Search

1021. The plague of the Cyprus port industry

Cyprus holds a pivotal role as a major trading hub and a crucial maritime center, leveraging its strategic geographical position and island status to foster maritime transport development. ...

1022. Cyprus witnesses 356 bounced cheques, yet a €1.7M surge

In a recent disclosure, the Cyprus Central Bank unveiled a decrease in the issuance of uncovered checks during 2023, reporting a total of 356 compared to the previous year's 473. ...

1023. Wizz Air forced to pay £1.2m in compensation

Thousands of passengers have scored a significant victory against budget airline Wizz Air, as the Civil Aviation Authority (CAA) reveals a landmark compensation payout of £1.2 million....

1024. Five tribes set political agenda for 2024

In a shift from traditional left-right divides, Europe's voters are now categorized into five distinct tribes, with upcoming elections in 2024 poised to revolve around major crises, including climate change, migration, economic turbulence, the war in Ukraine, and the ongoing impact of Covid....

1025. Kursat rejects extradition request in Greek Cypriot land dispute

In a recent development, the extradition case of Turkish Cypriot lawyer Kursat has been adjourned until February 6 by a court in Rome....

1026. Shell halts Red Sea route amidst Houthi threats

In a significant move responding to heightened security risks, oil giant Shell has officially opted to suspend the utilization of the Red Sea Route for cargo transport, a decision unveiled through the Wall Street Journal....

1027. CEO predicts price drops for homes over 500K euros

In the latest property data, the real estate landscape in Cyprus paints a picture of continuous growth, particularly in the apartment sector. However, a closer look reveals a potential plateau in the high-end market, specifically for properties priced at 500 thousand euros and above....

1028. Forty percent of global jobs face disruption because of AI

Artificial intelligence (AI) is poised to reshape the global job market, potentially affecting 40% of jobs worldwide, according to the head of the International Monetary Fund (IMF), Kristalina Georgieva....

1029. Big news! New EU data rules give you more control

In a significant development, the European Union's Data Act officially came into force today, ushering in a new era for data access and privacy in the EU market. ...

1030. Europe faces weak growth amid global uncertainty

In a comprehensive survey released today, leading economists express apprehension about the global economy, anticipating a year of sluggish growth, primarily attributed to geopolitical conflicts, challenging financing conditions, and the impact of artificial intelligence. ...

1031. Taiwan elects Lai Ching-te as President amidst China's strong disapproval

Taiwan's political landscape makes history as Lai Ching-te and the Democratic Progressive Party (DPP) clinch a landmark third consecutive term....

1032. Apple stocks dip as Microsoft claims market crown

In a noteworthy development, Microsoft has eclipsed Apple in market capitalization, marking the first time since late 2021....

1033. EY Cyprus releases the Cyprus Tax Facts Guide 2024

EY Cyprus is delighted to announce the release of the latest edition of the Cyprus Tax Facts guide for the year 2024....

1034. Allegations of bank interference surrounding reshuffle speculations

In the midst of last week's political reshuffle speculations, with Irene Piki, the current Deputy Minister to the President, being touted as the likely successor to the Finance Ministry, a new leak from the President's office raised eyebrows...

1035. Trimiklini businessman traps officials and police in illegal fish farm raid

A Trimiklini businessman allegedly diverted water from the Kouris River to illegal fish farms, according to an Audit Office report. On September 19, 2023, he verbally abused, assaulted, and trapped Fisheries Department officials who came to inspect his facilities....

1036. Cyprus real estate booms in Q3 2023

Cyprus experienced a real estate boom in the third quarter of 2023, with housing prices soaring and a surge in demand from both domestic and foreign buyers, according to data released by the Central Bank of Cyprus (CBC) on Wednesday....

1037. Atterbury Europe unveils green vision for Limassol Mall

In a groundbreaking move towards a sustainable and environmentally friendly future, Atterbury Europe is set to revolutionize the construction and operation of the proposed Mall of Limassol. ...

1038. London Airbnb offers 'Snore and Explore' tents for £38/night

In a bid to tackle London's escalating rental prices, an enterprising Airbnb owner is providing an unconventional accommodation option......

1039. US pushes for Palestinian state amidst ongoing Gaza crisis

Secretary of State Antony Blinken engaged in talks with President Mahmoud Abbas, highlighting U.S. efforts to support postwar plans for Gaza, emphasizing concrete steps toward a Palestinian state....

1040. Deloitte’s Tax Facts 2024

1041. Cofounder, CEO, philanthropist, and now cowboy

The Meta chief's new addition to a list of titles comes as he revealed his latest venture is livestock farming....

1042. Theater grants and the Ministry's cultural quandary

The new year has begun and immediately it was marked culturally by the crisis in the theater, due to the grants that were given by the Thymeli Plan....

1043. Record 34.6% surge in vehicle registrations unveiled

In a gear-shifting revelation, Cyprus witnessed a remarkable 34.6% surge in vehicle registrations, hitting 45,494 in the period from January to December 2023, as reported by the Cyprus Statistical Service in their latest report titled ''Vehicle Registrations.'' ...

1044. South Korea bans dog meat in landmark legislation that ends centuries-old practice

South Korea's parliament passed a bill on Tuesday to ban the eating and selling of dog meat, a move that will end the controversial centuries-old practice amid growing support for animal welfare....

1045. Woman arrested for duping victims of over €430,000

In a shocking turn of events, a 52-year-old woman has been apprehended by Limassol Police for allegedly orchestrating a fraudulent real estate scheme. ...

1046. Cyprus redefines sustainability with new renewable energy grants in housing

In an exclusive announcement, the Ministry of Energy, Trade, and Industry is reaching out to stakeholders for their input on the innovative ''Grant Scheme for Renewable Energy and Energy Saving in Housing 2024-2025.''...

1047. Cyprus names Digital Security Authority as Cybersecurity Hub

The Digital Security Authority has been appointed as the National Cybersecurity Certification Authority (NCCA) in the Republic of Cyprus, which aims to contribute towards Cyprus’ aim to become a regional hub for cybersecurity services, a press release said on Tuesday....

1048. Cyprus and UK businesses join forces in new strategic partnership

The Cyprus Organization for Standardization and the Great Britain-Cyprus Business Association (GBCY) have announced a new strategic collaboration....

1049. 79% jump in consumer complaints this year

In a substantial leap from 2022, the Cyprus Consumer Association reports a noteworthy spike in four complaint categories in 2023....

1050.  President Christodoulidis announces Cabinet reshuffle

President Nikos Christodoulidis has announced a series of government appointments, effective Wednesday, January 10, 2023. The changes, made under constitutional authority, include:...