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211. Cyprus in turmoil as labor disputes shake key sectors

According to a report by Dorita Yiannakou in today's 'Oikonomiki', labor disputes across several key sectors in Cyprus are causing widespread unrest, as workers and unions push for improved conditions and contract renewals....

212. Major companies eye Cyprus as European HQ, says annual securities report

The President of Cyprus, Nicos Christodoulides, met with the Cyprus Securities and Exchange Commission (CySEC) at the Presidential Palace to receive their 2023 annual report. ...

213. Temporary truce in the healthcare sector as December showdown looms

A temporary truce has been reached in the healthcare sector following the 48-hour doctors' strike....

214. Danish farmers to pay tax on livestock farts and burps

Denmark is making headlines with a groundbreaking new tax: a belch and manure tax....

215. Cyprus secures €115 million in second payment under EU recovery plan

Cyprus has received its second payment under the EU's Recovery and Resilience Facility (RRF), with €115 million granted after successfully fulfilling 37 out of 38 agreed milestones....

216. Cyprus receives major credit rating boost from Moody’s

Last Friday, Moody’s delivered a major endorsement of Cyprus’ economic progress, upgrading its credit rating by two notches, from Baa2 to A3, with a stable outlook, according to a report by Panayiotis Rougalas. ...

217. 200 foreign companies and 1,200 new jobs in Cyprus in six months

Cyprus is experiencing a surge in foreign investment, with approximately 200 international companies establishing operations in the country during the first half of the year. ...

218. Government faces labor strikes as key sectors demand action

Cyprus is grappling with escalating labor unrest in its most crucial industries, as healthcare, construction, and tourism workers push for long-standing demands. ...

219. Geoeconomic tensions and Cyprus: Staying the course amid challenges ahead

Geoeconomic fragmentation, the reversal of progress towards global economic and financial integration due to political and military conflict and strategic policy decisions, is rising....

220. Primary residence and the benefit of 5% reduced VAT rate

Nowadays having your own permanent residence is a must, however the cost for the acquisition or construction of a house/apartment has significantly increased in the last few years....

221. FT: How oil and gas companies hide methane emissions, threatening climate goals

Methane, a potent greenhouse gas, is quietly driving climate change while remaining hidden from view. The oil and gas industry is among the largest contributors to this problem, with companies using various methods to obscure the true scale of their emissions. Here's what you need to know....

222. DBRS Morningstar: Cyprus shows strong recovery in tackling bad loans

Cyprus is starting to see some positive shifts in its financial sector, particularly when it comes to tackling non-performing loans (NPLs) – loans that borrowers have stopped paying. ...

223. Cyprus cracks down on prolonged standing in workplaces

Cyprus is stepping up efforts to protect workers from prolonged standing at their jobs, with a nationwide inspection campaign and stricter enforcement of new legislation aimed at improving workplace conditions....

224. Understanding Consumer Decision-Making: An LCI Masterclass at UNIC

The University of Nicosia is offering a masterclass titled "Get In Your Customer’s Mind," as part of its "Life Changing Ideas" executive training series. This session, led by Dr. Pantelis Solomon, delves into consumer psychology and decision-making....

225. New York achieves solar power milestone a year early

New York has reached its target of 6 gigawatts of solar power one year ahead of its 2025 goal, state officials announced recently. ...

226. Newborns in stable condition after receiving ethanol-laced formula in occupied Cyprus

The condition of six newborns who were administered baby formula laced with ethanol remains stable, with treatment progressing positively, according to health authorities in Turkish-controlled northern Cyprus....

227. Cyprus achieves first A-level credit rating in major milestone

Scope Ratings has upgraded Cyprus's credit rating to A- from BBB+, marking the country's first A-level rating from a major credit agency....

228. President unveils €30 million plan to revitalize Troodos region

President Nikos Christodoulides has unveiled a comprehensive plan aimed at revitalizing the Troodos mountainous region, with more than 20 major projects and policy actions set to be implemented. ...

229. Cyprus surpasses pre-pandemic financial levels with growing surplus

Cyprus is bouncing back from recent economic challenges, with its financial health improving dramatically. Current fiscal surpluses now exceed what they were before the pandemic, thanks to a significant increase in revenue....

230. Effort to create new cooperative bank in Cyprus begins with IPO search

The Cypriot company for the promotion of the cooperative movement is at the process of seeking an investment firm that would underwrite an initial public offering for the creation of a “small cooperative bank” in Cyprus that would replace the Cooperative Cyprus Bank which went into liquidation back in 2018, Panikos Hambas told CNA....

231. Calum Chace: How AI will change everything—Are we ready?

Calum Chace, a well-known expert in Artificial Intelligence (AI), recently took the stage at the Digital Agenda Cyprus Summit 2024 to share his insights into the future of AI and its impact on our world....

232. Cyprus hosts European job fair: Hundreds of positions available

Cyprus’ Ministry of Labour and Social Insurance and EURES Cyprus are organising on Tuesday in Nicosia the “Find Your Career in Europe” event, with the participation of representatives from employment agencies from nine EU member states, along with company representatives....

233. Cypriot startups inspire with innovative solutions

Aspiring entrepreneurs in Cyprus are being urged to pursue their dreams with passion and determination, thanks to the success stories of local business startups, according to Dorita Yiannakou in this Sunday's Kathimerini. ...

234. Digital tools launched to improve Nicosia's urban life

Nicosia Mayor Charalambos Proutzos emphasized the importance of enhancing citizens' quality of life through smart technologies, stating, "Our goal is not just......

235. Von der Leyen unveils new European Commission lineup

European Commission President Ursula von der Leyen has unveiled the list of new commissioners, including Kostas Kadis from Cyprus, who has been appointed as Commissioner for Fisheries and Oceans. ...

236. Cyprus trade deficit drops 17% in 2024

Cyprus’ trade deficit dropped by 17% in the first seven months of 2024, falling to €4.31 billion compared to €5.19 billion during the same period last year, ...

237. Government greenlights patient advocate to oversee healthcare issues

238. FT: China set to hit PwC with record penalty amid Evergrande fallout

PwC China has informed its clients that it expects Chinese authorities to impose a six-month business ban starting as early as September, following its audit of the now-collapsed property developer Evergrande....

239. Paphos Municipality cracks down on unauthorized port practices

Under the leadership of the Paphos Municipality, various agencies responsible for the operation and management of the Paphos port have joined forces to tackle illegal activities and improve the services provided to visitors and professionals. ...

240. Cyprus unemployment decreases, while social benefits paid increase

The number of unemployed persons registered at the District Labour Offices in Cyprus fell to 11,877 at the end of July 2024, marking a 9.9% decrease compared to the same period last year, according to data released by the Statistical Service on Monday....