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1261. Turkish lira resumes slide to 17.5 against the dollar

The Turkish lira continued its freefall after President Recep Tayyip Erdogan rejected warnings from businesses about the dangers of recent interest rate cuts and vowed there was “no going back” from his approach....

1262. Turkish lira blows through 15 to dollar ahead of rate decision

The Turkish lira dropped to an all-time low beyond 15 against the dollar on Thursday ahead of another expected interest rate cut by the central bank, which has fallen in line with President Tayyip Erdogan’s risky new economic program....

1263. More foreign banks come to Athens

Big global banks are planning to open branches in Athens next year, while other lenders are expanding their existing banking activity in Greece...

1264. Parliamentary Committee report on state budget 2022 sees significant uncertainties due to pandemic

A report by the Parliamentary Committee of Financial and Budgetary Affairs on the State Budget for 2022 ahead of the plenary debate and vote this week, stresses the significant uncertainties affecting the projections upon which the budget is based....

1265. East Med is ‘not a Turkish sea,’ president of French Senate tells Kathimerini

The East Mediterranean is not a Turkish sea and interoperability between the French and Greek armed forces is a factor that brings stability to the region...

1266. As millions fell into poverty during the pandemic, billionaires' wealth soared

The coronavirus pandemic has worsened the massive financial gap between rich and poor around the world, a new report has found....

1267. RICS Cyprus Property Price Index with KPMG in Cyprus announces results of Q1-Q3 2021

KPMG in Cyprus announces that the “RICS Cyprus Property Price Index with KPMG in Cyprus” has been issued for Q1 – Q3 of 2021....

1268. The technology sector can become the new mainstay of the Cypriot economy

These are some of the key conclusions that emerged from the findings of a survey conducted last October by IMR/University of Nicosia™ on behalf of the non-profit organisation TechIsland. ...

1269. Debt sustainability in all Member States

ESM Managing Director Klaus Regling strongly believes that public debt is currently sustainable in all Member States of the monetary union. ...

1270. 'Three Approaches to Measuring Natural Resource Scarcity: Theory and Application to Groundwater'

Professor Phoebe Koundouri's thesis, "Three Approaches to Measuring Natural Resource Scarcity: Theory and Application to Groundwater" which was published by Peterhouse of the University of Cambridge, is now available for free on Read Library....

1271. Cyprus is expected to be more affected by climate change in the coming decades

Cyprus is expected to be much more affected by climate change in the coming decades, said today the Minister of Agriculture, Rural Development and Environment Costas Kadis,...

1272. Over 500 million euros from Cyprus by 2026

In a speech to world leaders today at COP26, President Anastasiades said that Cyprus seeks to strengthen regional cooperation through coordinated synergies and exchange of best practices...

1273. The eternal unfinished buildings in our cities

Driving in some areas of Cyprus, we can see some skeletal buildings that "stand" there abandoned for many years and it makes us wonder why they were left there to rot....

1274. Cypriot banks to reduce costs

The President of the European Banking Authority speaks to "K"...

1275. Apple slashes IPhone 13 production by as much as 10 million units

Apple may have to slash its production of IPhone 13 by as much as 10 million units, according to Bloomberg News....

1276. EY presents the 17th CFO Management Forum and the CFO Awards 2021

EY has proudly sponsored the 17th CFO Management Forum and 5th CFO Awards, which were held on Tuesday, September 28th at the Nicosia Hilton....

1277. Protected too late: US Officials report more than 20 extinctions

The ivory-billed woodpecker, which birders have been seeking in the bayous of Arkansas, is gone forever, according to federal officials....

1278. K. Treppides & Co Ltd: Renewed European finance strategy and implementation of the action plan on financing sustainable growth

The European Commission adopted on 21 April 2021, a comprehensive package of measures to help improve the flow of money towards financing the transition to a sustainable economy, whereas these measures will be instrumental in reaching climate and environmental targets as well as vital for economic recovery from the COVID-19 pandemic. ...

1279. Women earn less than men on average

Women continue to earn less than men, according to data published by the Statistical Service office of Cyprus....

1280. EY reports global revenues of US$40b in 2021 and outlines record US$10b investment plan over next three years

EY announces combined global revenues of US$40b for the financial year ended June 2021 (FY21), an increase of 7.3%, a solid result given the global economic impact caused by the COVID-19 pandemic. ...

1281. Global CEO confidence returns to pre-pandemic levels

CEOs of the world’s largest businesses are increasingly optimistic about the outlook for their own business and despite the Delta variant slowing down the ‘return to normal’, their confidence in the global economy has returned to levels not seen since the start of the pandemic....

1282. EY announces the launch of EY Entrepreneur Of The Year™ in Cyprus

EY Cyprus is pleased to announce the launch of the EY Entrepreneur Of The Year™ program for the first time in Cyprus. With this launch, the ultimate global competition for entrepreneurs officially opens today for nominations. ...

1283. State budget and economic outlook for 2022

The Ministry of Finance is working hard to complete the proposed budget of 2022 for submission to the Council of Ministers....

1284. Exness awarded as Cyprus’ Best Workplace 2021

On June 30th, Exness won the award for Best Workplace in the presence of the country’s most senior political and business leaders. ...

1285. EY: CEOs understand transformation cannot be put off following COVID-19 pandemic

More than two-thirds (68%) of CEO respondents from the world’s largest companies say that they plan to take on a major investment in data and technology over the next 12 months, while 61% plan to undertake a major transformation initiative over the same period, according to the global EY CEO Imperative Study 2021. ...

1286. Cyprus awaits endorsement during Ursula visit

European Commission President Ursula von der Leyen flies to Cyprus Wednesday on a two day visit to deliver notes on the government’s recovery and resilience plan submitted two months ago...

1287. ECB tells Cyprus lawmakers to get it right

Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that 'such policies can also backfire and destabilize the banking sector if designed in a haphazard manner'...

1288. KPMG Announcement

1289. Legal departments face challenges in transformation efforts

Legal departments across the globe are facing a mounting list of operational challenges as they look to transform in the wake of complex digital and regulatory change, according to the 2021 EY Law Survey, which was conducted in collaboration with the Harvard Law School Center on the Legal Profession...

1290. A silent pandemic requiring global action now

If policymakers fail to address the challenge of antimicrobial resistance they risk seeing the rise of a silent pandemic, write Stella Kyriakides and Dr Tedros Adhanom Ghebreyesus...