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1441. Non-compliance with US sanctions bad says CBC Governor

No impact to financial stability has been recorded so far by the US and UK sanctions against Cypriot persons and entities for assisting Russian sanctioned nationals apart from Cyprus’ credibility, Governor of the Central Bank of Cyprus Constantinos Herodotou said on Wednesday, noting that non-compliance would pose 'very negative consequences to the economy'...

1442. Airlines now have more power thanks to Covid-19

The Airports Council International (ACI) Europe has released a comprehensive analysis of airport competition in Europe, highlighting the shifting dynamics as airlines tighten their grip. ...

1443. Central Bank governor projects higher economic growth for 2023

On Tuesday, Constantinos Herodotou, the Governor of the Central Bank of Cyprus, announced that the Cypriot economy is projected to grow in 2023 at a higher rate than the Eurozone average. ...

1444. Q1 2023 sales reach €1.7 billion despite challenges

During the first quarter of 2023, the total value of properties sold was €1.7 billion. Despite facing numerous challenges that are starting to impact the real estate market, it has shown resilience...

1445. ChatGPT shares grim predictions of how humanity could be wiped out

As tech experts warn that the rapid evolution of artificial intelligence could threaten humanity, OpenAI's ChatGPT weighed in with its own predictions on how humanity could be wiped off the face of the Earth....

1446. Vulture from Spain dies of electrocution in Cyprus

A vulture born in Spain and released in Cyprus to help repopulate the island was tragically killed on Sunday, when the magnificent bird collided with power lines in Limassol...

1447. Expanding Profitability and Strengthening Capital Position

Group Financial Results for the year ended December 31, 2022...

1448. Banks announce measures on interest rates

Since July 2022, lending rates in Cyprus have risen by 3.5%, putting borrowers in a difficult position with dangerously increasing loan repayments....

1449. Cyprus Republic not involved in the 'sale' of the 3 hotels in Varosha

Today, a scheduled meeting was held at the Ministry of Foreign Affairs to commemorate the new government's inauguration. The Minister of Foreign Affairs, Mr. Kombos, met with the Municipality of Famagusta, led by Mayor Simos Ioannou. ...

1450. 100 Cypriot wines to feature new WineCore logo on packaging

The wine industry in Cyprus is at a turning point, as coordinated upgrading and promotion efforts are underway in both the private and public sectors. ...

1451. AI pioneer regrets contribution to field, quits Google over concerns

The man often touted as the godfather of AI has quit Google, citing concerns over the flood of fake information, videos and photos online and the possibility for AI to upend the job market....

1452. Cyprus outlines new approach to gender equality

Cyprus ranks 22nd out of 27 EU Member States in terms of gender equality, according to the European Institute for Gender Equality's Indicators, said Commissioner for Gender Equality Josie Christodoulou....

1453. President anticipates information on sanctions today

We will probably receive on Friday the first concrete information that we have requested as regards the sanctions imposed to persons and legal entities in Cyprus, President of the Republic, Nikos Christodoulides has told CNA, adding that Cyprus is in contact with the USA and the UK on a daily basis about this issue "with a view to having all the information before us, so that the competent authorities of the Republic of Cyprus will do what they have to do."...

1454. Central Bank Governor: Sanctions' impact on economy not significant so far

The Governor of the Central Bank of Cyprus, Constantinos Herodotou, was received on Friday morning (21/04) by the President of the Republic, Nicos Christodoulides. ...

1455. The real estate industry's crucial turning point

The European Parliament recently approved a new bill that aims to tackle climate change by reducing carbon emissions. This new legislation has significant implications for the property markets in Cyprus and Greece, where there is a large stock of buildings over 30 years old and requiring energy upgrades....

1456. ''The impact of sanctions go beyond individuals and companies''

George Christofides, Vice President of the Bar Association, addressed the sanctions imposed by the UK and US on legal and natural persons in Cyprus during an interview on the ''DIASPORA NEWS'' program. ...

1457. Cyprus faces legal action over inadequate wastewater treatment

Cyprus is currently facing legal action by the European Commission for failing to ensure that its wastewater treatment plants comply with EU legislation....

1458. Finance Minister requests containment of lending rates for housing loans

The Finance Minister of Cyprus, Makis Keravnos, has written letters to the Director General of the Cyprus Banks Association and the Director General of the Association of Credit Acquisition Companies and Credit Facility Managers, requesting measures to control rising lending rates for serviceable loans up to €350,000....

1459. US monitoring of UN Secretary-General Guterres revealed in leaked documents

Leaked Pentagon files indicate the United States was monitoring UN Secretary-General Antonio Guterres because it believed he was too soft on Russia after its invasion of Ukraine....

1460. Government continues measures to counter inflationary pressures

The government of Cyprus has decided to continue measures aimed at countering inflationary pressures, including an extension of a subsidy on electricity consumption and a reduced excise tax on fuel....

1461. Bookings for Cyprus countryside accommodation rise during Easter holidays

According to official data released by the Deputy Ministry of Tourism, bookings for countryside accommodation in Cyprus increased during the Easter holiday season....

1462. Benefit payments: Ministry allows paper applications after server failure

The Ministry of Labour and Social Insurance has issued a response to the recent issue of their websites being temporarily down on Monday. The Ministry has informed the public that payments can still be made by cheque or cash at their local District Social Insurance Offices....

1463. K. Treppides & Co Ltd: Sustainable Finance

Sustainability is the key to a better, healthier, and more viable future as it improves the quality of our lives with the use of natural resources which protect our ecosystem in general. By taking into consideration the three pillars of economic viability, environmental protection, and social well-being, we can preserve the future generations’ needs while, from a corporate perspective, the development of sustainable strategies can lead to a company’s longevity....

1464. Are you ready for ChatGPT to take over your job?

Since its release in November of last year, OpenAI's ChatGPT has been used to write cover letters, create a children's book, and even help students cheat on their essays....

1465. Cypriots buy more food than needed

A recent report has found that Cypriots have a tendency to purchase more food than they actually need, leading to unnecessary waste and higher expenses...

1466. Macron's mission in China: Convincing Xi on Ukraine

1467. Cypriot professor Phoebe Koundouri honored for contribution to Science

On Thursday, the 23rd of March, Prof. Phoebe Koundouri was awarded the Academy of Athens Excellence in Science Award 2023 for her contribution to the advancement of the Science of the Marine Environment by the President of the Academy of Athens, Michael-Konstantinos Stathopoulos, and the Secretary-General, Christos Zerefos....

1468. Bullying in Cyprus - From awareness to action

As a researcher and Ph.D. candidate studying the crime of bullying against minors from a criminal and criminological perspective in Cyprus, I am deeply concerned about the increase in bullying in our country. ...

1469. Cyprus to surpass 1 million people while EU population to decrease by 6% by 2100

According to the latest population projections issued by Eurostat, the statistical service of the EU, the population of the bloc will decrease by 6% between 1 January 2022 and 1 January 2100, equivalent to 27.3 million fewer people. The population of Cyprus on the other hand is expected to pass 1 million by 2100....

1470. Completion of Project Starlight