleged coup plot

German police have uncovered an alleged rightwing plot to storm the Bundestag and overthrow the government, in a case that highlights the threat posed to western states by far-right extremism turbocharged by radical conspiracy theories such as QAnon....

1276. Tying up loose ends at Hellenic

Hellenic Bank experienced several changes in 2022, as it closed outstanding issues while also opening new chapters. Hellenic Bank made changes to its top management, staff, shareholding composition, and labor issues in the fourth quarter of 2022, ...

1277. The EU will retaliate if Turkey's unilateral actions in Cyprus continue

A local source in Brussels said that if Turkey continues to take unilateral actions against Cyprus in violation of existing UN Security Council resolutions, there will be a reaction, noting that Nicosia "has no better ally than Brussels." ...

1278. The expansion of the digital economy and the upcoming exchange of information and tax transparency regimes

The exchange of information has been widely considered as a one of the most effective measures in tackling tax evasion and protecting the integrity of tax systems. ...

1279. Nicosia stays course as economic growth loses steam

Cypriot public finances have improved due to increased growth, although they are expected to be adversely affected due to a projected slowdown in the next few months, according to the 13th Post-Programme Surveillance Report for Cyprus...

1280. Unemployment rate up in November

November saw a rise in unemployment on a monthly and yearly basis....

1281. Cyprus to extradite Chinese national in fraud case

A fugitive businessman in Cyprus will be handed over to Beijing in connection with a money fraud investigation, a move that challenges recent consensus across Europe against Chinese extradition requests, after the suspect’s lawyers gave their consent provided that Cypriot officials will be allowed to visit the defendant and sit in during court proceedings...

1282. 'FTX-style crypto crash won’t happen in Europe'

The cryptocurrency world is reeling after the collapse of crypto exchange FTX — but EU policymakers are patting themselves on the back....

1283. Cyprus gets taste of EU’s €85 million with a caveat

Cyprus will get Friday the first tranche of €85 million from the EU's Recovery and Resilience Mechanism, with European Commission technocrats also pointing to repeated suspensions of foreclosures in Cyprus that create problems in terms of achieving the goal of further reduction of NPLs...

1284. 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....

1285. Work-life balance of European women worse after covid outbreak

European women’s work-life balance has worsened since the start of the Covid-19 pandemic in 2020, a European Institute for Gender Equality (EIGE) report shows....

1286. Cyprus helps uncover VAT carousel fraud

Cypriot authorities swung into action after an investigation of fraudulent activity in Portugal was expanded through the European Public Prosecutor’s Office, with several companies on the island reportedly linked to a scheme that cost Lisbon tens of millions in tax revenue...

1287. Fuel price cuts have begun

Following a month of price volatility, the Cypriot market should see a reduction in the cost of motor and heating fuels in the coming days....

1288. €76.4m profit in first 9 months of 2022 for Hellenic

Hellenic Bank announced a profit of €76.4 million for the first 9 months of 2022. According to the Group Financial Results for the nine-month period, ...

1289. Cyprus president wants corruption claims against him investigated

Cyprus’ president on Tuesday called for an independent probe into allegations made by a former aide that he has run a corrupt administration under the influence of Russian oligarchs...

1290. €100 million for companies affected by the covid pandemic

The European Commission has approved a 100 million euro Cypriot scheme to support companies and self-employed persons affected by the coronavirus pandemic, under the European Union’s State aid COVID Temporary Framework....