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1921. Bank of Cyprus posts net profit of €21 million in Q1

Bank of Cyprus group announced on Thursday a net profit of €21 million for the first quarter of 2022, compared to net profit of €8 million in the first quarter of 2021....

1922. Cyprus to investigate billionaire’s missing millions

A lawyer for a Jewish billionaire says he is confident Cypriot authorities will investigate a complaint into whether a former Israeli army officer embezzled his client’s money on the island...

1923. Op-ed: Grateful = Healthful

If you really think about it, so many of us should be in a perpetual state of gratitude....

1924. Bank of Cyprus to reduce its employees by 500 in 2022

1925. Pilot school bus program for primary school students to start in September

Minister of Transport, Communications and Works, Yiannis Karousos, announced on Wednesday that a government pilot program offering primary school students bus service to and from their schools will begin in September....

1926. Bioethics Committee in favor of euthanasia under strict guidelines

The Head of the Cyprus National Bioethics Committee Dr. Constantinos Fellas says that euthanasia could be introduced in society as long as it is not taking place unwillingly and that there has to be a strict framework of conditions in place....

1927. Battlefield scenes as Cypriot farmers descend on capital

Sheep and goat farmers in Cyprus staged a demonstration outside the Presidential Palace in Nicosia on Wednesday, spilling milk and setting hay on fire while some protesters spoke out against any changes in halloumi legislation...

1928. K. Treppides & Co Ltd: Digitalization of the Global Tax Administration

In the era of the coronavirus pandemic, the digital revolution, and the ever-evolving globalization, the digitalization of the tax administration seems to be a one-way route. But what exactly is the digitalization of the tax administration and how this will affect the tax function around the globe?...

1929. New cycling lanes open connecting outskirts with Nicosia town center

The inauguration for the second phase of the construction of cycling lanes connecting the universities of Nicosia with the city center occurred on Saturday,...

1930. EY Cyprus offers Summer Internship Programmes to university and high school students

EΥ Cyprus continues to invest in the younger generation, offering students the opportunity to enhance their skills through its Summer Internship Programmes. ...

1931. Cypriot former FM announces 'non-combative' 2023 run

Cypriot former foreign minister Nikos Christodoulides announced Thursday his non-partisan candidacy for president, with the career diplomat deviating from political norms and promising an all-inclusive, non-combative race...

1932. Chinese embassy in Cyprus speaks out on extradition

The Chinese embassy in Cyprus has responded to reports in local media that accused Beijing of using scare tactics on the island to get a suspect extradited, with an official statement pointing to fake news and offering a different side to the story...

1933. Marcos myths lift dictator’s son to power in Philippines

A video posted in 2020 on YouTube claims the French astrologer Nostradamus predicted the outcome of this week’s presidential election in the Philippines....

1934. Nameless pay-as-you-go phones under scrutiny

Police and intelligence officials in the Republic of Cyprus are pushing again for a ban on anonymous pay-as-you-go phones hoping it will help reduce crime, but critics and phone companies are not buying the argument...

1935. Proposal to abolish Safe pass to be submitted to Cabinet tomorrow

A proposal to lift safe pass checks will be submitted this coming Tuesday during the weekly Cabinet meeting. According to Health Minister, Michalis Hadjipantelas, experts will recommend the abolition of safe the safe pass since the numbers of Covid positive cases and hospitalizations are decreasing on a daily basis....

1936. Price hike of raw materials affecting developers and construction costs

The construction industry is suffering as the price hike of raw materials continues, with developers crushed under higher costs as they are deprived of Russian money....

1937. Frozen Russian reserves should be used to rebuild Ukraine

EU capitals should consider seizing frozen Russian foreign exchange reserves to cover the costs of rebuilding Ukraine after the war, the bloc’s top diplomat has said, as the west debates how to force Moscow to pay for some of the damage the conflict has caused....

1938. Groups pull out of royal concert in Cyprus

Local charities and participants in the platinum jubilee of Queen Elizabeth II next month in Cyprus have turned their backs on the concert following political controversy linked to EOKA, as more participants are now refusing to take part ahead of an election year...

1939. English will be used in newly established commercial and maritime courts

Cyprus' Justice Minister, Stephie Dracos, expressed on Friday her satisfaction with a constitutional amendment to allow the use of the English language by two new Courts that are expected to be created, the Commercial Court and the Maritime Court....

1940. Spread of COVID baffles locked-down Shanghai residents

The cases underscore how difficult it is to stop the spread of the highly transmissible Omicron variant as China clings to its zero-COVID policy, perpetuating a cycle of lockdowns, as well as bafflement, anguish and anger....

1941. Lower interest rates on deposits and consumer loans

A decrease in interest rates on deposits and consumer loans and a marginal increase in the interest rates on mortgages can be seen in the data published on Thursday by the Central Bank of Cyprus for March 2022....

1942. Op-ed: Abortions and the pendulum

A decision by the US Supreme Court to overturn the 1973 ruling that legalized abortion nationwide would resemble a historic turning point. The court’s rulings are usually an indication of how the country’s political pendulum swings;...

1943. First ever publicly financed equity fund will benefit Cyprus startups

The Ministry of Finance has long been committed to introducing a financial instrument to support startups and innovative companies with equity financing, ...

1944. Cyprus' RCB Bank and its Kremlin ties

On March 24, Cyprus’s fourth-largest bank announced it would wind down its banking operations in the wake of the “volatile geopolitical situation” caused by Russia’s invasion of Ukraine a month earlier....

1945. EU to propose import ban on all Russian oil

Brussels will propose a phased-in ban on imports of all Russian oil as member states prepare to discuss a sixth package of penalties against Moscow for its invasion of Ukraine....

1946. Cyprus to export natural gas by 2026, Energy Minister says

Cyprus is hoping to begin exporting its natural gas from the “Aphrodite” gas field by 2026, Minister of Energy, Commerce and Industry, Natasa Pilides, has said....

1947. K. Treppides & Co Ltd: Pillar Two on a Global Minimum Taxation

On 22 December 2021, the European Commission proposed a Directive on the introduction of a minimum effective corporate tax rate of 15% on large multinational enterprise (MNE) groups operating in the European Union (EU)....

1948. Anastasiades: The protection of employees' rights is a priority

President Nicos Anastasiades on Sunday listed a number of government policies and strategies as well as decisions in favor of laborers, as he addressed an event organized by trade union SEK in honor of Labor Day at the village of Amiantos....

1949. Europe scrambles for natural gas solution as Putin squeezes supply

The European Union is racing to find alternative suppliers of natural gas after Russia's Gazprom cut flows to two EU nations, sparking fears that others will soon follow....

1950. Consulco’s London Credit Fund Q1 2022 Results

Consulco achieved a remarkable first quarter of 2022, during which our London Credit Fund achieved a dividend of £ 13.07 per unit of its Class A shares, $ 11.14 per unit for its Class C shares and € 9.00 per unit for its Class E shares. ...