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121. MEP's propose solutions to the growing migration problem in Europe

In a plenary discussion with the Swedish Presidency and President von der Leyen, MEPs presented their views on how to deal with the migratory challenges facing Europe....

122. Nearly 60 million euros in electricity subsidies doled out since September 2022

123. Washington stops short of tongue-lashing Nicosia

Washington says there is no new policy to announce regarding a recent arms embargo lift on the Republic of Cyprus, following news that US sanctions have been imposed on several dealers including individuals who are based on the island...

124. A large number of foreclosure notices to be sent tomorrow

Today, Tuesday, January 31, 2023, marks the end of the most recent three-month suspension of divestments imposed by a resolution of the House of Representatives. ...

125. Greece at the forefront of cutting-edge photovoltaics

The world’s first factory to produce the new third-generation photovoltaics, which can deliver electricity from almost anywhere the sun shines, will be created in Thessaloniki, northern Greece, as part of a major European project....

126. Strike: Trade unions call for COLA agreement

Hundreds of workers gathered outside the Finance Ministry today calling for the full reinstatement of COLA (Cost of Living Allowance). ...

127. Paphos: Over 15 million euros in foreign investment in 2022

According to the Paphos Chamber of Commerce and Industry, foreign investment in the city has surpassed €15 million. ...

128. Strike set to affect flights in Cyprus

Cyprus is bracing for a national three-hour strike on Thursday, between 12 noon and 3 pm, which is expected to affect most aspects of public life in the republic including transport and air traffic...

129. The red warning from the beaches of Protaras

First and foremost, let me state that I am not an environmental expert. As an active citizen, I am recording my concerns about the changes brought about by climate change...

130. The Halepianes (Tseri) exit opens tomorrow at 3pm

In the upcoming months, improvements and relief from the annoyance faced by hundreds of drivers every day are anticipated. ...

131. Cyprus aims for higher targets in green energy

In 2022, renewable energy sources now make up a larger percentage of total energy consumption. ...

132. Pyrgos dig reveals industrial plant dating back to 2350 BC

From 2350 BC to 1850 BC, the Greek population of Pyrgos in Cyprus had a very important industrial building of about 4000 m2, where not only copper but also olive oil, perfume, medicines, textiles, paints, and wine were processed....

133. Economic events that will be remembered in 2022

The energy crisis, which intensified after Russia's invasion of Ukraine and resulted in skyrocketing gas prices, took the lead throughout the year....

134. WOLT delivery drivers: Labor violations confirmed, fines to be imposed

Following interviews with 94 deliverymen working for an online platform, the director of the Labour Relations Department of the Labour Ministry, Antis Apostolou, said on Wednesday that violations relating to undeclared work and non-licensing to employ third-country nationals have in some cases come to light....

135. Electricity subsidies extended to February 2023

The Council of Ministers met yesterday under the chairmanship of the President of the Republic Mr. Nicos Anastasiades and approved the extension for two additional months of the measure concerning the subsidy by the State of part of the cost of electricity consumption...

136. NHS nurses walk out in first strike in over a century

Nurses across much of the UK launched a historic strike on Thursday, as they walked out of hospitals and onto picket lines after several years of falling pay and declining standards left the country’s nationalized health care system in a state of crisis....

137. Inflation rate in Cyprus expected to fall to 8.3%

Euro area annual inflation is expected to be 10.0% in November 2022, down from 10.6% in October according to a flash estimate from Eurostat, the statistical office of the European Union....

138. Averof: 'Technology firms can't find qualified Cypriot workers'

Averof Neophytou, Presidential Candidate and President of the Democratic Rally, stated after his visit to Murex that the global and Cypriot markets are in need of programmers and technology professionals....

139. Replacement of Russian arms mooted

The war in Ukraine is expediting the complete decoupling of the Hellenic Armed Forces from Russian-made weapons systems, as it is becoming abundantly clear that the rupture between Moscow and NATO is not conducive to the creation of conditions for their maintenance...

140. Humanity hits eight billion mark

A baby born somewhere on Tuesday will be the world's eight billionth person, according to a projection by the United Nations....

141. Slower economic growth expected towards end of year

The Cypriot economy is expected to slow down towards the end of 2022 after growing steadily during the first half of the year, according to the chapter on Cyprus from the European Commission’s Autumn 2022 Economic Forecast which was presented on Friday by Commissioner for the Economy Paolo Gentiloni....

142. Looking for a strategy to suspend foreclosure sales

To protect vulnerable borrowers and stop the economy from being impacted by decisions that could harm its integrity, a strategy for the new potential three-month suspension of foreclosure sales is being sought. ...

143. Why inequality is growing in the US and around the world

U.S. income inequality grew in 2021 for the first time in a decade, according to data the Census Bureau released in September 2022....

144. Cyprus' annual inflation rate declines to 8.6% in October

Annual inflation rate for October expected to be 10.7% in the eurozone and 8.6% in Cyprus according to Eurostat estimates...

145. EY holds Cyprus Attractiveness Forum: Investment Realized, a reference point for FDI in Cyprus

The Cyprus Attractiveness Forum: Investment Realized, organized by EY in collaboration with the Cyprus Chamber of Commerce and Industry, took place on Tuesday, October 25th at the Parklane Hotel, in Limassol. ...

146. Announcement: Appointment of Principal and Senior Managers in K. Treppides & Co Ltd

The Management of K. Treppides & Co Ltd is committed to develop leaders who derive from own people and who pursue excellence in the provision of high quality specialised and unique services. We are pleased to announce the appointment of the following members on the Board of Management effective as of 1 November 2022....

147. Cyprus' annual inflation rate at 9.0%, lower than EU's 9.9%

The euro area's annual inflation rate was 9.9% in September 2022, up from 9.1% in August and up from 3.4% a year earlier, according to figures published by Eurostat, the statistical office of the European Union....

148. 'Cyprus made': When to expect the branded products

Local products can now be branded as Cypriot-made. After a year of work, consultations, and procedures, as well as research into international examples, a new brand name for Cypriot products has been developed: Cyprus Made - Unique by origin....

149. Digital controversies

The three front-runners for the presidency of the republic laid out their objectives and ideas for tackling various issues and the nation's shift to a digital economy....

150. Trade deficit increased by €1.5 bln in first 8 months of 2022

The trade deficit increased by €1.5 billion in the period from January to August 2022, compared to the same period of 2021, according to provisional data issued by the Statistical Service of Cyprus for August 2022. The deficit was €5,120.1 million in January-August 2022, which increased from €3,587.5 in January-August 2021....