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1471. Newly appointed presidential advisors to work pro bono

President Nikos Christodoulidis has appointed two new special advisors to his team to help with economic affairs and crisis management, respectively....

1472. New Jersey and Cyprus armies tie the knot

Cyprus and US relations have never been stronger, Minister of Defence of the Republic of Cyprus Michalis Giorgallas has stressed during the signing ceremony of a State Partnership Program between the Republic of Cyprus and the New Jersey National Guard...

1473. Is it the beginning of the end of the gender pay gap?

Imagine you are Anna, a dedicated and hardworking engineer with a passion for your work. You've spent years honing your skills and made a significant contribution to your company's success....

1474. FinMin stresses importance of stable legislation for out-of-court auctions

The Finance Ministry has stressed the importance of having stable legislation regulating out-of-court auctions, in tandem with an effective insolvency framework in order to achieve a reduction of bad loans....

1475. Generative AI could automate 300mn jobs

According to a report in the Financial Times, Goldman Sachs has found that "generative" AI systems such as ChatGPT could lead to the automation of a quarter of the work done in the US and eurozone....

1476. CBC estimates GDP growth at 2.6% in 2023

The Central Bank of Cyprus (CBC) has marginally upgraded its projections for GDP growth this year citing the slightly improved prospects in the external economic environment and the anticipated lower energy prices, amid the continued war in Ukraine....

1477. How communication affects safety

A workshop on communication and its impact on safety issues such as road collisions and industrial accidents was organized by the CERIDES Research Centre of the European University Cyprus in cooperation with the Cyprus Police....

1478. Ministers band together to improve Cyprus ports

Ministers responsible for Transport, Shipping and Tourism visited on Thursday the new DP World Limassol passenger terminal to express their determination to work together to resolve any problems and improve services....

1479. Slight increase in fuel prices

A slight increase in fuel prices was recorded in the last three weeks in Cyprus, according to the Consumer Protection Service (CPS) of the Ministry of Energy, Commerce and Industry. ...

1480. Many Cypriots are climate-aware and ready to fight

According to the European Investment Bank's (EIB) annual Climate Survey, 83% of Cypriots under 30 consider the environmental impact of their future job to be a significant factor in their career choice, while 25% consider it a top priority....

1481. Employers and labor unions can't agree on COLA issue

Employers and unions continue to take opposing positions on the issue of Cost of Living Allowance. (COLA). One of the most pressing issues for the Labour Minister, who has already held the first separate meetings with the four unions PASYDY, PEO, SEK, and DEOK. ...

1482. High prices continue to plague the market

1483. Bank stores bags of stone instead of $1.3 million worth of nickel

The London Metal Exchange revealed a surprising mix-up last week at a warehouse in the Dutch port city of Rotterdam....

1484. 'Structural Integrity Certificates' should be made mandatory

The recent earthquakes in neighboring countries, as well as the aftershocks, felt in Cyprus, have brought to the forefront what we have been saying for years: the need to check the suitability of all our buildings on a regular basis....

1485. Petrol stations open their doors to electric mobility

Petrolina Holdings Public announced last month the installation of the first state-of-the-art electric vehicle rapid charging charger at its petrol station in Larnaca's GSZ district....

1486. Strikes in Greece causing flight cancellations in Cyprus

Greek air traffic controllers are on strike for 24 hours, causing all flights to and from Greek airports to be canceled on Wednesday. The Greek Air Traffic Controllers' Union is organizing the strike, which began at midnight today and will end at midnight on Thursday....

1487. It's been 10 years since the haircut

In March 2023, Cyprus will mark 10 years since the deposit haircut. Ten years after the 2013 crisis, Cyprus looks completely different. During this decade, many changes have taken place and its citizens have experienced many different situations,...

1488. Meta lays off another 10,000 workers

Meta, the parent company of social media giant Facebook, has announced it will cut another 10,000 jobs as part of a company-wide restructuring effort....

1489. KEDIPES: Interest subsidies for good loans in 2023

As a reward for borrowers who stick to the repayment schedule of their credit facilities for the year 2023, KEDIPES is moving forward with an interest subsidy for restructured credit facilities that have the ECB base rate as their base rate....

1490. TechIsland Association Launches the 1st Annual TechIsland Awards to recognize outstanding contributions to the tech industry in Cyprus

The TechIsland Association is excited to announce the launch of the TechIsland Awards, a new annual award program designed to recognize and celebrate the outstanding contributions of individuals, companies, and projects that are making a significant impact on the development and growth of the tech and innovation industry in Cyprus....

1491. Real estate trends in 2023

Increased inflation, rising interest rates, rising building costs, rising property values, a slight decline in new development approvals, a slight decline to stabilization in the unemployment rate, a slight increase in GDP, and a slight decline in private lending are just a few indicators of the (very) general economic picture....

1492. President says ‘Cyprus on right side of history’ in Ukraine

The solution of the Cyprus problem is a top priority of his administration, President Nikos Christodoulides said, in an interview with the Hellenic Broadcasting Corporation (ERT) on Thursday evening ahead of a visit he will pay Greece next week...

1493. Investigation into understaffing in the tourism industry is imminent

The start of the summer travel season is anticipated to occur around the end of March or the beginning of April, along with the reopening of hotel facilities that were closed during the winter....

1494. Criticism grows as Europe pushes to restrict cars in cities

In an effort to ease traffic congestion and curb greenhouse gas emissions causing climate change, municipalities from Barcelona to Brussels have embarked on what has been called a “transportation revolution.”...

1495. 'Did you get attacked by a thief?', a student asked the President

The President of the Republic, Nicos Christodoulides, paid a visit to the "Pefkios Georgiades" Primary School in Strovolos today, accompanied by the Minister of Education, Sports, and Youth, Athena Michaelides, the Government Spokesperson, Constantinos Letibiotis, and the Deputy Government Spokesperson, Doxa Komodromou....

1496. Consumers cutting back on non-essential items as cost of living rises

As the cost of living crisis continues to rise globally, consumers have drastically adjusted their spending behaviors, with the majority (53%) of global consumers “holding back” on non-essential spending. ...

1497. Tourists are spending 13% more in Cyprus

If there is one thing that has changed in the past year's data on the tourism industry, it is the realization that, even though there are fewer visitors coming in than in 2019,...

1498. Hate speech rampant in Cyprus despite progress

Hate speech affecting several groups remains widespread in the Cypriot public discourse, the European Commission against Racism and Intolerance (ECRI) said on Tuesday in a report on Cyprus. ...

1499. Airlines and IATA to take legal action for flight reductions at Schiphol

The government of the Netherlands may be facing legal action related to their recent decision to reduce the number of annual flights at Amsterdam’s Schiphol Airport to 460,000 from November 2023, which is eight percent lower than the current flight cap....

1500. Many dead after trains collide in Greece

A passenger train in Greece carrying hundreds of people collided with an oncoming freight train in a fiery wreck in the country’s north early Wednesday, killing 32 and injuring at least 85...