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2101. Projects in excess of €48 million will begin in the first quarter of 2023

Projects worth more than €48 million will be tendered in the first quarter of the year under the Cyprus Tomorrow Plan, according to Government Spokesman Marios Pelekanos....

2102. Hollywood executives brace for ‘year of turmoil’ in 2023

Hollywood executives are bracing for a brutal “year of turmoil” as the entertainment business faces the combined threat of an economic recession, slower streaming growth, a cinema industry on life support and a potential writers’ strike....

2103. The landscape of bank equity is changing in Cyprus

A day before 2022 came to an end, Eurobank made the announcement that it had added 3.2% more shares of Hellenic Bank, bringing its total to 29.2% (pending regulatory approval), and altering the bank's balance "for good"....

2104. Trendsetter company buys Cyprus’ most expensive property

The most expensive piece of real estate in Cyprus is off the market, following news that a global trading platform will buy the stunning beachfront property after a decade-long presence on the island...

2105. The 2023 investment chessboard

Today's data is completely different from what it was a year ago in terms of investment....

2106. The most likely scenario for the drugs found in Protaras

Stelios Sergides, deputy commander of the YKAN, told CNA that 340 kilos of cannabis, 38 kilos of cocaine, 3.5 kilos of ecstasy pills, and 4.5 kilos of methamphetamine were seized in Cyprus in 2022, with the number of drugs increasing over the previous five years....

2107. More than 20 kg of drugs have washed up on the beaches in the Famagusta district

On Sunday, police discovered two packages containing drugs on a beach in the government-controlled areas of the Famagusta district. Over 20 kg of cannabis has washed up in the area in the last ten days....

2108. 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....

2109. Young mother killed in New Year's Eve car crash

A young mother in Limassol on her way to ring in the New Year was killed in a car accident when a car driven by her boyfriend veered off course, with their baby in the back seat said to be in critical condition...

2110. Nikos Christodoulides’ program for the next five years

Cypriots will go to the polls on February 5 to elect the 8th President of the Republic. The campaign began very early compared to previous elections and will intensify during the remaining few weeks. ...

2111. Former Pope Benedict XVI dies

Pope Emeritus Benedict XVI, the shy German theologian who tried to reawaken Christianity in a secularized Europe but will forever be remembered as the first pontiff in 600 years to resign from the job, died Saturday...

2112. Cyprus braces for credit ratings in 2023

The ratings will take place in a year marked by a projected economic slowdown, amid the continued uncertainty that clouds the economic outlook, due to high inflation and the energy crisis, fueled by the continuing war in Ukraine...

2113. Belgian judge throws book at Eva Kaili

EU lawmaker Eva Kaili has been ordered to remain in custody for another month as investigations continue into corruption charges, with one of her lawyers suggesting prosecutors were ‘acting politically’ in the case...

2114. Kaili's Paros plot frozen pending investigation

A Supreme Court prosecutor has ordered that a plot of land on the island of Paros bought by MEP Eva Kaili and her husband Francesco Giorgi be frozen pending a money-laundering investigation into the activities of the couple....

2115. When will Cypriots begin to reap the benefits of natural gas?

Minister of Energy, Trade, and Industry Natasha Pileidou hailed the discovery of a natural gas deposit in Block 6 of the Cypriot EEZ as a very positive development. Given the energy challenges the European Union is facing,...

2116. 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....

2117. Stolen 8th century BC jug returned to Cyprus

A Cypriot jug from the 8th century BC that was offered for sale on the Dutch art market, and which appeared to have been smuggled out of Cyprus shortly after the Turkish invasion of the island in July 1974, was recently returned to the Republic of Cyprus....

2118. Plea deal falls apart in mercy killing case in Cyprus

A deal for a British man to plead guilty to manslaughter for killing his wife in Cyprus fell through Tuesday amid recriminations between prosecutors and defense lawyers...

2119. Drug squad chief vindicated but not squeaky clean

An independent probe found no evidence of corruption against Cyprus’ drug squad chief, with the prison warden who accused him of illegal activities to undermine her demanding a transfer to another position...

2120. EY Cyprus organised the 2nd Annual Corporate Reporting Insights event

EY Cyprus organised the 2nd Annual Corporate Reporting Insights event held on 16 December 2022, at Lemon Park Nicosia, with the participation of senior executives from Cypriot and multinational corporations. The event focused on the major shift underway in recent years, as emphasis moves from financial to corporate reporting. ...

2121. Is your organization Agile enough to embrace what tomorrow brings?

The transformation imperative is urgent, challenging and opportunity rich. Leaders are reframing their businesses to adapt to a new landscape by innovating their business model, elevating their customer experience, and finding new ways to leverage data and technology. This demands a careful balance: sustaining performance while investing in the skills, technologies, and agile ways of working to accelerate growth and create new opportunities. EY Agile practitioners place humans at the center of the organization, leverage technology at speed and innovate at scale....

2122. Lebanese drinks giant Kassatly building plant in Ypsonas

Lebanese drinks giant Kassatly Group Holding has started work on a new plant in Cyprus under “Boutique Beverage Bottling Int’l Ltd” as part of ambitious plans to move the brand from a regional powerhouse to a global player....

2123. The winners and losers of the Archiepiscopal elections

The primary topic of discussion in the first round of voting last Sunday was the creation of the tripartite list from which the Holy Synod will select the incoming Primate of the Church of Cyprus. It cannot, however, be considered the only one....

2124. Kalopanayiotis and Pissouri - WTO's 'Best Tourism Villages' 2022

Kalopanayiotis and Pissouri, two Cypriot villages of Nicosia and Limassol districts respectively, are among the villages participating in the Upgrade Programme of the UN's World Tourism Organization (UNWTO) to become "Best Tourism Villages"....

2125. Lesser charges for protected witness in prison death

A suspect in the death of a Turkish Cypriot inmate in Nicosia has turned state witness after pleading guilty to criminal negligence and drug use, with prosecutors halting the arraignment process just before his third charge of manslaughter could be read out...

2126. Predator probe focuses on suspicious SMS from US

Two Greek prosecutors investigating all allegations of illegal electronic surveillance of dozens of individuals in Greece have submitted a request to US authorities for judicial assistance...

2127. Kaili admits to asking father to hide money

Greek MEP Eva Kaili has admitted under questioning in Belgium that she had asked her father to hide part of the money that was in her home, according to reports in the Belgian magazine Knack and newspaper Soir....

2128. The Belgian wheel is in motion...

Many Cypriots live in a state of frustration. How did Belgian authorities respond decisively to the well-known case, while the island's law enforcement took two weeks to visit Syllouris?...

2129. December Newsletter of K. Treppides & Co Ltd

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....

2130. Eva Kaili: From city council to city prison