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2281. Hellenic Bank soon to be under the control of Eurobank

Eurobank is gaining control of Hellenic Bank after purchasing Wargaming's 13.4% stake. With the addition of the 12.6% it held from the purchase of all shares in Third Point Hellenic Recovery Fund in the summer of 2021, it now stands at 26%....

2282. Work-life balance of European women worse after covid outbreak

European women’s work-life balance has worsened since the start of the Covid-19 pandemic in 2020, a European Institute for Gender Equality (EIGE) report shows....

2283. Over half a billion euro in government surplus so far this year

Preliminary General Government fiscal results indicate a surplus of €556.4 mn for the period of January-October 2022, according to data prepared and published by the Statistical Service of Cyprus on Wednesday....

2284. When the ink dries, this will be the new archaeological museum

2285. China: Protesters are summoned to present their case

Even though they were not identified during the protests, those who attended this weekend's protests in China have received phone calls from the authorities in recent days....

2286. Fuel price cuts have begun

Following a month of price volatility, the Cypriot market should see a reduction in the cost of motor and heating fuels in the coming days....

2287. Cyprus leads the EU with nearly 7000 repatriations

The European Commission's High-Level Network on Returns will hold its second meeting in Cyprus on December 1-2....

2288. ETIAS set to enforced by November 2023

The work on the European Travel Information and Authorisation System (ETIAS) has moved forward, with the European Border and Coast Guard Agency (Frontex) revealing on Monday that a new body will be responsible to ensure the system functions in accordance with fundamental rights has started its work....

2289. Economic sentiment slightly down in Cyprus

In November 2022, economic sentiment in Cyprus deteriorated slightly, as the Economic Sentiment Indicator decreased by 0.5 points compared with October 2022, according to the Business and Consumer Survey by the University of Cyprus...

2290. The effects of Global warming on banks and insurance companies

One of the last print editions of the Economist had the title ‘Say goodbye to 1.5° C’ which refers to the goal of limiting the increase in the average temperature of the planet to 1.5 degrees Celsius...

2291. More Russians visiting Spain despite EU sanctions

The number of Russian nationals who are reaching Spain for travel purposes keeps increasing despite flight sanctions continuing to remain in place....

2292. Black Friday: See how the annual shopping event is shaping up (photos)

On Thursday afternoon, sales began to increase significantly, particularly in shopping centers that benefited from favorable weather conditions, however, as of Friday morning, traffic appears to be somewhat subdued, at least in comparison to the corresponding images from 2019....

2293. Small number of banks meeting new loan demand

The net demand for loans from businesses in Cyprus decreased in the third quarter of 2022, and banks anticipate a similar decline in the net demand for loans from businesses and households in all loan categories in the fourth quarter of 2022 compared to the third quarter. ...

2294. Tatar: Countries reluctant to recognize pseudo-state due to threats

2295. EC ban on flavored or heated tobacco products began yesterday

The Commission announced today that flavored or flavored heated tobacco products will be prohibited beginning today, Wednesday. Members have eight months to incorporate the delegated directive into their domestic legislation....

2296. Report highlights police inaction in cases of violence against women in Cyprus

The Group of Experts on Action against Violence against Women and Domestic Violence (GREVIO)’s first review of existing policy approaches and legislation on violence against women in Cyprus has revealed many areas in which redoubled action is needed to comply with the standards of the Istanbul Convention. ...

2297. Brussels urging guidelines for NGO boats in the midst of France-Italy migrant dispute

The European Commission is pushing to create guidelines for the NGO boats rescuing migrants off Europe’s shores as part of a plan to reduce the number of asylum seekers heading to the Continent....

2298. 14 billion euros of loans on ice due to the suspension of foreclosure sales

In Cyprus, credit purchasing companies manage over 80,000 loans totaling €20 billion....

2299. More routes and airline seats for the winter

The announcements by Ryanair in the morning and Wizz Air on Monday afternoon to increase the fleet at Cypriot airports and add new routes clearly pleased Hermes Airports and the tourism industry in general,...

2300. EC proposing a ceiling of 275 euros per megawatt hour for natural gas

Energy Commissioner Kadri Simson announced at a press conference in Brussels yesterday that the European Commission is proposing to cap the price of natural gas at 275 euros per megawatt hour for next month's TTF contracts....

2301. Complaints about Black Friday deals have begun

The Consumer Association had begun receiving complaints about deceptive product offers as Black Friday draws near....

2302. Petrides: 'The casino will attract hundreds of thousands of tourists'

The government is handing over a modern, more dynamic tourism product that has the capacity to further develop, said on Tuesday Finance Minister Constantinos Petrides in addressing the 44th Cyprus Hotel Summit and Exhibition organized by the Hoteliers’ Association....

2303. CYTA expects €400 million in revenue this year

Deputy Chairman of the Committee Chrysis Pantelides told CYTA after discussing the organization's budget for 2023 that CYTA is a very good example of a profitable and robust semi-governmental organization that should remain in the ownership of the state so that the public and society at large reap these important benefits....

2304. Cyprus and Greece have the highest antibiotic consumption rates in the EU

According to recent data from the European Centre for Disease Control and Prevention, Cyprus and Greece have the highest ranking in the union for antibiotic consumption and are among the European Union countries with the highest rates of antimicrobial resistance and burden...

2305. Electricity theft on the rise

The Cyprus Electricity Authority's electricity distribution substations have seen an increase in theft cases recently, according to a statement from the police....

2306. Cypriot registered ships decrease by 21% due to sanctions

A large number of tankers that previously sailed under European Union flags, such as Cyprus and Malta’s, are leaving those registers as a result of the sanctions on Russian oil transportation....

2307. Ryanair adds five new destinations and a fourth aircraft to its fleet in Cyprus

Ryanair has announced its busiest summer schedule in Cyprus, with 41 routes from Paphos to destinations including Naples and Toulouse....

2308. Showers, storms, and lower temperatures expected in the coming days

Transient high pressure is affecting the region, with low pressure expected to gradually diminish by Wednesday afternoon....

2309. BOC: Profits for first nine months gobbled up by Voluntary Retirement Plan

The bank reported 9 million euro losses following the summer departure of 550 employees, which cost it 104 million....

2310. US-Cyprus army cooperation bill heads to the House

A bill that paves the way for further military cooperation between Cyprus and the Unites States reached the House this week, following months of media hype about the island’s intent to help Ukraine with Russian-made missiles, but the specific agreement explicitly excludes weapons systems...