Search

1231. Minthis wins Leading Golf Sustainability Award

Minthis Golf Club has demonstrated its groundbreaking work in sustainability, not only in Cyprus but worldwide, with the most prestigious honour in the golf travel industry: The 2021 IAGTO Award for Outstanding Contribution to Sustainability....

1232. EY presents Cyprus Tax Facts 2022 guide

EY Cyprus is pleased to share the latest Cyprus Tax Facts guide – in English – which provides a straight-forward, holistic summary of the Cyprus tax system, based on current legislation and tax practices, in relation to the fiscal year 2022....

1233. Netflix loses nearly $45 billion in market cap

Netflix dashed hopes for a quick rebound after forecasting weak first-quarter subscriber growth on Thursday, sending shares sinking nearly 20 percent and wiping away most of its remaining pandemic-fueled gains from 2020, just a week after raising prices by up to $2 a month....

1234. Cypriot economy will continue to recover output lost during 2020

The Cypriot economy in 2021 recovered the output lost during the 2020 COVID crisis and will continue to grow with an average 3.7% in the years 2022 – 2024, the Central Bank of Cyprus expects, according to its economic bulletin, stressing that risks to the baseline scenario are balanced albeit slightly upside concerning inflation....

1235. A record 4.5 million Americans quit their jobs in November

A record 4.5 million Americans voluntarily left their jobs in November, according to the Bureau of Labor Statistics. This pushed the quits rate to 3%, matching the high from September....

1236. A bank accidentally paid thousands of people more than $175 million on Christmas Day due to a technical glitch

Santander UK is trying to recoup about $175 million (130 million pounds) that it accidentally transferred to customers on Christmas Day....

1237. Omicron-related disruptions caused over 4,000 flight cancellations

Over 4,000 flights were canceled around the world on Sunday, more than half of them U.S. flights, adding to the toll of holiday week travel disruptions due to adverse weather and the surge in coronavirus cases caused by the Omicron variant....

1238. Greek labor market needs skilled workers

The local labor market will operate under new conditions in 2022, as the last couple of years has already seen the imposition of changes due to the pandemic....

1239. What's left for the Turkish Cypriot economy after 2021

Shortly before the pandemic began, Turks and foreign analysts warned of the effects of the Erdogan government's wrong moves and decisions on the economy....

1240. Feeding your dogs insects can help fight climate change

Many pet owners reflexively bark “No!” when their dog or cat prepares to feast on a bug. But despite what scientists call the “yuck factor,” insects could be a sustainable secret ingredient for the booming pet food industry....

1241. Cyprus unaffected as flights get canceled worldwide

Hermes Airports in the Republic of Cyprus say a cancelation of flights around the world has not affected the island, as airlines across the globe have been pulling planes during the Christmas travel period over fears of the Omicron variant...

1242. NIPD Genetics receives Innovation Award at the 15th OEB Cyprus Innovation Awards

NIPD Genetics, the Cypriot biotechnology company, was awarded the Innovation Award in the Services Category, in the OEB Cyprus Innovation Awards 2021, held on 20 December 2021....

1243. Cyprus energy program resumes with an appraisal drilling in Block 10

The Ministry of Energy, Trade and Industry announced the start of assessment drilling in block 10 of the Exclusive Economic Zone of the Republic of Cyprus (EEZ)....

1244. How can banks use smart automation to improve customer service?

In all industries, there are often many tasks that require the attention of employees, but do not fully utilize their skills, such as archiving, entering data or replying to a routine email....

1245. Qatar seizes children’s toys that are 'un-Islamic'

Authorities in Qatar have seized a line of what they called 'un-Islamic' children's toys that feature rainbow patterns similar to LGBT flags....

1246. Limassol Mayor highlights environmental issues affecting city

A research study on the environmental risks and economic benefits of sector activities in Limassol, demonstrates the urgent need to protect the city’s coastal, marine and maritime environment....

1247. The licensing of block 5 to ExxonMobil and Qatar Energy is done

The Government of Cyprus and the joint venture ExxonMobil and Qatar Energy on Friday signed the Contract for Exploration and Proportional Allocation of Production and the Hydrocarbon Exploration License for block 5 in the Cyprus Exclusive Economic Zone (EEZ)....

1248. Pope calls migrant crisis 'shipwreck of civilisation'

Pope Francis condemned the exploitation of migrants for political purposes on Sunday during a visit to the Greek island of Lesbos, branding the global indifference to their plight the 'shipwreck of civilisation'...

1249. RICS Cyprus Property Price Index with KPMG in Cyprus announces results of Q1-Q3 2021

KPMG in Cyprus announces that the “RICS Cyprus Property Price Index with KPMG in Cyprus” has been issued for Q1 – Q3 of 2021....

1250. KPMG in Cyprus partners with Salesforce

KPMG in Cyprus signed a partnership agreement with Salesforce and became the 20th Member Firm to officially join the KPMG Salesforce ecosystem....

1251. Fintech companies and National Betting Authority forge framework of cooperation

The Association of Cyprus Electronic Money and Payment Institutions (ACEMPI) is happy to announce that its President, Mr Ioannis Georgoulas, recently met with the Chairwoman of the National Betting Authority (NBA), Ms Ioanna Fiakkou, to discuss matters of common interest....

1252. Actualizing the ESG proposition The journey towards sustainability, resilience and purpose

1253. Divided Cyprus clears band for 5G across divide

A low frequency band that can deliver a better 5G experience to home users will be freed up on both sides of divided Cyprus, but the milestone agreement reached by the two communities could be overshadowed by ongoing 5G wars overseas...

1254. Reduction of electricity VAT from 19% to 9%

Finance Minister Constantinos Petrides said on Thursday that the Government has notified the EU’s VAT Committee over its intention to reduce VAT on household electricity bills from 19% to 9%...

1255. Cyprus produces first ever PDO halloumi

The first badge of halloumi bearing the PDO certificate has been produced by a Greek Cypriot dairy business in Frenaros, but comments in Turkish Cypriot media gave way to a war of words over which side actually authorizes inspections on the ethnically divided island...

1256. Supermarkets disagree with CovScan and ask for instructions

Supermarket owners are asking the Minister of Health for instructions on how to implement CovScan, but they are underlining their opposition to this measure and the adoption of any additional measures to support its implementation....

1257. As ban lifts, visitors to US await long-delayed hugs, kisses

The U.S. lifted restrictions Monday on travel from a long list of countries including Mexico, Canada and most of Europe...

1258. Government announces a reduction of VAT for vulnerable households

Cabinet Ministers today announced the reduction of VAT charged to electricity bills of vulnerable households. ...

1259. Bridging the divide by tackling climate change

In the spirit of the talks on climate change happening at the COP26 summit in Glasgow, Ambassador Judith Garber and UN Special Representative Elizabeth Spehar met with UNFICYP’s Youth Champions on Environment and Peace on the evening of November 3rd at the Home for Cooperation located in the UN buffer zone....

1260. Over 500 million euros from Cyprus by 2026

In a speech to world leaders today at COP26, President Anastasiades said that Cyprus seeks to strengthen regional cooperation through coordinated synergies and exchange of best practices...