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181. Cattle farm slapped with €11,000 fine over injury

In a recent development, the I & C Hadjiyiannakou (Farms) Ltd, engaged in cattle farming, faces a €11,000 fine imposed by the Larnaca District Court....

182. The overtime dilemma – George Vassiliou's proposal

Only a young John Kapodistrias, with his wit and cunning, can rescue this troubled land from the folly of officials and citizens....

183. Aspirin and Vitamin D may now be available under GESY

The Health Insurance Organisation (OAY) has suggested adding two more non-prescription medicines (NPSFs) to the General Health Insurance Scheme (GESY)....

184. Cyprus reports significant drop in joblessness

The latest data released by the District Labour Offices indicate a notable decline in registered unemployment rates for November 2023, both on a monthly and on a yearly basis....

185. Citizen pays 500 euros fine in coins at Limassol court

In an extraordinary turn of events at the Limassol Court on Tuesday morning, a routine fine payment took an unexpected and unconventional route, leaving court officials and onlookers in disbelief....

186. Hellenic Bank rakes in €240.7M in 2023's first 9 months

Hellenic Bank announced on Tuesday a profit of €240.7 million for the first 9 months of 2023....

187. House plenary votes on teleworking bill, what's at stake?

In a decisive move, the House plenary convened this afternoon to cast their votes on a groundbreaking teleworking bill, aiming to establish a robust framework for regulating working conditions in the evolving landscape of remote employment....

188. Mandatory insurance for doctors to ensure accountability

In a move to address recent legal developments, the Democratic Rally (DISY) party in Cyprus has proposed a law requiring doctors to sign contracts with insurance companies and obtain licenses from the Pancyprian Medical Association....

189. Surging Airbnb revenues by 27% in occupied territories

For 2022 alone, there has been a 27% increase in Airbnb income in the occupied territories, with the annual amount per accommodation reaching 24 thousand....

190. Minister unleashes 4% boost for retirees

In a significant move to enhance the well-being of pensioners, Labor and Social Insurance Minister Yiannis Panayiotou declared a nearly 4% increase in basic pensions for the upcoming year....

191. The mystery of Cyprus' social insurance fund

The Republic of Cyprus achieved its first significant milestone with the establishment of the Social Insurance System, originally introduced during the colonial era. ...

192. Minor driver caught without insurance in Paphos

On Monday evening, as part of routine traffic controls, the Paphos police made a significant interception in a village within the Paphos district. At approximately 19:20, law enforcement officers stopped a vehicle and made a startling discovery....

193. How Kotsovolos fits into PPC's master plan

The acquisition of "Kotsovolos" propels PPC's transformation into an integrated provider of products and services, reshaping the retail electricity market. By securing "Kotsovolos," PPC gains the means to offer a comprehensive range of services, from electricity and natural gas to cutting-edge energy solutions....

194. Fitch upgrades Hellenic's long-term rating to ''BB+'' with stable outlook

In a recent announcement, Fitch Ratings raised Hellenic Bank's long-term rating from "BB-" to "BB+" and assigned a stable outlook to the bank. The agency also upgraded the bank's Viability Rating (VR) to "bb+" from "bb-."...

195. EY Cyprus Unveils EY Academy of Learning and Development: Pioneering Excellence in Learning and Development

EY is proud to announce the launch of the EY Academy of Learning and Development. The announcement took place during an exclusive event held on November 2, 2023, at Lemon Park in Nicosia....

196. Woman kills boyfriend over $30M inheritance

A North Dakota woman fatally poisoned her boyfriend after learning about his plans to dump her — because he had inherited $30 million just hours earlier, police said....

197. Cablenet fined €6,000 for workplace safety violations leading to fatal injury

In a significant legal ruling, the Larnaca District Court has issued a fine of €6,000 to CABLENET COMMUNICATION SYSTEMS LTD for multiple violations of safety and health regulations. ...

198. Healthcare ethics scrutinized as concerns rise over 'dual practice' doctors

Recent speculations have emerged regarding doctors affiliated with the General Healthcare System (GESY), primarily in surgical specialties, who are reportedly providing services in hospitals and clinics outside of the GESY framework....

199. Full basic pension exempted from actuarial reduction

The Minister of Labor, Yiannis Panayiotou, presented a proposal at the Social Insurance Council meeting, exempting the full basic pension from a 12% actuarial reduction for employees with 40 years of contributions. This proposal aims to relieve actuarial reductions for early pensions. ...

200. Pfizer doubles price of lifesaving COVID-19 drug to $1,390

The price of the lifesaving COVID-19 antiviral medication Paxlovid will more than double as the United States transitions out of the emergency phase of the pandemic, drugmaker Pfizer said Wednesday....

201. Cyprus cracks down on illegal labor as Limassol raids yield arrests

In a concerted effort to combat illegal employment and unlawful residence, law enforcement authorities took action yesterday....

202. Singapore drivers hit with £88,000 bill just to own a car

Drivers in Singapore now need to pay £88,000 for the right to own a car - and that doesn't include the cost of the vehicle itself....

203. Unexpected earnings dip in 2022 at €2,202

In a surprising turn of events, Cyprus witnessed its first annual drop in monthly earnings after seven prosperous years....

204. Apollonion hospital's inclusion in GESY postponed

The integration was scheduled for Sunday, October 1st, but as stated to "K" magazine by the Director of the Health Insurance Organization, Andreas Papakonstantinou, the hospital's management informed the organization today that the necessary permits have not yet been obtained from the Ministry of Health....

205. Bank of Cyprus woos investors at London conference

Last week, the Bank of Cyprus launched a series of engagements with investors, with a particular focus on attracting new stakeholders. This initiative took place during the BofA Merrill Lynch conference, notably at the Annual Financials CEO Conference held in London from last Tuesday to Thursday. ...

206. Nearly €158,000 in fines imposed for undeclared and illegal Labor

In a series of targeted measures and inspections by the Ministry of Labour and Social Insurance and the Ministry of Interior, 204 illegal workers and 98 undeclared workers were found to be working at businesses, and as a result, administrative fines of €157,900 were issued against these companies....

207. GHS welcomes Ygia Polyclinic

On Monday, September 25, 2023, the "" Polyclinic officially became part of the General Health System, offering inpatient care and a First Aid Department...

208. 43 undeclared workers uncovered in hotel raids

In July, the Ministry of Labor and Social Insurance's Inspection Service conducted targeted inspections at hotels across Cyprus, revealing 43 undeclared workers. This resulted in 20 Violation Notices and 19 Imposition of Fines, totaling €49,000....

209. Consulco’s London Credit Fund; Existing & New Investment Opportunities

210. Ygia Polyclinic A&E joins GHS

In a significant development set to enhance healthcare accessibility in Cyprus, the integration of private Accident and Emergency Departments (A&E) into the General Healthcare System (GHS) is set to commence next Monday....