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1351. CEO of Hellenic Bank placed on leave

The Hellenic Bank's CEO, Oliver Gatzke, has been placed on mandatory leave with full pay after informing the bank of his decision to terminate his employment contract, effective from July 22, 2024, when the contract was due to expire....

1352. The devastating impact of revenge pornography

Twelve women in Cyprus recently fell victim to revenge pornography, where a 40-year-old man from Larnaca posted explicit videos and photos of them on erotic websites. ...

1353. Cyprus banks witness €52.3B growth

Deposits in the Cyprus banking system rose significantly in June totalling €52.3 billion, while liquidity in the banking system amounted to €27.2 billion....

1354. Uber driver saves over $1,000 monthly with Tesla

Wesley Johnson, 64, uses the income he earns as a San Francisco Uber driver to offer some financial support to his four children and seven grandchildren. ...

1355. Ryanair to resume flights despite Greece wildfires

Ryanair has issued an update to UK holidaymakers on flights to Greece as the country battles raging wildfires amid a record-setting heatwave....

1356. U.S. military emails accidentally sent to Mali

A small spelling error has resulted in thousands of emails intended for the U.S. military being sent instead to Mali, an issue that Pentagon officials said they've taken steps to mitigate....

1357. Telecom giant Primetel faces administration

In a recent development, Primetel, a prominent telecommunications company, has entered administration. The company officially informed the Office of Electronic Communications and Postal Services about this significant change in its status....

1358. Global economy faces $590 trillion storm

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

1359. 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. ...

1360. CMP secures funding for vital operations

The Committee on Missing Persons in Cyprus (CMP) said Tuesday that its funding and its operations are not under threat....

1361. Philippos Soseilos: Significant investment opportunities in Cyprus

1362. 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....

1363. Hollywood artists unite in historic strike

Leaders of Hollywood’s actors’ union voted Thursday to join screenwriters in the first joint strike in more than six decades, shutting down production across the entertainment industry after talks for a new contract with studios and streaming services broke down....

1364. Cyprus Parliament rejects bills on borrowers' rights

The Cyprus Parliament voted against two non-government bills regarding borrowers' rights on Thursday, disregarding warnings from the government and the Central Bank about potential threats to the stability of the financial sector....

1365. Shazam founder at the Digital Agenda Cyprus Summit '23

Dhiraj Mukherjee, the co-founder of Shazam Entertainment, pioneered the development of the world's first mobile phone-based music recognition service. This groundbreaking technology caught the attention of Apple, leading to its acquisition in 2017 for a staggering $400 million....

1366. Man fined €120,000 for abandoning kittens

A fine of 120,000 euros was imposed on a 76-year-old resident of Rhodes for abandoning four kittens inside a cardboard box....

1367. 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....

1368. Cyprus approves €361M supplementary budget for 2023

With criticism against the government's agreement for the purchase of the Metropolitan building, which will house the Ministry of Labor and Social Insurance, the Plenary of the House of Representatives approved the supplementary state budget amounting to €361 million....

1369. Rising scams in Cyprus

Telephone and online scams are on the rise in Cyprus, targeting vulnerable elderly individuals and attempting to swindle their hard-earned money....

1370. A disturbing surge in incidents reported to helpline 1480

Incidents reported to Helpline 1480 during the second quarter of 2023 have seen a notable increase of 47.97% compared to the same period in 2022, according to statistics released by the Ministry of Education on Wednesday....

1371. Proposed foreclosure reforms spark debate in Cyprus

Three proposals will be discussed at the last Plenary Session of the House of Representatives before the summer recess, along with three scenarios regarding the outcome of the foreclosure framework....

1372. Social Security officials exceed authority and delay benefits

The Parliamentary Labour Committee conducted an independent review of the procedure for evaluating unemployment benefit applications on Tuesday....

1373. Biden whistleblower accused of being foreign agent, arms dealer

A missing witness into the investigation of Hunter Biden's business dealings who claims he has proof of the President's son's corrupt connections to the Chinese government has reappeared after he himself was accused of being a Chinese agent and fled custody....

1374. From ''lovers'' to ''doctors'': Cyprus confronts rising online fraud

Cyprus is witnessing a significant annual increase in online fraud cases, according to Andreas Anastasiades, the Director of the Electronic Crime Sub-Directorate. ...

1375. Criminals steal $20M from Revolut

Organized criminals exploited a vulnerability in Revolut's payment systems to steal over $20 million from the fintech company, as reported by the Financial Times, citing multiple anonymous sources knowledgeable about the incident....

1376. Contentious foreclosure legislation sparks debate in Parliament

The issue of foreclosures remains unresolved and will be the focal point of the upcoming plenary session on Thursday, July 13. ...

1377. Cyprus gov't to pay €345,000 to Turkish Cypriot for illegal use of property

The big news: "Compensation of €345,000 will be paid to a T/C of American origin by the Republic of Cyprus, while also returning his property in Limassol, which was being used illegally....

1378. Eurobank's vision: Controlling Hellenic Bank and conquering new markets

According to Bloomberg, Eurobank's deputy chief executive, managing director, and head of international operations, Stavros Ioannou, expressed the bank's desire to eventually gain full control of Hellenic Bank in Cyprus....

1379. Migrant reception center in Kofinou inaugurated today

The inauguration of the first phase of construction works at the International Protection Applicant Reception Center in Kofinou, upgraded with the support of the European Asylum Agency (EUAA), took place today, conducted by the Minister of Interior, Konstantinos Ioannou, along with Nina Gregory, the Executive Director of EUAA, and Beate Gminder, Deputy Director-General in the Directorate-General for Internal Affairs of the EU....

1380. The government's seven proposals for vulnerable individuals

Finance Minister Makis Keravnos submitted seven government actions aimed at addressing issues related to non-performing loans to Parliament yesterday....