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631. 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%....

632. 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....

633. 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....

634. Anastasiades: 'No one can portray me as a corrupt person'

It is not possible for anyone to make allegations that the President is involved in corrupt or even criminal acts without the matter being investigated by the appropriate authorities, said the President of the Republic Nicos Anastasiades today....

635. COVID protests spreading across China

From Shanghai to Beijing, protests have erupted across China in a rare show of dissent against the ruling Communist Party sparked by anger over the country’s increasingly costly zero-Covid policy....

636. 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...

637. Procedures, criminal offender profiles, and the law governing child abuse

The recent news has been overshadowed by new complaints from schoolgirls in Cyprus alleging that their headmaster has harassed them sexually, while in Greece the Aeolus box is opening due to revelations about the "Ark of the World" foundation....

638. Duma passes law prohibiting LGBT propaganda

Russian lawmakers on Thursday gave their final approval to a bill that significantly expands restrictions on activities seen as promoting gay rights in the country, another step in a years-long crackdown on the country's embattled LGBTQ community....

639. North detains two teens on counterfeit spending spree

Two Greek Cypriot teenagers accused of using fake money to make purchases in the north have been arrested by Turkish Cypriot police, while another man from the south was detained after cartridges were found in his vehicle...

640. 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. ...

641. 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....

642. The visionary leader of Pafilia wins at the prestigious Bank of Cyprus Man of the Year Awards

Pafilia founder and CEO, Mr Elias Eliades has been awarded a prestigious honor at the 21st Bank of Cyprus MAN OF THE YEAR Awards, with the title of Best Manager / Entrepreneur....

643. Raising the Black Friday bar

This year's Black Friday is expected to be much stronger and more appealing to consumers than last year's Black Friday. Following the tepid and disappointing performance of 2021, market participants believe this is the case. ...

644. November Newsletter of K. Treppides & Co Ltd: European Banking Authority

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

645. Marios Georgiou named Man of the Year 2022

Marios Georgiou was named Man of the Year at the 21st annual Bank of Cyprus - Man of the Year Awards 2022 held at the Parklane Hotel in Limassol last night, Wednesday, November 16th, in the presence of the President of the Republic of Cyprus, Mr. Nicos Anastasiades. ...

646. Civil protection's role in disaster management at the Nicosia Risk Forum 2022

The role of civil protection and international solidarity in disaster management as a result of climate change is being discussed at the two-day Nicosia Risk Forum 2022 (#NRF2022) on Civil Protection, which began today in Larnaca and is organized by the CERIDES Foundation of the European University Cyprus....

647. Spyware and political games

The European Parliament's Committee of Inquiry's draft report on the use of spyware in the EU was lengthy and comprehensive, but in the case of Cyprus, a sizable portion of the information was a repetition of already well-known facts and concerns about the absence of the required institutional framework. ...

648. Cyprus regulator to suspend FTX's license

FTX's European Union license in Cyprus could be suspended in yet another blow to Sam Bankman-Fried's crypto exchange, according to Bloomberg....

649. Eliades: 'Cyprus a haven for every kind of illegal activity' thanks to government

The preliminary findings of the report issued by the PEGA investigation committee, the works carried out at the Limassol Municipal Garden, and the delimitation of the Exclusive Economic Zones between Cyprus and Greece were the subject of press releases issued by presidential candidates on Wednesday....

650. 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. ...

651. Initial PEGA report - Cyprus is an appealing destination for spy goods

652. Effective management of the migration issue

Migration flows to Europe from Africa and Asia are becoming increasingly influenced by geopolitical realities and socioeconomic developments....

653. Deep political divide in the US as midterm elections loom

In a stark closing argument ahead of the U.S. midterm elections, President Joe Biden on Monday warned that a Republican victory could weaken the country's democratic institutions, while former President Donald Trump hinted he could announce another White House bid as soon as next week....

654. Backlog in court cases will be alleviated in 4 to 5 years

In a period of four to five years and with the implementation of the reform bills passed by the Parliament, the problem of the backlog of cases pending before the Courts will be solved to a significant extent, Supreme Court President, Antonis Liatsos and President of the House of Representatives, Annita Demetriou have said....

655. ''Firm of the Year 2022'' Specialist Sector

K. Treppides & Co Ltd, the Largest Independent Consultant, and a Cyprus based international firm, was awarded as the EAI Specialist Sector ''Firm of the year 2022'', by EAI International which is recognized internationally including US and Canada....

656. 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. ...

657. 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....

658. EP committee in Cyprus to investigate spyware claims

A delegation from the European Parliament’s committee of inquiry to investigate the use of Pegasus (PEGA) and equivalent surveillance spyware arrives in Cyprus on Tuesday afternoon, as part of a joint mission in Cyprus and Greece. PEGA gets a job in Cyprus - Why won't Drakou meet with the committee It will investigate complaints about the development and use of spyware on the spot...

659. Cyprus' hourly labor costs in 2020 was at €18.10, with some exceptions

Based on the findings of the Labor Cost Survey (LCS) conducted by the Cyprus Statistical Service, the hourly labor cost was set at €18.10 with 2020 serving as the benchmark year....

660. Cypriot author talks illegal surveillance with PEGA

Cypriot author Makarios Drousiotis said on Wednesday that illegal surveillance was still taking place in the Republic of Cyprus, as European lawmakers were on the island for a second day of meetings to uncover any unlawful activity amid spying scandals...