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1231. SYPRODAT and Government join forces to end non-performing loans

Finance Minister Makis Keravnos expressed satisfaction with the progress made in divestments and the reduction of non-performing loans (NPLs) during a meeting at the Ministry of Finance with SYPRODAT President Costas Melas and Association Director Jenny Papacharalambous....

1232. Cyprus tops EU in internet piracy

A recent report from the European Union Intellectual Property Office (EUIPO) sheds light on the concerning issue of internet piracy within the European Union....

1233. Christodoulides meets Guterres in New York

Cyprus President, Nikos Christodoulides, meets on Friday in New York with the UN Secretary General, Antonio Guterres. ...

1234. Fontainebleau's $3.7 billion Vegas resort finally opens

After an arduous 23-year journey, real estate magnate Jeffrey Soffer is finally realizing his dream. On December 13, the Florida-based developer will unveil his latest masterpiece in Las Vegas—a stunning $3.7 billion resort boasting seven exquisite pools, an impressive array of 36 restaurants and bars, and an exclusive rooftop club that offers breathtaking skyline vistas....

1235. €369 million EIB loan for smart investments

The government has secured a €369 million loan from the European Investment Bank (EIB) with favorable terms to support expenditures and investments within the framework of the "Thalia" program. ...

1236. 22 startups aim for 10K prize

Twenty-two startups hailing from Cyprus, Great Britain, Israel, and Greece are vying for the prestigious 10,000 euro prize at the 2023 Digital Agenda Cyprus Summit....

1237. Musk's Neuralink calling for human test subjects

Elon Musk’s controversial biotechnology startup Neuralink opened up recruitment for its first human clinical trial Tuesday, according to a company blog....

1238. Focus on growth, employment control, and surplus in the 2024 budget

The 2024 state budget to be tabled to the Council of Ministers for approval next week will have three key characteristics, Minister of Finance Makis Keravnos told CNA....

1239. E-kalathi bill sparks debate in Parliament

During yesterday's session of the Parliamentary Committee on energy and trade, the debate shed light on a crucial aspect of the E-kalathi bill. It became evident that there are lingering disagreements among stakeholders and the majority of MPs on this issue. ...

1240. Houses and agricultural plots for sale by AstroBank

1241. Foreign demand fuels Cyprus real estate boom as local interest wanes

Demand in the real estate market remained steady from January to August despite rising prices, but interest has gradually waned, according to Paul Loizou, CEO of Ask Wire. ...

1242. K. Treppides & Co Ltd and EIMF partner up to offer complimentary studies and assured long-term employment

A unique agreement recently penned between K. Treppides & Co Ltd and the European Institute of Management and Finance (EIMF) offers full-time employment while covering all study costs associated with obtaining EIMF’s accredited Diploma in “Accounting and Financial Management”....

1243. Global investment giants converge in Cyprus for IIFA 2023

The 36th annual international conference of the International Investment Funds Association (IIFA), will take place in Cyprus, for the first time, on October 23-25. ...

1244. Electronic embassies set to transform diplomacy

To usher in digital reform within the public sector, a concrete and centralized approach is imperative. The key to this transformation lies in collaboration with the very organizations we aim to reform....

1245. Consumers revolt as rising prices trigger surge in complaints

In recent months, the Pancyprian Consumers Association has been inundated with consumer complaints, particularly following the reinstatement of excise duty on fuel and the termination of electricity subsidies. ...

1246. Erdogan and Netanyahu forge meeting at UN General Assembly

In a historic turn of events, Turkish President Tayyip Erdogan and Israeli Prime Minister Benjamin Netanyahu met in person for the first time on Tuesday, marking a crucial milestone in the ongoing effort to mend strained relations between the two nations....

1247. Borrowers in a high-stakes game of loan roulette

In 2023, borrowers face a pivotal year, primarily due to the soaring levels of inflation, rising prices, and increasing interest rates. This year also carries significant importance for banks, not in terms of profits, ...

1248. Supreme court frees billions in assets

The Supreme Court unanimously overturns Laiki Bank's secured decrees, releasing billions in assets belonging to Andreas Vgenopoulos, Marfin Investments Group Holdings S.A, Efthimios Buloutas, and Kyriakos Cook....

1249. The European Health Insurance Card (EHIC) is your passport to health

The European Health Insurance Card (EHIC) is a valuable resource for European citizens, providing access to essential healthcare services during temporary stays in 27 European Union (EU) countries. ...

1250. Dive into eBooks on 2023 International Digital Book Reading Day!

OverDrive, the largest e-book distributor in the U.S., established International Digital Book Reading Day in 2014, and it has been celebrated annually on September 18 ever since....

1251. Will Tesla's next factory be in Turkey?

Turkish President Recep Tayyip Erdogan has extended an intriguing invitation to Tesla's CEO Elon Musk, proposing the establishment of a Tesla factory in Turkey....

1252. SSM chief urges banks to be prudent amidst soaring profits

The Chairman of the Single Supervisory Mechanism (SSM), Andrea Enria, has emphasized that the gains from high interest rates for banks will eventually come to an end....

1253. World-famous artist Botero breathes his last at 91

Fernando Botero, the Colombian whose voluptuous pictures and sculptures of overstuffed generals, bishops, prostitutes, housewives and other products of his whimsical imagination made him one of the world’s best-known artists, died Friday in Monaco. He was 91....

1254. K. Treppides & Co Ltd: Cyprus financial market recovery or impending closure? Uncovering hidden risks

1255. Major government reforms begin with secretariat's launch

The Secretariat for the coordination and support of government work which is included in the Governance Programme of the President of the Republic, under the pillar "Restructuring the State", starts work on Friday, an Presidency press release says....

1256. AKEL blasts government amid rising bank profits

The political party AKEL has voiced its discontent with the government's handling of economic issues, particularly in light of the recent decision to raise interest rates for the tenth time....

1257. ECB raises rates for the 10th time as it tries to quell inflation

The European Central Bank raised interest rates for the 10th meeting in a row on Thursday to counter stubborn inflation but signalled that it is likely done tightening policy....

1258. Deputy Minister Koumis paves way for more seats to Cyprus

Deputy Minister of Tourism Kostas Koumis had important contacts in recent days in Stockholm and Helsinki, with the aim of increasing the number of air seats offered to our country for the next year....

1259. Real estate prices surge by 7.7%

The prices in the Cyprus real estate market have been going up in recent years....

1260. 90% winter flight schedule boosts tourism hopes

Airlines based in Cyprus are planning to operate 90% of their flights during the upcoming winter season, as revealed by Maria Kouroupi, the Director of Communications and Marketing at Hermes Airports, in an interview with "K." ...